Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Oct 5, 2015

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Want the cheapest car insurance rates for your Mercury Mystique? Have you finally had enough of sacrificing other expenses to buy car insurance? Your situation is no different than many other consumers.

Numerous auto insurance companies battle for your insurance dollar, so it can be very hard to choose a company to find the absolute cheapest price

Discounts can really help lower rates

Some companies don’t list every policy discount very clearly, so we break down both well-publicized and also the more inconspicuous credits available to bring down your rates.

  • Organization Discounts – Being in specific professional or occupational memberships or organizations could trigger savings on your policy.
  • Discounts for Federal Employees – Federal government employees could qualify for a slight premium decrease on Mystique coverage depending on your company.
  • Bundled Policy Discount – If you have multiple policies and insure them with the same company you could get a discount of at least 10% off all policies.
  • Drive Safe and Save – Drivers who avoid accidents can pay as much as 50% less on Mystique coverage than less cautious drivers.
  • Senior Discount – If you qualify as a senior citizen, you may be able to get a small discount on rates on Mystique coverage.
  • No Claims – Claim-free drivers have much lower rates in comparison to policyholders that have many claims.
  • E-sign – A handful of insurance companies will give a small break shop car insurance on their website.
  • Resident Student – College-age children who are enrolled in higher education away from home and don’t have a car can receive lower rates.
  • Early Payment Discounts – By making one initial payment instead of paying each month you can actually save on your bill.

One last thing about discounts, some of the credits will not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like medical payments or collision. Despite the fact that it seems like adding up those discounts means a free policy, you aren’t that lucky.

A list of companies and a summarized list of policyholder discounts are detailed below.

  • GEICO may offer discounts for military active duty, air bags, anti-theft, emergency military deployment, seat belt use, and daytime running lights.
  • Travelers offers discounts including driver training, home ownership, hybrid/electric vehicle, multi-policy, save driver, early quote, and IntelliDrive.
  • Nationwide policyholders can earn discounts including defensive driving, easy pay, Farm Bureau membership, anti-theft, and good student.
  • Farmers Insurance offers discounts for switch companies, homeowner, distant student, teen driver, and alternative fuel.
  • Esurance may include discounts for multi-car, good student, online shopper, anti-theft, safety device, emergency road assistance, and Switch & Save.
  • State Farm includes discounts for defensive driving training, accident-free, multiple policy, safe vehicle, and multiple autos.
  • Progressive offers premium reductions for online signing, homeowner, online quote discount, multi-vehicle, multi-policy, and good student.
  • Mercury Insurance has discounts for multi-policy, type of vehicle, professional/association, ease of repair, low natural disaster claims, anti-theft, and multi-car.

When getting a coverage quote, ask all the companies what discounts are available to you. Some credits might not apply in your area.

Enter your zip code below to view companies that have cheap auto insurance rates.

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How to get cheap car insurance

All major car insurance companies make it easy to get prices from their websites. The process doesn’t take a lot of time as all you need to do is type in your required coverages as requested by the quote form. Upon sending the form, the company’s rating system obtains credit information and your driving record and generates a price determined by many factors. This makes it simple to compare prices but the time it takes to visit a lot of sites and type in the same data is monotonous and tiresome. But it’s absolutely necessary to perform this step if you want to find better car insurance pricing.

The easy way to compare rates

A less time-consuming method to find cheaper rates is to use a quote form to obtain quotes from multiple companies. The form is fast, helps eliminate reptitive entry, and makes price shopping online much simpler. After sending the form, it is quoted and you can choose any of the pricing results. If a lower price is quoted, you can click and sign and buy the new coverage. The entire process just takes a couple of minutes and could lower your rates considerably.

If you want to find out how much you’re overpaying now, click here to open in new window and enter your vehicle and coverage information. To compare your current rates, we recommend you enter identical to your current policy. Doing this guarantees you will have rate comparison quotes using the same coverage and limits.

Insurance costs are influenced by these factors

Lots of factors are part of the equation when premium rates are determined. A few of the factors are predictable such as your driving record, but others are less apparent like your vehicle usage and annual miles driven.Part of the car insurance buying process is learning a few of the rating criteria that aid in calculating your car insurance rates. If you know what influences your rates, this empowers consumers to make smart changes that could result in lower car insurance prices.

The list below includes some of the things used by your company to calculate prices.

  • No policy claims equals better car insurance rates – If you file claims often, you can look forward to much higher rates or policy non-renewal. Auto insurance companies award the lowest premiums to people who file claims infrequently. Auto insurance is meant to be used in the event of larger claims.
  • Liability coverage is cheap – Liability coverage provides coverage if ever a court rules you are at fault for an accident. Liability provides legal defense coverage up to the limits shown on your policy. It is affordable coverage compared to physical damage coverage, so insureds should have plenty of protection for their assets.
  • Pay less with a high crash test rating – Safer cars are cheaper to insure. Safe vehicles reduce the chance of injuries and lower rates of occupant injuries means your insurance company pays less passed on to you as lower rates. If your Mercury Mystique has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Theft deterrents save – Driving a car with a theft deterrent system can get you a discount on your car insurance. Systems that thwart theives like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent car theft and help bring rates down.
  • What are your physical damage deductibles? – Physical damage insurance, also known as collision and other-than-collision, helps pay for damage to your vehicle. Some examples of claims that would be covered are colliding with a building, hail damage, and having your car stolen. Comprehensive and collision coverage deductibles define how much you are willing to pay in the event of a claim. The more you are required to pay out-of-pocket, the lower your rates will be on Mystique coverage.
  • Discounts for married couples – Having a spouse can get you a discount when buying car insurance. Having a spouse may mean you are more financially stable and statistics show drivers who are married file infrequent claims.

Will just any policy work for me?

When choosing coverage, there really is not a best way to insure your cars. Every situation is different so this has to be addressed. For instance, these questions might point out whether your personal situation will benefit from professional help.

  • Can my teen drive my company car?
  • Am I missing any policy discounts?
  • Do I need replacement cost coverage on my 1998 Mercury Mystique?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Are rock chip repairs covered?
  • Why do I need rental car insurance?
  • What if I don’t agree with a claim settlement offer?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Insurance advertising tricks

Big name companies like State Farm, Allstate and GEICO regularly use ads in print and on television. All the ads seem to make the promise about saving some big amount if you get a free car insurance quote and switch to them. How can each company make the same claim? This is how they do it.

Companies have underwriting criteria for the type of driver that is profitable for them. An example of a preferred risk could be over the age of 45, has no driving citations, and drives newer vehicles. Any driver who fits that profile gets the lowest car insurance rates and therefore will save when they switch companies.

Insureds who fall short of the ideal profile will have to pay a higher rate which translates to the customer not purchasing. The ads say “customers that switch” not “everyone that quotes” save that much. That is how insurance companies can advertise the savings. Because of this risk profiling, drivers should get car insurance quotes from several different companies. It’s just not possible to know which insurance companies will fit your personal profile best.

Car insurance coverages 101

Learning about specific coverages of your car insurance policy can be of help when determining the right coverages for your vehicles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are the usual coverages found on most car insurance policies.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Mercury Mystique.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Medical payments and PIP coverage – Med pay and PIP coverage pay for immediate expenses for pain medications, ambulance fees and nursing services. They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive auto coverage – This coverage pays for 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 coverage protects against claims such as vandalism, theft, damage from getting keyed, hail damage and hitting a deer. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for liability – Liability coverage protects you from damages or injuries you inflict on other people or property that is your fault. This coverage protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability coverage pays for claims such as medical services, attorney fees, bail bonds, repair costs for stationary objects and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Collision – This covers damage to your Mystique from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a parking meter, colliding with another moving vehicle and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to increase the deductible to bring the cost down.

Affordable insurance is out there

Throughout this article, we presented quite a bit of information on how to reduce 1998 Mercury Mystique insurance rates online. The most important thing to understand is the more rate quotes you have, the higher your chance of finding the cheapest car insurance. Drivers may discover the best price on insurance is with a lesser-known regional company. They can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, GEICO and Nationwide.

Cheaper insurance is possible on the web as well as from insurance agents, and you need to comparison shop both so you have a total pricing picture. Some insurance companies may not offer internet price quotes and most of the time these regional insurance providers sell through independent agents.

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