Finding low cost Mercury Mountaineer insurance in Minneapolis might be hard for beginners to online price comparisons. With such a large number of agents and companies, it can quickly become a challenge to locate the lowest prices.
Unthinkable but true, most insurance buyers have stayed with the same insurance company for at least four years, and roughly 40% of drivers have never compared quotes from other companies. Most drivers in Minneapolis can cut their rates by approximately 50% a year just by shopping around, but most undervalue how much they could save if they switched.
Locating the best rates in Minneapolis is actually quite easy if you know where to start. Just about every car owner who needs lower cost car insurance will more than likely be able to cut their insurance bill. But Minnesota drivers do need to know the way companies determine how much to charge because rates fluctuate considerably.
When quoting auto insurance, remember that obtaining a wide range of quotes will improve the odds of getting a lower rate than you’re paying now. Some regional insurers cannot provide rate quotes online, so you also need to get price quotes on coverage from those companies, too.
The companies shown below provide price comparisons in Minnesota. To buy cheap auto insurance in MN, it’s highly recommended you get rates from several of them to get a more complete price comparison.
Rates and information analytics
The coverage table shown below highlights estimates of policy rates for Mercury Mountaineer models. Having knowledge of how policy rates are established is important to be able to make decisions when choosing a new policy provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Mountaineer Premier 2WD||$194||$404||$358||$22||$108||$1,086||$91|
|Mountaineer Premier AWD||$194||$404||$358||$22||$108||$1,086||$91|
|Get Your Own Custom Quote Go|
Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Estimates do not factor in specific garaging location which can lower or raise coverage rates considerably.
The information below illustrates how your choice of deductibles and can change Mercury Mountaineer premium costs for different age groups. The rate quotes are based on a single female driver, full coverage, and no discounts are applied.
Should you buy full coverage?
The illustration below shows the difference between Mercury Mountaineer insurance premiums with liability coverage only compared to full coverage. The rate quotes are based on no violations or accidents, $500 deductibles, single marital status, and no discounts are applied.
Should you pay for full coverage?
There is no specific rule to delete physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Mercury Mountaineer replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,000 after paying your deductible. If you are paying over $700 annually for your policy with full coverage, then you may want to consider only buying liability coverage.
There are some scenarios where eliminating full coverage is not recommended. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not buy liability only.
Three reasons insurance is important
Despite the high insurance cost for a Mercury Mountaineer in Minneapolis, insuring your vehicle is required in Minnesota but also provides important benefits.
First, the majority of states have compulsory liability insurance requirements which means state laws require a minimum amount of liability insurance in order to be legal. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Mercury Mountaineer has a lienholder, it’s most likely the lender will make it a condition of the loan that you have insurance to guarantee their interest in the vehicle. If you default on your policy, the lender will be forced to insure your Mercury at a significantly higher premium and require you to pay for it.
Third, insurance preserves not only your car but also your assets. It will also provide coverage for most medical and hospital costs for yourself as well as anyone injured by you. Liability coverage also covers legal expenses if you are sued as the result of an accident. If mother nature or an accident damages your car, collision and comprehensive coverages will pay to repair the damage.
The benefits of insuring your Mountaineer definitely exceed the price paid, particularly for liability claims. An average driver in America overpays more than $820 a year so you should quote and compare rates each time the policy renews to ensure rates are inline.
Components of Your Mercury Mountaineer Insurance Prices
Smart consumers have a good feel for some of the elements that are used to determine your premiums. When you understand what determines premiums, this enables informed choices that could help you find much lower annual insurance costs.
The factors shown below are some of the things used by your company to calculate your rate level.
Your career may increase prices – Did you know that where you work can have an impact on rates? Jobs such as doctors, police officers, and financial analysts generally have the highest average rates in part from high stress levels and long work days. On the other hand, professions such as farmers, students and performers get better rates.
Use but don’t abuse your insurance – Car insurance companies in Minnesota give the lowest premiums to policyholders that do not abuse their auto insurance. If you are the type of insured that files lots of claims you can expect either higher rates or even cancellation. Auto insurance is meant to be used in the event of claims that pose a financial burden.
Performance impacts costs – The make and model of the car, truck or SUV you own makes a huge difference in your auto insurance rates. The lowest premiums are for lower cost passenger cars, but the final cost of insurance is determined by many other factors.
The following chart uses these assumptions: single male driver age 40, full coverage with $500 deductibles, and no discounts or violations. The chart compares Mercury Mountaineer car insurance rates compared to other vehicles that have a range of performance risks.
Avoid unnecessary extra policy coverages – There are quite a few additional extra coverages that you can buy on your Mountaineer policy. Coverages like rental car coverage, better glass coverage, and motor club memberships may not be needed and are just wasting money. You may think they are a good idea when you first buy your policy, but if you don’t need them eliminate the coverages to reduce your premium.
Discounts for married drivers – Having a wife or husband can get you a discount when shopping for insurance. It may mean you are more mature and responsible it has been statistically shown that married drivers get in fewer accidents.
Responsible drivers pay lower prices – Your driving citation history can have a huge impact on auto insurance premiums. Even one ticket can increase rates twenty percent or more. Drivers with clean records receive lower rates as compared to careless drivers. Drivers who have gotten license-revoking violations like hit and run, DWI or reckless driving convictions may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state DMV in order to drive a vehicle legally.
