A recent auto insurance study discovered that a large majority of drivers in North Carolina have stayed with the same insurance company for a minimum of four years, and just short of a majority have never compared rates with other companies. The average driver in the U.S. could cut their rates by $860 a year, but they won’t spend time to compare rates online.
If you want to save money, the best way to find cheaper Mercury Mountaineer insurance in Raleigh is to begin comparing prices regularly from companies in North Carolina. Rates can be compared by following these steps.
Step 1: Read about auto insurance and the things you can control to drop your rates. Many rating factors that are responsible for high rates such as accidents, careless driving, and a less-than-favorable credit history can be amended by making minor changes in your lifestyle.
Step 2: Request price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from a single company like GEICO and State Farm, while independent agencies can give you price quotes for a wide range of companies.
Step 3: Compare the quotes to the premium of your current policy to determine if you can save on Mountaineer insurance. If you find better rates and buy the policy, verify that coverage does not lapse between policies.
Step 4: Tell your current company to cancel your current coverage. Submit payment and a completed application to your new carrier. Immediately upon receiving it, safely store the proof of insurance paperwork in your vehicle’s glove compartment or console.
One thing to remember is that you’ll want to compare identical coverage information on every price quote and and to get rate quotes from as many companies as feasibly possible. This provides a fair price comparison and the best price selection.
When shopping for Mercury Mountaineer insurance in Raleigh there are multiple ways to compare rate quotes from many different North Carolina insurance companies. The easiest way by far to find affordable insurance rates is to jump online and get quotes.
When quoting auto insurance, remember that more quotes will enable you to find the best rates.
The following companies offer free quotes in Raleigh, NC. If you wish to find cheaper auto insurance in NC, we suggest you compare several of them to get the most affordable price.
Auto insurance just makes sense
Despite the high cost, insuring your vehicle is required in North Carolina but it also protects you in many ways.
First, most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability in order to be legal. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a lien on your Mercury Mountaineer, most lenders will require that you have physical damage coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the lender may insure your Mercury at a much higher rate and force you to reimburse them the higher premium.
Third, insurance protects your Mercury Mountaineer and your assets. It will also reimburse you for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If you have damage to your Mercury as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance are without a doubt worth the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver overpays as much as $810 a year so it’s recommended you shop around at every renewal to save money.
Rates and statistics
The price information below showcases different insurance coverage prices for Mercury Mountaineer models. Being more informed about how insurance rates are formulated is important for making smart choices when selecting a coverage provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Mountaineer Premier 2WD||$196||$378||$336||$20||$100||$1,030||$86|
|Mountaineer Premier AWD||$196||$378||$336||$20||$100||$1,030||$86|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Prices do not factor in Raleigh location which can lower or raise premium rates considerably.
Rate comparison of males versus females in Raleigh
The chart below compares Mercury Mountaineer yearly insurance costs for male and female drivers. The data is based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, single status, and no discounts are applied to the premium.
Price comparison of only insuring for liability
The example below compares Mercury Mountaineer insurance prices with full coverage compared to only the North Carolina minimum liability coverage. The price estimates are based on no claims or driving citations, $100 deductibles, drivers are single, and no discounts are factored in.
When to drop full coverage
There is no set guideline of when to drop comp and collision coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
For example, let’s assume your Mercury Mountaineer settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after paying the physical damage deductible. If you are paying over $600 annually for full coverage, then it might be time to buy liability only.
There are some scenarios where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not opt for liability only.
Get cheaper rates by applying these five discounts
Auto insurance companies do not advertise the complete list of policy discounts in a way that’s easy to find, so the list below contains a few of the more well known as well as the least known discounts you could be receiving when you buy Raleigh car insurance online.
- Distant College Student Discount – Youth drivers who are enrolled in a college that is more than 100 miles from Raleigh and do not take a car to college can be insured at a reduced rate.
- Paperless Signup – Many auto insurance companies will provide an incentive simply for signing on their website.
- One Accident Forgiven – This one is not really a discount per se, but a handful of insurance companies allow you one accident without the usual rate increase as long as you don’t have any claims for a set time period.
- Sign Early and Save – Some larger companies give discounts for switching policies early. You could save around 10% when you buy Raleigh car insurance online.
- Telematics Data Discounts – Insureds who allow companies to study where and when they drive by installing a telematics device like In-Drive from State Farm and Progressive’s Snapshot might see lower rates if they are good drivers.
Don’t be shocked that most discounts do not apply to the entire cost. Most cut the price of certain insurance coverages like liability and collision coverage. So even though you would think all the discounts add up to a free policy, insurance companies wouldn’t stay in business.
The example below illustrates the difference between Mercury Mountaineer insurance costs with and without some available policy discounts. The costs are based on a female driver, a clean driving record, no claims, North Carolina 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 claim-free, multi-car, safe-driver, marriage, multi-policy, and homeowner discounts applied.
Popular auto insurance companies and some of the premium reductions they offer are outlined below.
- Progressive discounts include online signing, good student, multi-vehicle, online quote discount, continuous coverage, multi-policy, and homeowner.
- GEICO offers discounts for daytime running lights, five-year accident-free, seat belt use, anti-theft, emergency military deployment, and membership and employees.
- State Farm may have discounts that include passive restraint, Drive Safe & Save, safe vehicle, Steer Clear safe driver discount, defensive driving training, and anti-theft.
- Esurance includes discounts for defensive driver, Pac-12 alumni, online quote, renters, Switch & Save, anti-lock brakes, and good student.
- The Hartford offers discounts including vehicle fuel type, anti-theft, defensive driver, air bag, driver training, and good student.
If you need low cost Raleigh car insurance quotes, ask all companies you are considering which discounts you may be entitled to. Some of the earlier mentioned discounts might not apply everywhere. If you would like to see a list of providers that offer multiple discounts in North Carolina, click here.