Cheapest Auto Insurance Quotes for High School Students in Maine

You have seen the captivating ads from insurers like GEICO and State Farm that claim huge savings, so drivers just need to pick the company with the best ad, right?

It’s just not that simple, as there are a whole bunch of unknown elements like whether you are female or male, if you are wanting full coverage, and the vehicle you are insuring, that help determine the price you have to pay. The information below covers the best ways to avoid high prices and will give you a good start in finding the cheapest insurance.

Deciding which companies quote the most affordable auto insurance rates for high school students will take a little more work than just picking a company at random. Each insurance company uses different criteria for determining rates in each state, so we’ll go over the most affordable auto insurance companies in Maine.

It’s important to know that Maine auto insurance rates are calculated based on many things which can substantially decrease or increase the cost of coverage. Simply turning a year older, becoming a homeowner, or getting into an accident may cause policy rate changes that can make some companies more affordable than the competition.

Cheapest Insurance Rates for Students

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Travelers offers some of the lowest car insurance rates in Maine at around $612 annually. USAA, Countryway Insurance, Vermont Mutual, and Patriot also qualify as some of the lowest-priced Maine car insurance companies.

As the rates illustrate above, if you currently have coverage with USAA and switched to Travelers, you could earn savings of in the neighborhood of $17. Customers with Countryway Insurance could save as much as $80 a year, and Vermont Mutual policyholders might see rate reductions of $88 a year.

Be aware that those estimates are averaged for all types of drivers and the different vehicles they drive and and are not calculated with a rate increase for high school students. So the auto insurance company that has the cheapest price for you may not even be featured in the list of companies shown earlier. That point stresses why you need to get car insurance quotes using your own personalized driver profile and vehicle information.

For Maine drivers, one of the factors that aid in calculating car insurance rates is where you call home in Maine. Areas with more people or even just a higher incidence of claims like Skowhegan, Ellsworth, and Old Town are more likely to pay higher prices, whereas areas with less traffic congestion and claims can boast about having cheaper rates.

The next table lists the most expensive areas in Maine for high school students to buy auto insurance in.

Rate information is estimated as specific Maine zip code can lower or raise insurance rates considerably.

Progressive, Geico, State Farm, or Allstate: Who is cheapest?

When shopping around for auto insurance, four companies to consider are Progressive, Geico, State Farm, and Allstate. Combined they insure about 50% of all auto insurance policies in force. All of them offer physical damage and liability coverage, but each has somewhat different options that may influence which company you choose. The table below compares and contrasts ratings for price and service, as well as some optional coverages that are available.

Best cheap insurance quotes for teenagers

Consumers have many ways to shop around for auto insurance in Maine, but the three most common ways are from a captive (or exclusive) agency like Allstate or Liberty Mutual, an independent agent, or direct online or over the phone from a company like Geico or Progressive.

You can use whichever you prefer, but they are slightly different in how they provide rate quotes.

Independent agencies write business for many companies and can quote your policy with all of them. They are not employed by only one company and can provide you with more rate quotes, which may give you the best chance of saving money. If your agent finds a cheaper company, you can get a different policy which prevents you from having to switch agents.

An exclusive ageny is usually restricted to just one company like an Auto-Owners or State Farm agent. Exclusive agents normally do not have the ability to compare rates from other companies, so it’s a take it or leave it situation.

The third popular method of shopping for auto insurance is direct, which means you forego a local agent and instead shop from a direct company like Esurance. Buying auto insurance direct may be good for families who do not have complex finances and know more than average about what auto insurance covers.

So which of those three methods works best for finding the cheapest auto insurance for high school students in Maine? The quick answer would be buying direct saves money since no commissions are paid to an agent, but in reality, that is not the case. A good argument could also be made that going through an independent agent guarantees the best prices because you have more choices, but that is not accurate either. For the right applicant, the exclusive agents have price quotes that independents and direct companies can’t touch.

Due to that fact that auto insurance uses so many rating variables, really the best method to buy the cheapest policy is to get quotes and compare. Put in the effort to get rate quotes from independent agents, exclusive agents, and direct companies in order to be able to find the lowest price. For a list of auto insurance companies with low rates, click here to view.