Cheaper 1993 Lincoln Mark VIII Insurance Cost

Feel like you’re a prisoner to an overpriced insurance coverage policy? Trust us, you’re not the only one.

Drivers have multiple auto insurance companies to purchase coverage from, and even though it’s nice to have a selection, having more auto insurance companies makes it harder to get the best deal.

It’s a good habit to do rate comparisons on a regular basis because prices change frequently. Even if you got the best price for Mark VIII insurance on your last policy there is a good chance you can find better rates now. Starting right now, ignore everything you know about insurance coverage because you’re going to learn the fastest and easiest way to lower your annual insurance bill.

Finding affordable coverage is not rocket science. If you currently have car insurance, you should be able to cut costs considerably using these tips. But drivers do need to understand the way companies price insurance differently because it can help you find the best coverage.

Cheap Insurance Comparisons

There are multiple methods to shop for 1993 Lincoln Mark VIII insurance, but one way is more efficient than others. You can waste a few hours (or days) driving to agents in your area, or you could save time and use online quoting to get prices fast.

Many insurance companies participate in an industry program that allows shoppers to submit one quote, and at least one company can give them a price based on that data. This prevents consumers from doing quotation requests to each company.

To compare pricing click to open in new window.

The single downside to doing it this way is you don’t know exactly which insurance companies to get pricing from. So if you prefer to pick from a list of companies to receive pricing from, we have a page of the cheapest insurance companies in your area. Click to view list.

It’s up to you which method you use, but be sure to compare apples-to-apples coverage limits with every price quote. If you enter differing limits you will not be able to determine the lowest rate for your Lincoln Mark VIII. Having just a slight variation in coverages may cause a big price difference. And when comparing insurance rates, know that having more price comparisons will enable you to find the best price.

Elements that influence Lincoln Mark VIII insurance rates

An important part of buying insurance is that you know the rating factors that help determine the price you pay for insurance. When you know what positively or negatively impacts premium levels enables informed choices that may reward you with better insurance rates.

The following are some of the factors insurance companies consider when setting rates.

  • Poor credit can mean higher rates – Credit rating is a large factor in determining your rates. Drivers who have high credit scores tend to be better drivers and file fewer claims than drivers with lower credit ratings. If your credit can use some improvement, you could potentially save money when insuring your 1993 Lincoln Mark VIII by spending a little time repairing your credit.
  • Never let your coverage lapse – Allowing your coverage to lapse is a fast way to pay more for insurance. And not only will your rates increase, getting caught without coverage can result in a steep fine or even jail time.
  • Your job and insurance rates – Occupations like lawyers, architects and stock brokers tend to pay the highest rates due to high stress and lots of time spent at work. On the other hand, occupations like scientists, students and the unemployed have the lowest average rates for Mark VIII insurance.
  • Bundling policies can get discounts – Some insurance companies provide better rates to people who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, you may still want to compare other company rates to verify if the discount is saving money. Drivers may still find a better deal by buying insurance from more than one company.
  • Rural vs Urban Areas – Being located in a small town has it’s advantages when insuring your vehicles. Drivers in populated areas tend to have congested traffic and longer commutes to work. Lower population translates into fewer accidents and a lower car theft rate.
  • Your car’s features help determine rates – Choosing a vehicle with an alarm system can help lower your rates. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your vehicle from being stolen.
  • Traffic violations increase rates – Just one ticket can increase rates twenty percent or more. Good drivers tend to pay less for car insurance than people who have multiple driving citations. Drivers who have severe citations such as DWI, reckless driving or hit and run convictions may need to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to drive a vehicle legally.
  • Small claims can cost you – Insurance companies award better rates to drivers who file claims infrequently. If you frequently file small claims, you can look forward to either higher rates or even cancellation. Your insurance policy is designed for the large, substantial claims.

Don’t pay full price with these discounts

Companies don’t always publicize every discount very clearly, so we researched some of the more common as well as the least known discounts you could be receiving.

  • Military Rewards – Being on active duty in the military could mean lower rates.
  • Claim Free – Good drivers with no accidents can earn big discounts when compared to drivers who are more careless.
  • Auto/Life Discount – Larger companies have a discount if you purchase life insurance.
  • One Accident Forgiven – A few companies permit an accident without raising rates if you are claim-free for a certain period of time.
  • Drivers Education – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.
  • College Student – Any of your kids living away from home attending college and don’t have a car can receive lower rates.
  • Multi-policy Discount – When you have multiple policies with the same company you will save approximately 10% to 15%.

Drivers should understand that most discount credits are not given to all coverage premiums. Some only reduce the cost of specific coverages such as comprehensive or collision. Just because you may think you could get a free insurance policy, companies wouldn’t make money that way.

For a list of providers who offer insurance discounts, click this link.

Your personal situation dictates your coverage

When choosing adequate coverage, there isn’t really a single plan that fits everyone. Every situation is different so your insurance needs to address that. Here are some questions about coverages that may help highlight if your insurance needs would benefit from an agent’s advice.

  • How many claims can I have before being cancelled?
  • Am I covered when driving someone else’s vehicle?
  • Do I need medical payments coverage since I have good health insurance?
  • Can I afford low physical damage deductibles?
  • What is the difference between comprehensive and collision coverage?
  • Should I buy more coverage than the required minimum liability coverage?
  • What can I do if my company won’t pay a claim?
  • Is pleasure use cheaper than using my 1993 Lincoln Mark VIII to commute?
  • When can I cancel my policy?
  • Do I have coverage when making deliveries for my home business?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Educate yourself about auto insurance coverages

Knowing the specifics of your policy can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and reading a policy is terribly boring. These are typical coverages offered by auto insurance companies.

Coverage for liability

This will cover injuries or damage you cause to other people or property that is your fault. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims such as emergency aid, attorney fees and court costs. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for bills for things like nursing services, prosthetic devices, pain medications and hospital visits. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Lincoln Mark VIII.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive insurance

This pays for damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as vandalism, fire damage, rock chips in glass, a tree branch falling on your vehicle and hitting a deer. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for collisions

Collision coverage covers damage to your Mark VIII from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as backing into a parked car, colliding with another moving vehicle, driving through your garage door, scraping a guard rail and rolling your car. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.

Money doesn’t grow on trees

You just read many ideas to compare 1993 Lincoln Mark VIII insurance prices online. The key concept to understand is the more rate quotes you have, the better your chances of lowering your rates. Consumers could even find that the lowest premiums are with an unexpected company. Some small companies may only write in your state and offer lower rates than the large multi-state companies such as Progressive and Geico.

Cost effective insurance is attainable both online and with local insurance agents, so you should be comparing quotes from both to have the best rate selection. Some insurance providers do not offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

More information can be found at the links below