View 1998 Mercury Grand Marquis Car Insurance Cost

Saving money on insurance is frustrating for drivers who have little experience comparing prices online. With such a big selection of agents and companies in the marketplace, it can easily turn into a lot of work to find the best rates.

How insurers calculate Mercury Grand Marquis insurance rates

When buying car insurance it’s important to understand the rating factors that help determine your car insurance rates. If you have a feel for what positively or negatively impacts your premiums, this allows you to make good choices that could result in much lower annual insurance costs.

  • How many miles do you drive? – The more you drive in a year the higher your rates will be. Many insurance companies charge rates based on their usage. Cars and trucks used primarily for pleasure use receive lower rates than those that get driven frequently. An incorrectly rated Grand Marquis may be costing you. It’s a good idea to make sure your car insurance declarations sheet correctly shows the correct usage for each vehicle.
  • High deductibles save money – Your deductibles define the amount you are willing to pay in the event of a claim. Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Examples of some claims that would be covered could be rearending another vehicle, damage caused by hail, or theft of your vehicle. The more the insured is willing to pay, the less your car insurance will be for Grand Marquis insurance.
  • Rural areas have lower prices – Having an address in less populated areas of the country is a positive aspect if you are looking for the lowest rates. Lower population means less chance of accidents. People who live in big cities regularly have more traffic problems and more severe claims. Higher commute times can result in more accidents.
  • Do you need those extra coverages? – Insurance companies have many add-on coverages that you can buy if you aren’t diligent. Things like vanishing deductibles, death and dismemberment, and additional equipment coverage may be wasting your money. They may seem like a good idea when discussing your needs, but your money might be better spent on other coverage so get rid of them and save.
  • Bad credit will cost you – Having a bad credit history can be an important factor in determining premium rates. Insureds with very good credit scores tend to be better risks to insure than drivers with worse credit. If your credit rating leaves room for improvement, you could potentially save money when insuring your 1998 Mercury Grand Marquis if you improve your credit rating.
  • Prices for males may be higher – The statistics show that men are more aggressive behind the wheel. The data does not necessarily mean that men are worse drivers. Females and males cause at-fault accidents in similar numbers, but the males have costlier accidents. They also get cited for more serious violations like driving under the influence (DUI). Young men ages 16 to 20 tend to get in the most accidents and thus pay the highest rates.

The best way to compare rates is to know the trick most insurance companies pay for the opportunity to provide you with free rate quotes. The one thing you need to do is provide details including the ages of drivers, how much school you completed, an estimate of your credit level, and whether or not you need a SR-22. The data is then submitted to multiple different insurance companies and you should receive rate quotes with very little delay.

Can switching companies really save?

Geico, State Farm and Progressive seem to constantly run ads on TV and radio. All the ads seem to make the promise that you can save if you get a free insurance quote and switch your policy. It sounds good, but how can they all cost less than your current company? Just pay attention to how they say it.

All companies give the cheapest rates for the type of driver that will add to their bottom line. For example, a preferred risk might have to be a mature driver, has no tickets, and has a short commute. Anyone who matches those parameters will qualify for the lowest prices and as a result will probably save when they switch companies.

Consumers who may not quite match the ideal profile will get more expensive rates which translates to the customer not purchasing. The trick is to say “drivers who switch” not “everybody who quotes” can get the lowest rates when switching. This is how companies can make it sound like they have such great car insurance rates.

This really emphasizes why you really should get price quotes at each policy renewal. It’s just too difficult to predict the company that will be your best fit.

Discounts for affordable insurance rates

Some companies do not list all available discounts in a way that’s easy to find, so the list below details a few of the more well known in addition to some of the lesser obvious credits that may apply to you.

  • Senior Citizen Discount – If you’re over the age of 55, you may receive lower premium rates for Grand Marquis insurance.
  • College Student Discount – Children who live away from home at college and don’t have a car may qualify for this discount.
  • Full Payment Discount – By making one initial payment rather than paying in monthly installments you can avoid the installment charge.
  • Student Discounts – Excelling in school can be rewarded with saving of up to 25%. Most companies allow this discount up until you turn 25.
  • Membership in Organizations – Joining a qualifying organization could qualify you for a break on your policy.
  • Seat Belt Discounts – Drivers who require all vehicle occupants to buckle up before driving can save up to 15% off PIP or medical payments premium.

It’s important to note that most credits do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, that’s just not realistic. But all discounts will definitely lower the cost of coverage.

To see a list of companies offering insurance discounts, click here.

Tailor your car insurance coverage to you

When choosing adequate coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can aid in determining if your insurance needs would benefit from an agent’s advice.

  • What is roadside assistance coverage?
  • Is my Mercury Grand Marquis covered if I use it for business?
  • Why am I required to buy high-risk coverage?
  • Am I covered if I wreck a rental car?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Which is better, split liability limits or combined limits?
  • Will I be non-renewed for getting a DUI or other conviction?

If you don’t know the answers to these questions, you may need to chat with an agent. If you don’t have a local agent, complete this form.

Coverages available on your policy

Knowing the specifics of your policy can be of help when determining which coverages you need and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring.

Collision coverage

This coverage covers damage to your Grand Marquis resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like driving through your garage door, colliding with a tree, backing into a parked car, sideswiping another vehicle and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to save money on collision insurance.

Medical expense coverage

Med pay and PIP coverage pay for expenses like dental work, surgery and funeral costs. They are used to fill the gap from your health insurance program or if you do not have health coverage. They cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Mercury Grand Marquis.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Most of the time these coverages are identical to your policy’s liability coverage.

Liability

Liability insurance provides protection from damage or injury you incur to other people or property in an accident. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as medical expenses, pain and suffering and structural damage. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

Comprehensive protection

This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a broken windshield, vandalism and damage from flooding. The most you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

You can do this!

In this article, we presented some good ideas how you can get a better price on 1998 Mercury Grand Marquis insurance. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding the cheapest insurance. Consumers could even find that the lowest prices come from an unexpected company.

When buying insurance coverage, make sure you don’t reduce coverage to reduce premium. Too many times, drivers have reduced uninsured motorist or liability limits and learned later that the savings was not a smart move. Your aim should be to buy a smart amount of coverage at the lowest possible cost.

A few companies may not have price quotes online and many times these small, regional companies prefer to sell through local independent agencies. Budget-conscious 1998 Mercury Grand Marquis insurance is definitely available both online and also from your neighborhood agents, so you should compare both to have the best selection.

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