Compare Mercury Milan Insurance Quotes in Colorado Springs

It’s hard to fathom, but most car insurance customers kept their policy with the same company for over three years, and nearly 40% of drivers have never compared quotes from other companies. Many consumers in Colorado could save themselves roughly $605 a year, but they just assume it’s a time-consuming process to compare rates.

If you want to save the most money, the best way to get cheaper Mercury Milan insurance is to start doing a yearly price comparison from insurers that sell auto insurance in Colorado Springs. You can compare rates by following these steps.

1. Take a little time to learn about coverages and the steps you can take to keep rates in check. Many policy risk factors that cause high rates like distracted driving and an unacceptable credit history can be eliminated by being financially responsible and driving safely. Read the full article for instructions to help keep prices low and earn larger discounts.
2. Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or State Farm, while independent agencies can quote rates from multiple sources.
3. Compare the new rates to your existing rates to see if a cheaper rate is available in Colorado Springs. If you find a better price, make sure there is no lapse in coverage.
4. Provide adequate notice to your current company of your intention to cancel the current policy. Submit the completed application along with a down payment to the new insurer. Once coverage is bound, put the proof of insurance certificate in an accessible location in your vehicle.

One key aspect of rate comparisons is to use the same amount of coverage on every price quote and and to get rates from every insurance company. This guarantees a fair rate comparison and a better comparison of the market.

If you already have coverage or just want cheaper rates, use these techniques to find the best rates and still get good coverage. Quoting and buying affordable policy in Colorado Springs can be fairly easy. You just have to learn the most effective way to get comparison rates online from multiple companies.

Six discounts for affordable car insurance rates

Properly insuring your vehicles can get expensive, but you might already qualify for some discounts to help bring down the price. Some discounts apply automatically when you quote, but some need to be requested specifically before they will apply. If you do not double check each discount possible, it’s possible you qualify for a lower rate.

• Discount for Home Ownership – Just owning your own home can save you money since owning and maintaining a home is proof of financial responsibility.
• Early Signing – A few larger companies allow discounts for renewing your policy prior to your current Milan insurance policy expiration. This discount can save up to 10%.
• Lower Rates for Military – Having a deployed family member can result in better rates.
• No Accidents – Good drivers with no accidents can save substantially as opposed to accident-prone drivers.
• Passive Restraint Discount – Options like air bags and/or automatic seat belt systems may qualify for discounts of more than 20%.
• Cautious Driver Discounts – Insureds who avoid accidents could pay up to 40% less as compared to drivers with claims.

One last thing about discounts, most discount credits are not given to your bottom line cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Even though it may seem like all those discounts means the company will pay you, it doesn’t quite work that way.

The chart below illustrates the comparison of Mercury Milan insurance prices with and without discounts being applied to the rates. The premiums assume a male driver, no violations or claims, Colorado state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, safe-driver, marriage, multi-policy, and multi-car discounts applied.

Larger car insurance companies and a selection of discounts include:

• State Farm offers discounts including anti-theft, good driver, safe vehicle, driver’s education, student away at school, good student, and accident-free.
• Progressive offers premium reductions for homeowner, continuous coverage, online signing, online quote discount, multi-policy, multi-vehicle, and good student.
• Progressive has savings for multi-policy, multi-vehicle, continuous coverage, online signing, and homeowner.
• MetLife may include discounts for good driver, good student, defensive driver, accident-free, claim-free, and multi-policy.
• Farm Bureau policyholders can earn discounts including 55 and retired, safe driver, youthful driver, good student, driver training, and renewal discount.
• GEICO may have discounts that include seat belt use, multi-vehicle, emergency military deployment, anti-lock brakes, five-year accident-free, and daytime running lights.
• SAFECO includes discounts for bundle discounts, anti-theft, accident prevention training, anti-lock brakes, teen safe driver, safe driver, and drive less.

When quoting, ask every company which discounts they offer. Depending on the company, some discounts might not be available to policyholders in Colorado Springs. To see insurance companies that offer discounts in Colorado Springs, click this link.

Finding a better price on auto insurance is actually easier than you may think. All you need to do is take a couple of minutes to compare rates online with multiple companies.

