1998 Mercury Grand Marquis Insurance Rates

Searching for the cheapest insurance coverage rates for your Mercury Grand Marquis? Are you sick and tired of scraping nickels together to pay high insurance coverage rates every month? Your situation is no different than many other people.

Many auto insurance companies vie for your business, and because of this it can be hard to compare auto insurance companies to find the absolute cheapest price

You should take the time to compare rates occasionally since prices are rarely the same from one policy term to another. Just because you found the best deal on Grand Marquis coverage two years ago other companies may now be cheaper. You can search a lot of insurance coverage out there, but in a few minutes you can learn some of the best techniques to lower your insurance coverage premiums.

Insurance policy discounts

Car insurance companies do not list all their discounts very clearly, so the following is a list of some of the best known in addition to some of the lesser obvious credits available to lower your premiums when you buy insurance coverage online.

  • Government Employee Discount – Being employed by or retired from a federal job can earn a discount up to 10% on Grand Marquis coverage depending on your insurance provider.
  • Distant Student – Older children who are enrolled in higher education away from home and do not have access to a covered vehicle could get you a discount.
  • Online Discount – A few larger online companies will give a small break just for signing your application on your computer.
  • New Vehicle Savings – Putting insurance on a new car can get you a discount compared to insuring an older model.
  • Homeowners Pay Less – Being a homeowner can help you save on insurance because it requires personal responsibility.
  • Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts can save up to 15% on the medical payments or PIP coverage costs.
  • Low Mileage Discounts – Maintaining low annual mileage could earn substantially lower premium rates.
  • Payment Method – If you pay your entire premium ahead of time rather than spreading payments over time you can avoid the installment charge.
  • Student Discount for Driver Training – Have your child enroll in driver’s education in school.

As a sidenote, some of the credits will not apply to the entire cost. The majority will only reduce the cost of specific coverages such as comp or med pay. So even though they make it sound like you could get a free insurance policy, you aren’t that lucky.

Larger insurance companies and a partial list of their discounts can be read below.

  • State Farm includes discounts for good driver, anti-theft, passive restraint, safe vehicle, and defensive driving training.
  • American Family has discounts for defensive driver, bundled insurance, mySafetyValet, accident-free, and multi-vehicle.
  • AAA has savings for pay-in-full, anti-theft, good student, AAA membership discount, and multi-car.
  • GEICO may offer discounts for military active duty, air bags, driver training, emergency military deployment, seat belt use, and daytime running lights.
  • Mercury Insurance may include discounts for good driver, professional/association, multi-policy, annual mileage, anti-theft, accident-free, and location of vehicle.
  • Farmers Insurance may have discounts that include homeowner, pay in full, mature driver, teen driver, bundle discounts, and electronic funds transfer.
  • Progressive offers premium reductions for online signing, multi-vehicle, online quote discount, continuous coverage, and good student.

When quoting, ask all companies you are considering which discounts you may be entitled to. Savings may not apply in your area. To locate insurance companies that can offer you the previously mentioned discounts, follow this link.

Insurance prices are influenced by these factors

Many things are used in the calculation when quoting car insurance. Some are obvious like a motor vehicle report, but others are more transparent like your continuous coverage or your financial responsibility.The best way to find cheaper auto insurance is to take a look at a few of the rating criteria that come into play when calculating auto insurance rates. If you know what positively or negatively impacts your premiums, this allows you to make good choices that can help you get lower premium levels.

The factors shown below are some of the major factors auto insurance companies consider when setting your rates.

  • Reduce premiums by driving safer vehicles – Cars with five star safety ratings cost less to insure. Vehicles built for safety have better occupant injury protection and fewer injuries means less claims paid which can result in lower premiums. If your Mercury scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Discounts for auto and home policies – Some companies apply discounts to clients that have more than one policy in the form of a multi-policy discount. Even if you’re getting this discount you still need to compare other insurance prices to make sure you are getting the best deal.
  • Defend yourself with liability protection – Liability coverage will protect you when you are found to be at fault for an accident. This coverage provides for a legal defense which can cost a lot. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.
  • Never go without auto insurance – Driving without insurance can get your license suspended and auto insurance companies will penalize you for letting your insurance coverage expire. Not only will rates go up, not being able to provide proof of insurance may result in fines and jail time. You may then have to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Advanced alarm systems – Buying a car with advanced anti-theft systems can save you a little every year. Anti-theft devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent vehicle theft.
  • Pay more by driving carelessly – Having a single speeding ticket could increase your next policy renewal forty percent or more. Drivers who don’t get tickets tend to pay less for car insurance than people who have multiple driving citations. Drivers who have received flagrant violations such as hit and run, DWI or reckless driving convictions may find they need to complete a SR-22 with their state’s licensing department in order to legally drive a vehicle.
  • Pay more out-of-pocket – Deductibles for physical damage are how much you are willing to pay out-of-pocket if you file a covered claim. Physical damage insurance, aka comp and collision, protects your car from damage. Some coverage claims could be a windshield broken by a bird, damage caused by hail, and damage from wind. The more of the claim the insured has to pay upfront, the less your company will charge you for insurance on Grand Marquis coverage.

How do I know if I need professional advice?

When it comes to buying the best insurance coverage coverage, there is no one size fits all plan. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that might help in determining whether you may require specific advice.

  • Can I afford to pay high deductible claims out of pocket?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What is medical payments coverage?
  • Who is covered when they drive my 1998 Mercury Grand Marquis?
  • Should I carry comprehensive and collision coverage?
  • How can I get my company to pay me more for my totalled car?
  • Does my policy pay for OEM or aftermarket parts?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Do I have coverage when using my vehicle for my home business?
  • Can my babysitter drive my car?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area.

The coverage is in the details

Understanding the coverages of car insurance aids in choosing the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy. Listed below are the usual coverages found on the average car insurance policy.

Auto collision coverage

This coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like hitting a parking meter, damaging your car on a curb, colliding with another moving vehicle, hitting a mailbox and driving through your garage door. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.

Auto liability

This can cover damage or injury you incur to other’s property or people that is your fault. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims such as repair bills for other people’s vehicles, funeral expenses and pain and suffering. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like ambulance fees, surgery, X-ray expenses and hospital visits. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Uninsured and underinsured coverage

This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive coverages

This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as damage from flooding, a broken windshield and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Knowledge is power

Throughout this article, we presented some good ideas how you can compare 1998 Mercury Grand Marquis insurance premium rates online. The key concept to understand is the more times you quote, the better chance you’ll have of finding affordable insurance coverage. Consumers may even find the lowest premium rates come from a smaller regional carrier. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate or State Farm.

When buying insurance coverage, you should never skimp on coverage in order to save money. There are a lot of situations where an insured dropped physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. Your objective should be to get the best coverage possible at the lowest possible cost but still have enough coverage for asset protection.

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