Cheapest Rates for Mercury Mariner Insurance in Lexington

Shockingly, the vast majority of consumers in Kentucky have stayed with the same insurance company for four years or more, and roughly 40% of drivers have never compared rates from other carriers. Drivers in America could save themselves roughly 47% a year by just comparing rate quotes, but most tend to underestimate how much they could save if they moved their coverage to a different company.

It takes a little time, but the best way to find cheaper Mercury Mariner insurance is to start comparing prices regularly from providers in Lexington.

1. Try to comprehend car insurance and the things you can change to drop your rates. Many things that result in higher rates such as traffic tickets, fender benders, and an unfavorable credit rating can be eliminated by making small lifestyle or driving habit changes. Keep reading for more details to help keep rates affordable and get bigger discounts.
2. Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO or Farmers Insurance, while independent agencies can provide price quotes from multiple sources.
3. Compare the new rates to your current policy premium to see if switching to a new carrier will save money. If you find a better price and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Provide adequate notice to your current company to cancel your current car insurance policy. Submit payment and a signed application to your new insurance company. Once the application is submitted, put the certificate verifying coverage in your glove compartment.

An important part of this process is to compare similar limits and deductibles on every quote and and to compare as many car insurance companies as possible. This guarantees a level playing field and a thorough selection of prices.

Finding a lower price on insurance is not a difficult process. Consumers just need to take time comparing free Lexington auto insurance quotes provided by online insurance companies.

The companies shown below offer free quotes in Kentucky. To locate the cheapest car insurance in Kentucky, we suggest you get price quotes from several of them to get a more complete price comparison.

Mercury Mariner insurance discounts in Lexington

Insurance can cost an arm and a leg, but you may be missing some discounts that many people don’t even know exist. Many of these discounts will be applied automatically when you quote, but once in a while a discount must be specifically requested before being credited.

• Homeowners Savings – Simply owning a home can save a few bucks due to the fact that maintaining a home requires a higher level of personal finance.
• Save with a New Car – Buying a new car model can be considerably cheaper compared to insuring an older model.
• Accident Forgiveness Coverage – Not really a discount, but some insurance companies allow you one accident before raising your premiums if your claims history is clear for a set time period.
• Student Discounts – A discount for being a good student may save you up to 25%. Earning this discount can benefit you well after school through age 25.
• Accident Free – Good drivers with no accidents get the best auto insurance rates when compared to bad drivers.
• Multiple Cars – Drivers who insure primary and secondary vehicles with the same company can reduce the rates for all insured vehicles.
• Discount for Low Mileage – Driving fewer miles could earn discounted prices on garaged vehicles.
• Service Members Pay Less – Having a family member in the military may qualify for rate reductions.
• Policy Bundle Discount – If you can combine your homeowners and auto policy with the same company you could earn a discount of over 10 percent off each policy depending on the company.

One thing to note about discounts is that many deductions do not apply to the whole policy. Some only reduce the cost of specific coverages such as comprehensive or collision. So even though they make it sound like you can get free auto insurance, that’s just not realistic. Any qualifying discounts will cut your policy premium.

The chart below shows the comparison of Mercury Mariner insurance rates with and without policy discounts. The rates are based on a male driver, no claims, a clean driving record, Kentucky state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, homeowner, multi-car, marriage, and multi-policy discounts applied.

Larger auto insurance companies and their possible discounts are:

• 21st Century may offer discounts for driver training, theft prevention, teen driver, homeowners, and automatic seat belts.
• State Farm offers discounts for passive restraint, good driver, good student, safe vehicle, driver’s education, multiple autos, and Drive Safe & Save.
• AAA policyholders can earn discounts including anti-theft, good student, AAA membership discount, pay-in-full, and good driver.
• Liberty Mutual has savings for newly retired, newly married, teen driver discount, preferred payment discount, and hybrid vehicle.
• Progressive has discounts for online quote discount, good student, homeowner, continuous coverage, multi-policy, and multi-vehicle.

If you need the cheapest Mercury Mariner rate quotes, ask every prospective company what discounts are available to you. Savings may not be available in Lexington.

Mercury Mariner insurance statistics and information

The premium table shown below showcases detailed analysis of prices for Mercury Mariner models. Being more informed about how auto insurance premiums are calculated is important for drivers to make smart choices when choosing a car insurance company.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Information does not factor in vehicle garaging location which can revise auto insurance rates noticeably.

Choosing deductibles

One frequently asked question is how high should the deductibles for physical damage be. The following insurance rates outline the price difference when you select higher and lower deductibles. The first pricing table uses a $250 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

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

We can derive from the above data that using a $250 deductible costs about $24 more each month or $288 annually than quoting the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 31 months between claim filings, you would save more money if you choose the higher deductible.

Full coverage rates compared to liability-only

The diagram below shows the comparison of Mercury Mariner auto insurance costs with and without full coverage. The data assumes no claims, a clean driving record, $500 deductibles, drivers are not married, and no discounts are factored in.

Are you wasting money paying for full coverage?

There is no clear-cut rule for eliminating full coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Mercury Mariner replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $6,000 after paying your deductible. If you are paying more than $600 annually to have full coverage, then you might want to think about dropping full coverage.

There are some scenarios where buying only liability insurance is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Which auto insurance company is best in Lexington?

Buying coverage from a good quality company can be a challenge considering how many companies there are in Kentucky. The rank data below may help you choose which auto insurance companies to look at when shopping around.

Top 10 Lexington Car Insurance Companies Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. Erie Insurance
8. The General
9. Esurance
10. 21st Century

Top 10 Lexington Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Allstate
3. Nationwide
4. State Farm
5. GEICO
6. Liberty Mutual
7. American Family
8. Esurance
9. AAA Insurance
10. The Hartford

Smart Consumers Can Slash Their Insurance Prices

A large part of saving on insurance is knowing some of the elements that play a part in calculating your premiums. When you know what positively or negatively determines premiums, this enables informed choices that can help you get lower premium levels. Many factors are used when you quote your car insurance policy. Some factors are common sense such as your driving record, but other factors are not quite as obvious like where you live or your financial responsibility.

Men drivers tend to cost more – Statistics have proven women are more cautious behind the wheel. It does not mean women are BETTER drivers than men. Females and males get in accidents at a similar rate, but men get into accidents with more damage. They also have more aggressive citations like DUI and reckless driving. Young men ages 16 to 20 cause the most accidents and thus pay the highest rates.

The chart below shows the difference between Mercury Mariner insurance prices for male and female drivers. The price estimates are based on a clean driving record, no claims, full coverage, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

Five star IIHS safety rating saves money – Vehicles with good safety scores cost less to insure. Safer cars protect occupants better and fewer serious injuries translates into fewer and smaller insurance claims and lower rates for you. If your Mercury Mariner scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.

Never let your coverage expire – Not having insurance can get you a ticket and any future policy may cost more because you let your coverage lapse. In addition to paying higher rates, being ticketed for driving with no insurance may earn you a fine, jail time, or a revoked license.

More traffic equals higher premiums – Having an address in less populated areas of the country is a positive aspect if you are looking for the lowest rates. Urban drivers have more aggressive driving styles and more time behind the wheel. Lower population corresponds to lower accident rates and also fewer theft and vandalism claims.

Save money by having high credit – Having a bad credit score can be an important factor in calculating your insurance rates. Drivers with high credit ratings tend to be more responsible than those with lower credit scores. If your credit could use some work, you could save money insuring your Mercury Mariner if you clean up your credit.

Being married is a bonus – Your spouse may save some money on your insurance bill. Having a significant other translates into being more stable financially and insurance companies reward insureds because married drivers get in fewer accidents.

Premiums drop with age – Older insureds tend to be more responsible, cause fewer claims and accidents, and usually have better credit. Beginning drivers are statistically proven to be inattentive and easily distracted behind the wheel so they pay higher insurance rates.

The data below uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.