5 Ways to Save on Lincoln Mark VII Insurance

Nobody I know enjoys paying for car insurance, especially when their premiums are too high.

Because there are so many choices, it can be challenging to locate the lowest price car insurance company.

It’s smart to shop coverage around quite often since rates tend to go up over time. Despite the fact that you may have had the lowest price on Mark VII coverage a couple years back a different company probably has better rates today. There is a lot of bad advice regarding car insurance on the web, but by reading this article, you’re going to learn some of the best ways to find cheap car insurance.

Are you getting all your discounts?

Car insurance companies do not list every available discount very well, so we took the time to find both the well known and the more hidden car insurance savings.

• Anti-theft System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
• Multiple Vehicles – Buying coverage for multiple vehicles with the same company can get a discount on all vehicles.
• Fewer Miles Equal More Savings – Keeping the miles down on your Lincoln could be rewarded with lower rates on the low mileage vehicles.
• Discounts for Safe Drivers – Insureds without accidents may receive a discount up to 45% less on Mark VII coverage than drivers with accidents.
• Multiple Policy Discount – If you insure your home and vehicles with one company you may save up to 20% off your total premium.

A little note about advertised discounts, most discounts do not apply to the entire cost. Some only reduce individual premiums such as liability, collision or medical payments. Just because you may think all the discounts add up to a free policy, companies don’t profit that way.

To choose insurers offering car insurance discounts, follow this link.

Automobile Insurance Quotes

To find the best car insurance prices, there are several ways of comparing rate quotes from different insurance companies. One of the best ways to compare insurance prices is to perform an online rate comparison. This can be accomplished in several different ways.

1. One of the best ways consumers can make multiple comparisons would be an industry-wide quote request form click to view form in new window. This type of form prevents you from having to do separate forms for each company. One form gets rate comparisons direct from many companies.
2. A different way to analyze rates consists of visiting each company’s website to request a price quote. For examples sake, we’ll pretend you want to compare Allstate, Esurance and Liberty Mutual. To get each rate you have to take the time to go to each site to enter your coverage information, which is why most consumers use the first method.

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

Whichever method you choose, ensure you’re using identical coverage limits and deductibles for every company. If you compare higher or lower deductibles it will be impossible to determine the lowest rate for your Lincoln Mark VII. Just a small difference in coverages can result in a big premium difference. It’s important to know that comparing more company’s prices helps you find the best offered rates.

The coverage is in the details

Understanding the coverages of your policy helps when choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement. These are the normal coverages available from car insurance companies.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like dental work, surgery and hospital visits. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Comprehensive car insurance – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like fire damage, a tree branch falling on your vehicle and damage from a tornado or hurricane. The highest amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto liability insurance – Liability coverage can cover damage or injury you incur to a person or their property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims like emergency aid, court costs, bail bonds, repair bills for other people’s vehicles and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible.

Collision coverages – Collision insurance covers damage to your Mark VII 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 coverage pays for claims such as crashing into a building, backing into a parked car, crashing into a ditch, sustaining damage from a pot hole and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.

Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Lincoln Mark VII.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Compare but don’t skimp

Budget-conscious Lincoln Mark VII insurance can be sourced from both online companies in addition to many insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some companies do not provide online quoting and many times these small insurance companies only sell through independent insurance agents.

When you buy insurance online, don’t be tempted to buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice liability limits or collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to purchase plenty of coverage at a price you can afford.