2015 Lincoln MKX Insurance Rates

Have you had enough of paying out the nose each month for car insurance? You’re in the same situation as many other consumers. Insurance companies such as State Farm, Allstate, Geico and Progressive continually hit you with ads and it is difficult to ignore the promise of big savings and do the work needed to find the best deal.

It’s important to shop coverage around yearly since insurance rates fluctuate regularly. Just because you had the best deal for MKX coverage on your last policy a different company probably has better rates today. So forget all the misinformation about insurance because you’re about to learn the best methods to properly buy coverages and cut your premium.

Factors determining your Lincoln MKX insurance premium

It’s important that you understand some of the elements that go into determining insurance rates. Knowing what determines base rates empowers consumers to make smart changes that can help you get much lower annual insurance costs.

Listed below are a partial list of the pieces used by your company to calculate your rates.

  • Don’t buy coverages you don’t need – There are quite a few extra bells and whistles that can waste your money when buying insurance. Coverages like vanishing deductibles, accident forgiveness and membership fees may be costing you every month. They may seem good initially, but your needs may have changed so get rid of them and save.
  • Proper usage rating affects rates – The more you drive each year the more you will pay for insurance. Almost all companies rate vehicles based upon how you use the vehicle. Cars and trucks used primarily for pleasure use receive lower rates compared to those used for work or business. Having the wrong rating on your MKX may be wasting your money. Double check that your insurance policy is showing the correct driver usage, because improper ratings can cost you money.
  • Safer cars are cheaper to insure – Cars with high safety ratings tend to have better insurance rates. Safer cars have better occupant injury protection and fewer injuries means lower claim amounts passed on to you as lower rates. If your Lincoln MKX scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Being married is a good thing – Getting married can actually save you money on your policy. Having a spouse translates into being more mature it has been statistically shown that being married results in fewer claims.

These discounts can lower your rates

Companies don’t necessarily list all their discounts very clearly, so we took the time to find both well-publicized and the more hidden ways to save on auto insurance. If you’re not getting every credit you deserve, you are throwing money away.

  • Club Memberships – Being a member of a professional or civic organization could trigger savings on your policy for MKX coverage.
  • Paperwork-free – Some insurance companies give back up to $50 simply for signing online.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Payment Discounts – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.
  • Life Insurance Discount – Select insurance companies reward you with better rates if you take out auto and life insurance together.
  • No Claims – Claim-free drivers can save substantially as compared to frequent claim filers.
  • Discount for New Cars – Putting insurance coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Good Students Pay Less – Performing well in school can earn a discount of 20% or more. The discount lasts up to age 25.
  • Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts can get savings of more than 20%.

Drivers should understand that most discounts do not apply the the whole policy. Most only apply to specific coverage prices like medical payments or collision. So even though it sounds like all those discounts means the company will pay you, you’re out of luck.

Insurance companies that may have these discounts may include but are not limited to:

Double check with all companies you are considering what discounts are available to you. All car insurance discounts might not apply in your area.

Different people need different coverages

When buying the right insurance coverage for your vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions can help discover whether or not you might need professional guidance.

  • Do I benefit by insuring my home with the same company?
  • What is UM/UIM insurance?
  • How do I file an SR-22 for a DUI in my state?
  • When does my teenage driver need to be added to my policy?
  • Does my insurance cover my expensive audio equipment?
  • Where can I find high-risk insurance?
  • Am I missing any policy discounts?
  • Can I rent a car in Mexico?
  • Should I waive the damage coverage when renting a car?

If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance companies in your area. It only takes a few minutes and may give you better protection.

Coverage specifics

Learning about specific coverages of your policy can be of help when determining the right coverages for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages found on the average auto insurance policy.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for bills like doctor visits, EMT expenses and pain medications. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision protection

Collision insurance will pay to fix damage to your MKX resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like hitting a parking meter, scraping a guard rail and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

This provides protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your 2015 Lincoln MKX.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Liability insurance

Liability insurance provides protection from injuries or damage you cause to other’s property or people. It protects YOU from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability can pay for claims such as loss of income, bail bonds, repair costs for stationary objects and emergency aid. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Comprehensive coverages

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like a tree branch falling on your vehicle, fire damage, hail damage, a broken windshield and hitting a bird. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Be a Smart Shopper

Cheaper 2015 Lincoln MKX insurance can be bought from both online companies as well as from independent agents, and you need to comparison shop both to have the best chance of lowering rates. There are still a few companies who don’t offer online quoting and these small insurance companies work with independent agents.

When you buy insurance online, it’s a bad idea to reduce needed coverages to save money. There have been many cases where an insured dropped liability limits or collision coverage only to find out that they should have had better coverage. Your focus should be to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

More detailed auto insurance information can be found by following these links: