It's an obvious statement that insurance companies don't want policyholders to shop around. Consumers who get comparison quotes at least once a year will most likely move their business because they have a good chance of finding lower rate quotes. A recent survey revealed that drivers who make a habit of shopping around saved approximately $850 each year compared to policyholders who never compared rates.
If finding the best price on auto insurance in Jersey City is your ultimate objective, then having an understanding of how to shop for coverage rates can save money and time.
The best way to get cheaper Mercury Milan insurance in Jersey City is to do an annual price comparison from companies in New Jersey.
Step 1: Spend a few minutes and learn about what is in your policy and the factors you can control to prevent rate increases. Many factors that cause rate increases such as distracted driving and a low credit rating can be eliminated by making minor changes in your lifestyle.
Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from a single company like GEICO and Allstate, while independent agencies can quote rates from multiple sources.
Step 3: Compare the quotes to your existing policy to see if you can save by switching companies. If you can save money and decide to switch, make sure there is no lapse in coverage.
Step 4: Provide written notification to your current company of your intention to cancel the current policy. Submit a completed policy application and payment to the new insurer. As soon as you have the new policy, keep your new certificate of insurance along with the vehicle's registration papers.
One piece of advice is to compare identical coverages on each quote and and to get prices from as many companies as you can. This enables a fair rate comparison and plenty of rates choose from.
All major car insurance companies allow you to get coverage prices directly from their websites. Comparing Mercury Milan insurance rates online is very simple as you simply enter your required coverages into the quote form. Once you submit the form, the system sends out for your credit score and driving record and returns pricing information based on the data you entered.
Quoting online for Mercury Milan insurance in Jersey City helps simplify price comparisons, and it's necessary to compare as many rates as possible if you want to find the best possible rates on car insurance.
To compare rates now, compare rates now from the companies shown below. If you have coverage now, it's recommended you type in the coverage information as shown on your current policy. This helps ensure you will get an apples-to-apples comparison using the exact same coverages.
The companies shown below are our best choices to provide quotes in Jersey City, NJ. If you want cheap car insurance in New Jersey, it's a good idea that you click on several of them in order to get a fair rate comparison.
Auto insurance discounts help lower rates for Mercury Milan insurance in Jersey City
Companies that sell car insurance do not advertise every discount available very clearly, so the following list contains some of the more common and the harder-to-find discounts that you may qualify for.
- Responsible Drivers - Drivers who avoid accidents may save up to 50% more compared to rates paid by drivers with frequent claims.
- Theft Prevention Discount - Anti-theft and alarm system equipped vehicles are stolen with less frequency and will save you 10% or more on Milan insurance in Jersey City.
- Life Insurance Discount - Larger companies have a lower price if you buy some life insurance too.
- Early Signing - A few larger companies offer discounts for renewing your policy prior to your current Milan insurance policy expiration. The savings is around 10%.
- Pay Upfront and Save - By paying your entire bill at once rather than spreading payments over time you can actually save on your bill.
It's important to understand that most discounts do not apply to your bottom line cost. A few only apply to the cost of specific coverages such as liability, collision or medical payments. Just because it seems like having all the discounts means you get insurance for free, you aren't that lucky. Any qualifying discounts will lower the cost of coverage.
The illustration below shows the difference between Mercury Milan car insurance costs with and without discounts being applied to the rates. The prices are based on a female driver, no violations or claims, New Jersey state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, homeowner, claim-free, marriage, and multi-policy discounts applied.
Larger auto insurance companies and their offered discounts are shown below.
- Mercury Insurance offers discounts including location of vehicle, annual mileage, ease of repair, good student, and anti-theft.
- Farmers Insurance discounts include homeowner, mature driver, business and professional, alternative fuel, electronic funds transfer, and youthful driver.
- Farm Bureau has savings for driver training, safe driver, multi-vehicle, good student, 55 and retired, renewal discount, and multi-policy.
- State Farm may have discounts that include accident-free, multiple policy, passive restraint, Steer Clear safe driver discount, multiple autos, good student, and anti-theft.
