Finding affordable auto insurance can be hard for beginners to buying insurance online. Consumers have so many companies to choose from that it can be a real hassle to compare prices.
You should take the time to price shop coverage occasionally because insurance rates are rarely the same from one policy term to another. Even if you got the best rates on Mystique insurance a few years ago the chances are good that you can find a lower rate today. So block out anything you think you know about auto insurance because we’re going to show you the things you must know in order to properly buy coverages and cut your premium.
There are a lot of ways to compare insurance prices and some are more efficient than others. You can waste a lot of time talking about coverages with insurance agencies in your area, or you could save time and use the web to achieve your goal.
Many insurance companies belong to a marketplace where insurance shoppers submit one quote, and at least one company then gives them pricing based on that information. This prevents consumers from doing quote requests for each company. To compare pricing click here to start a free quote.
The one downside to pricing coverage this way is you don’t know exactly the insurers you want to price. If you would rather choose from a list of companies to compare prices, we put together a list of the cheapest insurance companies in your area. View list of insurance companies.
It’s your choice how you get your quotes, but ensure you are comparing apples-to-apples quote information for each price quote. If you have different values for each quote then you won’t be able to truly determine the lowest rate. Slightly different limits can make a big difference in price. And when comparison shopping, quoting more helps you find a better price.
Insurance can be prohibitively expensive, but you may find discounts that many people don’t even know exist. Certain discounts will be triggered automatically when you complete an application, but a few need to be asked for before you will receive the discount.
Consumers should know that some of the credits will not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like medical payments or collision. So when it seems like adding up those discounts means a free policy, you’re out of luck. Any amount of discount will cut the cost of coverage.
For a list of insurers with the best insurance discounts, click here to view.
Smart consumers have a good feel for the rating factors that come into play when calculating your auto insurance rates. Understanding what impacts premium levels allows you to make educated decisions that will entitle you to better auto insurance rates.
The list below includes some of the items companies use to determine prices.
When buying the right insurance coverage for your vehicles, there really is no “perfect” insurance plan. Each situation is unique.
These are some specific questions may help highlight whether you will benefit from professional help.
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.
Car insurance companies such as 21st Century, Allstate and State Farm regularly use ads on TV and radio. They all seem to make an identical promise that you’ll save big if you move to their company. But how can every company make almost identical claims?
Different companies have a certain “appetite” for the type of customer they prefer to insure. For example, a preferred risk could be between 25 and 40, is a homeowner, and has a high credit rating. Any new insured who fits that profile will get the preferred rates and is almost guaranteed to cut their rates substantially.
Drivers who do not match the “perfect” profile will be quoted a more expensive rate which leads to business going elsewhere. The ad wording is “customers who switch” not “everyone that quotes” save money. That’s the way companies can truthfully state the savings.
This emphasizes why you should compare as many rates as you can. It’s impossible to know which company will have the lowest Mercury Mystique insurance rates.
Learning about specific coverages of your policy can be of help when determining the best coverages for your vehicles. Insurance terms can be confusing and nobody wants to actually read their policy.
Liability insurance – Liability insurance provides protection from damage that occurs to other’s property or people by causing an accident. It protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Some companies may use a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability can pay for things like emergency aid, pain and suffering and funeral expenses. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.
Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your 1998 Mercury Mystique.
Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Collision – Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims such as colliding with a tree, damaging your car on a curb, hitting a mailbox, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.
Insurance for medical payments – Coverage for medical payments and/or PIP reimburse you for bills for doctor visits, EMT expenses, pain medications, funeral costs and hospital visits. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as hitting a deer, theft and hail damage. The highest amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Throughout this article, we presented some good ideas how to save on 1998 Mercury Mystique insurance. The key concept to understand is the more rate comparisons you have, the better your chances of lowering your rates. Consumers may even find the lowest rates come from a small local company.
Drivers who switch companies do it for a number of reasons such as poor customer service, questionable increases in premium, high rates after DUI convictions and even extreme rates for teen drivers. Regardless of your reason for switching companies, finding a new auto insurance company is less work than it seems.
As you restructure your insurance plan, never reduce coverage to reduce premium. There are too many instances where consumers will sacrifice liability limits or collision coverage only to find out they didn’t have enough coverage. The ultimate goal is to buy enough coverage for the lowest price while still protecting your assets.
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