Full Coverage Car Insurance — Maine
Full coverage car insurance is not a single policy type — it's a term insurers use to describe a package combining liability, collision, and comprehensive coverage.
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What Is Full Coverage Car Insurance Insurance?
Full coverage combines three distinct coverage types into one policy: liability insurance (required by Maine law), collision coverage (pays for damage to your car in an accident regardless of fault), and comprehensive coverage (pays for non-collision damage like theft, vandalism, or hitting a deer). Each coverage has its own deductible, limit, and claims process. The term 'full coverage' appears nowhere in Maine insurance law — it's industry shorthand for a complete protection package that satisfies lender requirements and covers most damage scenarios.
Who Needs Full Coverage Car Insurance Insurance?
Full coverage is necessary if you have a car loan or lease — your lender will require it in the financing agreement. Drivers in rural Maine with high wildlife collision risk and those who park on the street in Portland or Bangor benefit from comprehensive coverage even on older vehicles.
Calculate your car's actual cash value using Kelley Blue Book or a similar tool. Add up one year of collision and comprehensive premiums, including deductibles. If the annual cost exceeds 10 percent of your car's value, consider dropping physical damage coverage and banking the premium savings. If you cannot afford to replace the car tomorrow, keep full coverage regardless of age.
How Much Does Full Coverage Car Insurance Insurance Cost?
- Driving record — at-fault accidents in the past three years increase collision premiums more than comprehensive premiums because collision covers crash risk.
- Location within Maine — Portland and Bangor have higher collision rates than rural counties, while rural areas see more comprehensive claims from wildlife and weather.
- Credit-based insurance score — Maine allows insurers to use credit history in pricing, and full coverage premiums are more sensitive to credit scores than liability-only policies.
- Annual mileage — drivers logging over 15,000 miles per year face higher collision premiums due to increased exposure to accidents.
