How Much Does 1992 Mercury Sable Insurance Cost?

Nobody I know anticipates paying for insurance, particularly when the cost is too high. Due to the increasing number of options, it can be challenging to find the best company.

It’s important to take a look at other company’s rates at least once a year since rates are constantly changing. Even if you got the best rate on Sable insurance two years ago you will most likely find a better price today. There are lots of tips to save on insurance on the web, but I’m going to show you some of the best ways to slash your insurance rates.

Discounts for cheap insurance quotes

Some companies don’t necessarily list every discount in a way that’s easy to find, so the list below details a few of the more well known as well as the least known credits that may apply to you.

  • Multi-car Discount – Buying coverage for several vehicles with one company can get a discount for every vehicle.
  • Anti-theft System – Vehicles optioned with advanced anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
  • Military Rewards – Being deployed in the military may lower your insurance rates slightly.
  • Low Mileage Discounts – Low annual miles could qualify for slightly better prices than normal.
  • Air Bag Discount – Cars that have air bags and/or automatic seat belt systems can receive discounts of 20 to 30 percent.

Just know that most of the big mark downs will not be given to all coverage premiums. Most only cut specific coverage prices like liability and collision coverage. If you do the math and it seems like adding up those discounts means a free policy, it just doesn’t work that way.

The best insurance companies and their possible discounts are:

  • Progressive discounts include homeowner, good student, online quote discount, multi-vehicle, continuous coverage, and online signing.
  • SAFECO includes discounts for anti-theft, anti-lock brakes, accident prevention training, safe driver, homeowner, bundle discounts, and drive less.
  • American Family has discounts for good student, air bags, defensive driver, Steer into Savings, accident-free, and mySafetyValet.
  • MetLife policyholders can earn discounts including good student, claim-free, accident-free, multi-policy, good driver, and defensive driver.
  • GEICO may offer discounts for driver training, multi-vehicle, air bags, daytime running lights, anti-theft, anti-lock brakes, and membership and employees.
  • The Hartford offers discounts including anti-theft, good student, air bag, driver training, defensive driver, bundle, and vehicle fuel type.

When quoting, ask every insurance company which credits you are entitled to. Some of the discounts discussed earlier may not be available in your area.

First Step: Get free insurance coverage quotes

Lowering your 1992 Mercury Sable insurance coverage rates is a great way to save money. The only requirement is to spend a little time getting comparison quotes from some recommended companies. This can be done by using one of the methods below.

  1. One of the simplest ways to get quotes is to use a rate comparison form like this one (opens in new window). This method keeps you from doing a different quote for every company. In just a few minutes this one form will return quotes from several companies.
  2. A more difficult way to find lower rates requires a trip to each individual company website and fill out a new quote form. For sake of this example, let’s say you want comparison quotes from Farmers, State Farm and Allstate. You would have to take the time to go to each site to input your insurance information, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.

It’s your choice how you get your quotes, but make sure you compare the exact same coverage data for each price quote. If the quotes have different deductibles it will be next to impossible to make an equal comparison.

Mercury Sable insurance rate factors

Many factors are part of the calculation when pricing auto insurance. A few of the factors are predictable such as your driving record, but other criteria are more transparent like where you live or your vehicle rating.

The factors shown below are a few of the “ingredients” that factor into your rate level.

  • Cut insurance rates and deter theft – Buying a car that has a built-in theft deterrent system can help lower your premiums. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms help track and prevent your vehicle from being stolen.
  • Where you live plays a part – Having an address in less populated areas of the country is a good thing when talking about insurance. People in densly populated areas tend to have more aggressive driving styles and higher rates of accident claims. Fewer people means a lower chance of having an accident as well as less vandalism and auto theft.
  • Credit history impacts costs – Your credit rating can be a huge factor in determining what you pay for insurance. So if your credit history is low, you could save money insuring your 1992 Mercury Sable by taking the time to improve your credit score. Insureds with excellent credit tend to be better drivers and file fewer claims than drivers with lower credit ratings.
  • High physical damage deductibles lower rates – The deductibles are how much you are willing to pay before your insurance pays a claim. Insurance for physical damage, aka comp and collision, covers damage that occurs to your car. Examples of some claims that would be covered would be collision with another vehicle, collision with a deer, and having a roll-over accident. The more expense you’re willing to pay, the better rate you will receive on Sable insurance.
  • Cars with good safety ratings save money – Vehicles with good safety scores can get you lower premiums. Vehicles engineered for safety result in less severe injuries and better occupant protection translates into savings for insurance companies which can result in lower premiums. If your Mercury has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.

You may need specialized auto insurance coverage

When choosing coverage, there really is not a cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions may help you determine whether you would benefit from professional advice.

  • When should I remove comp and collision on my 1992 Mercury Sable?
  • Is motorclub coverage worth it?
  • Am I insured when driving a different vehicle?
  • Do I really need UM/UIM coverage?
  • Does coverage extend to a rental car in a foreign country?
  • Will my rates increase for filing one claim?
  • Am I covered when driving in Canada or Mexico?
  • Will my insurance pay for OEM parts?
  • Does my 1992 Mercury Sable qualify for pleasure use?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

But they said I’d save $460 a year!

Consumers can’t escape the ads that claim the best car insurance rates from the likes of GEICO, State Farm and Progressive. All the companies seem to make the promise that drivers can save some big amount just by switching your insurance coverage to their company.

How does each company give you a lower rate?

Many companies have specific characteristics for the right customer that will generate a profit. An example of a driver they prefer could be over the age of 50, has had continuous coverage, and drives a car with an anti-theft system. Any customer who matches those parameters will get the preferred rates and is almost guaranteed to cut their rates substantially.

Potential insureds who do not meet the ideal profile will be charged higher rates which translates to the customer buying from a different company. The wording the ads use say “drivers who switch” but not “everyone who gets a quote” save that much money. That is how insurance companies can make claims like that.

Because every company is different, you really need to compare rate quotes every year. It’s just not possible to know which insurance companies will have better premium rates than you’re paying now.

Auto insurance 101

Understanding the coverages of a auto insurance policy can be of help when determining the best coverages and proper limits and deductibles. Auto insurance terms can be confusing and nobody wants to actually read their policy. Listed below are typical coverage types found on most auto insurance policies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Mercury Sable.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive auto coverage

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, a tree branch falling on your vehicle, damage from flooding and vandalism. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for liability

This coverage will cover damages or injuries you inflict on other people or property in an accident. It protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against claims like loss of income, medical expenses and bail bonds. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for collisions

This coverage pays for damage to your Sable resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as crashing into a building, hitting a mailbox, damaging your car on a curb, hitting a parking meter and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for ambulance fees, hospital visits, prosthetic devices, EMT expenses and chiropractic care. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

The best insurance company isn’t always the cheapest

Cheap 1992 Mercury Sable insurance can be purchased from both online companies and from local insurance agents, and you need to price shop both to have the best selection. Some insurance companies don’t offer price quotes online and these smaller companies prefer to sell through independent agents.

You just read a lot of techniques to save on 1992 Mercury Sable insurance. It’s most important to understand that the more times you quote, the better your chances of lowering your rates. You may be surprised to find that the most savings is with a smaller regional carrier. These companies often have lower rates on specific markets than the large multi-state companies such as Progressive and GEICO.

Helpful articles