Best Ways to Save on Plano Lincoln Navigator Insurance

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I can't think of a single person who gets a kick out of paying for insurance, in particular when the prices are way too high.

Insurance rates Lincoln Navigator in PlanoInconceivable but true, a large majority of consumers kept buying from the same company for at least the last four years, and virtually 40% of consumers have never compared rates from other carriers. Consumers in the U.S. can save hundreds of dollars each year by just comparing rate quotes, but they won't spend time to compare rates online.

Popular companies such as State Farm, GEICO and Farmers Insurance all claim big savings with ad campaigns and it can be hard to see through the deception and find the best price available.

Smart consumers take time to do price comparisons quite often because insurance prices change frequently. Just because you found the lowest rate on Lincoln Navigator insurance in Plano six months ago you can probably find a lower rate today. Forget all the misinformation about insurance because we're going to show you the proper way to find better rates and still maintain coverage.

These discounts can cut Lincoln Navigator insurance rates

Buying auto insurance is not cheap, but there may be some discounts that could help you make your next renewal payment. Certain credits will be shown when you complete an application, but a few need to be specifically requested in order for you to get them.

  • Multiple Vehicles - Drivers who insure more than one vehicle on the same auto insurance policy can reduce rates for all insured vehicles.
  • Switch and Save Discount - A few insurance companies offer discounts for switching policies prior to the expiration date on your current Navigator insurance policy. This discount can save up to 10%.
  • Life Insurance Discount - Some insurance companies give a discounted premium rate on car insurance if you buy a life policy as well.
  • E-sign - A few companies provide a small discount just for signing your application on your computer.
  • Membership in Organizations - Belonging to certain professional organizations could qualify you for a break on auto insurance.
  • Own a Home and Save - Being a homeowner may trigger a policy discount on auto insurance because it shows financial diligence.
  • Lower Rates for Military - Having an actively deployed family member could mean lower premium rates.
  • ABS and Traction Control Discounts - Cars and trucks with ABS braking systems or traction control have fewer accidents and therefore earn up to a 10% discount.
  • No Charge for an Accident - This isn't a discount exactly, but companies like GEICO, State Farm, and Progressive will turn a blind eye to one accident without the usual rate increase if you have no claims for a specific time period.

Just know that most of the big mark downs will not be given to all coverage premiums. The majority will only reduce the cost of specific coverages such as medical payments or collision. So despite the fact that it appears all the discounts add up to a free policy, it just doesn't work that way.

The illustration below visualizes the comparison of Lincoln Navigator insurance costs with and without policy discounts. The rate quotes are based on a female driver, no violations or accidents, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, marriage, homeowner, and multi-policy discounts applied.

Companies who might offer most of these discounts may include but are not limited to:

Check with each company which discounts you qualify for. Depending on the company, some discounts may not apply to policyholders everywhere. To view insurance companies with discount auto insurance rates in Plano, follow this link.

When shopping for Lincoln Navigator insurance in Plano there are multiple ways of comparing rate quotes from local Plano car insurance companies. The best way to find competitive Lincoln Navigator insurance rates is to get quotes online.

It's so fast and easy to compare rates online that it makes it obsolete to drive around to and from local Plano insurance agencies. Comparing Lincoln Navigator insurance rates online reduces the need to sit down with an agent unless you have a need for the professional guidance only provided by licensed Plano agents. Although, it is possible compare online quotes and have a local agent actually service the policy.

When comparison shopping, more quotes will increase your chances of finding the best price. Some companies don't provide online Plano Navigator insurance quotes, so it's important to compare rates on coverage from those companies, too.

The companies in the list below can provide free rate quotes in Texas. If you want the best car insurance in Texas, we suggest you visit as many as you can to get a more complete price comparison.

Analysis of coverages

The rate information shown below covers detailed analysis of prices for Lincoln Navigator models. Learning a little about how car insurance premiums are figured is important to be able to make informed coverage decisions.

Lincoln Navigator Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Navigator 2WD $258 $560 $430 $26 $128 $1,402 $117
Navigator 4WD $258 $560 $430 $26 $128 $1,402 $117
Navigator L 2WD $286 $560 $430 $26 $128 $1,430 $119
Navigator L 4WD $286 $560 $430 $26 $128 $1,430 $119
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific garaging location which can modify auto insurance rates noticeably.

Policy deductibles

When shopping for auto insurance, a common question is which deductibles should you choose. The comparisons below may help to illustrate the costs and benefits between low and high physical damage deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second price chart uses a $500 deductible.

Lincoln Navigator insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Navigator 2WD $412 $804 $382 $22 $114 $1,759 $147
Navigator 4WD $412 $804 $382 $22 $114 $1,759 $147
Navigator L 2WD $454 $804 $382 $22 $114 $1,801 $150
Navigator L 4WD $454 $804 $382 $22 $114 $1,801 $150
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Lincoln Navigator insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Navigator 2WD $300 $542 $382 $22 $114 $1,360 $113
Navigator 4WD $300 $542 $382 $22 $114 $1,360 $113
Navigator L 2WD $332 $542 $382 $22 $114 $1,392 $116
Navigator L 4WD $332 $542 $382 $22 $114 $1,392 $116
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Premium costs do not factor in your specific Plano location which can impact auto insurance rates substantially.

Based on the figures above, using a $100 deductible would cost the average driver about $34 more each month or $408 for a full year than opting for the higher $500 deductible. Because you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 12 months between claim filings, you would probably save some money if you choose the higher deductible. The numbers below show a better example of how this determination is made.

Average monthly premium for $100 deductibles: $149
Average monthly premium for $500 deductibles (subtract): - $115
Monthly savings from raising deductible: $34
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 12 months

One thing to note is that raising deductibles means you will have to pay more of your own money when you have a claim. That will require some savings in the event you need to pay more to get your vehicle repaired.

The illustration below demonstrates how choosing different deductibles and can impact Lincoln Navigator premium costs for each different age category. The premium estimates are based on a married male driver, full physical damage coverage, and no policy discounts are applied.

Lincoln Navigator insurance premiums by gender and age

The example below shows the comparison of Lincoln Navigator annual premium costs for male and female drivers. The rates are based on no tickets, no at-fault accidents, full coverage, $500 deductibles, single status, and no discounts are applied to the premium.

Cost comparison with and without full coverage

The chart below shows the comparison of Lincoln Navigator auto insurance rates with full physical damage coverage compared to only buying liability only. The premium estimates are based on no violations or accidents, $100 deductibles, drivers are not married, and no additional discounts are factored in.

Should you buy full coverage or liability only?

There is no exact formula for phasing out physical damage insurance, but there is a general school of thought. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Lincoln Navigator settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $5,000 after you pay the deductible. If premiums are more than $500 annually for full coverage, then you may want to consider only buying liability coverage.

There are some situations where buying only liability insurance is not financially feasible. If you still have a lienholder on your title, you have to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Why Smart Consumers Pay Less for Lincoln Navigator Insurance

Consumers need to have an understanding of the different types of things that help calculate the rates you pay for auto insurance. If you have some idea of what positively or negatively impacts your premiums, this helps enable you to make changes that may reward you with lower rates.

  • Lower stress equals lower rates - Did you know your auto insurance rates can be affected by your occupation? Careers like military personnel, police officers, and stock brokers are shown to have higher rates than the rest of us in part from high stress and lots of time spent away from family. Other jobs such as scientists, athletes and homemakers have the lowest average rates.
  • No insurance claims equals cheaper auto insurance rates - If you file a lot of claims you can pretty much guarantee much higher rates or policy non-renewal. Insurance companies in Texas give cheaper rates to drivers that do not abuse their auto insurance. Insurance coverage is meant to be used in the event of the bigger claims that can't be paid out-of-pocket.
  • Is your vehicle theft-ready? - Choosing a vehicle with a theft deterrent system can help lower your premiums. Theft prevention features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent car theft.
  • Eliminate incidental coverages - Insurance companies have many additional coverages that you can buy if you don't pay attention. Add-on coverages like rental car reimbursement, high-cost glass coverage, and motor club memberships may not be needed and are just wasting money. These may sound like a good investment when you first buy your policy, but if you have no use for them eliminate the coverages to reduce your premium.
  • Premiums are affected by your credit score - Having a bad credit history will be a significant factor in calculating your auto insurance rates. People with excellent credit tend to be more responsible and file fewer claims as compared to drivers with poor credit scores. If your credit history can be improved, you could save money insuring your Lincoln Navigator by spending a little time repairing your credit.
  • Teen drivers cost more - Older drivers are more responsible, are lower risk to insure, and are safer drivers. Teenage drivers are statistically proven to be inattentive and easily distracted when behind the wheel so they pay higher auto insurance rates.

    The data below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

  • Lincoln Navigator insurance loss data - Insurance companies factor in insurance loss information as a tool for profitable underwriting. Vehicles that the data determines to have higher frequency or amount of claims will have a higher premium rate.

    The table below outlines the insurance loss data used by companies for Lincoln Navigator vehicles. For each coverage category, the statistical loss for all vehicles as a whole is a value of 100. Numbers under 100 imply a favorable loss record, while numbers above 100 show a trend for more claims or statistically larger claims.

    Insurance Loss Ratings for Lincoln Navigator Vehicles
    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

    Empty fields indicate not enough data collected
    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Local Plano insurance agents

A small number of people would rather have an agent's advice and often times that is recommended One of the benefits of getting free rate quotes online is that you can find cheap rate quotes and still choose a local agent.

Insurance agency in PlanoOnce you complete this form (opens in new window), the quote information is emailed to agents in your area that give free quotes for your insurance coverage. There is no need to even leave your home due to the fact that quote results will go immediately to your email address. You can find the lowest rates without the usual hassles of price shopping. If you have a need to compare prices from a specific insurance company, you would need to go to their quote page and submit a quote form there.

Picking the best insurer needs to be determined by more than just the quoted price. Below are some questions you should ask.

  • How is replacement cost determined on your vehicle?
  • Will high miles depreciate repair valuations?
  • Does the company use OEM repair parts?
  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
  • Did they already check your driving record and credit reports?
  • What is the agency's Better Business Bureau rating?

What type of Plano car insurance agent is right for you?

If you are searching for a good Plano insurance agent, you must know there are a couple different types of agencies and how they can service your needs differently. Insurance agents may be either independent agents or exclusive agents depending on their employer.

Exclusive Insurance Agents

These type of agents can usually just insure with one company and some examples include State Farm, Allstate and AAA. Exclusive agents cannot provide rate quotes from other companies so always compare other rates. They receive extensive training on the products they sell and that allows them to sell at a higher price point.

Shown below are exclusive agents in Plano willing to provide rate quotes.

4670 McDermott Rd #206 - Plano, TX 75024 - (972) 867-2778 - View Map

1721 W Plano Pkwy Ste 127 - Plano, TX 75075 - (972) 596-5511 - View Map

1729 N Central Expy Suite A - Plano, TX 75075 - (972) 509-5600 - View Map

More Plano agents

Independent Insurance Agencies

Independent agencies do not sell for just one brand so they can write business with lots of companies and find you the best rates. If you want to switch companies, your agent can switch companies which makes it simple for you.

When comparing rate quotes, you need to get several quotes from several independent agencies in order to compare the most rates.

Shown below is a short list of independent agencies in Plano who can help you get comparison quotes.

903 18th St Ste 124 - Plano, TX 75074 - (972) 424-4209 - View Map

Best Insurance Agent
4332 Belvedere Dr - Plano, TX 75093 - (972) 398-2697 - View Map

542 Haggard St #502 - Plano, TX 75074 - (972) 335-4115 - View Map

More Plano agents

Why you need auto insurance

Even though Plano Navigator insurance rates can get expensive, auto insurance is required in Texas but it also protects you in many ways.

First, almost all states have compulsory liability insurance requirements which means the state requires specific minimum amounts of liability if you don't want to risk a ticket. In Texas 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 your Navigator has a lienholder, it's guaranteed your bank will stipulate that you have insurance to guarantee payment of the loan. If you do not keep the policy in force, the lender will be forced to insure your Lincoln at an extremely high rate and require you to pay a much higher amount than you were paying before.

Third, insurance safeguards both your vehicle and your assets. It also can pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if you are sued as the result of an accident. If you have damage to your Lincoln as the result of the weather or an accident, comprehensive and collision coverage will cover the repair costs.

The benefits of buying auto insurance are without a doubt worth the cost, especially when you need to use it. On average, a vehicle owner in Plano is wasting up to $825 a year so it's recommended you shop around at every renewal to ensure rates are inline.

What is the best auto insurance company in Plano?

Insuring your vehicle with the top insurer is hard considering how many choices there are in Texas. The company rank data in the lists below could help you choose which companies to look at putting your business with.

Top 10 Plano Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Keep this in mind when shopping around

We just covered many ways to shop for Lincoln Navigator insurance online. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your car insurance rates. You may even be surprised to find that the lowest rates are with the smaller companies. Regional companies can often provide lower car insurance rates in certain areas as compared to the big name companies such as Progressive or GEICO.

As you restructure your insurance plan, never reduce coverage to reduce premium. In too many instances, an insured dropped collision coverage only to discover later that it was a big mistake. The goal is to buy a smart amount of coverage at the best price while not skimping on critical coverages.

How to find better rates for Lincoln Navigator insurance in Plano

If your goal is the lowest price, then the best way to get the cheapest Lincoln Navigator insurance is to regularly compare quotes from insurance carriers in Plano.

  1. Read about how auto insurance works and the measures you can control to keep rates in check. Many rating criteria that result in higher prices like accidents, careless driving, and a bad credit score can be rectified by paying attention to minor details.
  2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from a single company like GEICO and Allstate, while independent agents can provide prices from multiple companies.
  3. Compare the new rate quotes to your existing rates to see if you can save by switching companies. If you find a lower rate quote, make sure coverage does not lapse between policies.
  4. Notify your agent or company of your decision to cancel your existing policy and submit a down payment and signed policy application for the new coverage. When you receive it, put the new certificate verifying coverage in a readily accessible location in your vehicle.

The most important part of shopping around is to make sure you're comparing the same level of coverage on each price quote and and to get rates from as many companies as you can. Doing this enables an apples-to-apples comparison and the best price selection.

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