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#480 of 490 Cheapest online company or state to buy Mercury Insurance Auto Extended War
Oct 19, 2010 (3:02 pm)
I posted this in the Extended Warranty section and didn't receive a single response so thought that you might be kind enough to create a new discussion. The merits of the discussion apply to all extended warranties: What is the cheapest way to buy them and where? Can they be bought cheaper out of state?
I have decided to buy a Mercury Insurance Extended Warranty after talking with several reputable dealers and independent service companies. Since the extended warranty is identical coverage no matter where I buy it, I was wondering what state typically offers the cheapest policies or more specifically which company (contact name and phone # would be ideal).
I don't want this thread to get hijacked on whether my decision to buy or not to buy a 3rd party warranty. That decision is made. I am now looking at the least expensive place to buy this particular Mercury Insurance coverage.
If you have a person and company name for me to contact, you can email me at tampaonegmail.com
I am located in Florida but think it will be much cheaper if I can buy it out of state… The reason that I suspect it will be cheaper is that I once bought an Infiniti Manufacturer Extended Warranty that was out of state while I resided in Florida and it was 1/3 less. However, I don't know if the state regulations apply equally to 3rd party aftermarket warranties vs manufacturer extended warranties....
Thanks in advance...
#481 of 490 Re: Cheapest online company or state to buy Mercury Insurance Auto Extended War [atwnsw1]
Oct 19, 2010 (4:57 pm)
I assume you are talking about Mercury Insurance Group's Mechanical Breakdown Protection, which I believe is marketing exclusively through Independent Agents. My suggestion would be to call various agents and get quotes. Make sure they are licensed in Florida.
Manufacturers extended warranty's are different. They generally have the same list price in all states, but there is a considerable markup. It is up to each individual dealer to set his selling price, be it MSRP or discounted. It really has nothing to do with what state the dealer is in.
#482 of 490 Re: Cheapest online company or state to buy Mercury Insurance Auto Extended War [jwilliams2]
Oct 19, 2010 (7:16 pm)
Yes, that is the policy which I am considering.
Is there a reason that I should buy it from a Florida agent? What is the advantage?
I know that I have to pay 7% sales tax in FL. If I buy it out of state, wouldn't I be able to save tax?
#483 of 490 Florida..
by kyfdx HOST
Oct 19, 2010 (7:52 pm)
The info from other Florida residents suggests that Florida does not allow entities outside Florida to sell insurance products to their residents..
For instance, dealers that sell Honda Care warranties will not sell to Florida residents (excepting Florida dealers, of course)..
Hope that helps,
#487 of 490 new topic
Mar 29, 2011 (5:27 am)
I have run across a car buying website called carwoo. I would like to start a new thread to ask people if they have used it and what their experiences have been. Thanks