Mercury Mountaineer Insurance Rate Quotes in Cincinnati

A recent insurance study revealed that almost 70% of insureds have bought insurance from the same company for over three years, and approximately 40% of consumers have never shopped around. Many consumers in Ohio can save about 55% each year just by getting comparison quotes, but they don’t believe the large savings they would see if they switch to a new company.

If you want to save money, the best way to find discount Mercury Mountaineer insurance is to compare prices at least once a year from different companies in Cincinnati. You can shop around by completing these steps.

• First, learn about what coverages are included in your policy and the measures you can take to drop your rates. Many rating criteria that result in higher prices such as at-fault accidents and a negative credit rating can be remedied by making lifestyle changes or driving safer.
• Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from one company like Progressive or Allstate, while independent agents can quote prices from multiple insurance companies. Find a Cincinnati insurance agent
• Third, compare the new rate quotes to the premium of your current policy and see if there is a cheaper rate. If you can save some money and decide to switch, ensure coverage does not lapse between policies.
• Fourth, provide written notification to your current company to cancel the current policy. Submit a completed application and payment for your new coverage. Don’t forget to keep your new certificate of insurance with your registration paperwork.

A key point to remember is to use identical deductibles and limits on every quote and and to get rate quotes from every company you can. This ensures the most accurate price comparison and a good representation of prices.

Finding the cheapest insurance coverage in Cincinnati can be made easier if you know where to look. If you are already insured, you should be able to buy cheaper insurance using the ideas presented in this article. Nevertheless, Ohio vehicle owners should learn the way insurance companies set your policy premium because it can help you find the best coverage.

The best way we recommend to compare rate quotes for Mercury Mountaineer insurance in Cincinnati is to understand most larger insurance companies allow for online access to provide you with a free rate quote. All you need to do is take a few minutes to give details such as whether you are married, deductibles desired, the year, make and model of vehicles, and if you are currently licensed. Your information gets sent immediately to insurance companies and you receive quotes almost instantly.

To find the cheapest Mercury Mountaineer insurance rates, click here and enter your coverage details.

The companies in the list below can provide free quotes in Cincinnati, OH. If your goal is to find the best cheap car insurance in Cincinnati, OH, it’s a good idea that you visit several of them in order to find the lowest rates.

Analysis of coverages

The premium table displayed below showcases a range of coverage costs for Mercury Mountaineer models. Knowing how rates are established can assist in making smart choices when choosing a car insurance company.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rate quotes do not factor in specific Cincinnati garaging location which can raise or lower coverage prices greatly.

Analysis of deductible levels

A question often asked by Cincinnati drivers is which deductible level should you buy. The tables below may help you to understand how much more you’ll pay when you select higher and lower deductibles. The first rate quote example uses a $250 physical damage deductible and the second set of rates uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Premium amounts do not factor in zip code location which can increase or decrease premium rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs roughly $19 more each month or $228 every year across all Mercury Mountaineer models than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 39 months between claims, you would probably be better off by going with a higher deductible.

The example below highlights how deductible selection and can change Mercury Mountaineer insurance prices for each age group. The data is based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

Rate comparison of full coverage and liability-only

The information below illustrates the comparison of Mercury Mountaineer annual premium costs with and without full coverage. The information is based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

When to drop full coverage

There is no clear-cut formula of when to stop paying for physical damage insurance, but there is a general convention. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Mercury Mountaineer claim settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after paying the physical damage deductible. If you are paying more than $200 annually for physical damage coverage, then it could be time to drop full coverage.

There are a few situations where eliminating full coverage is not financially feasible. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

It may be expensive, but it’s not optional

Despite the potentially high cost of Mercury Mountaineer insurance, maintaining insurance is a good idea for several reasons.

First, the majority of states have mandatory liability insurance requirements which means state laws require a specific minimum amount of liability insurance in order to get the vehicle licensed. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your Mercury Mountaineer has a loan, more than likely the lender will make it mandatory that you buy insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your Mercury at a much higher rate and force you to pay for the expensive policy.

Third, insurance safeguards both your vehicle and your personal assets. It will also provide coverage for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also covers legal expenses if you are sued as the result of an accident. If your car is damaged in a storm or accident, your policy will pay all costs to repair after the deductible has been paid.

The benefits of buying car insurance more than offset the price you pay, especially for larger claims. The average driver in Ohio overpays more than $830 a year so shop around at every renewal to make sure the price is not too high.

What Determines Mercury Mountaineer Insurance Costs?

Many different elements are part of the calculation when quoting car insurance. Some are pretty understandable such as your driving history, but others are less apparent such as your credit history or your commute time.

• Drivers with high credit save – A driver’s credit score can be a huge factor in determining what you pay for car insurance. Insureds that have very high credit ratings tend to be more responsible as compared to drivers with worse credit. If your credit score can be improved, you could potentially save money when insuring your Mercury Mountaineer if you clean up your credit.

• Premiums increase with driving tickets – Having just one moving violation can increase the cost of insurance by as much as thirty percent. Good drivers pay less for auto insurance than bad drivers. Drivers with careless citations such as DUI or reckless driving might be required by their state to maintain a SR-22 with their state’s licensing department in order to drive a vehicle legally.

  The example below illustrates how traffic citations and at-fault fender-benders drive up Mercury Mountaineer auto insurance rates for different age groups. The premium estimates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.

• Fast cars cost more to insure – The performance of the car you are trying to find cheaper insurance for makes a substantial difference in determining your rates. Smaller low performance passenger models receive the most favorable rates, but many other things help determine your insurance rates.

  The next chart uses these assumptions: married male driver age 20, full coverage with $500 deductibles, and no discounts or violations. It illustrates Mercury Mountaineer insurance premiums compared to other makes and models that have a range of performance rating factors.

• Females tend to take less risk – Statistics have proven that females take fewer risks when driving. This data doesn’t prove that females are better at driving than males. Men and women are in fender benders at about the same rate, but the men have costlier accidents. In addition to higher claims, males also get more serious tickets such as DWI and reckless driving. Males from age 16 to 21 generally have the highest accident percentage and therefore have the most expensive car insurance rates.

  The chart below compares Mercury Mountaineer annual premium costs for male and female drivers. The premiums are based on no claims, a clean driving record, full physical damage coverage, $1,000 deductibles, single status, and no discounts are applied to the premium.

• Deter theft and lower rates – Choosing to buy a car with a theft deterrent system can save you a little every year. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder car theft and help bring rates down.
• Rental and towing coverage may not be needed – There are many additional extra coverages that may not really be needed on your car insurance policy. Insurance for things like rental car coverage, accidental death, and extra life insurance coverage may not be needed and are just wasting money. You may think they are a good idea at first, but if they’re wasting money think about removing them and cutting costs.

Keep this in mind when shopping around

Affordable Mercury Mountaineer insurance in Cincinnati is possible on the web and with local Cincinnati insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance providers may not offer price quotes online and these regional carriers provide coverage only through independent agencies.

In this article, we presented a lot of ways to get a better price on Mercury Mountaineer insurance in Cincinnati. It’s most important to understand that the more price quotes you have, the better your chances of lowering your premium rates. You may even discover the best price on auto insurance is with a small local company.

As you go through the steps to switch your coverage, you should never skimp on critical coverages to save a buck or two. Too many times, consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim that they should have had better coverage. Your aim should be to find the BEST coverage at the lowest possible cost while not skimping on critical coverages.

Additional articles

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• What is the Best Cheap Car Insurance in Cincinnati, Ohio? (FAQ)
• How Much are Car Insurance Quotes for Drivers with Bad Credit in Cincinnati? (FAQ)
• How Much are Auto Insurance Rates for Young Drivers in Cincinnati? (FAQ)
• Who Has Affordable Cincinnati Auto Insurance Rates for Drivers Over Age 50? (FAQ)
• Who Has Affordable Cincinnati Auto Insurance Quotes for Inexperienced Drivers? (FAQ)
• Who Has Affordable Cincinnati Auto Insurance Quotes for a Dodge Journey? (FAQ)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• How Can I Save Money on Auto Insurance? (Insurance Information Institute)