Perplexed by the wide range of insurance coverage choices? Many other drivers are as well. There are so many choices that it can be a challenge to locate the lowest price.
Companies offering auto insurance do not advertise every discount very clearly, so we took the time to find some of the more common and the harder-to-find ways to save on auto insurance.
Keep in mind that some credits don’t apply to the entire cost. Most only cut the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like adding up those discounts means a free policy, auto insurance companies aren’t that generous.
A partial list of companies who might offer these discounts may include but are not limited to:
Before buying, ask all companies you are considering which discounts you may be entitled to. Some discounts may not be available in your state.
Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for car insurance. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that could result in lower car insurance prices.
The list below includes a partial list of the pieces used by your company to calculate premiums.
When it comes to buying the best insurance coverage coverage for your vehicles, there isn’t really a perfect coverage plan. Everyone’s needs are different.
These are some specific questions can aid in determining whether your personal situation might need professional guidance.
If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.
Insurance companies such as Allstate, GEICO and Progressive consistently run ads on television and other media. They all seem to make the same claim that you can save if you change to their company. But how can every company claim to save you money? This is how they do it.
All companies are able to cherry pick for the right customer that makes them money. For example, a profitable customer could be over the age of 50, a clean driving record, and has a short commute. Any driver who matches those parameters will qualify for the lowest rates and as a result will probably cut their rates substantially.
Drivers who are not a match for this ideal profile must pay higher rates which leads to the driver buying from a lower-cost company. The ad wording is “drivers who switch” not “everyone that quotes” save that much money. That’s the way companies can advertise the savings. This illustrates why you should get as many comparisons as possible. It’s not possible to predict which insurance company will provide you with the cheapest Lincoln LS insurance rates.
Knowing the specifics of your policy can help you determine which coverages you need at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording.
Comprehensive auto insurance – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims such as damage from flooding, damage from a tornado or hurricane, hitting a deer and hitting a bird. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Coverage for medical expenses – Coverage for medical payments and/or PIP pay for expenses for doctor visits, X-ray expenses and pain medications. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay
Liability auto insurance – This protects you from damage or injury you incur to a person or their property. This insurance protects YOU from claims by other people. It does not cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage pays for claims like bail bonds, attorney fees and pain and suffering. How much coverage you buy is your choice, but you should buy as much as you can afford.
Collision coverage – Collision insurance covers damage to your LS resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.
Collision can pay for claims like crashing into a ditch, damaging your car on a curb, hitting a mailbox and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.
Coverage for uninsured or underinsured drivers – Your UM/UIM coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.
As you go through the steps to switch your coverage, never buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed uninsured motorist or liability limits only to regret they didn’t purchase enough coverage. The ultimate goal is to purchase a proper amount of coverage for the lowest price while still protecting your assets.
We just covered some good ideas how to compare 2003 Lincoln LS insurance prices online. It’s most important to understand that the more providers you compare, the higher your chance of finding lower rates. You may be surprised to find that the lowest rates come from an unexpected company.
Drivers leave their current company for a variety of reasons including delays in responding to claim requests, delays in paying claims, denial of a claim and being labeled a high risk driver. Whatever your reason, switching insurance coverage companies is less work than it seems.
More information can be found on the following sites: