Cheaper 2015 Lincoln MKT Car Insurance Rates

Trying to find lower insurance coverage rates for your Lincoln MKT? Perplexed by the crazy number of insurance coverage companies? You’re not alone. Consumers have so many options that it can easily become a real hassle to find the perfect company for you.

Factors that can influence insurance rates for a Lincoln MKT

Smart consumers have a good feel for some of the elements that help determine the price you pay for auto insurance. Understanding what determines base rates allows you to make educated decisions that will entitle you to better auto insurance rates.

  • Liability coverage is peace of mind – Your policy’s liability coverage is the coverage that protects you when you are found to be at fault for damages caused by your negligence. It will provide for a legal defense up to the limits shown on your policy. Liability insurance is quite affordable as compared to coverage for physical damage, so buy as much as you can afford.
  • Small claims can cost you – If you file claims often, you can expect either policy cancellation or increased premiums. Companies provide discounts to insureds who do not file claims often. Your insurance policy is intended for the bigger claims that can’t be paid out-of-pocket.
  • Being married is a good thing – Having a wife or husband can get you a discount on your policy. Having a spouse means you’re more responsible and it’s statistically proven that being married results in fewer claims.
  • Theft deterrents lower rates – Choosing a vehicle with anti-theft technology or alarm system can get you a discount on your auto insurance. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.
  • Your location affects your rates – Living in small towns and rural areas can save you money when insuring your vehicles. Less people living in that area means a lower chance of having an accident and a lower car theft rate. Urban drivers regularly have traffic congestion and longer commutes to work. Higher commute times can result in more accidents.
  • Extra coverages can waste money – There are a lot of extra bells and whistles you can purchase when buying auto insurance. Things like personal injury protection, better glass coverage and term life insurance are some examples. These may sound like a good investment initially, but if they’re wasting money remove them from your policy.

Don’t miss out on these money-saving discounts

Car insurance companies do not list all their discounts in a way that’s easy to find, so we researched both the well known and the more hidden car insurance savings.

  • Federal Government Employee – Employees or retirees of the government can save as much as 8% for MKT coverage with a few car insurance companies.
  • New Car Discount – Adding a new car to your policy can save up to 30% due to better safety requirements for new cars.
  • Accident Free – Claim-free drivers can save substantially compared to drivers who are more careless.
  • Student in College – Youth drivers living away from home attending college and do not have a car can be insured at a reduced rate.
  • Life Insurance Discount – Select insurance companies reward you with a discount if you purchase a life insurance policy as well.
  • Pay Upfront and Save – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
  • Good Students Pay Less – This discount can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
  • Accident Waiver – Certain companies permit an accident before hitting you with a surcharge as long as you don’t have any claims for a particular time prior to the accident.

As a disclaimer on discounts, most credits do not apply to your bottom line cost. A few only apply to the cost of specific coverages such as comp or med pay. Just because you may think all those discounts means the company will pay you, it just doesn’t work that way.

For a list of companies who offer car insurance discounts, follow this link.

Do I need special coverages?

When choosing adequate coverage for your personal vehicles, there really is not a “best” method to buy coverage. Every insured’s situation is different.

For example, these questions may help you determine whether your personal situation would benefit from professional advice.

  • What can I do if my company denied a claim?
  • What discounts do I qualify for?
  • Does coverage extend to my business vehicle?
  • Do I need PIP coverage since I have good health insurance?
  • Am I better off with higher deductibles on my 2015 Lincoln MKT?
  • Am I covered when driving in Canada or Mexico?
  • Do I need to file an SR-22 for a DUI in my state?

If you’re not sure about those questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form.

Auto insurance coverages

Learning about specific coverages of auto insurance can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy.

Coverage for medical payments

Med pay and PIP coverage pay for expenses such as EMT expenses, rehabilitation expenses and pain medications. They are used to fill the gap from your health insurance plan or if you do not have health coverage. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability

This provides protection from damage that occurs to a person or their property by causing an accident. It protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for things like funeral expenses, structural damage, pain and suffering, repair bills for other people’s vehicles and bail bonds. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.

Uninsured and underinsured coverage

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Lincoln MKT.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive coverages

This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like fire damage, hitting a deer, vandalism, falling objects and damage from flooding. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision insurance

Collision coverage pays for damage to your MKT caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things like sideswiping another vehicle, crashing into a building, damaging your car on a curb and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from older vehicles. You can also increase the deductible to bring the cost down.

Have money to burn

We covered many ways to reduce 2015 Lincoln MKT insurance prices online. The key concept to understand is the more you quote, the better your chances of lowering your rates. Drivers may discover the lowest rates come from a smaller regional carrier.

Drivers who switch companies do it for a variety of reasons including questionable increases in premium, denial of a claim, extreme rates for teen drivers or being labeled a high risk driver. It doesn’t matter why you want to switch finding a new auto insurance company is easier than you think.

When you buy insurance online, don’t be tempted to reduce needed coverages to save money. In too many instances, consumers will sacrifice physical damage coverage only to discover later that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.

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