Are you sick and tired of not being able to afford to pay your car insurance bill each month? You’re in the same situation as millions of other consumers. There are many insurance companies to insure vehicles with, and even though it’s nice to have a selection, it can be more challenging to compare rates and cut insurance costs.
You need to get comparison quotes once or twice a year because rates are constantly changing. Just because you had the lowest rates on Capri insurance last year other companies may now be cheaper. So block out anything you think you know about auto insurance because you’re about to learn the tricks you need to know to remove unneeded coverages and save money.
Elements that influence Mercury Capri rates
Consumers need to have an understanding of the factors that go into determining the rates you pay for auto insurance. Knowing what impacts premium levels empowers consumers to make smart changes that will entitle you to lower auto insurance prices.
Listed below are some of the factors used by your company to calculate prices.
- High numbers of claims are not good – If you frequently file small claims, you can expect higher rates. Insurance companies generally give lower rates to policyholders who file claims infrequently. Insurance coverage is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
- Where do you drive? – The more miles you rack up on your Mercury each year the more you’ll pay to insure your vehicle. Most insurance companies apply a rate determined by how the vehicle is used. Autos left parked in the garage can get a lower rate than those used for commuting. Make sure your auto insurance policy is showing how each vehicle is driven, because it can save money. Incorrect usage on your Capri may be wasting your money.
- Do you work long hours in a high stress job? – Did you know your occupation can influence how much you pay for auto insurance? Occupations such as lawyers, business owners and financial analysts are shown to have higher average rates in part from stressful work requirements and lots of time spent at work. Conversely, occupations like scientists, engineers and homemakers pay the least on Capri insurance.
- Don’t let your coverage lapse – Driving without insurance can get your license suspended and auto insurance companies will penalize you for letting your insurance lapse. And not only will insurance be more expensive, but being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.You may have to provide proof of insurance in the form of an SR-22 filing with your state DMV.
- Men are more aggressive – Statistics demonstrate women tend to be less risk to insure than men. That doesn’t necessarily mean that women are BETTER drivers than men. Women and men have accidents in similar numbers, but the men cause more damage. Men also statistically get more serious tickets like DUI and reckless driving. Young males are most likely to cause an accident and therefore have the most expensive auto insurance rates.
- Higher safety ratings means cheaper insurance – Cars with high safety ratings can get you lower premiums. Safer cars reduce injuries and lower injury rates translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Mercury Capri earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
Auto Insurance Comparisons
Getting a lower price on Mercury Capri insurance can be quick and easy. You just have to take the time comparing rates provided by online insurance companies. It is quite easy and can be accomplished in a couple of different ways.
- The most efficient way consumers can analyze rates is a comparison rater form like this one (opens in new window). This type of form prevents you from having to do boring form submissions to each individual auto insurance company. In just a few minutes this one form gets you coverage quotes .
- A harder way to get comparison quotes consists of visiting each company website to complete their respective quote request forms. For example, let’s say you want to compare rates from Progressive, 21st Century and American Family. To get rate quotes you would need to go to every website to input your insurance information, which is why the first method is quicker.
For a list of links to insurance companies in your area, click here.
However you get your quotes, make absolute certain that you use identical coverages and limits with every price quote. If you use different limits and deductibles on each one it’s impossible to find the best deal for your Mercury Capri.
Take advantage of discounts
Car insurance companies do not list all available discounts very clearly, so the following is a list of both the well known and the harder-to-find discounts you could be receiving. If you’re not getting every credit possible, you’re just leaving money on the table.
- Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% on Capri insurance with a few auto insurance companies.
- Distant Student – Youth drivers who attend school more than 100 miles from home and do not have access to a covered vehicle may be able to be covered for less.
- Passive Restraint Discount – Vehicles with factory air bags or motorized seat belts can receive discounts of up to 25% or more.
- Multiple Vehicles – Buying coverage for multiple vehicles with the same company qualifies for this discount.
- Driver Safety – Completing a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
- Discount for Life Insurance – Larger companies have a discount if you purchase auto and life insurance together.
Drivers should understand that most discount credits are not given to the entire policy premium. Some only apply to individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears adding up those discounts means a free policy, companies don’t profit that way.
To choose companies offering auto insurance discounts, click here to view.
How to know if you need help
When it comes to buying coverage, there really is no cookie cutter policy. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that might point out if your insurance needs may require specific advice.
- Can I afford low physical damage deductibles?
- Do I have any recourse if my insurance company denies a claim?
- Can I pay claims out-of-pocket if I buy high deductibles?
- What can I do if my company denied a claim?
- Does medical payments coverage apply to all occupants?
- Is borrowed equipment or tools covered if stolen or damaged?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.
A little work can save a LOT of money
As you shop your coverage around, never reduce needed coverages to save money. In too many instances, an accident victim reduced physical damage coverage only to regret that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.
Affordable Mercury Capri insurance can be sourced both online and with local insurance agents, and you should be comparing both to get a complete price analysis. Some insurance companies do not offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.
