Save on 1998 Lincoln Mark VIII Insurance Cost

High-priced Lincoln Mark VIII insurance can sap your savings and force you to prioritize other expenses. Comparing rate quotes is free, only takes a few minutes, and is a good way to tighten up your finances.

Big companies like State Farm and GEICO all claim big savings, bombarding you with fancy advertisements and consumers find it hard to see through the deception and do the work needed to find the best deal.

How to shop car insurance online

Lowering your 1998 Lincoln Mark VIII car insurance rates is not a difficult process. All you need to do is spend a little time comparing rate quotes to find. You can get a good selection of rate quotes in a couple of different ways.

  • Experts agree that the best way to compare a lot of rates at once is to use a rate comparison form click here to open form in new window. This form prevents you from having to do boring form submissions for every car insurance company. Filling out one form will return quotes from many national carriers.
  • A different way to find better pricing requires a visit to each individual company website and complete a new quote form. For example, we’ll pretend you want rates from Auto-Owners, Farmers and State Farm. You would need to go to each individual site to input your insurance information, which is why first method is reommended. For a list of links to companies insuring cars in your area, click here.

Whichever way you use, make sure you compare identical information for each quote you get. If your comparisons have different values for each quote it will be nearly impossible to decipher which rate is best.

Discounts for cheaper car insurance quotes

Car insurance is expensive, but you may qualify for discounts that could help you make your next renewal payment. Some discounts apply automatically when you quote, but a few must be inquired about prior to getting the savings.

  • Homeowners Pay Less – Being a homeowner may trigger a policy discount on car insurance since owning and maintaining a home means you have a higher level of financial diligence.
  • Savings for New Vehicles – Adding a new car to your policy can save you some money since newer models have better safety ratings.
  • Claim-Free Discount – Drivers who stay claim-free pay less compared to policyholders that have many claims.
  • E-sign – Certain insurance companies give back up to $50 for buying your policy on the web.
  • ABS and Traction Control Discounts – Cars that have anti-lock braking systems can reduce accidents and earn discounts up to 10%.
  • Driving Data Discount – People who choose to allow their car insurance company to scrutinize where and when they drive by using a telematic data system such as State Farm’s In-Drive could possibly reduce rates if they show good driving skills.
  • Responsible Driver Discount – Accident-free drivers may save up to 50% more on Mark VIII insurance as compared to drivers with claims.
  • Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to fasten their seat belts could save 15% off the medical payments premium.
  • Discounts for Multiple Vehicles – Insuring primary and secondary vehicles on one policy qualifies for this discount.
  • Switch and Save Discount – Some larger companies give discounts for buying a new policy before your current policy expires. The savings is around 10%.

Policy discounts save money, but many deductions do not apply the the whole policy. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.

Popular car insurance companies and the discounts they provide are shown below.

  • Farm Bureau may offer discounts for youthful driver, multi-policy, renewal discount, good student, safe driver, driver training, and 55 and retired.
  • State Farm may include discounts for multiple autos, defensive driving training, driver’s education, anti-theft, good student, and safe vehicle.
  • Progressive has savings for online signing, homeowner, good student, multi-vehicle, continuous coverage, online quote discount, and multi-policy.
  • Allstate has discounts for multi-policy, teenSMART discount, premier discount, EZ pay plan discount, anti-theft, and new car.
  • Nationwide policyholders can earn discounts including business or organization, family plan, defensive driving, good student, anti-theft, multi-policy, and easy pay.
  • MetLife discounts include claim-free, good driver, defensive driver, accident-free, multi-policy, and good student.

If you are trying to find low cost insurance quotes, ask every company which discounts can lower your rates. Depending on the company, some discounts might not be offered in your area. To find companies that have a full spectrum of discounts, follow this link.

You may need specialized insurance coverage

When choosing the right insurance coverage, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions might point out whether or not you might need professional guidance.

  • Does my 1998 Lincoln Mark VIII need full coverage?
  • Where can I find high-risk insurance?
  • What if I don’t agree with a claim settlement offer?
  • What can I do if my company denied a claim?
  • Do I get a pro-rated refund if I cancel my policy early?
  • How high should my medical payments coverage be?
  • Should I put collision coverage on all my vehicles?

If you don’t know the answers to these 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’s fast, doesn’t cost anything and can provide invaluable advice.

Get cheap insurance prices by understanding these factors

Many factors are part of the equation when premium rates are determined. A few of the factors are predictable like a motor vehicle report, although others are less apparent like your vehicle usage or how financially stable you are.Smart consumers have a good feel for the rating factors that help determine the rates you pay for insurance. When consumers understand what influences your rates, this allows you to make educated decisions that could help you find lower premium levels.

  • Save money with high credit – Your credit history factor in determining your rates. Drivers who have very good credit scores tend to be more responsible as compared to drivers with bad credit. If your credit rating could use some work, you may save money insuring your 1998 Lincoln Mark VIII by improving your rating.
  • Your gender affects rates – Statistics have proven that females take fewer risks when driving. The data does not necessarily mean that females are better drivers. Both sexes cause fender benders in similar percentages, but the men get into accidents with more damage. Men also tend to receive more major tickets like DUI and reckless driving. Youthful male drivers generally have the highest accident percentage and therefore are the most expensive to insure.
  • Limits of liability insurance – Your policy’s liability coverage will provide protection in the event that a jury decides you are liable for an accident. Your policy’s liability insurance provides legal defense which can cost a lot. It is affordable coverage compared to insuring for physical damage coverage, so do not cut corners here.
  • What’s your car’s safety rating? – Safer cars get lower rates. These vehicles reduce occupant injuries and better occupant protection means less claims paid and thus lower rates. If your Lincoln scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • Never let your insurance policy lapse – Driving without insurance can get you a ticket and as a result your rates will increase for letting your insurance coverage expire. Not only will you pay more, the inability to provide proof of insurance could result in fines or a revoked license.
  • More traffic means higher claims – Having an address in small towns and rural areas is a positive aspect when shopping for auto insurance. City drivers regularly have more traffic problems and higher rates of accident claims. Lower population means fewer accidents and lower theft and vandalism rates.

Coverages available on your policy

Learning about specific coverages of insurance aids in choosing the best coverages and proper limits and deductibles. Insurance terms can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverage types offered by insurance companies.

Liability insurance

Liability insurance will cover damages or injuries you inflict on people or other property. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers things such as repair bills for other people’s vehicles, emergency aid, medical expenses, bail bonds and pain and suffering. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive protection

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like a tree branch falling on your vehicle, a broken windshield, damage from getting keyed and damage from flooding. The maximum payout your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision coverage protection

This pays to fix your vehicle from damage from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like crashing into a ditch, rolling your car, sideswiping another vehicle, damaging your car on a curb and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these limits are set the same as your liablity limits.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as X-ray expenses, EMT expenses and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and will also cover getting struck while a pedestrian. PIP is not available in all states and may carry a deductible

Smart shoppers get results

As you restructure your insurance plan, do not buy poor coverage just to save money. There have been many cases where consumers will sacrifice full coverage to discover at claim time they didn’t purchase enough coverage. The goal is to purchase plenty of coverage for the lowest price while still protecting your assets.

We just presented a lot of ways to compare 1998 Lincoln Mark VIII insurance prices online. It’s most important to understand that the more rate quotes you have, the better your comparison will be. Consumers could even find that the best prices are with a company that doesn’t do a lot of advertising. These companies can often insure niche markets at a lower cost compared to the large companies like State Farm, GEICO and Nationwide.

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