Lincoln auto insurance overview
Lincoln is an American automotive company established in 1917. Originally called Lincoln Motor Company, the brand was founded by American engineer Henry M. Leland (who also founded Cadillac). The name Lincoln is a nod to the famed American president. Five years after its inception, it was acquired by Ford and has remained a division of Ford to this day.
Throughout its history, Lincoln has manufactured everything from limousines to sedans, like the infamous Lincoln Town Car. However, by the 2010s, the American automaker had pivoted to SUVs and CUVS, and today, their fleet consists entirely of luxury crossovers and sports utility vehicles. They even introduced their first-ever hybrid-electric vehicle in 2020, the revamped Lincoln Aviator (counterpart to the Ford Explorer).
Lincoln fun facts
- Throughout the 20th century, Lincoln was the go-to automaker of choice for U.S. presidents. They produced several official state limousines, including for presidents Franklin D. Roosevelt and George H. W. Bush. John F. Kennedy, Gerald Ford, Ronald Reagan, and Jimmy Carter all frequently rode in various versions of the Lincoln Continental.
- The Lincoln Corsair is the best-selling vehicle in their lineup.
- The Lincoln brand is only marketed in a handful of countries and regions around the world, including the United States, Canada, Mexico, China, South Korea, and the Middle East (except Iran and Syria).
Types of Lincoln auto insurance coverage
No matter which Lincoln model you own or end up buying, you’ll need to choose between a wide range of coverage options for your car insurance. Some coverage types are mandatory, in which case you’ll need to decide on the amount of coverage to buy. However, several coverage types are optional, so it’s up to you to decide whether to include them in your policy or not. To learn more about the most common auto insurance coverages available to Lincoln drivers in Canada, keep reading:
Third party liability coverage
Liability coverage offers protection if you are found at fault for an accident. This type of coverage can help pay for medical expenses related to bodily injuries, vehicle repair costs, legal counsel, and any applicable court fees. Third party liability coverage is compulsory throughout Canada, which means your car insurance policy will have to include this type of coverage. However, you will be able to choose what amount of liability coverage to buy, so long as it meets the minimum requirement set by each provincial government. For example, in Alberta and Ontario, drivers must carry a minimum of $200,000 in liability coverage at all times.
Unlike liability coverage, collision coverage is optional in Canada, but Lincoln drivers may wish to buy it for added peace of mind. This type of coverage protects the policyholder if they collide with another car or object on the road. Regardless of who is at fault for the accident, collision coverage can help cover the costs of any property damage that resulted from it. Please note that collision coverage does not cover expenses relating to injuries suffered in the accident (this is covered under the accident benefits portion of your policy).
Accident benefits coverage
Accident benefits coverage is another type of mandatory coverage in Canada. It protects the policyholder if they, a passenger, or a pedestrian require medical attention following an accident. Though one’s health insurance may cover the majority of medical expenses, auto insurance can help pay for expenses not covered by health insurance, such as certain prescription medications or physical therapy.
Comprehensive coverage provides protection in a wide range of circumstances. While many coverage options protect drivers against costs relating to collisions, comprehensive coverage protects your vehicle against theft, fire, water damage, and vandalism. This type of coverage is optional but is a popular choice among Canadian drivers.
Accident forgiveness coverage
If you buy Lincoln auto insurance that includes accident forgiveness coverage, your insurance company is not allowed to increase your rate after you get in your first at-fault accident. Like comprehensive coverage, accident forgiveness coverage is optional but may be worthwhile for certain drivers.
Uninsured automobile coverage
Uninsured automobile coverage is mandatory in Canada. It protects the policyholder and any passengers in their vehicle if they get into an accident with an at-fault driver who is uninsured or underinsured.
What factors affect the cost of Lincoln car insurance
As most Canadian drivers know, insurance companies consider a wide range of factors - some of which are within your control and some of which aren’t - when calculating insurance premiums. From your age and location to your driving record and the model and year of Lincoln you choose, a list of the most common factors that impact auto insurance premiums are as follows:
From an insurer’s perspective, age is a significant factor in determining your car insurance premium. Age can be an indication of experience, therefore young drivers with little to no experience behind the wheel typically pay the highest premiums. In contrast, senior drivers, though they may have ample experience, are more likely to get into accidents for a number of reasons. Therefore, elderly drivers in Canada may pay more for Lincoln car insurance.
Where you live and work
Where you intend to drive your Lincoln can also influence your insurance premium. If you live in or near a major Canadian city, such as Toronto, Vancouver, Montreal, or Calgary, you may pay more for insurance. This is because populous areas translate to more cars on the road, which increases your chances of getting into an accident. On the flip side, Lincoln drivers who live in rural parts of Canada may pay less for car insurance. One final geographic factor that can impact your car insurance rate is if you live in a part of the country prone to climate related incidents.
