Trying to find cheap Mercury Mountaineer insurance in Louisville is quite difficult for drivers not familiar with comparing prices online. With such a large number of online companies, it can easily be a big hassle to find a cheaper company.
Smart shoppers know that auto insurance companies want to keep you from comparing prices. Drivers who shop around for the cheapest price are highly likely to switch insurance companies because of the high probability of finding better rates. A recent insurance study revealed that consumers who faithfully checked for cheaper rates saved approximately $72 a month as compared to drivers who didn’t regularly shop around.
If finding the best price on auto insurance in Louisville is the reason you’re here, then knowing the best way to compare insurance can save time, money, and frustration.
Locating the best rates in Louisville is actually very simple if you learn how to start. In essence, every driver who is required by state law to have auto insurance most likely will find a better price. But Kentucky consumers benefit from understanding how big insurance companies determine prices and use this information to your advantage.
Educated Choices Result in Lower Insurance Premiums
Many things are part of the equation when you get your auto insurance bill. Some are obvious such as your driving history, but other factors are less obvious like your continuous coverage or how financially stable you are. Smart consumers have a good feel for a few of the rating criteria that go into determining the level of your policy premiums. If you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that will entitle you to much lower annual insurance costs.
Prices can be impacted by your vocation – Did you know your job can affect your rates? Occupational choices like military personnel, police officers, and medical professionals generally pay the highest rates in part from intense work requirements and lengthy work days. On the other hand, careers like actors, historians and performers receive lower rates.
How’s your driving record? – Being a careful driver influences premium rates substantially. Careful drivers get better rates than their less careful counterparts. Only having one moving violation can increase rates by twenty percent. Drivers unfortunate enough to have severe violations such as DUI or reckless driving might be required by their state to maintain a SR-22 to the state department of motor vehicles in order to legally drive.
The chart below illustrates how speeding tickets and accidents impact Mercury Mountaineer insurance rates for different age groups. The rates are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.
Married drivers get better premiums – Your spouse may cut your premiums on your car insurance bill. It generally demonstrates drivers are more mature and statistics prove married drivers tend to file fewer claims.
Never let your car insurance policy lapse – Driving without insurance can get your license suspended and as a result your rates will increase for letting your insurance expire. Not only will rates go up, the inability to provide proof of insurance may result in fines and jail time. You could then be forced to file a SR-22 with the Kentucky motor vehicle department.
Theft deterrents systems cut prices – Choosing to buy a car with anti-theft technology or alarm system can get you a discount on your car insurance. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent auto theft and help lower rates.
Are women or men drivers cheaper? – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. However, don’t assume that men are worse drivers. Females and males are responsible for accidents at a similar rate, but guys get into accidents with more damage. Not only are claims higher, but men get cited for more serious violations like DWI (DUI) or reckless driving.
The diagram below shows the difference between Mercury Mountaineer annual premium costs for male and female drivers. The information is based on no claims or driving citations, full coverage, $500 deductibles, drivers are single, and no policy discounts are applied.
Proper usage rating affects premiums – The more you drive in a year the more you’ll pay to insure it. Almost all companies calculate rates based upon how the vehicle is primarily used. Autos not used for work or commuting can get a lower rate than those that get driven frequently. Incorrect rating for your Mountaineer may be costing you higher rates. Double check that your car insurance policy properly reflects the proper vehicle usage.
It’s important to know that getting more free quotes gives you a better chance of getting lower pricing.
The companies in the list below can provide price comparisons in Kentucky. To buy the best cheap car insurance in Kentucky, it’s a good idea that you visit several of them to get a more complete price comparison.
Analysis of coverages
The rate table shown below highlights a range of insurance premium costs for Mercury Mountaineer models. Learning more about how insurance premiums are established can help customers make informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mountaineer 2WD | $220 | $432 | $314 | $18 | $94 | $1,078 | $90 |
| Mountaineer AWD | $248 | $432 | $314 | $18 | $94 | $1,106 | $92 |
| Mountaineer Premier 2WD | $248 | $508 | $314 | $18 | $94 | $1,182 | $99 |
| Mountaineer Premier AWD | $248 | $508 | $314 | $18 | $94 | $1,182 | $99 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium costs do not factor in garaging location in Louisville which can impact rates significantly.
Should you raise deductibles?
One frequently asked question is how high or low should comp and collision deductibles be. The data tables below can help illustrate the price difference between low and high comp and collision deductibles. The first table uses a $250 comprehensive and collision deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mountaineer 2WD | $252 | $426 | $326 | $20 | $98 | $1,147 | $96 |
| Mountaineer AWD | $284 | $426 | $326 | $20 | $98 | $1,179 | $98 |
| Mountaineer Premier 2WD | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| Mountaineer Premier AWD | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mountaineer 2WD | $206 | $342 | $326 | $20 | $98 | $992 | $83 |
| Mountaineer AWD | $232 | $342 | $326 | $20 | $98 | $1,018 | $85 |
| Mountaineer Premier 2WD | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| Mountaineer Premier AWD | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Price information does not factor in Louisville location which can decrease or increase insurance rates substantially.
We can estimate from the data above that using a $250 deductible will cost you roughly $14 more each month or $168 annually than opting for the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 18 months between claims, you would most likely save money if you choose a higher deductible.
Should you buy full coverage?
The chart below illustrates the difference between Mercury Mountaineer auto insurance rates with full coverage and liability only. The prices are based on no violations or claims, $1,000 deductibles, single status, and no additional discounts are factored in.
Are you wasting money on full coverage?
There is no set rule for eliminating physical damage insurance, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s assume your Mercury Mountaineer replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after paying the physical damage deductible. If you are currently paying more than $200 annually for physical damage coverage, then you may want to consider only buying liability coverage.
There are a few situations where eliminating full coverage is not a good idea. If you still have a lienholder on your title, you have to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Why you need insurance for your Mercury Mountaineer
Despite the high cost of buying insurance for a Mercury Mountaineer in Louisville, maintaining insurance may not be optional for several reasons.
- Most states have compulsory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability coverage if you drive a vehicle. 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 have a loan on your Mercury, it’s guaranteed your bank will make it mandatory that you buy full coverage to guarantee payment of the loan. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Mercury at a significantly higher premium and make you pay a much higher amount than you were paying before.
- Car insurance protects not only your Mercury but also your assets. It will also provide coverage for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If your Mercury gets damaged, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of carrying enough insurance more than cancel out the cost, especially when you need to use it. Unknowingly, the average driver is currently overpaying as much as $855 a year so we recommend shopping around at every renewal to ensure rates are competitive.
Insurance policy discounts you can’t miss
Some companies don’t always publicize every available discount very well, so here is a list both the well known as well as some of the hidden credits that may apply to you.
- Include Life Insurance and Save – Larger insurance companies have a lower premium rate if you buy auto and life insurance together.
- Driver Training Discounts – Taking a defensive driving course may get you a small discount and easily pay for the cost of the class.
- Student Driver Training – Reduce the cost of insurance for teen drivers by having them complete a driver education course as it can save substantially.
- Buy New and Save – Buying a new car model can cost up to 25% less since newer models are generally safer.
- ABS and Traction Control Discounts – Vehicles equipped with ABS or steering control are much safer to drive and therefore earn up to a 10% discount.
A little note about advertised discounts, some of the credits will not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like all those discounts means the company will pay you, insurance companies wouldn’t stay in business.
The information below illustrates the comparison of Mercury Mountaineer insurance premiums with and without some available policy discounts. The data assumes a male driver, a clean driving record, no at-fault accidents, Kentucky 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 multi-policy, homeowner, multi-car, marriage, claim-free, and safe-driver discounts applied.
To find insurance companies with the best discounts in Kentucky, click this link.
Should I talk to an insurance agency?
Many people prefer to buy from a licensed agent and that can be a smart move The biggest benefit of comparing rate quotes online is the fact that drivers can get the lowest rates and still have an agent to talk to.
Once you complete this simple form, your insurance data is instantly submitted to participating agents in Louisville who will give you quotes for your insurance coverage. It makes it easy because there is no need to contact an agency because quoted prices will be sent directly to you. You’ll get the best rates without having to waste a lot of time. If you have a need to compare prices for a specific company, you can always go to their quote page to submit a rate quote request.
Finding the right insurance company requires more thought than just a cheap price. Here are some questions you should ask.
- Do they offer claims assistance after hours?
- Are there any discounts that you might be missing?
- Will they give you a referral list?
- If independent agents, which companies do they recommend?
- Is every driver in your family covered?
- What company holds the largest book of business for them?
- What will you get paid if your car is a total loss? How is that amount determined?
Choose an insurance agent wisely
If you want to use an insurance agent, there are two types of insurance agents and how they are slightly different. Agencies in Louisville may be either independent agents or exclusive agents.
Exclusive Insurance Agencies
Agents that elect to be exclusive generally can only insure with one company like Farmers Insurance and State Farm. These agents are not able to provide other company’s prices so they are skilled at selling on more than just price. Exclusive agents are well trained on sales techniques which helps them compete with independent agents. A lot of people buy from the same agent for years mainly due to the brand legacy instead of buying on price only.
Below is a list of exclusive agents in Louisville that are able to give comparison quotes.
- Greg Vincent – State Farm Insurance Agent
167 S English Station Rd – Louisville, KY 40245 – (502) 245-3227 – View Map - Duane Riley – State Farm Insurance Agent
7707 Bardstown Rd – Louisville, KY 40291 – (502) 231-7850 – View Map - Joe Bell Jr – State Farm Insurance Agent
4016 Preston Hwy – Louisville, KY 40213 – (502) 361-2367 – View Map
Independent Agencies or Brokers
Agents of this type are not locked into one company and that allows them to write policies through lots of different companies and get you the best rates possible. If your agent finds better pricing, they simply switch companies in-house and you stay with the same agent.
When comparison shopping, you will want to get rate quotes from at a minimum one independent agency so that you have a good selection of quotes to compare. Most independent agents also contract with smaller regional carriers that many times have cheaper rates.
The following are Louisville independent insurance agents that are able to give price quote information.
- Dolack Insurance Agency Inc.
4050 Westport Rd – Louisville, KY 40207 – (502) 333-0577 – View Map - Linda B Morton Insurance Agency
4600 Outer Loop – Louisville, KY 40219 – (502) 966-5637 – View Map - Corey Insurance Agency
3832 Taylorsville Rd #1 – Louisville, KY 40220 – (502) 473-7910 – View Map
Car insurance companies ranked
Selecting the highest-rated car insurance provider can be rather challenging considering how many different companies sell coverage in Louisville. The rank data shown below may help you select which car insurance providers you want to consider when shopping around.
Top 10 Louisville Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Top 10 Louisville Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- Erie Insurance
- Esurance
- The General
How much auto insurance do I need?
When it comes to buying the right insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Everyone’s situation is a little different.
For example, these questions can aid in determining whether or not you might need professional guidance.
- Is my cargo covered for damage or theft?
- Am I covered if I hit a deer?
- Is there coverage for injuries to my pets?
- Do I need motorclub coverage?
- Is my teenager covered with friends in the car?
- Does my policy cover me if I wreck while driving under the influence?
- Should I rate my vehicle as business use?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- When do I need to add a new car to my policy?
- What does roadside assistance cover?
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form.
Compare car insurance rates regularly to save
People change insurance companies for a variety of reasons including not issuing a premium refund, denial of a claim, questionable increases in premium or even extreme rates for teen drivers. No matter why you want to switch, finding the right car insurance provider is pretty easy and you might even save some money in the process.
When shopping online for car insurance, you should never buy less coverage just to save a little money. There are a lot of situations where someone sacrificed liability limits or collision coverage only to find out that it was a big error on their part. The ultimate goal is to purchase a proper amount of coverage at the best cost, not the least amount of coverage.
Throughout this article, we presented many ideas to lower your Mercury Mountaineer insurance auto insurance rates in Louisville. The key concept to understand is the more times you quote, the better your comparison will be. Drivers may even discover the lowest priced car insurance comes from an unexpected company.
How to find more affordable Mercury Mountaineer insurance in Louisville
If saving money is your primary concern, then the best way to get cheaper Mercury Mountaineer insurance in Louisville is to regularly compare prices from insurers that insure vehicles in Kentucky.
- Step 1: Try to learn a little about auto insurance and the changes you can make to prevent high rates. Many policy risk factors that result in higher prices like accidents, traffic tickets, and a substandard credit history can be remedied by making lifestyle changes or driving safer.
- Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like Progressive or Allstate, while independent agencies can quote rates for a wide range of insurance providers.
- Step 3: Compare the price quotes to the price on your current policy and see if you can save money. If you find a lower rate, ensure there is no coverage lapse between policies.
- Step 4: Give notification to your current company of your intention to cancel the current policy and submit a completed application and payment to your new agent or company. Immediately upon receiving it, place your new proof of insurance paperwork in a readily accessible location in your vehicle.
The key aspect of shopping around is to try to compare the same amount of coverage on every quote request and and to look at as many different companies as possible. This guarantees an accurate price comparison and the best price selection.
Additional information is available at these links:
- Medical Payments Coverage (Liberty Mutual)
- What Auto Insurance is Cheapest for a GMC Acadia in Louisville? (FAQ)
- How Much are Louisville Car Insurance Rates for State Employees? (FAQ)
- Who Has the Cheapest Louisville Car Insurance Quotes for Drivers with a DUI? (FAQ)
- Rental Car Insurance Tips (Insurance Information Institute)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- Frontal Crash Tests (iihs.org)