2003 Mercury Grand Marquis Car Insurance Rates – 9 Savings Tips

Searching for lower insurance coverage rates for your Mercury Grand Marquis? Are you regretting buying overpriced insurance coverage? It’s a common feeling and many drivers feel the same as you.

Due to the abundance of online and local companies to choose from, it is very difficult to pick the lowest price insurer.

First Step: Get free insurance coverage quotes

When shopping for cheaper insurance quotes, there are a couple of ways to compare quotes from many insurance coverage companies in your state. The recommended way to find the cheapest Mercury Grand Marquis insurance rates involves getting comparison quotes online. It’s really quite simple and can be done in several different ways.

  1. The first (and easiest) way to get the best comparison quotes is an all-inclusive rate comparison click to view form in new window. This method keeps you from doing separate quotation requests for every prospective company. Completing one form gets you coverage quotes from insurance coverage companies with the best prices.
  2. A harder way to obtain and compare quotes online is going to the website for each individual company and fill out their own quote form. For sake of this example, we’ll assume you want to compare rates from Nationwide, Progressive and GMAC. To do that, you would have to visit each site and repeatedly enter your information, which explains why we recommend starting with the first method. For a handy list of car insurance company links in your area, click here.
  3. The least recommended method to get price estimates to each insurance agency near you. Buying insurance online can eliminate the need for a local agent unless your situation requires the peace of mind that can only be provided by a licensed insurance agent. It is possible to price shop your coverage online and have a local agent actually service the policy.

Whichever method you choose, do your best to enter exactly the same quote information on every quote. If you have different deductibles you can’t possibly make an equal comparison. Quoting even small variations in insurance coverages or limits could throw off the whole comparison. And when price shopping your coverage, quoting more helps you find more affordable insurance. Not every company provides online rate quotes, so it’s recommended that you also compare price estimates from them, too.

Drivers save money with these nine money-saving discounts

Insurance coverage is not cheap nor is it fun to buy but there are discounts available that can drop the cost substantially. Certain credits will be shown at quote time, but some may not be applied and must be requested specifically before being credited.

  • Discount for Life Insurance – Select insurance carriers reward you with a discounted rate on car insurance if you buy a life insurance policy as well.
  • Smart Student Discounts – Maintaining excellent grades may save as much as 25% on a insurance quote. Many companies even apply the discount to college students up until you turn 25.
  • Organization Discounts – Belonging to qualifying employment or professional organizations could qualify you for a break on your next insurance coverage statement.
  • Employee of Federal Government – Being employed by or retired from a federal job could provide a small rate reduction for Grand Marquis coverage with select insurance companies.
  • Payment Discounts – By paying your policy upfront instead of monthly or quarterly installments you may have a lower total premium amount.
  • Distant College Student Discount – who live away from home to go to college and don’t have a car could get you a discount.
  • Paperless Signup – Certain insurance companies provide a small discount get insurance online.
  • Defensive Driver – Participating in a course that instructs on driving safety could cut 5% off your bill and make you a better driver.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems may earn rate discounts of 20% or more.

It’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

A list of companies and a partial list of their discounts are included below.

  • AAA offers premium reductions for anti-theft, multi-policy, education and occupation, multi-car, good driver, good student, and pay-in-full.
  • Progressive policyholders can earn discounts including homeowner, online signing, multi-vehicle, good student, and multi-policy.
  • State Farm has savings for safe vehicle, student away at school, Steer Clear safe driver discount, defensive driving training, good driver, and Drive Safe & Save.
  • Esurance includes discounts for Pac-12 alumni, anti-lock brakes, claim free, good student, and DriveSense.
  • Nationwide offers discounts for Farm Bureau membership, family plan, good student, multi-policy, defensive driving, and business or organization.

If you need cheap insurance quotes, ask each company or agent which discounts you may be entitled to. Some credits might not be available to policyholders in your area. If you would like to see a list of insurers who offer cheap insurance coverage quotes, follow this link.

Do I need special coverages?

When buying the right insurance coverage, there really is not a one size fits all plan. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if your situation could use an agent’s help.

  • Can I rate high risk drivers on liability-only vehicles?
  • Am I covered if I hit a deer?
  • I have health insurance so do I need medical payments coverage?
  • Should I waive the damage coverage when renting a car?
  • Should I buy more coverage than the required minimum liability coverage?
  • Do I need special endorsements for business use of my vehicle?
  • Do I have coverage if my license is suspended?
  • Am I covered by my spouse’s policy after a separation?
  • What are the financial responsibility laws in my state?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Specifics of your car insurance policy

Knowing the specifics of a car insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Shown next are the usual coverages offered by car insurance companies.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for bills like chiropractic care, surgery and pain medications. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible

Comprehensive or Other Than Collision

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, theft and fire damage. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision protection

Collision insurance covers damage to your Grand Marquis resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like sideswiping another vehicle, backing into a parked car and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your Mercury Grand Marquis.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Liability coverages

This can cover damage that occurs to other’s property or people. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as attorney fees, pain and suffering and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.