1995 Lincoln Mark VIII Insurance Rates

Have you fallen victim to an underperforming, overpriced auto insurance policy? Believe me when I say there are lots of people in the same boat.

Multiple insurance companies compete for your business, and it can be difficult to compare rates and get the definite lowest price

It is always a good idea to check auto insurance prices yearly because prices are rarely the same from one policy term to another. If you had the best price for Mark VIII coverage a year ago a different company probably has better rates today. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the tricks you need to know to properly buy coverages while reducing your premium.

If you currently have a car insurance policy, you should be able to reduce your rates substantially using these methods. Buying car insurance is not rocket science. Although car owners must understand the way companies price insurance differently and use this information to your advantage.

Insurance Comparison Rates

Most major insurance companies like 21st Century, Allstate and State Farm provide prices for coverage on the web. This process doesn’t take much effort as you just enter your coverage preferences into a form. After the form is submitted, their rating system orders information on your driving record and credit history and provides a quote based on these factors. Being able to quote online makes comparing rates easy, but the time required to go to each company’s website and repetitively type in the same information can be a bit tiresome and repetitive. Unfortunately, it is important to perform this step in order to find the lowest price.

The easy way to compare rates

A quicker way to compare rates uses one form that gets prices from a bunch of companies at once. It saves time, helps eliminate reptitive entry, and makes online quotes much more efficient. After sending the form, it gets priced and you are able to buy your choice of the quotes returned. If the quotes result in lower rates, you simply finish the application and purchase coverage. The entire process can be completed in less than 10 minutes and may save quite a bit of money.

To find out how much you can save on insurance, click here to open in a new tab and enter your information. If you have coverage now, it’s recommended that you enter your coverages exactly as shown on your declarations page. Doing this guarantees you will be getting a fair comparison for similar insurance coverage.

Why your Lincoln Mark VIII might be costing you more

It’s important that you understand some of the elements that play a part in calculating insurance coverage rates. Understanding what determines base rates helps enable you to make changes that may reward you with lower insurance coverage prices.

  • Younger drivers pay higher rates – Older drivers are more cautious drivers, statistically cause fewer accidents and get fewer tickets. Young drivers tend to be more careless behind the wheel therefore insurance coverage rates are much higher.
  • How credit affects insurance coverage rates – A driver’s credit score is a big factor in calculating your insurance coverage rates. Therefore, if your credit is lower than you’d like, you could be paying less to insure your 1995 Lincoln Mark VIII by improving your rating. Consumers who have good credit tend to be less risk to insure than drivers with poor credit.
  • Multiple policies with one company can save – Some insurance coverage companies give discounts to insureds who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount, it’s in your best interest to shop around to confirm you are receiving the best rates possible. Drivers may still find a better deal by splitting coverages up.
  • Are you male or female? – Statistics have proven that women are safer drivers than men. That doesn’t necessarily mean that women are BETTER drivers than men. Men and women have accidents at about the same rate, but the men cause more damage. Men also statistically get more serious tickets such as DWI and reckless driving. Youthful male drivers tend to get in the most accidents and therefore are the most expensive to insure.
  • Rural vs Urban Areas – Being located in small towns and rural areas has it’s advantages when buying insurance coverage. City drivers have congested traffic and longer commutes to work. Fewer drivers means fewer accidents as well as less vandalism and auto theft.
  • Your job and insurance rates – Did you know your job can affect your rates? Jobs such as doctors, architects and dentists tend to have the highest average rates in part from job stress and lots of time spent at work. Other occupations like pilots, historians and homemakers receive lower rates for Mark VIII coverage.
  • Car features impact rates – Purchasing a vehicle with anti-theft technology or alarm system can get you a discount on your insurance coverage. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping car theft.
  • Don’t skimp on liability – The liability section of your policy is the coverage that protects you if you are found liable for damages caused by your negligence. Liability provides you with a defense in court which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so drivers should carry high limits.

Discounts on 1995 Lincoln Mark VIII insurance

Companies that sell car insurance do not list all available discounts very well, so we break down both well-publicized and the more hidden discounts you could be receiving.

  • Service Members Pay Less – Being deployed with a military unit can result in better rates.
  • Early Signing – Some companies give discounts for buying a policy before your current expiration date. This can save 10% or more.
  • Drivers Ed for Students – Have your child successfully complete driver’s ed class in school.
  • Bundle and Save – If you have multiple policies with the same company you will save approximately 10% to 15%.
  • Government Employees – Active or retired federal employment can save as much as 8% for Mark VIII coverage depending on your company.
  • Drive Safe and Save – Safe drivers can pay as much as 50% less for Mark VIII coverage than their less cautious counterparts.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control can avoid accidents and earn discounts up to 10%.
  • Organization Discounts – Being a member of a civic or occupational organization may earn a discount on your policy for Mark VIII coverage.
  • Sign Online – Certain companies will discount your bill up to fifty bucks simply for signing digitally online.

A little note about advertised discounts, some credits don’t apply to the overall cost of the policy. The majority will only reduce individual premiums such as collision or personal injury protection. So when it seems like you would end up receiving a 100% discount, it doesn’t quite work that way.

To see a list of insurers with the best auto insurance discounts, follow this link.

Tailor your coverage to you

When it comes to choosing the right insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Every situation is different so this has to be addressed. These are some specific questions can aid in determining if your situation might need an agent’s assistance.

  • Does insurance cover tools stolen from my truck?
  • Should I drop comprehensive coverage on older vehicles?
  • Which companies will insure high-risk drivers?
  • Does my policy cover my teen driver if they drive my company car?
  • Should I have a commercial auto policy?
  • Do I have coverage when pulling a U-Haul trailer?

If you don’t know the answers to these questions then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area.

Car insurance coverage breakdown

Having a good grasp of a car insurance policy can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring. Listed below are typical coverage types found on most car insurance policies.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for dental work, nursing services and hospital visits. They are utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Lincoln Mark VIII.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Coverage for collisions

This coverage pays for damage to your Mark VIII resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as sustaining damage from a pot hole, crashing into a building, colliding with a tree and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also increase the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as theft, fire damage, a broken windshield, damage from flooding and damage from a tornado or hurricane. The most 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 probably time to drop comprehensive insurance.

Coverage for liability

Liability coverage can cover damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability can pay for things such as medical expenses, legal defense fees, attorney fees and emergency aid. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Spend less. Save more.

Cheap 1995 Lincoln Mark VIII insurance can be bought on the web in addition to many insurance agents, so you should compare both so you have a total pricing picture. Some insurance coverage companies do not provide you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.

While you’re price shopping online, you should never buy less coverage just to save a little money. In too many instances, an insured dropped collision coverage and found out when filing a claim they didn’t purchase enough coverage. Your goal should be to find the BEST coverage at a price you can afford.

Much more information about insurance coverage can be read at these links: