Cheap 1994 Mercury Grand Marquis Insurance Cost

Trying to find the cheapest auto insurance rates for your Mercury Grand Marquis? Sick and tired of not being able to afford to buy car insurance? You’re in the same situation as the majority of other car owners.

Multiple insurers compete to insure your vehicles, and because of this it can be hard to compare insurance companies and get the best coverage at the lowest rate

Discounts are great for lower rates

Companies do not list every available discount in a way that’s easy to find, so we took the time to find some of the more common as well as the least known insurance coverage savings.

  • Accident Waiver – Some insurance companies will allow you to have one accident without raising rates if you are claim-free for a particular time prior to the accident.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and qualify for as much as a 10% discount.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts could cut 10% or more off your PIP or medical payments premium.
  • Good Student – A discount for being a good student can get you a discount of up to 25%. This discount can apply until age 25.
  • Drive Safe and Save – Drivers who avoid accidents may receive a discount up to 45% less on Grand Marquis coverage than less cautious drivers.
  • New Vehicle Savings – Buying coverage on a new vehicle is cheaper compared to insuring an older model.

It’s important to note that many deductions do not apply to the entire policy premium. Most only cut individual premiums such as collision or personal injury protection. So when it seems like you can get free auto insurance, you won’t be that lucky.

Insurance companies that possibly offer these discounts may include but are not limited to:

Before buying, ask each insurance company how you can save money. Discounts may not apply in every state.

You may need specialized coverage

When choosing the best auto insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Every situation is different and your policy should reflect that. These are some specific questions may help highlight whether or not you might need professional guidance.

  • Is my custom paint covered by insurance?
  • What companies insure drivers after a DUI or DWI?
  • What is the minimum liability in my state?
  • What is the difference between comprehensive and collision coverage?
  • Is my cargo covered for damage or theft?
  • Can my teen drive my company car?
  • Can I rent a car in Mexico?
  • Am I covered when driving a rental car?
  • What is PIP insurance?
  • When should I drop full coverage on my 1994 Mercury Grand Marquis?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier

Do drivers who switch really save?

Insurance coverage companies such as Progressive, Geico, Allstate and State Farm consistently run ads on TV and radio. They all seem to make the same claim about savings if you change to their company. But how can every company claim to save you money?

Different companies are able to cherry pick for the type of driver they prefer to insure. A good example of a driver they prefer could possibly be between the ages of 30 and 50, a clean driving record, and drives newer vehicles. A customer who fits that profile will get very good rates and is almost guaranteed to cut their rates substantially.

Consumers who do not match the requirements will have to pay higher prices and this can result in business not being written. Company advertisements say “drivers who switch” but not “drivers who get quotes” save that kind of money. That is how companies can truthfully advertise the way they do. Because of the profiling, you absolutely need to compare many company’s rates. It’s impossible to know the company that will provide you with the cheapest Mercury Grand Marquis insurance rates.

Auto insurance coverages and their meanings

Having a good grasp of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverage types available from auto insurance companies.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for expenses such as doctor visits, funeral costs, surgery, pain medications and chiropractic care. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercury Grand Marquis.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Auto collision coverage

This covers damage to your Grand Marquis resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as scraping a guard rail, crashing into a building, sideswiping another vehicle, backing into a parked car and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive insurance

This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as fire damage, hitting a deer, damage from flooding, vandalism and damage from a tornado or hurricane. The most a auto insurance company will pay at claim time 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 can cover injuries or damage you cause to other’s property or people in an accident. It protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims such as pain and suffering, repair bills for other people’s vehicles, structural damage and bail bonds. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Final thoughts

We’ve covered a lot of tips how to shop for 1994 Mercury Grand Marquis insurance online. The key thing to remember is the more rate quotes you have, the better likelihood of reducing your rate. Drivers may discover the lowest premiums are with an unexpected company. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as Allstate and Progressive.

When buying insurance coverage, make sure you don’t skimp on coverage in order to save money. In many instances, consumers will sacrifice full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to buy a smart amount of coverage at the best price, not the least amount of coverage.

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