UPDATED: Mar 13, 2020
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Cheap Car Insurance in South Portland, ME
Are you looking for cheapest auto insurance in South Portland, Maine? At AutoInsuranceEZ.com, you could find the cheapest insurance rates close to you. To get free car insurance quotes from the very best providers today, enter your zip code into the quote box on this page.
South Portland is the 4th largest city in Maine and a major hub for industries and retail establishments in the state. The historical military fort, Fort Preble, began operations in 1808 in order to protect Portland Harbor, an essential port for travel and commerce. Although it was an active military institution for many years, it is now home to the Southern Maine Community College.
- Fun fact: Did you know that South Portland is also home to Rigby Yard, the biggest railroad yard in all of the New England area?
Auto Insurance Coverage Requirements in Maine
Driving legally in South Portland requires:
|Bodily Injury Liability||50,000/100,000||100,000/300,000|
|Property Damage Liability||25,000||50,000|
|Uninsured Motorist Bodily Injury||50,000/100,000||100,000/300,000|
|Collision||Not required||500 deductible|
|Comprehensive||Not required||100 deductible|
Maine requirements are higher than most states, which usually only require that you purchase a low amount of Liability coverage. But these laws are in place to help protect you from other uninsured motorists, as well as medical bills resulting from an accident.
Average monthly insurance payments for Maine drivers are actually pretty low – only about $80 per month – compared to the rest of the country. But for South Portland drivers, that number can be even lower. Try driving around, legally, for as little as $33/mo*!
Liberty Mutual, Concord, and State Farm are offering some great rates in your area, according to our data findings. But don’t be seduced by a low monthly premium. The quality of customer service and claims processing is just as important as saving money.
Auto insurance carriers evaluate numerous elements when determining insurance quotes, including driving experience, zip code, credit score/rating, years of driving experience, and multiple cars and drivers. In addition, premiums differ from carrier to carrier. To verify you’re still getting the most favorable rate, compare cheap South Portland auto insurance quotes online.
Major Car Insurance Factors in South Portland
There is a range of various items which may factor into the rate quotes you obtain. Even though many of these details aren’t actually something you can do something about, a few of them are variables which you can change for the better. Here are some things which can alter your car insurance premium:
Your Zip Code
Your car insurance rates may vary according to where you call home. Usually, highly populated urban centers have higher auto insurance rates because the additional number of drivers on the highway increases the chance of an accident! The population of South Portland is 25,255 and the median household income is $50,374.
Any area with a high rate of accidents, especially deadly ones, is going to suffer from higher insurance premiums also. Thankfully, as you can see in the chart, the rate of fatal accidents in South Portland is very, very low. Which means you’re probably already paying less for insurance than other Maine motorists.
Auto Thefts in South Portland
Auto theft is a major problem, especially in densely populated cities. If your location and/or vehicle model put you at a greater risk for theft, you may have trouble finding low-cost car insurance. The total number of stolen vehicles in South Portland was only 26 in 2013. Below, we’ll discuss raising deductibles in order to save money; this is especially helpful for reducing the cost of expensive Comprehensive coverage, which is the only coverage which pays for auto theft claims.
Your Credit Score
Have you checked your credit score lately? Well, you should. Your auto insurance company definitely is. Take a look at the chart below. Notice how monthly rates climb substantially the lower your credit score gets.
As you can see from the chart, older drivers get to benefit from having years of experience behind the wheel by paying lower monthly rates. But if you’re a young driver, don’t worry. There are great education-related discounts, especially for students who get good grades and take driving courses.
Your Driving Record
Having a pristine driving record will, of course, get you the lowest rates around town. But not all drivers are perfect, and insurance companies are beginning to understand this. That’s why Accident Forgiveness discounts are becoming more popular among providers.
Take a look at the chart below. That spike in monthly premiums isn’t just from driving a more expensive car. It’s mostly from the fact that such a vehicle requires more types of coverage, and in larger amounts, than your typical compact sedan. And extra insurance costs money.
Minor Car Insurance Factors in South Portland
Guess what? There are many other factors which might change the final number on your car insurance bill. And those include:
Your Marital Status
Ever heard of “bundling” discounts? It’s how you save money by taking out multiple insurance policies (or “bundling”) with the same company. In truth, single people can benefit from bundling, too – but married people have twice as many policies to bundle, for almost twice the savings!
Insurance companies aren’t interested in stereotypes. They want cold, hard data. And their data shows that there’s no good reason to charge men and women different monthly premiums based on gender alone. That’s why many companies are moving away from such a practice.
Your Driving Distance to Work
The typical commute to work can last anywhere from 17-23 minutes if you live and work in South Portland. Close to 80% of motorists prefer to drive their own car alone when they travel to and from work, while the number of carpoolers varies between 7-11%.
You can save money in general by limiting your mileage, especially since you’re buying less gas and spending less on vehicle maintenance. But driving fewer miles, or only driving for work, really won’t save you more than a few dollars per month on insurance. Registering a business vehicle, though, could raise your premiums by more than 10%.
Your Coverage and Deductibles
Raising your deductible on such items as Collision or Comprehensive insurance is a great way to lower your monthly rate. However, if the worst happens and you need to report a claim, it’s also a great way to find yourself with a massive insurance bill. Make sure you put a little money aside, just in case.
Education in South Portland, ME
While nearly one-third of citizens in South Portland have a high school diploma, the city also has a high number of well-educated drivers with bachelor’s degrees. Having advanced degree can do more for your insurance discounts than having a better job or higher salary; it can also save you money on your policy!
Residents of South Portland have a good number of public and private choices when it comes to higher education. Both the New England Bible College and the Husson University-South Portland Campus are private universities offering a variety of bachelor’s and graduate degrees to prospective students. The Southern Marine Community College educates over 6,000 students and is also the historical site of Fort Preble.
Finding reasonably priced auto insurance can be a hassle. There’s lots of information you need to consider, and determining how insurance companies evaluate your potential risk can be complicated. But don’t let the wrong insurance company talk you into buying the wrong policy.
How We Conducted Our Car Insurance Analysis
*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.