It’s hard to fathom, but a large majority of drivers kept their coverage with the same car insurance company for a minimum of four years, and practically 40% of car insurance customers have never compared rate quotes at all. Many consumers in Miami could cut their rates by $1,126 a year just by shopping around, but they just assume it’s a time-consuming process to do a rate comparison.
The best way to get budget Mercury Mountaineer insurance in Miami is to make a habit of regularly comparing prices from different companies who sell auto insurance in Florida. Price quotes can be compared by following these steps.
- First, get an understanding of coverages and the changes you can make to keep rates low. Many policy risk factors that increase rates such as distracted driving and a substandard credit score can be controlled by making minor driving habit or lifestyle changes.
- Second, get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from one company like Progressive or State Farm, while agents who are independent can provide price quotes from many different companies. Get quotes now
- Third, compare the new rates to your current policy premium to see if a cheaper price is available. If you find a better price, ensure coverage does not lapse between policies.
- Fourth, give proper notification to your current agent or company to cancel the current policy and submit the required down payment along with the signed application to the newly selected company. As soon as you receive it, put the certificate of insurance somewhere easily accessible.
The key aspect of shopping around is that you use identical coverage information on every price quote and and to get prices from as many companies as you can. Doing this ensures a fair rate comparison and a thorough price selection.
Discount Miami auto insurance rates
Auto insurance is not cheap nor is it fun to buy but you might find some hidden discounts to reduce the price significantly. A few discounts will be applied at the time of quoting, but once in a while a discount must be requested specifically before they will apply.
- Low Miles Discount – Keeping the miles down on your Mercury may allow you to get better prices on cars that stay parked.
- Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts may earn rate discounts as much as 30%.
- Sign Early and Save – Some auto insurance companies give discounts for renewing your policy prior to your current Mountaineer insurance policy expiration. You can save around 10% with this discount.
- Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school or through a local driver safety program.
- E-sign – A few larger online companies will give a small break for buying your policy on your computer.
- Defensive Driver Discount – Taking time to complete a safe driver course may get you a small discount if you qualify.
- Good Student Discount – Being a good student can save 20 to 25%. This discount can apply until age 25.
- Savings for New Vehicles – Insuring a new Mountaineer can be considerably cheaper because newer vehicles keep occupants safer.
A little disclaimer on discounts, most of the big mark downs will not be given to the entire cost. The majority will only reduce specific coverage prices like collision or personal injury protection. Even though the math looks like all the discounts add up to a free policy, you won’t be that lucky.
The illustration below shows the comparison of Mercury Mountaineer insurance costs with and without discounts applied. The price estimates are based on a female driver, no claims, a clean driving record, Florida state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, multi-car, claim-free, marriage, and safe-driver discounts applied.
Companies and some of the discounts are included below.
- Farm Bureau includes discounts for safe driver, youthful driver, multi-policy, multi-vehicle, good student, and renewal discount.
- MetLife offers discounts including good driver, defensive driver, accident-free, good student, claim-free, and multi-policy.
- Progressive may include discounts for multi-vehicle, continuous coverage, multi-policy, homeowner, good student, and online signing.
- AAA has discounts for good driver, anti-theft, multi-car, multi-policy, AAA membership discount, pay-in-full, and good student.
- American Family may have discounts that include Steer into Savings, accident-free, good student, bundled insurance, early bird, and air bags.
- GEICO has savings for daytime running lights, federal employee, multi-policy, five-year accident-free, driver training, multi-vehicle, and seat belt use.
- State Farm may offer discounts for good student, multiple policy, Drive Safe & Save, defensive driving training, and Steer Clear safe driver discount.
When getting free Miami auto insurance quotes, it’s a good idea to all companies you are considering to give you their best rates. Some credits might not apply in Miami. If you would like to see a list of insurance companies who offer discounts in Miami, click this link.
Reducing your insurance rates can be relatively painless. Consumers just need to take time comparing rate quotes to discover which company has low cost Miami auto insurance quotes.
The providers in the list below have been selected to offer free rate quotes in Florida. To get the cheapest car insurance in Miami, FL, we recommend you get rates from several of them to get the best price comparison.
