View 1995 Mercury Cougar Insurance Cost

Cutting costs on insurance can seem to be challenging for drivers new to online price comparisons. Consumers have so many companies to choose from that it can quickly become a real hassle to lower your prices.

Take policy discounts and save

Insurance can be pricey, but you might find some hidden discounts to help offset the cost. Some trigger automatically at the time you complete a quote, but occassionally some discounts must be requested specifically in order for you to get them.

  • Defensive Driver Discounts – Passing a class that teaches defensive driving techniques may get you a small discount and easily recoup the cost of the course.
  • Discount for Home Ownership – Owning a house may trigger a policy discount on insurance since home ownership demonstrates responsibility.
  • Anti-theft System – Cars, trucks, and SUVs with anti-theft systems are stolen less frequently and that can save you a little bit as well.
  • Early Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you can avoid the installment charge.
  • Clubs and Organizations – Belonging to qualifying clubs or civic groups is a simple method to lower premiums on your next renewal.
  • Auto/Life Discount – Select insurance companies reward you with a lower premium rate if you buy a life policy as well.
  • Low Miles Discount – Maintaining low annual mileage could be rewarded with cheaper rates.

Discounts save money, but please remember that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So when the math indicates it’s possible to get free car insurance, insurance companies aren’t that generous.

A list of companies and the discounts they provide include:

  • Progressive may offer discounts for continuous coverage, multi-policy, multi-vehicle, online quote discount, good student, and online signing.
  • The Hartford includes discounts for driver training, anti-theft, good student, bundle, and air bag.
  • Mercury Insurance may have discounts that include age of vehicle, multi-policy, good driver, low natural disaster claims, and type of vehicle.
  • Geico has savings for five-year accident-free, driver training, military active duty, multi-vehicle, and emergency military deployment.
  • AAA may include discounts for anti-theft, multi-car, pay-in-full, good driver, education and occupation, good student, and multi-policy.
  • State Farm has discounts for student away at school, multiple policy, accident-free, anti-theft, passive restraint, driver’s education, and multiple autos.

When quoting, ask every company to apply every possible discount. Depending on the company, some discounts may not apply to policyholders in your state.

How to buy car insurance

There are several ways to compare car insurance quotes, but some are less labor-intensive and much quicker. You could waste time talking about coverages with local insurance agents in your area, or you could save time and use the internet to get pricing more quickly.

All the larger companies participate in an industry program where insurance shoppers submit their information once, and every company provides a quote based on that data. This prevents consumers from doing quotation requests to every company. To find out how much you’re overpaying now click here to start a free quote.

The only downside to using this type of form is you can’t choose the insurers you will receive quotes from. So if you want to choose from a list of companies to compare prices, we put together a list of the cheapest car insurance companies in your area. Click here for list of insurance companies.

The method you choose is up to you, but make sure you compare the same coverage data for each comparison quote. If you enter differing limits it will be nearly impossible to determine which rate is truly the best. Just a small difference in limits could throw off the whole comparison. And when price shopping your coverage, making a lot of price comparisons provides better odds of finding lower pricing.

What determines Mercury Cougar insurance premiums?

Lots of things are part of the equation when quoting car insurance. Some factors are common sense like a motor vehicle report, but others are not quite as obvious like where you live or your commute time.Part of the insurance buying process is learning some of the things that go into determining insurance rates. When consumers understand what influences your rates, this enables informed choices that could result in better insurance rates.

  • Better drivers have lower premiums – Attentive drivers pay lower auto insurance prices as compared to careless drivers. Just one chargable violation could increase your next policy renewal twenty percent or more. Drivers who have gotten serious tickets such as reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to legally drive.
  • Bundle policies to earn discounts – Many insurers afford better rates to buyers that buy multiple policies, otherwise known as a multi-policy discount. The discount can be as much as ten percent or more Even if you already get this discount, drivers will still want to get quotes from other companies to help guarantee you have the best rates.
  • Policy add-ons may not be needed – There are many extra coverages that can add up if you aren’t careful. Add-on coverages like personal injury protection, accidental death, and membership fees may be wasting your money. The coverages may be enticing when discussing your needs, but if they’re wasting money remove them from your policy.
  • Good credit saves on insurance – A driver’s credit score will be a significant factor in calculating your premium rate. If your credit score is lower than you’d like, you could potentially save money when insuring your 1995 Mercury Cougar if you improve your credit rating. Consumers who have good credit tend to be more responsible and file fewer claims than those with poor credit.
  • Being married can save you money – Walking down the aisle can actually save you money compared to being single. Having a spouse generally demonstrates drivers are more responsible and it’s proven that married couples file fewer claims.
  • Women tend to be lower risk – Statistics demonstrate females are less aggressive when driving. This data doesn’t prove that males are worse at driving than females. Males and females cause fender benders in similar percentages, but the men have accidents that have higher claims. Not only are claims higher, but men get higher numbers of serious violations such as DWI and reckless driving.
  • Commute or pleasure use – The more you drive in a year the more you’ll pay to insure your vehicle. Almost all companies calculate prices based upon how you use the vehicle. Cars left parked in the garage can be on a lower rate level than those that get driven frequently. It’s always a good idea to double check that your insurance policy shows the correct usage, because it can save money. An improperly rated Cougar can cost quite a bit.
  • Insurance policy lapses lead to higher prices – Driving any period of time without insurance can get you a ticket and your next policy will cost more because you let your insurance lapse. Not only will you pay more, failure to provide proof of insurance will get you fines or a revoked license.

Which policy gives me the best coverage?

When it comes to buying coverage, there is no single plan that fits everyone. Everyone’s situation is a little different.

Here are some questions about coverages that might point out if your insurance needs might need professional guidance.

  • Am I covered when driving in Canada or Mexico?
  • Do I have coverage for damage caused while driving under the influence?
  • Should I have a commercial auto policy?
  • Am I missing any policy discounts?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does my insurance cover a custom paint job?
  • Are there companies who specialize in insuring high-risk drivers?

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. If you don’t have a local agent, simply complete this short form.

The largest companies are not always cheapest

Auto insurance providers like Allstate, Geico and Progressive consistently run television, radio, and online ads. All the ads tend to make the same promise that drivers will save a bundle after switching your policy. How does each company give you a lower rate? You have to listen carefully.

Insurance providers give the best rates for the type of driver that earns them the highest profit. A good example of a profitable risk profile could be a female over age 40, has no tickets, and drives less than 5,000 miles a year. Any driver who meets those qualifications receive the lowest rate quotes and have a good chance to save a lot of money.

Drivers who do not match this stringent profile will probably be forced to pay a higher premium and this can result in the customer not buying. The ads say “people that switch” not “everyone who quotes” can save as much as they claim. This is how insurance companies can confidently make claims that they all have the best car insurance rates. Each company has different criteria, so you should do a price quote comparison at every renewal. It’s impossible to know the company that will fit your personal profile best.

Auto insurance coverages

Knowing the specifics of your insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive protection – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as vandalism, rock chips in glass and falling objects. The maximum amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision – Collision coverage will pay to fix damage to your Cougar from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like damaging your car on a curb, rolling your car, hitting a parking meter, hitting a mailbox and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Auto liability insurance – Liability insurance protects you from damages or injuries you inflict on other’s property or people in an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims like repair bills for other people’s vehicles, structural damage, legal defense fees, loss of income and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

Uninsured or underinsured coverage – Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your Mercury Cougar.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like rehabilitation expenses, funeral costs, EMT expenses and chiropractic care. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover you and your occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Best coverage at the best price

As you prepare to switch companies, it’s very important that you do not buy less coverage just to save a little money. In too many instances, an insured cut physical damage coverage and discovered at claim time that the savings was not a smart move. Your goal is to purchase a proper amount of coverage for the lowest price, but don’t skip important coverages to save money.

Consumers leave their current company for any number of reasons including unfair underwriting practices, denial of a claim, policy cancellation or being labeled a high risk driver. Whatever your reason, switching companies is less work than it seems.

In this article, we covered a lot of techniques to get a better price on 1995 Mercury Cougar insurance. The most important thing to understand is the more rate quotes you have, the higher your chance of finding the cheapest car insurance. Consumers may even find the most savings is with a lesser-known regional company.

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