How Much Does 2003 Lincoln LS Insurance Cost?

Want better auto insurance rates for your Lincoln LS? Finding budget auto insurance may at first seem to be overwhelming for vehicle owners that are not comfortable with quoting and comparison shopping over the internet. With so many agents and companies competing online, how are vehicle owners expected to have the ability to compare every company to locate better prices?

Don’t overlook these auto insurance discounts

Auto insurance is not cheap nor is it fun to buy but you might find some hidden discounts to help offset the cost. Many discounts should be triggered at the time of quoting, but a few need to be asked for in order for you to get them.

  • Pay Early and Save – By making one initial payment rather than paying in monthly installments you could save 5% or more.
  • Discount for New Cars – Buying a new car instead of a used car can cost up to 25% less because new model year vehicles are generally safer.
  • Early Switch Discount – Some auto insurance companies provide a discount for switching to them prior to the expiration date on your current policy. It’s a savings of about 10%.
  • Good Students Pay Less – Excelling in school can be rewarded with saving of up to 25%. Most companies allow this discount up until you turn 25.
  • Drive Safe and Save – Drivers who don’t get into accidents can pay as much as 50% less for LS coverage as compared to drivers with claims.
  • Lower Rates for Military – Being on active deployment in the military could mean lower premium rates.
  • College Student Discount – Any of your kids who are attending college without a vehicle on campus may qualify for this discount.
  • Bundled Policy Discount – When you combine your homeowners and auto insurance and insure them with the same company you could get a discount of up to 20% and get you cheap car insurance.
  • Sign Online – A few larger companies will provide an incentive for buying your policy over the internet.
  • Senior Discount – Drivers over the age of 55 may receive a discount up to 10% for LS coverage.

Discounts lower rates, but some credits don’t apply to your bottom line cost. A few only apply to individual premiums such as physical damage coverage or medical payments. So even though they make it sound like you could get a free auto insurance policy, it just doesn’t work that way.

To choose auto insurance companies with discount auto insurance rates, follow this link.

Which auto insurance is cheapest?

Most companies allow you to get insurance quotes direct online. Getting quotes is quite simple because you just enter the coverages you want on the page. When the form is submitted, the quote system automatically orders reports for credit and driving violations and returns pricing information.

Online price estimates makes it easy to compare insurance prices but the work required to visit a lot of sites and fill out multiple forms is not the best way to spend an afternoon. But it’s absolutely necessary to have as many quotes as possible if you are searching for lower prices.

Compare rates the easy way

A quicker way to compare rates uses one form that gets prices from a bunch of companies at once. This type of form saves time, requires less work, and makes price shopping online much more enjoyable and efficient. Immediately after you send the form, it is rated and you can select your choice of the pricing results.

If the quotes result in lower rates, it’s easy to complete the application and purchase the new policy. This process can be completed in less than 10 minutes and you will find out if you’re overpaying now.

To save time and compare rates using this form now, click here and fill out the form. If you currently have coverage, we recommend you enter the coverages just like they are on your policy. This helps ensure you’re receiving a price comparison for similar coverage.

Why you might pay lower rates

Many different elements are used in the calculation when you get your auto insurance bill. Some of the criteria are obvious such as your driving record, although some other factors are more obscure such as whether you are married and annual miles driven.A large part of saving on car insurance is knowing the factors that go into determining your policy premiums. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that could help you find much lower annual insurance costs.

  • Do you save by driving less? – The more you drive your Lincoln each year the higher your rates will be. The majority of insurers calculate prices based on how the vehicle is used. Vehicles that are left in the garage receive lower rates than vehicles that are driven to work every day. An incorrectly rated LS may be wasting your money. It’s a good idea to make sure your car insurance coverage shows the correct usage.
  • Buy a safe car and pay less – Cars with high safety ratings tend to have lower insurance rates. Vehicles engineered for safety reduce the chance of injuries and reduced instances of injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If the Lincoln LS scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Do you qualify for a multi-policy discount? – Most major insurance companies will award lower prices to policyholders that purchase more than one policy, otherwise known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even if you already get this discount, consumers should still compare other company rates to ensure the best deal. It’s possible to still find a better deal even if you insure with multiple companies
  • Know your credit rating – An insured’s credit rating will be a significant factor in your rate calculation. Insureds that have good credit tend to file fewer claims and have better driving records than those with worse credit. If your credit history could use some work, you could save money insuring your 2003 Lincoln LS if you improve your credit rating.
  • Higher coverage deductibles are cheaper – Physical damage insurance, also called ‘full coverage’, protects your Lincoln from damage. Some coverage claims are collision with another vehicle, collision with an animal, and having your car stolen. The deductibles are the amount of money you are willing to pay if the claim is covered. The larger the amount the insured has to pay upfront, the bigger discount you will receive for LS coverage.
  • Liability coverage safeguards assets – Liability coverage will protect you in the event that you are determined to be liable for an accident. Liability provides for a legal defense which can be incredibly expensive. This coverage is very inexpensive compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.

When to get professional advice

When choosing adequate coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s situation is unique.

For example, these questions can help discover whether you could use an agent’s help.

  • Does my policy cover my teen driver if they drive my company car?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Does coverage extend to a rental car in a foreign country?
  • Does having multiple vehicles earn me a discount?
  • How high should my uninsured/underinsured coverage be in my state?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I have coverage if my license is suspended?
  • What if I don’t agree with a claim settlement offer?
  • Is a blown tire covered by insurance?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form.

But the ad said I’d save 15% in 15 minutes!

Companies like Allstate, GEICO and Progressive continually stream television and radio advertisements. They all try to convey promises that drivers can save some big amount if you get a free car insurance quote and switch to their company. How do they all have lower policy pricing? This is the trick they use.

All the different companies have specific criteria for the type of customer they prefer to insure. For example, a profitable risk profile might be described as between the ages of 40 and 55, has had continuous coverage, and drives a safe vehicle. Any driver that hits that “sweet spot” receives the best car insurance rates and is almost guaranteed to save quite a bit of money when switching.

Consumers who are not a match for this stringent profile will probably have to pay a more expensive rate and ends up with the customer buying from a different company. The wording the ads use say “drivers that switch” but not “everyone who gets a quote” save money. That is how companies can state the savings.

This really illustrates why you really should compare price quotes frequently. It is just not possible to predict which auto insurance company will fit you best based on your risk profile.

Insurance coverage basics

Learning about specific coverages of your insurance policy aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be impossible to understand and reading a policy is terribly boring.

Liability car insurance

Liability insurance protects you from damage that occurs to other’s property or people by causing an accident. It protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Another option is a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as repair bills for other people’s vehicles, medical expenses, funeral expenses and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for expenses for doctor visits, EMT expenses, surgery, X-ray expenses and funeral costs. They can be used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like rock chips in glass, hitting a deer, damage from getting keyed, theft and a broken windshield. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for collisions

Collision coverage covers damage to your LS resulting from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as crashing into a building, hitting a parking meter and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Usually these coverages are identical to your policy’s liability coverage.

A fool and his money are soon parted

Insureds change insurance companies for a variety of reasons including denial of a claim, lack of trust in their agent, high prices and high rates after DUI convictions. Regardless of your reason, finding the right insurance provider can be pretty painless.

Some insurance companies may not offer rates over the internet and most of the time these regional carriers sell through local independent agents. Budget-conscious 2003 Lincoln LS insurance is definitely available both online in addition to local insurance agencies, so you should be comparing quotes from both to get a complete price analysis.

When shopping online for insurance, you should never skimp on critical coverages to save a buck or two. Too many times, an insured dropped full coverage only to discover later that it was a big error on their part. Your goal should be to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.

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