Save on 2003 Mercury Grand Marquis Car Insurance Quotes

Looking for the cheapest auto insurance rates for your Mercury Grand Marquis? Are you drained from robbing Peter to pay Paul to buy auto insurance? Your situation is no different than most other vehicle owners.

Due to the fact that there are so many insurance providers from which to choose, it can be impossible to choose the lowest cost insurer.

Get cheap insurance prices by understanding these factors

Many factors are used in the calculation when you get your auto insurance bill. Most are fairly basic such as your driving history, although others are not quite as obvious such as whether you are married or how financially stable you are.

The list below includes some of the most common factors used by insurance companies to determine your premiums.

• Small coverages can add up – Insurance companies have many additional coverages that you can get tricked into buying but may not be useful. Insurance for things like personal injury protection, accident forgiveness, and membership fees are probably not needed. These may sound like a good investment when you first buy your policy, but your needs may have changed so get rid of them and save.
• How many miles do you drive? – The more miles you rack up on your Mercury in a year’s time the more you’ll pay to insure it. A lot of companies rate vehicles partially by how you use the vehicle. Cars and trucks that have low annual miles qualify for better rates as compared to vehicles used primarily for driving to work. Having the wrong rating on your Grand Marquis is throwing money out the window. Verify your auto insurance policy properly reflects the correct driver usage.
• Where you live is a factor – Residing in small towns and rural areas can save you money when talking about auto insurance. Fewer drivers and short commutes translates into fewer accident claims in addition to lower liability claims Drivers in populated areas have more aggressive driving styles and longer commutes to work. The longer drive time translates into higher accident risk.
• Are females or males drivers cheaper? – Statistics show that women are safer drivers than men. That doesn’t necessarily mean that females are better drivers. They both have auto accidents at a similar rate, but males cause more damage and cost insurance companies more money. Men also statistically receive more costly citations like DWI (DUI) or reckless driving.
• Insurance rates for married couples – Having a spouse may save some money on your policy. It may mean you are more mature and responsible and it’s statistically proven that being married results in fewer claims.
• Your liability insurance limits – Your policy’s liability coverage kicks in when you are found to be at fault for damages caused by your negligence. It will provide legal defense coverage starting from day one. It is affordable coverage compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
• Certain vocations pay higher auto insurance rates – Did you know that where you work can have an impact on rates? Occupational choices like military generalspolice officers and emergency personnel tend to have higher premium rates in part from job stress and incredibly demanding work hours. Other occupations such as actors, historians and homemakers receive lower rates on Grand Marquis insurance.
• Discounts for auto and home policies – Many companies will give a discount to insureds that buy multiple policies, otherwise known as a multi-policy discount. Discounts can add up to ten or even up to twenty percent in some cases. Even if you already get this discount, consumers should still compare other insurance prices to guarantee you are still saving the most. You may still find better rates by splitting coverages up.

Where can I get low cost car insurance?

To find the best car insurance rates, there are several ways of comparing rates from local car insurance companies. The easiest way by far to find the lowest 2003 Mercury Grand Marquis rates consists of obtaining rate quotes online. This can be done in just a few minutes using one of these methods.

• The simplest way to get quotes for comparison is to use a rate comparison form like this one (opens in new window). This type of form prevents you from having to do boring form submissions to each individual car insurance company. One simple form gets you price quotes from all major companies.
• A slightly less efficient method to obtain and compare quotes online consists of going to each individual company website and go through the quote process again. For examples sake, we’ll assume you want to see prices from Geico, Safeco and Allstate. To get each rate you have to go to each individual site and type in your information over and over, which can be really labor intensive.

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

• The final method to price shop rates is making phone calls or going to each insurance agency near you. The fact that you can get quotes online eliminates the middleman unless you want the trained guidance that you can only get from talking to an agent. If you prefer, some companies allow you to comparison shop your insurance online and still use a local agent.

Compare rates however you want, just try to keep the same information for each comparison quote. If the quotes have higher or lower deductibles it’s impossible to decipher which rate is best. Slightly different insurance coverages or limits can mean a large discrepancy in price. And when comparison shopping, comparing a large number of companies will enable you to find a lower rate.

Save 15 percent in 15 minutes? Is it for real?

Insurance companies such as State Farm and Allstate consistently run ads in print and on television. All the ads advertise the message that drivers will save a bundle if you get a free insurance coverage quote and switch to their company. How can each company sell you cheaper insurance coverage? It’s all in how they say it.

Insurance providers quote their cheapest rates for a prospective insured that will most likely be profitable. An example of a preferred risk may need to be over the age of 40, has never had a policy lapse, and drives a safe vehicle. Any driver who meets those qualifications receives the best rates and will save quite a bit of money when switching.

