Feel like you have an expensive car insurance policy? Don’t feel bad because you’re not alone. Numerous insurers battle to insure your vehicles, and because of this it can be hard to compare insurers and get the definite best rate
Smart consumers take time to get comparison quotes as often as possible because insurance rates are usually higher with each renewal. Just because you found the lowest premium rates for Grand Marquis coverage a year ago the chances are good that you can find a lower price today. Forget anything you know (or think you know) about car insurance because you’re about to learn the right way to save on car insurance.
If you have a current insurance policy or need new coverage, you can follow these tips to cut your premiums while maintaining coverages. Buying car insurance is not that difficult. Consumers just need to learn the tricks to get comparison quotes online.
A large part of saving on insurance coverage is knowing some of the things that go into determining your premiums. If you understand what determines base rates, this allows you to make educated decisions that could help you find better insurance coverage rates. Lots of things are used when premium rates are determined. Some are obvious like your driving record, although others are less obvious such as whether you are married or your commute time.
Insurance is not cheap nor is it fun to buy but you may find discounts to reduce the price significantly. A few discounts will automatically apply at the time of quoting, but a few must be inquired about in order for you to get them. If you check and find you aren’t receiving every discount possible, you are not getting the best rate possible.
While discounts sound great, it’s important to understand that some credits don’t apply to all coverage premiums. Some only apply to the price of certain insurance coverages like medical payments or collision. So even though you would think having all the discounts means you get insurance for free, nobody gets a free ride.
A few popular companies and the discounts they provide are detailed below.
Double check with all companies you are considering what discounts are available to you. A few discounts might not be offered in every state. If you would like to see a list of providers that have a full spectrum of discounts, click this link.
Consumers can’t get away from all the ads that claim the lowest car insurance rates from the likes of GEICO, State Farm and Progressive. All the ads seem to make the promise about savings if you switch your coverage.
How can each company lower your car insurance rates?
Many companies can use profiling for the type of customer that earns them the most money. For example, a profitable insured may need to be between the ages of 30 and 50, has a clean driving record, and has a short commute. Any new insured who matches those parameters will get a cheap rate quote and therefore will save quite a bit of money when switching.
Potential insureds who fall outside this stringent profile will be charged more expensive rates which leads to business not being written. The trick companies use is to say “customers who switch” not “everyone that quotes” save that kind of money. This is how insurance companies can advertise the way they do. Because each company has a different risk profile, it is so important to get insurance coverage quotes from several different companies. It is impossible to guess which company will have better premium rates than you’re paying now.
When buying coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions may help you determine if your insurance needs will benefit from professional help.
If it’s difficult to answer those questions, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.
Having a good grasp of a insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages available from insurance companies.
Medical costs insurance
Coverage for medical payments and/or PIP pay for immediate expenses such as ambulance fees, X-ray expenses and pain medications. They are used in conjunction with a health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage
Your UM/UIM coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your 2004 Mercury Grand Marquis.
Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
This covers damage to your Grand Marquis resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as scraping a guard rail, crashing into a ditch, sideswiping another vehicle, driving through your garage door and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also raise the deductible to save money on collision insurance.
Comprehensive or Other Than Collision
This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as fire damage, damage from flooding and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Liability car insurance
Liability insurance will cover damages or injuries you inflict on other people or property by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.
Liability insurance covers things like emergency aid, medical services and loss of income. How much liability should you purchase? That is your choice, but you should buy as much as you can afford.
As you quote insurance coverage, do not buy less coverage just to save a little money. There are a lot of situations where someone dropped comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. Your goal is to purchase a proper amount of coverage for the lowest cost, not the least amount of coverage.
You just learned many ways to reduce 2004 Mercury Grand Marquis insurance prices online. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding inexpensive insurance coverage. Consumers could even find that the best price on auto insurance is with the least-expected company. These smaller insurers often have lower rates on specific markets than their larger competitors like Progressive or GEICO.
Cheap 2004 Mercury Grand Marquis insurance can be bought online and with local insurance agents, and you need to comparison shop both to have the best selection. Some companies may not provide price quotes online and usually these small insurance companies work with local independent agents.