Looking for cheaper car insurance rates for your Mercury Cougar? No normal person likes having to buy car insurance, especially when they could find better rates elsewhere.
You have multiple insurance companies to choose from, and though it is a good thing to have multiple companies, it makes it harder to get the best deal.
Some providers don’t list the complete list of policy discounts very clearly, so the next list breaks down both well-publicized and also the lesser-known discounts that may be available.
You should keep in mind that most of the big mark downs will not be given to all coverage premiums. Most only cut individual premiums such as liability, collision or medical payments. Even though it may seem like adding up those discounts means a free policy, nobody gets a free ride.
A few popular companies and some of their more popular discounts are outlined below.
When quoting, ask all the companies which discounts can lower your rates. Some of the discounts discussed earlier might not apply in your state. To find insurers with discount rates, click this link.
There are multiple methods to compare insurance coverage prices but some are less labor-intensive and much quicker. You can spend your afternoon driving to insurance agencies in your area, or you could save time and use the internet to achieve your goal.
Many companies belong to a marketplace that enables customers to only type in their quote data once, and each participating company then returns a price quote. This prevents consumers from doing form submissions to every company. To compare pricing click here to open in new window.
The single downside to using this type of system is you cannot specify which insurance companies to receive prices from. If you would rather choose specific insurance companies for rate comparison, we put together a list of insurance coverage companies in your area. Click to view list.
It doesn’t matter which method you choose, just do your best to use equivalent coverages and limits with every price quote. If the quotes have differing limits it’s impossible to find the best deal for your Mercury Cougar. Even a minor difference in coverage limits could mean much higher rates. Just keep in mind that comparing more company’s prices helps you find a better price. Not every company does price estimates online, so it’s important to compare quotes from those companies as well.
The best way to find cheaper insurance coverage is to take a look at the rating factors that go into determining the level of your policy premiums. If you know what determines base rates, this helps enable you to make changes that could result in cheaper rates.
When it comes to buying the best car insurance coverage, there really is not a cookie cutter policy. Each situation is unique so this has to be addressed. Here are some questions about coverages that might help in determining whether you might need an agent’s assistance.
If you can’t answer these questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier
Auto insurance companies such as State Farm and Allstate constantly bombard you with ads in print and on television. All the companies make the point that drivers can save some big amount if you move to their company. How does every company make the same claim? It’s all in how they say it.
All the different companies are able to cherry pick for the type of driver that earns them the most money. For instance, a profitable customer may need to be over the age of 50, has a clear driving record, and has a high credit rating. Someone who matches those parameters will get low rates and will most likely save when switching.
Potential insureds who do not meet this stringent profile will see higher premium rates which translates to the customer buying from someone else. The ads state “drivers that switch” not “everybody who quotes” can get the lowest rates when switching. That’s the way insurance companies can confidently make it sound like they have such great premium rates. This really emphasizes why you really should compare free car insurance quotes often. Because you cannot predict with any certainty which company will have better car insurance rates than you’re paying now.
Having a good grasp of a car insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Car insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are the usual coverages found on most car insurance policies.
Collision insurance pays for damage to your Cougar caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for things such as crashing into a ditch, driving through your garage door and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.
This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Liability coverage can cover damages or injuries you inflict on a person or their property that is your fault. This insurance protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.
Liability insurance covers claims like attorney fees, pain and suffering and court costs. How much liability should you purchase? That is your choice, but consider buying as much as you can afford.
Med pay and PIP coverage pay for short-term medical expenses for funeral costs, pain medications and X-ray expenses. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage
Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things like falling objects, a tree branch falling on your vehicle, vandalism, damage from getting keyed and a broken windshield. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
As you prepare to switch companies, it’s a bad idea to buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped uninsured motorist or liability limits and learned later that the few dollars in savings costed them thousands. The aim is to purchase a proper amount of coverage for the lowest cost while not skimping on critical coverages.
Cheaper insurance can be purchased from both online companies and from local insurance agents, and you should be comparing both in order to have the best chance of saving money. There are still a few companies who may not have rates over the internet and many times these small insurance companies work with local independent agents.