Auto Insurance

What is Car insurance?

What is Car insurance?

Operating a vehicle is associated with certain inherent risks, and it’s crucial to guard against these risks. Practicing safe driving and wearing seat belts can help reduce the chances of a severe accident, but Maine drivers also need car insurance in case something happens.

Car insurance provides drivers with valuable protection if something happens on the road. From accidents and animal strikes, to theft and tree damage, insurance may protect against a range of risks.

Who in maine is required to have auto insurance?

Who in maine is required to have auto insurance?

Everyone who operates a vehicle on public roads in Maine is generally required to have at least minimum levels of auto insurance. Many drivers choose to have more coverage than is required.

The state law typically mandates the following as minimum coverages:

  • $50,000 for each person/$100,000 for each accident in bodily injury coverage
  • $25,000 for each accident in property damage liability coverage
  • $2,000 for each person in medical payments coverage
  • $50,000 for each person/$100,000 for each accident in UM coverage

Accidents can exceed these amounts if there are significant injuries or major damage, especially if multiple vehicles are involved. This is why most drivers choose to get additional protections and higher limits than what the minimums are.

What types of protection do auto insurance policies provide?

Auto policies generally include coverages that together offer a variety of protections. Some of the available coverages typically include:

  • Bodily Injury Coverage: This may cover injuries sustained by individuals outside the insured vehicle.
  • Medical Payments Coverage: This may cover medical costs related to injuries of individuals inside the insured vehicle.
  • Personal Injury Protection (PIP): This may cover medical and other costs related to injuries of individuals inside the insured vehicle.
  • Property Damage Liability Coverage: This may cover damage to other vehicles or property.
  • Collision Coverage: This may cover damage to the insured vehicle resulting from multi-vehicle accidents.
  • Comprehensive Coverage: This may cover damage to the insured vehicle caused by other events.
  • Gap Coverage: This may cover the difference between a vehicle’s actual value and the remaining balance of a lease or loan.
  • Underinsured/Uninsured Motorist Coverage (UM): This may cover accidents caused by drivers without proper insurance.

Drivers who lease or finance their vehicles are often required to have comprehensive, collision and gap coverages in addition to the state-required ones. 

Again, still more protections are broadly recommended. There are many additional coverage options that an insurance agent who specializes in auto policies can help drivers explore.

How can drivers lower their auto insurance costs?

How can drivers lower their auto insurance costs?

There are several ways drivers can save on auto insurance. The most straightforward method is to reduce coverages or lower limits, but this approach isn’t generally recommended as it can leave drivers inadequately protected in the event of an accident. Instead, there are other strategies that can help save money without compromising on protection.

Firstly, many insurance companies offer a range of discounts on their policies. These can include loyalty discounts, new customer discounts, multi-policy discounts, and safe driver discounts, among others.

Secondly, getting quotes from different insurers through an independent insurance agent can make it easy to find the most affordable rates for the required coverages. Independent agents aren’t tied to any single insurance company, allowing them to shop around for the best deals based on rates and discounts.

There is a difference

You may think you want the cheapest insurance you can find, but cheap isn’t everything. You cannot foresee the future to know whether or not you will have an automobile accident. If an unfortunate scenario does come to fruition and you are not adequately covered, having the cheapest insurance could make life more difficult and cost you much more in the long term. Preparation and understanding your insurance needs are the keys to being an educated consumer and protecting yourself, your family, and others.

It is imperative to consider the position you would be in if you should ever be in an accident because you cannot buy insurance or extra coverage after you have an accident. With the expertise of our agents at Darling Insurance Agency, we can help you thoroughly evaluate your situation and ensure that you are well-informed before you make a decision. 

Life also has a way of changing things, both big and small. As a result, it’s essential to review your insurance needs and revise policies as your life necessitates. We’re always here and can assess changes in your life and assist you with changes to your policy to fulfill your coverage needs and maximize your savings.  

Why We're Different

While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you.

After all, there’s no such thing as a one-size-fits-all insurance policy. You need to be educated about the various options available to you and then make an educated decision on what best fits you and your family’s needs.

The best time to understand and know what you have for coverage and deductibles is before an accident.

If you don’t understand insurance, we want to talk to you so we can provide you with the proper information to make that informed decision before that accident. Accidents do happen. Know your coverage beforehand.

Contact us today, and we’ll help you protect what matters most.

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