How Much Does 1994 Mercury Cougar Car Insurance Cost?

Nobody loves paying for car insurance, especially when they know their premiums are through the roof. Since you have so many insurance companies to choose from, it is hard for the average consumer to locate the most cost effective company.

Buying car insurance is easy if you know what you’re doing. If you have a current insurance coverage policy or are shopping for new coverage, you can use this information to find the best rates and still get good coverage. Drivers just need to understand the most effective way to compare prices online.

Seven things that impact your insurance premiums

Smart consumers have a good feel for some of the things that play a part in calculating the rates you pay for auto insurance. If you understand what impacts premium levels, this allows you to make good choices that may result in better auto insurance rates. Many things are part of the calculation when pricing auto insurance. Some of the criteria are obvious such as your driving record, but some are less obvious like where you live or your vehicle rating.

• Youthful drivers cost more – Young drivers are known to be inattentive in a vehicle so they pay higher auto insurance rates. More experienced drivers tend to be more responsible, tend to file fewer claims and tend to be get fewer driving tickets.
• Your employer and auto insurance rates – Occupational choices like doctors, executives and medical professionals generally pay the highest average rates in part from stressful work requirements and lots of time spent at work. Other careers such as actors, engineers and the unemployed have the lowest average rates for Cougar insurance.
• Gender impacts premiums – Over time, data shows that women are safer drivers than men. However, don’t assume that men are WORSE drivers than women. Women and men cause accidents at a similar rate, but the males have accidents that have higher claims. Men also get cited for more serious violations such as DWI and reckless driving.
• Bundle home and auto and save – Most major companies allow a discount for people that have more than one policy. It’s known as a multi-policy discount. If you currently are using one company, it’s still a good idea to compare other insurance prices to verify if the discount is saving money.
• Save annual miles and save money – The more miles you rack up on your Mercury annually the more you will pay for auto insurance. A lot of companies charge rates determined by how the vehicle is used. Autos that are left in the garage qualify for better rates than those used for commuting. It’s always a good idea to double check that your auto insurance coverage shows the correct driver usage, because it can save money. Having the wrong rating on your Cougar may be costing you higher rates.
• Your address can impact price – Living in less populated areas has it’s advantages when buying auto insurance. City drivers have traffic congestion and longer commute times. Fewer drivers and short commutes means reduced accidents and also fewer theft and vandalism claims.
• Higher comp and collision deductibles are cheaper – Deductibles for physical damage represent how much money you are required to pay if the claim is covered. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. A few examples of covered claims are rearending another vehicle, animal collisions, and damage caused by road hazards. The more of the claim the insured is willing to pay, the less money you will pay for auto insurance for Cougar insurance.

Car insurance quotes comparison

Getting low cost 1994 Mercury Cougar car insurance pricing is actually easier than you may think. You just need to take a few minutes comparing rate quotes to find out which insurance company has cheap insurance quotes. It is quite easy and can be accomplished using a couple different methods.

1. The best way to get quotes is an all-inclusive rate comparison click to view form in new window. This easy form eliminates the need for a different quote for every company. Taking the time to complete one form gets rate comparisons from multiple low-cost companies.
2. A more time consuming way to get quotes online requires a visit to each company website and repeat the quote process. For examples sake, let’s assume you want to get rates from State Farm, 21st Century and Progressive. To do that, you would have to spend time on each company’s site and type in your information over and over, which can get rather old.

   To view a list of companies in your area, click here.

3. The least efficient and most time consuming way of getting rate comparisons is to spend your day driving to local insurance agencies. The fact that you can get quotes online has made agencies unnecessary unless you have a need for the personal advice of a local agent. Drivers can price shop online and have a local agent actually service the policy.

Which method you use is up to you, but compare the exact same information for each price quote. If you compare different data it will be very difficult to determine which company has the best rates.

Buyer beware of insurance advertising tricks

Consumers can’t get away from all the ads that claim the lowest car insurance rates by companies like State Farm, Allstate and Geico. They all make an identical promise about how much you will save if you change your insurance coverage to their company.

How can each company have lower policy pricing? This is the trick they use.

Insurance providers have an ideal profile for the type of customer that will most likely be profitable. An example of a profitable insured might be described as a married male, has a clear driving record, and drives less than 10,000 miles a year. Anyone who matches those parameters will get low premium rates as well as save when they switch companies.

Potential insureds who do not match the “perfect” profile will be quoted a more expensive rate which translates to the customer buying from a different company. The ads say “people who switch” but not “all drivers who get quotes” can save as much as they claim. That’s the way insurance companies can lure you into getting a quote. Because of the profiling, you really should get insurance quotes from several different companies. It’s just not possible to know the company that will give you the biggest savings.

Are you earning every discount?

Companies that sell car insurance don’t necessarily list every disount available very clearly, so the below list has both the well known and also the more inconspicuous discounts you could be receiving when you buy insurance online.

• Air Bag Discount – Vehicles equipped with air bags could see savings as much as 30%.
• No Claim Discounts – Drivers with accident-free driving histories pay much less in comparison with bad drivers.
• Federal Government Employee – Employees or retirees of the government could qualify for a slight premium decrease for Cougar insurance with a few car insurance companies.
• New Vehicle Savings – Insuring a vehicle that is new can save you some money compared to insuring an older model.
• No Charge for an Accident – but companies like State Farm, Progressive and Geico permit an accident before they charge you more for coverage if you have no claims for a specific time period.
• Discount for Multiple Policies – If you can combine your auto and homeowners policy with the same insurance company they may give you a discount of approximately 10% to 15%.
• Home Ownership Discount – Just owning your own home can get you a discount because it demonstrates responsibility.
• Full Payment Discount – By making one initial payment rather than paying monthly you can avoid monthly service charges.
• Save over 55 – If you qualify as a senior citizen, you are able to get better car insurance rates for Cougar insurance.

Remember that most discount credits are not given to your bottom line cost. Some only apply to the cost of specific coverages such as medical payments or collision. Despite the fact that it seems like all those discounts means the company will pay you, you aren’t that lucky.

A few companies that may include some of the above discounts may include but are not limited to:

• Geico
• MetLife
• Progressive
• Travelers
• SAFECO
• AAA

If you are trying to find affordable insurance quotes, ask all companies you are considering which discounts can lower your rates. Savings may not be offered in your area.

When in doubt talk to an agent

When buying adequate coverage, there is no cookie cutter policy. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that may help you determine whether you could use an agent’s help.

• Should I buy additional glass protection?
• Will my rates increase for filing one claim?
• How high should my uninsured/underinsured coverage be in my state?
• Can I rent a car in Mexico?
• Can my teen driver be rated on a liability-only vehicle?
• If I drive on a suspended license am I covered?
• Should I have combined single limit or split liability limits?
• Do I have newly-aquired coverage?
• Do I need added coverage for expensive stereo equipment?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.

Car insurance coverages 101

Understanding the coverages of a car insurance policy can help you determine the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are the normal coverages offered by car insurance companies.

Coverage for collisions

This will pay to fix damage to your Cougar from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like colliding with a tree, backing into a parked car and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and also any damage incurred to your Mercury Cougar.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Liability coverage

Liability insurance will cover injuries or damage you cause to other’s property or people in an accident. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims like court costs, bail bonds, funeral expenses and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

Medical payments and PIP coverage

Med pay and PIP coverage pay for bills such as surgery, nursing services, X-ray expenses and prosthetic devices. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things such as vandalism, hitting a deer and a broken windshield. The maximum payout your car insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Saving money makes a lot of cents

Some insurance companies do not provide rates over the internet and many times these smaller providers sell through independent insurance agencies. Cheaper auto insurance can be bought both online and from local agencies, and you should compare price quotes from both to have the best rate selection.

You just read some good ideas how to shop for 1994 Mercury Cougar insurance online. The most important thing to understand is the more times you quote, the higher your chance of finding affordable insurance. You may be surprised to find that the lowest prices come from a small mutual company. Some small companies may cover specific market segments cheaper than their larger competitors like Allstate or State Farm.

For more information, link through to the resources below:

• Senior Drivers (Insurance Information Insitute)
• Neck Injury FAQ (iihs.org)
• Side Impact Crash Tests (iihs.org)
• Distracted Driving Extends Beyond Texting (State Farm)
• Bodily Injury Coverage (Liberty Mutual)
• Understanding your Policy (NAIC.org)