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
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.
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.
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.
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.
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.
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.
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.
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 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
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.
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.