Save on 2002 Lincoln LS Car Insurance Rates

Looking for the cheapest insurance coverage rates for your Lincoln LS? Tired of trying to scrape together enough money to insure your Lincoln every month? You are no different than many other consumers. Companies like State Farm and GEICO persitently shower you with ad campaigns and it is challenging if not impossible to avoid their marketing magic and find the best price available.

Do you qualify for discounts?

Companies offering auto insurance don’t always advertise all available discounts very clearly, so here is a list some of the more common as well as the least known ways to save on insurance. If you’re not getting every credit you qualify for, you are paying more than you should be.

  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and therefore earn up to a 10% discount.
  • Lower Rates for Military – Having a family member in the military could mean lower rates.
  • Own a Home – Simply owning a home may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • 55 and Retired – Older drivers may qualify for a discount up to 10% on LS insurance.
  • Early Signing – Select companies give a discount for switching to them before your current policy expires. This can save 10% or more.
  • Auto/Home Discount – If you have multiple policies with one insurance company you could get a discount of up to 20% off your total premium.
  • Passive Restraints – Vehicles equipped with air bags or automatic seat belts can receive discounts of more than 20%.
  • Federal Employees – Simply working for the federal government can save as much as 8% on LS insurance with certain companies.
  • Sign Online – A handful of insurance companies will discount your bill up to fifty bucks just for signing your application on their website.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less on LS insurance than drivers with accident claims.

Drivers should understand that most of the big mark downs will not be given to the entire cost. A few only apply to the cost of specific coverages such as comp or med pay. So when the math indicates all those discounts means the company will pay you, it just doesn’t work that way.

To see a list of insurers offering insurance discounts, follow this link.

Lincoln LS insurance rates have many determining factors

Smart consumers have a good feel for the factors that go into determining the price you pay for insurance. Understanding what determines base rates helps enable you to make changes that will entitle you to better insurance rates.

  • Your car’s features help determine rates – Purchasing a vehicle that has an advanced theft prevention system can help lower your rates. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping auto theft.
  • More people means more accidents – Being located in a small town is a positive aspect when insuring your vehicles. Less people living in that area means fewer accidents and a lower car theft rate. Drivers who live in large cities regularly have more traffic problems and longer commutes to work. Higher commute times translates into higher accident risk.
  • Better credit means lower rates – A driver’s credit rating is a big factor in calculating your insurance rates. Drivers with high credit scores tend to file fewer claims and have better driving records as compared to drivers with lower credit scores. If your credit history can use some improvement, you could be paying less to insure your 2002 Lincoln LS by spending a little time repairing your credit.
  • More miles equals more premium – The more miles you rack up on your Lincoln in a year the more you will pay for insurance. Most companies price each vehicle’s coverage based on their usage. Autos used primarily for pleasure use get more affordable rates than vehicles that are driven to work every day. If your policy improperly rates your LS can cost quite a bit. Double check that your insurance policy is showing how each vehicle is driven.
  • Do you need those extra coverages? – There are a ton of extra coverages that you can buy on your LS policy. Insurance for personal injury protection, towing coverage and term life insurance are examples of these. They may seem good initially, but if they’re wasting money eliminate the coverages to reduce your premium.
  • Your stress level may be raising your rates – Careers like lawyers, social workers and financial analysts are shown to have higher average rates due to high stress and long work days. Conversely, occupations like scientists, engineers and retirees pay the least on LS insurance.

Don’t assume everyone needs the same coverage

When choosing proper insurance coverage, there isn’t really a cookie cutter policy. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions may help you determine whether your personal situation would benefit from an agent’s advice.

  • Why am I be forced to buy a membership to get insurance from some companies?
  • At what point should I drop full coverage?
  • Can my babysitter drive my car?
  • Does my insurance cover a custom paint job?
  • Which companies will insure high-risk drivers?
  • Is my state a no-fault state?
  • Why is insurance for a teen driver so high?
  • Can I still get insurance after a DUI?
  • Do I pay less for low miles?
  • Which is better, split liability limits or combined limits?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, 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.

Can you really save $482 a year?

Consumers constantly see and hear ads for the lowest price auto insurance by GEICO, State Farm and Progressive. They all have a common claim that you can save after switching to their company.

But how can every company make almost identical claims?

All companies have a certain “appetite” for the right customer that earns them a profit. For example, a preferred risk might be between 30 and 50, has no tickets, and has excellent credit. A customer that hits that “sweet spot” gets the lowest rates and therefore will save quite a bit of money when switching.

Drivers who are not a match for the “perfect” profile will be quoted a more expensive rate and this can result in the driver buying from a lower-cost company. The ads say “drivers who switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can confidently advertise the savings. This emphasizes why you should quote coverage with many companies. It’s just too difficult to predict the company that will provide you with the cheapest Lincoln LS insurance rates.

Car insurance coverages for a Lincoln LS

Having a good grasp of your policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverage types offered by insurance companies.

Comprehensive coverage

This pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as fire damage, vandalism, hail damage, rock chips in glass and a broken windshield. The maximum payout your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.


Liability coverage can cover injuries or damage you cause to other people or property in an accident. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims such as medical expenses, medical services and loss of income. How much liability should you purchase? That is your choice, but buy as much as you can afford.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Lincoln LS.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Medical payments coverage and PIP

Med pay and PIP coverage pay for short-term medical expenses for chiropractic care, dental work and surgery. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Coverage for collisions

Collision insurance covers damage to your LS resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a ditch, driving through your garage door and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Have the Midas touch

As you restructure your insurance plan, make sure you don’t buy poor coverage just to save money. In many instances, an insured cut full coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to get the best coverage possible at an affordable rate while not skimping on critical coverages.

We covered some good ideas how you can lower your 2002 Lincoln LS insurance rates. It’s most important to understand that the more quotes you get, the better likelihood of reducing your rate. Drivers may discover the biggest savings come from some of the smallest insurance companies. They may often insure only within specific states and give getter rates than their larger competitors like GEICO and State Farm.

Cheaper insurance can be bought on the web as well as from independent agents, and you should be comparing both to have the best chance of lowering rates. Some insurance coverage companies don’t offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

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