Paying cheap coverage rates for Lincoln Navigator insurance in Anchorage could be hard for drivers new to comparing prices online. People have so many agents and companies to choose from that it can be hard work to find the lowest price on Lincoln Navigator insurance.
It’s an obvious statement that insurance companies don’t want you to compare rates. People who shop around annually are highly likely to buy a new policy because the odds are good of finding a policy with better rates. A recent car insurance study revealed that consumers who regularly compared rates saved about $850 each year compared to those who didn’t regularly shop around.
If finding the most affordable car insurance is why you’re here, then having an understanding of the best way to quote and compare insurance premiums can make the process less intimidating.
How to shop Lincoln Navigator insurance online
Just remember that comparing a large number of companies increases the chance that you will find more affordable insurance.
The providers in the list below offer free quotes in Anchorage, AK. If you want the cheapest car insurance in Anchorage, AK, we suggest you visit two to three different companies in order to find the cheapest rates.
Lincoln Navigator detailed coverage information
The price information below highlights estimates of coverage costs for Lincoln Navigator models. Understanding how car insurance premiums are formulated can be of help when making smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Navigator 2WD | $240 | $442 | $280 | $16 | $84 | $1,062 | $89 |
| Navigator 4WD | $240 | $442 | $280 | $16 | $84 | $1,062 | $89 |
| Navigator L 2WD | $266 | $442 | $280 | $16 | $84 | $1,088 | $91 |
| Navigator L 4WD | $266 | $442 | $280 | $16 | $84 | $1,088 | $91 |
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium amounts do not factor in zip code location which can impact coverage prices considerably.
The information below illustrates how your choice of deductibles and can change Lincoln Navigator insurance premiums for each different age category. Data assumes a married male driver, comp and collision included, and no policy discounts are applied.
Drive safe and save
The chart below highlights how traffic violations and at-fault accidents can increase Lincoln Navigator auto insurance rates for different age groups. The prices are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.
Cost difference between full coverage and liability
The illustration below illustrates the difference between Lincoln Navigator car insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on no claims, a clean driving record, $100 deductibles, marital status is single, and no discounts are factored in.
When to switch to liability coverage only
There is no definitive guideline of when to exclude comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Lincoln Navigator claim settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $5,000 after the deductible is paid. If you are currently paying more than $500 annually to have full coverage, then you might consider buying liability only.
There are some cases where only buying liability is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not remove full coverage.
Lincoln Navigator Insurance Premiums Can Be Lower
Smart consumers have a good feel for the different types of things that help determine the rates you pay for auto insurance. If you know what influences your rates, this enables informed choices that will entitle you to much lower annual insurance costs. Lots of things are taken into consideration when quoting car insurance. Some are pretty understandable such as traffic violations, but some are not as apparent such as your marital status or your vehicle rating.
The list below includes some of the major factors used by your company to calculate premiums.
Male premiums may be higher – Statistics show women tend to be less risk to insure than men. However, this does not mean men are WORSE drivers than women. Both genders tend to get into auto accidents in similar percentages, but guys get into accidents with more damage. In addition to higher claims, males also have more aggressive citations like DWI (DUI) or reckless driving.
The diagram below compares Lincoln Navigator premium costs for male and female drivers. The rates are based on a clean driving record, no claims, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are factored in.
Safer cars cost less to insure – Vehicles that have high safety ratings tend to have better insurance rates. These vehicles help reduce the chance of injuries in an accident and fewer serious injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Lincoln Navigator is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.
High physical damage deductibles save money – Your deductibles state the amount of money you are willing to pay if a claim is determined to be covered. Protection for physical damage, also called comprehensive and collision insurance, covers damage that occurs to your car. Some instances where coverage would apply could be rear-ending another vehicle, damage from fire, and having a roll-over accident. The more you pay before a claim is paid (deductible), the better rate you will receive.
Single drivers take more risk – Your spouse may save some money on your policy. Marriage may mean you are more mature than a single person and statistics show drivers who are married file infrequent claims.
Deter car thieves – Selecting a car model with anti-theft technology or alarm system can help lower your rates. Theft deterrent systems such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help stop vehicle theft.
Incidental coverages may not be needed – Insurance policies have a lot of additional coverages that sound like a good idea at the time when buying auto insurance. Coverage for things like coverage for rental cars, towing, and extra life insurance coverage are probably not needed. They may seem good when buying your policy, but if they’re wasting money consider taking them off your policy.
Lincoln Navigator insurance claim data – Car insurance companies use claims history to calculate a price that will offset any claims. Vehicles that the statistics show to have high amounts or severity of claims will be charged more to insure. The information below illustrates the historical loss data for Lincoln Navigator vehicles.
For each coverage category, the claim probability for all vehicles combined as an average is represented as 100. Values that are 100 or less suggest a positive loss record, while values that are 100 or greater indicate higher probability of having a loss or an increased chance of a larger loss.
| Vehicle 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
Statistics from IIHS.org for 2013-2015 Model Years
It may be expensive, but it’s not optional
Despite the high cost of buying insurance for a Lincoln Navigator in Anchorage, insurance serves several important purposes.
- The majority of states have minimum liability requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage in order to drive the car legally. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your vehicle, it’s guaranteed your bank will require that you buy full coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank may buy a policy for your Lincoln for a lot more money and force you to reimburse them the higher price.
- Insurance preserves not only your Lincoln Navigator but also your financial assets. It will also reimburse you for many types of medical costs that are the result of an accident. Liability insurance also covers legal expenses if you cause an accident and are sued. If your Lincoln gets damaged, your insurance policy will pay to have it repaired.
The benefits of insuring your car definitely exceed the cost, especially if you ever need it. But the average driver in Alaska is wasting up to $869 every year so shop around at every policy renewal to save money.