Shoppers have many options when shopping for the best price on Lincoln LS insurance. You can either waste hours driving around to get rate comparisons or utilize the internet to find the lowest rates.
There is a right way and a wrong way to compare auto insurance rates and we’ll show you the absolute fastest way to compare rates for your Lincoln and obtain the cheapest rates.
It’s a great practice to compare rates before your policy renews due to the fact that insurance rates are adjusted regularly by insurance companies. Just because you found the best deal on LS insurance last year you may be paying too much now. So ignore everything you know about auto insurance because it’s time to teach you the best methods to save on auto insurance.
Low Cost Auto Insurance
When shopping for auto insurance there are multiple ways to compare rate quotes from different insurance companies. The recommended way to find competitive Lincoln LS insurance rates is to get quotes online. It is quite easy and can be accomplished in a couple of different ways.
- The most efficient way to compare a lot of rates at once is a comparison rater form click here to open form in new window. This form prevents you from having to do boring form submissions for each company. Taking the time to complete one form gets you price quotes from all major companies. This is by far the quickest method.
- A more difficult way to analyze rates requires a trip to the website of each company and request a quote. For examples sake, let’s say you want comparison quotes from Liberty Mutual, Progressive and Allstate. You would have to visit each site to input your insurance information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.
- The least recommended way of getting rate comparisons is driving around to different agent offices. The ability to buy insurance online has reduced the need for local agents unless you prefer the trained guidance of a local agent. You can, however, comparison shop online but still have the advice of a local agent and you’ll learn how to do that later.
Which method you use is up to you, but make absolute certain that you use apples-to-apples coverages with every price quote. If each company quotes different deductibles it will be impossible to determine the lowest rate for your Lincoln LS. Just a small difference in coverage limits may result in a large different in cost. And when quoting auto insurance, remember that getting more free quotes helps locate the best offered rates.
Discounts can save BIG
Car insurance is not cheap, but you may find discounts to help offset the cost. Some trigger automatically at the time of purchase, but some may not be applied and must be specially asked for prior to getting the savings.
- Braking Control Discount – Vehicles with anti-lock braking systems prevent accidents and will save you 10% or more.
- E-sign – Certain companies will give a small break for buying your policy digitally online.
- Good Students Pay Less – Getting good grades can save 20 to 25%. Earning this discount can benefit you well after school through age 25.
- Seat Belts Save – Using a seat belt and requiring all passengers to use their safety belts can save up to 15% off your medical payments premium.
- Life Insurance – Larger companies have a break if you buy a life insurance policy as well.
- Discounts for Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less on LS insurance than less cautious drivers.
- Student in College – Children living away from home attending college and don’t have a car may be able to be covered for less.
- Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10%.
As a disclaimer on discounts, most of the big mark downs will not be given to the overall cost of the policy. Some only apply to the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears all the discounts add up to a free policy, companies don’t profit that way. But all discounts will reduce your premiums.
To see a list of providers offering auto insurance discounts, click this link.
Don’t I need to talk to an agent?
Some consumers just want to sit down with an agent and that is just fine! One of the best bonuses of comparing insurance prices online is that you can obtain better rates and still have an agent to talk to. And supporting small agencies is definitely important if you live in a smaller city or town.
Upon completion of this short form, your information gets sent to insurance agents who will return price quotes for your insurance coverage. You won’t need to leave your house because quoted prices will be sent to the email address you provide. It doesn’t get any easier! You’ll get the best rates and an insurance agent to talk to.
The different types of insurance agents
When looking for a local agent, you must know there are a couple types of insurance agents that you can select. Agencies are classified as either captive or independent.
Independent Agents (or Brokers)
These agents are not locked into one company but instead can place your coverage with any number of different companies enabling the ability to shop coverage around. If your agent finds better pricing, your agent can switch companies and that require little work on your part. When comparing rates, we recommend you contact several independent insurance agents to get the best comparison.Many can place coverage with lesser-known insurance companies which can be an advantage.
