Lower Your 2007 Mercury Grand Marquis Car Insurance Rates

Want the cheapest car insurance rates for your Mercury Grand Marquis? Finding lower rates for car insurance is always a challenge for consumers not familiar with buying insurance online. You have so many companies to choose from that it can quickly become a lot of work to compare prices.

Smart consumers take time to price shop coverage before your policy renews because rates change quite often. Just because you had the lowest price on Grand Marquis coverage two years ago you may be paying too much now. Ignore everything you know about car insurance because you’re about to learn one of the easiest ways to find better coverage at a better price.

Mercury Grand Marquis rate determination is complex

It’s important that you understand the different types of things that play a part in calculating the price you pay for car insurance. Knowing what influences your rates empowers consumers to make smart changes that could result in much lower annual insurance costs.

Shown below are some of the items used by your company to calculate premiums.

  • Adjust deductibles and save – Physical damage deductibles define the amount you are required to spend out-of-pocket before your car insurance pays a claim. Coverage for physical damage, also known as collision and other-than-collision, protects your car from damage. A few examples of covered claims are running into the backend of another car, vandalism, and rolling your vehicle. The higher the amount you have to pay, the lower your rates will be on Grand Marquis coverage.
  • Theft deterrents lower rates – Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart auto theft.
  • Do you work long hours in a high stress job? – Jobs such as judges, architects and accountants have higher rates than average because of stressful work requirements and lengthy work days. On the flip side, occupations such as pilots, athletes and the unemployed get better rates on Grand Marquis coverage.
  • Lower miles equals lower premium – Driving more miles in a year’s time the higher your rate. Most insurance companies charge to insure your cars based on how the vehicle is used. Cars used primarily for pleasure use get more affordable rates than vehicles that are driven to work every day. Double check that your car insurance coverage properly reflects the proper vehicle usage. If your policy improperly rates your Grand Marquis can cost quite a bit.
  • Keep rates low by being claim-free – Companies generally give discounts to insureds who do not file claims often. If you frequently file small claims, you can definitely plan on either policy cancellation or increased premiums. Insurance coverage is intended to be relied upon for larger claims.
  • Better credit scores mean better rates – Credit score is a important factor in calculating your car insurance rates. Consumers who have high credit scores tend to be less risk to insure than those with lower credit scores. So if your credit score is low, you could be paying less to insure your 2007 Mercury Grand Marquis by spending a little time repairing your credit.
  • More people means more accidents – Being located in a rural area is a positive aspect when talking about car insurance. Lower population means fewer accidents. Drivers who live in large cities have more traffic problems and a longer drive to work. More time commuting means more change of being in an accident.
  • Protect yourself with liability coverage – Liability coverage will protect you in the event that you are found to be at fault for damages from an accident. Liability provides legal defense coverage starting from day one. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.

How to Compare Insurance Costs

To find the best insurance prices, there are several ways of comparing rate quotes from insurance companies in your area. The fastest way to find the cheapest 2007 Mercury Grand Marquis insurance rates is simply to get online rate quotes. This can be done in several different ways.

  1. The easiest and least time consuming way to find low rates would be an industry-wide quote request form (click to open form in new window). This easy form saves time by eliminating separate forms to each individual insurance company. Filling out one form will get you price quotes instantly.It’s the quickest way to get rates.
  2. A more difficult way to shop for insurance online requires you to visit the website for every company you want to comare and fill out their own quote form. For examples sake, we’ll pretend you want rates from Geico, Allstate and GMAC. To find out each rate you need to take the time to go to each site and enter your policy data, which is why most consumers use the first method.

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

  3. The hardest way of comparing rate quotes is to drive around to and from local insurance agencies. Buying insurance online makes this process obsolete unless you want the trained guidance of a licensed agent. However, consumers can price shop online and get advice from an agent in your area and we’ll talk about that later.

Whichever method you choose, double check that you are using identical coverage information for each comparison quote. If your comparisons have different values for each quote it’s impossible to make an equal comparison. Just a small difference in coverage limits may result in a large different in cost. And when comparison shopping, comparing a large number of companies will improve the odds of getting lower pricing.

Don’t listen to company ads

Insurance coverage providers like 21st Century, Allstate and State Farm consistently run ads on TV and radio. They all make the same claim of big savings if you change to them. How can each company claim to save you money? This is how they do it.

All the different companies have a certain “appetite” for the type of driver that makes them money. A good example of a driver they prefer might be a mature driver, has no tickets, and drives less than 7,500 miles a year. A driver that hits that “sweet spot” receives the best rates and most likely will cut their rates substantially.

Potential customers who don’t meet these standards must pay higher rates and ends up with the driver buying from a lower-cost company. The ads state “people who switch” not “everyone that quotes” save that much money. This is how insurance companies can state the savings. This illustrates why you absolutely need to get a wide range of price quotes. It’s impossible to know which insurance coverage company will fit your personal profile best.

More discounts equal less premium

Auto insurance companies don’t always list every available discount in a way that’s easy to find, so we took the time to find both well-publicized and the harder-to-find ways to save on insurance.

  • Student in College – Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Senior Citizens – Mature drivers may be able to get reduced rates on Grand Marquis coverage.
  • New Vehicle Savings – Insuring a new car can be considerably cheaper since new cars are generally safer.
  • Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class in high school.
  • Air Bag Discount – Cars that have air bags or motorized seat belts can qualify for discounts of up to 25% or more.

Keep in mind that most credits do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as comp or med pay. So when the math indicates adding up those discounts means a free policy, you’re out of luck.

Companies that may have these money-saving discounts include:

Before buying, ask each insurance company which discounts you may be entitled to. Savings might not be offered in every state.

It’s not one size fits all

When it comes to buying adequate coverage, there really is not a cookie cutter policy. Everyone’s situation is unique.

Here are some questions about coverages that might help in determining whether your personal situation might need professional guidance.

  • Am I covered if I wreck a rental car?
  • What is PIP insurance?
  • What if I total my 2007 Mercury Grand Marquis and owe more than it’s worth?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What is medical payments coverage?
  • Am I covered when driving someone else’s vehicle?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Can I make deliveries for my home business?
  • Is my state a no-fault state?
  • I don’t drive much so do I pay less?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form.

Auto insurance policy specifics

Learning about specific coverages of a auto insurance policy can be of help when determining the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Collision coverages – Collision insurance will pay to fix damage to your Grand Marquis from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims like scraping a guard rail, driving through your garage door, crashing into a ditch and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Mercury Grand Marquis.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance provide coverage for expenses for nursing services, surgery, EMT expenses and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Liability coverage – Liability coverage can cover damages or injuries you inflict on other’s property or people. It protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability can pay for things such as court costs, loss of income, repair costs for stationary objects, funeral expenses and structural damage. How much liability coverage do you need? That is a personal decision, but you should buy as much as you can afford.

Comprehensive coverage – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from a tornado or hurricane, falling objects, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Power to the consumer

Consumers change insurance companies for a variety of reasons including policy cancellation, policy non-renewal, extreme rates for teen drivers or lack of trust in their agent. Regardless of your reason, finding the right car insurance provider is pretty easy and you might even save some money in the process.

Cheap 2007 Mercury Grand Marquis insurance can be found from both online companies and also from your neighborhood agents, and you need to comparison shop both to have the best chance of lowering rates. Some car insurance companies may not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

We just showed you a lot of ways to save on insurance. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may be surprised to find that the lowest priced car insurance comes from the least-expected company.

More detailed car insurance information can be found in these articles: