How to Get Discounts on Maine Auto Insurance

Lowering your Auto Insurance Premiums – Big Discounts!

Almost all insurance companies provide discounts to drivers they see are "better risks". It’s important to find out which discounts are available from which companies before buying auto insurance. The Maine state law requires every auto insurance company to provide a discount for liabilty, medical payments, and collision coverages for senior citizen drivers (55 and older) who have completed an approved vehicle accident prevention class. Contact the Bureau of Highway Safety for more details regarding these courses and schedules. If the insured was recently involved in an at-fault accident or has a license suspension, the discount may not be applied. These discounts can apply to 3 years after the course completion; a new course is required to continue the discount. Some other common discounts are as follows:

Having Multiple Vehicles: Many insurance companies offer a discount for insuring more than one automobile with the same company. They offer these discounts not only because they want your business but because it is statistically cost effective for them. Studies show that people who insure more than one car have better claims experience. Some of these savings get passed along to you as an incentive to stick with the same company for your insurance needs.

Drivers Ed Courses: Discounts for driver education courses are targeted primarily at younger and older drivers.

Good Student Driver: Studies have shown that drivers who are responsible enough to get good grades, normally a B average or better, are also more responsible as drivers. For this reason, many companies offer a discount.

Vehicle Safety Devices: Safety devices that prevent accidents or help to limit damages can lower your insurance premiums. Some of these devices include air bags, anti-lock brakes, and automatic seat belts.

Antitheft Devices: Antitheft devices or systems that prevent theft or vandalism can lower your claims cost. Many companies offer discounts for devices like alarm systems, LoJack or gps, and VIN etching.

Low Mileage: The fewer miles you drive the less chance you have of getting into an accident. Insurers recognize this fact and generally offer discounts for low mileage drivers. Some insurers also offer discounts for drivers who carpool.

Good Driver Renewal: Some insurers offer discounts to drivers who maintain a good driving record and renew their policy with the same insurer.

Adding Home Insurance: Many auto insurers that offer home insurance will provide a discount on one or both policies if you have both policies with the same company.

Discounts are ways for companies to not only attract customers but compete with other companies and keep business. When you compare your auto insurance quotes, ask about discounts and the amount of savings associated with each discount. While many companies offer the same discounts, they do not all offer the same savings amount. Place your zip code in below to compare auto insurance rates and see which discounts you may be eligible for.