Nobody fancies paying their premiums for insurance coverage, especially knowing they could find lower prices if they just compared rates.
Insurance companies such as State Farm, Allstate, GEICO and Progressive constantly bombard you with ad campaigns and it is difficult to ignore the propoganda and effectively compare rates to find the best deal.
If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using this strategy. Finding affordable coverage is not rocket science. But vehicle owners must comprehend the way companies compete online and take advantage of how the system works.
To find low cost quotes, there are a couple of ways to obtain and compare prices from many different insurance companies. The simplest method to comparison shop is simply to get online rate quotes. It is quite easy and can be accomplished using a couple different methods.
For a list of links to companies insuring cars in your area, click here.
How you compare quotes is your choice, just double check that you are using apples-to-apples coverages and limits on every quote you get. If you enter mixed coverages it’s not possible to make a fair rate comparison. Slightly different coverages could throw off the whole comparison. Keep in mind that having more price comparisons helps improve the odds of finding a lower rate. Some smaller insurers to not give price estimates online, so you should also compare price estimates on coverage from those companies, too.
Companies like State Farm, Allstate and GEICO regularly use ads on TV and radio. All the companies make an identical promise about savings if you move to their company. But how can every company make almost identical claims? Here is how they do it.
All companies have specific criteria for the driver they prefer to insure. A good example of this type of risk profile might be described as a married male, has a low-risk occupation, and has a short commute. A propective insured who fits those characteristics will qualify for the lowest prices and as a result will probably pay quite a bit less when switching companies.
Potential customers who are not a match for the ideal profile may be required to pay higher premiums with the end result being the customer buying from a different company. Company advertisements say “people who switch” not “all people who quote” can save as much as they claim. That’s the way companies can truthfully advertise the way they do. That is why you really need to quote coverage with many companies. It is impossible to predict which company will have the best premium rates for your profile.
It’s important that you understand the factors that help determine the price you pay for insurance coverage. When you understand what controls the rates you pay, this allows you to make educated decisions that can earn you cheaper rates.
The itemized list below are some of the items companies use to determine your rates.
Insurance is not inexpensive, but you may find discounts that many people don’t even know exist. Certain discounts will be applied when you get a quote, but some discounts are required to be inquired about prior to getting the savings.
It’s important to understand that some credits don’t apply to your bottom line cost. Most only apply to specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears you could get a free insurance policy, that’s just not realistic.
Popular insurance companies and some of the discounts are detailed below.
Before purchasing a policy, check with every company the best way to save money. Depending on the company, some discounts may not apply to policyholders in your area. To find insurance companies who offer cheap insurance quotes, click here.
When buying the best insurance coverage coverage for your personal vehicles, there isn’t really a cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions might help in determining whether you might need professional guidance.
If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier
Knowing the specifics of your policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most insurance policies.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Mercury Mariner.
Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance kick in for expenses such as surgery, rehabilitation expenses, pain medications and EMT expenses. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Liability coverage protects you from damages or injuries you inflict on other’s property or people in an accident. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 which means 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 protects against claims like medical services, loss of income, bail bonds, emergency aid and court costs. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against things like damage from a tornado or hurricane, vandalism and rock chips in glass. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Collision coverage protection
This will pay to fix damage to your Mariner from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims like driving through your garage door, colliding with a tree, hitting a mailbox and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to bring the cost down.
As you quote insurance, it’s a bad idea to reduce coverage to reduce premium. In many instances, an insured dropped collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase a proper amount of coverage at the best price while still protecting your assets.
We covered some good ideas how you can reduce 2011 Mercury Mariner insurance car insurance rates online. The key thing to remember is the more rate comparisons you have, the better your comparison will be. Consumers could even find that the best car insurance rates are with an unexpected company. These companies may only write in your state and offer lower premium rates than their larger competitors like Progressive and GEICO.