Cheap 1997 Lincoln Mark VIII Insurance Cost

Did a good deal turn into an overpriced car insurance policy? You’re in good company because you’re not the only one.

Insurance companies such as Geico, Progressive and Allstate promote their brand names with TV and radio ads and consumers find it hard to ignore the promise of big savings and take the time to shop coverage around.

You should make it a habit to compare premium rates on a regular basis because car insurance rates change quite often. Just because you found the best rate on Mark VIII insurance on your last policy there may be better deals available now. You’ll find quite a bit of inaccurate information about car insurance on the web, but we’re going to give you some proven techniques to find cheap car insurance.

If you have car insurance now, you should be able to lower your premiums substantially using these techniques. Finding affordable coverage is not rocket science. But drivers benefit from understanding how big insurance companies price online insurance and use this information to your advantage.

Drivers can save with these discounts

Car insurance is not cheap, but you might be missing out on some discounts that can dramatically reduce your bill. A few discounts will be applied at the time of purchase, but some discounts are required to be asked for prior to receiving the credit. If you check and find you aren’t receiving every discount available, you are not getting the best rate possible.

  • New Vehicle Savings – Insuring a new car can save up to 30% due to better safety requirements for new vehicles.
  • Telematics Data Discounts – Insureds that choose to allow their company to study vehicle usage remotely like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if they show good driving skills.
  • Defensive Driver – Participating in a course in safe driver could possibly earn you a 5% discount if you qualify.
  • Discount for Good Grades – Maintaining excellent grades can be rewarded with saving of up to 25%. You can use this discount normally up to age 25.
  • E-sign – Certain insurance companies will give you a small discount for signing up over the internet.
  • Driver Education Discount – Make teen driver coverage more affordable by requiring them to take driver’s ed class as it will make them better drivers and lower rates.
  • Active Military Service – Being on active deployment in the military could trigger a small discount.

Don’t be shocked that most of the big mark downs will not be given the the whole policy. Most only reduce specific coverage prices like liability and collision coverage. So even though you would think having all the discounts means you get insurance for free, it doesn’t quite work that way.

A few popular companies and their offered discounts include:

  • Progressive policyholders can earn discounts including continuous coverage, multi-policy, good student, homeowner, and multi-vehicle.
  • SAFECO may include discounts for safe driver, teen safe driver, multi-car, homeowner, teen safety rewards, anti-lock brakes, and anti-theft.
  • American Family may offer discounts for good driver, bundled insurance, defensive driver, accident-free, and early bird.
  • MetLife offers discounts including defensive driver, good driver, accident-free, good student, multi-policy, claim-free
  • Geico may have discounts that include defensive driver, membership and employees, air bags, good student, anti-lock brakes, daytime running lights, and federal employee.
  • The Hartford has savings for good student, defensive driver, anti-theft, driver training, bundle, and vehicle fuel type.

Double check with all the companies which discounts you may be entitled to. All car insurance discounts may not be offered in every state.

How to lower your insurance prices

Many different elements are part of the equation when you get your auto insurance bill. Some factors are common sense like an MVR report, although others are not as apparent like where you live and annual miles driven.An important part of buying insurance is that you know the factors that go into determining your policy premiums. If you know what influences your rates, this helps enable you to make changes that will entitle you to cheaper rates.

The following are a partial list of the pieces used by companies to determine your premiums.

  • Gender and insurance coverage – Statistics show that women are safer drivers than men. That doesn’t necessarily mean that women are better drivers. Females and males cause auto accidents at about the same rate, but the men cause more damage. Men also get more serious tickets like driving under the influence (DUI).
  • Gaps in coverage mean higher premiums – Letting your insurance expire will be a fast way to drive up your policy premiums. In addition to paying higher rates, getting caught without coverage can result in a hefty fine and possibly a revoked license. You may then be required to submit proof of financial responsibility or a SR-22 with your state department of motor vehicles.
  • Do you know you’re credit rating? – A driver’s credit history can be an important factor in determining what you pay for car insurance. Drivers who have excellent credit tend to be more responsible than drivers with bad credit. If your credit rating is not that good, you could be paying less to insure your 1997 Lincoln Mark VIII if you improve your credit rating.
  • Claim-free discounts can add up – If you file a lot of claims you should expect higher rates. Car insurance companies give better rates to people who do not file claims often. Your car insurance is intended for the bigger claims that can’t be paid out-of-pocket.
  • Lower rates for safer vehicles – Cars with high safety ratings cost less to insure. Safe vehicles have better occupant injury protection and lower rates of occupant injuries means lower claim amounts which can result in lower premiums. If your Lincoln scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.

Special considerations

When choosing the right insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions may help you determine whether your personal situation would benefit from professional advice.

  • When would I need additional glass coverage?
  • What if I don’t agree with a claim settlement offer?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Does coverage extend to Mexico or Canada?
  • What are the best liability limits?
  • How much liability coverage do I need in my state?
  • Exactly who is provided coverage by my policy?
  • Why am I required to buy liability insurance?
  • Is a fancy paint job covered?

If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier

Specifics of your car insurance policy

Having a good grasp of a car insurance policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverages offered by car insurance companies.

Comprehensive insurance

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like damage from flooding, hitting a deer and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability insurance

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

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for claims such as medical expenses, repair costs for stationary objects, pain and suffering and medical services. How much liability should you purchase? That is your choice, but consider buying as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for immediate expenses like funeral costs, hospital visits, X-ray expenses, chiropractic care and nursing services. They can be used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover 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 universally available and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for injuries to you and your family 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. So UM/UIM coverage is a good idea.

Collision coverage

This coverage will pay to fix damage to your Mark VIII caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as colliding with another moving vehicle, crashing into a building, scraping a guard rail, hitting a mailbox and rolling your car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.

A little work can save a LOT of money

When trying to cut insurance costs, you should never reduce needed coverages to save money. In many cases, someone sacrificed full coverage and found out when filing a claim they didn’t purchase enough coverage. Your goal should be to buy enough coverage for the lowest price.

Cost effective 1997 Lincoln Mark VIII insurance is attainable from both online companies and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. Some insurance providers do not offer the ability to get quotes online and these smaller providers only sell coverage through independent insurance agencies.

To learn more, link through to the following helpful articles: