Cheap Auto Insurance for Retired Military in Maine

This would be a much quicker read if we could simply give you the name of the one best company that has the cheapest rates in Maine. Unfortunately, it’s not that simple as there are a whole bunch of unknown factors like the number of years of driving experience you have, your marital status, your choice of liability limits, and the safety features built into your vehicle, that help determine the price you have to pay. In this article, we will teach you about the things that influence insurance rates and also should give you some help in finding cheaper rates.

Cost and performance of the vehicle requiring insurance is probably the largest consideration when shopping for cheap auto insurance for retired military in Maine. Vehicles with economical engines, excellent safety ratings, or a low likelihood of liability claims will cost significantly less to insure than high performance models.

The tables below ranks car insurance premiums for some of the most cost-effective vehicles to insure.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maine minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Table data does not factor in specific location information which can affect price quotes considerably.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maine minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Information does not factor in vehicle location which can change insurance rates noticeably.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maine minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in specific location information which can change auto insurance rates greatly.

Deciphering which companies quote the lowest-priced car insurance rates for retired military takes more work in order to find the lowest price quote. Each auto insurance company uses their own method for determining prices, so we’ll take a look at the car insurance companies with the overall best prices in Maine.

Best Auto Insurance Prices for Vets

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Travelers has some of the most affordable car insurance rates in Maine at around $630 a year. USAA, Countryway Insurance, Vermont Mutual, and The Hartford would also make the list of some of the cheaper Maine auto insurance companies.

As depicted above, if you are a policyholder with USAA and switched to Travelers, you might achieve annual savings of roughly $18. Customers with Countryway Insurance may save as much as $62 a year, and Vermont Mutual insureds might see rate reductions of $84 a year.

Understand that those policy prices are averaged for all types of insureds and vehicles and and are not calculated with a rate discount for retired military. So the car insurance company that is best suited for you may not even be included in the above list. That’s why you need to get car insurance quotes using your own specific driver and vehicle information.

One of the many criteria that auto insurance companies use to determine auto insurance rates is where you keep your vehicle in Maine. Areas with more people or more claims like Ellsworth, Portland, and Old Town will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates generally pay less for auto insurance.

The illustration below lists the priciest cities in Maine for retired military to buy auto insurance in.

Rates are estimated as the specific area where the vehicle is garaged can decrease or increase price quotes greatly.

Accidents and violations increase rates

The easiest way to get cheap auto insurance for retired military in Maine is to be a careful driver and avoid tickets and accidents. The chart below demonstrates how traffic citations and at-fault fender-benders raise premium costs for different age groups of insureds. The rates are based on a married male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.

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In the chart above, the average cost of car insurance in Maine per year with no accidents and a clean driving record is $925. Add in one speeding ticket and the average cost jumps to $1,061, an increase of $136 each year. Now get two accidents along with the one speeding ticket and the yearly cost of car insurance for retired military jumps again to an average of $2,231. That’s an increase of $1,306, or $109 per month, just for not paying attention while driving!

How to find budget-friendly insurance for retired military

Below you’ll find some money-saving ideas that can help Maine drivers find lower-cost coverage.

• Too many claims can make car insurance unaffordable
• Raise your physical damage coverage deductibles
• Remove physical damage coverage on older vehicles
• Bundle home and auto and earn a discount
• Higher credit ratings may save you money
• Buy a safer vehicle
• Shop around for cheaper rates regularly

The last idea is extraordinarily critical, as was stressed in this write-up. Prices charged by companies in Maine can be changed at any time, so drivers shouldn’t hesitate to switch carriers if you find a cheaper price.

Being loyal to a particular company is commendable, but is isn’t recommended if that loyalty ends up costing hundreds every year. It only take a few minutes to compare prices to find cheaper insurance for retired military.