Your driving history will be assessed when calculating your car insurance rate. Lincoln drivers with years of experience and impeccable driving records may be rewarded with lower insurance premiums. If you have decades of driving experience coupled with a clean driving record, this shows the insurance company that you are a safe and responsible driver. In contrast, young drivers with minimal experience or drivers with poor driving records that include tickets, DUIs, and collisions may pay more for car insurance.
Model and year of Lincoln
Finally, the specific Lincoln model you choose can also influence your insurance premium. Generally speaking, new, expensive vehicles cost more to insure. As Lincolns are considered luxury vehicles, they tend to be more expensive, which could translate to higher insurance costs.
How to save money on Lincoln car insurance
Car insurance should never break the bank, even when you purchase a luxury vehicle like a Lincoln. The BrokerLink team knows the ins and outs of the industry, including the best tricks for saving money on car insurance. Check out this list of tips on how to get cheap Lincoln car insurance below:
- Purchase car insurance for multiple vehicles together (savings of up to 20%)
- Buy multiple insurance policies (business insurance + car insurance, leisure vehicle insurance + car insurance, etc…) from the same company (savings of up to 15%)
- Purchase one of Lincoln’s hybrid electric vehicles, such as the Aviator Grand Touring or Corsair Grand Touring (buying an eco-friendly vehicle can result in savings of up to 10%)
- Increase your deductible
- Enrol in driving school (for young drivers)
- Pay auto insurance annually rather than monthly
- Consult with an insurance broker
- Install winter tires on your Lincoln
Get in touch for more information on Lincoln auto insurance
If you still have questions about Lincoln car insurance or would like to receive a free quote, BrokerLink can help.
The BrokerLink team is always on hand to answer your questions, explain the coverage options available to you, and offer our best tips and tricks for saving money on your Lincoln car insurance.
Canadian drivers know they can count on BrokerLink to find them their perfect car insurance policies. We provide car insurance solutions you never thought possible.
When you work with BrokerLink, you gain access to all our resources and expertise. You’ll also be assigned a dedicated insurance advisor who will make it their top priority to find a car insurance plan that meets your needs.
Get started by contacting us today. We can be reached by phone, email, or in person at one of our many locations throughout Canada.
If you have any questions about your 100% obligation-free BrokerLink quote, you can get in touch at any time. We can’t wait to hear from you!
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FAQs about Lincoln auto insurance
Is car insurance mandatory for Lincoln drivers?
Car insurance is mandatory for all Canadian drivers, no matter the make or model of vehicle they drive or which part of the country they live in. Each province and territory sets its own regulations surrounding car insurance. Before purchasing an auto insurance policy, make sure it complies with the minimum coverage requirements set by the province. If you need help choosing a car insurance policy for your Lincoln, or understanding mandatory coverage in your province, contact BrokerLink today.
Used vs. new: Which Lincoln is cheaper to insure?
Used cars are typically cheaper to insure than new cars. This is because they tend to be older, and therefore could cost less to repair or replace if it was damaged or stolen. For this reason, if you’re looking to save money on your Lincoln car insurance, you may wish to purchase a used model.
That said, buying a used car, if it’s older, could cost you in other ways. For example, older cars may be less fuel-efficient, less durable, and may not come with warranties. Therefore, when purchasing any car, be sure to consider all the factors.
What is the least expensive Lincoln model to insure?
It’s hard to answer this question as auto insurance rates are dependent on several factors, several of which have nothing to do with the make or model of your vehicle. However, generally speaking, the less expensive the vehicle, the less it will cost to insure. Though Lincoln is considered a luxury vehicle brand, its price points are extremely varied depending on the model you choose. For example, the 2021 Lincoln Corsair retails for roughly $42,000 in Canada, while the 2021 Lincoln Navigator is over double the cost at $97,000. Therefore, to save money on car insurance, you may wish to choose a less expensive Lincoln model.
Should I buy Lincoln car insurance on the internet?
Nowadays, buying car insurance on the internet is perfectly safe. While some Canadian drivers prefer the convenience and flexibility of shopping for car insurance online, others may like to visit an insurance office in person. No matter how you purchase your Lincoln car insurance, we recommend enlisting the help of a broker. Reputable brokers like BrokerLink will dedicate themselves to finding you the best car insurance policy at the most competitive rate. We also do all the heavy lifting, so while you’re spending your Saturday relaxing at home, we’ll be working behind the scenes to find the perfect policy for you and your family.
*This article is in no way sponsored, endorsed, or associated with Lincoln.