How to Save on Mercury Mountaineer Insurance in Lubbock

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If you want to find the absolute lowest rates, then the best way to find cheaper prices for Mercury Mountaineer insurance in Lubbock is to start comparing prices yearly from different companies that insure vehicles in Texas.

First, read about what is in your policy and the modifications you can make to keep rates in check. Many factors that cause high rates like your driving record and a not-so-good credit rating can be improved by making minor changes in your lifestyle.

Second, request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from one company like Progressive and State Farm, while independent agents can provide rate quotes for a wide range of insurance providers.

Third, compare the quotes to your existing coverage and see if you can save money. If you can save money, make sure coverage does not lapse between policies.

Fourth, provide proper notification to your current company of your decision to cancel the current policy. Submit a down payment along with a completed application for your new policy. Be sure to place your new proof of insurance paperwork in your glove compartment.

One key aspect when comparing rates is to use the same liability limits and deductibles on every quote and and to get price estimates from every company you can. Doing this guarantees an accurate price comparison and maximum price selection.

Discount Mercury Mountaineer insuranceIt's hard to believe, but about 70% of customers have stayed with the same insurance company for a minimum of four years, and almost 40% of drivers have never quoted rates to find lower-cost coverage. Texas drivers could save themselves about $1,766 a year just by getting comparison quotes, but they underestimate how much savings they would realize if they replace their high priced policy.

Finding cheap Lubbock auto insurance prices isn't really that difficult. All you need to do is spend a little time comparing rates to see which company has affordable Lubbock car insurance quotes.

Online shopping is fast and free, and it makes it obsolete to drive around to insurance agents' offices. The ability to buy insurance online eliminates this option unless you have a need for the professional advice that only an agent can give. Although, it is possible compare online quotes and still use a local agent.

The providers in the list below provide comparison quotes in Texas. To get the cheapest auto insurance in Lubbock, it's a good idea that you visit several of them to get the most affordable price.

Rates and detailed analysis

The premium information below covers a range of insurance costs for Mercury Mountaineer models. Learning a little about how insurance premiums are formulated can help drivers make informed decisions when comparing rate quotes.

Mercury Mountaineer Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mountaineer 2WD $282 $610 $430 $26 $128 $1,476 $123
Mountaineer AWD $318 $610 $430 $26 $128 $1,512 $126
Mountaineer Premier 2WD $318 $718 $430 $26 $128 $1,620 $135
Mountaineer Premier AWD $318 $718 $430 $26 $128 $1,620 $135
Get Your Own Custom Quote Go

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Premium costs do not factor in Lubbock location which can affect price quotes considerably.

Should you raise deductibles?

When shopping for auto insurance, a common question is at what level do you set your deductibles. The rates below highlight how much more you'll pay when you buy lower versus higher physical damage coverage deductibles. The first data set uses a $100 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

Mercury Mountaineer insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mountaineer 2WD $328 $592 $382 $22 $114 $1,463 $122
Mountaineer AWD $370 $592 $382 $22 $114 $1,505 $125
Mountaineer Premier 2WD $370 $698 $382 $22 $114 $1,611 $134
Mountaineer Premier AWD $370 $698 $382 $22 $114 $1,611 $134
Get Your Own Custom Quote Go
Mercury Mountaineer insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mountaineer 2WD $182 $312 $382 $22 $114 $1,012 $84
Mountaineer AWD $206 $312 $382 $22 $114 $1,036 $86
Mountaineer Premier 2WD $206 $368 $382 $22 $114 $1,092 $91
Mountaineer Premier AWD $206 $368 $382 $22 $114 $1,092 $91
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Premium amounts do not factor in specific zip code location which can change coverage rates considerably.

Using the data above, we can ascertain that using a $100 deductible costs about $41 more each month or $492 annually than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 22 months between claims, you would come out ahead if you choose the higher deductible.

Calculation for determining deductible levels

Average monthly premium for $100 deductibles: $129
Average monthly premium for $1,000 deductibles (subtract): - $88
Monthly savings from raising deductible: $41
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $41
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

One important issue to know is that raising deductibles to get cheaper rates results in having to pay to pay more out-of-pocket at claim time. You must have some non-essential savings in order to pay the deductible for vehicle repair.

The chart below illustrates how choosing a deductible and can change Mercury Mountaineer insurance costs for different age groups. The price estimates are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.

Tickets and at-fault accidents raise rates

The diagram below shows how violations and at-fault claims drive up Mercury Mountaineer insurance costs for each age group. Data assumes a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.

Difference between full coverage and liability only rates

The information below visualizes the comparison of Mercury Mountaineer auto insurance rates with full coverage compared to only the Texas minimum liability coverage. The data is based on no claims or violations, $250 deductibles, single marital status, and no additional discounts are factored in.

Are you wasting money on full coverage?

There is no clear-cut formula to exclude comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Mercury Mountaineer claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after paying the physical damage deductible. If you are paying over $600 annually to have full coverage, then you may want to consider only buying liability coverage.

There are some cases where only buying liability is not recommended. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder's interest. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not buy liability only.

Protect more than your Mountaineer

Despite the high insurance cost for a Mercury Mountaineer in Lubbock, insuring your vehicle is most likely required but also gives you several important benefits.

  • Just about all states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability protection if you drive a vehicle. In Texas 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.
  • If you have a lien on your Mercury Mountaineer, almost all lenders will force you to have comprehensive coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Mercury for a lot more money and make you pay for it.
  • Car insurance protects your Mercury Mountaineer and your assets. It will also cover medical bills incurred in an accident. Liability coverage will also pay to defend you if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.

The benefits of having car insurance more than cancel out the cost, especially if you ever need it. An average driver in America is wasting up to $750 every year so you should quote rates once a year at a minimum to save money.

Components of Your Mercury Mountaineer Insurance Rates

Multiple criteria are used when you quote your car insurance policy. Some are pretty understandable such as traffic violations, although some other factors are more obscure such as whether you are married or how safe your car is. When buying car insurance it's important to understand the different types of things that come into play when calculating the price you pay for car insurance. If you understand what positively or negatively impacts your premiums, this helps enable you to make changes that can help you get much lower annual insurance costs.

The items below are most of the major factors used by insurance companies to determine your premiums.

Save money with alarm systems - Buying a car with anti-theft technology or alarm system can get you a discount on your car insurance. Theft prevention features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent car theft.

Don't cut corners with liability coverage - Your policy's liability coverage is the protection if you are determined to be liable for physical damage or personal injury to other. It provides for a legal defense which can cost a lot. Carrying liability coverage is mandatory and cheap compared to comp and collision, so do not cut corners here.

Vehicle risk impacts costs - The performance level of the car you are insuring makes a huge difference in how high your rates are. Lower cost passenger cars usually are quite affordable to insure, but your final cost has many other factors.

The following data assumes a single female driver age 30, full coverage with $250 deductibles, and no discounts or violations. It compares Mercury Mountaineer policy rates compared to other makes and models that have a range of performance rating factors.

What are your deductibles? - Physical damage protection, also called 'full coverage', helps pay for damage to your vehicle. Examples of some claims that would be covered would be a windshield shattered by a rock, collision with an animal, and windstorm damage. Physical damage deductibles state the amount of money you are willing to pay if a covered claim is submitted. The more damage repair cost you have to pay, the lower your rates will be.

Males pay more for insurance - Statistics show that females tend to be a little less risky than males. This data doesn't prove that women are better drivers. They both cause at-fault accidents in similar percentages, but the male of the species have accidents that have higher claims. In addition to higher claims, males also get more serious tickets such as reckless driving.

The illustration below illustrates the comparison of Mercury Mountaineer insurance costs for male and female drivers. The premium estimates are based on a clean driving record, no claims, comp and collision included, $100 deductibles, marital status is single, and no other discounts are factored in.

How your age affects prices - Inexperience drivers have been known to be less responsible when driving with friends and because of this, their car insurance rates are much higher. Older people are viewed as being more responsible, file fewer claims, and are safer drivers.

The following chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

How do annual miles impact rates? - Driving more miles in a year the higher your rate. A lot of insurance companies rate vehicles based on their usage. Cars and trucks that sit idle most of the time can be on a lower rate level as compared to vehicles used primarily for driving to work. Having the wrong rating on your Mountaineer can cost quite a bit. Verify your declarations sheet is showing the proper vehicle usage.

Job stress can affect rates - Did you know that where you work can have an impact on rates? Careers such as fire fighters, executives, and stock brokers tend to pay higher average rates in part from intense work-related stress and long work days. Conversely, careers like professors, athletes and retirees receive lower rates.

Persistence is the key to affordable rates

Cost effective Mercury Mountaineer insurance can be found both online in addition to many Lubbock insurance agents, so you should be comparing quotes from both to have the best rate selection. A few companies may not provide online quoting and these smaller companies work with local independent agents.

While you're price shopping online, do not buy lower coverage limits just to save a few bucks. In too many instances, someone dropped uninsured motorist or liability limits and learned later that their decision to reduce coverage ended up costing them more. Your strategy should be to buy the best coverage you can find at the lowest possible cost while still protecting your assets.

In this article, we presented a lot of information how to lower your Mercury Mountaineer insurance rates in Lubbock. It's most important to understand that the more quotes you get, the higher your chance of finding low cost Lubbock car insurance quotes. You may even find the most savings is with a smaller regional carrier. Regional companies may only write in your state and offer lower car insurance rates compared to the large companies like State Farm and Allstate.

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