Proven Techniques to Save on Lincoln Auto Insurance

Did you fall for a flashy sales pitch and buy high-priced auto insurance? Believe me when I say many Lincoln consumers feel financially strained by their auto insurance policy.

Because you have many insurance companies to choose from, it can be impossible to pick the cheapest insurance company.

How much can you save with discounts?

Companies that sell car insurance don't always advertise every discount very well, so we took the time to find some of the best known and the harder-to-find auto insurance savings.

  • Payment Method - If you pay your bill all at once instead of paying each month you can actually save on your bill.
  • Multiple Vehicles - Buying insurance for multiple vehicles on the same auto insurance policy qualifies for this discount.
  • No Charge for an Accident - Some insurance companies will allow you to have one accident before raising your premiums if your claims history is clear for a set time period.
  • Multiple Policy Discount - When you combine your home and auto insurance with one company you may save at least 10% off all policies.
  • Federal Government Employee - Being employed by or retired from a federal job could cut as much as 10% off with a few auto insurance companies.
  • Passive Restraints and Air Bags - Cars that have air bags and/or automatic seat belt systems can receive discounts of 20% or more.

As a disclaimer on discounts, most credits do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, auto insurance companies aren't that generous.

To see a list of insurance companies who offer auto insurance discounts in Massachusetts, follow this link.

compare Lincoln auto insurance rates

How to Compare Auto Insurance Quotes in Lincoln, Massachusetts

Effectively comparing auto insurance prices can take hours if you aren't aware of the best way to get rate quotes. You can waste a lot of time talking to local insurance agents in Lincoln, or you can stay home and use the web to get the quickest rates.

Many insurance companies participate in an industry program that allows shoppers to send in one quote, and each company provides a quote based on that information. This eliminates the need for quote forms for each company you want a rate for.

To submit your quote information now, click to open in new window.

One minor caviat to getting quotes like this is you don't know exactly which carriers to get quotes from. If you prefer to choose from a list of companies to receive pricing from, we put together a list of the cheapest auto insurance companies in Massachusetts. Click to view list.

Which method you use is up to you, but ensure you are comparing apples-to-apples quote information for every quote you compare. If the quotes have mixed coverages it will be very difficult to determine the best price in Lincoln. Just a small difference in coverages can make a big difference in price. Just remember that quoting more provides better odds of finding the best offered rates.

What determines how much you pay?

An important part of buying insurance is that you know some of the elements that help determine auto insurance rates. When you know what positively or negatively impacts premium levels allows you to make educated decisions that will entitle you to much lower annual insurance costs.

  • Your car's features help determine rates - Choosing a vehicle with anti-theft technology or alarm system can help lower your rates. Theft prevention features like GM's OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.
  • Liability coverage protects you - Liability coverage provides coverage when a jury decides you are liable for damages from an accident. It provides for a legal defense which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so buy as much as you can afford.
  • Women pay lower rates - Statistics demonstrate women tend to be less risk to insure than men. However, this does not mean women are better drivers. Both sexes have accidents in similar percentages, but the men have costlier accidents. Men also statistically get cited for more serious violations like reckless driving and DUI. Youthful male drivers tend to get in the most accidents and therefore have the most expensive auto insurance rates.
  • Bundling policies can get discounts - Many companies provide better rates to people who have multiple policies with them, otherwise known as a multi-policy discount. Even if you're getting this discount it's in your best interest to compare rates to make sure you are getting the best deal. You may still find a better deal by insuring with multiple companies.
  • Keep rates low by being claim-free - Companies in Massachusetts provide discounts to insureds who file claims infrequently. If you file claims often, you can expect either a policy non-renewal or much higher rates. Your insurance policy is intended to be relied upon for the large, substantial claims.
  • Better credit means lower rates - Having a bad credit history is a huge factor in calculating your auto insurance rates. If your credit is not that good, you could pay less to insure your by improving your rating. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers who have lower credit scores.

Save 15 percent in 15 minutes? Is it for real?

Auto insurance providers like State Farm, Allstate and GEICO continually stream television and radio advertisements. They all say the same thing about savings after switching to them. But how can every company say the same thing? This is how they do it.

Insurance companies are able to cherry pick for the type of driver that is profitable for them. For example, a driver they prefer might be profiled as over the age of 50, has no driving citations, and has great credit. A propective insured who fits that profile will get the preferred rates and is almost guaranteed to save a lot of money.

Potential customers who don't meet this ideal profile will be quoted higher prices which usually ends up with business not being written. The ads state "drivers who switch" but not "drivers who get quotes" save money. That's the way companies can truthfully advertise the savings. This emphasizes why drivers must get quotes from several different companies. It's not possible to predict which auto insurance company will give you the biggest savings.

Shop smart and save

Cheap auto insurance can be sourced on the web and with local Lincoln insurance agents, and you should be comparing both so you have a total pricing picture. There are still a few companies who do not offer the ability to get a quote online and these regional insurance providers work with independent agents.

As you prepare to switch companies, do not reduce coverage to reduce premium. There have been many situations where someone sacrificed physical damage coverage only to discover later that the small savings ended up costing them much more. The proper strategy is to get the best coverage possible for the lowest price while still protecting your assets.

Learn more about Massachusetts auto insurance

Even more information can be found at the Massachusetts Division of Insurance website. Massachusetts drivers can view a list of available companies, find out which companies have the most complaints, learn about insurance regulations, and read consumer alerts.

Additional helpful sites include this site for auto insurance rates in Massachusetts and this list of insurance agents in Lincoln, MA.