No one likes buying car insurance, especially when their premiums are too high. There is such a variety of auto insurance companies to purchase coverage from, and though it is a good thing to have multiple companies, so many choices can make it hard to find the lowest cost provider.
It’s a good idea to price shop coverage before your policy renews because car insurance prices are usually higher with each renewal. Even if you got the lowest price on Grand Marquis insurance a year ago you can probably find a better rate now. Forget all the misinformation about car insurance because we’re going to show you the fastest and easiest way to properly buy coverages and cut your premium.
Multiple criteria are used when quoting car insurance. A few of the factors are predictable such as your driving history, but some are more obscure like where you live or how safe your car is.
The itemized list below are some of the factors used by insurance companies to determine your premiums.
Car insurance companies don’t always publicize every discount they offer very well, so we took the time to find some of the best known and the more hidden car insurance savings. If you check and find you aren’t receiving every discount you deserve, you could be saving more on your car insurance.
A little disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Most only cut individual premiums such as comp or med pay. So when it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.
Popular car insurance companies and the discounts they provide are:
It’s a good idea to ask every prospective company which credits you are entitled to. Some of the earlier mentioned discounts might not be offered on policies in your area. To locate companies who offer cheap car insurance quotes, follow this link.
When buying the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Each situation is unique and your policy should reflect that. For example, these questions can aid in determining whether your personal situation will benefit from professional help.
If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Understanding the coverages of insurance aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Shown next are typical coverage types available from insurance companies.
Collision insurance covers damage to your Grand Marquis resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for things like sideswiping another vehicle, colliding with a tree and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to get cheaper collision coverage.
Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for prosthetic devices, chiropractic care, doctor visits, pain medications and EMT expenses. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. They cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage
Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like hitting a deer, damage from a tornado or hurricane, fire damage and hail damage. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
This coverage provides protection from damage that occurs to people or other property in an accident. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.
Liability can pay for things like repair bills for other people’s vehicles, structural damage, attorney fees and medical services. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.
This gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Since many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.
We just presented a lot of ways to compare 2011 Mercury Grand Marquis insurance car insurance rates online. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the most savings is with a small local company. Regional companies may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive and GEICO.
As you prepare to switch companies, it’s a bad idea to sacrifice coverage to reduce premiums. There are a lot of situations where an insured cut liability limits or collision coverage and found out when filing a claim they didn’t purchase enough coverage. Your goal should be to purchase plenty of coverage at the best possible price and still be able to protect your assets.
Additional detailed information can be found by following these links: