How Much Does 1998 Lincoln Mark VIII Car Insurance Cost?

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: May 12, 2022

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Are you tired of not being able to afford each month for car insurance? You’re in the same situation as many other drivers.

Having so many options, it can be diffult for consumers to pick the right insurance company.

It’s a good idea to shop coverage around periodically since rates change quite often. Despite the fact that you may have had the best rates for Mark VIII insurance two years ago you will most likely find a better rate today. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the easiest way to properly buy coverages while reducing your premium.

How to Lower Your Insurance Coverage Cost

The are a couple different ways to compare quotes from different insurance companies. The easiest way to find competitive 1998 Lincoln Mark VIII insurance rates consists of obtaining rate quotes online. This can be accomplished in just a few minutes using one of these methods.

  1. The first (and easiest) way consumers can analyze rates is to use a rate comparison form like this one (opens in new window). This type of form saves time by eliminating separate quote forms for every insurance coverage company. Completing one form will return quotes from several companies.
  2. Another way to obtain and compare quotes online requires a trip to the website of each company to request a price quote. For examples sake, let’s assume you want comparison quotes from Farmers, 21st Century and Allstate. To get each rate you have to go to every website and enter your policy data, which is why most consumers use the first method.

    For a list of links to companies insuring cars in your area, click here.

  3. The least efficient way to get comparison rates is driving around to insurance agents’ offices. Buying insurance online makes this process obsolete unless you prefer the personal advice of a local agent. It is possible to get prices online but buy from a local insurance agent and we’ll touch on that later.

Whichever way you use, make darn sure you compare identical coverage limits and deductibles for each price quote. If you enter different liability limits then you won’t be able to truly determine the lowest rate. Having just a slight variation in coverages may result in large price differences. And when quoting insurance coverage, remember that getting more free quotes will increase your chances of finding the best offered rates.

Don’t pay full price with these discounts

Auto insurance companies don’t list every available discount very well, so we took the time to find some of the more common and the harder-to-find ways to save on auto insurance.

  • Organization Discounts – Affiliation with certain professional organizations is a good way to get lower rates when shopping for auto insurance for Mark VIII insurance.
  • No Accidents – Claim-free drivers pay much less compared to frequent claim filers.
  • Seat Belt Usage – Requiring all passengers to buckle their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Federal Government Employee – Simply working for the federal government can earn a discount up to 10% for Mark VIII insurance with select insurance companies.
  • Life Insurance – Select insurance companies reward you with better rates if you take out a life insurance policy as well.
  • Defensive Driving Course – Taking part in a driver safety course could cut 5% off your bill and easily recoup the cost of the course.

It’s important to note that most discount credits are not given to your bottom line cost. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Just because you may think having all the discounts means you get insurance for free, it doesn’t quite work that way.

A partial list of companies that may offer these benefits include:

Double check with each company which discounts you may be entitled to. Savings might not apply in your state.

Your personal situation dictates your coverage

When choosing proper insurance coverage, there isn’t really a perfect coverage plan. Each situation is unique so your insurance needs to address that. For instance, these questions could help you determine whether or not you would benefit from an agent’s advice.

  • What exactly is covered by my policy?
  • What happens if I owe more than my 1998 Lincoln Mark VIII is worth?
  • How many claims can I have before being canceled?
  • Where can I find DUI or SR-22 insurance?
  • What is roadside assistance coverage?
  • Is my state a no-fault state?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Car insurance 101

Having a good grasp of your insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverage types found on the average insurance policy.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Lincoln Mark VIII.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like X-ray expenses, funeral costs, prosthetic devices, hospital visits and nursing services. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible

Coverage for collisions

This coverage will pay to fix damage to your Mark VIII from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as damaging your car on a curb, backing into a parked car, colliding with another moving vehicle, hitting a mailbox and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like damage from a tornado or hurricane, damage from flooding, vandalism and hail damage. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability coverage

This can cover damages or injuries you inflict on people or other property. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things such as repair bills for other people’s vehicles, repair costs for stationary objects, pain and suffering and legal defense fees. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.

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