Nobody I know looks forward to buying car insurance, especially when they know the price is too high.
There is such a variety of auto insurance companies to purchase coverage from, and although it’s nice to be able to choose, it can be more challenging to compare rates and find the lowest cost car insurance.
Some companies don’t always advertise all disounts in a way that’s easy to find, so we took the time to find both the well known in addition to some of the lesser obvious discounts that you can inquire about if you buy auto insurance online.
You can save money using discounts, but most discounts do not apply to all coverage premiums. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So when the math indicates you would end up receiving a 100% discount, you aren’t that lucky.
If you would like to view insurance coverage companies that provide some of the discounts listed above, follow this link.
It’s important that you understand some of the elements that are used to determine the level of your policy premiums. When you understand what determines premiums, this allows you to make good choices that can help you get much lower annual insurance costs. Many things are part of the calculation when premium rates are determined. Some are obvious such as your driving record, although others are not as apparent such as your credit history or how safe your car is.
The factors shown below are a partial list of the pieces used by your company to calculate rates.
When choosing adequate coverage, there really is not a perfect coverage plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining whether or not you might need professional guidance.
If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area.
Learning about specific coverages of a auto insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverage types available from auto insurance companies.
Auto liability insurance – Liability insurance provides protection from damage or injury you incur to people or other property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.
Liability coverage pays for claims like medical expenses, medical services, bail bonds, funeral expenses and pain and suffering. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and damage to your Mercury Milan.
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.
Collision – Collision coverage covers damage to your Milan resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like rolling your car, hitting a mailbox, backing into a parked car, sustaining damage from a pot hole and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for ambulance fees, surgery and chiropractic care. They are often utilized in addition to your health insurance policy or if you do not have health coverage. It covers you and your occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible
Comprehensive auto coverage – This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as vandalism, hitting a deer and a broken windshield. The highest amount a auto insurance company will pay at claim time 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.
Some insurance providers don’t offer price quotes online and most of the time these smaller providers provide coverage only through independent insurance agencies. Budget-conscious 2010 Mercury Milan insurance can be found both online and from local insurance agents, and you should compare rates from both to get a complete price analysis.
As you shop your coverage around, don’t be tempted to buy lower coverage limits just to save a few bucks. There have been many cases where an insured cut liability coverage limits and discovered at claim time that they should have had better coverage. Your aim should be to buy the best coverage you can find at the best possible price, not the least amount of coverage.
We just showed you many ideas to shop for 2010 Mercury Milan insurance online. The key concept to understand is the more you quote auto insurance, the higher the chance of saving money. Drivers may discover the most savings is with a small mutual company. Some small companies may cover specific market segments cheaper as compared to the big name companies such as State Farm and Allstate.
More detailed auto insurance information can be read in these articles:
Karen Browning
Here’s what I found out. I live west of Aurora, Illinois. Got car insurance quotes from The General, Amica, Mercury, and a couple others for my Mercury and I think I am saving around $30 each month. I have a couple other vehicles on the policy.
Anthony Farley
Cheap is relative. Live in the eastern part of Fairbanks, AK. Got quotes from Auto-Owners, Safeco, and Western Auto Insurance for my Milan and I’m now saving $45 a month. They offer free online rate quotes.
Nicholas Price
Got pretty cheap 2010 Mercury Milan insurance from 21st Century in Allentown, PA.
Reynalda Guerrero
If you have a good history and live in the vicinity of Mesa, AZ, check out Progressive. You might get cheaper rates. Good multi-policy discounts.
Rosanna Bernard
This is too expensive. From Wilmington, DE. Got car insurance quotes with 21st Century, Encompass, and Hanover for my Mercury and cut my rates about $430 a year. Teenage drivers are expensive! Just go online and compare their rates.
Bibi Pennington
If you have a good history and live around Sioux Falls, South Dakota, check out 21st Century. They seem to be cheaper. Left Liberty Mutual to switch. I get multi-vehicle and multi-policy discounts. God forbid I actually have a claim.
Emmett Whitaker
I live just outside Knoxville, TN. Received quotes from Allstate, AIG Insurance, and some I forget for my 2010 Mercury Milan and am saving around $220 a year. Was with American Family. It’s still not cheap enough.
Rachele Tillman
Affordable car insurance is a myth. From Green Bay, WI. I got free prices from Progressive, Hanover, and Esurance for my 2010 Mercury Milan and saved $484 a year. I have a teen driver too. It never hurts to quote around.
Brent Barker
I found pretty cheap rate quotes for a 2010 Mercury Milan in Cedar Rapids, IA. Ended up at about $440 every six months with AAA.
Camellia Rice
This is too expensive. I’m in the south part of Newark, Delaware. Quoted with American Family, MetLife, and USAA for my Mercury and saved just over $440 a year. Still almost need a second mortgage.
Vina Dodson
Affordable car insurance is a myth. Got a quote with Liberty Mutual for my 2010 Mercury Milan and saved around $170 a year. Insured with Esurance before.
Daine Vaughan
Does South Carolina have minimum liability laws?
Georgianne Leonard
Just a quick comment on my experience. I live just to the east of Tampa, FL. Got car insurance prices from Allstate, The General, and Encompass for my Mercury and I’m now saving $18 a month. My new agent seems to be really good.
Ivy Gardner
Just my two cents. Got a quote with Encompass for my Mercury and saved about $190 a year. Can still barely afford it.
Lang Gillespie
Is Allstate or Eastwood cheap in Rutland, VT?
Elayne Johnson
Checking in from Baton Rouge, LA. Got rates from Western Auto Insurance, Auto-Owners, Hanover, and MetLife for my Mercury and I think I cut my rates about $60 each month.