1995 Mercury Cougar Insurance Cost – 6 Tips for Cheaper Prices

Looking for cheaper insurance rates for your Mercury Cougar? Beginners to comparing insurance rates online could find finding cut-rate insurance is more work than they anticipated.

How much can you save with these six discounts?

Companies don’t always publicize every available discount very well, so we took the time to find both the well known as well as the least known discounts you could be receiving.

  • Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% on Cougar insurance with select insurance companies.
  • Paperwork-free – A handful of insurance companies will discount your bill up to fifty bucks simply for signing online.
  • Passive Restraints and Air Bags – Vehicles with factory air bags can qualify for discounts up to 30%.
  • Club Memberships – Affiliation with certain professional organizations is a good way to get lower rates on car insurance on Cougar insurance.
  • Drive Less and Save – Keeping the miles down on your Mercury can qualify you for a substantially lower rate.
  • Homeowners Discount – Owning a home can save you money because owning a home demonstrates responsibility.

Drivers should understand that many deductions do not apply to the overall cost of the policy. Most only apply to individual premiums such as comprehensive or collision. So even though they make it sound like you can get free auto insurance, companies wouldn’t make money that way.

Car insurance companies that may offer these discounts include:

Double check with each company what discounts are available to you. Some discounts may not be available in your state.

How much car insurance do I need?

When choosing proper insurance coverage, there really is no perfect coverage plan. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining whether you could use an agent’s help.

  • How do I buy GAP insurance?
  • Do I pay less for low miles?
  • Should I rate my 1995 Mercury Cougar as pleasure use or commute?
  • Where can I find DUI or SR-22 insurance?
  • Can my teen driver be rated on a liability-only vehicle?
  • Do I need an umbrella policy?
  • Am I covered if I drive in a foreign country?
  • Do I need PIP coverage since I have good health insurance?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Auto insurance 101

Knowing the specifics of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like vandalism, damage from a tornado or hurricane and falling objects. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Medical expense coverage

Med pay and PIP coverage provide coverage for expenses like hospital visits, prosthetic devices and doctor visits. The coverages can be used in conjunction with a health insurance plan or if you lack health insurance entirely. 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. PIP is not an option in every state but can be used in place of medical payments coverage

Liability auto insurance

This provides protection from damage or injury you incur to other people or property. It protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against claims like legal defense fees, repair costs for stationary objects and medical expenses. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford.

Collision coverage

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as sideswiping another vehicle, colliding with another moving vehicle, hitting a parking meter, crashing into a ditch and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Be a smart shopper

Cheaper 1995 Mercury Cougar insurance can be found on the web as well as from independent agents, so you should compare both to have the best chance of lowering rates. Some companies don’t offer online quoting and most of the time these smaller companies sell through independent agents.

We covered many tips how you can get a better price on insurance. The key concept to understand is the more rate quotes you have, the higher the chance of saving money. Drivers may discover the most savings is with an unexpected company.

When trying to cut insurance costs, do not buy poor coverage just to save money. There have been many situations where someone dropped uninsured motorist or liability limits to discover at claim time that it was a big error on their part. Your goal should be to find the BEST coverage at a price you can afford, not the least amount of coverage.

Even more information can be read by following these links: