Who Has the Cheapest Auto Insurance Quotes for Drivers Requiring a SR22 in Maine?

The words “economical” and “insurance” really shouldn’t be used together, especially when you are shopping around for the cheapest coverage for drivers requiring a SR22. Because it’s so expensive, let’s start off by going over a few of the things the can have a considerable influence on car insurance premiums, and find out if we can help you lower the cost of the next policy you buy.

The cost and performance of the vehicle that is being insured is one of the main factors when consumers are trying to find affordable coverage for drivers requiring a SR22. Vehicles with lower acceleration and performance, excellent safety ratings, or a track record of few liability claims will cost quite a bit less to insure than higher performance models. The next lists outlines coverage costs for a selection of the cheaper automobiles to insure in Maine.

Price data assumes single male driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease insurance rates significantly.

Prices above based on single male driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Estimates do not factor in specific zip code location which can revise insurance rates considerably.

Price data assumes single male driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Price information does not factor in the specific area where the vehicle is garaged which can lower or raise auto insurance rates substantially.

For high risk drivers, one of the more important factors that car insurance companies take into consideration when calculating the price you pay for insurance is where you normally keep your vehicle in Maine. Cities with larger populations or higher claim trends like Winslow, Waterville, and Auburn are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower coverage costs.

The next table sorts the more expensive cities in Maine for drivers requiring a SR22 to buy auto insurance in.

Premium amounts are estimated as zip code location can revise price quotes significantly.

Careless driving habits raise car insurance rates

The obvious way to earn the cheapest car insurance for drivers requiring a SR22 in Maine is to drive attentively and have a clean driving record. The information below illustrates how violations and at-fault collisions increase insurance premiums for different age groups. The premium estimates are based on a single female driver, full coverage, $250 deductibles, and no other discounts are factored in.

In the prior example, the average cost of auto insurance in Maine per year with no accidents or violations is $1,029. Factor in one speeding ticket and the average cost swells to $1,164, an increase of $135 each year. Now add in two accidents along with the one speeding ticket and the annual cost of car insurance for drivers requiring a SR22 increases to an average of $2,333. That’s an increase of $1,304, or $109 per month, just for not driving responsibly!

Discounts on the cheapest car insurance for drivers requiring a SR22 in Maine

Insurers that offer cheap quotes for drivers requiring a SR22 may also offer policy discounts that could lower prices by 35% or more if you qualify. A few of the larger companies and a summarized list of policyholder discounts can be found below.

The chart below illustrates the comparison of insurance premiums with and without discounts. The prices are based on a female driver, one citation and two at-fault accidents, Maine state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with anti-theft, homeowner, vehicle safety, multiple vehicle, multiple policy, and continuous coverage discounts applied. When discounts are applied, the average savings per year on car insurance for drivers requiring a SR22 is % or $.

Chances are good that you’re overpaying for Maine car insurance

Maine car insurance rates are impacted by many things which can substantially change the policy price. Simply turning a year older, having a claim, or getting a reckless driving citation can trigger rate changes that may make certain companies cheaper than competitors. Not only that, but insurers change their prices every year or even multiple times each year in order to protect their financial rating. Significantly higher claims can cause additional premium costs, while long-term profits may produce lower-priced Maine car insurance rates.

To illustrate this point, the data below shows which company has the cheapest car insurance in Maine for a 35-year-old male driver with a clear driving record, no claims, and excellent credit. If we look at prices based on his personal risk profile, Travelers might quote the lowest car insurance rates in Maine at $630 per year. This is $414 less than the average premium paid by Maine drivers of $1,044. USAA, Countryway Insurance, Vermont Mutual, and Patriot are the remainder of the most affordable Maine auto insurance companies.

In this next rate comparison, we will give the driver from the first set of rates an accident surcharge, slightly worse credit, and an imperfect driving record. Since each insurance company has a different formula for determining rates, comparing prices may result in a substantially altered list of the cheapest car insurance companies in Maine as shown below.

MetLife now has the best price in Maine with Concord, OneBeacon, MMG Insurance, and USAA also having competitive pricing. This example illustrates why Maine drivers need to compare many different companies when trying to get the most budget-friendly car insurance rates for drivers requiring a SR22. Car insurance prices can be determined by many things and can change substantially, so the most economical option the last time you compared rates may now be quite expensive.

Ideas for finding budget-friendly car insurance for drivers requiring a SR22

It’s not impossible to find cheaper rates, and here are some of the better money-saving solutions that can help Maine drivers locate cheaper auto insurance.

• Improve your credit score
• Raise your physical damage coverage deductibles
• Serious violations like DUI or reckless driving can increase rates dramatically
• Being accident-free can lower rates significantly
• Choose a safer vehicle and pay lower rates
• Compare rates regularly to ensure the best deal

The last tip is notably vital, as we pointed out in this piece. Insurance rates in Maine fluctuate considerably, so don’t be tentative to switch carriers if you find a cheaper price. Having a favorite company is fine, but we do not recommend it if that dedication is costing a lot of money. Now is a great time to shop around to find cheaper auto insurance for drivers requiring a SR22.

Best cheap insurance quotes for high risk drivers

There are many ways to comparison shop for car insurance in Maine, but the most popular methods are from an exclusive agency such as Liberty Mutual or Allstate, an independent or non-exclusive agent, or from a direct company like Geico or Progressive.

You can use whichever you prefer, but they differ in how they price policies.

Independent insurance agencies work with multiple companies and can quote your policy with each one. Independent agents are able to give you more rate choices, which may give you the best chance of finding a lower price. If your agent finds better pricing, it’s simple to move the policy and you stay with the same agent.

An exlusive, or captive, agency is only able to quote rates from one company, for example an Allstate or State Farm agent. Exclusive agents are unable to give you multiple price quotes, so you will not be able to compare their rates to other companies.

Direct car insurance buyers forego the middleman (the agent) and buy direct online or over the phone from a company like Esurance or Progressive. Buying car insurance direct can be a good choice for people who do not need advice for risk management and have knowledge of how car insurance works and possible exclusions.

What is the best method for finding the cheapest car insurance for drivers requiring a SR22 in Maine? We’d like to say buying direct results in the best prices since that prevents the need to pay agent commissions, but unfortunately, that is not always true. An argument could also be made that an independent agency saves the most money since they have more companies to choose from, but that idea is not necessarily true either. And sometimes, exclusive agencies have extremely competitive rates that are well below what direct and independents offer.

Because there is so much variation in car insurance prices, the only real way to ensure the lowest rates is to compare lots of quotes. If time allows, get price quotes from all three to get a good idea who is cheapest. We compiled a list of companies with some of the cheapest online rates that you can click here to view.