Maine Insurance

Being able to successfully own and operate your own small business is an incredible accomplishment, but it also comes with a great deal of responsibility, including purchasing insurance. In fact, the lack of affordable insurance rates for those who are self-employed is a major reason that many people choose not to branch out on their own in the business world. So, is there a cheaper alternative to individual health insurance for self-employed workers?

In many states, including Maine, affordable insurance plans are available through group healthcare policies for groups of one. While it may take some extra effort on your part to find a Maine insurance company that offers state compliant group policies, the benefits are well worth it. When shopping around for Maine insurance quotes and insurance rates, it’s also important to look for companies that will cover everyone in your group regardless of medical conditions. 

Cheaper insurance in Maine for those who work for themselves can also be obtained through a health insurance cooperative plan. This type of insurance in Maine also incorporates a group policy. However, it’s usually with other self-employed workers and small business owners that typically come together for the purpose of combining their “buying power” in order to lock in more affordable insurance rates and premiums.

Maine also has above average rates on home insurance, life insurance and auto insurance rates compared to states nationwide. If you are looking to find affordable insurance, it’s best to shop around with multiple quotes before any purchase.