1991 Mercury Grand Marquis Car Insurance Cost – 9 Policy Discounts

Did budget coverage turn out to be high-priced car insurance? Don’t sweat it because many consumers feel financially strained by their car insurance policy. You have so many insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, having more insurance companies makes it harder to find the best rates for your vehicles.

How to buy auto insurance

Finding low cost auto insurance rates is not rocket science. Consumers just need to invest a little time to get quotes from some recommended companies. It is quite easy and can be accomplished in a couple of different ways.

  • Hands down the most simple method to find low rates would be an industry-wide quote request form click here to open form in new window. This type of form eliminates the need for multiple quote forms for every prospective company. One form submission gets coverage cost estimates from auto insurance companies with the best prices.
  • A slightly less efficient method to compare prices is spending the time to visit each individual company website and repeat the quote process again and again. For sake of this example, let’s assume you need rates from Auto-Owners, Liberty Mutual and GMAC. You would be required to spend time on each company’s site and enter your policy data, which is why the first method is quicker. For a list of companies in your area, click here.
  • The least efficient way to comparison shop rate quotes is driving around to all the different insurance agencies. Quoting online eliminates the need for an insurance agent unless you have a complicated situation and need the peace of mind that can only be provided by a licensed insurance agent. However, consumers can price shop your coverage online but buy the policy through an agent.

Whichever way you use, be certain you are entering the exact same coverages and limits with each company. If each company quotes different data you will not be able to make a fair comparison for your Mercury Grand Marquis.

Insurance coverage discounts are available to slash your rates

Car insurance is not cheap, but there’s a good chance there are discounts that may help make it more affordable. Some trigger automatically at the time of purchase, but some need to be specifically requested prior to getting the savings.

  • Life Insurance – Some insurance coverage companies give a discounted premium rate on car insurance if you buy a life insurance policy as well.
  • 55 and Retired – If you’re over the age of 55, you could receive a discount up to 10% on Grand Marquis coverage.
  • Pay Early and Save – If paying your policy premium upfront rather than paying in monthly installments you can actually save on your bill.
  • Switch and Save Discount – Some companies provide a discount for buying a new policy before your current policy expires. You can save around 10% with this discount.
  • Homeowners Pay Less – Just being a homeowner can earn you a little savings since home ownership is proof that your finances are in order.
  • Data Collection Discounts – Insureds that choose to allow their insurance company to analyze vehicle usage by using a telematic data system such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates as long as the data is positive.
  • Discounts for New Vehicles – Buying coverage on a new vehicle is cheaper since newer models have better safety ratings.
  • Membership in Organizations – Being a member of certain professional organizations is a good way to get lower rates on your policy.
  • Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts may get savings of 25 to 30%.

While discounts sound great, it’s important to understand that some of the credits will not apply to the entire cost. The majority will only reduce the cost of specific coverages such as comp or med pay. Just because you may think you would end up receiving a 100% discount, it just doesn’t work that way. Any amount of discount will lower the amount you pay for coverage.

To find providers who offer discounts, click this link.

Everyone needs different insurance coverages

When it comes to buying the best insurance coverage, there really is no best way to insure your cars. Everyone’s situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine if your situation will benefit from professional help.

  • Am I covered when driving a rental car?
  • Do I need motorclub coverage?
  • Do I need replacement cost coverage on my 1991 Mercury Grand Marquis?
  • Is my teen driver covered when they drive my company car?
  • Does coverage extend to my business vehicle?
  • What are the financial responsibility laws in my state?
  • Which companies will insure high-risk drivers?
  • Do I need higher collision deductibles?
  • How much liability do I need to cover my assets?
  • When should I buy a commercial auto policy?

If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Car insurance coverage specifics

Knowing the specifics of a car insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Shown next are the normal coverages found on the average car insurance policy.

Liability coverages – Liability coverage provides protection from injuries or damage you cause to other’s property or people in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Another option is a combined limit which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as court costs, pain and suffering, structural damage, funeral expenses and bail bonds. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive insurance – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as hail damage, damage from a tornado or hurricane and falling objects. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance pay for expenses such as doctor visits, surgery and chiropractic care. The coverages can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Collision – This pays for damage to your Grand Marquis resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as hitting a mailbox, colliding with a tree, backing into a parked car, rolling your car and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

Do the work, save more money

We’ve covered many ideas to compare 1991 Mercury Grand Marquis insurance premium rates online. The key thing to remember is the more quotes you get, the better your comparison will be. You may even discover the biggest savings come from some of the lesser-known companies. These smaller insurers may cover specific market segments cheaper compared to the large companies like Allstate, Geico and Progressive.

When shopping online for insurance coverage, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are too many instances where drivers have reduced comprehensive coverage or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. Your goal should be to get the best coverage possible at an affordable rate, but do not sacrifice coverage to save money.

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