It’s a known fact that car insurance companies don’t want you to compare rates. People who shop around for a cheaper policy will presumably switch insurance companies because of the high probability of finding coverage at a cheaper rate. A recent study showed that drivers who shopped around annually saved over $72 a month compared to those who don’t regularly compare prices.
If finding the most affordable Mercury Milan insurance is your objective, then learning about how to get rate quotes and compare insurance rates can help you succeed in saving money.
If you want to save the most money, the best way to get budget car insurance rates in Honolulu is to start comparing prices regularly from insurers who sell insurance in Hawaii. Price quotes can be compared by following these steps.
Step 1: Read about how insurance companies determine prices and the measures you can take to drop your rates. Many rating factors that drive up the price like traffic violations and a substandard credit score can be improved by paying attention to minor details.
Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from one company like GEICO and State Farm, while agents who are independent can quote prices from many different companies. Find a Honolulu insurance agent
Step 3: Compare the price quotes to your current policy premium and see if you can save money. If you find a lower rate quote and make a switch, make sure there is no lapse in coverage.
The most important part of shopping around is to try to use identical coverage information on every quote request and and to get price quotes from as many carriers as you can. Doing this provides an apples-to-apples comparison and a complete price analysis.
If you’re already insured, you will most likely be able to find the best rates using the tips covered below. Choosing the best rates in Honolulu is not that difficult as long as you know where to start. Nevertheless, Hawaii car owners do need to learn how big insurance companies calculate their prices because it varies considerably.
Just remember that comparing a wide range of rates gives you a better chance of getting a lower rate.
The companies shown below are ready to provide price quotes in Hawaii. If multiple providers are shown, it’s a good idea that you visit two to three different companies to get the best price comparison.
Mercury Milan insurance rates and statistics
The price information displayed below showcases estimates of insurance prices for Mercury Milan models. Being more informed about how car insurance premiums are determined is important for making informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Milan Premier AWD||$122||$264||$254||$16||$76||$732||$61|
|Get Your Own Custom Quote Go|
Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Prices do not factor in specific location information which can influence coverage prices considerably.
The chart below shows how different deductible levels and can change Mercury Milan insurance costs for different insured age categories. The data is based on a married female driver, comp and collision included, and no policy discounts are applied.
Mercury Milan liability-only versus full coverage
The illustration below shows the comparison of Mercury Milan insurance costs with full coverage compared to only the Hawaii minimum liability coverage. The rate quotes are based on a clean driving record, no claims, $500 deductibles, single marital status, and no policy discounts are applied.
Guidelines for dropping full coverage
There is no exact formula to exclude full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your Mercury Milan claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after paying the physical damage deductible. If you are currently paying more than $500 annually for full coverage, then it might be time to consider dropping full coverage.
There are a few situations where removing full coverage is not in your best interest. If you still have a lienholder on your title, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.
Check for these five discounts
Some insurers do not advertise every possible discount in an easy-to-find place, so the list below details a few of the more common as well as some of the hidden credits available to you.
- Active Service Discounts – Having an actively deployed family member could be rewarded with lower prices.
- No Accidents – Insureds who avoid accidents and claims pay much less as compared to policyholders that have many claims.
- 55 and Retired – Mature drivers can possibly qualify for lower premium rates.
- Anti-lock Brakes – Anti-lock brake equipped vehicles are safer to drive so you can save 10 percent or more.
- No Charge for an Accident – This one isn’t a discount, but companies like Liberty Mutual and GEICO will allow you to have one accident without raising rates as long as you don’t have any claims for a certain period of time.
Don’t be surprised that some of the credits will not apply to the whole policy. The majority will only reduce specific coverage prices like comp or med pay. So even though it sounds like adding up those discounts means a free policy, companies wouldn’t make money that way.
The example below illustrates the difference between Mercury Milan car insurance costs with and without discounts applied. The data is based on a male driver, no claims or driving citations, Hawaii state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, marriage, homeowner, safe-driver, and claim-free discounts applied.
For a list of providers that provide some of the discounts listed above in Honolulu, click here to view.
Protect more than your Mercury vehicle
Even though it can be expensive, paying for car insurance may not be optional for several reasons.
- Almost all states have compulsory liability insurance requirements which means you are required to carry specific minimum amounts of liability coverage if you don’t want to risk a ticket. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your Milan, it’s most likely the lender will require that you have insurance to guarantee payment of the loan. If coverage lapses or is canceled, the bank will be required to insure your Mercury at a significantly higher premium and make you pay the higher price.
- Insurance safeguards both your vehicle and your assets. Insurance will also pay for hospital and medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If damage is caused by hail or an accident, your policy will cover the repair costs.
The benefits of buying car insurance greatly outweigh the cost, especially if you ever need it. As of last year, the average driver in Hawaii is wasting up to $825 a year so it’s very important to do a rate comparison at every policy renewal to ensure rates are inline.
You may require the services of an agent
Some people just want to go talk to an agent. An additional benefit of price shopping on the web is that drivers can save money and get lower rates and still buy from a local agent. And supporting local agencies is definitely important in Honolulu.
To help locate an agent, after submitting this simple form, your coverage information is instantly submitted to agents in your area who will give competitive quotes for your business. It’s much easier because you don’t need to search for any insurance agencies due to the fact that quote results will go to you. You can most likely find cheaper rates and work with a local agent. If you have a need to compare rates from a specific company, you just need to go to their quote page and submit a quote form there.
If you need to find a good Honolulu insurance agent, there are two types of agencies to choose from. Agencies in Honolulu can be categorized as either exclusive or independent.
Independent Car Insurance Agencies or Brokers
Agents that choose to be independent are appointed with more than one company so they have the ability to put coverage with many different companies and possibly get better coverage at lower prices. To move your coverage to a new company, your agent can just switch to a different company and you won’t have to switch agencies.
When shopping rates, you definitely need to contact independent agents so that you have a good selection of quotes to compare.
Shown below is a list of independent insurance agents in Honolulu that may be able to give you price quotes.
These type of agents can only quote rates from one company and examples are State Farm, AAA, and Liberty Mutual. Exclusive agents cannot provide prices from multiple companies so you need to shop around if the rates are high. Exclusive insurance agents receive a lot of sales training on the products they sell which aids in selling service over price.
Listed below is a list of exclusive insurance agencies in Honolulu who can help you get price quotes.
Suzette Rudolf Trehern – State Farm Insurance Agent
7192 Kalanianaole Hwy g210 – Honolulu, HI 96825 – (808) 395-3434 – View Map
Finding a good car insurance agent is decision based upon more than just a cheap price. Get answers to these questions too.
- Which family members are covered?
- Is assistance available after office hours?
- What insurance company do they write the most business with?
- Can you choose the body shop in case repairs are needed?
- If they are an independent agency in Honolulu, which companies do they recommend?
- When do they do policy reviews?
- How long has their agency been in business in Honolulu?
- Will they give you a referral list?
Auto insurance policy coverages for a Mercury Milan
Knowing the specifics of auto insurance aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Shown next are typical coverage types found on the average auto insurance policy.
Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as damage from a tornado or hurricane, fire damage and damage from flooding. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision coverage protection
This covers damage to your Milan resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers things such as rolling your car, hitting a parking meter and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible on your Milan to get cheaper collision coverage.
Medical expense coverage
Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like X-ray expenses, prosthetic devices, hospital visits, dental work and pain medications. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage
Uninsured or underinsured coverage
This coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries and damage to your Mercury Milan.
Because many people only carry the minimum required liability limits (20/40/10), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these limits do not exceed the liability coverage limits.
This will cover damages or injuries you inflict on a person or their property that is your fault. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 20/40/10 which means $20,000 in coverage for each person’s injuries, a per accident bodily injury limit of $40,000, and a limit of $10,000 paid for damaged property. Some companies may use a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage protects against things such as loss of income, medical services, legal defense fees and funeral expenses. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible. Hawaii state law requires minimum liability limits of 20/40/10 but it’s recommended drivers buy higher limits.
The next chart shows why buying minimum limits may not provide you with enough coverage.