Learn more about the pros and cons of temporary auto insurance in Maine.
If you're looking for a creative approach to car insurance, you could be interested in a temporary car insurance policy. However, short-term auto insurance contracts are uncommon for multiple reasons.
Some major insurance underwriters don’t offer policy terms for fewer than six months. Since auto coverage is compulsory in every state but one, swapping policies often can be risky. You also risk having gaps in your record by changing policies often, leading to more expensive prices down the road.
Thankfully, auto insurance policies usually run for just six months. This short duration allows car insurance companies to re-rate — or re-price — your premium using your updated driving history and personal info.
The end of a policy period also provides a perfect opportunity to reset your policy and considering other insurers. Comparing rates online is quick and complimentary, and there is no penalty for switching auto insurance companies at the start of a new policy — or even in the middle of your policy term, as long as you don't let your insurance lapse.
Car insurance's flexible nature makes it easy to buy quickly. If you need an insurance policy to drive a new vehicle off the lot, shopping for a policy for a relatively long-term rental or searching for coverage for a car you don't own but drive regularly, consider purchasing a half-year policy and ending the term as needed.
See below average car insurance rates in Maine, ordered by major auto insurance companies and major cities. If you’re paying substantially more than the rates listed below, consider other options.
|Insurance Company||Average 6-Month Rate||Average Monthly Rate|
|Maine State Average — All Companies||$468||$78|
|Concord Group Insurance||$489||$81|
The most affordable option for temporary auto insurance in Maine is USAA, through which you can save $11 per month, compared to the next-cheapest company, Concord Group Insurance. In Maine, the average monthly cost of auto insurance is $78, or $468 over a biannual term.
Where you store your car has a major effect on your auto insurance rates. Car insurance companies take into account the frequency of claims in a given area when pricing policies by ZIP code. View insurance prices in the biggest cities in Maine and compare them to the amount you’re paying.
|City||Average 6-Month Rate||Average Monthly Rate|
Because of the myriad factors involved in setting insurance rates, your quotes may not match the totals displayed above. If your current rates exceed those listed above, take the time to shop around. The short-term timetable of an auto insurance agreement enhances the importance of remaining informed and ready to shop.