How to Compare Lexington Mercury Milan Insurance

How long have you put off shopping around for the cheapest Mercury Milan insurance in Lexington? Locating cheaper insurance for a Mercury Milan in Kentucky can turn out to be a lot of work, but you can learn these tips and make it easy.

There are more efficient ways to buy auto insurance so you’re going to learn the proper way to quote coverages for a Mercury and get the cheapest rates from both online companies and Lexington agents.

If you have insurance now or just want a better rate, you can use this information to get lower rates without reducing coverage. Pricing the best policy in Lexington is easy to do. Smart shoppers just have to learn the proper way to shop their coverage around instantly.

Reducing your insurance rates is not rocket science. All you need to do is spend a little time getting comparison quotes from some recommended companies.

The companies shown below offer free rate quotes in Lexington, KY. If multiple companies are listed, we recommend you compare several of them in order to find the most competitive rates.

Choosing Milan insurance is an important decision

Despite the fact that insurance is not cheap in Lexington, maintaining insurance is a good idea for several reasons.

• Almost all states have minimum liability requirements which means you are required to carry a specific level of liability insurance coverage in order to get the vehicle licensed. 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 took out a loan on your vehicle, most banks will require that you buy full coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank may insure your Mercury at a more expensive rate and require you to reimburse them for the expensive policy.
• Insurance protects both your Mercury Milan and your assets. It will also reimburse you for all forms of medical expenses for yourself as well as anyone injured by you. Liability insurance will also pay for a defense attorney if you are sued as the result of an accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of insuring your car more than offset the price you pay, particularly when you have a large claim. But the average driver in Kentucky is overpaying over $855 a year so it’s recommended you shop around every year to ensure rates are competitive.

Analysis of coverages

The price information displayed next showcases detailed analysis of coverage prices for Mercury Milan models. Understanding more about how rate quotes are calculated is important for drivers to make smart choices when purchasing an insurance policy.

Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Rate information does not factor in vehicle garaging location which can impact premium rates considerably.

Higher deductibles lower rates

The hardest decision when buying coverage is where to set your physical damage deductibles. The comparison tables below show the cost difference between low and high physical damage coverage deductibles. The first pricing table uses a $100 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in Lexington location which can revise price quotes significantly.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you roughly $36 more each month or $432 each year than quoting the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 25 months between claim filings, you would most likely save money by selecting a higher deductible.

Mercury Milan insurance premiums by gender in Lexington

The diagram below shows the comparison of Mercury Milan insurance rates for male and female drivers. The costs are based on no accidents, no driving violations, comprehensive and collision coverage, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Companies offer money-saving discounts on Mercury Milan insurance in Lexington

Insuring your vehicles can cost a lot, but you might already qualify for some discounts that you may not even be aware of. Some of these discounts will be visible when you quote, but occasionally some discounts must be specially asked for before you get the savings.

• College Student – Kids who attend college more than 100 miles from Lexington without a vehicle on campus may be able to be covered for less.
• Smart Student Discounts – Performing well in school could provide a savings of up to 20% or more. The discount lasts well after school through age 25.
• Claim Free – Good drivers with no accidents pay much less in comparison to accident-prone drivers.
• Passive Restraint Discount – Cars that have air bags may earn rate discounts of 20% or more.
• Accident Waiver – This one is not really a discount per se, but certain companies will let one accident slide without getting socked with a rate hike if you are claim-free for a set time period.
• Responsible Driver Discount – Drivers without accidents may save up to 50% more than drivers with accident claims.
• Multiple Policy Discount – If you can combine your homeowners and auto policy with one company you could earn a discount of at least 10 to 15 percent or more.
• Clubs and Organizations – Participating in certain professional organizations is a simple method to lower premiums on your next insurance statement.
• Low Mileage Discounts – Driving less may enable drivers to earn lower insurance rates on the low mileage vehicles.
• Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class in school.

Don’t be shocked that many deductions do not apply to all coverage premiums. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like all those discounts means the company will pay you, that’s just not realistic.

The illustration below compares Mercury Milan insurance prices with and without discounts applied to the policy rates. The information is based on a female driver, no claims or driving violations, Kentucky state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, multi-car, multi-policy, and claim-free discounts applied.

A few popular companies and some of the premium reductions they offer are outlined below.

• Progressive may have discounts that include online signing, good student, multi-vehicle, multi-policy, homeowner, online quote discount, and continuous coverage.
• GEICO includes discounts for federal employee, emergency military deployment, membership and employees, anti-lock brakes, and seat belt use.
• State Farm offers premium reductions for passive restraint, Drive Safe & Save, multiple autos, Steer Clear safe driver discount, student away at school, and good student.
• Esurance may include discounts for safety device, claim free, Switch & Save, anti-lock brakes, emergency road assistance, homeowner, and multi-policy.
• The Hartford policyholders can earn discounts including vehicle fuel type, good student, air bag, driver training, defensive driver, bundle, and anti-theft.

Before you buy a policy, ask each company or agent how you can save money. Savings might not be available to policyholders in every state.

Your auto insurance coverage should be tailored to you

When quoting and comparing the right insurance coverage, there really is not a cookie cutter policy. Each situation is unique and your auto insurance should unique, too.
Here are some questions about coverages that might help in determining whether your personal situation might need an agent’s assistance.

• Am I covered if I hit my neighbor’s mailbox?
• Are rental cars covered under my policy?
• Does my liability insurance cover pulling a trailer or camper?
• Am I covered if I drive in a foreign country?
• Is my Mercury Milan covered for smoke damage?
• Does low annual mileage earn a discount?
• Does my policy cover my teen driver if they drive my company car?
• What companies insure drivers after a DUI or DWI?
• Who is covered when they drive my Mercury Milan?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It is quick, free and you can get the answers you need.