Are Your Lincoln MKZ Auto Insurance Rates Way Too Expensive?

Finding low-cost insurance for a Lincoln MKZ could be a lot of work, but you can use these tips to make it easier. There is a better way to buy auto insurance and we’ll show you the proper way to compare rates for a Lincoln and obtain the cheapest rates from local insurance agents and online providers.

How to Compare Auto Insurance

Performing a rate comparison can take time and effort if you aren’t aware of the most efficient way to do it. You can waste a few hours (or days) driving to insurance companies in your area, or you could use the web to get prices fast.

Many of the larger companies participate in an industry program where prospective buyers submit their information once, and at least one company can give them a price. This eliminates the need for form submissions for each company you want a rate for.

To find out how much you’re overpaying now click here (opens in new window).

The only drawback to using this type of form is you can’t choose which providers you want to price. So if you want to select individual companies to receive pricing from, we have a listing of auto insurance companies in your area. View list of insurance companies.

Whichever way you use, be sure to compare identical coverage information for every company. If the quotes have different limits and deductibles on each one it will be impossible to determine the lowest rate for your Lincoln MKZ.

Can switching companies really save?

Consumers get pounded daily by advertisements for car insurance savings by companies like GEICO, State Farm and Progressive. All the companies have a common claim that you can save if you move to them.

But how can every company make the same claim? This is how they do it.

Different companies are able to cherry pick for the right customer that earns them a profit. A good example of a preferred risk could possibly be between 25 and 40, insures multiple vehicles, and chooses high deductibles. Any new insured that hits that “sweet spot” will get very good rates and therefore will save a lot of  insurance quote

Potential insureds who don’t meet these standards will be charged more money and this can result in business going elsewhere. The ads say “drivers who switch” not “people who quote” save that kind of money. That’s why insurance companies can confidently claim big savings. That is why you should get as many quotes as possible. It is impossible to predict the company that will provide you with the cheapest rates.

Complexity of Lincoln MKZ insurance rates

Consumers need to have an understanding of the factors that go into determining your auto insurance rates. Knowing what determines base rates helps enable you to make changes that can help you get better auto insurance rates.

  • Where you live – Being located in a small town can be a good thing when insuring your vehicles. Lower population means fewer accidents and also fewer theft and vandalism claims. Drivers who live in large cities regularly have much more traffic to deal with and a longer drive to work. Higher commute times can result in more accidents.
  • How your age affects price – Older insureds tend to be more responsible, statistically cause fewer accidents and are safer drivers. Young drivers have a tendency to get distracted easily when behind the wheel and because of this, their auto insurance rates are much higher.
  • Adjust deductibles and save – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Lincoln. A few examples of covered claims would be colliding with a building, damage caused by hail, and burglary. The deductibles are how much you are required to spend out-of-pocket in the event of a claim. The more you have to pay, the bigger discount you will receive for MKZ coverage.
  • Discounts for multiple policies – Many auto insurance companies will give a discount to insureds who consolidate policies with them, otherwise known as a multi-policy discount. Even with this discount, you may still want to shop around to ensure the best deal. You may still find a better deal by splitting coverages up.
  • Never allow your policy to lapse – Letting your insurance expire will be a sure-fire way to bump up your auto insurance costs. Not only will you pay more, but not being able to provide proof of insurance will get you a license revocation or jail time.
  • Small claims can cost you – Auto insurance companies award lower rates to drivers who do not file claims often. If you frequently file small claims, you can pretty much guarantee either higher rates or even cancellation. Insurance coverage is designed for major claims that would cause financial hardship.

Discounts are available to cut your rates

Companies that sell car insurance don’t always list every discount very well, so we break down both well-publicized and the harder-to-find auto insurance savings. If you don’t get every credit you qualify for, you are throwing money away.

  • Service Members Pay Less – Having a family member in the military could be rewarded with lower premiums.
  • Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less for MKZ coverage than drivers with accident claims.
  • Homeowners Discount – Being a homeowner may earn you a small savings because maintaining a house requires personal responsibility.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if offered at their school.
  • Employee of Federal Government – Employees or retirees of the government may qualify you for a discount for MKZ coverage with select insurance companies.
  • Save over 55 – If you’re over the age of 55, you may be able to get better auto insurance rates for MKZ coverage.

Keep in mind that many deductions do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like you could get a free auto insurance policy, it doesn’t quite work that way.

For a list of companies offering auto insurance discounts, follow this link.

What about my local agents?

A small number of people just want to buy from a licensed agent. Licensed agents can help determine the best coverages and help file insurance claims. One of the best bonuses of comparing rates online is that you can obtain the lowest rates but also keep your business local.

To find an agent, once you fill out this short form, your information is submitted to companies who will return price quotes for your coverage. There is no reason to leave your computer because quoted prices will be sent directly to your email. How’s that for easy!

Deciding on an insurance company requires more thought than just the bottom line cost. Ask your prospective agent these questions:

  • Do they carry Errors and Omissions coverage?
  • Are claims handled at the agent’s location?
  • How much will you save each year by using a higher deductible?
  • Who are their largest clients?
  • If you have an accident, will your rates go up?

If you want to contact a specific insurance agent in your state, visit this page.

quote MKZ insurance

Upon receiving acceptable answers to all your questions and a low price estimate, most likely you have located a company that can properly service your auto insurance policy.

Final thoughts

When you buy insurance online, it’s very important that you do not buy less coverage just to save a little money. There are too many instances where an accident victim reduced liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

The cheapest Lincoln MKZ insurance can be sourced online and also from your neighborhood agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance providers may not provide online quoting and usually these regional insurance providers provide coverage only through local independent agents.

We covered many tips how you can shop for Lincoln MKZ insurance online. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. Drivers may discover the most savings is with a company that doesn’t do a lot of advertising.