We don’t have to point out that fact that auto insurance companies don’t want you to look for cheaper rates. People who shop for lower rates will, in all likelihood, move their business because of the high probability of finding better rates. A recent car insurance study revealed that consumers who compared prices regularly saved about $70 a month compared to people who don’t regularly compare prices.
If finding low prices for auto insurance is why you’re here, then knowing the best ways to shop for coverage rates can make it easier to shop your coverage around.
Truthfully, the best way to get budget Lincoln Navigator insurance in Miami is to compare prices annually from insurers who can sell car insurance in Florida. This can be done by following these guidelines.
- Read about how auto insurance works and the changes you can make to keep rates in check. Many policy risk factors that are responsible for high rates such as your driving record and an unacceptable credit history can be controlled by making minor changes in your lifestyle.
- Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from a single company like GEICO or Allstate, while independent agents can quote rates from multiple sources. Start a quote
- Compare the new rate quotes to the price on your current policy to see if a cheaper rate is available in Miami. If you can save money, make sure coverage does not lapse between policies.
- Give proper notification to your current agent or company of your intent to cancel your current policy and submit payment and a completed application to your new company or agent. Immediately put the proof of insurance certificate in your glove compartment.
A crucial key to this process is that you use identical limits and deductibles on every quote request and and to analyze as many companies as feasibly possible. Doing this provides an apples-to-apples comparison and a complete price analysis.
Just keep in mind that quoting more increases the chance that you will find the best price.
The companies shown below have been selected to offer price quotes in Miami, FL. If you want cheap car insurance in Florida, it’s highly recommended you visit two to three different companies in order to find the most competitive rates.
Auto insurance does more than just protect your car
Despite the potentially high cost of Lincoln Navigator insurance, paying for auto insurance may be mandatory for several reasons.
- Almost all states have minimum liability requirements which means state laws require specific minimum amounts of liability protection if you drive a vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Navigator has a lienholder, more than likely the lender will require that you buy insurance to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Lincoln at a significantly higher premium and make you pay a much higher amount than you were paying before.
- Auto insurance protects both your Lincoln Navigator and your assets. It will also pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also covers legal expenses if you cause an accident and are sued. If you have damage to your Lincoln as the result of the weather or an accident, your policy will pay to repair the damage minus the deductible amount.
The benefits of having auto insurance outweigh the cost, particularly when you have a large claim. The average driver in America is currently overpaying as much as $700 annually so smart consumers compare quotes every year to help ensure money is not being wasted.
The price information displayed next showcases different insurance rates for Lincoln Navigator models. Learning more about how premiums are determined can aid in making smart choices when purchasing an insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Navigator L 2WD||$384||$722||$438||$26||$132||$1,702||$142|
|Navigator L 4WD||$384||$722||$438||$26||$132||$1,702||$142|
|Get Your Own Custom Quote Go|
Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rate information does not factor in vehicle location which can modify premium rates noticeably.
The chart below highlights how deductible selection and can raise or lower Lincoln Navigator insurance premiums for each age group. The rates are based on a single female driver, full physical damage coverage, and no other discounts are factored in.
Driving violations and accidents
The chart below demonstrates how speeding tickets and at-fault accidents can impact Lincoln Navigator insurance costs for different age groups. The rates are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are applied.
Cost difference between full coverage and liability
The example below illustrates the comparison of Lincoln Navigator auto insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single status, and no additional discounts are factored in.
Guidelines for eliminating full coverage
There isn’t a written rule for dropping comp and collision coverage, but there is a general guideline. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s say your Lincoln Navigator claim settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after paying the physical damage deductible. If it’s costing you more than $300 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where dropping full coverage is not recommended. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.
Score discounts to get cheaper Miami car insurance quotes
Some insurers don’t always list every possible discount very well, so we break down a few of the more well known and the harder-to-find car insurance savings.
- Drive Less and Save – Driving less can earn lower car insurance rates due to less chance of an accident.
- Claim-Free Discount – Drivers who don’t have accidents pay less as opposed to accident-prone drivers.
- Discounts for New Vehicles – Insuring a vehicle that is new can cost up to 25% less because newer vehicles have to meet stringent safety requirements.
- Driver’s Education for Students – Have your child participate in a local driver’s education class in school or through a local driver safety program.
- Discount for Home Ownership – Owning your own home or condo can save you money because maintaining a house requires a higher level of personal finance.
- Telematics Discount – People who choose to allow their car insurance company to spy on where and when they drive by using a small device installed in their vehicle such as Progressive’s Snapshot may get a rate reduction if they are good drivers.
- ABS Braking Discount – Cars and trucks equipped with ABS or steering control have fewer accidents and therefore earn up to a 10% discount.
Remember that many deductions do not apply to the whole policy. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, you’re out of luck.
The chart below compares Lincoln Navigator auto insurance costs with and without discounts applied to the policy premium. The data assumes a female driver, no tickets, no at-fault accidents, Florida state minimum liability limits, full coverage, and $1,000 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 their offered discounts are shown below.
- Progressive discounts include continuous coverage, multi-policy, multi-vehicle, good student, online quote discount, and homeowner.
- GEICO offers discounts for anti-lock brakes, multi-vehicle, membership and employees, anti-theft, and military active duty.
- State Farm may offer discounts for accident-free, driver’s education, defensive driving training, passive restraint, and multiple policy.
- Esurance offers discounts including homeowner, anti-lock brakes, multi-policy, safety device, good student, and online quote.
- The Hartford has savings for driver training, anti-theft, bundle, vehicle fuel type, defensive driver, air bag, and good student.
It’s a good idea to ask every company which discounts you may be entitled to. All car insurance discounts may not apply in Miami. To see a list of providers that offer the discounts shown above in Miami, click this link.
Situations that may require an agent’s advice
When buying adequate coverage, there isn’t really a cookie cutter policy. Your financial needs are unique.
Here are some questions about coverages that can aid in determining if your insurance needs may require specific advice.
- I don’t drive much so do I pay less?
- Is my business laptop covered if it gets stolen from my vehicle?
- Am I covered while delivering pizza?
- Is a driver training discount available?
- Should I put collision coverage on all my vehicles?
- What is medical payments coverage?
- Will my insurance pay for OEM parts?
- Are rental cars covered under my policy?
- What is UM/UIM insurance?
If you’re not sure about those questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.