The information below highlights how speeding tickets and accidents can affect Mercury Mountaineer insurance costs for different categories of driver ages. The rate quotes are based on a married male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
Safer vehicles mean better rates – Vehicles with good safety scores tend to have lower insurance rates. Safer cars reduce injuries and better occupant protection means less claims paid which can result in lower premiums.
Mercury Mountaineer insurance discounts in Minneapolis
Not too many consumers would say car insurance is affordable, but there may be some discounts to help offset the cost. Some of these discounts will be visible when you get a quote, but less common discounts must be requested specifically before you get the savings. If you do not double check each discount you deserve, you could be getting lower rates.
- Include Life Insurance and Save – Some insurance carriers give a discount if you purchase some life insurance in addition to your auto policy.
- One Accident Forgiven – Not a discount per se, but companies like GEICO and Allstate will allow you to have one accident before raising your premiums so long as you haven’t had any claims for a set time period.
- Sign Online – Some car insurance companies will provide an incentive for completing your application digitally online.
- Senior Citizens – If you qualify as a senior citizen, you may be able to get a discount up to 10%.
- Bundle and Save – If you combine your auto and homeowners policies with the same insurance company you will save up to 20% and get you low cost Mercury Mountaineer insurance.
You should keep in mind that most discount credits are not given to your bottom line cost. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, you’re out of luck.
The example below visualizes the comparison of Mercury Mountaineer auto insurance rates with and without discounts applied to the premium. The data is based on a male driver, no accidents or driving violations, Minnesota 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, homeowner, multi-car, marriage, multi-policy, and claim-free discounts applied.
To locate companies that can offer you the previously mentioned discounts in Minnesota, click here to view.
Insurance agents near you
A small number of people still prefer to sit down and talk to an agent and that is not a bad decision A nice benefit of comparing insurance prices online is you can get the lowest rates and still choose a local agent.
By using this simple form, your insurance coverage information is instantly submitted to companies in Minneapolis who want to provide quotes to get your business. You won’t need to leave your computer because prices are sent to your email. You’ll get the best rates AND a local agent. If you have a need to compare rates from a specific insurance provider, you can always navigate to their website to submit a rate quote request.
Finding the right insurer needs to be determined by more than just the bottom line cost. Any agent in Minneapolis should have no problem answering these questions:
- By raising physical damage deductibles, how much would you save?
- What companies can they write with?
- Will your rates increase after a single accident?
- Do they write coverage based solely on cost?
- Is the agent CPCU or CIC certified?
After talking to the agent and getting answers to your satisfaction for all questions you ask and a good coverage price, you may have just found a company that can adequately provide insurance. Just remember you are entitled to terminate coverage when you choose so don’t assume that you are obligated to your new company with no way to switch.
What is the best car insurance company in Minneapolis?
Finding the highest-rated auto insurance provider can be difficult considering how many companies are available to choose from in Minneapolis. The ranking information below may help you analyze which car insurance providers to look at shopping prices with.
Top 10 Minneapolis Car Insurance Companies Overall
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
Persistence will pay off
We just showed you a lot of techniques to shop for Mercury Mountaineer insurance online. The key thing to remember is the more times you quote, the better chance you’ll have of finding inexpensive Minneapolis auto insurance quotes. Consumers could even find that the lowest priced auto insurance comes from some of the smallest insurance companies.
When buying insurance coverage, do not reduce needed coverages to save money. There are many occasions where an insured dropped physical damage coverage and learned later that the few dollars in savings costed them thousands. Your aim should be to find the BEST coverage at the best cost and still be able to protect your assets.
Low-cost Mercury Mountaineer insurance in Minneapolis can be bought on the web as well as from insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies may not have internet price quotes and most of the time these regional insurance providers sell through independent agents.
How to find affordable Mercury Mountaineer insurance in Minneapolis
It takes a little time, but the best way to get affordable car insurance rates in Minneapolis is to start doing a yearly price comparison from insurance carriers that sell auto insurance in Minnesota. Drivers can shop around by following these guidelines.
Step 1: It will benefit you to learn about auto insurance and the changes you can make to lower rates. Many risk factors that are responsible for high rates like accidents, careless driving, and a substandard credit score can be remedied by making minor driving habit or lifestyle changes.
Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from one company like Progressive or State Farm, while independent agencies can provide rate quotes for many different companies. Get quotes now
Step 3: Compare the quotes to your current policy premium and determine if cheaper Mountaineer coverage is available. If you can save some money and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
The most important part of this process is to use the same amount of coverage on each quote request and and to get rates from every company you can. Doing this guarantees a fair price comparison and the best price selection.
- Vehicle Safety Ratings (iihs.org)
- Who Has the Cheapest Auto Insurance for a Learners Permit in Minneapolis? (FAQ)
- Who Has Cheap Minneapolis Car Insurance Quotes for First-time Drivers? (FAQ)
- What Auto Insurance is Cheapest for a Jeep Wrangler in Minneapolis? (FAQ)
- What Insurance is Cheapest for Postal Workers in Minneapolis? (FAQ)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- What to do at the Scene of an Accident (Insurance Information Institute)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)