Maine Car Insurance
Maine Car insurance is essential for all Maine drivers. While the state mandates minimum coverage, relying solely on these basic limits may not provide adequate protection. Enhancing your policy can offer greater financial security on the road. Visit Jonathan Priest’s website to learn more and get the coverage you should have.
Maine’s Minimum Car Insurance Requirements
In Maine, the law requires the following minimum coverage:
- Bodily Injury Liability: $50,000 per person and $100,000 per accident.
- Property Damage Liability: $25,000 per accident.
- Uninsured/Underinsured Motorist Coverage: $50,000 per person and $100,000 per accident.
- Medical Payments: At least $2,000 per person.
Why Consider Additional Coverage?
- Asset Protection: If you’re at fault in a serious accident, damages can exceed minimum limits. Without sufficient coverage, your personal assets might be at risk.
- Vehicle Repair Costs: Minimum policies don’t cover your own vehicle’s damages. Collision and comprehensive coverage can help pay for repairs or replacement.
- Medical Expenses: Medical payments coverage is limited. Injuries from accidents can lead to high medical bills, potentially surpassing minimum coverage.
- Rising Costs: Repair costs, medical expenses, and legal fees are increasing. What was once sufficient coverage may now fall short.
Evaluating Your Coverage Needs
Maine drivers pay about 27% less than the national average for minimum coverage, with annual costs around $435. Full coverage averages $901 per year, offering broader protection.
Maine Car Insurance
While Maine’s minimum insurance meets legal standards, it may not fully protect you financially. Assess your personal circumstances and consider higher coverage limits to ensure comprehensive protection. Consulting with an insurance professional can help tailor a policy that best suits your needs.