Compare 1993 Mercury Grand Marquis Insurance Cost

Trying to find lower insurance coverage rates for your Mercury Grand Marquis? Feel like you’re a prisoner to overpriced insurance coverage? Trust us when we tell you you are not the only one feeling buyer’s remorse.

Big companies like GEICO, Progressive and Allstate all claim big savings with fancy advertisements and it can be hard to separate fact from fiction and find the best price available.

Parts of the Mercury Grand Marquis rate equation

Consumers need to have an understanding of the rating factors that play a part in calculating the price you pay for insurance coverage. Having a good understanding of what controls the rates you pay helps enable you to make changes that will entitle you to much lower annual insurance costs.

  • Big city or small town – Choosing to live in a rural area can be a good thing when insuring your vehicles. Drivers who live in large cities tend to have much more traffic and longer commute times. Fewer people translates into fewer accidents and a lower car theft rate.
  • More claims means more premium – If you tend to file frequent claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Companies provide cheaper rates to people who do not file claims often. Auto insurance is meant to be used in the event of the large, substantial claims.
  • Do men or women drive better? – Statistics show women are more cautious behind the wheel. However, this does not mean women are better drivers. They both are in accidents in similar percentages, but the males have costlier accidents. They also receive more costly citations like reckless driving and DUI. Teenage male drivers are the most expensive to insure and are penalized with high insurance coverage rates.
  • Younger drivers pay higher rates – Older insureds tend to be more responsible, tend to file fewer claims and get fewer tickets. Young drivers are statistically proven to be more careless when behind the wheel and because of this, their insurance coverage rates are much higher.
  • Pleasure use or commuting – The more miles you rack up on your Mercury in a year’s time the more you’ll pay to insure your vehicle. Most companies price each vehicle’s coverage based on their usage. Cars left parked in the garage get more affordable rates compared to those used for work or business. Make sure your insurance coverage policy is rated on how each vehicle is driven. Incorrect usage on your Grand Marquis can cost quite a bit.
  • Liability coverage protects you – Your policy’s liability coverage provides coverage in the event that you are found liable for damages from an accident. It provides for a legal defense starting from day one. Liability is cheap as compared to coverage for physical damage, so do not cut corners here.
  • How credit affects insurance coverage rates – Credit history is a big factor in your rate calculation. So if your credit rating is not that good, you could be paying less to insure your 1993 Mercury Grand Marquis by improving your rating. Drivers with good credit tend to file fewer claims and have better driving records than those with lower credit scores.

Low Cost Auto Insurance

When shopping for auto insurance there are multiple ways to compare rate quotes from local auto insurance companies. By far the easiest way to compare 1993 Mercury Grand Marquis insurance prices consists of obtaining rate quotes online. This can be done in a couple of different ways.

  1. One of the best ways to get quotes for comparison would be an industry-wide quote request form click to view form in new window. This easy form eliminates the need for separate quotes for each company. A single form will return price quotes from multiple companies.
  2. A different way to analyze rates is to take the time to go to each individual company website and request a quote. For sake of this example, let’s assume you want to compare rates from Nationwide, Progressive and Liberty Mutual. To find out each rate you need to spend time on each company’s site and enter your policy data, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.
  3. The most time-consuming way to get comparison rates is to waste gas driving to local insurance agencies. The internet can eliminate the need for a local agent unless you have a need for the personal advice that only a license agent can provide. However, consumers can compare online quotes and still use a local agent and we’ll touch on that later.

It’s up to you how you get prices quotes, just compare exactly the same coverage limits with each company. If you use different limits and deductibles on each one it’s impossible to make an equal comparison. Having just a slight variation in insurance coverages can result in a big premium difference. And when quoting auto insurance, remember that having more price comparisons provides better odds of finding the best price.

Pay less for Mercury Grand Marquis insurance

Car insurance is not cheap, but there could be available discounts to help offset the cost. Most are applied at quote time, but a few must be requested specifically before you get the savings.

  • Payment Method – If you pay your bill all at once instead of making monthly payments you could save up to 5%.
  • Military Rewards – Having a deployed family member can result in better rates.
  • Accident Waiver – Certain companies will forgive one accident without raising rates if your claims history is clear for a set time period.
  • Resident Student – Kids in college who are attending college and don’t have a car may qualify for this discount.
  • Passive Restraints – Cars that have air bags may earn rate discounts of 20% or more.
  • Multi-car Discount – Buying insurance for more than one vehicle on one policy may reduce the rate for each vehicle.
  • Good Student Discount – A discount for being a good student can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.

As a disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Most only apply to individual premiums such as liability and collision coverage. So when it seems like all those discounts means the company will pay you, it doesn’t quite work that way. But all discounts will cut the cost of coverage.

A partial list of companies that may offer these money-saving discounts include:

Before buying, ask each company what discounts are available to you. Some discounts might not apply everywhere.

Tailor your coverage to you

When it comes to buying proper insurance coverage, there really is not a single plan that fits everyone. Everyone’s situation is a little different so this has to be addressed. For instance, these questions might help in determining if your situation may require specific advice.

  • Does my liability insurance cover pulling a trailer or camper?
  • Can I afford low physical damage deductibles?
  • Is a blown tire covered by insurance?
  • Does my policy pay for OEM or aftermarket parts?
  • Should I rate my 1993 Mercury Grand Marquis as pleasure use or commute?
  • Are all vehicle passengers covered by medical payments coverage?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Car insurance coverages for a Mercury Grand Marquis

Understanding the coverages of insurance can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most insurance policies.

Coverage for liability

Liability coverage can cover damages or injuries you inflict on other people or property in an accident. This insurance protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as medical expenses, funeral expenses, repair costs for stationary objects and loss of income. How much coverage you buy is a personal decision, but buy as much as you can afford.

Comprehensive protection

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as fire damage, hitting a bird, damage from a tornado or hurricane and rock chips in glass. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for bills for things like pain medications, ambulance fees, chiropractic care and rehabilitation expenses. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage

This provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Mercury Grand Marquis.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these limits do not exceed the liability coverage limits.

Collision insurance

This coverage covers damage to your Grand Marquis resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as crashing into a building, damaging your car on a curb, rolling your car and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also bump up the deductible to save money on collision insurance.

Have money to burn

In this article, we covered a lot of information how to shop for 1993 Mercury Grand Marquis insurance online. The key thing to remember is the more times you quote, the better likelihood of reducing your rate. You may be surprised to find that the best price on insurance coverage is with some of the smallest insurance companies. They may cover specific market segments cheaper than their larger competitors like GEICO and State Farm.

When you buy insurance online, don’t be tempted to buy less coverage just to save a little money. In many cases, an insured cut uninsured motorist or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy enough coverage at an affordable rate while not skimping on critical coverages.

More tips and info about insurance coverage is available in these articles: