Automobile Insurance Rate Portland Maine ME
Reader’s Question:
I am a full time student in Vermont but I am licensed here in Portland, Maine. I am planning to register my vehicle in Vermont. My question is: What determines my car insurance rate? is it in Michigan where I am licensed or where the vehicle is registered?
Robert
Portland, ME
Your auto insurance rates are determined by a different factors however the location of where the vehicle is registered, driven and kept will determine the car insurance rates more than where you are licensed in.
You will need car insurance for Vermont if that is where the vehicle is registered, so the car insurance rate premium will be based on Vermont car insurance rates and not where you are licensed in, in your case you are licensed in Portland Maine.
The state of Vermont’s financial responsibility law notes that no automobile owner or driver of the car required to be licensed shall drive or allow the operation of the automobile upon the roadways of the state without having in effect a vehicle liability bond or policy in the amounts of at least $25,000.00 for one person up to $50,000.00 per accident and $10,000.00 for property damages in any one accident. Basically It is needed to have bodily injury and property damage liability coverages on your automobile for at least these amounts.
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