2007 Mercury Monterey Insurance Cost

If you’re shopping for lower-priced insurance online, are you baffled by the number of insurance companies? Lot’s of other drivers are too. You have such a large number of options that it can be a lot of work to find a more affordable company.

It’s a good habit to do rate comparisons on a regular basis because insurance prices are adjusted regularly by insurance companies. Just because you had the best price on Monterey insurance a year ago you can probably find a lower rate today. Forget all the misinformation about insurance because I’m going to teach you the fastest and easiest way to save on insurance.

Cheapest insurance quotes

To find the best insurance quotes, there are several ways to compare rate quotes from different companies. The fastest way to comparison shop involves getting comparison quotes online. This is very easy and can be done in several different ways.

  • The recommended way consumers can analyze rates is a comparison rater form like this one (opens in new window). This method saves time by eliminating separate quotes for every company. A single, simple form will get you price quotes from many national carriers. This is by far the quickest method.
  • A less efficient way to get comparison quotes requires visiting each company website and fill out a new quote form. For sake of this example, we’ll assume you want to get rates from Allstate, 21st Century and American Family. In order to compare rates, you need to visit each site and repeatedly type in your coverage information, which can get rather old.

    For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but do your best to enter the exact same coverage limits with every price quote. If each company quotes different coverage information it will be next to impossible to get a fair rate comparison. Even a minor difference in limits may result in a large different in cost. Just remember that getting more free quotes helps improve the odds of finding more affordable insurance. Not every company allows you to get price estimates online, so it’s recommended that you also compare prices from the smaller companies as well.

Lower rates by qualifying for discounts

Companies that sell car insurance don’t necessarily list all disounts very well, so here is a list some of the best known as well as some of the hidden credits available to lower your premiums when you buy auto insurance online.

  • Passive Restraints – Cars that have air bags or automatic seat belts may earn rate discounts of up to 25% or more.
  • Senior Citizen Discount – Seniors could receive reduced rates on Monterey insurance.
  • Payment Discounts – By paying your policy upfront rather than paying in monthly installments you can actually save on your bill.
  • Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to fasten their seat belts can save up to 10 percent (depending on the company) off the personal injury premium cost.
  • Government Employees – Having worked for a branch of the government could qualify for a slight premium decrease on Monterey insurance with a few car insurance companies.
  • Discount for Life Insurance – Companies who offer life insurance give lower premium rates if you buy life insurance.
  • Lower Rates for Military – Being on active deployment in the military could be rewarded with lower rates.
  • Discounts for Responsible Drivers – Safe drivers could pay up to 40% less on Monterey insurance compared to accident prone drivers.

We need to note that most of the big mark downs will not be given to the overall cost of the policy. Most cut specific coverage prices like comp or med pay. Just because you may think you could get a free car insurance policy, it doesn’t quite work that way.

To find car insurance companies that offer the discounts shown above, follow this link.

Insurance is unique, just like you

When buying proper insurance coverage for your vehicles, there is no best way to insure your cars. Every situation is different.

These are some specific questions may help highlight if you will benefit from professional help.

  • Do I really need UM/UIM coverage?
  • Is my trailer covered?
  • Should I bundle my homeowners policy with my auto?
  • Is upholstery damage covered by car insurance?
  • Are rental cars covered under my policy?
  • Should I waive the damage coverage when renting a car?
  • Does coverage extend to Mexico or Canada?
  • Does my policy cover me when driving someone else’s vehicle?

If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form.

What impacts Mercury Monterey insurance prices?

Many things are used in the calculation when pricing auto insurance. Some of the criteria are obvious like your driving record, although some other factors are more transparent such as your marital status and annual miles driven.An important part of buying insurance is that you know some of the elements that aid in calculating your premiums. When you understand what determines premiums, this helps enable you to make changes that could result in cheaper rates.

The list below includes a few of the “ingredients” used by companies to determine rates.

  • Why do you need liability? – Liability coverage will provide protection when you are responsible for causing damage or personal injury in an accident. It provides you with a defense in court to defend your case. Liability insurance is pretty cheap compared to other policy coverages, so buy as much as you can afford.
  • Claims cost money – Car insurance companies give better rates to policyholders who do not rely on their insurance for small claims. If you’re an insured who likes to file claims you can look forward to either a policy non-renewal or much higher rates. Your insurance policy is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Discounts for auto and home policies – Most larger insurers afford lower prices to insureds who buy several policies from them in the form of a multi-policy discount. The discount can add up to ten or even fifteen percent. Even with this discount, drivers will still want to compare other insurance prices to make sure you are getting the best deal.
  • Better drivers have lower costs – Your driving record influences premium rates substantially. Good drivers get better rates as compared to those with violations. Having just one ticket can increase the cost of insurance twenty percent or more. People who have dangerous citations such as reckless driving, hit and run or driving under the influence may find that they have to to file a proof of financial responsibility form (SR-22) with their state in order to prevent a license revocation.
  • Gender as a rate factor – Over time, data shows females are less aggressive when driving. Now that doesn’t mean females are better drivers. Both genders cause auto accidents at about the same rate, but the males have costlier accidents. Men also statistically receive more major tickets like DUI and reckless driving.

Specific coverages for a 2007 Mercury Monterey

Knowing the specifics of a car insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Liability car insurance

Liability coverage can cover damage that occurs to a person or their property. This insurance protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things such as bail bonds, repair costs for stationary objects, loss of income and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your 2007 Mercury Monterey.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is very important.

Comprehensive insurance

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as vandalism, a broken windshield, rock chips in glass, hail damage and theft. The maximum amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for expenses for X-ray expenses, rehabilitation expenses and hospital visits. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Collision protection

Collision insurance will pay to fix damage to your Monterey resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like hitting a mailbox, colliding with a tree, damaging your car on a curb and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Shop around and save

You just read many ideas to save on 2007 Mercury Monterey insurance. The key thing to remember is the more rate quotes you have, the better your comparison will be. You may even discover the lowest prices are with some of the lesser-known companies.

As you go through the steps to switch your coverage, make sure you don’t reduce coverage to reduce premium. Too many times, someone sacrificed liability coverage limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at the best price, but don’t skip important coverages to save money.

Some companies may not have the ability to get a quote online smaller companies prefer to sell through independent agents. Low-cost 2007 Mercury Monterey insurance can be found on the web as well as from insurance agents, so you should be comparing quotes from both so you have a total pricing picture.

Much more information about insurance coverage can be found at the links below