2007 Mercury Montego Insurance Rates

Want cheaper insurance rates for your Mercury Montego? If you are new to online insurance, by this point your are probably confused by the vast assortment of online companies all offering big savings.

It’s a good idea to compare prices periodically due to the fact that insurance rates change quite often. If you had the best rate on Montego coverage on your last policy a different company probably has better prices today. Block out anything you think you know about insurance because you’re going to get a crash course in one of the best ways to properly buy coverages and cut your premium.

Buying cheaper coverage is easy if you know what you’re doing. Essentially anyone who is shopping for insurance coverage should be able to cut their insurance bill. But drivers can benefit from knowing how big insurance companies market insurance on the web.

You may qualify for discounts

Car insurance is neither fun to buy or cheap, but there’s a good chance there are discounts that could help you make your next renewal payment. Many of these discounts will be applied automatically when you purchase, but less common discounts must be specifically requested before they will apply.

  • Senior Citizen Rates – Mature drivers can possibly qualify for better car insurance rates on Montego coverage.
  • Save with a New Car – Insuring a new car can save you some money since newer models are generally safer.
  • Student in College – College-age children living away from home attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Pay Now and Pay Less – By paying your entire bill at once instead of paying each month you can avoid the installment charge.
  • Bundled Policy Discount – If you can combine your auto and home policy and insure them both with the same insurance company you will save as much as 10 to 15 percent.
  • Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education as it can save substantially.
  • One Accident Forgiven – This isn’t a discount exactly, but certain companies permit an accident before they charge you more for coverage if your claims history is clear prior to the accident.
  • Military Rewards – Being deployed with a military unit could qualify you for better premium rates.
  • Responsible Drivers – Drivers who avoid accidents may receive a discount up to 45% on Montego coverage compared to accident prone drivers.
  • Student Discounts – Maintaining excellent grades may save you up to 25%. This discount can apply well after school through age 25.

As a sidenote, most discount credits are not given to the entire cost. Most cut individual premiums such as liability, collision or medical payments. Despite the fact that it seems like you would end up receiving a 100% discount, it just doesn’t work that way. Any qualifying discounts will help lower your premiums.

A partial list of companies that may include most of the discounts above include:

When comparing rates, check with each insurance company which discounts you may be entitled to. Depending on the company, some discounts might not be available to policyholders in your state. If you would like to choose from a list of providers that offer multiple discounts, click here.

How insurers determine Mercury Montego insurance prices

An important part of buying insurance is that you know a few of the rating criteria that come into play when calculating insurance rates. When consumers understand what influences your rates, this enables informed choices that will entitle you to lower rates.

The list below includes a few of the “ingredients” that factor into your premiums.

  • Discounts for married drivers – Having a spouse may cut your premiums compared to being single. It means you’re more financially stable and statistics show drivers who are married are more cautious.
  • Rural vs Urban Areas – Living in areas with lower population has it’s advantages when it comes to insurance. Lower population means a lower chance of having an accident in addition to fewer liability claims. Residents of big cities tend to have more road rage incidents and more time behind the wheel. Spending more time driving translates into higher accident risk.
  • Lower annual miles equals lower premium – The more you drive your Mercury in a year the higher your rates will be. A lot of insurance companies price each vehicle’s coverage based upon how you use the vehicle. Cars used primarily for pleasure use qualify for better rates than those used for commuting. Ask your agent if your insurance coverage states the correct usage, because improper ratings can cost you money. An improperly rated Montego may be costing you.
  • Liability risk factors in – The liability coverage on your policy provides coverage when you are responsible for physical damage or personal injury to other. Your liability coverage provides legal defense coverage to attempt to prove you were not liable. Liability insurance is quite affordable compared to comp and collision, so drivers should make sure they buy enough to cover all assets.

There’s no such thing as the perfect auto insurance policy

When it comes to choosing adequate coverage, there isn’t really a “best” method to buy coverage. Everyone’s needs are different.

For instance, these questions can aid in determining if you would benefit from professional advice.

  • Does liability extend to a camper or trailer?
  • When should my teen driver be added to my policy?
  • How can I find cheaper teen driver insurance?
  • How high should deductibles be on a 2007 Mercury Montego?
  • Am I covered if hit by an uninsured driver?
  • Is my 2007 Mercury Montego covered for flood damage?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.

Learn about insurance coverages for a Mercury Montego

Understanding the coverages of your policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Collision insurance

This covers damage to your Montego resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as backing into a parked car, rolling your car, crashing into a ditch and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also bump up the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your Mercury Montego.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as falling objects, a tree branch falling on your vehicle, theft and damage from getting keyed. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses like chiropractic care, pain medications and ambulance fees. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Liability car insurance

Liability coverage provides protection from damage that occurs to people or other property. This insurance protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers claims like funeral expenses, repair costs for stationary objects, repair bills for other people’s vehicles and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

More comparisons equals lower rates

Consumers who switch companies do it for many reasons like an unsatisfactory settlement offer, policy non-renewal, high rates after DUI convictions or even questionable increases in premium. It doesn’t matter why you want to switch switching companies is not as hard as you think.

Cost effective 2007 Mercury Montego insurance is definitely available online and from local insurance agents, so you should be comparing quotes from both to have the best rate selection. Some insurance providers may not offer rates over the internet and these regional insurance providers prefer to sell through independent insurance agents.

We covered some good ideas how to lower your 2007 Mercury Montego insurance rates. The most important thing to understand is the more companies you get car insurance rates for, the higher your chance of finding the cheapest insurance. You may even find the lowest rates come from a lesser-known regional company.

Much more information about insurance coverage can be found at these links: