Quote Lincoln Auto Insurance Prices With These Tips

Finding lower rates for Lincoln auto insurance is challenging for consumers new to buying insurance online. There are so many choices that it can easily become a challenge to compare prices in Lincoln.

Don't pay full price with these discounts

Companies don't necessarily list every discount very well, so we researched some of the best known and the more hidden ways to save on auto insurance. If you don't get every credit available, you are throwing money away.

Driver's Ed - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class if it's offered in school.
No Accidents - Claim-free drivers pay much less when compared to drivers who are more careless.
One Accident Forgiven - Some insurance companies permit an accident before your rates go up if your claims history is clear prior to the accident.
Air Bag Discount - Cars that have air bags can receive discounts up to 30%.
Payment Method - If paying your policy premium upfront instead of monthly or quarterly installments you may reduce your total bill.

It's important to note that many deductions do not apply to the entire cost. Most cut the cost of specific coverages such as liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, you're out of luck.

Good Decisions Result in Lower Rates

Smart consumers have a good feel for the rating factors that help determine auto insurance rates. When you know what positively or negatively influences your rates enables informed choices that will entitle you to lower auto insurance prices.

The following are a partial list of the pieces auto insurance companies consider when setting prices.

Frequent auto insurance claims increase rates - Companies in Missouri give discounts to drivers who are claim-free. If you frequently file small claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
Occupation reflects on rates - Did you know your auto insurance rates can be affected by your occupation? Careers like judges, executives and stock brokers tend to have the highest rates attributed to high stress and lengthy work days. On the other hand, jobs such as farmers, students and performers receive lower rates.
Women pay lower rates - The statistics show women tend to be less risk to insure than men. However, this does not mean men are worse drivers. Women and men cause accidents in similar numbers, but the men have costlier accidents. Men also statistically have more aggressive citations like reckless driving and DUI. Young males are several times more likely to be in an accident and therefore are the most expensive to insure.
Poor credit can mean higher rates - Having a bad credit history is a large factor in your rate calculation. Therefore, if your credit is not that good, you could potentially save money when insuring your by improving your rating. Drivers who have excellent credit tend to be better drivers and file fewer claims than those with lower credit scores.
Equipment add-ons that lower auto insurance rates - Driving a car that has an advanced theft prevention system can help lower your rates. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your vehicle from being stolen.
Discounts for multiple policies - Many auto insurance companies provide better rates to people who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount, you may still want to compare other company rates to ensure the best deal. You may still find better rates by splitting coverages up.
Extra coverages can waste money - There are a ton of extra bells and whistles that can waste your money if you aren't careful. Things like personal injury protection, accident forgiveness and term life insurance may be wasting your money. These coverages may sound good at first, but if they're wasting money remove them from your policy.
Liability insurance protects assets - Liability coverage will protect you when a jury decides you are liable for causing damage or personal injury in an accident. Liability insurance provides legal defense starting from day one. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should carry high limits.

The auto insurance bait and switch

Missouri drivers get pounded daily by advertisements for the lowest price auto insurance by State Farm, Allstate and GEICO. They all make the same claim that you can save after switching to their company.

But how can every company say the same thing?

All companies can use profiling for the driver that earns them a profit. For instance, a driver they prefer might be profiled as a mature driver, is a homeowner, and has a short commute. A propective insured who matches those parameters gets the lowest rates and therefore will save a lot of money.

Potential customers who don't measure up to this ideal profile will be quoted a more expensive rate which leads to business not being written. The ads say "people who switch" not "everyone that quotes" save that much. That's why insurance companies can make the claims of big savings. This emphasizes why drivers should get a wide range of price quotes. It's not possible to predict the company that will fit your personal profile best.

Learn more today

Additional detailed information is located at the Missouri Department of Insurance website. Missouri drivers can download brochures, read industry bulletins, and learn about insurance regulations.

Also read more on this site for auto insurance rates in Missouri and this list of insurance agents in Lincoln, MO.

Best coverage at the best price

Insureds change insurance companies for many reasons like extreme rates for teen drivers, high rates after DUI convictions, denial of a claim and even poor customer service. Regardless of your reason, finding the right auto insurance provider is less work than it seems.

Lower-priced auto insurance can be sourced on the web and also from your neighborhood Lincoln agents, and you need to price shop both to have the best rate selection. Some insurance providers may not provide you the ability to get quotes online and these small, regional companies work with independent agents.

As you shop your coverage around, don't be tempted to skimp on coverage in order to save money. There have been many situations where an accident victim reduced liability coverage limits only to discover later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase plenty of coverage at an affordable rate while still protecting your assets.