1998 Lincoln Mark VIII Insurance Cost

Trying to find cheaper insurance coverage rates for your Lincoln Mark VIII? Insurance shopping is not a process people look forward to, but regardless it’s required to be legal on the road.

Finding the best rates is quite easy. In a nutshell, every driver who carries auto insurance will be able to find lower rates. But consumers must learn how insurance companies price online insurance and use this information to your advantage.

Lincoln Mark VIII insurance rates have many determining factors

An important part of buying insurance is that you know the different types of things that go into determining the price you pay for insurance coverage. Understanding what influences your rates helps enable you to make changes that may reward you with lower insurance coverage prices.

  • Where you live can impact rates – Living in less populated areas has it’s advantages when buying insurance coverage. Drivers who live in large cities have to deal with congested traffic and longer commutes to work. Fewer people translates into fewer accidents.
  • You might want pay the small claims yourself – If you file claims often, you can look forward to either policy cancellation or increased premiums. Companies award better rates to people who file claims infrequently. Your insurance policy is intended for larger claims.
  • Men pay higher rates – Statistics have proven women are more cautious behind the wheel. That doesn’t necessarily mean that men are worse drivers. Men and women have accidents in similar percentages, but men cause more damage. Men also receive more costly citations such as reckless driving. Male drivers age 16 to 19 are the most expensive to insure and thus pay the highest rates.
  • Having a spouse can save you money – Having a wife or husband actually saves money on insurance coverage. It is viewed as being more responsible it has been statistically shown that married couples file fewer claims.
  • High deductibles save money – Deductibles for physical damage represent how much money you are required to spend before your insurance coverage pays a claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. A few examples of covered claims could be colliding with a building, damage caused by hail, and burglary. The higher the amount you have to pay, the bigger discount you will receive for Mark VIII coverage.
  • Save money with special equipment – Purchasing a vehicle with an alarm system can help lower your rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping car theft.
  • Allowing your policy to lapse raises rates – Driving your car without having proper coverage is a misdemeanor and your next policy will cost more because you let your insurance expire. Not only will you pay more, getting caught without coverage may earn you a hefty fine and possibly a revoked license.

You probably qualify for some discounts

Companies offering auto insurance don’t always list all their discounts in an easy-to-find place, so here is a list some of the best known and the more hidden savings tricks you should be using.

  • Federal Government Employee – Being employed by or retired from a federal job may qualify you for a discount for Mark VIII coverage with certain companies.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
  • Own a Home – Owning a home can save you money because of the fact that having a home requires personal responsibility.
  • Auto/Life Discount – Some companies give a break if you buy auto and life insurance together.
  • Low Mileage Discounts – Keeping the miles down on your Lincoln could qualify for a substantially lower rate.
  • Multiple Policy Discount – When you have multiple policies with one insurance company you will save at least 10% off all policies.
  • Accident Waiver – A few companies will forgive one accident before raising your premiums as long as you don’t have any claims for a certain period of time.
  • E-sign – Certain companies will discount your bill up to fifty bucks simply for signing online.

It’s important to note that many deductions do not apply to all coverage premiums. Most only reduce individual premiums such as comp or med pay. So even though they make it sound like you can get free auto insurance, it doesn’t quite work that way.

For a list of companies offering insurance discounts, click here.

There’s no such thing as the perfect policy

When choosing the best car insurance coverage, there really is no “perfect” insurance plan. Everyone’s situation is unique.

For instance, these questions might help in determining if your insurance needs may require specific advice.

  • What is covered by UM/UIM coverage?
  • What is no-fault insurance?
  • Where can I find DUI or SR-22 insurance?
  • Are split liability limits better than a combined single limit?
  • Is other people’s property covered if stolen from my vehicle?
  • Does insurance cover tools stolen from my truck?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Auto insurance coverage options for a 1998 Lincoln Mark VIII

Knowing the specifics of a auto insurance policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Collision protection

Collision coverage pays for damage to your Mark VIII from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as driving through your garage door, hitting a parking meter and colliding with a tree. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also raise the deductible to get cheaper collision coverage.

Comprehensive insurance

This coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as damage from getting keyed, theft, fire damage, hail damage and a tree branch falling on your vehicle. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Auto liability insurance

This protects you from damage that occurs to a person or their property. It protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like loss of income, pain and suffering, attorney fees and medical services. The amount of liability coverage you purchase is your choice, but buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Lincoln Mark VIII.

Since 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.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for bills such as doctor visits, ambulance fees, prosthetic devices, nursing services and hospital visits. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and also covers 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

A little work can save a LOT of money

We just showed you many ways to save on 1998 Lincoln Mark VIII insurance. The key thing to remember is the more rate comparisons you have, the better your comparison will be. Drivers may discover the lowest priced insurance coverage comes from an unexpected company.

Insureds switch companies for any number of reasons including high rates after DUI convictions, an unsatisfactory settlement offer, questionable increases in premium and even policy non-renewal. It doesn’t matter what your reason, switching companies is easier than you think.

Affordable insurance can be purchased on the web in addition to many insurance agents, so compare prices from both to have the best selection. Some insurance providers do not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

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