Would you like to find more affordable Mercury Milan insurance in Oklahoma City? Finding low-cost insurance for a new or used Mercury Milan in Oklahoma can be an all-consuming task, but you can use our auto insurance buying tips to make it easier.
There is a better way to find auto insurance online and we’ll show you the best way to compare rates for your Mercury and locate the best price possible from Oklahoma City insurance agents and online providers.
Remarkably, a study showed that most consumers in Oklahoma have bought auto insurance from the same company for at least four years, and approximately 38% of consumers have never compared rates to find cheaper insurance. Many consumers in America could save themselves roughly $850 a year just by shopping around, but they don’t want to take the time to compare rates.
It’s important to price shop coverage before your policy renews because rates are variable and change quite frequently. Even if you think you had the lowest rate on Mercury Milan insurance in Oklahoma City a couple years back a different company probably has better prices today. There are lots of tips to save on Milan insurance online but we’re going to give you the easiest ways to find affordable auto insurance in Oklahoma City.
Finding a better price on insurance isn’t really that difficult. All you need to do is take the time comparing rate quotes from some recommended companies.
The following companies have been selected to offer comparison quotes in Oklahoma. If the list has multiple companies, we suggest you get prices from several of them in order to get a fair rate comparison.
These discounts can lower Mercury Milan insurance rates
Car insurance is not cheap, but companies offer discounts that can dramatically reduce your bill. Some discounts apply automatically at the time of purchase, but a few need to be specifically requested before you get the savings. If they aren’t giving you every credit available, it’s possible you qualify for a lower rate.
- Include Life Insurance and Save – Insurance carriers who offer life insurance give a break if you buy auto and life insurance together.
- Onboard Data Collection – Drivers that enable driving data collection to scrutinize vehicle usage by using a telematic data system such as State Farm’s In-Drive could possibly reduce rates as long as they are good drivers.
- Pay Upfront and Save – If you pay your entire premium ahead of time instead of paying each month you may reduce your total bill.
- Bundled Policy Discount – When you combine your auto and homeowners insurance and insure them with the same company you may save nearly 15% which can help you find cheaper Milan insurance.
- Online Discount – Some of the larger companies will discount your bill up to fifty bucks simply for signing on your computer.
- Organization Discounts – Being a member of specific professional or occupational memberships or organizations may earn a discount on insurance.
Discounts save money, but please remember that many deductions do not apply to the entire policy premium. Most cut the price of certain insurance coverages like comp or med pay. Just because you may think all those discounts means the company will pay you, insurance companies aren’t that generous.
The example below illustrates the difference between Mercury Milan insurance premiums with and without discounts applied. The rates are based on a female driver, no violations or claims, Oklahoma state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, claim-free, multi-policy, and marriage discounts applied.
To view insurance companies who offer free Mercury Milan insurance quotes in Oklahoma, click here to view.
Coverage analysis
The coverage table displayed below showcases a range of insurance policy prices for Mercury Milan models. Knowing how insurance prices are formulated can assist in making decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Milan | $238 | $452 | $514 | $30 | $154 | $1,388 | $116 |
| Milan Premier | $238 | $532 | $514 | $30 | $154 | $1,468 | $122 |
| Milan Premier AWD | $268 | $532 | $514 | $30 | $154 | $1,498 | $125 |
| Milan Hybrid | $268 | $532 | $606 | $36 | $182 | $1,624 | $135 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Price estimates do not factor in specific location which can change auto insurance rates significantly.
Deductible comparison
The hardest decision when buying coverage is where should you set your physical damage deductibles. The following tables may help to illustrate the rate difference when you choose different insurance deductibles. The first data set uses a $250 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Milan | $346 | $584 | $382 | $22 | $114 | $1,473 | $123 |
| Milan Premier | $346 | $688 | $382 | $22 | $114 | $1,577 | $131 |
| Milan Premier AWD | $392 | $688 | $382 | $22 | $114 | $1,623 | $135 |
| Milan Hybrid | $392 | $688 | $448 | $26 | $134 | $1,713 | $143 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Milan | $214 | $368 | $382 | $22 | $114 | $1,100 | $92 |
| Milan Premier | $214 | $432 | $382 | $22 | $114 | $1,164 | $97 |
| Milan Premier AWD | $242 | $432 | $382 | $22 | $114 | $1,192 | $99 |
| Milan Hybrid | $242 | $432 | $448 | $26 | $134 | $1,282 | $107 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate quotes do not factor in zip code location which can alter coverage rates noticeably.
We can derive from the above data that using a $250 deductible costs roughly $34 more each month or $408 every year than requesting the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to have more than 22 months between claims, you would most likely save money if you opt for a higher deductible.
How to calculate when to raise deductibles
| Average monthly premium for $250 deductibles: | $133 |
| Average monthly premium for $1,000 deductibles (subtract): | – $99 |
| Monthly savings from raising deductible: | $34 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $34 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 22 months |
Buying from insurance agencies
A lot of people just want to talk to an insurance agent and that is not a bad decision Good insurance agents can help you choose the best coverages and help file insurance claims. One of the great benefits of price shopping on the web is you can get the lowest rates and still choose a local agent. Supporting local agents is definitely important in Oklahoma City.
Once you complete this short form, your insurance data gets sent to local insurance agents in Oklahoma City that can provide free Oklahoma City auto insurance quotes for your insurance coverage. It’s much easier because you don’t need to do any legwork because quoted prices will be sent immediately to you. If you have a need to get a rate quote from one company in particular, feel free to navigate to their website to submit a rate quote request.
Do you need an independent or exclusive auto insurance agent?
When looking for a local Oklahoma City insurance agency, it can be helpful to understand the different agency structures and how they function. Car insurance agents can either be independent agents or exclusive agents depending on their employer. Either one can write car insurance policies, but it’s worth mentioning the difference in the companies they write for since it can impact the selection process.
Independent Car Insurance Agencies or Brokers
Independent insurance agents are not required to write business for one company so they can write business through many different car insurance companies and potentially find a lower price. If they find a lower price, an independent agent can move your coverage and you stay with the same agent.
If you need lower rates, you will definitely want to get quotes from independent agents for the best price selection. A lot of them also have access to different regional companies which can save you money.
Below is a partial list of independent agencies in Oklahoma City who may provide free car insurance quotes.
- Centennial Insurance Group, Inc.
2814 W Britton Rd – Oklahoma City, OK 73120 – (405) 286-4179 – View Map - 3000 Insurance Group Alexander and Strunk
3000 NW 149th St – Oklahoma City, OK 73134 – (405) 751-8356 – View Map - Sherman-Hume
1225 W Britton Rd – Oklahoma City, OK 73114 – (405) 842-2377 – View Map
Exclusive Insurance Agents
These type of agents normally can only provide a single company’s rates and examples are Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents are unable to place coverage with different providers so keep that in mind. They are trained well on the products they sell which aids in selling service over price. Some insured continue to buy from exclusive agents primarily because of loyalty to the company and the convenience of having all coverages with one company.
Below is a short list of exclusive insurance agents in Oklahoma City that are able to give price quotes.
- David Hoffhines – State Farm Insurance Agent
6444 Northwest Expy #450 – Oklahoma City, OK 73132 – (405) 787-1111 – View Map - Farmers Insurance: Todd Jackson
5909 Northwest Expy #105 – Oklahoma City, OK 73132 – (405) 722-5858 – View Map - Marcia Corcoran – State Farm Insurance Agent
3135 NW 63rd St b – Oklahoma City, OK 73116 – (405) 848-8878 – View Map
Choosing the best car insurance agent requires more thought than just the bottom line cost. Any good agent in Oklahoma City should know the answers to these questions.
- How are they compensated?
- Do they carry Errors and Omissions coverage?
- What are the financial ratings for the companies they represent?
- How much training do they have in personal risk management?
- How long have they been in business?
- Are claim adjusters local or do you have to take your car somewhere else?
- Will high miles depreciate repair valuations?
- Do they write coverage based solely on cost?
After you get positive responses and the cheapest Mercury Milan insurance in Oklahoma City quotes, you may have found an insurance agent that can be trusted to properly service your car insurance policy. Just understand that you are able to terminate your policy at any point so don’t feel that you are obligated to a policy for the full policy term.
How Car Insurance Companies Determine Mercury Milan Insurance Prices
One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that come into play when calculating the rates you pay for car insurance. If you have some idea of what determines premiums, this allows you to make good choices that can help you get much lower annual insurance costs.
