Cheaper 1992 Mercury Cougar Insurance Cost

Looking for the cheapest insurance rates for your Mercury Cougar? Tired of wondering where the money will come from each month for insurance? You’re in the same situation as many other consumers.

Vehicle owners have so many insurance companies to purchase coverage from, and even though it’s nice to be able to choose, more options can take longer to find a good deal.

You should take the time to compare rates before your policy renews because insurance prices fluctuate regularly. Just because you found the best rate on Cougar coverage a few years ago you may be paying too much now. Ignore everything you know about insurance because you’re about to find out how to use the internet to find great coverage at a great price.

Finding the best rates is quite easy. If you currently have a car insurance policy, you will be able to cut costs considerably using this information. Although car owners do need to understand the methods companies use to sell insurance online and use this information to your advantage.

Why smart buyers pay less for Mercury Cougar insurance

The best way to find cheaper car insurance is to take a look at the different types of things that go into determining your policy premiums. If you understand what determines base rates, this enables you to make decisions that may result in much lower annual insurance costs.

  • City traffic equals higher premiums – Residing in a rural area can be a good thing when it comes to car insurance. Residents of big cities have to deal with congested traffic and higher rates of accident claims. Fewer drivers and short commutes means less chance of accidents and lower theft and vandalism rates.
  • Use one insurance company and save – Most major companies afford discounts to people that purchase more than one policy, otherwise known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even though this discount sounds good, drivers will still want to compare other company rates to guarantee you are still saving the most. You may still be able to find better rates by splitting coverages up.
  • Prices also based on gender – Statistics have proven women tend to be less risk to insure than men. However, this does not mean men are WORSE drivers than women. Males and females are responsible for at-fault accidents at about the same rate, but guys get into accidents with more damage. Men also get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly. Males from age 16 to 21 are several times more likely to be in an accident and therefore have the most expensive car insurance rates.
  • Stress out and pay more – Did you know your job can affect your rates? Careers like real estate brokers, social workers and accountants are shown to have higher premium rates attributed to stressful work requirements and long work hours. On the other hand, careers such as professors, engineers and performers get better rates on Cougar coverage.
  • Cheap car insurance rates for being claim-free – If you are the type of insured that files lots of claims don’t be surprised to see higher rates. Auto insurance companies award the best rates to people who only file infrequent claims. Your insurance policy is designed for claims that you cannot pay yourself.
  • Raising physical damage deductibles saves money – Insurance for physical damage, aka comp and collision, is used to repair damage to your Mercury. Some instances where coverage would apply are running into the backend of another car, flood damage, and having your car stolen. Physical damage deductibles state the amount of money you are required to spend before your car insurance pays a claim. The more expense you have to pay, the lower your rates will be on Cougar coverage.

First Step: Get free insurance coverage quotes

To find more affordable quotes, there are a couple of ways of comparing rate quotes from local insurance coverage companies. The simplest method to do a complete rate comparison consists of shopping online. It is quite easy and can be accomplished in a couple of different ways.

  • The most efficient way to get quotes for comparison is an all-inclusive rate comparison like this one (opens in new window). This type of form saves time by eliminating a different quote for each company you want a rate for. One quote request will return quotes from all major companies.
  • Another way to compare rate quotes is to manually visit each individual company website and fill out a new quote form. For instance, we’ll pretend you want to see prices from Farmers, Allstate and Progressive. To get rate quotes you would need to go to each individual site and punch in your information repeatedly, which is not fast way to get rate quotes.

    For a list of companies in your area, click here.

  • The least recommended method to quote and compare insurance rates is to drive around to local insurance agencies. Doing it all online makes this process obsolete unless your situation requires the professional guidance that only an agent can give. If you prefer, some companies allow you to comparison shop online and have a local agent actually service the policy.

The method you choose is up to you, but try to use apples-to-apples coverages for each comparison quote. If the quotes have mixed coverages it will be impossible to make a fair rate comparison. Just a small difference in insurance coverages could mean much higher rates. Just keep in mind that more quotes will enable you to find a better price. Some insurance companies are not set up to provide prices over the internet, so you need to compare price quotes from those companies as well.

Buyer beware of insurance coverage advertising tricks

Big name companies like Progressive, GEICO, Allstate and State Farm continually stream ads in print and on television. All the ads make the same claim that drivers can save some big amount after switching your policy. That’s great but how can every company give you a better price? You have to listen carefully.

All companies are able to cherry pick for the type of insured that earns them a profit. A good example of a driver they prefer might be described as a married female, is a homeowner, and drives a safe vehicle. A propective insured that fits those parameters gets the lowest car insurance rates and will most likely pay quite a bit less when switching companies.

Consumers who don’t meet this ideal profile may receive more expensive rates which translates to the customer not buying. The ads state “customers who switch” not “all people who quote” save money. That’s why insurance companies can confidently make claims like that. Because of these techniques, you really should compare free car insurance quotes often. It is just not possible to predict which insurance companies will fit you best based on your risk profile.

These discounts can lower your insurance coverage quotes

Some companies don’t always list every disount available in an easy-to-find place, so the following is a list of some of the best known and the more hidden discounts that you can inquire about if you buy car insurance online.

  • Low Miles Discount – Fewer annual miles on your Mercury could earn lower insurance coveragerates due to less chance of an accident.
  • Own a Home and Save – Just being a homeowner can help you save on insurance coverage since home ownership shows financial diligence.
  • One Accident Forgiven – but a handful of insurance companies will forgive one accident before your rates go up so long as you haven’t had any claims for a specific time period.
  • Multi-car Discount – Buying insurance for several vehicles with one company qualifies for this discount.
  • Pay Early and Save – By making one initial payment instead of monthly or quarterly installments you can avoid the installment charge.
  • Professional Organizations – Being a member of qualifying clubs or civic groups could qualify you for a break when getting a car insurance quote.

Consumers should know that most credits do not apply to the entire cost. Most only apply to the price of certain insurance coverages like comp or med pay. So even though you would think you could get a free insurance coverage policy, company stockholders wouldn’t be very happy.

Larger insurance coverage companies and their offered discounts are outlined below.

  • Farm Bureau policyholders can earn discounts including 55 and retired, renewal discount, safe driver, multi-vehicle, youthful driver, and driver training.
  • Liberty Mutual offers premium reductions for multi-car, safety features, newly married, hybrid vehicle, good student, exclusive group savings, and preferred payment discount.
  • State Farm offers discounts including multiple autos, good driver, student away at school, multiple policy, accident-free, anti-theft, and Steer Clear safe driver discount.
  • Auto-Owners Insurance has discounts for paperless, multi-policy, safe driver, air bags, and anti-lock brakes.
  • GEICO includes discounts for good student, multi-policy, anti-lock brakes, federal employee, and emergency military deployment.
  • SAFECO discounts include drive less, anti-lock brakes, homeowner, bundle discounts, anti-theft, and safe driver.

Double check with all the companies how many discounts you can get. Savings might not be available to policyholders everywhere.

Different people need different car insurance coverages

When it comes to buying proper insurance coverage, there really is no “perfect” insurance plan. Each situation is unique so this has to be addressed. For instance, these questions can help discover whether your personal situation could use an agent’s help.

  • What is an SR-22 filing?
  • Is business property covered if stolen from my car?
  • When would I need additional glass coverage?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Should I bundle my homeowners policy with my auto?
  • Does my personal policy cover me when driving out-of-state?
  • How high should my uninsured/underinsured coverage be in my state?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Can my teen drive my company car?
  • Am I covered if I hit a deer?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Auto insurance coverage information

Understanding the coverages of insurance helps when choosing appropriate coverage at the best deductibles and correct limits. Insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages offered by insurance companies.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 1992 Mercury Cougar.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is very important.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like rehabilitation expenses, X-ray expenses, ambulance fees and dental work. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers you and your occupants as well as being hit by a car walking across the street. PIP is not available in all states and may carry a deductible

Collision coverage – This coverage will pay to fix damage to your Cougar resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as hitting a mailbox, damaging your car on a curb and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from getting keyed, a broken windshield, damage from a tornado or hurricane and hail damage. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto liability – Liability coverage will cover damage or injury you incur to a person or their property that is your fault. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as repair costs for stationary objects, pain and suffering, medical expenses, emergency aid and bail bonds. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

More effort can pay off

As you restructure your insurance plan, make sure you don’t sacrifice coverage to reduce premiums. In many instances, someone sacrificed full coverage and learned later that their decision to reduce coverage ended up costing them more. Your strategy should be to buy a smart amount of coverage at a price you can afford but still have enough coverage for asset protection.

Some companies do not offer online quoting and many times these smaller providers only sell through local independent agents. Cheaper auto insurance can be purchased both online as well as from insurance agents, and you should be comparing both to have the best chance of lowering rates.

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