It takes a few minutes, but the best way to find lower priced Mercury Milan insurance in Omaha is to do an annual price comparison from providers in Nebraska. You can compare rates by following these steps.
- Get an understanding of how auto insurance works and the measures you can take to prevent high rates. Many policy risk factors that drive up the price like careless driving and a negative credit score can be improved by making minor driving habit or lifestyle changes. This article gives instructions to find cheap prices and earn a bigger discount.
- Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like Progressive and State Farm, while independent agencies can provide price quotes from multiple sources. Get quotes now
- Compare the price quotes to the premium of your current policy to determine if switching companies saves money. If you can save money and buy the policy, make sure coverage is continuous and does not lapse.
An essential thing to point out is to compare the same liability limits and deductibles on every quote and and to get price estimates from as many different companies as possible. Doing this ensures a level playing field and a better comparison of the market.
It’s an obvious conclusion that car insurance companies don’t want you to look at other companies. Drivers who do rate comparisons are likely to move their business because they have good chances of finding a lower-cost company. A study discovered that people who compared prices once a year saved about $850 each year compared to policyholders who don’t regularly compare prices.
If finding the lowest price on Mercury Milan insurance is why you’re reading this, then having an understanding of how to choose a company and compare car insurance can make it easier to shop your coverage around.
It’s important to know that getting more free quotes helps improve the odds of finding a lower rate. Not every company provides price estimates online, so it’s necessary to compare quotes from those companies as well.
The companies shown below offer price comparisons in Nebraska. To locate the best car insurance in Omaha, it’s a good idea that you get prices from several of them in order to get a fair rate comparison.
Car insurance in Nebraska serves several purposes
Despite the high insurance cost for a Mercury Milan in Omaha, paying for car insurance is not optional due to several reasons.
- Most states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance coverage in order to license the vehicle. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Mercury Milan has a loan, almost every bank will force you to carry insurance to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Mercury at a more expensive rate and force you to reimburse them the higher price.
- Car insurance protects both your vehicle and your personal assets. It will also reimburse you for hospital and medical expenses for yourself as well as anyone injured by you. Liability insurance also pays expenses related to your legal defense in the event you are sued. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of insuring your car more than offset the price you pay, especially for larger claims. An average driver in America is wasting up to $820 a year so shop around at least once a year to save money.
Facts and figures for Mercury Milan insurance
The information shown below showcases detailed analysis of insurance costs for Mercury Milan models. Understanding more about how premiums are figured is important for drivers to make smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Milan | $222 | $442 | $332 | $20 | $100 | $1,116 | $93 |
| Milan Premier | $222 | $520 | $332 | $20 | $100 | $1,194 | $100 |
| Milan Premier AWD | $250 | $520 | $332 | $20 | $100 | $1,222 | $102 |
| Milan Hybrid | $250 | $520 | $390 | $24 | $116 | $1,300 | $108 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rates do not factor in your specific Omaha location which can increase or decrease insurance rates significantly.
An analysis of deductible level
One of the more difficult decisions when buying car insurance is which deductible level should you buy. The comparison tables below may help to illustrate the cost difference between high and low insurance deductibles. The first set of rates uses a $250 deductible for comp and collision and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Milan | $232 | $390 | $254 | $16 | $76 | $993 | $83 |
| Milan Premier | $232 | $460 | $254 | $16 | $76 | $1,063 | $89 |
| Milan Premier AWD | $262 | $460 | $254 | $16 | $76 | $1,093 | $91 |
| Milan Hybrid | $262 | $460 | $300 | $18 | $90 | $1,155 | $96 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Milan | $188 | $314 | $254 | $16 | $76 | $848 | $71 |
| Milan Premier | $188 | $370 | $254 | $16 | $76 | $904 | $75 |
| Milan Premier AWD | $212 | $370 | $254 | $16 | $76 | $928 | $77 |
| Milan Hybrid | $212 | $370 | $300 | $18 | $90 | $990 | $83 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific zip code location which can revise premiums significantly.
Based on the figures above, using a $250 deductible would cost the average driver about $13 more each month or $156 a year across all Mercury Milan models than requesting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 19 months between claim filings, you would save money by selecting a higher deductible. The table below illustrates how you can decide this on your own policy.
| Average monthly premium for $250 deductibles: | $90 |
| Average monthly premium for $500 deductibles (subtract): | – $77 |
| Monthly savings from raising deductible: | $13 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $13 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
Car insurance rates based on gender in Omaha
The diagram below illustrates the comparison of Mercury Milan yearly insurance costs for male and female drivers. The prices are based on a clean driving record, no claims, full coverage, $250 deductibles, single marital status, and no discounts are applied.
Mercury Milan full coverage rates compared to liability only
The illustration below compares Mercury Milan auto insurance rates with and without full coverage. The rates are based on no violations or accidents, $500 deductibles, marital status is single, and no other discounts are factored in.
Deciding between full coverage and liability only
There is no definitive formula that works best for making the decision to drop physical damage coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Mercury Milan settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after paying the physical damage deductible. If you are currently paying more than $200 annually for full coverage, then it might be time to consider dropping full coverage.
There are a few cases where dropping full coverage is not in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Get cheaper Mercury Milan insurance in Omaha with discounts
Companies offering auto insurance do not list the entire discount list very well, so we researched both the well known and also the lesser-known ways to save on insurance.
- Theft Deterrent Discount – Cars with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
- Discounts for New Vehicles – Buying a new car model can save up to 30% because new vehicles keep occupants safer.
- ABS Braking Discount – Vehicles with anti-lock braking systems are much safer to drive and qualify for as much as a 10% discount.
- Accident Forgiveness – This isn’t a discount exactly, but some insurance companies may permit one accident without getting socked with a rate hike as long as you don’t have any claims for a set time period.
- Bundled Policy Discount – If you have multiple policies with the same company you could earn a discount of approximately 10% to 15%.
Discounts lower rates, but most credits do not apply to all coverage premiums. Most only reduce specific coverage prices like comprehensive or collision. So even though it sounds like it’s possible to get free car insurance, it’s just not the way it works.
The illustration below visualizes the comparison of Mercury Milan insurance rates with and without discounts applied to the policy premium. The premiums assume a female driver, no accidents, no driving violations, Nebraska state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, multi-car, marriage, and homeowner discounts applied.
A partial list of companies that may have most of these discounts include:
Before buying, ask all companies you are considering to apply every possible discount. Discounts may not apply to policies in your area.
You may need specialized auto insurance coverage
Always remember that when buying proper insurance coverage, there is no “perfect” insurance plan. Your needs are unique to you so your insurance needs to address that.
For example, these questions can help discover whether you could use an agent’s help.
- Do I need medical payments coverage since I have good health insurance?
- Is my nanny covered when driving my vehicle?
- What is an umbrella policy?
- Can I afford to pay high deductible claims out of pocket?
- What is GAP insurance?
- What should my uninsured motorist coverage limits be in Nebraska?
If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.