Cheaper 2007 Mercury Monterey Insurance Rates

Searching for the cheapest auto insurance rates for your Mercury Monterey? Comparison shopping for cheaper auto insurance is always kind of frustrating for drivers who have little experience online rate comparisons. Since there are so many online companies, it can be a difficult challenge to locate the lowest price.

It’s smart to get comparison quotes quite often because rates are usually higher with each renewal. Just because you found the lowest premium rates on Monterey coverage a few years ago there is a good chance you can find better prices now. Don’t believe everything you read about auto insurance on the internet, but in just a couple of minutes you can learn some tested techniques to save money.

What impacts Mercury Monterey insurance premiums?

Many factors are taken into consideration when you get a price on insurance. Some factors are common sense such as your driving record, although others are less apparent like your vehicle usage or your financial responsibility.

The following are a few of the “ingredients” utilized by car insurance companies to help set premiums.

  • A good credit rating can save money – Your credit score is a large factor in calculating your insurance coverage rates. Therefore, if your credit history is lower than you’d like, you could pay less to insure your 2007 Mercury Monterey by spending a little time repairing your credit. Drivers with good credit tend to be better risks to insure as compared to drivers with poor credit.
  • The more you drive the more you pay – The more you drive your Mercury each year the more it will cost to insure it. A lot of companies charge rates based upon how the vehicle is primarily used. Cars not used for work or commuting can be on a lower rate level than those used for commuting. It’s a smart idea to ensure your insurance coverage policy reflects the correct usage for each vehicle, because improper ratings can cost you money. A policy that improperly rates your Monterey is throwing money out the window.
  • Your age impacts your rates – Teenage drivers have been known to be inattentive and easily distracted behind the wheel therefore insurance coverage rates are much higher. Older people are proven to be safer behind the wheel, statistically cause fewer accidents , and usually have better credit.
  • Only buy what you need – There are many extra add-on coverages that can waste your money if you aren’t diligent. Insurance for things like rental car coverage, towing coverage, and motor club memberships could be just wasting money. They may seem like a good idea when you first buy your policy, but your money might be better spent on other coverage so eliminate them to save money.
  • Your employer can affect rates – Do you work in a high-stress field? Occupational choices like doctors, business owners and financial analysts usually pay higher average rates attributed to high stress levels and lots of time spent at work. On the flip side, professions such as professors, athletes and homemakers generally pay rates lower than average on Monterey coverage.
  • Men tend to take more risk – Over time, data shows females are less aggressive when driving. The data does not necessarily mean that men are worse drivers. Females and males tend to get into at-fault accidents at about the same rate, but the male of the species cause more damage and cost insurance companies more money. Men also receive more costly citations such as reckless driving.
  • Advanced alarm systems – Owning a car with advanced anti-theft systems can help bring down rates. Advanced theft deterrents like OnStar, LoJack tracking, and tamper alarms help track and prevent vehicle theft.

How much does auto insurance cost?

The are a couple different ways of comparing rate quotes from all the different companies. The simplest method to find competitive 2007 Mercury Monterey insurance rates is to perform an online rate comparison. This is quite simple and can be completed by using one of the methods below.

  1. The recommended way to compare a lot of rates at once is to use a rate comparison form like this one (opens in new window). This style of form prevents you from having to do separate quotation requests for every auto insurance company. Taking the time to complete one form gets prices estimates from multiple low-cost companies. This is perfect if you don’t have a lot of time.
  2. A more time consuming way to find better pricing is spending the time to visit the website of each company and complete a new quote form. For example, we’ll assume you want to get rates from Progressive, GEICO and Liberty Mutual. To find out each rate you need to navigate to each company’s site to input your insurance information, which is why the first method is more popular. To view a list of companies in your area, click here.

Compare rates however you want, just make sure you are using nearly identical information on every quote. If the quotes have different liability limits it will be impossible to make an equal comparison. Slightly different insurance coverages or limits can result in a big premium difference. And when comparison shopping, comparing all the rates in your area helps locate a lower rate.

Lower rate quotes with discounts

Insurance can cost an arm and a leg, but you might be missing out on some discounts to cut the cost considerably. Certain discounts will be applied at the time you complete a quote, but once in a while a discount must be manually applied before you will receive the discount. If you don’t get every credit possible, you could be paying more than you need to.

