Maine Car Insurance Quotes

To satisfy the financial responsibility law in Maine, you must buy a minimum coverage of:

• $50,000 for bodily injury or death to one person.
• $100,000 total per accident for bodily injury or death.
• $25,000 for damage to property.

These amounts are usually shown as $50/100/25 on your insurance policy. A combined single limit (for bodily injury and property damage liability) of $125,000 is also acceptable. You cannot register your vehicle without proof that you have this minimum amount of insurance. A minimum of $2,000 for medical payments coverage is also required.

Keep in mind that these minimum amounts may be too low for your situation and you may want to buy more coverage. You should base your decision on what you need to protect your assets from claims that may exceed the minimum amounts. However, remember that as you raise your coverage, your premiums will also increase. The extra cost of higher coverage tends to be relatively low.

One way to have higher limits of liability inexpensively is to purchase a personal umbrella policy. An umbrella policy provides broad liability protection over and above the liability limit of your auto policy. It will also cover some exposure to losses that are not covered by your auto or homeowner's policies. Most umbrella policies require you to have at least $250,000/$500,000 or $300,000 single limit on your auto policy. The umbrella policy or endorsement generally adds an additional $1,000,000 limit.

The minimum amount of uninsured motorists coverage that you must buy is $50,000 per person and $100,000 per accident. It covers your family members, and passengers who are injured while in your car. Uninsured motorists coverage does not cover injuries of the other driver and it does not cover damage to your vehicle.

Maine law requires you to have uninsured motorist coverage equal to the amount of liability that you have on your policy unless you specifically elect to buy uninsured motor vehicle coverage with lower limits of liability for bodily injury or death. You must sign a rejection form provided by the insurance company before the effective date of the policy to reject the equal limits. However, if you decide to request a limit lower than your liability coverage limit, the limit cannot go below the minimum required amount of $50,000 per person and $100,000 per accident.