Occupation impacts premiums – Jobs like judges, business owners, and medical professionals tend to pay higher rates than average because of intense work requirements and lots of time spent away from family. Other careers such as scientists, students and the unemployed have lower than average premiums.
Gender is a factor – The statistics show that females take fewer risks when driving. However, this does not mean females are better drivers. Females and males cause auto accidents at about the same rate, but the men have accidents that have higher claims. They also get cited for more serious violations like DUI and reckless driving.
The diagram below shows the difference between Mercury Milan insurance costs for male and female drivers. The costs are based on no driving violations, no at-fault accidents, full coverage, $500 deductibles, drivers are not married, and no policy discounts are applied.
Older drivers pay less – Mature drivers are proven to be safer behind the wheel, are lower risk to insure, and are generally more financially stable. Teenage drivers are known to be less responsible when at the wheel of a vehicle so they pay higher car insurance rates.
The data below uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.
Accidents cost more than a fine – Your driving record can have a huge impact on auto insurance premiums. Careful drivers get better prices as compared to those with violations. Only having one ticket can boost insurance rates by twenty percent. Drivers unfortunate enough to have severe tickets such as reckless driving or DUI may be required to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to drive a vehicle legally.
The chart below illustrates how speeding tickets and accident claims can impact Mercury Milan insurance prices for different insured age categories. The data assumes a single male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.
Decrease premiums by maintaining coverage – Not having insurance is a big no-no and as a result your rates will increase for letting your coverage have a gap. And not only will your rates increase, the inability to provide proof of insurance can result in a revoked license or a big fine.
Liability coverage – Liability insurance will afford coverage if ever you are found liable for causing damage or personal injury in an accident. It provides legal defense to defend your case. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Insurance is not optional but you don’t have to overpay
Despite the high insurance cost for a Mercury Milan in Oklahoma City, buying insurance may be required for several reasons.
- Almost all states have compulsory liability insurance requirements which means the state requires a specific level of liability in order to get the vehicle licensed. In Oklahoma 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 you have a loan on your Milan, most banks will have a requirement that you buy insurance to ensure they get paid if you total the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your Mercury for a much higher rate and require you to pay for the expensive policy.
- Insurance safeguards not only your Mercury Milan but also your financial assets. Insurance will also pay for hospital and medical expenses incurred in an accident. One policy coverage, liability insurance, also covers legal expenses if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance more than cancel out the cost, especially when you need to use it. Unknowingly, the average driver is overpaying more than $800 each year so compare quotes from several companies at every policy renewal to be sure current rates are still competitive.
Keep this in mind when shopping around
We covered some good ideas how you can compare Mercury Milan insurance prices in Oklahoma City. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest prices come from the smaller companies.
Consumers change insurance companies for many reasons like policy cancellation, policy non-renewal, delays in paying claims or being labeled a high risk driver. It doesn’t matter why you want to switch finding the right auto insurance provider is not as difficult as it may seem.
Some insurance providers don’t offer online quoting and usually these regional insurance providers work with independent insurance agencies. Lower-priced auto insurance in Oklahoma City can be sourced both online and from local agencies, so you should be comparing quotes from both in order to have the best price selection to choose from.
How to find lower priced Mercury Milan insurance in Oklahoma City
The best way to get budget Mercury Milan insurance in Oklahoma City is to start doing an annual price comparison from providers who can sell car insurance in Oklahoma. This can be done by completing these steps.
- Gain an understanding of the coverage provided by your policy and the changes you can make to keep rates down. Many risk factors that result in higher rates such as tickets, at-fault accidents, and an imperfect credit score can be amended by making minor changes in your lifestyle.
- Request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO or Allstate, while independent agencies can give you price quotes for a wide range of insurance providers.
- Compare the new rate quotes to your current policy premium and see if there is a cheaper rate in Oklahoma City. If you find a lower rate and change companies, ensure coverage does not lapse between policies.
A good piece of advice is to use similar deductibles and liability limits on every price quote and and to look at as many carriers as you can. This provides the most accurate price comparison and a thorough selection of prices.
Additional information is located at these links:
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Teen Driving and Texting (State Farm)
- Understanding Your Insurance Deductible (Insurance Information Institute)