Lower Your 2002 Mercury Grand Marquis Car Insurance Rates

I can’t think of anyone who loves paying for insurance, especially knowing they could lower their rates if they shopped around.

There is such a variety of car insurance companies to insure vehicles with, and although it’s nice to have a selection, it can be more challenging to adequately compare rates.

These discounts can lower your insurance coverage rates

Insuring your fleet can be pricey, but you might find some hidden discounts that many consumers don’t even know exist. Some of these disounts will be visible when you quote, but some discounts are required to be asked for before you will receive the discount.

• Drive Less and Save – Low annual miles can qualify you for better rates on cars that stay parked.
• Pay Now and Pay Less – By paying your entire bill at once as opposed to paying monthly you can actually save on your bill.
• Theft Deterent – Anti-theft and alarm system equipped vehicles help deter theft and can earn a small discount on your policy.
• Discount for Good Grades – This discount can be rewarded with saving of up to 25%. You can use this discount normally up until you turn 25.
• Discounts for Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt can save 10% or more on the medical payments or PIP coverage costs.

We need to note that many deductions do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears you could get a free insurance coverage policy, companies don’t profit that way. Any amount of discount should help lower the amount you pay for coverage.

Larger insurance coverage companies and a selection of discounts include:

• Geico offers premium reductions for air bags, daytime running lights, anti-theft, good student, and anti-lock brakes.
• USAA has discounts for good student, multi-vehicle, defensive driver, driver training, family discount, and new vehicle.
• Progressive discounts include online quote discount, online signing, multi-policy, multi-vehicle, continuous coverage, and homeowner.
• American Family offers discounts including multi-vehicle, good student, air bags, TimeAway discount, Steer into Savings, bundled insurance, and good driver.
• Esurance may offer discounts for online shopper, multi-policy, anti-theft, multi-car, claim free, and online quote.
• Farmers Insurance includes discounts for distant student, bundle discounts, early shopping, electronic funds transfer, and mature driver.
• State Farm policyholders can earn discounts including anti-theft, multiple autos, multiple policy, good student, student away at school, and defensive driving training.

Before purchasing a policy, check with each company to give you their best rates. Some discounts listed above might not be offered in your area. To see a list of insurance companies that have a full spectrum of discounts, click here.

How to shop auto insurance online

To find more affordable rates, there are a couple of ways of comparing rate quotes from companies that offer auto insurance in your state. The easiest way by far to lower the rate you pay for 2002 Mercury Grand Marquis insurance is to get quotes online. It is quite easy and can be accomplished in a couple of different ways.

1. The fastest and easiest way to find low rates is a comparison rater form (click to open form in new window). This type of form prevents you from having to do repetitive form submissions for each price estimate. Completing one form will return quotes instantly.
2. Another way to obtain and compare quotes online is going to the website for every company you want to comare and request a quote. For example, let’s assume you want to see prices from Allstate, Esurance and Liberty Mutual. To find out each rate you need to spend time going to each site individually and type in your information over and over, which can be really labor intensive. For a list of companies in your area, click here.
3. The most time-consuming method to find and compare rates is driving to local insurance agencies. The ability to get quotes online makes this unnecessary unless you want the trained guidance that only a licensed agent can provide. It is possible with some companies compare the best prices online but buy from a local insurance agent.

You can choose any of those ways to find more affodable coverage, but be sure you’re using equivalent coverage limits for every quote you compare. If you have different liability limits it’s impossible to make an equal comparison. Slightly different insurance coverages or limits may cause a big price difference. And when comparison shopping, getting more free quotes will enable you to find a better price. Some insurance companies are not set up to provide online quotes, so you need to compare rates from them, too.

Why you might pay lower rates

When buying insurance coverage it’s important to understand some of the elements that come into play when calculating the level of your policy premiums. If you have some idea of what impacts premium levels, this empowers consumers to make smart changes that can earn you cheaper rates. Many things are part of the equation when quoting car insurance. Some of the criteria are obvious such as traffic violations, but other factors are less obvious like your vehicle usage or how financially stable you are.

The factors shown below are some of the major factors companies use to determine your premiums.

• Extra coverages can cost a lot – There are a lot of additional coverages that you can get tricked into buying on your Grand Marquis policy. Things like vanishing deductibles, accident forgiveness, and additional equipment coverage are examples of these. These coverages may sound good initially, but now you might not need them so think about removing them and cutting costs.
• Save money with excellent credit – Your credit score factor in your rate calculation. Drivers with very good credit scores tend to file fewer claims as compared to drivers with bad credit. So if your credit score leaves room for improvement, you may save money insuring your 2002 Mercury Grand Marquis by taking the time to improve your credit score.
• Better prices on vehicles with better crash test results – Vehicles with high crash test scores tend to have lower insurance rates. These vehicles help reduce the chance of injuries in an accident and better occupant protection translates into fewer and smaller insurance claims and lower rates for you.
• Liability coverage limits are a factor – Your policy’s liability coverage will provide protection when you are ruled to be at fault for an accident. It provides legal defense which can cost a lot. This coverage is very inexpensive compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
• Combine home and auto and save – Some companies allow better rates to clients that have more than one policy such as combining an auto and homeowners policy. Discounts can amount to five, ten or even twenty percent. Even if you’re getting this discount you may still want to compare other company rates to help guarantee you have the best rates. Drivers may still save even more than the discount by buying insurance from more than one company.
• Teen vs. mature drivers – Older drivers tend to be more responsible, cost insurance companies less in claims .Young drivers are statistically proven to be easily distracted when behind the wheel and because of this, their insurance coverage rates are much higher.

Different people need different car insurance coverages

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s so your insurance needs to address that. These are some specific questions can aid in determining whether or not you may require specific advice.

• Am I covered if I crash into my own garage door?
• Do I have coverage for damage caused while driving under the influence?
• Do I need to file an SR-22 for a DUI in my state?
• Is other people’s property covered if stolen from my vehicle?
• Am I getting all the discounts available?
• When should I drop full coverage on my 2002 Mercury Grand Marquis?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• What is UM/UIM insurance?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Insurance savings promises

Well-known insurance companies like Allstate, Geico and Progressive endlessly run ads in print and on television. They all try to convey promises that you’ll save big after switching your policy. How is it possible that every company can charge lower premium rates? You have to listen carefully.

Different companies have specific characteristics for the right customer that earns them the highest profit. One example of a desirable insured might be described as between 25 and 40, carries full coverage, and has great credit. A propective insured who matches that profile gets the lowest prices and therefore will save quite a bit of money when switching.

Consumers who may not quite match the requirements will probably be forced to pay a more expensive rate and this can result in the customer buying from a different company. If you listen closely, the ads state “customers that switch” not “everyone who quotes” save that much. That’s why insurance companies can make those statements.

Because of these techniques, drivers must get insurance quotes from several different companies. It’s just not possible to know the company that will give you the biggest savings.

The coverage is in the details

Knowing the specifics of insurance helps when choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are the normal coverages offered by insurance companies.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Most of the time these coverages are set the same as your liablity limits.

Coverage for collisions

This coverage pays for damage to your Grand Marquis caused by collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like colliding with another moving vehicle, sideswiping another vehicle, backing into a parked car, scraping a guard rail and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.

Liability

This can cover damage that occurs to people or other property. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as emergency aid, repair bills for other people’s vehicles, funeral expenses, legal defense fees and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive coverages

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like theft, damage from flooding, hitting a bird and vandalism. The highest amount a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for bills such as funeral costs, dental work, ambulance fees, prosthetic devices and nursing services. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Summing up your auto insurance search

You just read some good ideas how you can compare 2002 Mercury Grand Marquis insurance car insurance rates online. The key concept to understand is the more times you quote, the higher your chance of finding inexpensive insurance. You may be surprised to find that the best price on auto insurance is with a company that doesn’t do a lot of advertising. These smaller insurers may have significantly lower premium rates on certain market segments as compared to the big name companies such as Allstate or State Farm.

Low-cost 2002 Mercury Grand Marquis insurance is available on the web in addition to many insurance agents, and you should compare rates from both to have the best selection. There are still a few companies who may not have online rate quotes and many times these regional carriers sell through independent agents.

More resources

• Side Impact Crash Tests (iihs.org)
• Distracted Driving Extends Beyond Texting (State Farm)
• Safety Tips for Teen Drivers (Insurance Information Insitute)
• Insuring a Leased Car (Insurance Information Insitute)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)