Searching for low-cost car insurance online may be challenging for people who are new to shopping for insurance online. With such a large number of choices, how can you even start to compare them all to find the best available price?
You should make it a habit to price shop coverage periodically because prices tend to go up over time. Just because you found the lowest price on Grand Marquis coverage a few years ago you may be paying too much now. Starting right now, forget anything you know (or think you know) about car insurance because you’re going to learn the things you must know in order to find lower rates on car insurance.
Car insurance companies don’t always publicize every discount very well, so we researched both the well known and the more hidden savings tricks you should be using.
Keep in mind that many deductions do not apply to the entire cost. Most only reduce the cost of specific coverages such as medical payments or collision. Even though it may seem like all the discounts add up to a free policy, companies wouldn’t make money that way.
A partial list of companies who might offer these benefits are:
Check with every prospective company which discounts they offer. Some discounts might not apply in your state.
There are a lot of ways to compare auto insurance prices and some are more efficient than others. You can spend countless hours driving to local insurance agents in your area, or you can utilize the web for quick rates.
Many of the larger companies are enrolled in a marketplace that enables customers to send in one quote, and at least one company can give them a price for coverage. This saves time by eliminating quote requests for every auto insurance company.
To fill out one form to compare multiple rates now click here to open in new window.
The only drawback to comparing rates this way is that consumers can’t choose which companies to receive prices from. If you would rather choose individual companies to compare rates, we put together a list of auto insurance companies in your area. Click to view list.
Whichever way you use, double check that you are using exactly the same coverage limits and deductibles on every quote. If you enter unequal deductibles or liability limits then you won’t be able to make a fair comparison for your Mercury Grand Marquis. Just a small difference in insurance coverages may cause a big price difference. And when comparison shopping, comparing a large number of companies helps locate the best offered rates.
When choosing proper insurance coverage, there really is not a “best” method to buy coverage. Everyone’s situation is unique.
For instance, these questions can aid in determining if your situation may require specific advice.
If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form.
Learning about specific coverages of your policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your 2002 Mercury Grand Marquis.
Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.
This will pay to fix damage to your Grand Marquis resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims like damaging your car on a curb, hitting a mailbox, scraping a guard rail, hitting a parking meter and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.
Medical payments and PIP coverage
Med pay and PIP coverage provide coverage for short-term medical expenses for things like prosthetic devices, nursing services, surgery, X-ray expenses and pain medications. The coverages can be utilized in addition to your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage
Liability car insurance
This will cover damage or injury you incur to other people or property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.
Liability coverage pays for claims like pain and suffering, repair costs for stationary objects, funeral expenses and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but buy as high a limit as you can afford.
Comprehensive auto coverage
Comprehensive insurance covers 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 claims like damage from getting keyed, hitting a deer, hitting a bird, falling objects and hail damage. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
We just showed you a lot of information how to lower your 2002 Mercury Grand Marquis insurance rates. The most important thing to understand is the more you quote, the better likelihood of reducing your rate. You may even discover the lowest priced auto insurance comes from a small local company.
While you’re price shopping online, make sure you don’t buy poor coverage just to save money. In too many instances, someone dropped liability limits or collision coverage and learned later that it was a big mistake. Your strategy should be to buy the best coverage you can find at a price you can afford while still protecting your assets.
Insureds change insurance companies for a number of reasons such as high prices, unfair underwriting practices, denial of a claim or even not issuing a premium refund. It doesn’t matter what your reason, choosing a new company can be easy and end up saving you some money.
More detailed auto insurance information can be found at these sites: