1997 Lincoln Mark VIII Insurance Cost – 7 Tips for Cheapest Prices

Trying to find cheaper auto insurance rates for your Lincoln Mark VIII? If you are a novice to online auto insurance shopping, you may be confused by the hoards of companies offering insurance.

Shopping for the lowest cost insurance is quite easy. Essentially everyone who buys insurance will be able to find better rates. Nevertheless, drivers can benefit from knowing the way insurance companies market insurance on the web and use this information to your advantage.

Finding Insurance Coverage Deals

Effectively comparing insurance coverage prices can be a lot of work if you don’t understand the most efficient way to do it. You can spend your afternoon discussing policy coverages with insurance agencies in your area, or you could use the web to get rate comparisons in just a few minutes.

The majority of car insurance companies participate in an industry program that enables customers to send in one quote, and every company returns a competitive quote based on that data. This system prevents you from having to do repetitive form submissions for each company you want a rate for. To fill out one form to compare multiple rates now click here to open in new window.

One minor caviat to pricing coverage this way is buyers cannot specifically choose which insurance companies you will receive quotes from. So if you want to select from a list of companies to compare, we have assembled a list of insurance coverage companies in your area. Click here for list of insurance companies.

Whichever way you use, ensure you’re using the exact same quote information for each comparison quote. If you use different liability limits then you won’t be able to make a fair comparison for your Lincoln Mark VIII. Having just a slight variation in coverage limits may result in large price differences. And when comparing insurance coverage rates, know that obtaining a wide range of quotes will improve the odds of getting the best price.

How to save on Lincoln Mark VIII insurance

Car insurance is not cheap, but there are discounts available to cut the cost considerably. Some trigger automatically at the time of purchase, but less common discounts must be inquired about before they will apply.

  • Government Employees – Active or retired federal employment may qualify you for a discount for Mark VIII insurance with a few auto insurance companies.
  • Accident Waiver – Certain companies allow you one accident before hitting you with a surcharge if your claims history is clear for a certain period of time.
  • Passive Restraint Discount – Cars that have air bags or motorized seat belts can get savings of up to 25% or more.
  • Discount for Swiching Early – Some companies give discounts for switching to them before your current expiration date. The savings is around 10%.
  • Multi-policy Discount – When you combine your home and auto insurance with the same insurance company you may save up to 20% off your total premium.
  • Multiple Cars – Insuring all your vehicles with the same company qualifies for this discount.
  • New Car Discount – Adding a new car to your policy can cost up to 25% less due to better safety requirements for new cars.

Consumers should know that some of the credits will not apply to the entire policy premium. Most cut specific coverage prices like comprehensive or collision. Just because it seems like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous. But all discounts will bring down the cost of coverage.

Insurance companies that may have these benefits include:

Double check with every prospective company which discounts they offer. Discounts might not apply in every state.

Tailor your coverage to you

When it comes to choosing the best car insurance coverage, there really is not a one size fits all plan. Everyone’s situation is unique.

Here are some questions about coverages that might point out if you could use an agent’s help.

  • What is an SR-22 filing?
  • When can I cancel my policy?
  • Is my teenager covered with friends in the car?
  • Can I afford to buy a different vehicle if my 1997 Lincoln Mark VIII is totaled?
  • Does my liability insurance cover pulling a trailer or camper?
  • Do I have newly-aquired coverage?
  • Why do I only qualify for high-risk insurance?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form.

Don’t believe everything you hear

Companies like Allstate and Progressive consistently run ads on TV and radio. All the ads have a common claim that you’ll save big if you change your coverage to them. How do they all make almost identical claims? This is how they do it.

All companies have a preferred profile for the driver that makes them money. A good example of a desirable insured might be profiled as over the age of 50, has no tickets, and has a short commute. A customer who meets those qualifications receives the best rates and as a result will probably save when they switch companies.

Potential customers who fall outside these standards must pay a higher premium and this can result in the customer not buying. Company advertisements say “people who switch” but not “drivers who get quotes” save that much. This is how insurance companies can make the claims of big savings.

This illustrates why drivers must get as many comparisons as possible. It’s just too difficult to predict which insurance companies will fit your personal profile best.

Car insurance coverage options for a 1997 Lincoln Mark VIII

Learning about specific coverages of your car insurance policy aids in choosing the best coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Collision coverage protection

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

Collision can pay for claims such as hitting a mailbox, backing into a parked car, rolling your car, sideswiping another vehicle and damaging your car on a curb. 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.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses like EMT expenses, surgery, nursing services and doctor visits. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants as well as any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Liability auto insurance

This will cover injuries or damage you cause to people or other property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as medical services, court costs and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Normally these limits are identical to your policy’s liability coverage.

Comprehensive insurance

This will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like hitting a bird, fire damage, damage from flooding and falling objects. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Make a quick buck

Cost effective 1997 Lincoln Mark VIII insurance can be found from both online companies in addition to many insurance agents, and you should compare price quotes from both to have the best rate selection. Some companies do not provide online quoting and these regional insurance providers work with independent agents.

As you restructure your insurance plan, it’s not a good idea to reduce coverage to reduce premium. In many cases, an insured dropped collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase plenty of coverage for the lowest price while not skimping on critical coverages.

You just learned many tips how you can reduce insurance prices online. The key thing to remember is the more you quote, the better likelihood of reducing your rate. You may even find the lowest premiums are with a small local company.

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