  • Professional Organizations – Being in a qualifying organization could earn you a nice discount on your bill.
  • Theft Prevention System – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and therefore earn up to a 10% discount.
  • Discounts for Federal Employees – Having worked for a branch of the government could provide a small rate reduction on Monterey coverage with a few insurance companies.
  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can get savings of 20% or more.
  • Paper-free Discount – Some of the larger companies will give a small break for buying your policy on the internet.
  • Full Payment Discount – If you can afford to pay the entire bill rather than paying monthly you could save up to 5%.
  • College Student – Older children who are attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Telematics Data – Drivers that enable driving data submission to look at their driving habits through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction if they are good drivers.
  • No Claims – Drivers who don’t have accidents pay less as opposed to drivers who are more careless.
  • Multi-line Discount – If the company offers life insurance, you could get better prices if you take out some life insurance in addition to your auto policy.

One last thing about discounts, many deductions do not apply to all coverage premiums. A few only apply to specific coverage prices like comp or med pay. If you do the math and it seems like adding up those discounts means a free policy, you aren’t that lucky.

Large insurance companies and the discounts they provide are:

  • 21st Century may offer discounts for early bird, homeowners, defensive driver, teen driver, and student driver.
  • Progressive has savings for multi-vehicle, homeowner, multi-policy, continuous coverage, online signing, and good student.
  • State Farm offers discounts for good student, safe vehicle, Steer Clear safe driver discount, defensive driving training, student away at school, and Drive Safe & Save.
  • Nationwide may have discounts that include business or organization, good student, anti-theft, defensive driving, family plan, multi-policy, and Farm Bureau membership.
  • Esurance includes discounts for renters, safety device, Pac-12 alumni, anti-lock brakes, online shopper, DriveSense, and multi-car.
  • The Hartford offers discounts including vehicle fuel type, defensive driver, driver training, bundle, good student, anti-theft, and air bag.

Before buying, ask each insurance company how many discounts you can get. All car insurance discounts may not apply to policyholders in your area.

What is the best insurance coverage coverage?

When it comes to buying coverage for your vehicles, there is no single plan that fits everyone. Every situation is different.

These are some specific questions may help highlight if you may require specific advice.

  • How can I force my company to pay a claim?
  • Does my insurance cover my expensive audio equipment?
  • Are my friends covered when driving my car?
  • Should I buy only the required minimum liability coverage?
  • Can I afford to buy a different vehicle if my 2007 Mercury Monterey is totaled?
  • Am I covered when using my vehicle for business?
  • Can I get a multi-policy discount?
  • Do I need rental car coverage?
  • Do I have newly-aquired coverage?
  • Are my friends covered when driving my 2007 Mercury Monterey?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Auto insurance coverages explained

Knowing the specifics of a auto insurance policy can help you determine appropriate coverage for your vehicles. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like rehabilitation expenses, surgery and prosthetic devices. They are often utilized in addition to your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Usually these limits are set the same as your liablity limits.

Collision protection

This coverage covers damage to your Monterey caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as crashing into a ditch, colliding with a tree and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Liability insurance

This protects you from damage that occurs to other’s property or people. This coverage protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability can pay for claims such as bail bonds, repair costs for stationary objects, medical services and attorney fees. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.

Comprehensive or Other Than Collision

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, damage from a tornado or hurricane, damage from flooding and hitting a bird. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Quote often and quote early

We covered a lot of information how to lower your 2007 Mercury Monterey insurance prices. It’s most important to understand that the more price quotes you have, the better your chances of lowering your rates. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising.

When trying to cut insurance costs, it’s not a good idea to reduce coverage to reduce premium. In too many instances, an insured dropped liability coverage limits and learned later that it was a big mistake. The proper strategy is to buy the best coverage you can find for the lowest price, but do not skimp to save money.

Consumers leave their current company for many reasons like not issuing a premium refund, unfair underwriting practices, an unsatisfactory settlement offer or high rates after DUI convictions. It doesn’t matter why you want to switch choosing a new company is not as hard as you think.

Much more information about insurance coverage is available on the following sites: