Cheap 2007 Mercury Monterey Insurance Quotes

Paying for overpriced Mercury Monterey insurance can bottom out your bank account and put the squeeze on your family’s finances. Big-name insurance companies like Allstate and Progressive constantly bombard you with ad campaigns and it can be hard to see past the corporate glitz and take the time to shop coverage around.

How to shop insurance online

There are a variety of methods to shop for insurance, but some are less labor-intensive and much quicker. You can waste hours talking about coverages with insurance agencies in your area, or you can utilize the internet to get prices fast.

Most car insurance companies belong to an insurance system where prospective buyers send in one quote, and each company returns a competitive quote based on that data. This eliminates the need for form submissions for each company.

To find out how much you’re overpaying now click here (opens in new window).

The only drawback to pricing coverage this way is you cannot specify the companies you want pricing from. So if you want to choose from a list of companies to compare prices, we have a page of insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but ensure you are comparing identical information with each company. If each company quotes different deductibles then you won’t be able to determine the lowest rate for your Mercury Monterey.

More discounts mean lower-cost premiums

Some insurance providers don’t always publicize the entire discount list very well, so we took the time to find a few of the more common as well as the least known discounts that may be available.

• E-sign – A handful of companies may give you up to $50 just for signing your application on their website.
• Anti-theft System – Vehicles that have factory alarm systems and tracking devices are stolen less frequently so companies will give you a small discount.
• Early Switch Discount – Some insurance companies give discounts for buying a new policy early. It can save you around 10%.
• Pay Early and Save – If you can afford to pay the entire bill instead of paying each month you can avoid monthly service charges.
• Multi-car Discount – Insuring multiple cars or trucks with the same insurance coverage company can get a discount for every vehicle.
• Discounts for Federal Employees – Having worked for a branch of the government can save as much as 8% for Monterey insurance with a few insurance coverage companies.
• New Vehicle Savings – Buying a new car model can save up to 30% because newer models keep occupants safer.
• Own a Home – Owning a home may trigger a policy discount on insurance coverage since home ownership means you have a higher level of financial diligence.
• Telematics Devices – Drivers that enable their insurance company to analyze where and when they drive remotely such as State Farm’s In-Drive could see a rate decrease if they are good drivers.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

If you would like to choose from a list of insurers that have a full spectrum of discounts, follow this link.

It’s not one size fits all

When buying proper insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions can help discover whether you may require specific advice.

• Does insurance cover tools stolen from my truck?
• At what point should I drop full coverage?
• How do I buy GAP insurance?
• If I drive on a suspended license am I covered?
• Which is better, split liability limits or combined limits?
• I have good health insurance, so how much medical payments coverage do I need?
• Does coverage extend to my business vehicle?
• Can I afford to pay high deductible claims out of pocket?
• Should I get collision insurance on every vehicle?
• What exactly is covered by my policy?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Learn how to lower your insurance premiums

Many factors are part of the equation when you quote your car insurance policy. Some are obvious like an MVR report, although some other factors are less obvious such as your credit history or how safe your car is.

The factors shown below are some of the most rate-impacting factors used by companies to determine your rates.

• Proper usage rating affects premiums – The higher the miles on your Mercury annually the more you will pay for car insurance. Most companies rate vehicles based on their usage. Cars and trucks used primarily for pleasure use get more affordable rates than vehicles that are driven to work every day. Having the wrong rating on your Monterey can result in significantly higher rates. Verify your vehicle rating reflects annual mileage, because improper ratings can cost you money.
• Location can modify price – Residing in smaller towns and rural areas of the country can be a good thing if you are looking for the lowest rates. Fewer drivers on the road means less chance of accidents and also fewer theft and vandalism claims. Urban drivers have to deal with more auto accidents and a longer drive to work. Higher commute times can result in more accidents.
• Do you have a stressful vocation? – Do you have a high-stress occupation? Occupations such as judgesairline pilots and dentists are shown to have higher average rates in part from intense work requirements and extremely grueling work hours. On the other hand, careers such as professors, historians and the unemployed pay lower than average rates for Monterey insurance.
• Responsible drivers have lower costs – Whether or not you get tickets impacts your car insurance rates tremendously. Even a single speeding ticket or other violation can increase the cost of insurance twenty percent or more. Drivers who don’t get tickets get better prices compared to drivers with tickets. Drivers who have gotten serious violations such as reckless driving, hit and run or driving under the influence may find they need to prove financial responsibility with their state in order to legally drive.
• Your liability protection limits – Your policy’s liability coverage will protect you when you are determined to be liable for an accident. This coverage provides legal defense coverage which can cost thousands of dollars. Liability insurance is quite affordable compared to comp and collision, so drivers should buy more than the minimum limits required by law.
• Deter theft and save money – Selecting a car model with anti-theft technology or alarm system can help lower your rates. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent car theft.
• Women tend to cost less – Statistics have proven females are less aggressive when driving. However, this does not mean men are worse drivers. They both cause at-fault accidents in similar percentages, but men have accidents that have higher claims. Men also statistically receive more major tickets such as DWI and reckless driving. Youthful male drivers are most likely to cause an accident and are penalized with high car insurance rates.

Car insurance coverage options for a 2007 Mercury Monterey

Understanding the coverages of your policy can be of help when determining which coverages you need 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 available from car insurance companies.

Liability insurance – Liability insurance protects you from damage that occurs to a person or their property that is your fault. This insurance protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers things such as funeral expenses, legal defense fees and pain and suffering. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Coverage for uninsured or underinsured drivers – This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your Mercury Monterey.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Comprehensive car insurance – This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like rock chips in glass, a tree branch falling on your vehicle, damage from flooding and damage from getting keyed. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision – This coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like rolling your car, sustaining damage from a pot hole, colliding with another moving vehicle and crashing into a building. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Coverage for medical expenses – Coverage for medical payments and/or PIP reimburse you for bills like nursing services, surgery, pain medications and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

One last thing

We just presented quite a bit of information on how to shop for 2007 Mercury Monterey insurance online. The key concept to understand is the more you quote insurance coverage, the better chance you’ll have of finding inexpensive insurance coverage. Drivers may discover the best price on insurance coverage is with a smaller regional carrier. They often have lower car insurance rates on specific markets as compared to the big name companies such as Allstate, Geico and Progressive.

When getting insurance coverage quotes online, make sure you don’t skimp on critical coverages to save a buck or two. In many cases, someone dropped comprehensive coverage or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The aim is to purchase plenty of coverage for the lowest cost.

Additional articles

• Teen Driver Statistics (Insurance Information Insitute)
• Teen Driving Statistics (Geico)
• All About Airbag Safety (State Farm)
• Help Your Teen Be a Better Driver (State Farm)