Compare Mercury Mariner Insurance Rates in Louisville

Truthfully, the best way to find lower priced auto insurance rates is to compare prices annually from providers who sell auto insurance in Louisville. You can compare prices by completing these steps.

First, get an understanding of coverages and the measures you can take to drop your rates. Many policy risk factors that cause high rates such as tickets, at-fault accidents, and a not-so-good credit rating can be improved by being financially responsible and driving safely. Later in this article we will cover more information to get low prices and earn a bigger discount.

Second, obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or Farmers Insurance, while independent agencies can provide price quotes for a wide range of companies. Compare rates now

Third, compare the new rate quotes to your existing coverage to see if you can save by switching companies. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.

The most important part of shopping around is to compare similar limits and deductibles on each price quote and and to get prices from as many car insurance companies as possible. Doing this enables a fair rate comparison and many rates to choose from.

It’s well known that car insurance companies don’t want you to look for cheaper rates. Drivers who perform rate comparisons will most likely switch companies because there is a good chance of finding discount prices. A recent survey discovered that consumers who made a habit of comparing rates saved about $860 a year compared to people who didn’t regularly shop around.

If finding the most affordable auto insurance in Louisville is the reason you’re here, then having some knowledge of how to get free comparison quotes and analyze insurance coverage can make it easier for you to save money.

To find the best insurance rates, there are several ways to compare rate quotes from all the different companies. The quickest method to do a complete rate comparison is to perform an online rate comparison. When comparison shopping, comparing more rates from different companies will improve the odds of getting a better price. Some companies don’t provide online rate quotes, so it’s recommended that you also compare prices from those companies as well.

The companies shown below are ready to provide price comparisons in Louisville, KY. To buy cheap car insurance in Louisville, we suggest you compare several of them to find the cheapest car insurance rates.

Score discounts to get cheaper Louisville car insurance quotes

Some insurance providers don’t always advertise all possible discounts in a way that’s easy to find, so the list below details a few of the more well known and also the more inconspicuous savings tricks you should be using when you buy Louisville car insurance online.

• Multiple Cars – Drivers who insure primary and secondary vehicles on the same car insurance policy can reduce the rates for all insured vehicles.
• Use Seat Belts – Using a seat belt and requiring all passengers to fasten their seat belts may be able to save a few bucks off PIP or medical payments premium.
• Bundled Policy Discount – If you can combine your homeowners and auto policy with one insurance company you may save approximately 10% to 15%.
• Switch and Save Discount – A few car insurance companies offer discounts for buying a policy early. This discount can save up to 10%.
• Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency so companies will give you a small discount.
• Telematics Discount – Louisville drivers who agree to allow their car insurance company to monitor where and when they drive by using a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts if their driving habits are good.
• Discount for Life Insurance – Larger insurance carriers have a discounted rate on car insurance if you buy a life insurance policy as well.
• ABS Braking Discount – Cars with ABS and/or traction control prevent accidents so companies give up to a 10% discount.

Please keep in mind that many deductions do not apply to all coverage premiums. Most only reduce individual premiums such as collision or personal injury protection. Despite the fact that it seems like all those discounts means the company will pay you, nobody gets a free ride. Any amount of discount will bring down your policy cost.

The diagram below shows the difference between Mercury Mariner insurance costs with and without discounts. The information is based on a male driver, no claims or driving violations, Kentucky state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, safe-driver, claim-free, and homeowner discounts applied.

To see a list of companies who offer car insurance discounts in Louisville, click this link.

Insurance coverage analysis

The table shown below showcases different policy rates for Mercury Mariner models. Learning a little about how car insurance premiums are calculated can assist in making decisions on which insurance to purchase.

Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in your specific Louisville location which can raise or lower rates considerably.

Higher deductibles lower rates

A question often asked by Louisville drivers is which comprehensive and collision deductibles to buy. The tables below sum up the rate differences when you buy lower versus higher deductibles. The first rate comparisons uses a $250 deductible and the second price grid uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in specific location which can raise or lower premium rates substantially.

Based on this data, using a $250 deductible will cost you about $24 more each month or $288 each year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 31 months between claims, you would come out ahead going with the higher deductible.

The chart below highlights how deductible selection and can increase or decrease Mercury Mariner yearly insurance costs for different age categories. The data is based on a single female driver, full coverage, and no discounts are applied to the premium.

Rate comparison of full coverage and liability-only

The information below shows the difference between Mercury Mariner insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no tickets, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

Guidelines for eliminating full coverage

There is no set rule of when to drop physical damage coverage on your policy, but there is a general convention. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s pretend your Mercury Mariner replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,000 after the deductible is paid. If it’s costing in excess of $300 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are a few situations where dropping full coverage is not a good plan. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage in place.

Buying from insurance agents

Certain consumers still like to visit with an insurance agent and doing that can be a smart decision One of the benefits of getting free rate quotes online is the fact that you can find cheap rate quotes and also buy local.

Upon completion of this short form, your insurance data is instantly submitted to insurance agents in Louisville who will return price quotes for your insurance coverage. You don’t have to contact any insurance agencies since price quotes are sent directly to you. You can find better rates without requiring a lot of work. If for some reason you want to get a price quote from one company in particular, you would need to search and find their rate quote page and complete a quote there.

Choosing an provider should depend on more than just a cheap price quote. These are some questions you should get answers to.

• Do they offer rental car reimbursement?
• Is there any savings for paying the full premium?
• Do they offer accident forgiveness?
• What is their Better Business Bureau rating?
• What company do they have the most business with?
• Will high miles depreciate repair valuations?

How do Car Insurance Companies Determine Mercury Mariner Insurance Premiums?

Multiple criteria are used in the calculation when premium rates are determined. A few of the factors are predictable like a motor vehicle report, but some are less obvious like your continuous coverage or how financially stable you are. When buying auto insurance it’s important to understand some of the things that go into determining the rates you pay for auto insurance. When you understand what determines base rates, this helps enable you to make changes that may result in much lower annual insurance costs.

The items below are some of the items used by insurance companies to determine your rate level.

• How old are your drivers? – Drivers with little experience are known to be easily distracted in a vehicle so auto insurance rates are higher. If you’ve ever had to add a beginning driver onto your auto insurance can really hurt. Older insureds are shown to be more cautious, cause fewer claims and accidents, and usually have better credit.

  The following data uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

• Commute or pleasure use – Driving more miles every year the more you’ll pay to insure your vehicle. A lot of companies charge to insure your cars based on their usage. Cars and trucks that are left in the garage qualify for better rates than cars that get driven a lot. An improperly rated Mariner can result in significantly higher rates. Verify your vehicle rating states the proper vehicle usage.
• Frequent auto insurance claims increase prices – Companies in Kentucky give better rates to drivers who do not file claims often. If you frequently file small claims, you can pretty much guarantee much higher rates or policy non-renewal. Auto insurance is meant to be used in the event of claims that pose a financial burden.

• Avoid tickets and save – Attentive drivers pay less for auto insurance compared to drivers with tickets. Just one speeding ticket may cause rates to rise by as much as twenty percent. Drivers who have license-revoking violations like DWI, reckless driving or hit and run convictions may find that they have to to submit a SR-22 form with their state in order to legally drive.

  The information below illustrates how violations and at-fault collisions can affect Mercury Mariner auto insurance costs for different age categories. The data is based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

• How much liability do you need? – The liability coverage on your policy is the coverage that protects you if you are ruled to be at fault for damages caused by your negligence. Liability insurance provides for a legal defense up to the limits shown on your policy. Liability is cheap compared to physical damage coverage, so do not skimp.

Car insurance in Kentucky serves several purposes

Even though Louisville Mariner insurance rates can get expensive, paying for car insurance is mandatory in Kentucky but it also protects more than you think.

• Most states have compulsory liability insurance requirements which means you are required to carry a specific level of liability insurance coverage if you drive a vehicle. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you have a loan on your Mariner, it’s guaranteed your bank will make it a condition of the loan that you have physical damage coverage to guarantee loan repayment. If you let the policy lapse, the lender will be forced to insure your Mercury for a lot more money and force you to reimburse them the higher price.
• Insurance protects both your car and your personal assets. It will also reimburse you for medical expenses for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also covers legal expenses if you are sued as the result of your driving. If mother nature or an accident damages your car, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance are without a doubt worth the cost, particularly if you ever have a claim. Unknowingly, the average driver is currently overpaying as much as $825 a year so compare rate quotes at least once a year to make sure the price is not too high.

Quote more and you will save more

We’ve covered many tips how you can compare Mercury Mariner insurance premium rates in Louisville. The key concept to understand is the more providers you compare, the better your comparison will be. You may even find the lowest priced auto insurance comes from a small mutual company.

Cheaper Mercury Mariner insurance in Louisville is attainable on the web in addition to local insurance agencies, so get free Louisville car insurance quotes from both of them to have the best selection. Some insurance providers may not offer rate quotes online and most of the time these smaller companies only sell coverage through independent insurance agencies.

When you buy Louisville car insurance online, it’s a bad idea to buy less coverage just to save a little money. In too many instances, someone dropped liability coverage limits to discover at claim time that it was a big mistake. Your objective should be to get the best coverage possible at a price you can afford while still protecting your assets.

More resources

• Senior Drivers (Insurance Information Institute)
• Who Has Cheap Louisville Car Insurance for Used Cars? (FAQ)
• Who Has Affordable Auto Insurance Quotes for a Jeep Wrangler in Louisville? (FAQ)
• What Auto Insurance is Cheapest for Drivers with Accidents in Louisville? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for a Subaru Outback in Louisville? (FAQ)
• Cellphones, Texting and Driving (iihs.org)
• Distracted Driving Extends Beyond Texting (State Farm)
• Credit Impacts Car Insurance Rates (State Farm)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)