It’s an obvious assumption that insurance companies don’t want policyholders to compare prices from other companies. Insureds who shop for lower rates are inclined to buy a new policy because there is a high probability of finding a lower-priced company. A recent car insurance study discovered that drivers who compared rates annually saved approximately $72 a month compared to people who never shopped around for lower prices.
If saving money on car insurance is the reason you’re reading this, then having some insight into how to compare insurance coverage can help make the process easier and more efficient.
If your goal is the lowest price, then the best way to find discount car insurance rates in Lincoln is to start comparing prices regularly from different companies in Nebraska.
Step 1: Read and learn about auto insurance and the modifications you can make to prevent expensive coverage. Many things that are responsible for high rates such as speeding tickets, careless driving and a bad credit rating can be remedied by making lifestyle changes or driving safer. Read the full article for ideas to get low prices and get additional discounts that may have been overlooked.
Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO and Allstate, while agents who are independent can give you price quotes for a wide range of companies. Compare rates
Step 3: Compare the new quotes to your existing policy to see if a cheaper rate is available. If you can save some money, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Provide adequate notice to your current company of your intention to cancel the current policy and submit payment along with a signed and completed policy application to your new company or agent. Once coverage is bound, keep your new certificate verifying proof of insurance in an easily accessible location.
One thing to remember is that you use the same coverage limits and deductibles on each quote request and and to get rates from as many companies as you can. This ensures an apples-to-apples comparison and the best price selection.
Locating the best rates in Lincoln is much easier if you have a good place to start. If you have insurance now, you will definitely be able to reduce premiums using the ideas covered in this article. Smart shoppers just have to learn the proper methods to quote multiple rates instantly.
Getting a cheaper price on insurance is surprisingly easy. Drivers just need to take a few minutes getting comparison quotes from online providers.
The companies shown below provide free rate quotes in Lincoln, NE. To find the best auto insurance in Nebraska, it’s a good idea that you compare several of them to find the lowest auto insurance rates.
Lincoln insurance discounts for an Acura TL
Some insurers don’t necessarily list the complete list of policy discounts very clearly, so the list below details both well-publicized and also the lesser-known savings tricks you should be using when you buy Lincoln auto insurance online.
- Auto/Home Discount – If you have multiple policies with one company you could save nearly 15% which can help you find cheap TL insurance.
- Discounts for Responsible Drivers – Insureds who avoid accidents may receive a discount up to 45% than drivers with accident claims.
- Low Miles Discount – Low mileage vehicles could qualify for substantially lower insurance rates.
- Discount for New Cars – Insuring a new TL can save up to 30% because new model year vehicles are generally safer.
- Anti-lock Brakes – Cars that have anti-lock braking systems can reduce accidents and the ABS can save up to 10%.
- Life Insurance – Not all insurance companies offer life insurance, but some may give you a discounted rate on car insurance if you buy some life insurance too.
- Senior Citizen Rates – If you qualify as a senior citizen, you may qualify for reduced rates.
- Telematics Discount – Insureds who allow driving data collection to spy on driving manner remotely such as In-Drive from State Farm or Allstate’s Drivewise system could see a rate decrease if they have good driving habits.
As a disclaimer on discounts, most discounts do not apply to the whole policy. Most only apply to individual premiums such as comprehensive or collision. Even though it may seem like you can get free auto insurance, companies wouldn’t make money that way.
The chart below illustrates the difference between Acura TL auto insurance rates with and without discounts applied to the rates. Data assumes a female driver, no driving violations, no at-fault accidents, Nebraska state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, homeowner, safe-driver, multi-car, and marriage discounts applied.
A list of insurance companies and some of the premium reductions they offer are included below.
- State Farm discounts include passive restraint, Drive Safe & Save, accident-free, Steer Clear safe driver discount, and safe vehicle.
- GEICO policyholders can earn discounts including multi-vehicle, daytime running lights, five-year accident-free, multi-policy, and federal employee.
- Allstate offers discounts including anti-lock brakes, defensive driver, passive restraint, utility vehicle, and resident student.
- SAFECO offers discounts for multi-car, teen safety rewards, homeowner, teen safe driver, drive less, safe driver, and accident prevention training.
- Farm Bureau has discounts for 55 and retired, youthful driver, safe driver, multi-vehicle, and driver training.
- Progressive has savings for multi-policy, homeowner, multi-vehicle, online quote discount, and continuous coverage.
- AAA includes discounts for AAA membership discount, good driver, education and occupation, pay-in-full, anti-theft, multi-car, and multi-policy.
When getting free Lincoln auto insurance quotes, it’s a good idea to every prospective company the best way to save money. Some credits might not be available to policyholders in every state. To find insurers who offer free Acura TL insurance quotes in Nebraska, click this link.
Analysis of coverages
The rate table displayed next outlines a range of rate quotes for Acura TL models. Learning more about how auto insurance policy rates are established can be of help when making smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| TL 3.5 | $156 | $284 | $306 | $18 | $92 | $856 | $71 |
| TL 3.5 W/Technology Package | $156 | $284 | $306 | $18 | $92 | $856 | $71 |
| TL 3.7 SH AWD | $156 | $284 | $306 | $18 | $92 | $856 | $71 |
| TL 3.7 SH W/Technology Package AWD | $156 | $326 | $306 | $18 | $92 | $898 | $75 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in Lincoln location which can impact premiums considerably.
Auto insurance rates by gender and age in Lincoln
The illustration below shows the comparison of Acura TL car insurance costs for male and female drivers. The information is based on no claims or driving violations, full physical damage coverage, $250 deductibles, drivers are single, and no policy discounts are applied.
Rate difference between full and liability-only coverage
The example below visualizes the comparison of Acura TL premium costs with full physical damage coverage compared to only buying liability only. The rates are based on no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are factored in.
Are you wasting money on full coverage?
There is no written rule that is best for determining when to drop full coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Acura TL replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $6,000 after paying your policy deductible. If it’s costing you more than $600 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where dropping physical damage coverage is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Can’t I compare prices from local Lincoln auto insurance agents?
Some consumers prefer to buy from a licensed agent and that can be a great decision Most agents can help you choose the best coverages and give you someone to call. The best thing about getting online price quotes is you may find cheap car insurance quotes and still buy from a local agent.
After completing this simple form, your insurance coverage information gets sent to local insurance agents in Lincoln that provide free Lincoln auto insurance quotes for your business. There is no reason to leave your computer as quotes are delivered immediately to your email address. If for some reason you want to get a comparison quote from a specific insurance company, feel free to find their quoting web page and fill out the quote form the provide.
Choosing the best insurance company shouldn’t rely on just a low price. Here are some questions you should ask.
- Who are their largest clients?
- What will you get paid if your car is a total loss? How is that amount determined?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Is the agent and/or agency licensed to do business in Nebraska?
- Which insurance company do they prefer to write with?
- What insurance companies do they work with in Lincoln?
- Do they get paid more for recommending certain coverages?
- Can they help ensure a fair claim settlement?
Not all auto insurance agents are the same
When finding a reputable agency, it helps to know the two different types of agents and how they operate. Car insurance agencies can be described as either independent agents or exclusive agents depending on their employer. Either one can properly insure your vehicles, but it’s worth mentioning the differences since it can affect the type of agent you choose.
Exclusive Insurance Agents
Agents of this type can only provide pricing for a single company such as Allstate, State Farm and Farmers Insurance. They are unable to compare other company’s rates so always compare other rates. Exclusive agents are trained well on their company’s products which aids in selling service over price. A lot of people buy from the same agent for years mostly because of the brand name and the convenience of having all coverages with one company.
Below are Lincoln exclusive agents who can help you get comparison quotes.
- Shelter Insurance – Richard Diers
4242 Cornhusker Hwy – Lincoln, NE 68504 – (402) 464-9511 – View Map - Allstate Insurance: Mitchell Happ
6100 S 58th St e – Lincoln, NE 68516 – (402) 420-5590 – View Map - Gale Breed – State Farm Insurance Agent
8421 Amber Hill Ct #1 – Lincoln, NE 68526 – (402) 483-2802 – View Map
Independent Agents
Agents that choose to be independent are not limited to a single company so they can insure your vehicles through lots of different companies and possibly get better coverage at lower prices. If premiums increase, your policy is moved internally and you don’t have to find a new agent. If you need lower rates, we recommend you get several quotes from a few independent agents to get the best comparison. Most also write with small mutual carriers which can be an advantage.
The following are independent agents in Lincoln that are able to give rate quotes.
- AMS Insurance Center
120 S 29th St – Lincoln, NE 68510 – (402) 476-3599 – View Map - Union Agency Inc
4719 Prescott Ave – Lincoln, NE 68506 – (402) 810-7582 – View Map - Ogden Insurance Agency, Inc.
8531 Lexington Ave #102a – Lincoln, NE 68505 – (402) 466-5655 – View Map
Car insurance coverages for an Acura TL
Learning about specific coverages of your insurance policy can help you determine the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.
Comprehensive insurance
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as a tree branch falling on your vehicle, damage from a tornado or hurricane, damage from getting keyed and falling objects. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Acura TL.
Since many Nebraska drivers have only the minimum liability required by law (25/50/25), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like doctor visits, EMT expenses, ambulance fees and funeral costs. They are used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible
Collision coverage
This coverage covers damage to your TL from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision coverage pays for claims like driving through your garage door, sideswiping another vehicle, backing into a parked car, damaging your car on a curb and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also choose a higher deductible on your TL to bring the cost down.
Liability
Liability coverage will cover injuries or damage you cause to a person or their property by causing an accident. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage pays for things like court costs, emergency aid, loss of income, pain and suffering and medical services. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible. Nebraska state minimum liability requirements are 25/50/25 but you should consider buying more liability than the minimum.
The next chart shows why low liability limits may not be adequate.
Smart consumers save more
You just read many tips how you can reduce Acura TL insurance prices online in Lincoln. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding affordable Acura TL insurance quotes. You may even discover the best price on auto insurance is with the smaller companies.
Consumers leave their current company for a number of reasons such as unfair underwriting practices, poor customer service, delays in responding to claim requests and even not issuing a premium refund. It doesn’t matter what your reason, finding a new auto insurance company is not as hard as you think.
As you quote Lincoln auto insurance, it’s not a good idea to skimp on coverage in order to save money. In many cases, an insured dropped physical damage coverage to discover at claim time that it was a big error on their part. The proper strategy is to buy a smart amount of coverage for the lowest cost.
Additional articles
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Who Has the Cheapest Lincoln Car Insurance Rates for State Employees? (FAQ)
- Who Has Cheap Auto Insurance Rates for High Mileage Drivers in Lincoln? (FAQ)
- Who Has Cheap Lincoln Car Insurance for a Nissan Sentra? (FAQ)
- Who Has Affordable Lincoln Auto Insurance for a Jeep Wrangler? (FAQ)
- What is Gap Insurance? (Insurance Information Institute)
- Learn About Car Insurance (GEICO)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- Your Car has been Stolen: Now What? (Allstate)