Ultimate Strategies to Getting the Absolute Best Lincoln MKX Insurance Rates

No one cherishes buying auto insurance, particularly when the cost is way too high.

With so many companies and agents to choose from, it can be hard to find the cheapest insurance company.

The purpose of this post is to tell you how to effectively get price quotes and some tricks to saving. If you have car insurance now, you will be able to reduce your rates substantially using this strategy. But consumers can benefit by having an understanding of how big insurance companies market on the web because it can help you find the best coverage.

Cut your premium with discounts

Car insurance can cost a lot, but you may find discounts to reduce the price significantly. Larger premium reductions will be automatically applied at the time of quoting, but some must be asked for in order for you to get them.

  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to use their safety belts can save 10% or more off the personal injury premium cost.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on the same auto insurance policy can get a discount on all vehicles.
  • Low Mileage – Keeping the miles down on your Lincoln could qualify for a substantially lower rate.
  • Federal Government Employee – Employees or retirees of the government can save as much as 8% for MKX coverage with select insurance companies.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less for MKX coverage than less cautious drivers.
  • Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education in school.
  • Discount for Life Insurance – Select insurance companies reward you with lower rates if you buy a life insurance policy as well.
  • Memberships – Participating in certain professional organizations may earn a discount on auto insurance for MKX coverage.
  • Good Student – Getting good grades can earn a discount of 20% or more. This discount can apply well after school through age 25.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems can avoid accidents and will save you 10% or more.

As a disclaimer on discounts, most credits do not apply to the entire cost. Most only reduce specific coverage prices like collision or personal injury protection. So even though it sounds like you could get a free auto insurance policy, companies don’t profit that way. Any amount of discount will bring down the cost of coverage.

To see a list of companies with discount auto insurance rates, click here to view.

Low Cost Auto Insurance

There are a lot of ways to compare auto insurance quotes, but there is one way that is less labor-intensive and much quicker. You could waste time talking about coverages with insurance companies in your area, or you can utilize online quotes to get prices fast.

Many popular insurance companies take part in a program that allows shoppers to only type in their quote data once, and every company then gives them pricing for coverage. This eliminates the need for quotation requests to each individual auto insurance company.

To find out how much you’re overpaying now click to open in new window.

One minor caviat to using this type of system is you can’t choose which providers you want pricing from. So if you prefer to pick specific providers to compare prices, we have a listing of auto insurance companies in your area. View list of insurance companies.

It’s your choice how you get your quotes, but make darn sure you compare identical coverage limits and deductibles with each company. If your comparisons have unequal deductibles or liability limits it’s not possible to find the best deal for your Lincoln MKX. Slightly different coverage limits may cause a big price difference. And when comparison shopping, comparing a large number of companies will improve the odds of getting lower pricing. car insurance

What determines your Lincoln MKX insurance premium

It’s important that you understand the rating factors that come into play when calculating your auto insurance rates. Knowing what impacts premium levels empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

The list below includes some of the factors used by your company to calculate rates.

  • Your location is important – Residing in small towns and rural areas can save you money when buying auto insurance. Less people living in that area means a lower chance of having an accident. City drivers tend to have traffic congestion and a longer drive to work. Longer commute distances means more change of being in an accident.
  • How your age affects price – Young drivers are statistically proven to be careless and easily distracted in a vehicle so they pay higher auto insurance rates. Mature drivers are more cautious drivers, tend to cause fewer accidents and tend to be better behind the wheel.
  • Being married can save on auto insurance – Getting married actually saves money on auto insurance. Having a spouse usually means you are more mature and responsible and it’s statistically proven that married drivers get in fewer accidents.
  • Don’t get talked into coverage you don’t need – There are many extra bells and whistles that you can get tricked into buying on your MKX policy. Things like roadside assistance, accidental death and term life insurance may be wasting your money. These may sound like a good investment when talking to your agent, but if they’re wasting money remove them from your policy.
  • Tickets mean higher rates – Your driving citation history has a lot to do with how much you pay for insurance. Just one speeding ticket can boost insurance rates by as much as thirty percent. Careful drivers get better rates than people who have multiple driving citations. Drivers who have severe citations such as reckless driving, hit and run or driving under the influence may need to file a proof of financial responsibility form (SR-22) with their state DMV in order to drive a vehicle legally.
  • Credit scores impact auto insurance rates – Having a bad credit score is a huge factor in determining your rates. If your credit rating is lower than you’d like, you could be paying less to insure your Lincoln MKX by improving your credit score. People with high credit ratings tend to be more responsible as compared to drivers with poor credit.
  • High numbers of claims are not good – Auto insurance companies generally give cheaper rates to drivers who do not file claims often. If you are a frequent claim filer, you can expect either a policy non-renewal or much higher rates. Car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.

Comparing rates from local agents

Some consumers would rather get advice from a local agent and that is OK! One of the great benefits of price shopping on the web is the fact that you can find the lowest rates but still work with a licensed agent. Buying from small agencies is especially important if you live in a smaller city or town.

To make it easy to find an agent, after completing this quick form, your insurance coverage information is submitted to local insurance agents who will compete for your insurance coverage. There is no need to visit any agencies because quoted prices will be sent directly to your email. How cool is that?! It’s the lowest rates and an insurance agent to talk to.

Two different types of car insurance agents

When researching a good insurance agency, you need to know there are two different agency structures to choose from. Insurance agencies can either be captive or independent (non-captive).

Independent Insurance Agents

Independent insurance agents are not required to write business for one company but rather can write business with many different companies depending on which coverage is best. To move your coverage to a new company, the business is moved internally without you having to go to a different agency.

When searching for an agent, you should always get quotes from multiple independent agents to ensure the widest selection of prices.

Captive Insurance Agents

Captive agencies work for only one company and examples are Farmers Insurance, American Family, State Farm and Allstate. They are unable to compare other company’s rates so it’s a take it or leave it situation. Captive agents are usually quite knowledgeable on their products and sales techniques which helps them sell insurance even at higher premiums.

For a full directory of agencies, visit this page.

Selecting a car insurance agent should depend on more than just the bottom line cost. Any agent should be forthright in answering these questions:

  • Is the agent and/or agency licensed to do business in your state?
  • Do you have coverage for a rental car if your vehicle is in the repair shop?
  • Is their price quote a firm figure or are their hidden costs?
  • Will your rates increase after a single accident?
  • How are claims handled?
  • What are the financial ratings for the companies they represent?

Upon receiving satisfactory answers and an affordable coverage quote, most likely you have located an insurance agency that can insure your vehicles.

cheap insurance for Lincoln MKX

Do drivers who switch really save $457 a year?

Companies like 21st Century, Allstate and State Farm regularly use ads on TV and radio. All the ads say the same thing of big savings if you move your coverage to them. How does each company say the same thing? It’s all in the numbers.

All the different companies can use profiling for the driver that makes them money. An example of a profitable customer could be between the ages of 40 and 55, insures multiple vehicles, and has a short commute. A customer who fits that profile gets the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

Potential insureds who don’t measure up to these standards will have to pay higher rates which leads to business going elsewhere. The ad wording is “customers that switch” not “everyone that quotes” save that much money. That’s why companies can truthfully make those claims.

Because of the profiling, drivers should compare many company’s rates. You cannot predict which auto insurance company will give you the biggest savings.

More quotes mean more savings

Lower-priced Lincoln MKX insurance can be sourced on the web and with local insurance agents, and you need to comparison shop both to get a complete price analysis. Some auto insurance companies do not offer online quoting and many times these smaller companies only sell through independent insurance agents.

In this article, we covered many ways to get a better price on Lincoln MKX insurance. The most important thing to understand is the more price quotes you have, the better likelihood of reducing your rate. You may be surprised to find that the most savings is with the least-expected company. Regional companies may cover specific market segments cheaper compared to the large companies like State Farm and Allstate.