1999 Mercury Cougar Insurance Cost – 8 Tips to Save

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: May 12, 2022

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Want the cheapest insurance rates for your Mercury Cougar? Are you sick and tired of not being able to afford each month for car insurance? Your situation is no different than millions of other consumers. Numerous insurance companies battle for your business, and because of this it can be hard to compare car insurance companies and get the best coverage at the best rates possible.

You need to compare prices before your policy renews since insurance rates trend upward over time. If you had the best rates for Cougar coverage on your last policy the chances are good that you can find a lower rate today. So forget anything you know (or think you know) about insurance because you’re going to learn the things you must know in order to properly buy coverages and cut your premium.

Discounts on 1999 Mercury Cougar insurance

Properly insuring your vehicles can get expensive, but there could be available discounts that many people don’t even know exist. A few discounts will automatically apply when you complete an application, but less common discounts must be specially asked for before you get the savings. If they aren’t giving you every credit available, you’re just leaving money on the table.

  • No Claims – Claim-free drivers pay less when compared to accident-prone drivers.
  • Save over 55 – If you qualify as a senior citizen, you can possibly qualify for a discount up to 10% for Cougar coverage.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in school.
  • Federal Employees – Active or retired federal employment can save as much as 8% for Cougar coverage depending on your company.
  • Good Student – Getting good grades can be rewarded with saving of up to 25%. Earning this discount can benefit you up to age 25.
  • New Car Discount – Adding a new car to your policy can cost up to 25% less due to better safety requirements for new cars.
  • Theft Prevention System – Anti-theft and alarm systems help deter theft and therefore earn up to a 10% discount.
  • Bundle and Save – If you have multiple policies with one company you will save approximately 10% to 15%.

Drivers should understand that most of the big mark downs will not be given to the entire policy premium. Most only cut specific coverage prices like comp or med pay. Just because you may think you would end up receiving a 100% discount, you won’t be that lucky. But all discounts will reduce your premiums.

For a list of insurers offering car insurance discounts, follow this link.

Tailor your coverage to you

When it comes to choosing coverage, there is no one size fits all plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions can aid in determining if your situation will benefit from professional help.

  • Should I have combined single limit or split liability limits?
  • At what point should I drop full coverage?
  • Does insurance cover damages from a DUI accident?
  • Can my teen drive my company car?
  • Are my friends covered when driving my car?
  • Are rock chip repairs covered?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Does my 1999 Mercury Cougar qualify for pleasure use?
  • Do I need added coverage for expensive stereo equipment?

If it’s difficult to answer those questions, you might consider talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Can switching companies really save?

Consumers constantly see and hear ads for cheaper car insurance by GEICO, State Farm and Progressive. They all say the same thing of big savings if you switch to their company.

How do they all make the same claim? It’s all in the numbers.

Insurance companies are able to cherry pick for the type of driver that is profitable for them. A good example of a driver they prefer might be profiled as a mature driver, is a homeowner, and has great credit. A driver who meets those qualifications gets the lowest rates and as a result will probably save when they switch companies.

Consumers who are not a match for the “perfect” profile will be charged a higher premium which leads to the driver buying from a lower-cost company. The ads state “drivers who switch” not “everybody who quotes” save that much. That is how companies can truthfully advertise the way they do.

That is why drivers should compare many company’s rates. It’s just too difficult to predict which insurance companies will provide you with the cheapest Mercury Cougar insurance rates.

Car insurance coverage breakdown

Learning about specific coverages of your policy aids in choosing which coverages you need for your vehicles. Car insurance terms can be confusing and coverage can change by endorsement. Listed below are the usual coverages available from car insurance companies.

Liability insurance

Liability coverage can cover damage or injury you incur to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like repair bills for other people’s vehicles, medical services, legal defense fees and bail bonds. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.

Comprehensive protection

Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as vandalism, hail damage and hitting a bird. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Mercury Cougar.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses like X-ray expenses, rehabilitation expenses and ambulance fees. They are often used in conjunction with a health insurance policy or if you do not have health coverage. They cover both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Coverage for collisions

Collision insurance pays for damage to your Cougar from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like hitting a mailbox, rolling your car, hitting a parking meter, sustaining damage from a pot hole and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to raise the deductible to save money on collision insurance.

Quote often and quote early

We’ve covered some good ideas how you can get a better price on 1999 Mercury Cougar insurance. It’s most important to understand that the more companies you get rates for, the more likely it is that you will get a better rate. You may be surprised to find that the lowest rates come from a company that doesn’t do a lot of advertising. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like State Farm, GEICO and Nationwide.

As you go through the steps to switch your coverage, do not reduce coverage to reduce premium. There have been many situations where someone sacrificed uninsured motorist or liability limits only to discover later that their decision to reduce coverage ended up costing them more. Your goal should be to get the best coverage possible at a price you can afford while still protecting your assets.

Budget-conscious insurance is attainable on the web and with local insurance agents, and you should be comparing both to have the best chance of lowering rates. A few companies do not offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

More information can be found at the links below

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