Compare 2004 Mercury Monterey Insurance Rates

Looking for better car insurance rates for your Mercury Monterey? Having to pay for overpriced car insurance can take a big chunk out of your savings account, especially in this economy. Comparison shopping is a great way to lower your monthly bill.

There is such a variety of insurers to choose from, and even though it’s nice to be able to choose, lots of choices makes it harder to get the best deal.

Consumers should take time to get comparison quotes on a regular basis because insurance rates are variable and change quite frequently. Just because you had the best deal for Monterey coverage last year the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about car insurance because you’re about to learn the things you must know in order to find great coverage at a great price.

The quickest way to get rate comparisons is to know most of the bigger providers pay for the opportunity to compare rate quotes. To begin a comparison, all you need to do is provide a little information such as if you went to college, the year, make and model of vehicles, how many miles driven, and whether you have decent credit. Your rating data is instantly submitted to many of the top insurers and you will receive price estimates within a short period of time.

Save $391 a year? Really?

Companies like State Farm and Allstate regularly use ads on TV and radio. All the ads say the same thing that you can save if you move to them. How can each company make almost identical claims?

Insurance companies can use profiling for the type of customer that is profitable for them. For example, a driver they prefer could be between 30 and 50, a clean driving record, and chooses high deductibles. A propective insured who matches those parameters gets the lowest rates and as a result will probably pay quite a bit less when switching companies.

Drivers who are not a match for the requirements must pay higher premiums which leads to business not being written. The ads say “customers who switch” not “everybody who quotes” save that much money. That’s the way companies can truthfully advertise the savings. This illustrates why it’s extremely important to compare many company’s rates. It’s not possible to predict which car insurance company will have the lowest Mercury Monterey insurance rates.

Impacting insurance rates for a Mercury Monterey

Smart consumers have a good feel for the rating factors that go into determining insurance coverage rates. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that could result in lower insurance coverage prices.

  • Lower rates come with age – Young drivers are statistically proven to get distracted easily when driving so insurance coverage rates are higher. If you’ve ever had to add a youthful driver to your policy can be quite pricey. More mature drivers are more responsible, file fewer claims and are safer drivers.
  • You might want pay the small claims yourself – If you are a frequent claim filer, you can definitely plan on higher rates. Companies give cheaper rates to policyholders who do not file claims often. Insurance coverage is intended for major claims that would cause financial hardship.
  • Battle of the sexes – Statistics show women are more cautious behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Both sexes are in accidents at a similar rate, but the male of the species tend to have more serious accidents. Men also tend to get more serious tickets like DUI and reckless driving.
  • Car features impact rates – Owning a car that has an advanced theft prevention system can save you a little every year. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent auto theft.
  • Extra add-on coverages are wasting money – There are many extra coverages that you can get tricked into buying when buying insurance coverage. Things like roadside assistance, accidental death and membership fees may be wasting your money. These coverages may sound good at first, but your needs may have changed so remove them from your policy.
  • Higher safety ratings means cheaper insurance – Cars with high safety ratings can get you lower premiums. Safer cars result in less severe injuries and better occupant protection means less money paid by your insurance company passed on to you as lower rates. If your Mercury Monterey is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Do you know your deductibles? – Insurance for physical damage to your car, also known as collision and other-than-collision, protects your Mercury from damage. A few examples of covered claims would be a windshield shattered by a rock, vandalism, and burglary. Your deductibles are the amount of money you are required to spend out-of-pocket before your insurance coverage pays a claim. The more expense you have to pay, the lower your rates will be for Monterey coverage.

Companies offer discounts so take them!

Companies offering auto insurance don’t always list every available discount in an easy-to-find place, so we researched both well-publicized and the more hidden discounts you could be receiving.

  • Accident Free – Good drivers with no accidents pay less when compared to frequent claim filers.
  • Federal Government Employee – Employees or retirees of the government may qualify you for a discount for Monterey coverage with certain companies.
  • Anti-theft Discount – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Multiple Policy Discount – When you have multiple policies with one insurance company you could get a discount of approximately 10% to 15%.
  • Multiple Vehicles – Having multiple vehicles with the same company can get a discount on all vehicles.

Drivers should understand that some credits don’t apply the the whole policy. Some only reduce individual premiums such as medical payments or collision. So even though they make it sound like all those discounts means the company will pay you, it doesn’t quite work that way.

To see a list of insurers who offer insurance discounts, follow this link.

Do I just need basic coverages?

When it comes to choosing the best insurance coverage coverage for your vehicles, there really is not a one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions may help you determine if your situation will benefit from professional help.

  • Are rock chip repairs covered?
  • Should I sign the liability waiver when renting a car?
  • Am I covered when driving someone else’s vehicle?
  • Which is better, split liability limits or combined limits?
  • Can I rent a car in Mexico?
  • Will filing a claim cost me more?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Car insurance coverages for a Mercury Monterey

Understanding the coverages of insurance can be of help when determining the best coverages for your vehicles. Insurance terms can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by insurance companies.

Medical costs insurance – Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like pain medications, chiropractic care, EMT expenses and hospital visits. They are utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision – Collision insurance pays for damage to your Monterey resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like sideswiping another vehicle, crashing into a ditch and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Liability insurance – This can cover injuries or damage you cause to other’s property or people. This insurance protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has 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 liability limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims such as court costs, pain and suffering, medical services and structural damage. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, hitting a deer, damage from flooding, fire damage and vandalism. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

UM/UIM Coverage – This gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Mercury Monterey.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Don’t be a big spender

As you go through the steps to switch your coverage, never reduce coverage to reduce premium. In many cases, consumers will sacrifice uninsured motorist or liability limits only to regret that they should have had better coverage. The ultimate goal is to purchase a proper amount of coverage for the lowest price.

We just covered a lot of information how to compare 2004 Mercury Monterey insurance prices online. It’s most important to understand that the more quotes you get, the better your comparison will be. Drivers may discover the lowest premiums are with an unexpected company. Some small companies can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.

Low-cost insurance is definitely available both online as well as from independent agents, so you should compare both so you have a total pricing picture. Some insurance coverage companies don’t offer online quoting and many times these small, regional companies only sell through independent insurance agents.

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