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What is the state requirement for auto insurance in Maine?
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Here's the minimum coverage you need to comply with the Maine auto insurance laws.
However, from a financial standpoint, you might be setting yourself up for disaster. If you're at fault in a serious accident, these amounts and types of car insurance coverage may not be enough to shield you from financial harm. Most financial experts recommend having much more protection than what's required in Maine.
Instead of skimping on your coverage, it's better to shop around and try to lower your costs by finding insurers with the best rates and coverages. Some Web sites allow you to compare multiple providers at once, which saves a lot of time and effort.
And, the short time you spend doing this could save you from a lot of heartache later.
ME Car Insurance Requirements
- Bodily injury liability insurance: $50,000 per person, up to $100,000 per accident.
- Property damage liability insurance: $25,000.
- Uninsured/underinsured motorist bodily injury insurance: $50,000 per person, up to $100,000 per accident.
- Medical payments: $1000.
Getting More Than Minimum Auto Insurance
You might think you're safe if you simply obtain the minimum coverage limits. And, from a legal standpoint, you will be.However, from a financial standpoint, you might be setting yourself up for disaster. If you're at fault in a serious accident, these amounts and types of car insurance coverage may not be enough to shield you from financial harm. Most financial experts recommend having much more protection than what's required in Maine.
Instead of skimping on your coverage, it's better to shop around and try to lower your costs by finding insurers with the best rates and coverages. Some Web sites allow you to compare multiple providers at once, which saves a lot of time and effort.
And, the short time you spend doing this could save you from a lot of heartache later.
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