In the event of a Maine car accident, your vehicle may endure serious property damage. To avoid paying significant out-of-pocket costs, it is important to protect yourself with auto insurance. In addition to purchasing auto insurance, you should learn more about Maine’s insurance laws to make sure you have adequate coverage in every situation you may encounter.
What Types of Auto Insurance Do You Have to Buy in Maine?
Under Maine’s insurance laws, anyone who owns or operates a vehicle in the state must carry minimum policy amounts for several types of insurance. These coverage limits do not represent the amount you pay upfront. Rather, the limits are the maximum amount your insurance company will pay in the event of an accident. Specifically, drivers must carry liability insurance, medical payments coverage, and uninsured/underinsured motorist coverage. If you are at fault for an accident, liability insurance will pay for another person’s injuries and property damage resulting from the crash. Under Maine law, drivers must carry $50,000 per person/$100,000 per accident for bodily injury liability, as well as $25,000 for property damage. Additionally, medical payments cover your medical expenses and your passengers’ medical expenses in the event of an auto accident. The law requires Maine drivers to purchase at least $2,000 per person in medical payments coverage. Drivers can also purchase $5,000, $10,000, and $25,000 coverage limits without a significant bump in cost.