Captive Insurance Agents
Captive insurance agents write business for a single company such as American Family, State Farm and Allstate. They are unable to give you multiple price quotes so always compare other rates. Captives are well schooled on the products they sell and that can be a competitive advantage. Consumers often buy from captive agents primarily because of the prominence of the brand and the convenience of having a single billing for all their coverages.
To view a complete directory of auto insurance agents, click here.
Choosing an insurance agent shouldn’t rely on just a low price. Some important questions to ask are:
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- What will you get paid if your car is a total loss? How is that amount determined?
- Is the agency involved in supporting local community causes?
- Do they carry Errors and Omissions coverage?
- Are they full-time agents?
- Can they provide you with a list of referrals?
After receiving satisfactory answers to these questions and an affordable coverage quote, it’s possible that you found a car insurance agent that will properly service your auto insurance policy.
Why you might be paying too much to insure your Lincoln LS
An important part of buying insurance is that you know the different types of things that come into play when calculating your auto insurance rates. Knowing what controls the rates you pay allows you to make educated decisions that will entitle you to better auto insurance rates.
The list below includes some of the factors companies use to determine prices.
- More people means more accidents – Choosing to live in small towns and rural areas has it’s advantages when insuring your vehicles. Fewer people means a lower chance of having an accident and a lower car theft rate. Drivers in populated areas regularly have congested traffic and much longer commute distances. Higher commute times means more change of being in an accident.
- Sex matters – Statistics demonstrate women tend to be less risk to insure than men. However, this does not mean men are worse drivers. Men and women cause accidents at about the same rate, but the males have costlier accidents. They also receive more costly citations like DUI and reckless driving. Teenage male drivers are the most expensive to insure and therefore are the most expensive to insure.
- Performance makes a difference – The make and model of the car you are insuring makes a significant difference in determining your rates. The most favorable rates are usually for small economy passenger cars, but there are many factors that impact the final cost. Since the Lincoln LS is considered a luxury sedan, insurance will be more as compared to the average rate.
- High deductibles save money – Physical damage coverage, also known as collision and other-than-collision, protects your Lincoln from damage. A few examples of covered claims could be running into the backend of another car, collision with an animal, and rolling your vehicle. Your deductibles are the amount of money you are required to spend out-of-pocket in the event of a claim. The higher the amount you have to pay, the lower your rates will be on LS insurance.
- Discounts for multiple policies – The majority of insurers provide better rates to people who consolidate policies with them. It’s known as a multi-policy discount. Discounts can add up to five, ten or even twenty percent. If you currently are using one company, you may still want to compare other company rates to ensure the best deal. Consumers may find a better deal by buying auto insurance from a different company.
The auto insurance bait and switch
Auto insurance companies such as State Farm and Allstate continually stream ads on TV and radio. They all seem to have a common claim of big savings after switching your policy. But how can every company say the same thing?
Insurance companies can use profiling for the right customer that earns them a profit. An example of a profitable customer might be profiled as a mature driver, insures multiple vehicles, and has a high credit rating. A customer that hits that “sweet spot” is entitled to the best price and is almost guaranteed to pay quite a bit less when switching companies.
Consumers who don’t measure up to these standards will be quoted a higher premium and ends up with business going elsewhere. The ad wording is “drivers who switch” not “people who quote” save money. That is how companies can advertise the savings.
This emphasizes why drivers should get quotes from several different companies. Because you never know which company will provide you with the cheapest rates.
One last thing about your coverage
We covered a lot of ways to shop for Lincoln LS insurance online. The most important thing to understand is the more times you quote, the better your chances of lowering your rates. You may even find the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising.
As you shop your coverage around, do not buy less coverage just to save a little money. There are many occasions where consumers will sacrifice comprehensive coverage or liability limits only to find out they didn’t purchase enough coverage. The ultimate goal is to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.
Cheap Lincoln LS insurance is possible online and also from your neighborhood agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some auto insurance companies may not provide you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.
