The preferred way to save on Mercury Sable insurance in Baltimore is to compare quotes once a year from different companies who sell auto insurance in Maryland.
- Step 1: It will benefit you to learn about the different coverages in a policy and the changes you can make to drop your rates. Many factors that are responsible for high rates such as traffic tickets, fender benders, and a not-so-good credit rating can be controlled by making minor changes in your lifestyle. Later in this article we will cover more ideas to help prevent high rates and find overlooked discounts.
- Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like GEICO and State Farm, while agents who are independent can provide prices for a wide range of insurance providers.
- Step 3: Compare the new rate quotes to your current policy premium and see if you can save money. If you find a lower rate, make sure there is no lapse in coverage.
- Step 4: Provide written notification to your current company to cancel your current policy and submit a signed application and payment to the new company. Once coverage is bound, keep your new proof of insurance paperwork along with your vehicle registration.
An important part of this process is to try to compare identical coverage information on each quote request and and to get prices from as many carriers as you can. Doing this guarantees an apples-to-apples comparison and plenty of rates choose from.
Unbelievable but true according to a study most consumers renewed their policy with the same company for at least the last four years, and 38% of customers have never compared rates to find lower-cost insurance. Baltimore drivers could save themselves up to 55% a year by just comparing quotes, but most undervalue the amount of savings they would get if they switch to a new company.
The car insurance companies shown below can provide price comparisons in Maryland. If you wish to find the best car insurance in Baltimore, we suggest you visit several of them to get a more complete price comparison.
Choosing the best Sable insurance in Maryland is an important decision
Despite the high cost of buying insurance for a Mercury Sable in Baltimore, insurance serves an important purpose.
First, the majority of states have mandatory insurance requirements which means the state requires specific minimum amounts of liability coverage in order to be legal. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if you have a lien on your vehicle, it’s most likely the lender will require that you buy full coverage to guarantee payment of the loan. If the policy lapses, the bank may buy a policy for your Mercury for a lot more money and require you to fork over the higher price.
Third, auto insurance protects not only your vehicle but also your financial assets. It will also reimburse you for all forms of medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if you are sued as the result of your driving. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to have it repaired.
The benefits of carrying adequate insurance definitely exceed the cost, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer is wasting up to $855 a year so it’s very important to do a rate comparison at every renewal to make sure the price is not too high.
Insurance coverage basics
Understanding the coverages of your insurance policy can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement. Below you’ll find typical coverage types found on the average insurance policy.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like nursing services, doctor visits, surgery and X-ray expenses. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
Uninsured/Underinsured Motorist (UM/UIM)
This gives you protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Mercury Sable.
Because many people have only the minimum liability required by law (30/60/15), their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as falling objects, damage from a tornado or hurricane and theft. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Liability coverage protects you from damage or injury you incur to other people or property that is your fault. It protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 30/60/15 that means you have $30,000 in coverage for each person’s injuries, $60,000 for the entire accident, and $15,000 of coverage for damaged property.
Liability can pay for claims such as emergency aid, legal defense fees, attorney fees and structural damage. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford. Maryland state minimum liability requirements are 30/60/15 but you should consider buying more coverage.
The illustration below shows why low liability limits may not be enough coverage.
This coverage pays for damage to your Sable resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things like damaging your car on a curb, scraping a guard rail, sustaining damage from a pot hole and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible on your Sable to save money on collision insurance.
Maryland auto insurance companies ranked
Selecting the best car insurance provider can be challenging considering how many companies there are to choose from in Maryland. The company rank data displayed below could help you decide which car insurance providers to look at comparing price quotes from.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies