Do you think you bought high-priced Mercury Montego insurance in Tampa? Say no more because there are many Tampa consumers feeling the pinch from expensive insurance.
Surprisingly, a recent survey revealed that almost 70% of drivers in Florida kept their policy with the same company for over three years, and virtually 40% of consumers have never compared insurance rates at all. Consumers in the United States can save as much as 47% each year just by comparing rates, but they just don’t understand the big savings they would realize if they swap their current policy for a cheaper one. Drivers have multiple car insurance companies to insure vehicles with, and although it’s a good thing to be able to choose, lots of choices makes it harder to adequately compare rates for Mercury Montego insurance in Tampa.
How much is Mercury Montego insurance in Tampa, Florida?
The auto insurance companies shown below have been selected to offer price comparisons in Tampa, FL. If you want to find the best auto insurance in Florida, we suggest you visit several of them to get the most affordable price.
Car insurance protects more than just your car
Despite the high insurance cost for a Mercury Montego in Tampa, buying car insurance serves several important purposes.
First, the majority of states have mandatory insurance requirements which means state laws require a specific level of liability protection if you want to drive legally. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your vehicle, more than likely the lender will force you to buy full coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the bank may buy a policy for your Mercury at a more expensive rate and require you to reimburse them the higher price.
Third, insurance safeguards not only your Mercury but also your assets. It will also provide coverage for medical bills for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if anyone sues you for causing an accident. If you have damage to your Mercury as the result of the weather or an accident, your policy will pay all costs to repair after the deductible has been paid.
The benefits of buying enough insurance outweigh the cost, particularly if you ever have a claim. The average driver in Florida overpays more than $830 a year so you should quote your policy with other companies once a year at a minimum to make sure the price is not too high.
Why Smart Buyers Pay Less for Mercury Montego Insurance
An important part of buying insurance is that you know a few of the rating criteria that go into determining your policy premiums. If you have a feel for what controls the rates you pay, this enables informed choices that can earn you lower rates. Many things are considered when you get a price on insurance. Some of the criteria are obvious like your driving record, but other criteria are more transparent like your vehicle usage or your vehicle rating.
Policy lapses lead to higher auto insurance rates – Having an insurance coverage lapse can be a guaranteed way to pay more for auto insurance. And not only will your rates increase, being ticketed for driving with no insurance will get you a revoked license or a big fine. You may need to submit proof of financial responsibility or a SR-22 with the Florida department of motor vehicles.
If you don’t need it don’t buy it – There are quite a few extra bells and whistles that can add up if you aren’t careful. Insurance for rental car coverage, better glass coverage, and membership fees could be just wasting money. You may think they are a good idea when talking to your agent, but if you don’t need them consider taking them off your policy.
Use credit responsibly and save – Your credit score can be an important factor in determining your rates. If your credit history is low, you could potentially save money when insuring your Mercury Montego by improving your rating. Drivers with good credit tend to be better drivers and file fewer claims as compared to drivers with worse credit.
Do you have a stressful job? – Occupations like military generals, airline pilots, and stock brokers are shown to have the highest rates attributed to stressful work requirements and lengthy work days. Conversely, jobs like actors, historians and performers generally pay rates lower than average.
Drive fewer miles and save – The higher the mileage driven in a year the more you’ll pay to insure your vehicle. Most insurance companies charge rates partially by how you use the vehicle. Autos used primarily for pleasure use can get a lower rate than vehicles that are driven to work every day. Improper usage on your Montego can result in significantly higher rates. It’s always a good idea to double check that your auto insurance coverage reflects how each vehicle is driven.
Does auto insurance cost more for men? – Over time, data shows women are more cautious behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Women and men cause at-fault accidents in similar numbers, but the men tend to have more serious accidents. Men also statistically have more aggressive citations such as DWI and reckless driving. Male teenagers are the most expensive to insure so they pay the highest premiums.
Obey driving laws and save – How you drive impacts your car insurance rates tremendously. Just one citation could increase your next policy renewal by as much as twenty percent. Attentive drivers pay lower auto insurance prices compared to drivers with tickets. Drivers who have careless citations such as DUI or reckless driving may need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to prevent their license from being revoked.
Insurance can get complicated
When buying insurance from an agent or online for your personal vehicles, there really is no single plan that fits everyone. Your needs are unique to you.
Here are some questions about coverages that can aid in determining if your insurance needs might need an agent’s assistance.
- What is PIP insurance?
- Does my Mercury Montego qualify for pleasure use?
- Is motorclub coverage worth it?
- Are there companies who specialize in insuring high-risk drivers?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- What is an SR-22 filing?
- Is borrowed equipment or tools covered if stolen or damaged?
- What is the difference between comprehensive and collision coverage?
If you can’t answer these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form. It is quick, free and can provide invaluable advice.
Quote. Compare. Save.
People switch companies for any number of reasons including extreme rates for teen drivers, poor customer service, delays in paying claims and policy cancellation. Regardless of your reason for switching companies, choosing a new insurance company is pretty simple and you could end up saving a buck or two.
As you go through the steps to switch your coverage, do not buy less coverage just to save a little money. In many cases, an accident victim reduced uninsured motorist or liability limits and discovered at claim time that it was a big error on their part. The proper strategy is to purchase plenty of coverage at the best price while not skimping on critical coverages.
Cheaper auto insurance in Tampa is possible both online as well as from independent agents in Tampa, so you need to shop Tampa auto insurance with both so you have a total pricing picture. Some companies may not offer online rate quotes and usually these small insurance companies provide coverage only through independent insurance agencies.
How to save money on Mercury Montego insurance in Tampa
If saving the most money is your goal, then the best way to get the cheapest Mercury Montego insurance in Tampa is to start comparing rates regularly from insurance carriers who provide auto insurance in Florida. Price quotes can be compared by following these steps.
- Spend some time learning about how companies set rates and the things you can control to drop your rates. Many factors that increase rates like distracted driving and a bad credit score can be rectified by being financially responsible and driving safely.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can give quotes from one company like Progressive or State Farm, while independent agencies can provide rate quotes from many different companies.
- Compare the new rate quotes to your current policy premium to see if switching to a new carrier will save money. If you find a better price, make sure there is no coverage gap between policies.
- Give notification to your current company of your intention to cancel the current policy and submit payment and a signed application to the newly selected company. As soon as you can, place your new certificate verifying coverage along with the vehicle’s registration papers.
The most important part of shopping around is that you’ll want to make sure you compare identical coverage information on each price quote and and to compare as many carriers as you can. Doing this provides an apples-to-apples comparison and the best rate selection.
For more information, link through to the articles below:
- Choosing an Insurance Company (Insurance Information Institute)
- Who Has Cheap Auto Insurance Quotes for a Toyota RAV4 in Tampa? (FAQ)
- How Much is Auto Insurance for 4×4 Vehicles in Tampa? (FAQ)
- Who Has Affordable Auto Insurance for a Learners Permit in Tampa? (FAQ)
- Things to Know Before you Cancel Insurance (Allstate)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)