Are you searching for more affordable insurance rates in Louisville, KY? Louisville consumers have lots of choices when looking for low-cost Lincoln Navigator insurance. They can either spend hours contacting agents to compare prices or save time using the internet to find the lowest rates. There are both good and bad ways to find insurance online so you’re going to learn the quickest way to price shop coverage for your Lincoln and locate the lowest price either online or from Louisville insurance agents.
Smart consumers take time to compare prices every six months since prices tend to go up over time. Even if you got the lowest price on Lincoln Navigator insurance in Louisville on your last policy you may be paying too much now. Block out anything you think you know about insurance because you’re about to learn the tricks you need to know to lower your rates without sacrificing coverage.
If you already have coverage or need new coverage, follow these tips to find the best rates without having to cut coverage. These tips will teach you a little about how insurance works and some tricks to saving. Comparison shoppers just have to know the most effective way to compare different rates over the internet.
The companies shown below have been selected to offer price quotes in Kentucky. To buy the cheapest car insurance in Louisville, we suggest you compare several of them to get a more complete price comparison.
These five discounts can lower your car insurance rates
Car insurance is not cheap nor is it fun to buy but discounts can save money and there are some available to cut the cost considerably. A few discounts will automatically apply when you quote, but once in a while a discount must be specially asked for prior to receiving the credit.
- Full Payment Discount – By paying your entire bill at once rather than paying monthly you may have a lower total premium amount.
- Accident Waiver – This one is not really a discount per se, but certain companies will allow you to have one accident before they charge you more for coverage with the catch being you have to be claim-free for a particular time prior to the accident.
- Defensive Driver Discounts – Passing a class that teaches defensive driver techniques could earn you a small percentage discount and make you a better driver.
- Driver’s Education for Students – Cut your cost by having your teen driver successfully complete driver’s ed class in school or through a local driver safety program.
- Membership in Organizations – Having an affiliation with a professional or civic organization can get you a small discount on your next renewal.
Remember that most discount credits are not given to the whole policy. A few only apply to the price of certain insurance coverages like collision or personal injury protection. Just because you may think adding up those discounts means a free policy, insurance companies wouldn’t stay in business.
The example below shows the comparison of Lincoln Navigator insurance costs with and without discounts applied to the rates. Data assumes a female driver, a clean driving record, no at-fault accidents, Kentucky state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, multi-car, safe-driver, and claim-free discounts applied.
The best car insurance companies and a partial list of their discounts can be read below.
- American Family has savings for accident-free, defensive driver, early bird, TimeAway discount, and good student.
- State Farm has discounts for Steer Clear safe driver discount, accident-free, good student, Drive Safe & Save, passive restraint, multiple autos, and safe vehicle.
- 21st Century includes discounts for teen driver, driver training, good student, anti-lock brakes, and student driver.
- Travelers policyholders can earn discounts including multi-policy, home ownership, student away at school, save driver, early quote, driver training, and IntelliDrive.
- GEICO offers discounts including federal employee, military active duty, multi-policy, air bags, defensive driver, and multi-vehicle.
When getting a coverage quote, ask every insurance company to apply every possible discount. Some of the earlier mentioned discounts might not apply in Louisville. To see car insurance companies who offer free Lincoln Navigator insurance quotes in Louisville, click here.
Rates and information analytics
The premium table shown next showcases different coverage costs for Lincoln Navigator models. Having a better understanding of how insurance policy rates are formulated can assist in making smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Navigator 2WD | $218 | $446 | $440 | $26 | $132 | $1,262 | $105 |
| Navigator 4WD | $218 | $446 | $440 | $26 | $132 | $1,262 | $105 |
| Navigator L 2WD | $240 | $446 | $440 | $26 | $132 | $1,284 | $107 |
| Navigator L 4WD | $240 | $446 | $440 | $26 | $132 | $1,284 | $107 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Premium costs do not factor in specific location information which can impact price quotes significantly.
Where to set your deductibles
When comparing auto insurance rates, the most common question is at what level do you set your deductibles. The comparisons below can help you visualize the differences in price when you buy lower versus higher physical damage deductibles. The first data set uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Navigator 2WD | $354 | $688 | $326 | $20 | $98 | $1,511 | $126 |
| Navigator 4WD | $354 | $688 | $326 | $20 | $98 | $1,511 | $126 |
| Navigator L 2WD | $390 | $688 | $326 | $20 | $98 | $1,547 | $129 |
| Navigator L 4WD | $390 | $688 | $326 | $20 | $98 | $1,547 | $129 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Navigator 2WD | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| Navigator 4WD | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| Navigator L 2WD | $284 | $466 | $326 | $20 | $98 | $1,194 | $100 |
| Navigator L 4WD | $284 | $466 | $326 | $20 | $98 | $1,194 | $100 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Rate quotes do not factor in vehicle garaging location which can decrease or increase auto insurance rates considerably.
Based on this data, using a $100 deductible will cost in the ballpark of $29 more each month or $348 each year than choosing the higher $500 deductible. Due to the fact that you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 14 months between claims, you would probably be better off by selecting a higher deductible.
Calculation for determining deductible levels
| Average monthly premium for $100 deductibles: | $128 |
| Average monthly premium for $500 deductibles (subtract): | – $99 |
| Monthly savings from raising deductible: | $29 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $29 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
Driving violations and accidents
The example below demonstrates how speeding tickets and accidents can raise Lincoln Navigator insurance costs for different age groups. The premium estimates are based on a married male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
Does it make sense to buy full coverage?
The diagram below illustrates the difference between Lincoln Navigator insurance premiums when comparing full coverage to state minimum liability only. The information is based on no driving violations, no at-fault accidents, $500 deductibles, drivers are not married, and no additional discounts are factored in.
Should you be buying full coverage?
There isn’t a steadfast formula for excluding comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your Lincoln Navigator replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after the policy deductible has been paid. If premiums are more than $300 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some conditions where dropping full coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should maintain full coverage.
When to talk to an agent
A small number of people would prefer to buy from a local agent and that can be a great decision Licensed agents can help you build your policy and will help you if you have claims. One of the benefits of comparing rates online is you may find better rates and still choose a local agent.
To help locate an agent, after submitting this quick form, the quote information is immediately sent to participating agents in Louisville who will give you bids and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to search for an agent due to the fact that quote results will go to the email address you provide. If you want to quote rates from a specific insurance company, feel free to visit that company’s website and fill out their quote form.
Selecting an provider should depend on more than just a cheap price. Here are some questions to ask:
- How many companies do they write for?
- Who is covered by the car insurance policy?
- How is replacement cost determined on your vehicle?
- Are aftermarket or OEM parts used to repair vehicles?
- Are they paid to recommend certain coverages?
- If you are a high risk driver, do they have special markets for your coverage?
Learn about car insurance coverages for a Lincoln Navigator
Knowing the specifics of your policy can help you determine appropriate coverage and proper limits and deductibles. Car insurance terms can be ambiguous and reading a policy is terribly boring.
Medical expense insurance
Coverage for medical payments and/or PIP kick in for short-term medical expenses such as doctor visits, pain medications and dental work. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. They cover you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Collision protection
Collision coverage covers damage to your Navigator resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as crashing into a ditch, driving through your garage door, sideswiping another vehicle, hitting a parking meter and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible on your Navigator to save money on collision insurance.
Liability car insurance
This coverage provides protection from injuries or damage you cause to other people or property. It protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/10 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property.
Liability can pay for claims like repair bills for other people’s vehicles, medical expenses, loss of income, medical services and court costs. How much coverage you buy is a personal decision, but you should buy as much as you can afford. Kentucky state minimum liability requirements are 25/50/10 but you should consider buying more liability than the minimum.
The illustration below demonstrates why buying minimum limits may not be adequate coverage.
Protection from uninsured/underinsured drivers
This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and damage to your Lincoln Navigator.
Due to the fact that many Kentucky drivers carry very low liability coverage limits (25/50/10 in Kentucky), their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.
Comprehensive (Other than Collision)
This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things like rock chips in glass, damage from a tornado or hurricane and a tree branch falling on your vehicle. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Cheaper insurance rates are possible
The cheapest Lincoln Navigator insurance in Louisville can be bought online and also from your neighborhood Louisville agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance companies do not provide internet price quotes and most of the time these regional carriers only sell through independent agents.
In this article, we covered some good ideas how you can reduce Lincoln Navigator insurance prices online in Louisville. The most important thing to understand is the more companies you get rates for, the higher your chance of finding affordable Louisville auto insurance quotes. Drivers may even discover the lowest prices are with a small mutual company.
As you prepare to switch companies, don’t be tempted to reduce needed coverages to save money. Too many times, someone dropped physical damage coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to find the BEST coverage at the best possible price, but do not skimp to save money.
Steps to finding discount Lincoln Navigator insurance in Louisville
If you want to find the absolute lowest rates, then the best way to find more affordable Lincoln Navigator insurance in Louisville is to do an annual price comparison from insurance carriers who can sell car insurance in Kentucky.
First, take a few minutes and learn about what is in your policy and the changes you can make to prevent high rates. Many risk factors that result in higher prices like speeding and an imperfect credit rating can be improved by making minor changes in your lifestyle.
Second, get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from one company like Progressive or State Farm, while independent agencies can provide prices from many different companies. View prices
Third, compare the quotes to the price on your current policy to see if a cheaper price is available in Louisville. If you find a lower rate and make a switch, ensure coverage does not lapse between policies.
The critical component of shopping around is that you use the same liability limits and deductibles on each quote and and to get quotes from as many car insurance companies as possible. This enables a fair rate comparison and a complete price analysis.
For more information, link through to these articles:
- Comprehensive Coverage (Liberty Mutual)
- Who Has Cheap Louisville Car Insurance Quotes for 16 Year Olds? (FAQ)
- Who Has Affordable Louisville Auto Insurance Quotes for College Students? (FAQ)
- How Much is Auto Insurance for Government Employees in Louisville? (FAQ)
- Who Has Cheap Louisville Auto Insurance Rates for Single Moms? (FAQ)
- Who Has Cheap Auto Insurance for a Nissan Altima in Louisville? (FAQ)
- Who Has Affordable Car Insurance Rates for Electric Cars in Louisville? (FAQ)
- Credit and Insurance Scores (Insurance Information Institute)
- Things to Know Before you Cancel Insurance (Allstate)
- Neck Injury FAQ (iihs.org)