Save on 2002 Mercury Cougar Insurance Quotes

Sick and tired of paying out the nose each month for car insurance? Your situation is no different than many other drivers. Because there are so many insurance companies to choose from, it can be impossible to choose the lowest price insurance company.

It’s a good idea to get comparison quotes yearly because prices change frequently. Even if you think you had the best price on Cougar insurance a few years ago you can probably find a better price now. Starting right now, ignore everything you know about car insurance because you’re going to get a crash course in the best way to find lower rates on car insurance.

Pay less by taking advantage of discounts

Insuring your vehicles can cost a lot, but discounts can save money and there are some available that can drop the cost substantially. Certain discounts will be applied at the time you complete a quote, but lesser-known reductions have to be requested specifically before you get the savings. If you’re not getting every credit possible, you are throwing money away.

  • New Car Discount – Adding a new car to your policy can be considerably cheaper compared to insuring an older model.
  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Accident Forgiveness – Certain companies allow you one accident before your rates go up if your claims history is clear for a certain period of time.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
  • Passive Restraints – Vehicles with factory air bags or motorized seat belts can qualify for discounts up to 30%.
  • Sign Early and Save – Some insurance companies reward drivers for switching to them before your current policy expires. It can save you around 10%.
  • 55 and Retired – If you’re over the age of 55, you may be able to get a small decrease in premiums on Cougar insurance.
  • Clubs and Organizations – Being a member of a professional or civic organization may earn a discount on your policy on Cougar insurance.
  • Anti-theft System – Vehicles with anti-theft systems help deter theft and earn discounts up to 10%.

A little note about advertised discounts, most discounts do not apply to your bottom line cost. The majority will only reduce individual premiums such as comp or med pay. Just because it seems like having all the discounts means you get insurance for free, you won’t be that lucky. Any qualifying discounts will reduce the amount you have to pay.

A partial list of companies that may have these discounts include:

Double check with each insurance company which discounts you may be entitled to. Some discounts might not apply everywhere.

Your coverage should be tailored to you

When it comes to buying coverage, there is no perfect coverage plan. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight if your insurance needs might need an agent’s assistance.

  • When should I drop full coverage on my 2002 Mercury Cougar?
  • Is my custom paint covered by insurance?
  • What discounts do I qualify for?
  • Can I make deliveries for my home business?
  • Which is better, split liability limits or combined limits?
  • Will my rates increase for filing one claim?
  • What is roadside assistance coverage?
  • Can I drive in Mexico and have coverage?
  • Should I get collision insurance on every vehicle?

If you can’t answer these questions, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It is quick, free and can help protect your family.

Auto insurance 101

Understanding the coverages of your insurance policy aids in choosing the best coverages for your vehicles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. These are the normal coverages available from insurance companies.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like nursing services, funeral costs and doctor visits. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants 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. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Coverage for liability – Liability insurance will cover damages or injuries you inflict on people or other property. This coverage protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as medical services, legal defense fees and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.

Collision coverage – Collision insurance will pay to fix damage to your Cougar resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like crashing into a building, hitting a parking meter, driving through your garage door, hitting a mailbox and rolling your car. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.

Comprehensive auto coverage – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like a broken windshield, theft, damage from a tornado or hurricane and a tree branch falling on your vehicle. The most your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Take this to the bank

When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. There have been many situations where someone dropped liability coverage limits and discovered at claim time that they should have had better coverage. The aim is to buy a smart amount of coverage at an affordable rate while still protecting your assets.

You just read quite a bit of information on how to shop for 2002 Mercury Cougar insurance online. It’s most important to understand that the more companies you get rates for, the better your chances of lowering your rates. Consumers may even find the best prices are with a small mutual company. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like Allstate or State Farm.

Helpful articles