View 1995 Mercury Tracer Insurance Cost

Looking for lower insurance rates for your Mercury Tracer? If you’re searching for lower-cost insurance online, are you baffled by the sheer number of insurance sources in your area? There are so many choices that it can easily turn into a difficult mission to find better premium rates.

Affordable auto insurance quotes with discounts

Some insurance providers don’t always advertise their entire list of discounts in an easy-to-find place, so the below list has a few of the more well known and the more hidden credits that you can use to lower your rates.

• Savings for New Vehicles – Putting coverage on a new car may earn a small discount because newer vehicles have to meet stringent safety requirements.
• Smart Student Discounts – Performing well in school can earn a discount of 20% or more. Most companies allow this discount well after school through age 25.
• Payment Discounts – If you pay your entire premium ahead of time rather than spreading payments over time you could save 5% or more.
• College Student – College-age children who are enrolled in higher education away from home and do not have access to a covered vehicle may qualify for this discount.
• Discount for Home Ownership – Just owning your own home may earn you a small savings since home ownership shows financial diligence.
• Paper-free Discount – Many auto insurance companies provide a small discount for buying your policy on the internet.

Keep in mind that most discounts do not apply the the whole policy. Most only reduce specific coverage prices like physical damage coverage or medical payments. So even though you would think it’s possible to get free car insurance, you won’t be that lucky.

Larger auto insurance companies and some of the premium reductions they offer are:

• Geico discounts include air bags, daytime running lights, membership and employees, multi-vehicle, driver training, and five-year accident-free.
• Mercury Insurance may include discounts for annual mileage, location of vehicle, ease of repair, multi-car, anti-theft, type of vehicle, and multi-policy.
• Farmers Insurance offers discounts for multi-car, electronic funds transfer, early shopping, alternative fuel, pay in full, and youthful driver.
• Auto-Owners Insurance includes discounts for air bags, teen driver, mature driver, paid in full, anti-lock brakes, multi-policy, and good student.
• Liberty Mutual has savings for exclusive group savings, new graduate, preferred payment discount, multi-policy, good student, newly married, and multi-car.
• SAFECO may have discounts that include accident prevention training, anti-lock brakes, anti-theft, homeowner, and teen safety rewards.
• Progressive offers premium reductions for continuous coverage, multi-vehicle, good student, online signing, and homeowner.
• USAA offers discounts including vehicle storage, good student, family discount, military installation, multi-vehicle, and driver training.

Before purchasing a policy, check with all the companies which discounts you may be entitled to. Some discounts might not be available to policyholders in every state. If you would like to choose from a list of companies that offer many of these discounts, follow this link.

Four factors that influence insurance prices

Many factors are part of the equation when pricing auto insurance. Some factors are common sense such as traffic violations, but other factors are not quite as obvious such as whether you are married or your financial responsibility.

The itemized list below are some of the major factors companies use to determine rates.

• Alarm systems systems cut premiums – Driving a car with advanced anti-theft systems can help lower your rates. Systems that thwart theives like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop auto theft.
• Marriage discount – Having a significant other actually saves money on your insurance coverage bill. Marriage demonstrates that you tend to be more responsible and insurance companies reward insureds because drivers who are married are more cautious.
• Pleasure use or commuting – The more you drive your Mercury every year the higher your rate. Many insurance companies calculate prices based on how the vehicle is used. Vehicles left parked in the garage can get a lower rate than cars that get driven a lot. It’s always a good idea to double check that your declarations sheet states the correct usage. A policy that improperly rates your Tracer can result in significantly higher rates.
• How many coverages with the same company – Some companies apply better rates to people that purchase more than one policy such as combining an auto and homeowners policy. Even though this discount sounds good, consumers should still shop around to make sure you are getting the best deal.

Tailor your insurance coverage to you

When choosing proper insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s needs are different.

These are some specific questions might point out if you may require specific advice.

• Is my custom paint covered by insurance?
• Do I have coverage when making deliveries for my home business?
• When would I need rental car insurance?
• Which companies will insure high-risk drivers?
• Do I have newly-aquired coverage?
• Am I covered if my car is in a flood?
• Does my policy cover me when driving someone else’s vehicle?
• Do I need PIP coverage since I have good health insurance?
• What is medical payments coverage?
• What companies insure drivers after a DUI or DWI?

If you can’t answer these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form.

Information about specific coverages

Knowing the specifics of a car insurance policy helps when choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Mercury Tracer.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually the UM/UIM limits are set the same as your liablity limits.

Comprehensive protection

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like vandalism, fire damage and a broken windshield. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical expense coverage

Coverage for medical payments and/or PIP pay for bills such as nursing services, rehabilitation expenses, dental work and funeral costs. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision coverage protection

This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like crashing into a building, driving through your garage door, colliding with another moving vehicle and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also increase the deductible to save money on collision insurance.

Auto liability

This coverage will cover damages or injuries you inflict on people or other property. This insurance protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims such as loss of income, structural damage and court costs. How much coverage you buy is your choice, but consider buying as much as you can afford.

A fool and his money are soon parted

As you restructure your insurance plan, do not buy less coverage just to save a little money. There are too many instances where an insured cut uninsured motorist or liability limits and found out when filing a claim they didn’t have enough coverage. The goal is to get the best coverage possible at the best cost and still be able to protect your assets.

The cheapest 1995 Mercury Tracer insurance can be purchased online and with local insurance agents, so you need to shop auto insurance with both to get a complete price analysis. A few companies don’t offer the ability to get quotes online and many times these regional carriers only sell coverage through independent insurance agents.

Insureds who switch companies do it for any number of reasons including denial of a claim, unfair underwriting practices, high prices and even delays in responding to claim requests. Regardless of your reason for switching companies, switching companies is not as hard as you think.

Other learning opportunities

• Auto Crash Statistics (Insurance Information Insitute)
• Vehicle Insurance in the U.S. (Wikipedia)
• Auto Insurance Learning Center (State Farm)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Tread Depth and Tire Safety (State Farm)
• Rental Car Insurance Tips (Insurance Information Insitute)