Cheapest Insurance for a Mercury Mariner in Greensboro

If you want to find the absolute lowest rates, then the best way to quote cheaper auto insurance rates is to regularly compare quotes from companies in Greensboro.

1. Try to learn about policy coverages and the factors you can control to keep rates low. Many things that result in higher prices like tickets, at-fault accidents, and your credit history can be improved by making lifestyle changes or driving safer.
2. Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from a single company like GEICO and State Farm, while agents who are independent can give you price quotes for a wide range of companies.
3. Compare the price quotes to your existing rates to see if a cheaper rate is available. If you find better rates and buy the policy, verify that coverage does not lapse between policies.
4. Give notification to your agent or company to cancel your current auto insurance policy and submit a completed policy application and payment for your new coverage. Don’t forget to put the new certificate verifying proof of insurance with the vehicle registration.

A tip to remember is that you’ll want to compare the same level of coverage on each price quote and and to get rates from as many car insurance companies as possible. This provides the most accurate price comparison and a thorough selection of prices.

It’s a known fact that auto insurance companies don’t want you comparing rates. People who shop around for better prices will probably buy a different policy because there is a good chance of finding lower rate quotes. A study discovered that consumers who shopped around annually saved approximately $70 a month compared to other drivers who don’t make a habit of comparing rates.

If finding the cheapest price on insurance in Greensboro is your objective, then learning a little about the best ways to find and compare coverages can help make the process easier and more efficient.

Rates and information analytics

The table below highlights different insurance policy prices for Mercury Mariner models. Having a better understanding of how policy premiums are figured can help customers make informed decisions when comparing rate quotes.

Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Estimates do not factor in your specific Greensboro location which can modify prices substantially.

Where to set your deductibles

One common question asked by Greensboro drivers is which deductible level should you buy. The data tables below may help to conceptualize the cost difference when you buy lower versus higher comp and collision deductibles. The first data table uses a $250 deductible for comp and collision and the second set of prices uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can influence price quotes noticeably.

Using the data above, we can ascertain that using a $250 deductible costs roughly $10 more each month or $120 every year averaged for all Mariner models than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you go more than 25 months between claims, you would probably be better off if you opt for a higher deductible. Below is the way you can make your own decision.

One important note is that a higher deductible level results in more money out-of-pocket when you have a claim. That will require enough extra money in order to pay the deductible to have repairs made.

Does full coverage make sense?

The diagram below shows the difference between Mercury Mariner insurance costs with full coverage and liability only. The premium estimates are based on no tickets, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.

When to drop comprehensive and collision

There is no clear-cut formula to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of having full coverage is about 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 Mariner replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $4,000 after the policy deductible has been paid. If premiums are more than $400 a year for full coverage, then it may be the right time to buy liability only.

There are a few cases where dropping full coverage is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

Learn How to Lower Your Insurance Rates

Many different elements are part of the equation when premium rates are determined. Some are pretty understandable such as your driving history, although some other factors are less apparent like your continuous coverage or how financially stable you are.

The itemized list below are a partial list of the pieces used by insurance companies to determine your prices.

Lower premiums for vehicles with better crash test results – Vehicles that have high safety ratings cost less to insure. Highly rated vehicles result in less severe injuries and any reduction in injury severity means less claims paid which can result in lower premiums. If your Mercury Mariner has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.

More than one policy can earn a discount – Lots of companies will give better rates to buyers that have more than one policy, otherwise known as a multi-policy discount. Even if you qualify for this discount already, it’s always a smart idea to compare other company rates to confirm you are receiving the best rates possible. You may still be able to find lower rates by splitting coverages up.

Incidental coverages that aren’t used – There are quite a few add-on coverages you can purchase if you don’t pay attention. Add-on coverages like rental car reimbursement, accidental death, and extra life insurance coverage are probably not needed. They may seem like a good idea when talking to your agent, but your needs may have changed so consider taking them off your policy.

Big cities mean more claims – Being located in areas with lower population is a positive aspect when trying to find low car insurance rates. Less people corresponds to lower accident rates and a lower car theft rate. Drivers in populated North Carolina areas have much more traffic and more time behind the wheel. Spending more time driving means more chances of being involved in an auto accident.

Better car insurance rates for being claim-free – Insurance companies in North Carolina give cheaper rates to people who only file infrequent claims. If you are the type of insured that files lots of claims you can pretty much guarantee either policy cancellation or increased premiums. Insurance coverage is intended to be relied upon for more catastrophic claims.

Fewer miles means better rates – The more you drive your Mercury each year the higher the price you pay to insure it. A lot of insurance companies price each vehicle’s coverage determined by how the vehicle is used. Autos that do not get driven very much can be on a lower rate level than vehicles that are driven to work every day. A policy that improperly rates your Mariner can cost quite a bit. Ask your agent if your car insurance policy shows annual mileage.

Age of drivers – Older drivers are shown to be more cautious, statistically cause fewer accidents, and receive fewer citations. Teen drivers tend to be easily distracted when driving and because of this, their car insurance rates are much higher.

The following chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

Prices for men may be higher – Statistics show that women are safer drivers than men. That doesn’t necessarily mean that females are better at driving than males. Both sexes cause fender benders at about the same rate, but guys get into accidents with more damage. In addition to higher claims, males also get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly.

The illustration below shows the comparison of Mercury Mariner insurance prices for male and female drivers. The rates are based on no accidents, no driving violations, comp and collision included, $250 deductibles, drivers are not married, and no policy discounts are applied.

Cover all your bases

More affordable car insurance in Greensboro is definitely available from both online companies as well as from insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. A few companies do not provide rates over the internet and most of the time these small, regional companies prefer to sell through independent agencies.

When buying insurance coverage, it’s very important that you do not buy less coverage just to save a little money. There are many occasions where an insured cut liability limits or collision coverage and discovered at claim time that the few dollars in savings costed them thousands. Your strategy should be to get the best coverage possible at the best cost, but do not sacrifice coverage to save money.

To read more, link through to the resources below:

• Senior Drivers (Insurance Information Institute)
• How Much is Car Insurance for 18 Year Olds in Greensboro? (FAQ)
• Who Has the Cheapest Greensboro Car Insurance for 16 Year Olds? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for College Students in Greensboro? (FAQ)
• Choosing an Insurance Company (Insurance Information Institute)
• Understanding your Policy (NAIC.org)