I really doubt anyone loves paying for insurance, particularly when they could get a better deal. Multiple car insurance companies compete for your business, and because of this it can be hard to compare insurers to discover the definitive best price available.
Finding a better price on insurance doesn’t have to be difficult. All that’s required is to take a few minutes to get quotes online from several insurance companies. This can easily be done in several different ways.
The method you choose is up to you, but make sure you compare apples-to-apples coverage limits for every company. If your comparisons have mixed coverages you can’t possibly determine the best price for your Lincoln Town Car.
Some providers do not list their entire list of discounts very clearly, so the next list breaks down a few of the more common in addition to some of the lesser obvious discounts that may be available.
As a footnote on discounts, most credits do not apply the the whole policy. Most cut the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like you would end up receiving a 100% discount, car insurance companies aren’t that generous.
For a list of insurers with significant discounts, click this link.
When choosing the best car insurance coverage, there isn’t really a “perfect” insurance plan. Each situation is unique and your policy should reflect that. Here are some questions about coverages that may help you determine if your insurance needs could use an agent’s help.
If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.
Having a good grasp of a insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages found on most insurance policies.
Liability insurance
Liability coverage provides protection from damages or injuries you inflict on a person or their property in an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.
Liability can pay for things such as repair bills for other people’s vehicles, bail bonds, court costs and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Med pay and Personal Injury Protection (PIP)
Coverage for medical payments and/or PIP provide coverage for expenses for things like prosthetic devices, EMT expenses and surgery. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible
Comprehensive insurance
Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. 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 a tornado or hurricane, a broken windshield and hail damage. The most your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Collision coverage protection
Collision insurance will pay to fix damage to your Town Car resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision can pay for claims such as crashing into a ditch, hitting a parking meter, damaging your car on a curb and rolling your car. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to increase the deductible to save money on collision insurance.