No normal person rejoices having to buy auto insurance, particularly when the price is too high. Multiple insurance companies compete for your insurance dollar, so it can be very hard to choose a company and get the definite lowest rate
You need to quote other rates on a regular basis since insurance rates are variable and change quite frequently. Even if you got the best rate on Mountaineer insurance six months ago there may be better deals available now. Block out anything you think you know about auto insurance because I’m going to let you in on the secrets to the only way to get good coverage at a lower rate.
The best way to find cheaper insurance is to take a look at the different types of things that go into determining your policy premiums. If you know what positively or negatively impacts your premiums, this helps enable you to make changes that may reward you with lower premium levels. Multiple criteria are part of the calculation when pricing auto insurance. Some are pretty understandable such as your driving record, but other criteria are not as apparent such as your marital status or your commute time.
The following are some of the major factors used by companies to determine your prices.
There are a variety of methods you can shop for insurance coverage but one way is easier and takes less work. You can waste hours driving to agents in your area, or you could save time and use online quoting to get prices fast.
Most major companies belong to a marketplace where insurance shoppers submit one quote, and each participating company can provide price quotes based on that information. This eliminates the need for quote requests to each individual insurance coverage company. To access this free quoting program, click here to start a free quote.
One minor caviat to using this type of system is you are unable to specify which companies you want pricing from. If you prefer to choose individual companies to request quotes from, we have a page of companies who write insurance coverage in your area. Click here to view list.
Whichever way you choose to compare rates, make sure you use nearly identical information on every quote. If each company quotes different data then you won’t be able to find the best deal for your Mercury Mountaineer.
Consumers can’t get away from all the ads that promise big savings from the likes of State Farm, GEICO and Progressive. All the companies make the same claim about how much you will save if you just switch your insurance coverage to their company.
How does every company sell you cheaper insurance coverage? It’s all in the numbers.
Insurance companies have an ideal profile for the type of customer that will add to their bottom line. A good example of a preferred risk should be over age 30, has no driving citations, and drives newer vehicles. Any customer who matches those parameters will probably get cheap car insurance rates and most likely will cut their rates substantially.
Potential insureds who don’t meet the “perfect” profile will be quoted higher prices and this can result in the customer not buying. If you pay close attention to the ads, they say “drivers that switch” but not “everyone who gets a quote” will save that much if they switch. That is how companies can make it sound like they have such great premium rates. Because of these techniques, you absolutely need to compare many company’s premium rates. Because without a comparison, you cannot know with any certainty which company will have the best car insurance rates for your profile.
Companies don’t always list every policy discount very well, so we took the time to find a few of the more common and also the more inconspicuous credits available to you.
A quick disclaimer, most of the big mark downs will not be given to the overall cost of the policy. Most only reduce individual premiums such as comp or med pay. Just because you may think you can get free auto insurance, it’s just not the way it works.
To locate companies that offer discounts, click here to view.
When it comes to buying proper insurance coverage, there is no perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that might help in determining if your insurance needs could use an agent’s help.
If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Learning about specific coverages of your policy can help you determine the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are typical coverage types found on the average car insurance policy.
Collision coverage – Collision coverage will pay to fix damage to your Mountaineer resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims like crashing into a building, colliding with a tree and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.
Auto liability insurance – This coverage will cover damage that occurs to people or other property by causing an accident. It protects you from claims by other people. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.
Liability can pay for claims like legal defense fees, court costs and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for rehabilitation expenses, nursing services and prosthetic devices. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as damage to your Mercury Mountaineer.
Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Comprehensive coverage (or Other than Collision) – This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims such as rock chips in glass, hitting a bird, vandalism and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
When buying insurance coverage, never buy poor coverage just to save money. In many cases, drivers have reduced comprehensive coverage or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your aim should be to buy the best coverage you can find at the best cost, but do not skimp to save money.
In this article, we covered a lot of techniques to shop for 2002 Mercury Mountaineer insurance online. It’s most important to understand that the more companies you get prices for, the more likely it is that you will get a better rate. You may even discover the best price on insurance is with a lesser-known regional company. These companies may often insure only within specific states and give getter rates than their larger competitors like Allstate or State Farm.
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