Cheap Rate Quotes for Mercury Mariner Insurance in Plano

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Insurance rates Mercury Mariner in PlanoEveryone knows that car insurance companies want to keep your business as long as possible. People who compare other prices are likely to buy a new policy because they stand a good chance of finding a more affordable policy. A study showed that consumers who regularly shopped around saved as much as $3,400 over four years as compared to drivers who never compared rates.

If finding the lowest rates on Mercury Mariner insurance in Plano is your target objective, then having a good understanding how to shop and compare insurance premiums can save time and make the process easier.

If saving money is your primary concern, then the best way to find low-cost auto insurance rates is to start doing an annual price comparison from insurance carriers who provide car insurance in Plano. Rates can be compared by completing these steps.

First, take a little time to learn about how insurance works and the things you can control to keep rates low. Many factors that are responsible for high rates like traffic citations, accidents, and poor credit history can be improved by making minor driving habit or lifestyle changes.

Second, quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like GEICO and State Farm, while agents who are independent can provide price quotes from multiple insurance companies.

Third, compare the new quotes to your existing policy and see if you can save money. If you can save money, make sure there is no lapse between the expiration of your current policy and the new one.

Fourth, give notification to your agent or company of your decision to cancel your current policy and submit a down payment and signed policy application for the new coverage. Once coverage is bound, place the new certificate verifying coverage in your vehicle's glove compartment or console.

An important bit of advice to remember is that you'll want to compare identical coverages on every price quote and and to analyze as many auto insurance providers as possible. Doing this enables an accurate price comparison and maximum price selection.

The quickest method to get rate comparisons for Mercury Mariner insurance in Plano is to know the fact car insurance companies pay for the opportunity to give free rates quotes. All consumers are required to do is provide a little information like whether you drive to work or school, which vehicles you own, if you have an active license, and if a SR-22 is required. That rating data gets sent immediately to insurance companies and you will receive price estimates very quickly.

If you would like to compare rates now, click here and complete the form.

The providers in the list below are our best choices to provide free quotes in Plano, TX. To buy the best cheap auto insurance in TX, we suggest you visit two to three different companies in order to find the cheapest rates.

Three reasons car insurance is important

Despite the potentially high cost of Mercury Mariner insurance, buying car insurance is most likely required but also gives you several important benefits.

  • Just about all states have compulsory liability insurance requirements which means you are required to carry specific limits of liability if you want to drive 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 bought your vehicle with a loan, most lenders will make it a condition of the loan that you have full coverage to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank will be required to insure your Mercury for a lot more money and make you pay the higher price.
  • Car insurance protects not only your Mercury but also your financial assets. It will also cover hospital and medical expenses incurred in an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If damage is caused by hail or an accident, your policy will pay to repair the damage minus the deductible amount.

The benefits of carrying adequate insurance more than offset the price you pay, especially with large liability claims. According to a survey of 1,000 drivers, the average driver overpays as much as $700 annually so you should quote your policy with other companies at least once a year to ensure rates are inline.

Mercury Mariner insurance charts and tables

The data table shown next highlights a range of insurance coverage prices for Mercury Mariner models. Learning a little about how auto insurance policy rates are determined can be of help when making decisions when shopping around.

Mercury Mariner Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mariner 2WD $174 $290 $422 $24 $126 $1,036 $86
Mariner Premier 2WD $174 $352 $422 $24 $126 $1,098 $92
Mariner AWD $174 $352 $422 $24 $126 $1,098 $92
Mariner Hybrid 2WD $174 $416 $496 $30 $148 $1,264 $105
Mariner Premier AWD $198 $352 $422 $24 $126 $1,122 $94
Mariner Hybrid AWD $198 $416 $496 $30 $148 $1,288 $107
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium costs do not factor in specific zip code location which can influence rates substantially.

Choosing deductibles

One of the hardest decisions when shopping for insurance is how high should the physical damage coverage deductibles be. The following insurance rates determine how much more you'll pay when you select higher and lower comp and collision deductibles. The first rate estimation uses a $100 deductible and the second pricing table uses a $1,000 deductible.

Mercury Mariner insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mariner 2WD $328 $486 $324 $20 $96 $1,279 $107
Mariner Premier 2WD $328 $592 $324 $20 $96 $1,385 $115
Mariner AWD $328 $592 $324 $20 $96 $1,385 $115
Mariner Hybrid 2WD $328 $698 $382 $22 $114 $1,569 $131
Mariner Premier AWD $370 $592 $324 $20 $96 $1,427 $119
Mariner Hybrid AWD $370 $698 $382 $22 $114 $1,611 $134
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Mercury Mariner insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mariner 2WD $182 $256 $324 $20 $96 $878 $73
Mariner Premier 2WD $182 $312 $324 $20 $96 $934 $78
Mariner AWD $182 $312 $324 $20 $96 $934 $78
Mariner Hybrid 2WD $182 $368 $382 $22 $114 $1,068 $89
Mariner Premier AWD $206 $312 $324 $20 $96 $958 $80
Mariner Hybrid AWD $206 $368 $382 $22 $114 $1,092 $91
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Price estimates do not factor in garaging location in Plano which can lower or raise price quotes significantly.

Based on this data, using a $100 deductible costs about $38 more each month or $456 annually than opting for the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 24 months between claims, you would save more money if you decide on a higher deductible.

Driving violations and accidents

The diagram below highlights how speeding tickets and at-fault accidents influence Mercury Mariner premium costs for each age group. The data assumes a single female driver, full coverage, $500 deductibles, and no additional discounts are factored in.

Cost of full coverage

The chart below shows the difference between Mercury Mariner auto insurance rates with full physical damage coverage and with liability coverage only. The data is based on no accidents or driving violations, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

When to stop buying full coverage

There is no written rule to stop paying for physical damage coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let's say your Mercury Mariner replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after you pay the deductible. If it's costing in excess of $200 annually for physical damage coverage, then it may be the right time to buy liability only.

There are some conditions where dropping full coverage is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Plano insurance discounts

Properly insuring your vehicles can get expensive, but you may be missing some discounts that you may not know about. Certain discounts will be applied at the time of purchase, but some need to be asked about prior to receiving the credit.Insurance discounts

  • Theft Prevention System - Cars optioned with advanced anti-theft systems can help prevent theft and will save you 10% or more on Mariner insurance in Plano.
  • No Charge for an Accident - Not necessarily a discount, but companies like Liberty Mutual, GEICO and Allstate may permit one accident before hitting you with a surcharge so long as you are claim-free for a set time period.
  • Multi-car Discount - Buying a policy with multiple vehicles with the same insurance company may reduce the rate for each vehicle.
  • Passive Restraint Discount - Options like air bags or automatic seat belts could see savings of 20% or more.
  • Active Military Service - Being deployed with a military unit may lower your insurance rates slightly.
  • Plano Homeowners Discount - Simply owning a home can save a few bucks because owning a home requires a higher level of personal finance.
  • Policy Bundle Discount - When you combine your auto and homeowners insurance and insure them with the same company they may give you a discount of up to 20% and get you low cost Mercury Mariner insurance.
  • New Car Discount - Buying a new car instead of a used Mariner can cost up to 25% less because new vehicles are generally safer.
  • Life Insurance Discount - Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase some life insurance too.

One thing to note about discounts is that some of the credits will not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like comprehensive or collision. So even though it sounds like you could get a free insurance policy, you're out of luck. Any qualifying discounts will help lower the amount you pay for coverage.

The example below illustrates the comparison of Mercury Mariner yearly insurance costs with and without discounts applied to the policy premium. The data assumes a male driver, no claims or driving violations, Texas 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 claim-free, marriage, multi-policy, safe-driver, homeowner, and multi-car discounts applied.

To see a list of insurers that offer many of these discounts in Texas, click here to view.