Insurance coverage analysis
The data table shown below highlights detailed analysis of insurance policy prices for Mercury Mountaineer models. Having a good grasp of how auto insurance premiums are determined can help guide drivers when making smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mountaineer 2WD | $410 | $648 | $546 | $32 | $164 | $1,800 | $150 |
| Mountaineer AWD | $462 | $648 | $546 | $32 | $164 | $1,852 | $154 |
| Mountaineer Premier 2WD | $462 | $764 | $546 | $32 | $164 | $1,968 | $164 |
| Mountaineer Premier AWD | $462 | $764 | $546 | $32 | $164 | $1,968 | $164 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Estimates do not factor in the specific area where the vehicle is garaged which can revise premiums noticeably.
Policy deductible comparison
One of the more difficult decisions when buying car insurance is what deductibles to buy. The comparisons below can help you visualize the premium difference when you choose different comp and collision deductibles. The first table uses a $100 physical damage coverage deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mountaineer 2WD | $358 | $648 | $418 | $24 | $124 | $1,597 | $133 |
| Mountaineer AWD | $406 | $648 | $418 | $24 | $124 | $1,645 | $137 |
| Mountaineer Premier 2WD | $406 | $764 | $418 | $24 | $124 | $1,761 | $147 |
| Mountaineer Premier AWD | $406 | $764 | $418 | $24 | $124 | $1,761 | $147 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mountaineer 2WD | $262 | $438 | $418 | $24 | $124 | $1,266 | $106 |
| Mountaineer AWD | $296 | $438 | $418 | $24 | $124 | $1,300 | $108 |
| Mountaineer Premier 2WD | $296 | $516 | $418 | $24 | $124 | $1,378 | $115 |
| Mountaineer Premier AWD | $296 | $516 | $418 | $24 | $124 | $1,378 | $115 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Table data does not factor in specific Miami garaging location which can change auto insurance rates significantly.
Using the premium rates above, we can conclude that using a $100 deductible will cost you roughly $30 more each month or $360 a year than quoting the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at least 13 months between claims, you would save more money going with the higher deductible.
Cautious drivers save money
The information below shows how speeding tickets and at-fault fender-benders impact Mercury Mountaineer car insurance rates for different age groups. The data assumes a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
Gender differences in car insurance premiums
The information below compares Mercury Mountaineer yearly insurance costs for male and female drivers. Data assumes no claims or violations, full coverage, $1,000 deductibles, marital status is single, and no discounts are applied.
Should you buy full coverage?
The diagram below illustrates the comparison of Mercury Mountaineer annual premium costs with full coverage compared to only the Florida minimum liability coverage. The price estimates are based on a clean driving record, no claims, $100 deductibles, drivers are not married, and no discounts are applied to the premium.
When to stop buying full coverage
There is no definitive formula of when to stop paying for comp and collision coverage, but there is a general school of thought. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Mercury Mountaineer replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If premium cost is more than $800 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are a few cases where buying only liability insurance is not in your best interest. If you haven’t satisfied your loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage in place.
How Your Mountaineer Insurance Premiums are Determined
One of the most helpful ways to save on insurance is to to have a grasp of some of the elements that play a part in calculating your insurance rates. If you have some idea of what impacts premium levels, this enables informed choices that may result in lower rates. Many things are used when quoting car insurance. Some of the criteria are obvious like a motor vehicle report, but other criteria are not as apparent like your vehicle usage or your financial responsibility.
The factors shown below are some of the factors used by companies to determine your rate level.
Save money by having multiple policies – Some insurers give better rates to clients who consolidate policies with them. It’s known as a multi-policy discount. Even with this discount applied, you still need to compare Mercury Mountaineer rates in Miami to confirm you are receiving the best rates possible. It’s possible to still save even more than the discount even if you have your coverage with different companies
Having a spouse can save on insurance – Your spouse can get you a discount on your policy. Having a spouse demonstrates that you tend to be more stable financially and statistics prove married drivers tend to have fewer serious accidents.
Low deductibles mean high rates – Physical damage protection, also called ‘full coverage’, insures against damage to your Mercury. Examples of covered claims are running into the backend of another car, hail damage, and windstorm damage. Physical damage deductibles are the amount of money you are required to spend in the event of a claim. The more of the claim you choose to pay out-of-pocket, the better rate you will receive.
Do you have enough liability protection? – The liability coverage on your policy provides coverage if a court rules you are at fault for causing personal injury or damage in an accident. Liability insurance provides you with a defense in court to defend your case. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Urban areas may pay more – Living in small towns and rural areas can be a good thing when insuring your vehicles. Drivers in populated areas tend to have more traffic problems and longer commute times. Less people living in that area translates into fewer accident claims and also fewer theft and vandalism claims.