- Allstate may include discounts for good payer, economy car, passive restraint, eSmart discount, premier plus, utility vehicle, and new car.
- GEICO includes discounts for emergency military deployment, seat belt use, air bags, anti-lock brakes, good student, anti-theft, and defensive driver.
When quoting, ask each company or agent which credits you are entitled to. Depending on the company, some discounts may not be available in every state. To see a list of insurers that offer some of these discounts in New Jersey, click here to view.
Mercury Milan insurance coverage information
The table displayed next outlines estimates of insurance prices for Mercury Milan models. Having a good understanding how auto insurance premiums are determined can assist in making smart choices when selecting a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Milan Premier AWD||$222||$478||$462||$28||$138||$1,328||$111|
|Get Your Own Custom Quote Go|
Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate information does not factor in Jersey City location which can lower or raise coverage prices considerably.
The diagram below shows how different deductible levels and can influence Mercury Milan annual premium costs for different insured age categories. The premiums assume a single female driver, comprehensive and collision coverage, and no discounts are factored in.
Bad driving habits will cost you more
The chart below demonstrates how citations and accidents impact Mercury Milan auto insurance rates for each different age group. The data is based on a single male driver, full coverage, $500 deductibles, and no discounts are taken into consideration.
Impact of age and gender on car insurance rates
The illustration below shows the difference between Mercury Milan insurance rates for male and female drivers. The price estimates are based on no accidents or driving violations, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no other discounts are factored in.
Cost of full coverage
The illustration below compares Mercury Milan insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in New Jersey. The prices are based on no accidents or driving violations, $1,000 deductibles, marital status is single, and no policy discounts are applied.
When to drop comprehensive and collision
There isn't a written rule of when to stop paying for full coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of any settlement you would receive from your insurance company, then it's probably a good time to buy liability coverage only.
For example, let's pretend your Mercury Milan replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $4,000 after paying the physical damage deductible. If it's costing in excess of $400 a year to have full coverage, then it might be time to buy liability only.
There are some cases where buying only liability insurance is not recommended. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Insurance agencies near you
A small number of people prefer to talk to an insurance agent and that can be a great decision The best thing about comparing rate quotes online is you may find the best rates and also buy local.
After filling out this short form, your insurance coverage information is transmitted to participating agents in Jersey City who will gladly provide quotes for your business. You don't have to contact any agents because quoted prices will be sent straight to your inbox. You can find lower rates and a licensed agent to work with. If you want to get a rate quote from a specific insurance provider, just search and find their rate quote page and give them your coverage information.
Picking the best insurer requires you to look at more than just a low price. The following questions are important to ask.
- Do they see any coverage gaps in your plan?
- Did they already check your driving record and credit reports?
- Is the agent properly licensed in New Jersey?
- What is the financial rating for the quoted company?
- How are claims handled?
- Do you need full coverage on every vehicle?
- Are there any extra charges for paying monthly?
- Is there a local claims center in Jersey City?
If you want a good insurance agency, there are two different types of agents and how they function. Insurance agents in Jersey City are classified as either independent or exclusive.
Exclusive Insurance Agencies
Agents of this type generally can only insure with one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. They usually cannot provide other company's prices so keep that in mind. Exclusive agents receive extensive training on their products and sales techniques which helps them sell on service rather than price. Some insured continue to purchase coverage from exclusives primarily because of the prominent brand name and strong financial ratings.
Listed below is a short list of exclusive insurance agents in Jersey City who can help you get comparison quotes.
- Mansa Nicome - State Farm Insurance Agent
86 NJ-35 - Neptune City, NJ 07753 - (732) 776-9999 - View Map
- Hemant Jiwnani - State Farm Insurance Agent
2770 John F Kennedy Blvd, FL-1 - Jersey City, NJ 07306 - (201) 653-1770 - View Map
- Farmers Insurance - Karima Panjwani
591 Summit Ave - Jersey City, NJ 07306 - (201) 793-7525 - View Map
Independent Agencies or Brokers
These agents do not sell for just one brand so they can quote policies with lots of companies and find the cheapest insurance rates. If they find a cheaper price, your policy is moved internally and you won't have to switch agencies. When comparing rate quotes, it's recommended you get some free quotes from independent agents for maximum quote selection. Many can place coverage with additional companies that you may not be familiar with which could offer lower prices.
The following is a list of independent agents in Jersey City willing to provide rate quotes.
- Arch Insurance
300 Exchange Pl - Jersey City, NJ 07311 - (201) 743-4000 - View Map
- Exodus Insurance Services
758 Ocean Ave - Jersey City, NJ 07304 - (201) 433-1015 - View Map
- AMC Insurance Inc
958 Summit Ave - Jersey City, NJ 07307 - (201) 656-1200 - View Map
When to get professional advice
When it comes to a policy for your vehicles, there really is not a best way to insure your cars. Each situation is unique and your insurance should be unique as well. For example, these questions can aid in determining whether your personal situation would benefit from professional advice.
- Do I need medical payments coverage since I have good health insurance?
- What does UM/UIM cover?
- Is borrowed equipment or tools covered if stolen or damaged?
- Why do I have to buy liability insurance?
- Does coverage extend to a rental car in a foreign country?
- What discounts do I qualify for?
If you're not sure about those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.
Specifics of your auto insurance policy
Having a good grasp of your policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you'll find the usual coverages available from auto insurance companies.
Collision coverage protection
Collision coverage pays for damage to your Milan resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims like scraping a guard rail, backing into a parked car, crashing into a building and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Another option is to increase the deductible on your Milan to get cheaper collision coverage.
Liability auto insurance
Liability insurance provides protection from damage that occurs to a person or their property that is your fault. This coverage protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 15/30/5 which means $15,000 in coverage for each person's injuries, a total of $30,000 of bodily injury coverage per accident, and a total limit of $5,000 for damage to vehicles and property.
Liability coverage protects against things such as funeral expenses, pain and suffering, repair costs for stationary objects and attorney fees. How much liability coverage do you need? That is a personal decision, but it's cheap coverage so purchase as large an amount as possible. New Jersey requires minimum liability limits of 15/30/5 but it's recommended drivers buy higher limits.
The next chart shows why buying low liability limits may not be high enough to adequately cover claims.
Uninsured/Underinsured Motorist coverage
This coverage provides protection from other drivers when they are uninsured or don't have enough coverage. It can pay for hospital bills for your injuries and damage to your Mercury Milan.
Because many people carry very low liability coverage limits (15/30/5), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.
This will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as falling objects, theft, hitting a bird and hail damage. The maximum amount you'll receive from a claim is the ACV or actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.
Medical payments coverage and PIP
Med pay and PIP coverage provide coverage for bills like chiropractic care, funeral costs and ambulance fees. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage
More effort can pay off
As you shop your coverage around, make sure you don't reduce coverage to reduce premium. There have been many situations where consumers will sacrifice physical damage coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage at the lowest possible cost but still have enough coverage for asset protection.
A few companies don't offer online price quotes and most of the time these smaller companies only sell coverage through local independent agencies. The cheapest Mercury Milan insurance in Jersey City is available from both online companies and from local agencies, and you should compare price quotes from both so you have a total pricing picture.
More information can be read below:
- All About Airbag Safety (State Farm)
- How Much are Jersey City Auto Insurance Quotes for Drivers Over Age 50? (FAQ)
- Who Has Cheap Auto Insurance Rates for 4x4 Vehicles in Jersey City? (FAQ)
- Who Has Cheap Jersey City Car Insurance Quotes for State Employees? (FAQ)
- What Insurance is Cheapest with Multiple Speeding Tickets in Jersey City? (FAQ)
- Who Has Cheap Car Insurance Quotes for Teenage Males in Jersey City? (FAQ)
- Car Insurance FAQ (Trusted Choice)
- Safety Features for Your New Car (State Farm)
- Where can I buy Insurance? (Insurance Information Institute)
- Auto Insurance Facts and Statistics (Insurance Information Institute)