Cheap 2001 Mercury Cougar Insurance Rates

Want the cheapest auto insurance rates for your Mercury Cougar? Finding lower premiums on auto insurance can be challenging for consumers new to comparing rates online. People have so many options that it can turn into a real challenge to find the best price.

Consumers should take time to shop coverage around on a regular basis since insurance rates are usually higher with each renewal. Even if you got the lowest price on Cougar insurance six months ago there may be better deals available now. So just ignore everything you know about auto insurance because it’s time to teach you how to use the internet to save money, get proper coverage and the best rates.

Lesser-known factors impacting Mercury Cougar insurance rates

An important part of buying insurance is that you know some of the elements that help determine the rates you pay for auto insurance. Understanding what influences your rates helps enable you to make changes that will entitle you to lower auto insurance prices.

  • Your location is important – Being located in small towns and rural areas can save you money when buying auto insurance. City drivers tend to have traffic congestion and much longer commute distances. Fewer people means fewer accidents and a lower car theft rate.
  • Your stress level may be raising your rates – Jobs such as real estate brokers, social workers and financial analysts tend to pay higher average rates attributed to job stress and lengthy work days. Conversely, occupations like pilots, engineers and retirees have the lowest average rates on Cougar insurance.
  • Always keep insurance in force – Driving your car without having proper coverage is a misdemeanor and your next policy will cost more because you let your coverage have a gap. And not only will your rates increase, getting caught without coverage may earn you a steep fine or even jail time.
  • Better credit scores mean better rates – Having a bad credit rating is a huge factor in determining your rates. Consumers who have high credit scores tend to be less risk to insure than those with poor credit. So if your credit rating can use some improvement, you could save money insuring your 2001 Mercury Cougar by repairing your credit.
  • Do you have enough liability coverage? – Liability coverage is the protection if ever you are found to be at fault for damages from an accident. Liability insurance provides legal defense starting from day one. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
  • Special features that cut premiums – Owning a car with an alarm system can help bring down rates. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your car from being stolen.
  • Lower rates come with age – Teenage drivers are statistically proven to be more careless behind the wheel so auto insurance rates are higher. If you’ve ever had to add a young driver onto your auto insurance can be very expensive. Older drivers are viewed as being more responsible, statistically cause fewer accidents and are safer drivers.
  • Safe vehicles cost less to insure – Vehicles with high crash test scores can get you lower premiums. These vehicles protect occupants better and any reduction in injury severity translates into savings for insurance companies and thus lower rates. If your Mercury has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.

Cut your premium with discounts

Auto insurance companies don’t always publicize every available discount in a way that’s easy to find, so we break down some of the more common and the more hidden savings tricks you should be using.

  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on the same insurance policy could earn a price break for each car.
  • New Vehicle Savings – Putting insurance coverage on a new car is cheaper compared to insuring an older model.
  • Anti-theft System – Anti-theft and alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last until age 25.
  • Safe Drivers – Safe drivers can pay as much as 50% less on Cougar insurance than their less cautious counterparts.
  • One Accident Forgiven – Certain companies will forgive one accident before your rates go up if you are claim-free for a certain period of time.
  • Claim Free – Drivers who don’t have accidents pay less as compared to bad drivers.
  • Federal Employees – Simply working for the federal government can earn a discount up to 10% on Cougar insurance with a few insurance companies.
  • Braking Control Discount – Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.

Drivers should understand that most discounts do not apply to all coverage premiums. Most only cut the cost of specific coverages such as liability and collision coverage. So when the math indicates all those discounts means the company will pay you, it just doesn’t work that way.

For a list of companies offering insurance discounts, click this link.

Save $483 a year? Really?

Companies like Allstate, Geico and Progressive continually stream ads in print and on television. All the ads say the same thing that you’ll save big after switching your policy. How do they all make almost identical claims?

All companies are able to cherry pick for the type of customer that is profitable for them. For instance, a preferred risk could possibly be between 25 and 40, insures multiple vehicles, and drives newer vehicles. A customer getting a price quote who meets those qualifications gets the lowest rates and as a result will probably pay quite a bit less when switching companies.

Drivers who are not a match for the “perfect” profile will be quoted higher premiums which usually ends up with the customer not buying. Company advertisements say “customers that switch” not “people who quote” save that kind of money. That’s the way insurance companies can state the savings. This emphasizes why it’s extremely important to get as many comparisons as possible. It is impossible to predict the company that will give you the biggest savings on Mercury Cougar insurance.

What is the best insurance coverage?

When it comes to choosing the best insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Each situation is unique.

For example, these questions could help you determine whether you would benefit from professional advice.

  • Which is better, split liability limits or combined limits?
  • Why do I need rental car insurance?
  • I have a DUI can I still get coverage?
  • Does having multiple vehicles earn me a discount?
  • Can my teen driver be rated on a liability-only vehicle?
  • Should I buy only the required minimum liability coverage?
  • Are my friends covered when driving my 2001 Mercury Cougar?
  • Do I have coverage when making deliveries for my home business?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form.

Auto insurance policy specifics

Understanding the coverages of your policy aids in choosing which coverages you need for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Comprehensive coverages

This will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from flooding, damage from getting keyed and vandalism. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverage protection

Collision coverage pays for damage to your Cougar resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like crashing into a building, hitting a parking meter, rolling your car and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Auto liability insurance

Liability insurance can cover injuries or damage you cause to people or other property that is your fault. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability insurance covers claims such as repair bills for other people’s vehicles, pain and suffering, legal defense fees and bail bonds. How much coverage you buy is your choice, but consider buying as much as you can afford.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Mercury Cougar.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for immediate expenses for nursing services, prosthetic devices, surgery, pain medications and ambulance fees. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers getting struck while a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Shop Smart and Save

When shopping online for insurance coverage, it’s very important that you do not buy less coverage just to save a little money. There have been many cases where drivers have reduced liability coverage limits and found out when filing a claim that it was a big error on their part. Your goal should be to purchase a proper amount of coverage at a price you can afford.

We just covered some good ideas how you can save on 2001 Mercury Cougar insurance. The key concept to understand is the more rate quotes you have, the better your chances of lowering your rates. You may be surprised to find that the biggest savings come from some of the smallest insurance companies.

People who switch companies do it for many reasons like high prices, unfair underwriting practices, lack of trust in their agent or not issuing a premium refund. It doesn’t matter what your reason, finding a new insurance coverage company can be easier than you think.

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