- Maine government car insurance for low-income drivers
- Maine minimum car insurance requirements
- Best low income car insurance in Maine
- Cheap car insurance in Maine for low-income individuals
- Car insurance discounts in Maine for low-income drivers
- Methodology
- Low-income car insurance in Maine: Frequently asked questions
- Compare low-income car insurance rates in Maine with other states
Maine government car insurance for low-income drivers
There is no government-run car insurance program for low-income drivers in Maine. Only a handful of states (California, Hawaii and New Jersey) have such a program.
In Maine, low-income drivers must still carry the minimum amount of car insurance. The best way to find it on a budget is to shop around.
Maine minimum car insurance requirements
The minimum car insurance requirements in Maine are as follows:
Minimum liability coverage limits | Average annual premium | Other types of insurance required (if any) |
---|---|---|
50/100/25 | $335 | UMBI and Med |
Remember that if you have a loan on your car, you’re required to carry full coverage, which includes collision and comprehensive.
Best low income car insurance in Maine
Auto-Owners came out on top as the best pick for low-income car insurance.
People on a tight budget still deserve great service from their car insurance company. We gathered the data on the top car insurance companies in Maine and compared them on rates for state-minimum coverage, financial stability and customer satisfaction based on J.D. Power and National Association of Insurance Commissioners (NAIC) scores.
These are the best low-income car insurance companies in Maine.
Company | Average annual premium | J.D. Power | AM Best | NAIC | Insurance.com score |
---|---|---|---|---|---|
Auto-Owners | $229 | 840 | A++ | 0.5 | 4.02 |
Travelers | $331 | 782 | A++ | 0.49 | 3.37 |
State Farm | $328 | 829 | A++ | 0.7 | 3.24 |
Geico | $318 | 836 | A++ | 0.91 | 3.06 |
Farmers | $310 | 821 | A | 0.8 | 2.93 |
Allstate | $458 | 816 | A+ | 0.65 | 2.59 |
Progressive | $460 | 802 | A+ | 0.65 | 2.58 |
Cheap car insurance in Maine for low-income individuals
Based on state-minimum coverage, we found that the cheapest car insurance company in Maine is Auto-Owners at an average rate of $229 a year.
When you’re working with a tight budget, price is the number one consideration. We gathered rates from car insurance companies in Maine to find the cheapest options on average.
Company name | Average annual premium | Average monthly premium |
---|---|---|
Auto-Owners | $229 | $19 |
Frankenmuth Insurance | $310 | $26 |
Farmers | $310 | $26 |
Geico | $318 | $27 |
State Farm | $328 | $27 |
Travelers | $331 | $28 |
MMG Insurance | $379 | $32 |
Allstate | $458 | $38 |
Progressive | $460 | $38 |
USAA | $232 | $19 |
Car insurance discounts in Maine for low-income drivers
Discounts are the best way to bring down your car insurance rates. There are a number of discounts low-income drivers in Maine can take advantage of for cheaper insurance. Take a look at some common discounts and how much you can save below.
Discount type | % Discount |
---|---|
Years Licensed | 26% |
Profession | 16% |
Loyalty - Years Renewal With Company | 14% |
Years Insured | 12% |
Multi Policy | 11% |
Telematics | 10% |
Days Advanced Purchase | 10% |
Electronic Signature | 10% |
Payment Type | 8% |
Marital Status | 8% |
Primary Use | 7% |
Daily Commute | 6% |
Lower Annual Mileage | 5% |
Homeowner | 5% |
Days Per Week Driven | 5% |
Education | 4% |
Electronic Funds Transfer | 3% |
Paperless/Electornic Documents | 3% |
Safety Devices | 3% |
Anti-Theft Device | 1% |
Air Bags | 1% |
Methodology
Insurance.com commissioned car insurance rates from Quadrant Data Services in late 2023 for state minimum car insurance policies across all states. Rates are based on a 40-year-old driver with a clean driving record and good credit, driving a Honda Accord LX. We compared rates from 170 companies across 35,488 ZIP codes.
Low-income car insurance in Maine: Frequently asked questions
What is the cheapest car insurance company for low-income people?
In Maine, the cheapest car insurance company is Auto-Owners. However, that’s based on average rates and may differ for you, so it’s important to shop around.
Does Maine have car insurance for low-income individuals?
No, Maine doesn’t offer a car insurance program for low-income individuals or families.
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