Always have insurance – Having an insurance coverage lapse can be a fast way to increase your rates. In addition to paying higher premiums, getting caught without coverage might get you fines and jail time.
Special considerations
When quoting and comparing coverage, there is no cookie cutter policy. Every situation is different.
These are some specific questions can aid in determining if your insurance needs would benefit from professional advice.
- Am I covered if I drive in a foreign country?
- Why are teen drivers so expensive to add on to my policy?
- Can I get by with minimal medical coverage if I have good health insurance?
- When should my teen driver be added to my policy?
- Do I have coverage when making deliveries for my home business?
- Do I need PIP (personal injury protection) coverage in Florida?
If you’re not sure about those questions then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and may give you better protection.
When should I talk to an insurance agency?
Some people still like to get advice from a local agent and doing so can bring peace of mind Good agents will help you protect your assets and help in the event of a claim. One of the great benefits of comparing rate quotes online is that you can find cheaper premium rates and still buy from a local agent.
By using this short form, your coverage information is emailed to participating agents in Miami who want to provide quotes for your insurance coverage. You won’t need to contact any agents since rate quotes are delivered to you instantly. If you wish to compare prices from one company in particular, feel free to go to their quote page to submit a rate quote request.
Finding the right company needs to be determined by more than just the bottom line cost. The following questions are important to ask.
- How is replacement cost determined on your vehicle?
- What company holds the largest book of business for them?
- Is there a Errors and Omissions policy in force?
- Does the company allow you to choose your own collision repair facility?
- Do they reduce claim amounts on high mileage vehicles?
Listed below are Miami insurance companies that are able to give price quotes for Mercury Mountaineer insurance in Miami.
- SOL Insurance Agency
1370 W Flagler St – Miami, FL 33135 – (305) 643-2333 – View Map - Rick Burke – State Farm Insurance Agent
2250 S Dixie Hwy Ste. 2 – Miami, FL 33133 – (305) 860-0616 – View Map - JM Private Insurance Agency
7274 SW 48th St – Miami, FL 33155 – (305) 908-1832 – View Map - Alhambra Insurance
932 SW 67th Ave – Miami, FL 33144 – (305) 774-9210 – View Map
Three reasons to not skimp on auto insurance
Despite the potentially high cost of Mercury Mountaineer insurance, auto insurance is required for several reasons.
First, the majority of states have minimum mandated liability insurance limits which means state laws require specific limits of liability insurance in order to drive the car. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Mercury Mountaineer has a lienholder, almost all lenders will require that you have full coverage to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Mercury at a much higher rate and require you to fork over the higher price.
Third, insurance safeguards both your assets and your vehicle. It will also reimburse you for all forms of medical expenses incurred in an accident. Liability coverage will also pay to defend you if you cause an accident and are sued. If damage is caused by hail or an accident, your auto insurance policy will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance definitely exceed the price paid, especially when you need to use it. On average, a vehicle owner in Miami is wasting up to $865 each year so you should quote your policy with other companies at every renewal to ensure rates are inline.
How to find a good Miami auto insurance company
Insuring your vehicle with a good quality auto insurance provider can be difficult considering how many different insurance companies sell coverage in Florida. The company ratings listed below can help you decide which coverage providers you want to consider comparing rates with.
Top 10 Miami Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Final considerations
When trying to cut insurance costs, make sure you don’t reduce needed coverages to save money. There have been many cases where someone dropped physical damage coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to buy a smart amount of coverage at the best possible price while not skimping on critical coverages.
Throughout this article, we presented a lot of ways to get a better price on Mercury Mountaineer insurance in Miami. The key concept to understand is the more companies you get premium rates for, the more likely it is that you will get a better rate. Consumers may even find the best auto insurance rates are with a company that doesn’t do a lot of advertising.
More affordable car insurance in Miami can be bought online in addition to many Miami insurance agents, so get free Miami auto insurance quotes from both of them in order to have the best price selection to choose from. Some insurance companies may not provide online price quotes and most of the time these regional insurance providers only sell through independent insurance agents.
Even more information is available in these articles:
- Should I Buy a New or Used Car? (Allstate)
- How Much are Car Insurance Quotes for a Jeep Wrangler in Miami? (FAQ)
- Who Has Affordable Miami Car Insurance for a Mazda CX-7? (FAQ)
- What Insurance is Cheapest for Uber Drivers in Miami? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Chevrolet Silverado in Miami? (FAQ)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Vehicle Insurance (Wikipedia)