2002 Mercury Cougar Insurance Quotes – 5 Savings Tips

Looking for lower insurance rates? Shoppers have many options when shopping for the lowest priced Mercury Cougar insurance. They can either spend hours calling around to compare prices or utilize the internet to get rate quotes.

There are more efficient ways to find insurance online and we’ll show you the proper way to compare rates for a Mercury and obtain the lowest price from both online companies and local agents.

The quickest method we recommend to compare insurance rates from multiple companies is to know the trick most of the bigger providers provide online access to provide you with free rate quotes. The one thing you need to do is give the companies some data like how much school you completed, whether the vehicles are used for commuting, whether your vehicle is owned or leased, and types of safety features. That rating information is then sent to multiple auto insurance providers and you get price estimates almost instantly.

Best discounts on 2002 Mercury Cougar coverage

Insurance can cost an arm and a leg, buy you may qualify for discounts to help offset the cost. A few discounts will automatically apply at quote time, but a few must be inquired about prior to receiving the credit. If you aren’t receiving every discount possible, you’re paying more than you need to.

  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of paying each month you could save up to 5%.
  • Multi-car Discount – Buying insurance for more than one vehicle on one policy can get a discount on all vehicles.
  • Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates on Cougar coverage than drivers with accident claims.
  • Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and earn discounts up to 10%.
  • Passive Restraint Discount – Vehicles equipped with air bags may earn rate discounts up to 30%.

As a disclaimer on discounts, most of the big mark downs will not be given the the whole policy. The majority will only reduce individual premiums such as liability and collision coverage. So when it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way. But any discount will cut your overall premium however.

To see a list of insurers with the best insurance discounts, click here to view.

Tailor your coverage to you

When it comes to buying adequate coverage, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs.

For instance, these questions can help discover if your situation would benefit from an agent’s advice.

  • Can I get a multi-policy discount?
  • Do I benefit by insuring my home with the same company?
  • What is the rate difference between pleasure use and commuting?
  • How do I file an SR-22 for a DUI in my state?
  • Are my tools covered if they get stolen from my vehicle?
  • Are my friends covered when driving my 2002 Mercury Cougar?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Why is insurance for a teen driver so high?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Coverages available on your insurance policy

Having a good grasp of a insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Collision protection

This covers damage to your Cougar resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like colliding with another moving vehicle, damaging your car on a curb, crashing into a ditch, scraping a guard rail and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for immediate expenses for prosthetic devices, hospital visits, X-ray expenses and doctor visits. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like theft, hail damage and a broken windshield. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability auto insurance

This protects you from damage that occurs to other’s property or people by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things like attorney fees, structural damage and medical services. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Usually these coverages are identical to your policy’s liability coverage.

Make an honest buck

Insureds who switch companies do it for any number of reasons including questionable increases in premium, poor customer service, high rates after DUI convictions or denial of a claim. Regardless of your reason for switching companies, switching insurance coverage companies is easier than you think.

When shopping online for insurance coverage, do not skimp on coverage in order to save money. In many instances, someone sacrificed uninsured motorist or liability limits only to find out that the savings was not a smart move. Your goal should be to buy the best coverage you can find for the lowest price while still protecting your assets.

In this article, we covered some good ideas how to save on 2002 Mercury Cougar insurance. It’s most important to understand that the more companies you get rates for, the better likelihood of reducing your rate. Drivers may discover the lowest priced insurance coverage comes from the least-expected company.

More tips and info about insurance coverage is located by following these links: