How many times have you said it's time to compare more affordable auto insurance rates in Lincoln, CA? Confused by the sheer number of auto insurance companies in your area? Consumers have such a large number of options that it can easily turn into a real hassle to find a more affordable company. Everyone knows that Lincoln is an awesome place to live, but budgeting for expensive auto insurance can make it hard for many drivers to afford good insurance coverage.

Inconceivable but true, nearly 70% of drivers kept their coverage with the same auto insurance company for at least the last four years, and approximately 40% of consumers have never even compared quotes to find cheaper rates. Drivers in Lincoln could save an average of up to $500 each year, but most tend to underestimate the benefits if they switched to a cheaper policy.

When shopping for low cost Lincoln car insurance quotes, there are a couple of ways to get quotes from many different California insurance companies. The recommended way to compare rates consists of obtaining rate quotes online.

When comparing insurance rates, know that comparing more prices gives you a better chance of getting lower pricing. Not every company provides online price quotes, so it's important to compare rates from them as well.

The companies shown below provide price quotes in California. If multiple companies are listed, it's a good idea that you visit several of them to get a more complete price comparison.

Insurance Rates for Popular Vehicles in Lincoln
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Extended Cab 2WD $1,474 $737 $123
Chevrolet Equinox LT 2WD $1,166 $583 $97
Chevrolet Impala LT $1,566 $783 $131
Chevrolet Silverado LS Crew Cab 4WD $1,264 $632 $105
Dodge Ram Crew Cab SLT 2WD $1,626 $813 $136
Ford Escape XLS 4WD $886 $443 $74
Ford Explorer Eddie Bauer 4WD $1,608 $804 $134
Ford F-150 Lariat Super Cab 4WD $1,562 $781 $130
Ford Focus SES 2-Dr Coupe $1,720 $860 $143
Honda Accord LX-P 4-Dr Sedan $1,178 $589 $98
Honda CR-V EX 4WD $1,030 $515 $86
Honda Civic SI 4-Dr Sedan $1,516 $758 $126
Hyundai Elantra SE 4-Dr Sedan $1,232 $616 $103
Nissan Altima 2.5 S 4-Dr Sedan $1,372 $686 $114
Toyota Camry XLE $1,606 $803 $134
Toyota Corolla LE $1,372 $686 $114
Toyota Prius $1,104 $552 $92
Volkswagen Jetta 2.0T 4-Dr Sedan $1,450 $725 $121
Get Your Own Custom Quote Go

Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in the specific area where the vehicle is garaged which can lower or raise premium rates greatly.

Cost comparison with and without full coverage

The example below examines Honda Pilot insurance rates when comparing full coverage to state minimum liability only. The information is based on no claims or driving citations, $250 deductibles, single male driver, and no discounts are applied.

Honda Pilot rates are for example purposes only. To get rates for your specific vehicle, click here.

When to eliminate full coverage

There is no definitive rule for phasing out physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let's pretend your Honda Pilot replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after paying your deductible. If premiums are more than $200 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

There are a few situations where dropping full coverage is not advised. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle in case of an accident, you should not drop full coverage.

Males versus Females

The example below compares car insurance costs for male and female drivers in Lincoln. The data is based on no violations or accidents, comprehensive and collision coverage, $100 deductibles, marital status is single, and no policy discounts are applied on a GMC Acadia SLE.

GMC Acadia rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Choosing deductibles

A question often asked by Lincoln drivers is where should you set your physical damage deductibles. The figures shown below can help illustrate how much more rates are between high and low comp and collision deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.

Toyota Corolla rates are for example purposes only. To get rates for your specific vehicle, click here.

Toyota Corolla insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $342 $678 $442 $26 $132 $1,645 $137
Corolla S $342 $678 $442 $26 $132 $1,645 $137
Corolla XLE $342 $678 $442 $26 $132 $1,645 $137
Corolla XRS $386 $678 $442 $26 $132 $1,689 $141
Get a Quote for Your Vehicle Go
Toyota Corolla insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $210 $426 $442 $26 $132 $1,236 $103
Corolla S $210 $426 $442 $26 $132 $1,236 $103
Corolla XLE $210 $426 $442 $26 $132 $1,236 $103
Corolla XRS $238 $426 $442 $26 $132 $1,264 $105
Get a Quote for Your Vehicle Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Rate quotes do not factor in Lincoln location which can revise insurance rates greatly.

Based on the above data, using a $250 deductible costs approximately $34 more each month or $408 for a full year than buying the higher $1,000 deductible. Because you would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 22 months between claims, you would come out ahead by selecting a higher deductible. Here's a better example of how you can make this decision for your own policy.

Average monthly premium for $250 deductibles: $138
Average monthly premium for $1,000 deductibles (subtract): - $104
Monthly savings from raising deductible: $34
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

One big caveat is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense when you have a comprehensive or collision claim. That will require enough disposable savings in order to pay more for the deductible.

How to know if you need help

Always keep in mind that when comparing insurance from an agent or online, there really is no "best" method to buy coverage. Everyone's needs are different.Car insurance savings

For example, these questions might point out whether you might need professional guidance.

If you're not sure about those questions but a few of them apply then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form.

Do I need an insurance agent?

Some consumers prefer to sit down with an agent and that is just fine! One of the great benefits of comparing rates online is you may find cheap insurance quotes but still work with a licensed agent. Putting coverage with small agencies is especially important in Lincoln.

Insurance agents in LincolnTo find an agent, once you fill out this quick form, your information is emailed to agents in your area that can provide free Lincoln car insurance quotes for your insurance coverage. You never need to find an agent because quoted prices will be sent straight to your inbox. You can find the lowest rates AND a local agent. If you have a need to compare rates from a specific insurance provider, you would need to jump over to their website and give them your coverage information.

If you are wanting to find a reliable insurance agent, there are a couple of different agency structures and how they operate. Insurance agencies are considered either exclusive or independent.

Independent Insurance Agents

Agents that elect to be independent do not write with just one company and that gives them the ability to insure through many companies and potentially find a lower price. If you are not satisfied with one company, your agent can just switch to a different company which makes it simple for you. When comparing rates, we recommend you get insurance quotes from at a minimum one independent agency to have the best price comparison. Most also write with small regional insurance companies which can save you money.

Exclusive Insurance Agents

These type of agents can only place business with one company such as State Farm, AAA, and Liberty Mutual. They usually cannot compare other company's rates so it's a take it or leave it situation. They are well trained on what they offer which helps them sell insurance even at higher premiums. Some insured continue to buy insurance from these agents mainly due to the brand legacy and strong financial ratings.

Choosing the best insurance agency shouldn't rely on just a cheap price quote. Some important questions to ask are:

Auto insurance overall losses by make and model

Which vehicle models have severe claims? The statistics tables below list the best and worst vehicles for the overall chance of having to file claims orgainized by coverage.

Medical Payment Coverage Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Tesla Model S Chrysler 200
Ford F-350 SuperCrew Chevrolet Spark
Chevrolet Corvette Nissan Sentra
Ford F-250 SuperCrew Dodge Charger
Ford Expedition Mitsubishi Lancer
Chevrolet Silverado 2500 Kia Forte

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision Insurance Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Jeep Wrangler BMW M6
Nissan Xterra Maserati Ghibli
Ford Edge Bently Continental GT
Mini Cooper Nissan GT-R
Ford F-150 SuperCrew Audi RS7
Ford F-250 SuperCab BMW 6 Series

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Comprehensive Coverage Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Chevy Silverado 2500 Porsche Panamera GTS
Nissan Leaf Maserati Granturismo
Ford F-350 BMW M6
Infiniti QX50 Bentley Continental GT
Volvo V60 Maserati Quattroporte
GMC Sierra 2500 BMW M6

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Liability Coverage Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Mercedes-Benz SL Class Kia Rio
Acura MDX Chevrolet Cruze
Subaru Forester Kia Optima
Audi A6 Chrysler 200
Subaru Outback Dodge Charger
Chevrolet Corvette Chevrolet Sonic

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years