Cheaper 2001 Lincoln LS Insurance Quotes

Searching for the cheapest insurance rates for your Lincoln LS? Are you sick and tired of being strong-armed to pay your insurance bill each month? You are no different than many other drivers. Online insurance companies like Geico, Progressive and Allstate increase brand awareness with catchy ads and it can be hard to see past the corporate glitz and do the work needed to find the best deal.

If you are insured now or are just looking to switch companies, you can use this information to cut your premiums while maintaining coverages. Choosing the best insurance company for you is not that difficult. Consumers just need to understand the most effective way to buy insurance coverage online.

Compare quotes for auto insurance

Finding more affordable auto insurance rates can be quick and easy. Consumers just need to spend a few minutes on the computer to compare free insurance quotes to discover which company has low cost insurance quotes. It is quite easy and can be accomplished by using one of the methods below.

  • If you’re in a hurry, the quickest way to get the best comparison quotes is an all-inclusive rate comparison like this one (opens in new window). This type of form keeps you from doing separate quotation requests for every prospective company. In just a few minutes this one form gets you price quotes from all major companies.
  • A more difficult way to analyze rates requires visiting each individual company website and fill out a new quote form. For instance, we’ll pretend you want to get rates from USAA, Progressive and Travelers. In order to get each rate, you would have to take the time to go to each site to enter the same coverage data repeatedly, which can take a lot of time.

    For a list of links to insurance companies in your area, click here.

  • The most difficult method to get price estimates is physically going to all the different insurance agencies. Quoting online has made agencies unnecessary unless your situation requires the personal advice of an agent trained in personal lines coverage. It is possible to find lower rates online but buy the policy through an agent.

However you get your quotes, double check that you are using nearly identical coverage limits for each quote you get. If you compare different values for each quote it will be next to impossible to make a fair rate comparison.

Discounts for cheap car insurance rates

Insurance can cost an arm and a leg, but companies offer discounts to help offset the cost. Most are applied at the time of purchase, but a few need to be specifically requested before they will apply.

  • No Accidents – Insureds who avoid accidents and claims have much lower rates as compared to accident-prone drivers.
  • Distant College Student Discount – Children who live away from home at college without a vehicle on campus may qualify for this discount.
  • Good Students Pay Less – Maintaining excellent grades can get you a discount of up to 25%. Many companies even apply the discount to college students up until you turn 25.
  • Save with More Vehicles Insured – Buying a policy with all your vehicles on one policy could earn a price break for each car.
  • Lower Rates for Military – Having a family member in the military could trigger a small discount.
  • Payment Discounts – By making one initial payment rather than paying in monthly installments you may have a lower total premium amount.

It’s important to note that most discounts do not apply to your bottom line cost. Some only reduce the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like having all the discounts means you get insurance for free, it just doesn’t work that way. But any discount will help reduce the amount you have to pay.

Companies that may offer quotes with these money-saving discounts are:

When comparing rates, check with all the companies how many discounts you can get. Some discounts may not apply to policies in your area. If you would like to see a list of providers with discount car insurance rates, click here.

Six factors that determine insurance costs

An important part of buying insurance is that you know some of the factors that aid in calculating the level of your policy premiums. When consumers understand what determines premiums, this allows you to make good choices that could result in cheaper rates.

Listed below are a partial list of the pieces used by insurance companies to determine prices.

  • Higher car insurance rates for specific vocations – Did you know your job can affect your rates? Occupations like real estate brokers, business owners and miners tend to pay the highest average rates because of high stress and long work hours. Other careers like farmers, students and homemakers generally pay rates lower than average for LS insurance.
  • Too many claims drive up rates – If you are the type of insured that files lots of claims you can look forward to either policy cancellation or increased premiums. Insurance companies provide the best rates to people who do not rely on their insurance for small claims. Insurance coverage is intended to be relied upon for claims that you cannot pay yourself.
  • Car insurance policy lapses lead to higher premiums – Driving your car without having proper coverage is not a good idea and companies may charge more for letting your insurance lapse for non-payment. And not only will your rates increase, getting caught without coverage could earn you fines or a revoked license.
  • Liability insurance claims can be big – Your policy’s liability coverage will provide protection if ever you are responsible for personal injury or accident damage. It provides legal defense coverage to attempt to prove you were not liable. It is affordable coverage as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.
  • Responsible credit equals lower costs – Having a bad credit score can be a huge factor in determining your rates. So if your credit is low, you could potentially save money when insuring your 2001 Lincoln LS if you clean up your credit. Drivers who have very high credit ratings tend to be more responsible as compared to drivers with lower credit ratings.
  • Insurance rates for married couples – Getting married helps lower the price when shopping for car insurance. Marriage demonstrates that you tend to be more mature and responsible and insurance companies reward insureds because drivers who are married are more cautious.

Tailor your insurance coverage coverage to you

When it comes to buying adequate coverage, there really is not a perfect coverage plan. Every situation is different so this has to be addressed. For instance, these questions might point out whether or not you might need an agent’s assistance.

  • I have good health insurance, so how much medical payments coverage do I need?
  • What companies insure drivers after a DUI or DWI?
  • Will my insurance pay for OEM parts?
  • Am I covered if I drive in a foreign country?
  • Do I need medical payments coverage since I have good health insurance?
  • Why am I required to buy liability insurance?
  • Do I get a pro-rated refund if I cancel my policy early?
  • What is high-risk coverage and where do I buy it?
  • Can I rate high risk drivers on liability-only vehicles?

If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Car insurance coverage information

Having a good grasp of insurance can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverages found on most insurance policies.

Coverage for medical expenses

Coverage for medical payments and/or PIP reimburse you for expenses for things like hospital visits, surgery and doctor visits. They are used to fill the gap from your health insurance policy or if you do not have health coverage. It covers both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This pays to fix your vehicle from damage from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as driving through your garage door, hitting a mailbox, damaging your car on a curb, rolling your car and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your 2001 Lincoln LS.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Liability insurance

Liability coverage will cover damage or injury you incur to people or other property by causing an accident. It protects you from legal claims by others. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability can pay for claims such as repair costs for stationary objects, legal defense fees, medical expenses, emergency aid and bail bonds. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible.

Comprehensive insurance

Comprehensive insurance will pay to fix 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 can pay for claims like rock chips in glass, a tree branch falling on your vehicle, falling objects and damage from a tornado or hurricane. The highest amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Pennies from heaven

As you restructure your insurance plan, it’s not a good idea to buy poor coverage just to save money. In many instances, an accident victim reduced uninsured motorist or liability limits only to regret at claim time that the small savings ended up costing them much more. Your goal is to buy the best coverage you can find at the lowest possible cost.

We covered some good ideas how you can lower your 2001 Lincoln LS insurance premium rates. The most important thing to understand is the more you quote insurance, the better your comparison will be. You may even discover the lowest premium rates are with a company that doesn’t do a lot of advertising. Smaller companies can often provide lower prices in certain areas as compared to the big name companies such as Allstate, Geico and Progressive.

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