Smart shoppers know that auto insurance companies want to keep your business as long as possible. People who get price comparisons are highly likely to switch insurance companies because the odds are good of finding coverage at a more affordable price. A recent survey discovered that people who routinely shopped for cheaper coverage saved on average $72 a month compared to drivers who never compared rates.
If finding the cheapest rates on auto insurance in Lubbock is your objective, then understanding how to quote and compare car insurance can make it simple to find affordable coverage.
Really, the only way to find more affordable Mercury Milan insurance is to start doing a yearly price comparison from providers who provide auto insurance in Lubbock.
Step 1: Try to understand how your policy works and the steps you can take to prevent rate increases. Many rating criteria that drive up the price such as speeding tickets, careless driving and an imperfect credit rating can be remedied by improving your driving habits or financial responsibility.
Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like Progressive or Allstate, while independent agents can quote prices for a wide range of companies.
Step 3: Compare the quotes to the price on your current policy to see if a cheaper rate is available. If you find a lower rate and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Provide notification to your current company to cancel the current policy and submit any necessary down payment along with the completed application to your new insurance company. When you receive it, put the proof of insurance certificate with your registration paperwork.
One important bit of advice is to use identical limits and deductibles on every price quote and and to get rates from all possible companies. This helps ensure a level playing field and maximum price selection.
Finding cheaper Lubbock auto insurance rates is not a difficult process. You just need to take a couple of minutes comparing rates to discover which company has low cost Lubbock car insurance quotes.
The following companies are ready to provide free quotes in Texas. If multiple companies are listed, we recommend you visit as many as you can in order to get a fair rate comparison.
Detailed insurance information
The table shown below outlines estimates of insurance premium costs for Mercury Milan models. Learning how car insurance premiums are established can help you make decisions on which coverage to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Milan Premier AWD||$260||$532||$422||$24||$126||$1,364||$114|
|Get Your Own Custom Quote Go|
Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Table data does not factor in specific garaging location which can lower or raise rates greatly.
The information below demonstrates how deductibles and can raise or lower Mercury Milan insurance costs for different insured age categories. The prices are based on a married male driver, full physical damage coverage, and no discounts are factored in.
Males versus Females
The information below shows the difference between Mercury Milan car insurance rates for male and female drivers. The premiums assume a clean driving record, no claims, comprehensive and collision coverage, $100 deductibles, single marital status, and no additional discounts are factored in.
Price comparison of only insuring for liability
The chart below shows the comparison of Mercury Milan auto insurance costs with liability coverage only compared to full coverage. The data is based on no accidents, no driving violations, $500 deductibles, marital status is single, and no discounts are applied to the premium.
Guidelines for eliminating full coverage
There is no clear-cut rule to exclude comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Mercury Milan replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $7,000 after the policy deductible has been paid. If you are paying more than $700 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are some conditions where dropping physical damage coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Car insurance is an important decision
Despite the high insurance cost for a Mercury Milan in Lubbock, maintaining insurance serves an important purpose.
- The majority of states have compulsory liability insurance requirements which means you are required to buy a specific minimum amount of liability protection in order to drive the car legally. 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 loan on your Milan, it’s most likely the lender will require you to buy full coverage to guarantee payment of the loan. If you do not keep the policy in force, the lender may insure your Mercury at a more expensive rate and force you to pay for the much more expensive policy.
- Car insurance preserves both your Mercury and your personal assets. Insurance will pay for medical bills for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit in the event you are sued. If damage is caused by hail or an accident, your car insurance policy will cover the repair costs.
The benefits of buying enough insurance outweigh the cost, especially for larger claims. On average, a vehicle owner in Lubbock is wasting up to $750 every year so shop around each time the policy renews to help ensure money is not being wasted.
Save money on Mercury Milan insurance in Lubbock with these nine auto insurance discounts
The price of auto insurance can be rather high, but discounts can save money and there are some available to help offset the cost. Certain reductions will be credited at quote time, but lesser-known reductions have to be specially asked for in order for you to get them.
- Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen with less frequency and will save you 10% or more on Milan insurance in Lubbock.
- Passive Restraints and Air Bags – Factory options such as air bags and/or automatic seat belt systems could see savings of 20% or more.
- Student in College – College-age children who are attending college and leave their car at home may be insured at a cheaper rate.
- Full Payment Discount – If paying your policy premium upfront instead of monthly or quarterly installments you may have a lower total premium amount.
- Paperless Signup – Some of the larger companies will provide an incentive get Lubbock car insurance on the web.
- Good Student Discount – Excelling in school can get you a discount of up to 25%. Most companies allow this discount well after school through age 25.
- Employee of Federal Government – Active or retired federal employment could provide a small rate reduction depending on your company.
- Multi-Vehicle Discounts – Buying insurance for multiple vehicles with the same company may reduce the rate for each vehicle.
- Seat Belt Discounts – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% off the PIP or medical payment premium.
One last thing about discounts, most of the big mark downs will not be given to the overall cost of the policy. Most only cut the cost of specific coverages such as liability and collision coverage. Despite the appearance that all those discounts means the company will pay you, you won’t be that lucky.
The diagram below shows the difference between Mercury Milan annual premium costs with and without policy discounts. The information is based on a female driver, no accidents or driving violations, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, homeowner, marriage, multi-car, and multi-policy discounts applied.
Auto insurance companies that may include some of the above discounts possibly include:
If you are trying to find cheaper Lubbock car insurance quotes, ask each insurance company which discounts they offer. Savings might not be offered on policies in Lubbock. To choose insurers who offer online Mercury Milan insurance quotes in Lubbock, click this link.
Local neighborhood Lubbock car insurance agents
Many drivers would rather sit down and talk to an agent and often times that is recommended Most agents will help you protect your assets and give you someone to call. An additional benefit of comparing insurance prices online is the fact that you can find cheap rate quotes and still have an agent to talk to. Putting coverage with local agencies is especially important in Lubbock.
After filling out this short form, your coverage information is instantly submitted to companies in Lubbock who will give competitive quotes for your car insurance coverage. There is no reason to visit any agencies because prices are sent straight to your inbox. If for some reason you want to quote rates from a specific company, you would need to jump over to their website and complete a quote there.
Exclusive agents vs. Independent agents
If you’re trying to find a local agent, you need to know there are two different types of agents and how they can write your policy. Insurance agencies in Lubbock can be categorized as either independent agents or exclusive agents depending on their employer. Both can insure your vehicles, but it’s a good idea to understand the difference in the companies they write for since it can impact buying decisions.
Agents that choose to be independent do not sell for just one brand and that allows them to write policies with many different companies and get the cheapest rates. If premiums increase, an independent agent can move your coverage which requires no work on your part. When comparing car insurance prices, you definitely need to include price quotes from at a minimum one independent agency to get the best comparison. They also have the ability to place coverage with different regional companies which may provide better rates.
Shown below is a partial list of independent insurance agents in Lubbock who may be able to give you pricing information.
- Bledsoe Insurance Agency
5143 69th St – Lubbock, TX 79424 – (806) 794-8686 – View Map
- Maria Valeriano Insurance Agency
4210 50th St – Lubbock, TX 79413 – (806) 780-6622 – View Map
- Circle Insurance
6520 University Ave – Lubbock, TX 79412 – (806) 797-4131 – View Map
Exclusive Car Insurance Agents
Exclusive agents work for only one company such as American Family, State Farm, and Allstate. Exclusive agents are unable to provide other company’s prices so keep that in mind. Exclusive agencies are very knowledgeable on their company’s products which helps offset the inability to provide other markets. Some people will only use the same exclusive agent mainly due to the brand legacy and the convenience of having all coverages with one company.
Shown below are Lubbock exclusive agents that can give you comparison quotes.
- Kevin Watson – State Farm Insurance Agent
13033 Quaker Ave SUITE B – Lubbock, TX 79423 – (806) 797-3329 – View Map
- Lisa Caldwell – State Farm Insurance Agent
2418 19th St – Lubbock, TX 79401 – (806) 799-1628 – View Map
- Farmers Insurance
3206 34th St – Lubbock, TX 79410 – (806) 791-2892 – View Map
Choosing an auto insurance agent should include more criteria than just a low price. Get answers to these questions too.
- If you are a high risk driver, do they have special markets for your coverage?
- How much will you save each year by using a higher deductible?
- Are they paid to recommend certain coverages?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- When do they do a full risk review?
- Does the company have a local claim office in Lubbock?
- How long has the business existed?
Specific coverages for a Mercury Milan
Learning about specific coverages of your car insurance policy helps when choosing appropriate coverage for your vehicles. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording.
Collision coverage pays for damage to your Milan resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things such as hitting a parking meter, colliding with a tree and hitting a mailbox. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also choose a higher deductible on your Milan to bring the cost down.
Liability insurance protects you from damage that occurs to a person or their property by causing an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 30/60/25 that means you have a $30,000 limit per person for injuries, a limit of $60,000 in injury protection per accident, and $25,000 of coverage for damaged property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability can pay for things like medical expenses, repair costs for stationary objects and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible. Texas requires minimum liability limits of 30/60/25 but you should consider buying more liability than the minimum.
The next chart demonstrates why minimum state limits may not provide adequate coverage.
Medical costs insurance
Med pay and PIP coverage kick in for expenses such as ambulance fees, chiropractic care, pain medications and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Mercury Milan.
Since a lot of drivers carry very low liability coverage limits (Texas limits are 30/60/25), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these limits do not exceed the liability coverage limits.
Comprehensive or Other Than Collision
This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for claims like a tree branch falling on your vehicle, hail damage and rock chips in glass. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
When shopping online for auto insurance, do not buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced physical damage coverage only to regret at claim time that it was a big error on their part. The goal is to purchase plenty of coverage at a price you can afford, but do not skimp to save money.
We just covered a lot of tips how to find cheaper Mercury Milan insurance in Lubbock. The most important thing to understand is the more providers you compare, the higher the chance of saving money. You may even discover the most savings is with a small local company.
Affordable Mercury Milan insurance in Lubbock can be sourced from both online companies and also from your neighborhood Lubbock agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies don’t offer online quoting and many times these smaller companies sell through local independent agencies.
Additional detailed information can be read in these articles:
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- What Auto Insurance is Cheapest for Postal Workers in Lubbock? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Unemployed Drivers in Lubbock? (FAQ)
- How Much is Lubbock Car Insurance for Uber Drivers? (FAQ)
- Who Has Affordable Car Insurance Quotes for Welfare Recipients in Lubbock? (FAQ)
- Understanding Car Crashes Video (iihs.org)
- Rental Car Insurance Tips (Insurance Information Institute)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Steps to Take After an Auto Accident (Insurance Information Institute)