Searching for better insurance rates for your Mercury Tracer? Scraping up a payment for expensive Mercury Tracer insurance can consume your checking account and make it hard to pay other bills. Shopping your coverage around is a great way to lower your bills every month.
Many car insurance companies vie to insure your vehicles, so it’s not easy to compare every insurance company to get the best price available.
It’s a great practice to get comparison quotes every six months because insurance prices trend upward over time. If you had the best deal for Tracer coverage a year ago a different company probably has better rate quotes today. Ignore everything you know about insurance because I’m going to teach you how to use the internet to save money, get proper coverage and the best rates.
Shopping for lower car insurance rates can be a lot of work if you don’t understand the easiest way. You can waste a few hours (or days) discussing policy coverages with agents in your area, or you can stay home and use online quoting to get rates in a matter of minutes.
Most of the larger companies participate in an industry program that allows shoppers to submit their information once, and every company then gives them pricing determined by their information. This saves time by eliminating quote requests for each company you want a rate for. To access this free quoting program, click to open in new window.
The single downside to using this type of system is that you can’t choose the providers to get pricing from. If you wish to select specific providers to request quotes from, we have a listing of car insurance companies in your area. Click here for list of insurance companies.
The method you choose is up to you, but try to use nearly identical coverages and limits with each company. If you enter higher or lower deductibles you will not be able to decipher which rate is best. Having just a slight variation in coverage limits may result in large price differences. Keep in mind that comparing more company’s prices provides better odds of finding a better price.
When choosing the best car insurance coverage for your vehicles, there is no one size fits all plan. Everyone’s situation is unique and your policy should reflect that. These are some specific questions can aid in determining whether your personal situation might need an agent’s assistance.
If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
Having a good grasp of a car insurance policy aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the usual coverages found on the average car insurance policy.
Protection from uninsured/underinsured drivers
This coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Mercury Tracer.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are identical to your policy’s liability coverage.
This pays for damage to your Tracer from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as sustaining damage from a pot hole, hitting a parking meter, colliding with a tree, rolling your car and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Another option is to increase the deductible to save money on collision insurance.
Auto liability insurance
Liability insurance can cover damage or injury you incur to other people or property that is your fault. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage pays for claims such as bail bonds, funeral expenses, loss of income and structural damage. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.
Comprehensive (Other than Collision)
Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like damage from a tornado or hurricane, a broken windshield and hitting a deer. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like EMT expenses, doctor visits, chiropractic care and surgery. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage