Shocking but true, the vast majority of consumers kept their policy with the same company for well over three years, and roughly 40% of drivers have never shopped around. Many consumers in North Carolina could save almost $90 every year, but they won’t spend time to do a rate comparison.
It takes a little time, but the best way to find cheaper Mercury Milan insurance in Charlotte is to start comparing prices regularly from companies who provide auto insurance in North Carolina. Rate comparisons can be done by following these steps.
- Get a basic knowledge of how insurance works and the factors you can control to lower rates. Many policy risk factors that cause high rates like multiple speeding tickets and a low credit rating can be rectified by making small lifestyle or driving habit changes.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO or Allstate, while independent agents can provide prices from multiple sources. View insurance agents
- Compare the new quotes to your existing coverage to see if a cheaper rate is available in Charlotte. If you can save money and switch companies, verify that coverage does not lapse between policies.
- Provide adequate notice to your current company to cancel your current auto insurance policy. Submit a completed policy application and payment for the new policy. As soon as coverage is bound, store the proof of insurance certificate somewhere easily accessible.
A valuable tip to remember is to compare identical deductibles and limits on every quote request and and to get rates from as many different insurance providers as possible. Doing this helps ensure the most accurate price comparison and plenty of rates choose from.
If you have a policy now or are looking for a new policy, follow these tips to get lower rates and still get good coverage. This information will introduce you to the best ways to compare prices and some money-saving tips. Smart buyers just need to know the fastest way to compare insurance rates using one simple form.
The easiest way to compare rate quotes for Mercury Milan insurance in Charlotte utilizes the fact most of the larger companies pay for the opportunity to give you rate quotes. The only thing you need to do is provide information such as how your vehicles are used, the make and model of your vehicles, if it has an anti-theft system, and the ages of drivers. Your rating data is sent automatically to multiple car insurance providers and you should receive rate quotes very quickly.
To get price quotes for your car now, click here then complete the form.
The companies shown below have been selected to offer comparison quotes in North Carolina. If you want cheap car insurance in Charlotte, it’s a good idea that you click on several of them in order to get a fair rate comparison.
Coverage information
The information shown next covers estimates of insurance premium costs for Mercury Milan models. Having a better understanding of how insurance prices are calculated can be useful when making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Milan | $150 | $276 | $204 | $12 | $60 | $702 | $59 |
| Milan Premier | $150 | $324 | $204 | $12 | $60 | $750 | $63 |
| Milan Premier AWD | $170 | $324 | $204 | $12 | $60 | $770 | $64 |
| Milan Hybrid | $170 | $324 | $240 | $14 | $72 | $820 | $68 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Premium amounts do not factor in zip code location which can increase or decrease coverage rates considerably.
Physical damage deductibles
One of the most common car insurance questions is at what level do you set your deductibles. The rates below can help you understand how much more you’ll pay between high and low policy deductibles. The first set of rates uses a $100 deductible for physical damage and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Milan | $214 | $386 | $212 | $12 | $64 | $913 | $76 |
| Milan Premier | $214 | $456 | $212 | $12 | $64 | $983 | $82 |
| Milan Premier AWD | $242 | $456 | $212 | $12 | $64 | $1,011 | $84 |
| Milan Hybrid | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Milan | $118 | $204 | $212 | $12 | $64 | $610 | $51 |
| Milan Premier | $118 | $240 | $212 | $12 | $64 | $646 | $54 |
| Milan Premier AWD | $134 | $240 | $212 | $12 | $64 | $662 | $55 |
| Milan Hybrid | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Prices do not factor in vehicle garaging location which can decrease or increase prices considerably.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost in the ballpark of $28 more each month or $336 a year across all Mercury Milan models than choosing the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you go more than 32 months between claims, you would save money if you choose a higher deductible. The numbers below show how you can do this calculation yourself.
| Average monthly premium for $100 deductibles: | $83 |
| Average monthly premium for $1,000 deductibles (subtract): | – $55 |
| Monthly savings from raising deductible: | $28 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $28 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 32 months |
Cautious drivers save money
The illustration below demonstrates how traffic citations and accidents increase Mercury Milan auto insurance costs for each different age category. The data is based on a married female driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.
Rate difference between full and liability-only coverage
The chart below compares Mercury Milan premium costs with liability coverage only compared to full coverage. The costs are based on no claims, a clean driving record, $500 deductibles, drivers are single, and no discounts are applied to the premium.
Guidelines for eliminating full coverage
There isn’t a written rule that is best for determining when to drop physical damage coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Mercury Milan book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,000 after paying the physical damage deductible. If premium cost is more than $600 annually to have full coverage, then you may need to consider dropping full coverage.
There are a few cases where removing full coverage is not a good idea. If you haven’t paid off your loan, you are required to maintain full coverage to satisfy the loan requirements. 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.
Choosing vehicle insurance is an important decision
Despite the high cost of buying insurance for a Mercury Milan in Charlotte, buying car insurance is required by state law in North Carolina and it also provides benefits you may not be aware of.
- The majority of states have compulsory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance if you drive a vehicle. In North Carolina 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 took out a loan on your vehicle, most banks will force you to have insurance to guarantee loan repayment. If you do not keep the policy in force, the bank will be required to insure your Mercury at a significantly higher premium and require you to fork over a much higher amount than you were paying before.
- Car insurance preserves not only your car but also your financial assets. It will also cover many types of medical costs for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If your Mercury gets damaged, your policy will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance outweigh the cost, especially when you need to use it. An average driver in America is overpaying more than $825 a year so smart consumers compare quotes each time the policy renews to make sure the price is not too high.
Eight factors that influence insurance costs
Smart consumers have a good feel for a few of the rating criteria that play a part in calculating your policy premiums. If you know what determines premiums, this enables you to make decisions that will entitle you to lower premium levels.
The list below includes some of the things used by insurance companies to determine your premiums.
- Your location is a factor – Choosing to live in smaller towns and rural areas of the country may provide you with better prices when it comes to auto insurance. Fewer drivers on the road means less chance of accidents and lower theft and vandalism rates. City drivers have to deal with traffic congestion and more severe claims. Spending more time driving translates into higher accident risk.
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With age comes responsibility – More mature drivers are viewed as being more responsible, tend to cause fewer accidents, and get fewer tickets. Teenage drivers are statistically proven to be less responsible with other occupants in the car therefore auto insurance rates are much higher.
The data below uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.
- Combine policies and save – Most larger companies provide lower prices to people who consolidate policies with them such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. Even with this discount applied, consumers should still compare other company rates to guarantee you are still saving the most.There is a chance you can find better rates by buying auto insurance from a different company.
- Don’t abuse policy claims – Companies in North Carolina give most affordable rates to drivers who are not frequent claim filers. If you file a lot of claims you can look forward to either higher rates or even cancellation. Your car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
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More performance means more cost – The type of vehicle you drive makes a significant difference in how high your rates are. The lowest base rates will normally be found when insuring smaller low performance passenger vehicles, but your final cost has many other factors.
The next chart assumes a single male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It shows Mercury Milan insurance premiums compared to other models of vehicles that have different risk factors.
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Are men or women drivers cheaper? – Statistics have proven women are more cautious behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Males and females have fender benders at about the same rate, but males cause more damage and cost insurance companies more money. Men also tend to get cited for more serious violations like DWI (DUI) or reckless driving.
The chart below compares Mercury Milan yearly insurance costs for male and female drivers. The data assumes no violations or accidents, comp and collision included, $250 deductibles, marital status is single, and no additional discounts are factored in.
- Extra policy coverages are wasting money – There are a lot of optional add-on coverages that you can get tricked into buying if you aren’t careful. Coverages for coverage for rental cars, towing, and membership fees are examples of these. These coverages may sound good initially, but if they’re wasting money eliminate the coverages to reduce your premium.
- Drive a safer car and pay less – Cars with high safety ratings are cheaper to insure. Vehicles built for safety reduce injuries and lower injury rates translates directly to fewer claims and cheaper rates on your policy.
Get affordable Mercury Milan insurance in Charlotte with discounts
Some insurance providers don’t always advertise all discounts in a way that’s easy to find, so the list below contains some of the best known in addition to some of the lesser obvious ways to save on auto insurance.
- Drivers Ed for Students – Have your child successfully complete driver’s ed class if offered at their school.
- Good Driver Discounts – Drivers without accidents can save up to 40% or more on their Charlotte auto insurance quote than their less cautious counterparts.
- Telematics Devices – Drivers that enable their company to spy on when and where they use their vehicle by using a small device installed in their vehicle such as Snapshot from Progressive or Drivewise from Allstate might see lower rates if they are good drivers.
- Full Payment Discount – If you pay your bill all at once instead of paying each month you could save up to 5%.
- Own a Home and Save – Owning a house in Charlotte may trigger a policy discount on auto insurance since home ownership shows financial diligence.
- Seat Belt Usage – Requiring all passengers to use their safety belts may be able to save a few bucks off the PIP or medical payment premium.
- Multiple Vehicles – Purchasing coverage when you have multiple cars or trucks with the same auto insurance company can get a discount for every vehicle.
- Accident Waiver – Not really a discount, but a handful of insurance companies allow you one accident without getting socked with a rate hike as long as you don’t have any claims for a certain period of time.
- Senior Discount – If you’re over the age of 55, you may receive better auto insurance rates.
As a disclaimer on discounts, most credits do not apply to the entire cost. Most only reduce specific coverage prices like collision or personal injury protection. So even though it sounds like adding up those discounts means a free policy, nobody gets a free ride.
The illustration below shows the difference between Mercury Milan auto insurance costs with and without discounts applied. The premium estimates are based on a male driver, no accidents or driving violations, North Carolina 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 homeowner, multi-car, safe-driver, multi-policy, claim-free, and marriage discounts applied.
Large auto insurance companies and some of their more popular discounts can be found below.
- 21st Century offers premium reductions for anti-lock brakes, early bird, automatic seat belts, air bags, and homeowners.
- Progressive has savings for online signing, multi-policy, multi-vehicle, homeowner, online quote discount, and good student.
- State Farm may offer discounts for Steer Clear safe driver discount, defensive driving training, good driver, passive restraint, anti-theft, driver’s education, and good student.
- Nationwide may include discounts for anti-theft, good student, multi-policy, accident-free, easy pay, and defensive driving.
- Esurance discounts include Pac-12 alumni, safety device, online shopper, emergency road assistance, Switch & Save, good driver, and multi-car.
- The Hartford offers discounts for defensive driver, driver training, bundle, good student, air bag, and anti-theft.
When quoting, ask each insurance company which discounts you may be entitled to. Savings might not be available to policyholders everywhere. To find insurance companies with discount auto insurance rates in North Carolina, follow this link.
Don’t assume everyone needs the same car insurance coverage
Always remember that when buying proper insurance coverage, there really is not a “best” method to buy coverage. Each situation is unique and your car insurance should unique, too.
These are some specific questions can aid in determining if you will benefit from professional help.
- Is upholstery damage covered by car insurance?
- How high should my medical payments coverage be?
- Do I need an umbrella policy?
- Do I get a pro-rated refund if I cancel my policy early?
- Is a driver training discount available?
- What is an adequate liability insurance limit?
- What if I don’t agree with a claim settlement offer?
- Does my policy pay for OEM or aftermarket parts?
- Is coverage enough to protect my assets?
- When should I not file a claim?
If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It only takes a few minutes and you can get the answers you need.
Auto insurance quotes from neighborhood Charlotte auto insurance agents
Some people still prefer to buy from a licensed agent and that is OK! Most agents can help you choose the best coverages and give you someone to call. One of the benefits of comparing auto insurance online is that drivers can save money and get the best rates and still buy from a local agent. And supporting local insurance agents is important particularly in Charlotte.
