Save on Lincoln Navigator Insurance in Minneapolis

Discount Lincoln Navigator insuranceTo save the most money, the best way to find more affordable Lincoln Navigator insurance is to start comparing rates regularly from different companies who provide car insurance in Minneapolis.

Step 1: Try to comprehend what is in your policy and the modifications you can make to keep rates low. Many rating criteria that drive up the price like distracted driving and a low credit score can be remedied by making minor driving habit or lifestyle changes.

Step 2: Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Farmers Insurance, while agents who are independent can provide price quotes for a wide range of insurance providers.

Step 3: Compare the new rates to your existing policy to see if cheaper Navigator coverage is available in Minneapolis. If you find a lower rate quote and switch companies, ensure coverage does not lapse between policies.

An essential thing to point out is to try to use identical deductibles and limits on every price quote and and to get price quotes from as many companies as feasibly possible. This helps ensure a level playing field and a complete price analysis.

A recent study showed that a large majority of drivers in Minnesota kept buying from the same company for well over three years, and practically 40% of insurance customers have never even compared rates from other companies. U.S. insurance shoppers could save as much as 46.5% every year, but they just assume it’s a time-consuming process to compare rates and save money.

If you are insured now or just want to save money, take advantage of these tips to lower your rates while maximizing coverage. Locating affordable insurance coverage in Minneapolis is not as hard as you think. Smart shoppers just need to use the most time-saving way to compare price quotes from many different companies.

Compare Minneapolis Lincoln Navigator insurance quotes online

Finding a lower price on insurance is actually easier than you may think. You just need to spend a few minutes on the computer comparing price quotes to discover which company has inexpensive Minneapolis car insurance quotes.

The companies shown below are ready to provide free rate quotes in Minnesota. To buy cheap car insurance in Minneapolis, MN, we suggest you click on several of them to get a more complete price comparison.

Rates and other information

The data table displayed below outlines a range of prices for Lincoln Navigator models. Understanding more about how insurance prices are calculated can be useful when making smart choices when purchasing an auto insurance policy.

Lincoln Navigator Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Navigator 2WD $280 $516 $326 $20 $98 $1,240 $103
Navigator 4WD $280 $516 $326 $20 $98 $1,240 $103
Navigator L 2WD $310 $516 $326 $20 $98 $1,270 $106
Navigator L 4WD $310 $516 $326 $20 $98 $1,270 $106
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Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific zip code location which can revise price quotes considerably.

Analysis of deductible levels

The hardest decision when buying coverage is how low should you set your deductibles. The premium rates below show how much more you’ll pay between low and high physical damage deductibles. The first rate comparisons uses a $100 physical damage deductible and the second price chart uses a $500 deductible.

Lincoln Navigator insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Navigator 2WD $344 $668 $318 $18 $94 $1,467 $122
Navigator 4WD $344 $668 $318 $18 $94 $1,467 $122
Navigator L 2WD $378 $668 $318 $18 $94 $1,501 $125
Navigator L 4WD $378 $668 $318 $18 $94 $1,501 $125
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Lincoln Navigator insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Navigator 2WD $250 $452 $318 $18 $94 $1,132 $94
Navigator 4WD $250 $452 $318 $18 $94 $1,132 $94
Navigator L 2WD $276 $452 $318 $18 $94 $1,158 $97
Navigator L 4WD $276 $452 $318 $18 $94 $1,158 $97
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price estimates do not factor in the specific area where the vehicle is garaged which can raise or lower coverage prices significantly.

We can derive from the above data that using a $100 deductible costs about $28 more each month or $336 for a full year than selecting the higher $500 deductible. Since 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 claim filings, you would probably come out ahead if you opt for a higher deductible. The numbers below show how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $124
Average monthly premium for $500 deductibles (subtract): – $96
Monthly savings from raising deductible: $28
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

The illustration below illustrates how your deductible choice and can change Lincoln Navigator insurance prices for different age groups. The price estimates are based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

These nine discounts can lower your insurance quotes

Some companies don’t necessarily list every available discount very clearly, so the below list has a few of the more common in addition to some of the lesser obvious credits available to bring down your rates.Insurance discounts

Discounts reduce rates, but you should keep in mind that most discounts do not apply to the overall cost of the policy. Most only cut individual premiums such as medical payments or collision. So when the math indicates all the discounts add up to a free policy, companies wouldn’t make money that way.

The diagram below compares Lincoln Navigator car insurance costs with and without discounts. The data assumes a female driver, no violations or accidents, Minnesota state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-policy, safe-driver, multi-car, and homeowner discounts applied.

Auto insurance companies that may offer policyholders most of these discounts include:

Double check with all companies you are considering the best way to save money. Some of the earlier mentioned discounts might not be available to policyholders in every state. For a list of insurance companies that can offer you the previously mentioned discounts in Minnesota, click this link.

Auto insurance is not optional but you don’t have to overpay

Despite the high cost, buying auto insurance serves a purpose in several ways.

First, the majority of states have minimum mandated liability insurance limits which means state laws require specific minimum amounts of liability insurance coverage if you don’t want to risk a ticket. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your Navigator has a loan, it’s most likely the lender will make it a condition of the loan that you have physical damage coverage to guarantee payment of the loan. If you let the policy lapse, the bank will be required to insure your Lincoln at a significantly higher premium and make you pay the higher premium.

Third, auto insurance protects both your assets and your car. Insurance will pay for medical expenses incurred in an accident. Liability insurance will also pay attorney fees if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of insuring your car greatly outweigh the cost, particularly for liability claims. Today the average American driver overpays as much as $850 per year so we recommend shopping around at least once a year to ensure rates are inline.

What is the best auto insurance company in Minneapolis?

Choosing a good quality auto insurance provider can be rather challenging considering how many companies sell coverage in Minnesota. The company ratings in the lists below can help you decide which providers you want to consider when shopping around.

Top 10 Minneapolis Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. GEICO – A++
  3. Travelers – A++
  4. State Farm – A++
  5. Allstate – A+
  6. Progressive – A+
  7. Mercury Insurance – A+
  8. The Hartford – A+
  9. Nationwide – A+
  10. Esurance – A+

Top 10 Minneapolis Car Insurance Companies Overall

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

When in doubt talk to an agent

When quoting and comparing coverage for your vehicles, there isn’t really a one size fits all plan. You are unique and your insurance should unique, too.Drive safe and save
These are some specific questions might point out whether you might need professional guidance.

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

Local Minneapolis car insurance agents

Some people would rather buy from a local agent and there is nothing wrong with that. Most agents can help you build your policy and will help you if you have claims. The biggest benefit of comparing rates online is the fact that you can find cheaper auto insurance rates and still choose a local agent.

Minneapolis insurance agentsOnce you complete this form (opens in new window), your coverage information is sent to agents in your area who will give you quotes and help you find cheaper coverage. You won’t need to search for any insurance agencies due to the fact that quote results will go to your email. If you have a need to get a rate quote from a specific insurance company, feel free to go to their quote page and give them your coverage information.

Deciding on an insurer needs to be determined by more than just a cheap price. You should also get answers to these questions.

Exclusive or Independent: There is a difference

If you are searching for an insurance agent, it’s helpful to know the types of agencies and how they are slightly different. Agencies in Minneapolis are considered either exclusive agents or independent agents. Both types can sell car insurance policies, but it’s a good idea to understand the difference in how they write coverage because it can factor into your agent selection.

Exclusive Agents

Agents that choose to be exclusive work for only one company and some examples include State Farm or Allstate. These agents are not able to provide other company’s prices so they really need to provide good service. Exclusive agents receive extensive training on their company’s products which helps them sell insurance even at higher premiums. Some consumers prefer to use the same exclusive agent mainly due to loyalty to the company rather than having the cheapest rates.

The following are exclusive insurance agencies in Minneapolis that can give you price quotes.

More Minneapolis agents

Independent Agents (or Brokers)

These agents do not have single company limitations so they can write business with any number of different companies and get the cheapest rates. If they find a cheaper price, they can switch companies in-house and you don’t have to find a new agent. If you are comparing rate quotes, we recommend you include price quotes from a couple of independent agencies for the best price selection. They often place coverage with smaller regional carriers which can save you money.

Below are Minneapolis independent insurance agents that can give you price quotes.

More Minneapolis agents

If you receive good responses for all questions you ask and an affordable coverage quote, chances are good that you have found an insurance agency that can properly service your car insurance policy. Just remember it’s your coverage and you can cancel coverage at any time so never assume you are locked into the car insurance policy for the full policy term.

Auto insurance coverage information

Understanding the coverages of your policy can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. These are the usual coverages found on most insurance policies.

Medical expense coverage – Med pay and PIP coverage pay for expenses for X-ray expenses, funeral costs and ambulance fees. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Comprehensive protection – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, fire damage and rock chips in glass. The maximum payout your insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability coverages – Liability coverage protects you from injuries or damage you cause to a person or their property by causing an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 30/60/10 that means you have $30,000 bodily injury coverage, a per accident bodily injury limit of $60,000, and a total limit of $10,000 for damage to vehicles and property.

Liability coverage protects against claims such as medical expenses, attorney fees and funeral expenses. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible. Minnesota requires minimum liability limits of 30/60/10 but it’s recommended drivers buy more liability than the minimum.

The illustration below demonstrates why minimum state limits may not be high enough to adequately cover claims.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as damage to your Lincoln Navigator.

Due to the fact that many Minnesota drivers only carry the minimum required liability limits (which is 30/60/10), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Collision coverage – This covers damage to your Navigator from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like sustaining damage from a pot hole, backing into a parked car, sideswiping another vehicle and crashing into a building. This coverage can be expensive, so consider dropping it from older vehicles. You can also choose a higher deductible on your Navigator to save money on collision insurance.