Finding cheaper insurance for a Lincoln LS in Illinois can be a lot of work, but you can use these tips and make it easy.
There is a better way to buy car insurance and we’ll show you the absolute fastest way to quote coverages for a Lincoln and obtain the lowest price from Chicago insurance agents and online providers.
The companies in the list below are our best choices to provide price quotes in Illinois. If multiple companies are listed, it’s highly recommended you get rate quotes from several of them to find the lowest auto insurance rates.
Affordable Chicago auto insurance rates with discounts
Companies that sell car insurance don’t list every policy discount very well, so we break down some of the best known and also the more inconspicuous credits available to bring down your rates.
- One Accident Forgiven – Not a discount per se, but a few companies such as Liberty Mutual and GEICO will let one accident slide without getting socked with a rate hike so long as you are claim-free before the accident.
- New Vehicle Savings – Insuring a vehicle that is new may earn a small discount compared to insuring an older model.
- Passenger Safety Discount – Options like air bags could see savings up to 30%.
- Memberships – Participating in qualifying clubs or civic groups may earn a discount when getting a Chicago auto insurance quote.
- Fewer Miles Equal More Savings – Keeping the miles down on your Lincoln can earn discounted rates on garaged vehicles.
Discounts save money, but please remember that most credits do not apply to all coverage premiums. Most only cut the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like having all the discounts means you get insurance for free, that’s just not realistic.
The best auto insurance companies and a selection of discounts are:
- Farmers Insurance has discounts for youthful driver, homeowner, business and professional, bundle discounts, early shopping, and pay in full.
- State Farm may offer discounts for anti-theft, defensive driving training, Drive Safe & Save, multiple policy, accident-free, and driver’s education.
- Liberty Mutual policyholders can earn discounts including newly married, newly retired, multi-policy, new vehicle discount, safety features, new graduate, and exclusive group savings.
- MetLife offers premium reductions for good driver, multi-policy, claim-free, accident-free, and good student.
- Progressive discounts include continuous coverage, homeowner, multi-policy, multi-vehicle, online quote discount, and good student.
If you want inexpensive Chicago auto insurance quotes, ask all companies you are considering which discounts you may be entitled to. Some discounts might not be offered on policies in Chicago. To view providers with significant discounts in Illinois, click this link.
When to have guidance from an insurance agent
Many people would prefer to sit down with an agent and that is OK! Experienced insurance agents can help you choose the best coverages and help you file claims. One of the great benefits of price shopping on the web is that you can find the best rates and still have an agent to talk to. Buying from local agencies is especially important in Chicago.
Upon completion of this form (opens in new window), the quote information is sent to agents in your area who will give you quotes for your insurance coverage. You won’t need to contact an agency due to the fact that quote results will go to you instantly. If for some reason you want to compare rates from one company in particular, you would need to go to their quote page and fill out the quote form the provide.
The difference between Chicago car insurance agents
If you would like to find a local Chicago insurance agency, you should know the types of agencies and how they operate. Insurance agencies in Chicago can be categorized as either exclusive or independent. Either type can insure your vehicles properly, but it is important to understand the difference between them because it can impact the selection process.
Agents in the independent channel are appointed with more than one company so they can quote policies through lots of different companies and help determine which has the cheapest rates. If they find a cheaper price, your agent can switch companies and you don’t have to switch agencies.
If you need cheaper insurance rates, you absolutely need to get insurance quotes from several independent insurance agents to maximize your price options. Most independent agents also contract with smaller regional carriers that can offer cheaper rates than bigger companies.
Listed below is a list of independent agents in Chicago who may provide cheap rate quotes.
- Lincoln Auto Insurance
855 W Washington Blvd – Chicago, IL 60607 – (312) 666-8800 – View Map
- Beyer Insurance Agency
35 E Upper Wacker Dr #1730 – Chicago, IL 60601 – (312) 922-5300 – View Map
- Eagle Insurance Agency
3517 N Spaulding Ave – Chicago, IL 60618 – (773) 463-7576 – View Map
Exclusive Insurance Agencies
These type of agents can only quote rates from one company like Farmers Insurance, American Family, State Farm and Allstate. These agents are not able to provide rate quotes from other companies so always compare other rates. Exclusive agencies receive a lot of sales training on the products they sell and that allows them to sell at a higher price point. Drivers often purchase coverage from exclusives partially due to high brand loyalty rather than having the cheapest rates.
Shown below are Chicago exclusive agencies that are able to give comparison quotes.
- Linda Kuczka – State Farm Insurance Agent
954 W Webster Ave – Chicago, IL 60614 – (773) 975-9111 – View Map
- Allstate Insurance: Maribel Marron
3060 W Armitage Ave – Chicago, IL 60647 – (773) 572-9495 – View Map
- John Kim – State Farm Insurance Agent
5700 N Lincoln Ave #209 – Chicago, IL 60659 – (773) 561-1700 – View Map
Finding a good car insurance agent requires you to look at more than just a cheap price quote. Before buying a policy in Chicago, get answers to these questions.
- Do they have a Better Business Bureau rating in Chicago?
- Does the agent help file claims?
- Where would your vehicle be repaired?
- Are they actively involved in the community?
- Will they take your side in the event of a claim?
- What insurance companies do they work with in Chicago?
- Is the agency covered by Errors and Omissions coverage?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
Once you have received good responses for all questions you ask and locked in a price quote, chances are good that you have found an auto insurance agent that can be relied on to service your policy. Just be aware that it’s your policy and you can terminate coverage whenever you choose to so don’t assume you’re contractually obligated to any specific company for the full term.
Auto insurance 101
Learning about specific coverages of your 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 coverage can change by endorsement.
This coverage protects you from damage or injury you incur to people or other property in an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 20/40/15 that means you have a limit of $20,000 per injured person, a per accident bodily injury limit of $40,000, and a limit of $15,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage protects against claims like medical services, bail bonds, legal defense fees and loss of income. How much coverage you buy is your choice, but you should buy as high a limit as you can afford. Illinois requires drivers to carry at least 20/40/15 but drivers should carry better liability coverage.
Uninsured/Underinsured Motorist coverage
Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants and damage to your Lincoln LS.
Because many people have only the minimum liability required by law (which is 20/40/15), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like vandalism, a tree branch falling on your vehicle and hail damage. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.
This coverage pays for damage to your LS caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision insurance covers claims like hitting a parking meter, hitting a mailbox and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to bump up the deductible on your LS in order to get cheaper collision rates.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP pay for bills such as hospital visits, ambulance fees and EMT expenses. They are utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
Don’t give up on cheaper premiums
As you restructure your insurance plan, don’t be tempted to reduce coverage to reduce premium. In many instances, an accident victim reduced full coverage only to regret at claim time that it was a big mistake. Your goal is to get the best coverage possible at the best possible price.
We’ve covered a lot of information how to shop for Lincoln LS insurance online. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. You may even be surprised to find that the lowest priced auto insurance comes from some of the smallest insurance companies.
Cheap Lincoln LS insurance in Chicago can be bought on the web and with local Chicago insurance agents, so you should compare both to have the best rate selection. Some insurance companies may not have online price quotes and these regional carriers only sell through local independent agents.
For more information, feel free to browse the following helpful articles:
- Tools for Teen Driving Safety (State Farm)
- What Car Insurance is Cheapest for Hybrid Vehicles in Chicago? (FAQ)
- What Car Insurance is Cheapest for Drivers Over Age 50 in Chicago? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)