For easy comparison, once you complete this quick form, your insurance data is transmitted to local insurance agents in Charlotte who will give you bids for your insurance coverage. You won’t need to drive around because quoted prices will be sent immediately to you. If you wish to compare prices from one company in particular, you can always jump over to their website and submit a quote form there.
Types of auto insurance agents
If you want a local insurance agency, there are two different types of agencies and how they are slightly different. Auto insurance agents in Charlotte can be described as either independent agents or exclusive agents. Both types of agents can sell auto insurance policies, but it’s worth learning how they are different since it can impact your selection of an agent.
Independent Auto Insurance Agencies
Agents that choose to be independent do not write with just one company so they can insure your vehicles with lots of companies and potentially find a lower price. If they find a cheaper price, they simply move your policy to a different company which makes it simple for you. If you need lower rates, it’s recommended you get insurance quotes from independent agents to ensure the widest selection of prices. Many write coverage with companies you’ve never heard of that may have much lower rates than larger companies.
Featured below are independent insurance agencies in Charlotte that can give you price quote information.
- Swimmer Insurance Agency
725 Providence Rd #100 – Charlotte, NC 28207 – (704) 333-6694 – View Map - Honeycutt Insurance Agency
3121 Springbank Ln F – Charlotte, NC 28226 – (704) 752-8233 – View Map - Biggs Insurance Group
13850 Ballantyne Corporate Pl #500 – Charlotte, NC 28277 – (704) 369-5270 – View Map
Exclusive Insurance Agents
Exclusive insurance agents normally can only provide a single company’s rates and some examples include Farmers Insurance, State Farm, or Allstate. They usually cannot shop your coverage around so they have no alternatives for high prices. Exclusive agents receive a lot of sales training on the products they sell which helps them sell on service rather than price. Many people choose to use an exclusive agent partially due to the brand legacy rather than having the cheapest rates.
The following are Charlotte exclusive insurance agencies willing to provide rate quotes.
- Gary Kochman – State Farm Insurance Agent
9539 Idlewild Rd – Charlotte, NC 28227 – (704) 545-4422 – View Map - Michael Pritchard – State Farm Insurance Agent
8633 Monroe Rd d – Charlotte, NC 28212 – (704) 535-2292 – View Map - AAA Carolinas
6600 A A A Dr – Charlotte, NC 28212 – (704) 569-3600 – View Map
Choosing the best auto insurance agent needs to be determined by more than just a low price. You should also get answers to these questions.
- Are they properly licensed to sell insurance in North Carolina?
- Will they give you a referral list?
- Are they able to influence company decisions when a claim is filed?
- Is coverage determined by price?
- Are they full-time agents?
- If you raise deductibles, how much can you save?
- Do they regularly work with personal auto policies in Charlotte?
- Is vehicle mileage a factor when determining depreciation for repairs?
More quotes mean more car insurance savings
When searching for the cheapest Mercury Milan rate quotes, it’s very important that you do not reduce coverage to reduce premium. There are too many instances where consumers will sacrifice comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. The goal is to get the best coverage possible at an affordable rate and still be able to protect your assets.
We just presented many ways to reduce Mercury Milan insurance prices online in Charlotte. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding affordable Charlotte auto insurance quotes. Consumers could even find that the lowest prices are with the least-expected company. These companies may only write in your state and offer lower rates than the large multi-state companies such as GEICO and State Farm.
For more information, link through to these articles:
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- What Auto Insurance is Cheapest for a Learners Permit in Charlotte? (FAQ)
- What Car Insurance is Cheapest for a Kia Optima in Charlotte? (FAQ)
- Crash Avoidance Technologies FAQ (iihs.org)
- Distracted Driving Extends Beyond Texting (State Farm)
- Coverage Information (Progressive Insurance)
- Driving in Bad Weather (Insurance Information Institute)