There isn’t a single person who looks forward to paying premiums for auto insurance, especially when the cost is too high.
A study showed that over 70% of drivers have bought auto insurance from the same company for well over three years, and roughly 40% of drivers have never even compared quotes to find cheap rates. With the average auto insurance premium being $2,679, Texas drivers could save themselves approximately $1,770 a year just by shopping around, but they don’t know the actual amount they would save if they switch to a new company. With so many different company options, it can be challenging to locate a lower cost company.
Buying affordable auto insurance in Austin seems hard but is not really that difficult. If you are insured now, you will be able to reduce the price you pay using the tips covered below. Vehicle owners only need an understanding of the most efficient way to get comparison rates from many companies at once.
Low cost Austin Lincoln Navigator insurance
The companies shown below provide free quotes in Texas. If the list has multiple companies, we recommend you visit two to three different companies to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Navigator L 2WD||$196||$360||$366||$22||$110||$1,054||$88|
|Navigator L 4WD||$466||$672||$500||$30||$150||$1,818||$152|
|Get Your Own Custom Quote Go|
Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Estimates do not factor in specific zip code location which can impact coverage prices greatly.
Rate comparison of full coverage and liability-only
The information below visualizes the comparison of Lincoln Navigator insurance premiums with and without physical damage coverage. The premiums are based on a clean driving record, no claims, $100 deductibles, single female driver, and no discounts are applied to the premium.
When to eliminate full coverage
There is no written rule to delete physical damage coverage, but there is a general convention. If the yearly cost of full coverage is more than 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.
For example, let’s say your Lincoln Navigator replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $7,000 after paying your policy deductible. If you are paying more than $700 a year for physical damage coverage, then you may want to consider only buying liability coverage.
There are some cases where dropping physical damage coverage is not a good plan. If you still owe a portion of the original loan, you have to carry full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not opt for liability only.
Insurance rate increases from tickets or accidents
The information below demonstrates how speeding tickets and at-fault fender-benders drive up Lincoln Navigator auto insurance rates for different age groups of insureds. The rate quotes are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
Lower rates by qualifying for discounts
Buying auto insurance is not cheap, but you might already qualify for some discounts that you may not know about. Some of these discounts will be visible at the time of purchase, but some must be requested specifically before you will receive the discount.
- Discount for Life Insurance – Select insurance companies reward you with better premium rates if you take out some life insurance in addition to your auto policy.
- Onboard Data Collection – Policyholders that allow driving data collection to study when and where they use their vehicle through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive could save a few bucks as long as they are good drivers.
- Seat Belt Discounts – Drivers who require all vehicle occupants to buckle up can save a little on the medical payments or PIP coverage costs.
- Distant College Student Discount – Any of your kids who attend college more than 100 miles from Austin and do not take a car to college may qualify for this discount.
- Smart Student Discounts – Maintaining excellent grades can save 20 to 25%. Many companies even apply the discount to college students until age 25.
- Claim Free – Drivers with accident-free driving histories can save substantially when compared with drivers who are more careless.
- Discounts for Good Drivers – Drivers without accidents may receive a discount up to 45% compared to rates paid by drivers with frequent claims.
- Theft Deterrent – Vehicles with anti-theft systems are stolen with less frequency and that can save you a little bit as well.
- Multi-Vehicle Discounts – Buying insurance for primary and secondary vehicles on the same auto insurance policy qualifies for this discount.
- Low Mileage Discounts – Driving less could qualify for lower auto insurance rates due to less chance of an accident.
It’s important to understand that most discounts do not apply to the entire policy premium. Most cut individual premiums such as medical payments or collision. So even though they make it sound like you could get a free auto insurance policy, you won’t be that lucky.
For a list of providers that have a full spectrum of discounts in Austin, click here.
Buying the right Navigator insurance in Texas is an important decision
Despite the fact that auto insurance is not cheap in Austin, insurance serves an important purpose.
- Most states have minimum liability requirements which means state laws require specific limits of liability insurance in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Navigator has a loan, most banks will make it a condition of the loan that you buy insurance to protect their interest in the vehicle. If the policy lapses, the bank or lender will purchase a policy for your Lincoln at an extremely high rate and require you to reimburse them a much higher amount than you were paying before.
- Auto insurance protects both your assets and your car. Insurance will also pay for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability coverage will also pay attorney fees if you are sued as the result of your driving. If your Lincoln gets damaged, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of having auto insurance more than offset the price you pay, especially with large liability claims. The average driver in Texas is currently overpaying as much as $820 a year so smart consumers compare quotes at every renewal to ensure rates are inline.
What insurance coverages do I need?
When quoting and comparing the right insurance coverage, there is no best way to insure your cars. You are unique.
These are some specific questions may help highlight if your situation could use an agent’s help.
- Am I covered if I have no license?
- What is motorclub and do I need it?
- Am I covered when using my vehicle for business?
- Does my car insurance cover rental cars?
- Can my teen driver be rated on a liability-only vehicle?
- Who is covered by my policy?
- Can my babysitter drive my car?
- What if I don’t agree with a claim settlement offer?
- How long can I keep a teen driver on my policy?
If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, free and may give you better protection.
Local Austin insurance agents and insurance
A lot of people prefer to talk to an insurance agent and that is just fine! Licensed agents can help you build your policy and help you file claims. A good thing about price shopping on the web is that you can obtain cheaper prices but still work with a licensed agent.
By using this short form, your information is instantly submitted to agents in your area that give free quotes to get your business. You don’t have to find an agent on your own since price quotes are sent straight to your inbox. In the event you want to quote rates from a specific insurance provider, you can always jump over to their website and complete a quote there.
Finding the right company requires more thought than just the price. A good agent in Austin will have answers to these questions.
- What are their preferred companies if they are an independent agency?
- If your car is in the repair shop, do you have coverage for a rental car?
- Are there any discounts for paying up front?
- Do they offer accident forgiveness?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Will they make sure you get an adequate claim settlement?
- Is auto insurance their primary focus in Austin?
- Will the quote change when the policy is issued?
Different types of Austin auto insurance agents
When narrowing the list to find a local agent, there are two different types of agencies and how they are slightly different. Insurance agencies can be classified as either independent agents or exclusive agents depending on their employer. Either one can sell insurance policies, but it is important to understand the difference between them because it may have an impact on your selection of an agent.
Exclusive Insurance Agencies
Exclusive agents generally can only insure with one company like Farmers Insurance or State Farm. These agents are unable to shop your coverage around so they have no alternatives for high prices. Exclusive agents receive extensive training on the products they sell and that can be a competitive advantage.
Listed below is a list of exclusive agencies in Austin willing to provide rate quotes.
Independent Agencies or Brokers
Independent insurance agents are not restricted to one company and that allows them to write policies with a variety of different insurance companies and help determine which has the cheapest rates. If premiums increase, an independent agent can move your coverage and you stay with the same agent.
When searching for an agent, we highly recommend that you check rates from at least one independent agent to get the best comparison.
Shown below is a short list of independent insurance agents in Austin that are able to give comparison quotes.
Once you have received good feedback to any questions you may have as well as an affordable premium quote, chances are good that you have found an auto insurance agent that meets your needs to provide insurance coverage.