Compare Auto Insurance Rates Online for Mandatory Maine Coverage
In Maine, mandatory liability limits are the highest in the nation. All car owners must carry liability coverage that is at least $50,000 for bodily injury per person, $100,000 for bodily injury per accident and $25,000 property damage. In addition, the state requires uninsured and underinsured motorist coverage. This is despite the fact that the state rates lowest in terms of estimated uninsured motorists at a mere 4.5%. Drivers must also carry medical payments coverage in the amount of $1000. This amount of mandatory coverage is very high compared to most other states.
Compare Auto Insurance Rates Online for Recommended Maine Coverage
Despite the fact that the state has high required minimum coverage levels, the amounts are relative.The fact is that the liability limits mandated could easily be surpassed in one serious car accident. Insurance professionals nationwide recommend liability coverage of no less than $100,000 per person for bodily injury; $300,000 per accident for bodily injury; and $100,000 per accident for property damage.
Collision and comprehensive coverage are the two forms of coverage that are typically added to the state minimums to make up full coverage. They provide personal physical damage coverage. Collision pays for repairs or replacement of your vehicle if there is a loss resulting from an at-fault accident. Comprehensive pays for repairs or replacement of your vehicle from losses that occur outside your control, such as fire, theft or vandalism. Despite the fact that Maine has the 5th lowest rate of motor vehicle thefts in the nation, comprehensive is still a good option for your car. Choose these types of coverage if it would be financially inconvenient to replace your vehicle. If your car is financed, the lender will require you to carry such coverage.
Many drivers also find rental car reimbursement and towing and labor coverage to be good options on a full-coverage policy. Be sure you don’t already have such options covered by a premium credit card or an auto club membership before paying for them.
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Take a moment and allow InsuranceBestPrices.com to help you shop around so you can compare auto insurance rates online prior to your next car insurance purchase. You can get the best deal for the best coverage by investigating your options carefully.
