Lower Your 2004 Lincoln LS Insurance Rates

Trying to find lower auto insurance rates for your Lincoln LS? Feel like you’re a prisoner to overpriced auto insurance? Trust us, you are not the only one feeling buyer’s remorse.

Consumers have many auto insurance companies to choose from, and even though it’s nice to have a choice, too many choices makes it more difficult to compare rates.

Smart consumers take time to price shop coverage once or twice a year because prices are adjusted regularly by insurance companies. Just because you found the best rates on LS coverage a few years ago the chances are good that you can find a lower rate today. Forget all the misinformation about auto insurance because I’m going to let you in on the secrets to the easiest way to eliminate unnecessary coverages and save money.

This article will introduce you to the most effective way to quote insurance and some money-saving tips. If you currently have a car insurance policy, you should be able to lower your premiums substantially using this information. But vehicle owners do need to know the way companies price online insurance and use this information to your advantage.

Quick Car Insurance Quotes

There are several ways of comparing rate quotes from different insurance companies. The easiest way to find competitive 2004 Lincoln LS insurance rates consists of shopping online. This is very easy and can be done in several different ways.

Probably the best way to get quotes is a comparison rater form like this one (opens in new window). This form keeps you from doing repetitive form submissions to each individual car insurance company. A single, simple form will get you price quotes direct from many companies.

Another way to get quotes online requires you to visit the website of each company to complete a price quote. For example, we’ll assume you want to compare rates from GEICO, Allstate and Liberty Mutual. You would have to spend time on each company’s site and enter your policy data, which is why the first method is quicker. For a list of links to insurance companies in your area, click here.

Whichever way you use, make absolute certain that you use apples-to-apples coverages and limits on every quote you get. If you enter different values for each quote you can’t possibly determine which rate is truly the best. Just a small difference in coverage limits can mean a large discrepancy in price. And when comparison shopping, more quotes gives you a better chance of getting the best offered rates.

Don’t miss these discounts

Insurance can cost an arm and a leg, but there are discounts available to help bring down the price. Larger premium reductions will be automatically applied when you purchase, but less common discounts must be manually applied before they will apply.

  • Early Switch Discount – A few companies offer discounts for buying a policy prior to your current policy expiration. It’s a savings of about 10%.
  • Senior Citizens – Older drivers may be able to get a discount up to 10% on LS coverage.
  • Memberships – Affiliation with certain professional organizations may earn a discount when buying auto insurance on LS coverage.
  • Auto/Home Discount – If you have multiple policies with the same insurance company you may earn 10% to 20% off each policy.
  • Claim Free – Drivers with accident-free driving histories pay much less compared to bad drivers.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Lincoln can earn better rates on cars that stay parked.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems are safer to drive and earn discounts up to 10%.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Use Seat Belts – Drivers who require all occupants to use their safety belts can save up to 15% off your PIP or medical payments premium.
  • Service Members Pay Less – Having a family member in the military can result in better rates.

As a disclaimer on discounts, some credits don’t apply to the entire cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. So when the math indicates you could get a free auto insurance policy, companies don’t profit that way. But all discounts will cut the cost of coverage.

A partial list of companies that may offer these benefits include:

Check with each company which discounts they offer. Savings might not be offered in your area.

When might I need help?

When it comes to buying adequate coverage, there is no cookie cutter policy. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that could help you determine whether or not you would benefit from an agent’s advice.

  • What is PIP insurance?
  • What happens if I owe more than my 2004 Lincoln LS is worth?
  • Am I covered when driving a rental car?
  • Is pleasure use cheaper than using my 2004 Lincoln LS to commute?
  • Does my policy cover my teen driver if they drive my company car?
  • Is my 2004 Lincoln LS covered for smoke damage?
  • Is a new car covered when I drive it off the dealer lot?
  • Do I need more liability coverage?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Car insurance policy coverages for a 2004 Lincoln LS

Having a good grasp of your car insurance policy can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. These are typical coverage types available from car insurance companies.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your 2004 Lincoln LS.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these coverages are similar to your liability insurance amounts.

Coverage for collisions

Collision coverage pays for damage to your LS from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like rolling your car, sustaining damage from a pot hole, driving through your garage door, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to bring the cost down.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance kick in for expenses for things like funeral costs, prosthetic devices and hospital visits. They are used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like fire damage, falling objects and vandalism. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability car insurance

Liability insurance can cover injuries or damage you cause to other’s property or people. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Alternatively, you may have a combined limit which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims such as structural damage, repair costs for stationary objects and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.