It’s well known that car insurance companies don’t want their policyholders to compare prices. Consumers who shop around will probably move their business because there is a high probability of finding a lower-priced company. A recent survey found that drivers who routinely shopped around saved $3,500 over four years as compared to drivers who never compared other company’s rates.
If finding the cheapest price on Lincoln Navigator insurance is your objective, then having some insight into how to get price quotes and compare car insurance can help you be more efficient.
The recommended way to find affordable quotes for Lincoln Navigator insurance in Virginia Beach is to regularly compare price quotes from insurance carriers that insure vehicles in Virginia. Price quotes can be compared by completing these steps.
- Try to learn a little about policy coverages and the measures you can take to drop your rates. Many factors that drive up the price such as careless driving and a not-so-good credit history can be amended by being financially responsible and driving safely.
- Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes for many different companies.
- Compare the new rate quotes to your existing coverage and determine if cheaper Navigator coverage is available. If you find a lower rate and switch companies, make sure there is no lapse in coverage.
The most important part of this process is that you’ll want to make sure you compare the same level of coverage on each quote request and and to get prices from as many companies as feasibly possible. Doing this guarantees a fair rate comparison and the best price quote selection.
The are a couple different ways to get quotes from all the different companies. One of the best ways to compare Lincoln Navigator insurance prices is to perform an online rate comparison. When comparing insurance rates, know that comparing more prices helps improve the odds of finding better pricing. Some companies don’t provide Virginia Beach Navigator insurance quotes online, so it’s necessary to compare price estimates from the smaller companies as well.
The companies in the list below provide price quotes in Virginia. In order to find the best cheap auto insurance in Virginia, we suggest you get rates from several of them to find the cheapest auto insurance rates.
Companies offer money-saving discounts on Lincoln Navigator insurance in Virginia Beach
Companies that sell car insurance don’t list every possible discount in an easy-to-find place, so the following list contains both the well known and also the more inconspicuous ways to save on insurance.
- First Accident Forgiveness – Not really a discount, but companies like Allstate and GEICO will allow you to have one accident before they charge you more for coverage if your claims history is clear for a specific time period.
- Passenger Safety Discount – Options like air bags may earn rate discounts of up to 25% or more.
- Federal Government Employee – Having worked for a branch of the government could provide a small rate reduction with certain companies.
- Multi-car Discount – Buying a policy with primary and secondary vehicles on the same insurance policy can get a discount for every vehicle.
- Anti-lock Brake Discount – Cars and trucks that have steering control and anti-lock brakes are much safer to drive and will save you 10% or more on Navigator insurance in Virginia Beach.
- Payment Discounts – If you pay your bill all at once instead of making monthly payments you may have a lower total premium amount.
- Driving Data Discount – People who choose to allow their company to spy on their driving habits by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if they show good driving skills.
- Mature Driver Discount – Seniors may qualify for a small discount on rates.
Please keep in mind that many deductions do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, you’re out of luck. But any discount will help lower your policy premiums.
The diagram below shows the comparison of Lincoln Navigator insurance premiums with and without discounts applied to the premium. The rates are based on a male driver, no accidents or driving violations, Virginia state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-car, claim-free, multi-policy, and homeowner discounts applied.
A few companies that may have most of these discounts may include but are not limited to:
When getting a coverage quote, ask all the companies which credits you are entitled to. A few discounts may not be offered in every state. If you would like to choose from a list of insurance companies with the best Lincoln Navigator insurance discounts in Virginia Beach, click here to view.
Rates and statistics
The coverage information below outlines a range of coverage costs for Lincoln Navigator models. Having knowledge of how auto insurance policy rates are established can be valuable when making decisions when choosing a new policy provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Navigator L 2WD||$192||$360||$270||$16||$80||$918||$77|
|Navigator L 4WD||$192||$360||$270||$16||$80||$918||$77|
|Get Your Own Custom Quote Go|
Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price information does not factor in specific Virginia Beach garaging location which can modify rates considerably.
Does full coverage make sense?
The example below illustrates the comparison of Lincoln Navigator insurance costs when comparing full coverage to liability only. The information is based on a clean driving record, no claims, $500 deductibles, marital status is single, and no policy discounts are applied.
When to drop comprehensive and collision
There is no exact formula that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Lincoln Navigator settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $4,000 after the deductible is paid. If you are currently paying more than $400 annually for comprehensive and collision coverage, then it might be time to buy liability only.
There are a few situations where buying only liability insurance is not a good idea. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.
The Lincoln Navigator Insurance Premium Equation
Many factors are taken into consideration when you get your auto insurance bill. A few of the factors are predictable like your driving record, although some other factors are more transparent such as your marital status and annual miles driven.
Performance makes a difference – The make and model of the car you drive makes a big difference in your auto insurance rates. The best insurance prices are usually found on lower performance four cylinder passenger cars, but the final cost of insurance is determined by many other factors.
The data below uses these variables: single female driver age 40, full coverage with $100 deductibles, and no discounts or violations. It shows Lincoln Navigator car insurance rates compared to other makes and models that have different performances.
- Lower rates with GPS tracking and theft deterrents – Choosing a vehicle with advanced anti-theft systems can save you a little every year. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all help stop your vehicle from being stolen.
Bad driving leads to higher rates – Your driving record has a big impact on rates. Attentive drivers have lower premiums than their less careful counterparts. Getting just one speeding ticket can bump up the cost to the point where it’s not affordable. People who have flagrant violations like reckless driving, hit and run or driving under the influence may find they need to file a SR-22 with their state in order to legally drive a vehicle.
The example below highlights how traffic violations and fender-benders raise Lincoln Navigator insurance premiums for different age groups. Data assumes a single male driver, comp and collision included, $500 deductibles, and no discounts are applied.
- Safer vehicles cost less to insure – Safer cars get lower rates. Vehicles engineered for safety reduce injuries and reduced instances of injuries translates into savings for insurance companies passed on to you as lower rates. If your Lincoln scored better than four stars on Safercar.gov you are probably receiving a discount.
- Premiums are affected by your credit score – A driver’s credit score will be a significant factor in calculating your insurance rates. If your credit history is low, you could save money insuring your Lincoln Navigator if you improve your credit rating. Drivers who have excellent credit scores tend to be better risks to insure as compared to drivers with lower credit scores.
Lincoln Navigator statistical loss data – Insurers include the past claim trends for vehicles to calculate a price that will offset losses. Vehicles that the data determines to have increased claim numbers or amounts will have a higher cost to insure. The table below outlines the insurance loss data for Lincoln Navigator vehicles.
For each policy coverage type, the claim amount for all vehicles averaged together equals 100. Numbers below 100 indicate a favorable loss history, while numbers that are greater than 100 indicate more frequent losses or tendency to have larger claims.
Lincoln Navigator Insurance Loss Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Lincoln Navigator 4dr 2WD 109 114 61 Lincoln Navigator 4dr 4WD 93 89 82 Lincoln Navigator L 4dr 2WD 129 69 Lincoln Navigator L 4dr 4WD 101 116 119BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years