Compare 2005 Mercury Monterey Car Insurance Quotes

Nobody I know likes paying for insurance, particularly when the price is too high.

Insurance companies such as Progressive, State Farm and Geico constantly bombard you with TV and radio ads and it is difficult to avoid their marketing magic and find the best price available.

If you have car insurance now, you will be able to reduce your rates substantially using these tips. Choosing the best insurance company for you is not rocket science. But drivers must learn the way insurance companies market on the web and apply this information to your search.

What determines your Mercury Monterey insurance premium

It’s important that you understand the factors that go into determining the rates you pay for insurance. Knowing what determines base rates helps enable you to make changes that could result in lower insurance prices.

  • Women pay lower rates – Statistics have proven that women are safer drivers than men. However, don’t assume that women are BETTER drivers than men. They both have accidents at a similar rate, but the males cause more damage and cost insurance companies more money. They also get cited for more serious violations like reckless driving and DUI.
  • Bundling policies can get discounts – Many insurance companies give discounts to policyholders who consolidate policies with them. It’s known as a multi-policy discount. Discounts can amount to ten or even up to twenty percent in some cases. If you currently are using one company, it’s in your best interest to comparison shop to confirm you are receiving the best rates possible. You may still find better rates by buying insurance from a different company.
  • Protect yourself with liability coverage – Liability coverage is the protection if ever you are found to be at fault for damages caused by your negligence. It will provide legal defense which can cost thousands of dollars. This coverage is very inexpensive when compared with rates for comp and collision, so do not skimp.
  • Do you need those extra coverages? – There are a lot of extra coverages that you can get tricked into buying if you aren’t careful. Coverages like vanishing deductibles, accidental death and additional equipment coverage are some examples. These coverages may sound good initially, but now you might not need them so get rid of them and save.
  • Where you live – Living in a small town is a positive aspect when talking about insurance. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft. Urban drivers have more traffic problems and longer commutes to work. More time commuting means higher likelihood of an accident.
  • Never go without insurance – Not having insurance is against the law and insurance companies will penalize you for letting your coverage lapse. And not only will your rates increase, failure to provide proof of insurance might get you a license revocation or jail time.Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.
  • Mature drivers pay less – Youthful drivers are statistically proven to be more careless in a vehicle so insurance rates are higher. Mature drivers are viewed as being more responsible, file fewer claims and receive fewer citations.
  • Rate your vehicle for proper use – The higher the mileage driven in a year the higher your rates will be. Most companies charge to insure your cars based on how the vehicle is used. Vehicles not used for work or commuting receive lower rates than those used for commuting. Having the wrong rating on your Monterey can cost quite a bit. Ask your agent if your insurance declarations sheet properly reflects the correct usage for each vehicle, because improper ratings can cost you money.

Low Cost Insurance Coverage

Comparing insurance coverage rates can be a lot of work if you don’t understand the fastest way to get free quotes. You can waste a lot of time talking about coverages with local insurance agents in your area, or you can utilize online quoting to get prices fast.

Most of the larger companies belong to a marketplace where prospective buyers enter their coverage request one time, and at least one company then returns a price quote for coverage. This saves time by eliminating repetitive form submissions to every company.

To access this free quoting program, click here (opens in new window).

The only downside to using this type of form is buyers cannot specifically choose which providers you will receive quotes from. So if you want to select specific providers to compare prices, we have a page of low cost insurance coverage companies in your area. Click here to view list.

It’s up to you which method you use, but double check that you are using identical information on every quote. If the quotes have different deductibles it will be impossible to determine the lowest rate for your Mercury Monterey. Slightly different coverage limits could mean much higher rates. And when quoting insurance coverage, remember that obtaining a wide range of quotes gives you a better chance of getting the best offered rates.

Best discounts on Mercury Monterey coverage

The cost of insuring your cars can be expensive, but there are discounts available to help bring down the price. Some discounts apply automatically when you purchase, but lesser-known reductions have to be requested specifically before they will apply.

  • Resident Student – Youth drivers living away from home attending college without a vehicle on campus may be able to be covered for less.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for better car insurance rates for Monterey coverage.
  • Military Rewards – Having a deployed family member could mean lower rates.
  • Drive Less and Save – Keeping the miles down on your Mercury can qualify you for lower rates on the low mileage vehicles.
  • Discount for Good Grades – Getting good grades can get you a discount of up to 25%. This discount can apply up until you turn 25.
  • Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education in high school.
  • Own a Home – Owning a home can help you save on car insurance due to the fact that maintaining a home is proof that your finances are in order.
  • Pay Upfront and Save – By paying your policy upfront rather than paying monthly you can actually save on your bill.
  • Driver Safety – Taking part in a course in driver safety can save you 5% or more if your company offers it.

As a disclaimer on discounts, many deductions do not apply to your bottom line cost. Most only cut individual premiums such as liability, collision or medical payments. So when the math indicates you could get a free car insurance policy, it just doesn’t work that way. But all discounts will cut the amount you have to pay.

To see a list of providers with discount car insurance rates, follow this link.

Tailor your coverage to you

When it comes to choosing adequate coverage, there isn’t really a “perfect” insurance plan. Every situation is different so this has to be addressed. Here are some questions about coverages that might help in determining whether your personal situation would benefit from an agent’s advice.

  • Are rock chip repairs covered?
  • How much liability coverage do I need in my state?
  • Is my ex-spouse still covered by my policy?
  • Should I have combined single limit or split liability limits?
  • Is my babysitter covered when using my vehicle?
  • How high should my uninsured/underinsured coverage be in my state?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I need an umbrella policy?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Coverages available on your insurance policy

Understanding the coverages of a insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Insurance terms can be ambiguous and coverage can change by endorsement. Shown next are the normal coverages found on the average insurance policy.

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like hitting a deer, hail damage, falling objects and fire damage. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision insurance

This will pay to fix damage to your Monterey from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as damaging your car on a curb, scraping a guard rail, driving through your garage door and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Liability coverage

This provides protection from injuries or damage you cause to other people or property that is your fault. It protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different 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 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as repair bills for other people’s vehicles, emergency aid, funeral expenses and pain and suffering. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as ambulance fees, surgery, dental work and funeral costs. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Mercury Monterey.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally the UM/UIM limits are similar to your liability insurance amounts.

Money doesn’t grow on trees

Throughout this article, we presented some good ideas how to lower your 2005 Mercury Monterey insurance rates. The key concept to understand is the more quotes you get, the higher the chance of saving money. Drivers may discover the most savings is with a small local company. These smaller insurers can often provide lower rates in certain areas than the large multi-state companies such as State Farm, Geico and Nationwide.

Lower-priced insurance can be found both online as well as from independent agents, so you should compare both in order to have the best price selection to choose from. A few companies don’t offer you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.

As you go through the steps to switch your coverage, make sure you don’t reduce needed coverages to save money. In many cases, an insured cut liability limits or collision coverage only to regret at claim time that the savings was not a smart move. The proper strategy is to buy enough coverage at an affordable rate while not skimping on critical coverages.

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