Best Cheap Insurance Quotes for Used Cars in Maine

It’s hard to miss the catchy advertisements from insurers like The General and GEICO that make promises of enormous savings, so you should just select the one with the best jingle, right?

It’s just not that simple, as there are a whole bunch of unknown factors such as if your vehicle is for work or personal use, the likelihood of vehicle theft where you live, and if you are a man or woman, that help determine the price you have to pay. The information below covers the best ways to shop for cheaper coverage and also should give you a good start to your coverage search.

When buying insurance for pre-owned vehicles, one of the key factors that insurance companies use when figuring the cost of insurance is where you keep your vehicle in Maine. Larger areas like Ellsworth, Auburn, and Skowhegan tend to have higher rates, whereas areas that are not as densely populated generally benefit from lower insurance rates.

The illustration below displays the highest-priced areas in Maine for used cars in which to buy car insurance.

Price information shown is estimated as the specific geographic location can raise or lower auto insurance rates significantly.

Determining which insurers offer the cheapest insurance rates for used cars takes a tad more effort than just comparing a company or two. Every auto insurer used slightly different criteria to set policy rates, so we’ll go over the overall cheapest insurance companies in Maine.

Find Cheaper Auto Insurance for Used Cars

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USAA may have some of the cheapest car insurance rates in Maine at around $622 per year. Travelers, Vermont Mutual, Patriot, and Countryway Insurance would also be considered some of the best Maine car insurance companies.

As shown in the rates above, if you currently buy coverage from Countryway Insurance and switched to Travelers, you might achieve annual savings of approxmiately $83. Maine drivers with The Hartford may save as much as $98 a year, and MetLife insureds might reduce rates by $140 a year.

Bear in mind that those policy rates are averaged across all insureds and vehicles and do not take into consideration a price discount for used cars. So the insurer that can offer you the lowest price may not even be included in the above rate chart. That affirms the importance of why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

Best insurance company in Maine

Finding the highest-rated auto insurance provider can be difficult considering how many different companies insure vehicles in Maine. The ranking data displayed below could help you decide which auto insurers to look at comparing rates with.

The rankings below include the largest companies in America, so smaller companies will not be included in the list. To check prices from these and other top-rated companies, click this link.

Get discounts on Maine insurance

Car insurance companies that sell the best cheap insurance for used cars in Maine may also offer special discounts that can lower rates by as much as 30% if you meet specific eligibility requirements. The best insurance companies and a partial list of their discounts include:

• GEICO may include discounts for emergency military deployment, seat belt use, multi-policy, anti-theft, anti-lock brakes, and air bags.
• MetLife discounts include defensive driver, claim-free, multi-policy, accident-free, good student, and good driver.
• Progressive offers discounts for good student, multi-vehicle, continuous coverage, homeowner, online quote discount, online signing, and multi-policy.
• Travelers has discounts for continuous insurance, good student, IntelliDrive, driver training, and multi-policy.
• SAFECO offers premium reductions for multi-car, bundle discounts, homeowner, anti-lock brakes, teen safety rewards, accident prevention training, and teen safe driver.
• AAA policyholders can earn discounts including pay-in-full, multi-car, anti-theft, education and occupation, good driver, and AAA membership discount.

The example below illustrates the comparison of car insurance costs with and without discounts applied. The premiums are based on a male driver, no claims or violations, Maine state minimum liability limits, full physical damage coverage, and $500 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with marriage, anti-theft, safe-driver, multiple policy, claim-free, and multiple vehicle discounts applied. When taking advantage of discounts, the average savings per year on insurance for used cars is 28% or $358.

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Who has the cheapest insurance quotes for pre-owned vehicles?

Due to technology, there are many ways to shop around for insurance in Maine, but the most popular methods are from an exclusive insurance agent like Allstate or Liberty Mutual, a non-exclusive or independent agent, or direct either online or via phone. Each way has the same basic process, but they differ slightly in how they work.

Independent insurance agencies are appointed by several companies and can get rate quotes from every one. These types of agencies have the freedom to provide you with more rate quotes, which may provide you with the best chance of finding a lower price. If your agent finds better pricing, they can switch companies in-house and you can remain with the same agent.

A captive or exclusive agent is only able to place business with one company, for example a State Farm or Farmers agent. Exclusive agents are unable to quote rates from more than one company, so they have to upsell other benefits.

Opting to purchase insurance direct means you skip an exlusive or independent agent and instead shop from a direct company like Esurance. This insurance option may be good for people who have fewer assets and have an above average understanding of what is covered and what is not.

Which way works best to find the best cheap insurance for used cars in Maine? One answer would be buying direct results in the cheapest rates since there isn’t an agent involved, but unfortunately, that is not the case. We’d also like to say an independent agency is the best way to go since they have more companies to choose from, but that idea is not necessarily true either. In many cases, exclusive agents have price quotes well below independent agents AND direct companies.

Because there is so much variation in insurance prices, really the only way to make sure you’re not overpaying for insurance is to compare lots of quotes. The ideal approach is to get price quotes from all three to get a good idea who is cheapest. For a list of companies with cheap rates in Maine, click here to view.