Insureds who don’t qualify for these criteria will see more expensive rates which results in business not being written. If you pay close attention to the ads, they say “customers who switch” but not “everyone who gets a quote” save that much. This is how insurance companies can advertise the way they do. This illustrates why you really need to get price quotes at each policy renewal. It’s just too difficult to predict which insurance companies will be your best fit.

Take policy discounts and save

Car insurance companies don’t always list every discount they offer very clearly, so the list below details a few of the more common as well as the least known credits that may apply to you.

• ABS Brakes – Cars and trucks equipped with ABS or steering control can reduce accidents and the ABS can save up to 10%.
• Auto/Home Discount – If you can bundle your auto and home insurance with the same company you could get a discount of approximately 10% to 15%.
• No Accidents – Claim-free drivers have much lower rates when compared with accident-prone drivers.
• Senior Citizen Discount – If you’re over the age of 55, you could receive reduced rates on Grand Marquis insurance.
• Telematics Data – Policyholders that allow companies to look at vehicle usage by using a telematics device in their vehicle like Allstate’s Drivewise may see discounts if they are good drivers.

Discounts lower rates, but most discount credits are not given to the overall cost of the policy. Most only apply to the cost of specific coverages such as comp or med pay. So even though you would think adding up those discounts means a free policy, it doesn’t quite work that way.

A few of the larger companies and their possible discounts are included below.

• Progressive may include discounts for homeowner, continuous coverage, online quote discount, multi-policy, good student, online signing, and multi-vehicle.
• AAA includes discounts for good driver, multi-policy, pay-in-full, AAA membership discount, education and occupation, multi-car, and good student.
• Farmers Insurance offers discounts for business and professional, alternative fuel, early shopping, distant student, and mature driver.
• Geico has savings for defensive driver, driver training, multi-vehicle, military active duty, membership and employees, and air bags.
• Esurance has discounts for DriveSense, paid-in-full, anti-lock brakes, renters, claim free, and multi-policy.
• SAFECO offers discounts including safe driver, anti-theft, teen safe driver, anti-lock brakes, bundle discounts, and teen safety rewards.
• State Farm discounts include good driver, Drive Safe & Save, good student, driver’s education, passive restraint, and anti-theft.

When comparing rates, check with each company which discounts they offer. Some of the discounts discussed earlier might not be offered on policies in your state.

Which policy gives me the best coverage?

When buying the best car insurance coverage, there really is not a best way to insure your cars. Each situation is unique so this has to be addressed. Here are some questions about coverages that might help in determining if your situation would benefit from an agent’s advice.

• What if I total my 2003 Mercury Grand Marquis and owe more than it’s worth?
• When should I not file a claim?
• Do I need medical payments coverage since I have good health insurance?
• Will my rates increase for filing one claim?
• Does my liability insurance cover pulling a trailer or camper?
• Are split liability limits better than a combined single limit?
• Does my insurance cover my expensive audio equipment?
• Why am I be forced to buy a membership to get insurance from some companies?
• How do I buy GAP insurance?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Auto insurance 101

Understanding the coverages of your insurance policy can be of help when determining the right coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. These are typical coverage types available from insurance companies.

Coverage for uninsured or underinsured drivers – This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and damage to your Mercury Grand Marquis.

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 important protection for you and your family.

Comprehensive insurance – This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a bird, hitting a deer, theft and rock chips in glass. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability coverage – This can cover injuries or damage you cause to other people or property by causing an accident. It protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability can pay for things like court costs, repair bills for other people’s vehicles, repair costs for stationary objects, medical services and medical expenses. How much liability coverage do you need? That is a personal decision, but consider buying higher limits if possible.

Collision coverages – Collision coverage pays for damage to your Grand Marquis caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like colliding with a tree, crashing into a building and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for hospital visits, prosthetic devices and rehabilitation expenses. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Make a quick buck

As you shop your coverage around, do not buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped uninsured motorist or liability limits only to regret that it was a big error on their part. Your goal is to buy a smart amount of coverage at the best price while not skimping on critical coverages.

In this article, we covered some good ideas how to get a better price on 2003 Mercury Grand Marquis insurance. The key concept to understand is the more rate quotes you have, the higher your chance of finding cheap insurance coverage. You may be surprised to find that the most savings is with a lesser-known regional company. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like Progressive or Geico.

More detailed insurance coverage information can be read in these articles:

• Auto Crash Statistics (Insurance Information Insitute)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• Understanding Car Crashes Video (iihs.org)
• Determing Auto Insurance Rates (Geico)