Lower Your 2008 Lincoln Mark LT Insurance Cost

Want cheaper insurance rates for your Lincoln Mark LT? No sane person rejoices having to buy insurance, particularly when it costs too dang much.

Companies like State Farm, Allstate, Geico and Progressive 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.

It’s a good habit to get comparison quotes on a regular basis because insurance rates change quite often. Despite the fact that you may have had the best premium rates on Mark LT coverage six months ago other companies may now be cheaper. Forget all the misinformation about insurance because you’re about to learn the only way to get good coverage at a lower rate.

Auto insurance discounts are available to cut your rates

Car insurance companies do not list their entire list of discounts in a way that’s easy to find, so here is a list a few of the more well known as well as the least known discounts that you may qualify for. If they aren’t giving you every credit possible, you could be saving more on your auto insurance.

  • Anti-theft System – Cars and trucks optioned with advanced anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
  • Senior Citizen Rates – Drivers over the age of 55 can possibly qualify for reduced rates on Mark LT coverage.
  • Switch and Save Discount – Some auto insurance companies provide a discount for switching companies prior to your current policy expiration. You could save around 10% when you buy insurance coverage online.
  • Good Grades Discount – Maintaining excellent grades can earn a discount of 20% or more. This discount can apply up to age 25.
  • Multiple Vehicles – Buying coverage for primary and secondary vehicles with the same auto insurance company can get a discount on all vehicles.
  • Discounts for New Vehicles – Insuring a vehicle that is new may earn a small discount because new vehicles keep occupants safer.
  • Professional Memberships – Affiliation with a civic or occupational organization could qualify you for a break on your bill.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems can get savings of more than 20%.

You should keep in mind that many deductions do not apply to the entire policy premium. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, that’s just not realistic.

A list of companies and a partial list of their discounts can be found below.

  • State Farm includes discounts for multiple policy, driver’s education, passive restraint, multiple autos, Steer Clear safe driver discount, and good driver.
  • Geico has discounts for driver training, federal employee, anti-lock brakes, seat belt use, defensive driver, military active duty, and five-year accident-free.
  • Liberty Mutual policyholders can earn discounts including new vehicle discount, multi-car, preferred payment discount, good student, and hybrid vehicle.
  • The Hartford offers discounts for vehicle fuel type, bundle, anti-theft, driver training, and defensive driver.
  • MetLife has savings for good student, multi-policy, good driver, claim-free, defensive driver, and accident-free.
  • Progressive may include discounts for good student, online signing, online quote discount, multi-vehicle, and continuous coverage.

If you need the cheapest insurance coverage quotes, ask every company which discounts can lower your rates. Savings may not be offered everywhere.

Everyone needs different insurance coverage coverages

When buying adequate coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s needs are different so your insurance should reflect that These are some specific questions can aid in determining whether or not you will benefit from professional help.

  • Is rental equipment covered for theft or damage?
  • How can I get my company to pay me more for my totalled car?
  • I have health insurance so do I need medical payments coverage?
  • Should I drop comprehensive coverage on older vehicles?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Am I covered when using my vehicle for business?
  • Is my 2008 Lincoln Mark LT covered for smoke damage?

If you can’t answer these questions but one or more may apply to you then you might want to talk 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.

Do you really save 40% when you switch?

Well-known insurance coverage companies like Progressive, Geico, Allstate and State Farm continually stream ads on TV and radio. All the companies advertise claims about saving some big amount after switching to them. How does every insurance coverage company save you money? It’s all in the wording.

Most companies have an ideal profile for the driver that is profitable for them. A good example of this type of insured may be between the ages of 30 and 45, has never had a claim, and drives less than 7,500 miles a year. Anyone who matches that profile gets the lowest premium rates and is almost guaranteed to save a lot if they switch.

Potential customers who are not a match for the requirements may be forced to pay higher prices and business not being written. The ads say “customers that switch” but not “all drivers who get quotes” save the amount stated. That’s the way companies can make those claims. Because of the profiling, you absolutely need to get insurance coverage quotes from several different companies. It is impossible to predict which insurance coverage company will have the lowest premium rates for your situation.

Specific coverages for a 2008 Lincoln Mark LT

Knowing the specifics of your insurance policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find the usual coverages found on most insurance policies.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for bills for things like pain medications, ambulance fees, EMT expenses and funeral costs. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Coverage for liability – This coverage provides protection from injuries or damage you cause to people or other property. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability can pay for claims like repair costs for stationary objects, medical services, bail bonds and court costs. How much liability should you purchase? That is up to you, but buy higher limits if possible.

Comprehensive insurance – This covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hitting a bird, damage from getting keyed, damage from flooding, damage from a tornado or hurricane and rock chips in glass. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and damage to your Lincoln Mark LT.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Collision coverage – This will pay to fix damage to your Mark LT resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as damaging your car on a curb, colliding with a tree, hitting a mailbox, sideswiping another vehicle and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Final considerations

We covered a lot of ways to reduce 2008 Lincoln Mark LT insurance premium rates online. The key thing to remember is the more rate comparisons you have, the better your comparison will be. Drivers may discover the biggest savings come from a lesser-known regional company. These companies may only write in your state and offer lower prices than the large multi-state companies such as Allstate and Progressive.

Lower-priced auto insurance can be bought from both online companies in addition to local insurance agencies, and you should be comparing both to have the best selection. A few companies do not provide the ability to get a quote online and most of the time these small insurance companies provide coverage only through independent agents.

For more information, take a look at the articles below: