1993 Mercury Grand Marquis Insurance Rates

Looking for lower insurance coverage rates for your Mercury Grand Marquis? Did budget coverage turn out to be an overpriced insurance coverage policy? Say no more because many consumers are feeling buyer’s remorse and feel like there’s no way out. Multiple insurance companies compete for your insurance dollar, and because of this it can be hard to compare car insurance companies to get the lowest price

Car insurance rates and discounts

Some insurers don’t always publicize all available discounts in a way that’s easy to find, so we researched both well-publicized in addition to some of the lesser obvious discounts you could be receiving when you buy car insurance online.

  • Home Ownership Discount – Owning a house can save you money since owning and maintaining a home is proof of financial responsibility.
  • Discounts for Good Drivers – Safe drivers can save up to 40% or more on their car insurance quote for Grand Marquis coverage than drivers with accident claims.
  • Paperwork-free – A few larger online companies will provide an incentive for signing up on their website.
  • Good Student Discount – A discount for being a good student may save as much as 25% on a car insurance quote. Many companies even apply the discount to college students up until you turn 25.
  • Early Signing – A few companies allow discounts for renewing your policy early. It’s a savings of about 10%.
  • ABS Braking Discount – Cars and trucks equipped with ABS or steering control can stop better under adverse conditions and earn discounts up to 10%.
  • Student Driver Training – Have your child complete a driver education course if it’s offered in school.
  • Multi-Vehicle Discounts – Insuring more than one vehicle on a single policy can get a discount on all vehicles.
  • Multi-line Discount – Some insurance companies give a discount if you purchase a life insurance policy as well.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like liability and collision coverage. Even though it appears all the discounts add up to a free policy, nobody gets a free ride.

To see car insurance companies that have a full spectrum of discounts, click here.

How to compare insurance quotes

Comparing insurance rates can be a lot of work if you don’t know the most efficient way to do it. You can waste hours talking about coverages with local insurance agents in your area, or you could save time and use online quotes to accomplish the same thing much quicker.

Most of the larger companies are enrolled in a marketplace where prospective buyers only type in their quote data once, and every company then gives them pricing for coverage. This saves time by eliminating quotation requests for each company.

To compare pricing click here (opens in new window).

The only downside to pricing coverage this way is you can’t choose which companies you want to price. So if you prefer to pick specific providers to compare rates, we have assembled a list of companies who write insurance in your area. Click here for list of insurance companies.

Whichever way you choose to compare rates, do your best to use the exact same deductibles and coverage limits for each comparison quote. If the quotes have different values for each quote it’s not possible to determine the lowest rate for your Mercury Grand Marquis.

You can change your insurance premiums

Many factors are used when you get a price on insurance. Some are pretty understandable like your driving record, but other criteria are more transparent such as your credit history or how safe your car is.An important part of buying insurance is that you know the rating factors that come into play when calculating the rates you pay for insurance coverage. When you understand what determines base rates, this enables you to make decisions that could result in cheaper rates.

  • Get better rates if married – Having a significant other helps lower the price on your policy. It translates into being more stable financially and insurance companies reward insureds because married drivers tend to have fewer serious accidents.
  • Vehicle features that cut prices – Selecting a car model with an alarm system can get you a discount on your insurance coverage. Theft deterrent systems like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can thwart vehicle theft.
  • Premiums are lower the older you get – Older insureds are proven to be safer behind the wheel, tend to file fewer claims , and are generally more financially stable.Teen drivers have been known to get distracted easily when at the wheel of a vehicle so insurance coverage rates are higher.
  • Pay more by driving carelessly – Having a clean driving record influences premium rates substantially. Good drivers get better rates compared to drivers with tickets. Even a single chargable violation can increase rates by twenty percent. Drivers who have received multiple violations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with their state motor vehicle department in order to drive a vehicle legally.
  • Gals pay lower costs – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. This data doesn’t prove that women are better drivers. Females and males cause auto accidents at about the same rate, but men have costlier accidents. Men also get higher numbers of serious violations such as reckless driving. Teenage male drivers are several times more likely to be in an accident and therefore are the most expensive to insure.
  • Do you have enough liability protection? – A critical coverage on your policy, liability insurance kicks in if you are ruled to be at fault for damages from an accident. Your policy’s liability insurance provides for a legal defense which can be incredibly expensive. It is affordable coverage when compared to the cost of physical damage coverage, so do not cut corners here.

Situations that may require an agent’s advice

When it comes to buying proper insurance coverage, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that Here are some questions about coverages that may help you determine if you will benefit from professional help.

  • Will I lose any money if I cancel my policy before it expires?
  • What is covered by UM/UIM coverage?
  • Will filing a claim cost me more?
  • Do I have coverage for damage caused while driving under the influence?
  • What should my uninsured motorist coverage limits be in my state?
  • Do I have coverage when pulling a U-Haul trailer?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

Are auto insurance companies telling the truth?

Consumers constantly see and hear ads that claim the best car insurance rates by companies like State Farm, GEICO and Progressive. All the ads try to convey promises that people will save if you get a free car insurance quote and switch your auto insurance policy to them.

But how can every company charge lower premium rates? Here is the trick they use.

Insurance companies are able to cherry pick for the type of customer that will be a good risk. For instance, a profitable risk profile should be a married female, has never had a policy lapse, and drives a lower-performance vehicle. Any new insured that fits those parameters will get a cheap rate quote and therefore will save a lot if they switch.

Consumers who don’t meet those standards may receive a higher rate which results in the customer buying from someone else. The ad wording is “customers who switch” but not “all drivers who get quotes” can get the lowest rates when switching. That’s the way companies can truthfully advertise the way they do. Each company has different criteria, so you really need to do a price quote comparison at every renewal. It’s not possible to predict which insurance companies will have the best rates.

Coverage specifics

Understanding the coverages of your insurance policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and coverage can change by endorsement. Listed below are typical coverages found on the average insurance policy.

Liability car insurance

Liability coverage provides protection from damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things such as legal defense fees, loss of income, funeral expenses and court costs. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

Collision protection

Collision coverage covers damage to your Grand Marquis from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like scraping a guard rail, colliding with another moving vehicle, sustaining damage from a pot hole, rolling your car and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like a broken windshield, damage from getting keyed, a tree branch falling on your vehicle and falling objects. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical costs insurance

Med pay and PIP coverage provide coverage for short-term medical expenses for chiropractic care, EMT expenses, rehabilitation expenses, X-ray expenses and prosthetic devices. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 1993 Mercury Grand Marquis.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

More choices the merrier

When trying to cut insurance costs, it’s a bad idea to skimp on critical coverages to save a buck or two. In many instances, someone sacrificed uninsured motorist or liability limits only to regret that it was a big error on their part. The ultimate goal is to purchase plenty of coverage at an affordable rate, but do not skimp to save money.

Budget-conscious 1993 Mercury Grand Marquis insurance is attainable from both online companies as well as from independent agents, so you need to shop car insurance with both to have the best rate selection. A few companies do not offer online price quotes and usually these small insurance companies prefer to sell through independent agents.

You just learned a lot of information how to compare 1993 Mercury Grand Marquis insurance rates online. The key thing to remember is the more times you quote, the better likelihood of getting inexpensive car insurance. Drivers may discover the best price on car insurance is with a small local company. These companies may have significantly lower auto insurance rates on certain market segments than their larger competitors like State Farm and Allstate.

Additional information