Looking for lower auto insurance rates for your Mercury Mountaineer? Did budget coverage turn out to be overpriced auto insurance? Believe me, many consumers feel financially strained by their auto insurance policy.
Many car insurance companies vie for your insurance dollar, so it’s not easy to compare every insurance company to discover the definitive cheapest price
If you are paying for car insurance now, you will most likely be able to cut costs considerably using these tips. Finding affordable coverage is easy if you know what you’re doing. But drivers must comprehend the methods companies use to price insurance differently and apply this information to your search.
Part of the insurance buying process is learning the different types of things that go into determining your policy premiums. When you understand what impacts premium levels, this enables you to make decisions that may result in lower insurance prices. Multiple criteria are used in the calculation when you get your auto insurance bill. Most are fairly basic like an MVR report, although some other factors are more obscure such as your credit history and annual miles driven.
Some companies don’t list every discount in a way that’s easy to find, so below is a list a few of the more well known and the harder-to-find credits available to lower your premiums when you buy insurance coverage online.
It’s important to understand that most discount credits are not given to the entire cost. The majority will only reduce specific coverage prices like comp or med pay. If you do the math and it seems like all the discounts add up to a free policy, you’re out of luck.
A few popular companies and a summarized list of policyholder discounts are shown below.
When quoting, ask every company to apply every possible discount. Savings may not be offered in every state. To locate insurers with the best auto insurance discounts, follow this link.
When choosing coverage, there really is not a one size fits all plan. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that may help you determine whether you might need an agent’s assistance.
If you can’t answer these questions, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.
Knowing the specifics of car insurance can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages found on most car insurance policies.
Liability coverage
Liability coverage protects you from damage or injury you incur to other’s property or people. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.
Liability can pay for things like repair costs for stationary objects, attorney fees, funeral expenses and loss of income. The amount of liability coverage you purchase is your choice, but you should buy as high a limit as you can afford.
Comprehensive insurance
This covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as rock chips in glass, hail damage, theft, a tree branch falling on your vehicle and damage from flooding. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Uninsured/Underinsured Motorist (UM/UIM)
This provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.
Because many people only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these coverages are set the same as your liablity limits.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance provide coverage for bills like X-ray expenses, ambulance fees and rehabilitation expenses. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay
Collision insurance
Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage protects against claims like sustaining damage from a pot hole, backing into a parked car, scraping a guard rail and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.
The cheapest 2010 Mercury Mountaineer insurance can be found on the web and with local insurance agents, and you need to price shop both to have the best selection. Some insurance companies may not offer internet price quotes and these small, regional companies work with independent insurance agents.
As you go through the steps to switch your coverage, make sure you don’t skimp on critical coverages to save a buck or two. In many instances, drivers have reduced liability limits or collision coverage only to find out that it was a big mistake. Your goal should be to buy enough coverage at a price you can afford.