The state of Maine has fixed very high minimum liability. Many states have made auto insurance mandatory and fixed a minimum liability that everyone must be insured for. This is to ensure that every driver will have enough finances to pay for damages caused during an accident.
The minimum liability in the state of Maine is fixed at fifty thousand dollars per person for bodily injury and a hundred thousand dollars in total for bodily injury. It also includes twenty five thousand dollars for property damage. The state of Maine has also made uninsured motorist’s coverage mandatory. This policy helps a person when he is involved in an accident caused by a person not insured. It is also mandatory to have medical costs coverage for thousand dollars.
This is a lot of insurance. It will cost a lot of money. However, as a citizen of Maine it is also mandatory. Getting insurance can be made cheaper. There are many discounts offered by companies. You can research for these companies carefully and see whether you can get any of these. This article mentions some such discounts commonly used.
Research and choose your vendor. You can save a lot of money this way. Many vendors offer unwanted insurance coverage policies at a high rate. Choose only the policies you need and opt for the vendor who charges the least for it. If you have a student in your household and his grades are good, you can get a good student discount. This will not only help you save some money, it will give some incentive to the student to keep those grades high.
Many homes in America have more than one car. You can get auto insurance for all the cars with the same vendor. This is bound to get you some discount. You can also choose to get different kinds of insurances form the same vendor. If you choose to buy health and auto insurance from the same company, they are bound to give you a discount. Buying different insurance policies together will also help you plan your finances better. A good health insurance will ensure you do not have to spend a lot of money on medical coverage on your auto insurance ensuring you get a discount and save money too.
You can also visit the classes organised by the DMV for education of drivers. These classes cost you a very small amount but the money you save on your insurance premium is a lot more. You can save a lot of money by raising the deductibles on your vehicle’s physical damage policy. This might mean you will have to pay a large amount as your deductible but it will be easy with all the money you save. Another popular discount is the safety features discounts. Load your car with various safety features such as automatic seat belts and air bags. This means your car is very safe and will ensure you get a discount. Anti theft devices also ensure your car is safe and is low risk. Hence you can get the security discount.