Are you intimidated by the sheer number of insurance coverage company choices? You’re not alone. Consumers have so many companies to choose from that it can quickly become more work than you anticipated to find the best price.
You should make it a habit to shop coverage around occasionally because rates are constantly changing. Even if you got the best deal on LS insurance on your last policy a different company probably has better rates today. Ignore everything you know about insurance coverage because you’re about to find out the fastest and easiest way to buy cheaper insurance coverage.
There are several ways to compare rate quotes from insurance coverage companies in your area. The simplest method to find the cheapest 2000 Lincoln LS insurance rates is to use the internet to compare rates. This can be done using a couple different methods.
Probably the best way to compare a lot of rates at once is a comparison rater form (click to open form in new window). This easy form eliminates the need for separate quotes for each company. Completing one form gets you coverage quotes from several companies. It’s definitely the quickest method.
A slightly less efficient method to find lower rates is spending the time to visit the website of each company to complete their respective quote request forms. For instance, we’ll assume you want comparison quotes from Auto-Owners, Liberty Mutual and Progressive. You would have to go to every website to input your insurance information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.
It’s up to you how you get prices quotes, just compare apples-to-apples information with each company. If each company quotes higher or lower deductibles you can’t possibly decipher which rate is best. Just a small difference in limits could mean much higher rates. Keep in mind that obtaining a wide range of quotes provides better odds of finding lower pricing.
Insuring your vehicles can cost a lot, buy you may qualify for discounts that can drop the cost substantially. A few discounts will automatically apply when you complete an application, but some must be requested specifically in order for you to get them.
It’s important to note that many deductions do not apply to your bottom line cost. Most cut the cost of specific coverages such as medical payments or collision. So when it seems like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous. Any qualifying discounts will bring down the amount you have to pay.
For a list of companies who offer auto insurance discounts, click here to view.
When choosing adequate coverage for your personal vehicles, there really is not a one size fits all plan. Everyone’s situation is a little different.
For example, these questions could help you determine whether your personal situation would benefit from professional advice.
If it’s difficult to answer those questions then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form.
Learning about specific coverages of your insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.
Medical costs insurance – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for X-ray expenses, dental work, surgery, funeral costs and EMT expenses. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay
Collision – This covers damage to your LS resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.
Collision can pay for claims such as crashing into a ditch, colliding with another moving vehicle, sideswiping another vehicle, colliding with a tree and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.
Auto liability – This coverage provides protection from injuries or damage you cause to other people or property. This insurance protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.
Liability coverage pays for claims such as court costs, legal defense fees, medical expenses, funeral expenses and structural damage. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.
UM/UIM Coverage – This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims such as a broken windshield, rock chips in glass, theft, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.