Cheap 1994 Mercury Tracer Insurance Rates

Want lower insurance coverage rates for your Mercury Tracer? Feel like you’re a prisoner to high-priced insurance coverage? Believe me when I say you are not the only one feeling buyer’s remorse. Many insurers vie for your business, so it can be very hard to choose a company and uncover the absolute best rates possible.

It’s a good habit to take a look at other company’s rates on a regular basis because prices go up and down regularly. Even if you think you had the best price for Tracer coverage a year ago other companies may now be cheaper. There is a lot of bad advice regarding insurance coverage on the web, but by reading this article, you’re going to learn some solid techniques on how to buy insurance coverage cheaper.

If you have insurance now or need a new policy, you can learn to get lower rates while maximizing coverage. Buying car insurance is not rocket science. Drivers only need an understanding of the proper methods to find the lowest price online.

Be sure to get all your discounts

Car insurance is not cheap, but there are discounts available that many people don’t even know exist. Some discounts apply automatically when you get a quote, but less common discounts must be specifically requested before being credited. If you aren’t receiving every discount you deserve, you’re paying more than you need to.

  • Discount for New Cars – Buying coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Braking Control Discount – Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
  • Life Insurance – Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
  • Good Student Discount – Getting good grades can earn a discount of 20% or more. The discount lasts up until you turn 25.
  • Sign Online – Some insurance companies may give you up to $50 for buying your policy over the internet.

Drivers should understand that some of the credits will not apply to the overall cost of the policy. Most only apply to individual premiums such as medical payments or collision. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way. Any qualifying discounts will bring down your premiums.

Insurance companies that may have some of the above discounts include:

Check with all companies you are considering what discounts are available to you. Discounts may not apply in every state.

Comprehensive Car Insurance Comparison

Effectively comparing car insurance prices can take time and effort if you don’t know the best way to get rate quotes. You can waste a lot of time talking about coverages with insurance agencies in your area, or you can utilize the internet to get the quickest rates.

Most of the best insurance companies are enrolled in a marketplace that enables customers to submit one quote, and each participating company can provide price quotes for coverage. This prevents consumers from doing repetitive form submissions for each company.

To find out what other companies charge for 1994 Mercury Tracer insurance click here to open in new window.

The one disadvantage to using this type of form is buyers cannot specifically choose which insurance companies to get quotes from. So if you want to select specific insurance companies for rate comparison, we put together a list of low cost car insurance companies in your area. Click to view list.

It doesn’t matter which method you choose, just make sure you use identical coverages on every quote you get. If your comparisons have different liability limits you can’t possibly truly determine the lowest rate.

Mercury Tracer insurance rates consist of many parts

Smart consumers have a good feel for some of the elements that go into determining the price you pay for insurance coverage. Knowing what influences your rates allows you to make educated decisions that may reward you with big savings.

  • Multiple policies with one company can save – Most companies will give a discount to policyholders who carry more than one policy in the form of a multi-policy discount. Even if you’re getting this discount you may still want to compare rates to make sure you are getting the best deal. You may still be able to find a better deal by insuring with multiple companies.
  • Add-on coverages can add up – There are a ton of additional coverages you can purchase if you aren’t careful. Insurance for roadside assistance, better glass coverage and additional equipment coverage are some examples. These coverages may sound good at first, but now you might not need them so eliminate the coverages to reduce your premium.
  • Safe vehicles cost less to insure – Safer cars tend to have better insurance rates. These vehicles protect occupants better and lower injury rates translates into fewer and smaller insurance claims and lower rates for you. If the Mercury Tracer earned at least four stars on Safercar.gov you are probably receiving a discount.
  • Your credit rating is important – A driver’s credit history is a large factor in determining what you pay for insurance coverage. If your credit is not that good, you could pay less to insure your 1994 Mercury Tracer by repairing your credit. Drivers with excellent credit tend to file fewer claims and have better driving records than those with lower credit scores.
  • Your job and insurance rates – Did you know your insurance coverage rates can be affected by your occupation? Careers like doctors, architects and stock brokers tend to pay the highest rates in part from job stress and lots of time spent at work. On the other hand, occupations such as pilots, students and performers have the lowest average rates for Tracer coverage.
  • Don’t cancel a policy without a new one in place – Letting your insurance expire is a guaranteed way to pay more for insurance coverage. And not only will insurance be more expensive, getting caught without coverage might get you a license revocation or jail time.
  • Lower rates come with age – Mature drivers are more cautious drivers, file fewer claims and get fewer tickets. Youthful drivers are known to be more careless in a vehicle therefore insurance coverage rates are much higher.
  • A clean driving record saves money – Your driving record has a huge affect on how much you pay. Drivers who don’t get tickets tend to pay less for car insurance compared to drivers with tickets. Even one moving violation can bump up the cost forty percent or more. Drivers who get flagrant violations such as DUI or reckless driving may be required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to keep their license.

How do I know if I need professional advice?

When it comes to buying the right insurance coverage, there really is no one size fits all plan. Every situation is different so this has to be addressed. For instance, these questions could help you determine if your situation would benefit from professional advice.

  • How do I insure my teen driver?
  • Is my nanny covered when driving my vehicle?
  • Does my policy pay for OEM or aftermarket parts?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What vehicles should carry emergency assistance coverage?
  • Am I covered when driving in Canada or Mexico?

If you’re not sure about 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. It is quick, free and can help protect your family.

Auto insurance coverage information

Having a good grasp of a car insurance policy helps when choosing the best coverages for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types found on the average car insurance policy.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as rehabilitation expenses, ambulance fees, surgery, EMT expenses and pain medications. They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible

Collision – Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things such as colliding with another moving vehicle, scraping a guard rail and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Liability car insurance – This can cover damage that occurs to other people or property in an accident. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like bail bonds, court costs and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy higher limits if possible.

Comprehensive coverage – This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, theft, rock chips in glass and hitting a bird. The maximum payout your car insurance company will pay 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.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

One last thing

When you buy insurance online, you should never reduce coverage to reduce premium. There are too many instances where consumers will sacrifice collision coverage only to regret they didn’t have enough coverage. Your strategy should be to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

We just presented a lot of techniques to lower your 1994 Mercury Tracer insurance rates. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. You may be surprised to find that the most savings is with the smaller companies. They may only write in your state and offer lower rates compared to the large companies like Allstate or State Farm.

Even more information can be found in these articles: