The Mercury Milan was first introduced by the Ford Motor Company in 2005. It is nearly identical to the Ford Fusion and is considered the entry-level vehicle of Ford’s mid-luxury division, Mercury. With the demise of Mercury, the Milan was scheduled to cease production in December 2010. The car insurance cost for the Mercury Milan will depend on several factors, which will be discussed in this article, but it should not be confused with the Mercury Milan Hybrid, which has added features that will increase insurance costs.
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If you’re considering a new car purchase and are wondering about comparative insurance costs, other vehicles similar to the Mercury Milan in weight, size, and class include Ford’s Fusion and Edge, Lincoln’s MKX and MKZ, the Mazda6, and the Mazda CX-9. The similarity of these vehicles means their insurance cost will be in the same range as well. As for the Milan itself, the average annual cost of insurance for the front-wheel drive, V6, four-door sedan is $1,265.
Is the car insurance cost for a Mercury Milan affected by safety?
There are several factors car insurance companies take into consideration when determining how much to charge you for premiums. One of those factors is the safety ratings an individual car receives from two nationally known organizations who conduct car crash tests. Car insurance companies are interested in safety ratings due to the fact that accidents may require them to pay out significant amounts of money for bodily injury. Mercury Milan owners can take comfort in the fact that their cars have consistently rated well in terms of safety.
The 2010 Mercury Milan received a score of five stars for front impact on both the driver and passenger sides. However, side impact was rated at four stars for the area of the rear passenger door. The rest of the car received five stars for side impact. Standard safety features built into the car such as anti-lock brakes, front and side airbags, overhead air bag, and side impact bars also contribute to lower auto insurance costs.
Is the car insurance cost for a Mercury Milan affected by anti-theft devices?
If you choose to purchase fire and theft coverage for your vehicle, then standard and additional anti-theft devices will certainly help reduce the car insurance cost for a Mercury Milan. The 2010 model comes standard with:
- An ignition disabling system
- A security system
- A panic alarm
You could further reduce the cost of your insurance, in terms of theft, by parking your vehicle in a garage overnight.
Fortunately, for owners of the Mercury Milan, their car of choice is not one that is popular among U.S. car thieves. Surprisingly, most of the cars listed among the top 10 of most stolen in America are more than 15 years old.
The 1994/95 Honda Civic continues to be the hottest car, holding the number one position for several years running. With the exception of the ’04 Dodge Ram pickup and the ’07 Toyota Corolla, the rest of the cars on the top ten list were all built in 1995 or earlier. That said, theft insurance for your Mercury Milan is less affected by the type of car itself than it is by the incidence of car theft in your area.
How does replacement value factor into the car insurance cost for a Mercury Milan?
When you purchase collision coverage for your vehicle, which is a requirement if you have a car loan, the insurance company must consider how much it would cost to replace the vehicle if it were totaled in an accident. The average base price of the 2010 Mercury Milan is $21,860, so when you first purchase insurance, your provider will consider that price along with a replacement value based upon factors like the Kelly Blue Book price. Unfortunately, as your car depreciates your insurance costs will not come down.
Other factors to consider in terms of how much your car insurance costs include:
- Who the primary driver is
- How often the car is driven
- How many miles are put on it annually
- General driving history
Insurance companies have a variety of ways of combining all of these factors into a formula that produces a number for your premiums. Also consider that the individual states have different regulations which also affect the cost of your insurance. Your best bet is to shop around and compare costs before deciding on anyone insurance carrier.
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