We don’t have to point out that fact that auto insurance companies want to keep you from shopping around. Insureds who shop around for the cheapest rate are inclined to buy a new policy because of the good chance of finding a policy with better rates. A recent survey found that people who compared rates regularly saved $850 each year as compared to drivers who never shopped around for lower prices.
If finding the cheapest rates on car insurance is why you’re here, then having some knowledge of how to shop for insurance premiums can save money and time.
The recommended way to get the cheapest Lincoln Navigator insurance in Raleigh is to start doing an annual price comparison from companies in North Carolina. This can be done by following these guidelines.
- First, get a basic knowledge of how companies set rates and the things you can change to keep rates down. Many factors that are responsible for high rates like traffic violations and an unacceptable credit history can be improved by making minor driving habit or lifestyle changes.
- Second, quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from one company like Progressive and State Farm, while independent agencies can provide price quotes from many different companies. Begin your rate comparison
- Third, compare the price quotes to your current policy premium to determine if switching companies saves money. If you find a lower rate quote and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Fourth, give notification to your current company to cancel your current car insurance policy. Submit payment and a completed application to your new insurance company. Immediately put the new certificate verifying proof of insurance somewhere easily accessible.
An important part of this process is to try to use the same level of coverage on every price quote and and to get price quotes from as many different insurance providers as possible. Doing this provides a fair rate comparison and a complete rate analysis.
How to buy Raleigh Lincoln Navigator insurance online
Getting low cost Lincoln Navigator insurance pricing is an easy way to save money. Consumers just need to invest a few minutes getting comparison quotes to find out which insurance company has inexpensive Raleigh car insurance quotes.
It’s so simple to compare insurance quotes online replaces the need to spend time driving to all the different Raleigh insurance agencies. The ability to quote Lincoln Navigator insurance online can eliminate the need for a local agent unless you have a complicated situation and need the guidance that only a licensed agent can provide. You can, however, comparison shop your insurance online and still use a local agent.
The companies shown below have been selected to offer price quotes in Raleigh, NC. If you want to find cheap car insurance in North Carolina, we recommend you compare several of them in order to find the most affordable rates.
Lincoln Navigator insurance analysis
The rate table displayed below highlights estimates of insurance prices for Lincoln Navigator models. Having a better idea how rate quotes are established can assist in making informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Navigator 2WD | $242 | $440 | $250 | $14 | $74 | $1,020 | $85 |
| Navigator 4WD | $242 | $440 | $250 | $14 | $74 | $1,020 | $85 |
| Navigator L 2WD | $266 | $440 | $250 | $14 | $74 | $1,044 | $87 |
| Navigator L 4WD | $266 | $440 | $250 | $14 | $74 | $1,044 | $87 |
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Estimates do not factor in vehicle location which can impact rates noticeably.
Car insurance prices based on gender
The chart below compares Lincoln Navigator car insurance rates for male and female drivers. The prices are based on no claims or driving citations, comprehensive and collision coverage, $1,000 deductibles, single status, and no discounts are taken into consideration.
Difference between liability only and full coverage rates
The illustration below shows the difference between Lincoln Navigator premium costs when comparing full coverage to liability only. The rates are based on no violations or accidents, $1,000 deductibles, single status, and no discounts are factored in.
Deciding between full coverage and liability only
There is no definitive rule to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Lincoln Navigator replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after you pay the deductible. If you are currently paying more than $800 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are a few cases where only buying liability is not a good idea. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Lincoln Navigator Insurance Rate Factors
Lots of things are used in the calculation when you quote your car insurance policy. Some are pretty understandable such as your driving history, but some are not as apparent such as whether you are married or your financial responsibility. Smart consumers have a good feel for some of the things that come into play when calculating your auto insurance rates. When you understand what influences your rates, this enables you to make decisions that may result in big savings.
- More traffic means higher claims – Having an address in areas with lower population is a positive aspect when buying auto insurance. People in densely populated areas regularly have more road rage incidents and higher rates of accident claims. Fewer drivers means reduced accidents and lower theft and vandalism rates.
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Rates go up with performance – The performance of the car you need to insure makes a significant difference in the rate you pay. The lowest rates are generally reserved for lower cost passenger cars, but the final cost of insurance is determined by many other factors.
The following data assumes a single female driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It compares Lincoln Navigator policy rates compared to other makes and models that have a range of performance risks.
- Better credit means lower costs – Your credit history factor in determining what you pay for auto insurance. Insureds with good credit tend to be better drivers and file fewer claims as compared to drivers with bad credit. If your credit could use some work, you could pay less to insure your Lincoln Navigator by improving your rating.
- Alarms and GPS tracking lower rates – Selecting a car model with a theft deterrent system can save you some money. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your vehicle from being stolen.
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Rates increase with driving citations – Drivers with clean records have lower premiums than their less careful counterparts. Having a single moving violation can boost insurance rates by twenty percent. Drivers with dangerous citations such as DUI or willful reckless driving are required to submit a SR-22 form to the state department of motor vehicles in order to keep their license.
The example below illustrates how traffic citations and fender-benders drive up Lincoln Navigator car insurance rates for each age group. Data assumes a married male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.
- High coverage deductibles cost less – Comprehensive and collision coverage deductibles represent how much money you are required to pay if a claim is determined to be covered. Physical damage protection, also called comprehensive and collision insurance, protects your car from damage. A few examples of covered claims are a windshield broken by a bird, hail damage, and damage caused by road hazards. The larger the amount the insured has to pay upfront, the less money you will pay for auto insurance.
- Drive lots and pay more – The higher the miles on your Lincoln every year the more it will cost to insure it. A lot of companies rate vehicles based on how the vehicle is used. Cars used primarily for pleasure use cost less to insure than those that get driven frequently. It’s always a good idea to double check that your auto insurance policy shows the correct usage, because it can save money. Improper usage on your Navigator can cost quite a bit.
- Better auto insurance rates for continuous auto insurance coverage – Going without insurance is a guaranteed way to increase your auto insurance rates. In addition to paying higher rates, the inability to provide proof of insurance may result in a revoked license or a big fine. You will then be forced to provide proof of insurance in the form of an SR-22 filing with the North Carolina department of motor vehicles.
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Lincoln Navigator claim probability – Companies use past loss statistics for each vehicle when setting rates for each model. Models that statistically have higher number or severity of losses will have a higher cost to insure. The table below outlines the actual insurance loss data for Lincoln Navigator vehicles.
For each type of coverage, the statistical loss for all vehicles, regardless of make or model, is represented as 100. Numbers that are below 100 indicate better than average losses, while percentage values above 100 indicate more frequent claims or tendency to have larger claims.
Lincoln Navigator Insurance Claim Statistics Make and 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 101 116 119 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Why do I need car insurance?
Despite the potentially high cost of Lincoln Navigator insurance, paying for auto insurance may not be optional for several reasons.
First, most states have minimum liability requirements which means you are required to carry a specific minimum amount of liability in order to drive the car. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a lien on your Lincoln Navigator, almost every bank will require you to buy insurance to guarantee loan repayment. If you let the policy lapse, the bank may buy a policy for your Lincoln at a much higher rate and make you pay the higher price.
Third, insurance protects not only your Lincoln Navigator but also your assets. It will also provide coverage for many types of medical costs for yourself as well as anyone injured by you. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If you have damage to your Lincoln as the result of the weather or an accident, your auto insurance policy will pay to have it repaired.
The benefits of having insurance are without a doubt worth the cost, especially if you ever need it. But the average driver in North Carolina is overpaying more than $700 annually so smart consumers compare quotes at least once a year to make sure the price is not too high.