The providers in the list below provide price comparisons in Colorado Springs, CO. If you want cheap car insurance in Colorado Springs, we recommend you visit two to three different companies in order to find the cheapest rates.

Detailed insurance information

The data table displayed next showcases estimates of rate quotes for Mercury Milan models. Having insight into how insurance policy premiums are calculated can help drivers make smart policy decisions.

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate quotes do not factor in specific location information which can influence coverage rates greatly.

Deductible analysis

When shopping for auto insurance, a common question is how low should you set your deductibles. The comparison tables below may aid in understanding the rate fluctuation between high and low comp and collision deductibles. The first rate estimation uses a $100 deductible for physical damage and the second price grid uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Prices do not factor in specific location information which can influence coverage prices considerably.

We can derive from the above data that using a $100 deductible will cost you roughly $26 more each month or $312 annually than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average more than 15 months between claims, you would save more money going with the higher deductible.

One big caveat is that increasing deductibles to lower your rates means you will have to pay more of your own money when you have to file a claim. That will require some non-essential savings in the event you have to pay the deductible for vehicle repair.

The illustration below shows how choosing a deductible and can increase or decrease Mercury Milan annual premium costs for different insured age categories. The prices are based on a married female driver, full coverage, and no discounts are taken into consideration.

Irresponsible driving raises your rates

The chart below shows how traffic citations and at-fault collisions raise Mercury Milan insurance rates for each age group. The premium estimates are based on a single female driver, full coverage, $500 deductibles, and no discounts are taken into consideration.

Should you buy full coverage?

The chart below compares Mercury Milan insurance rates with full physical damage coverage and with liability coverage only. The rate quotes are based on no accidents, no driving violations, $100 deductibles, single status, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no definitive formula for phasing out physical damage coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s say your Mercury Milan replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after the policy deductible has been paid. If you are paying over $400 annually for physical damage coverage, then you might consider buying liability only.

There are a few cases where eliminating full coverage is not advised. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

You are unique and your car insurance should be too

When quoting and choosing insurance from an agent or online, there is no best way to insure your cars. You are unique.

Here are some questions about coverages that may help you determine if your insurance needs might need an agent’s assistance.

• Does coverage extend to my business vehicle?
• What is an adequate liability insurance limit?
• I don’t drive much so do I pay less?
• Can I afford low physical damage deductibles?
• Why am I be forced to buy a membership to get insurance from some companies?
• Are my friends covered when driving my Mercury Milan?
• What is the premium to book value ratio for dropping full coverage?
• Am I covered if I drive in a foreign country?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form. It’s fast, free and can help protect your family.

Exclusive and independent car insurance agents

Many drivers prefer to talk to a local agent and often times that is recommended Most agents will help you protect your assets and help you file claims. The best thing about price shopping on the web is that drivers can save money and get the lowest rates and still have an agent to talk to. Supporting local agents is important particularly in Colorado Springs.

To find an agent, once you fill out this quick form, your insurance coverage information is submitted to companies in Colorado Springs that can give you free Colorado Springs auto insurance quotes for your insurance coverage. It makes it easy because there is no need to search for any insurance agencies since rate quotes are delivered to your email. If for some reason you want to compare rates from a particular provider, feel free to search and find their rate quote page and fill out the quote form the provide.

If you want to use a reputable agency, you need to know there are two different agency structures and how they operate. Insurance agents are either exclusive or independent. Both sell affordable insurance policies, but it’s a good idea to understand how they are different because it can impact buying decisions.

Independent Insurance Agents

Independent insurance agents are not required to write business for one company so they can insure your vehicles with any number of different companies depending on which coverage is best. If your agent finds better pricing, your policy is moved internally without you having to go to a different agency. If you need cheaper insurance rates, you absolutely need to compare prices from multiple independent agents so that you can do a thorough price comparison. Many can place coverage with companies that do not advertise much that may have much lower rates than larger companies.

The following is a partial list of independent agencies in Colorado Springs that can possibly get you competitive price quotes.

• ALINK Insurance Services- Colorado Springs Location
  2407 W Colorado Ave – Colorado Springs, CO 80904 – (719) 473-6262 – View Map
• WIN Insurance Agency
  3485 Academy Blvd N Ste 101 – Colorado Springs, CO 80917 – (719) 599-9494 – View Map
• Solid Rock Insurance Agency
  2850 Serendipity Cir W #230 – Colorado Springs, CO 80917 – (719) 574-0082 – View Map

More Colorado Springs agents

Exclusive Insurance Agents

These agents can only provide one company’s prices and some examples include State Farm, Allstate, or Farmers Insurance. Exclusive agents cannot compare other company’s rates so you need to shop around if the rates are high. Exclusive agencies receive a lot of sales training on the products they sell which helps overcome the inability to quote other rates. Some consumers prefer to buy from exclusive agents mostly because of loyalty to the company and the convenience of having all coverages with one company.

The following is a short list of exclusive insurance agents in Colorado Springs that are able to give comparison quotes.

• Kelly Muse – State Farm Insurance Agent
  1635 W Uintah St D – Colorado Springs, CO 80904 – (719) 329-1818 – View Map
• Bob Scofield – State Farm Insurance Agent
  1923 W Colorado Ave – Colorado Springs, CO 80904 – (719) 578-1111 – View Map
• John Hall – State Farm Insurance Agent
  1614 Academy Blvd N b – Colorado Springs, CO 80909 – (719) 596-1414 – View Map

More Colorado Springs agents

Finding a good car insurance agent should include more criteria than just a cheap quote. Below are some questions you should ask.

• Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
• Can you use your own choice of collision repair facility?
• How much can you save by raising your physical damage deductibles?
• Is there any savings for paying the full premium?
• Do they write coverage based solely on cost?
• Is there a Errors and Omissions policy in force?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?

Car insurance company ratings

Picking the best car insurance company is difficult considering how many different companies there are to choose from in Colorado Springs. The information in the next section can help you select which auto insurance companies to look at purchasing coverage from.

Top 10 Colorado Springs Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Mercury Insurance

Insurance coverages and their meanings

Learning about specific coverages of a insurance policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Collision protection

Collision insurance covers damage to your Milan resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as crashing into a ditch, rolling your car, backing into a parked car and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible on your Milan to bring the cost down.

Liability coverages

Liability coverage protects you from damage or injury you incur to people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/15 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $15,000 for damage to vehicles and property. Another option is a combined limit which limits claims to one amount without having the split limit caps.

Liability coverage pays for claims like repair bills for other people’s vehicles, legal defense fees and medical services. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford. Colorado requires minimum liability limits of 25/50/15 but it’s recommended drivers buy more liability than the minimum.

The next chart demonstrates why buying minimum limits may not be enough coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits (25/50/15 in Colorado), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently your uninsured/underinsured motorist coverages are set the same as your liability limits.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for short-term medical expenses such as funeral costs, chiropractic care, ambulance fees and hospital visits. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They 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 available in all states and gives slightly broader coverage than med pay

Comprehensive insurance

This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as theft, a tree branch falling on your vehicle, hitting a deer and hitting a bird. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Persistent drivers can save

We covered many ways to shop for Mercury Milan insurance online. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. You may even discover the most savings is with some of the lesser-known companies.

A few companies may not offer rate quotes online and usually these regional carriers sell through independent insurance agencies. More affordable car insurance in Colorado Springs can be purchased online and also from your neighborhood Colorado Springs agents, and you should compare rates from both to get a complete price analysis.

Drivers change insurance companies for a number of reasons such as denial of a claim, policy non-renewal, not issuing a premium refund and an unsatisfactory settlement offer. No matter why you want to switch, finding a new company is pretty simple and you could end up saving a buck or two.

Additional information can be read at these links:

• Vehicle Size and Weight FAQ (iihs.org)
• How Much is Auto Insurance for Teenagers in Colorado Springs? (FAQ)
• How Much are Colorado Springs Auto Insurance Quotes for Drivers with Good Credit? (FAQ)
• What Car Insurance is Cheapest for Hybrid Vehicles in Colorado Springs? (FAQ)
• Who Has the Cheapest Colorado Springs Car Insurance Rates for Uninsured Drivers? (FAQ)
• Cellphones, Texting and Driving (iihs.org)
• What if I Can’t Find Coverage? (Insurance Information Institute)
• Distracted Driving Statistics (Insurance Information Institute)