If you are a novice to online car insurance shopping, it’s easy to be confused by the sheer number of online companies offering insurance.
It’s important to compare rates before your policy renews because rates change quite often. Even if you think you had the lowest price for Grand Marquis insurance on your last policy the chances are good that you can find a lower rate today. Block out anything you think you know about car insurance because we’re going to demonstrate the proper way to eliminate unnecessary coverages and save money.
Finding affordable coverage is not rocket science. If you are paying for car insurance now, you should be able to reduce your rates substantially using this strategy. Although vehicle owners do need to understand the methods companies use to determine prices and apply this information to your search.
The are a couple different ways to get quotes from different insurance companies. The recommended way to find the lowest 2003 Mercury Grand Marquis rates is to perform an online rate comparison. This can be accomplished in several different ways.
For a list of links to companies insuring cars in your area, click here.
Which method you use is up to you, but make darn sure you compare identical quote information on every quote. If you are comparing higher or lower deductibles it’s not possible to determine the lowest rate for your Mercury Grand Marquis. Just a small difference in insurance coverages may cause a big price difference. And when comparing auto insurance rates, know that quoting more gives you a better chance of getting better pricing.
When it comes to buying the right insurance coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s needs are different.
For example, these questions could help you determine whether you could use an agent’s help.
If you’re not sure about those questions but you know they apply to you, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form.
Understanding the coverages of insurance aids in choosing the best coverages for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy.
Collision coverage – This pays for damage to your Grand Marquis resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims like colliding with a tree, colliding with another moving vehicle and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also raise the deductible to save money on collision insurance.
Comprehensive auto coverage – This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things such as hail damage, vandalism and damage from flooding. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Liability insurance – This coverage can cover damage that occurs to other people or property in an accident. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.
Liability coverage pays for things like structural damage, funeral expenses, medical expenses and court costs. How much liability should you purchase? That is a decision to put some thought into, but consider buying as much as you can afford.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your 2003 Mercury Grand Marquis.
Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like doctor visits, ambulance fees, EMT expenses and prosthetic devices. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage