If you are riding one on the public road and a car swerves to avoid you and gets into an accident you could be held liable. If you don’t have insurance the driver or her insurance company could come after your salary, your property or your bank accounts.
Different insurance companies gave the same driver quotes that varied by several hundred dollars for the exact same insurance, the study found. The lowest quote for insurance uncovered by the survey was often less than half the amount of the highest quote.
The real key to Maine’s low auto insurance rates is the state’s laws. The major law that keeps auto insurance costs low in Maine is one limiting liability, or the amount that motorists and insurance companies have to pay out in case of an accident. Maine is actually one of the few states that impose serious limits on accident liability.
What’s going on here? Why are country folk paying higher car insurance rates? The answer comes in the way that insurance rates are set. Some of the criteria that insurers use to calculate rates are stacked against rural residents.