If you want to save the most money, the best way to find affordable Lincoln Navigator insurance is to begin comparing prices regularly from insurers who provide car insurance in Memphis. You can compare prices by following these steps.
- Spend a few minutes and learn about what coverages are included in your policy and the measures you can take to lower rates. Many factors that drive up the price such as at-fault accidents and a bad credit score can be remedied by making lifestyle changes or driving safer.
- Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive and State Farm, while agents who are independent can quote rates for a wide range of companies.
- Compare the price quotes to your current policy premium to see if cheaper Navigator coverage is available in Memphis. If you find a lower rate and buy the policy, make sure coverage does not lapse between policies.
- Provide written notification to your current company to cancel your current auto insurance policy. Submit payment and a completed application to the new company. Once the paperwork is finalized, keep your new certificate verifying proof of insurance with the vehicle registration.
The key thing to know about shopping around is that you’ll want to compare identical deductibles and limits on each quote request and and to analyze as many companies as possible. This enables an apples-to-apples comparison and maximum price selection.
Astonishing but true according to a recent study, a large majority of insurance policyholders have been with the same company for more than four years, and just under half have never even compared quotes to find lower-cost rates. Many drivers in Tennessee could save roughly $480 a year just by getting comparison quotes, but they just don’t understand how easy it is to do a rate comparison.
If you are insured now or just want to save money, you can use this information to get lower rates while maximizing coverage. Locating the most affordable car insurance policy in Memphis is not as hard as you think. Consumers just have to learn the quickest method to compare insurance rates from multiple carriers.
Lowering your auto insurance rates is an easy way to save money. The only thing you need to do is invest a little time to compare rates to find out which insurance company has low cost Memphis car insurance quotes.
The companies shown below can provide quotes in Tennessee. In order to find the best cheap auto insurance in Memphis, TN, we recommend you visit several of them in order to find the most competitive rates.
Insurance coverage analysis
The information displayed below covers detailed analysis of insurance costs for Lincoln Navigator models. Knowing how auto insurance prices are established is important for you to make smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Navigator 2WD | $178 | $350 | $278 | $16 | $82 | $904 | $75 |
| Navigator 4WD | $178 | $350 | $278 | $16 | $82 | $904 | $75 |
| Navigator L 2WD | $196 | $350 | $278 | $16 | $82 | $922 | $77 |
| Navigator L 4WD | $196 | $350 | $278 | $16 | $82 | $922 | $77 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Estimates do not factor in Memphis location which can increase or decrease rates noticeably.
Deductible analysis
One of the most common insurance questions is how high should the physical damage coverage deductibles be. The rates shown below lay out how much more you’ll pay when you select higher and lower policy deductibles. The first set of rates uses a $250 deductible for physical damage and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Navigator 2WD | $280 | $510 | $288 | $18 | $86 | $1,207 | $101 |
| Navigator 4WD | $280 | $510 | $288 | $18 | $86 | $1,207 | $101 |
| Navigator L 2WD | $310 | $510 | $288 | $18 | $86 | $1,237 | $103 |
| Navigator L 4WD | $310 | $510 | $288 | $18 | $86 | $1,237 | $103 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Navigator 2WD | $174 | $320 | $288 | $18 | $86 | $886 | $74 |
| Navigator 4WD | $174 | $320 | $288 | $18 | $86 | $886 | $74 |
| Navigator L 2WD | $192 | $320 | $288 | $18 | $86 | $904 | $75 |
| Navigator L 4WD | $192 | $320 | $288 | $18 | $86 | $904 | $75 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price estimates do not factor in specific location which can influence auto insurance rates substantially.
Based on this data, we can arrive at the conclusion that using a $250 deductible costs an average of $27 more each month or $324 a year across all Lincoln Navigator models than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 28 months between claim filings, you would probably be better off if you elect the higher deductible. The table below shows a better example of how this determination is made.
| Average monthly premium for $250 deductibles: | $102 |
| Average monthly premium for $1,000 deductibles (subtract): | – $75 |
| Monthly savings from raising deductible: | $27 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $27 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 28 months |
The example below illustrates how choosing a deductible and can raise or lower Lincoln Navigator insurance costs for each age group. The rate quotes are based on a married male driver, full coverage, and no additional discounts are factored in.
Insurance rates are higher with tickets and accidents
The diagram below illustrates how traffic citations and at-fault collisions increase Lincoln Navigator annual premium costs for each age group. The data assumes a married female driver, full coverage, $250 deductibles, and no additional discounts are factored in.
Insurance premiums based on gender
The example below shows the comparison of Lincoln Navigator insurance premiums for male and female drivers. The data is based on no tickets, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are taken into consideration.
Does full coverage make sense?
The diagram below illustrates the difference between Lincoln Navigator yearly insurance costs when comparing full coverage to state minimum liability only. The data is based on no violations or claims, $250 deductibles, marital status is single, and no discounts are taken into consideration.
When to stop buying physical damage coverage
There is no definitive rule to stop buying physical damage coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s say your Lincoln Navigator settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after paying your deductible. If it’s costing you more than $500 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some circumstances where dropping full coverage is not advised. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Auto insurance is not optional in Tennessee
Despite the high cost, insuring your vehicle may be required for several reasons.
First, almost all states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability protection in order to license the vehicle. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if you bought your vehicle with a loan, most lenders will stipulate that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender may insure your Lincoln at a much higher premium rate and require you to fork over for the much more expensive policy.
Third, insurance safeguards not only your car but also your assets. It also can pay for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability coverage will also pay attorney fees if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to repair the damage.
The benefits of buying enough insurance greatly outweigh the cost, specifically if you ever have a liability claim. An average driver in America is currently overpaying as much as $820 a year so shop around at every policy renewal to ensure rates are inline.
How to Lower Your Insurance Premiums
Lots of factors are considered when you get a price on insurance. Some are obvious like your driving record, although some other factors are more obscure like your continuous coverage or your commute time. A large part of saving on car insurance is knowing the different types of things that come into play when calculating your policy premiums. When you understand what determines base rates, this enables informed choices that may result in much lower annual insurance costs.
The factors shown below are a partial list of the pieces car insurance companies consider when setting prices.
When should you not file car insurance claims? – If you tend to file frequent claims, you can pretty much guarantee either higher rates or even cancellation. Auto insurance companies in Tennessee generally give most affordable rates to drivers who do not file claims often. Auto insurance is intended for claims that pose a financial burden.
Lower rates with a multi-policy discount – Some car insurance companies apply discounts to insureds that have more than one policy. It’s known as a multi-policy discount. This can amount to ten percent or more. Even with this discount, it’s still a good idea to compare Lincoln Navigator rates in Memphis to help ensure you have the lowest rates. It’s possible to still find better rates by insuring with multiple companies.
Drive less and save – The higher the mileage driven annually the higher your rates will be. Most companies rate vehicles based upon how much you drive. Vehicles left parked in the garage can be on a lower rate level than those that get driven frequently. Double check that your vehicle rating reflects the right rating data, because improper ratings can cost you money. A policy that improperly rates your Navigator is throwing money out the window.
Youthful drivers cost more – Drivers with little experience are statistically proven to be less responsible when driving therefore car insurance rates are much higher. Adding a youthful driver onto your car insurance can be very expensive. Mature drivers are proven to be safer behind the wheel, tend to cause fewer accidents, and usually have better credit.
The data below uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.
Big cities have higher costs – Living in a rural area can save you money if you are looking for the lowest rates. People in densely populated areas regularly have more road rage incidents and a longer drive to work. Fewer drivers corresponds to lower accident rates and also fewer theft and vandalism claims.
Insurance rates and vehicle performance – The performance of the car, truck or SUV you need insurance for makes a big difference in your rates. Lower performance four cylinder passenger cars normally have pretty low rates, but the final cost of insurance is determined by many other factors.
The next chart assumes a married male driver age 30, full coverage with $100 deductibles, and no discounts or violations. The chart compares Lincoln Navigator insurance premiums compared to other makes and models that have different performances.
Loss probability for a Lincoln Navigator – Insurers use past loss statistics for each vehicle to calculate a rate that offsets possible losses. Vehicles that statistically have high amounts or severity of claims will cost more for coverage. The table below outlines the insurance loss data for Lincoln Navigator vehicles.
For each coverage type, the statistical loss for all vehicles compiled together equals 100. Values that are below 100 mean the vehicle has better than average losses, while values over 100 point to more claims or a tendency for losses to be larger than average.
| Specific Lincoln 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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Affordable Memphis insurance quotes with discounts
Properly insuring your vehicles can get expensive, but you may find discounts that can drop the cost substantially. Some discounts will apply at the time you complete a quote, but once in a while a discount must be asked for before they will apply.
- Service Members Pay Less – Having a family member in the military could qualify you for better prices.
- Claim-Free Discount – Insureds with no claims or accidents have much lower rates as opposed to drivers with a long claim history.
- Good Student – Maintaining excellent grades may save you up to 25%. You can use this discount normally up to age 25.
- Student Driver Training – It’s a good idea to have your young drivers successfully complete driver’s ed class in high school.
- Early Switch Discount – A few companies give discounts for buying a policy before your current Navigator insurance policy expires. It could save around 10% when you buy Memphis car insurance online.
You should keep in mind that most discounts do not apply to the overall cost of the policy. A few only apply to individual premiums such as comprehensive or collision. Despite the appearance that you can get free auto insurance, companies wouldn’t make money that way.
The information below compares Lincoln Navigator yearly insurance costs with and without discounts being applied to the rates. The data assumes a female driver, no tickets, no at-fault accidents, Tennessee state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, safe-driver, homeowner, multi-policy, and claim-free discounts applied.
A few popular companies and a partial list of their discounts are:
- State Farm includes discounts for passive restraint, defensive driving training, Drive Safe & Save, driver’s education, and accident-free.
- GEICO may offer discounts for multi-policy, anti-lock brakes, five-year accident-free, driver training, good student, defensive driver, and multi-vehicle.
- Allstate offers premium reductions for resident student, anti-lock brakes, 55 and retired, FullPay discount, auto/life discount, good payer, and teenSMART discount.
- SAFECO offers discounts including anti-theft, safe driver, anti-lock brakes, teen safe driver, bundle discounts, teen safety rewards, and homeowner.
- Farm Bureau offers discounts for driver training, multi-vehicle, youthful driver, safe driver, and 55 and retired.
- Progressive may include discounts for multi-vehicle, continuous coverage, good student, online signing, homeowner, and online quote discount.
- AAA has discounts for AAA membership discount, anti-theft, multi-policy, multi-car, pay-in-full, and education and occupation.
It’s a good idea to ask each insurance company the best way to save money. Some credits might not apply in Memphis. For a list of insurance companies who offer free Lincoln Navigator insurance quotes in Tennessee, click here.
Car insurance is unique, just like you
When it comes to choosing coverage online or from an agent for your vehicles, there really is not a perfect coverage plan. Everyone’s situation is a little different and your car insurance should be unique as well.
For example, these questions can aid in determining whether you would benefit from an agent’s advice.
- How can I get my company to pay me more for my totaled car?
- Will I be non-renewed for getting a DUI or other conviction?
- Are rental cars covered under my policy?
- Do I need motorclub coverage?
- Do I have coverage if my license is suspended?
- Will filing a claim cost me more?
- Why am I required to buy high-risk coverage?
- Do I get a pro-rated refund if I cancel my policy early?
- Are my tools covered if they get stolen from my vehicle?
- Are there any extra discounts I can get?
If you can’t answer these questions, then you may want to think about 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 It only takes a few minutes and can provide invaluable advice.
Compare rates but buy from a neighborhood Memphis auto insurance agent
Many people just want to have an agent’s advice and often times that is recommended Agents can help you choose the best coverages and help file insurance claims. One of the benefits of comparing insurance prices online is you may find better rates and still have a local agent. Buying insurance from local agents is important particularly in Memphis.
To help locate an agent, after submitting this form (opens in new window), your insurance data gets sent to insurance agents in Memphis who will give competitive quotes for your car insurance coverage. You don’t have to visit any agencies as quotes are delivered directly to your email. If you need to compare rates from a specific car insurance provider, you just need to visit that company’s website and give them your coverage information.
Finding the right provider is decision based upon more than just a cheap price quote. The following questions are important to ask.
- Are claim adjusters local or do you have to take your car somewhere else?
- Can they give you a list of client referrals?
- Do you qualify for any additional discounts?
- Has the agent ever had any license suspensions?
- How long have they worked with personal auto insurance coverage?
- Do they see any coverage gaps in your plan?
If you receive reasonable responses to any questions you have as well as an affordable premium quote, chances are good that you have found an insurance company that is professional and can adequately provide car insurance. Just keep in mind you can terminate coverage any time you want so never assume you are locked into a policy indefinitely.
Get the best coverage at the best price
We covered a lot of techniques to save on Lincoln Navigator insurance in Memphis. The most important thing to understand is the more quotes you get, the better your comparison will be. Drivers may even discover the biggest savings come from the least-expected company. Regional companies may often insure only within specific states and give better rates than the large multi-state companies such as State Farm, GEICO and Nationwide.
Some insurance companies do not offer internet price quotes and most of the time these smaller providers only sell coverage through local independent agents. Discount Lincoln Navigator insurance can be found on the web in addition to many Memphis insurance agents, so compare prices from both in order to have the best chance of saving money.
Much more information about insurance in Tennessee can be found at the links below
- Credit Impacts Car Insurance Rates (State Farm)
- Who Has the Cheapest Memphis Car Insurance Quotes for Drivers Over Age 70? (FAQ)
- Who Has Affordable Car Insurance Rates for First-time Drivers in Memphis? (FAQ)
- Who Has Cheap Auto Insurance for a Toyota Corolla in Memphis? (FAQ)
- What Auto Insurance is Cheapest for Low Credit Scores in Memphis? (FAQ)
- Who Has Cheap Memphis Auto Insurance for Seniors? (FAQ)
- Who Has Cheap Memphis Car Insurance for a Nissan Rogue? (FAQ)
- Distracted Driving Statistics (Insurance Information Institute)
- Information for Teen Drivers (GEICO)
- Driving in Bad Weather (Insurance Information Institute)