Did budget coverage turn out to be overpriced Lincoln Navigator insurance in Las Vegas? Believe me, you're not alone.

Insurance for Lincoln NavigatorIt's hard to fathom, but the vast majority of Nevada auto insurance customers have purchased from the same company for at least the last four years, and virtually 40% of consumers have never even compared rates from other companies. With the average premium in the United States being $1,847, drivers could pocket roughly 47% a year, but they just don't understand the rate savings if they replace their high priced policy.

Due to the abundance of insurance companies to choose from that have affordable insurance for a Lincoln Navigator in Las Vegas, it can be challenging to find the lowest price insurance company.

It is always a good idea to check auto insurance prices once or twice a year because prices change regularly. If you had the best rate on Lincoln Navigator insurance in Las Vegas a year ago other companies may now be cheaper. Forget all the misinformation about auto insurance because you're about to find out the quickest way to save money, get proper deductibles and limits, all at the lowest rate.

Just remember that comparing all the rates in your area gives you a better chance of getting the best offered rates. Some companies don't provide rate quotes online, so you should also compare quotes on coverage from those companies, too.

The providers in the list below have been selected to offer price comparisons in Las Vegas, NV. If multiple companies are shown, we suggest you visit two to three different companies to get the best price comparison.

Lincoln Navigator Insurance Price Estimates in Las Vegas, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Navigator 2WD $304 $598 $318 $18 $96 $1,334 $111
Navigator 4WD $288 $616 $400 $24 $120 $1,448 $121
Navigator L 2WD $320 $534 $314 $18 $94 $1,280 $107
Navigator L 4WD $334 $598 $318 $18 $96 $1,364 $114
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Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price information does not factor in zip code location which can alter auto insurance rates significantly.

Cost comparison with and without full coverage

The illustration below illustrates the comparison of Lincoln Navigator insurance costs with full coverage and liability only. The prices are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single female driver, and no discounts are applied to the premium.

Are you wasting money on full coverage?

There is no set rule to stop buying comp and collision coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let's assume your Lincoln Navigator replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after paying the physical damage deductible. If it's costing you more than $500 annually to have full coverage, then it's probably a good time to buy liability coverage only.

There are a few situations where buying only liability insurance is not financially feasible. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Raise deductibles and save

The chart below demonstrates how deductible levels and can impact Lincoln Navigator annual premium costs for each age group. The premium estimates are based on a married female driver, full physical damage coverage, and no policy discounts are applied.

Where to set your deductibles

The hardest decision when buying coverage is where to set your physical damage deductibles. The tables below outline the rate difference when you select higher and lower physical damage deductibles. The first rate table uses a $100 physical damage deductible and the second price grid uses a $500 deductible.

Lincoln Navigator insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Navigator 2WD $334 $650 $308 $18 $92 $1,427 $119
Navigator 4WD $334 $650 $308 $18 $92 $1,427 $119
Navigator L 2WD $368 $650 $308 $18 $92 $1,461 $122
Navigator L 4WD $368 $650 $308 $18 $92 $1,461 $122
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Lincoln Navigator insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Navigator 2WD $244 $438 $308 $18 $92 $1,100 $92
Navigator 4WD $244 $438 $308 $18 $92 $1,100 $92
Navigator L 2WD $268 $438 $308 $18 $92 $1,124 $94
Navigator L 4WD $268 $438 $308 $18 $92 $1,124 $94
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate information does not factor in specific Las Vegas garaging location which can alter rates greatly.

Based on these figures, using a $100 deductible will cost you approximately $28 more each month or $336 a year than choosing the higher $500 deductible. Since you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 14 months between claims, you would probably save some money if you choose the higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $100 deductibles: $121
Average monthly premium for $500 deductibles (subtract): - $93
Monthly savings from raising deductible: $28
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

One thing to note is that higher deductibles results in a higher out-of-pocket expense at claim time. You should have some savings in the bank in the event you have to pay the deductible to have repairs made.

Get cheaper Lincoln Navigator insurance in Las Vegas with discounts

Not many people think insurance is cheap, but there could be significant discounts that can drop the cost substantially. Certain reductions will be credited at the time you complete a quote, but occasionally some discounts must be inquired about prior to getting the savings. If you aren't receiving every discount possible, you are just wasting money.Save money with discounts

Discounts reduce rates, but you should keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Some only reduce the cost of specific coverages such as collision or personal injury protection. Just because you may think you could get a free car insurance policy, it's just not the way it works.

To see a list of companies that provide some of the discounts listed above in Nevada, follow this link.

Local Las Vegas insurance agents and car insurance

Many drivers would rather have an agent's advice. The best thing about comparing car insurance online is the fact that drivers can get the best rates and still choose a local agent. And supporting neighborhood insurance agencies is definitely important in Las Vegas.

Insurance agency in Las VegasTo find an agent, once you fill out this form (opens in new window), your coverage information is sent to companies in Las Vegas that give free quotes and help you find cheaper coverage. It makes it easy because there is no need to drive around because quoted prices will be sent to the email address you provide. You can find better rates without having to waste a lot of time. If you want to compare prices from one company in particular, you can always search and find their rate quote page to submit a rate quote request.

Below are Las Vegas insurance companies who can help you get comparison quotes for Lincoln Navigator insurance in Las Vegas.

1953 N Decatur Blvd - Las Vegas, NV 89108 - (702) 570-5777 - View Map

6420 W Spring Mountain Rd #20 - Las Vegas, NV 89146 - (702) 212-3838 - View Map

6190 W Charleston Blvd - Las Vegas, NV 89146 - (702) 685-3888 - View Map

LaDonna Koeller - State Farm Insurance Agent
4275 N Rancho Dr #155 - Las Vegas, NV 89130 - (702) 636-9447 - View Map

More insurance agents

Picking the best insurance company is decision based upon more than just the premium amount. Below are some questions you should ask.

Once you have answers to your satisfaction to these questions and an affordable coverage quote, it's a good possibility that you have found an insurer that meets the criteria to provide car insurance coverage.

How You Can Control Lincoln Navigator Insurance Premiums

Lots of factors are part of the equation when quoting car insurance. Some are pretty understandable such as your driving record, although some other factors are more transparent like where you live or your commute time. It's important that you understand some of the elements that aid in calculating the rates you pay for auto insurance. If you have some idea of what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you lower rates.

Insuring your Navigator just makes sense

Even though it can be expensive, buying insurance is mandatory in Nevada but it also protects more than you think.

First, the majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability in order to license the vehicle. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you bought your vehicle with a loan, almost all lenders will require you to have comprehensive coverage to protect their interest in the vehicle. If you let the policy lapse, the lender will be forced to insure your Lincoln at a much higher rate and make you pay the higher premium.

Third, insurance protects not only your vehicle but also your financial assets. It will also reimburse you for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability coverage also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will cover the repair costs.

The benefits of having insurance definitely exceed the cost, especially for larger claims. The average driver in America is currently overpaying as much as $800 each year so smart consumers compare quotes at least once a year to ensure rates are inline.

You can find affordable coverage

Lower-priced auto insurance in Las Vegas is definitely available on the web and from local insurance agents, and you need to comparison shop both so you have a total pricing picture. Some companies do not offer online rate quotes and these smaller providers prefer to sell through independent agents.

As you shop your coverage around, never sacrifice coverage to reduce premiums. In many cases, an insured dropped liability limits or collision coverage and found out when filing a claim that the small savings ended up costing them much more. Your objective should be to get the best coverage possible for the lowest price while not skimping on critical coverages.

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