2006 Mercury Grand Marquis Car Insurance Rates – 5 Ways to Save

Have you finally had enough of paying out the nose to pay high auto insurance rates every month? Your situation is no different than millions of other consumers. Due to the abundance of insurance providers from which to choose, it’s difficult to locate the most affordable auto insurance company.

It’s a great practice to do rate comparisons before your policy renews since rates are rarely the same from one policy term to another. Even if you got the lowest premium rates for Grand Marquis coverage two years ago the chances are good that you can find a lower price today. There is a lot of bad advice regarding auto insurance online but we’re going to give you some of the best techniques to save money.

Low cost auto insurance prices

There are a variety of methods to compare auto insurance prices but some are easier and takes less work. You can waste a lot of time driving to local insurance agents in your area, or you can utilize the internet to get the quickest rates.

The majority of car insurance companies enroll in a system where prospective buyers complete one form, and each company then gives them pricing based on that information. This saves time by eliminating quotation requests for each company.

To find out how much you can save on auto insurance click here (opens in new window).

The one downside to comparing rates this way is that you can’t choose which providers you want pricing from. So if you want to select individual companies to compare rates, we put together a list of auto insurance companies in your area. Click here for list of insurance companies.

You can use whichever method you prefer to find lower rates, just ensure you are comparing exactly the same coverage limits and deductibles on every price quote you get. If each company quotes different values for each quote then you won’t be able to make an equal comparison.

Don’t be fooled by advertising claims

Drivers can’t avoid all the ads for cheaper auto insurance by companies like Geico, State Farm and Progressive. All the companies convey the message that you can save after switching to their company.

How does each company give you a lower rate? You have to listen carefully.

All companies offer their best rates for the type of customer that makes them money. An example of this type of insured might be described as a married female, insures multiple vehicles, and drives less than 10,000 miles a year. A driver who fits those characteristics may get the lowest rates and will also save when they switch companies.

Consumers who are not a match for the requirements may be required to pay a higher rate which usually ends up with business not being written. If you pay attention, the ads say “people that switch” not “everyone that quotes” save the amount stated. This is how companies can truthfully make the claims of big savings.

Different companies use different criteria so you really should get as many free auto insurance quotes as possible. Because you cannot predict which auto insurance company will have the lowest premium rates for your situation.

Find discounts to get cheap auto insurance rates

Companies don’t always list all available discounts very clearly, so the following is a list of both the well known as well as some of the hidden discounts that may be available.

  • Accident Waiver – This one is not really a discount per se, but companies like Allstate and Progressive may permit one accident before your rates go up with the catch being you have to be claim-free prior to the accident.
  • Discount for Life Insurance – Select insurance carriers reward you with a discount if you purchase some life insurance in addition to your auto policy.
  • Multi-car Discount – Buying a policy with all your vehicles on one policy can get a discount for every vehicle.
  • Professional Organizations – Participating in qualifying clubs or civic groups may earn a discount when getting a auto insurance quote.
  • Passive Restraints and Air Bags – Options like air bags and/or automatic seat belt systems may get savings of more than 20%.

As a footnote on discounts, most of the big mark downs will not be given to the entire cost. The majority will only reduce the price of certain insurance coverages like medical payments or collision. Despite the appearance that it’s possible to get free car insurance, companies don’t profit that way. Any amount of discount should definitely cut your policy premiums.

Some of the insurance companies that may include most of the discounts above include:

Double check with each insurance company which credits you are entitled to. Some of the discounts discussed earlier might not apply in every state. To locate companies that offer the discounts shown above, click this link.

Tailor your car insurance coverage to you

When it comes to choosing proper insurance coverage, there really is not a single plan that fits everyone. Everyone’s situation is a little different so this has to be addressed. For instance, these questions could help you determine if your insurance needs would benefit from professional advice.

  • How high should my medical payments coverage be?
  • Do I need PIP coverage since I have good health insurance?
  • How much underlying liability do I need for an umbrella policy?
  • Is my camper covered by my car insurance policy?
  • How does medical payments coverage work?
  • How do I insure my teen driver?
  • Should I bundle my homeowners policy with my auto?
  • Am I covered when driving someone else’s vehicle?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.

The coverage is in the details

Having a good grasp of your insurance policy can be of help when determining the best coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverage types offered by insurance companies.

Collision coverage – This pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things like damaging your car on a curb, sustaining damage from a pot hole, crashing into a ditch and crashing into a building. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like EMT expenses, dental work and chiropractic care. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants in addition to 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

Comprehensive or Other Than Collision – This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from a tornado or hurricane, a tree branch falling on your vehicle, theft and hitting a bird. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

UM/UIM Coverage – This provides protection when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and damage to your Mercury Grand Marquis.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Normally these limits are identical to your policy’s liability coverage.

Liability – This can cover damage that occurs to other people or property in an accident. It protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers things like loss of income, emergency aid, pain and suffering and medical services. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.

Don’t throw your cash in the trash

Cheaper 2006 Mercury Grand Marquis insurance can be found from both online companies as well as from independent agents, so you should compare both in order to have the best chance of saving money. Some insurance companies may not have price quotes online and many times these regional carriers provide coverage only through local independent agencies.

In this article, we presented many tips how you can compare 2006 Mercury Grand Marquis insurance premium rates online. The key thing to remember is the more times you quote, the higher the chance of saving money. Consumers could even find that the lowest priced insurance coverage comes from a small mutual company. Smaller companies can often insure niche markets at a lower cost than their larger competitors like State Farm and Allstate.

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