Save on 2013 Lincoln MKX Insurance Cost

Are you drained from robbing Peter to pay Paul to insure your Lincoln every month? You are in the same boat as many other drivers. Lots of auto insurance companies contend to insure your vehicles, and because of this it can be hard to compare auto insurance companies to discover the definitive lowest rate possible.

If you have a policy now or need a new policy, you can use this information to find the best rates and possibly find even better coverage. Finding affordable coverage is quite easy. Consumers just need to learn the proper methods to shop online.

These discounts can lower your insurance rates

Companies that sell car insurance don’t necessarily list all disounts very well, so we break down a few of the more common in addition to some of the lesser obvious credits that you can use to lower your rates.

• Safety Restraint Discount – Drivers who require all occupants to use a seat belt could save 15% on medical payment and PIP coverage.
• Telematics Data Discounts – People who choose to allow data collection to monitor driving manner by using a telematic data system such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates if they are good drivers.
• Waiver for an Accident – but companies like State Farm and Geico may permit one accident without raising rates if you have no claims for a specific time period.
• Early Switch Discount – A few insurance companies allow discounts for renewing your policy early. Ten percent is about the average savings.
• Passenger Safety Discount – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of 25 to 30%.
• E-sign – Certain larger companies will give you a small discount for buying your policy digitally online.
• Drivers Education – Require your teen driver to enroll in driver’s education if offered at their school.
• No Accidents – Drivers who don’t have accidents pay less when compared to accident-prone drivers.
• Homeowners Pay Less – Being a homeowner can get you a discount because maintaining a house is proof that your finances are in order.
• Active Military Service – Having a deployed family member could mean lower insurance rates.

A little disclaimer on discounts, most of the big mark downs will not be given to the entire cost. A few only apply to specific coverage prices like collision or personal injury protection. So even though it sounds like you would end up receiving a 100% discount, you’re out of luck.

Popular insurance companies and their possible discounts can be found below.

• State Farm has savings for defensive driving training, safe vehicle, good student, passive restraint, and Steer Clear safe driver discount.
• Geico may have discounts that include five-year accident-free, anti-theft, daytime running lights, seat belt use, driver training, and air bags.
• SAFECO offers premium reductions for teen safety rewards, accident prevention training, drive less, teen safe driver, multi-car, anti-theft, and anti-lock brakes.
• Farmers Insurance policyholders can earn discounts including mature driver, distant student, homeowner, electronic funds transfer, switch companies, business and professional, and bundle discounts.
• AAA offers discounts including anti-theft, education and occupation, good driver, multi-policy, and pay-in-full.
• USAA discounts include military installation, annual mileage, vehicle storage, family discount, and multi-vehicle.

It’s a good idea to ask all companies you are considering to give you their best rates. Some credits may not apply to policyholders in every state. To view insurance companies who offer free insurance quotes, click here.

How insurers determine Lincoln MKX insurance premiums

It’s important that you understand the rating factors that are used to determine your premiums. If you know what determines premiums, this helps enable you to make changes that can help you get cheaper rates. Many things are taken into consideration when you get a price on insurance. Most are fairly basic such as your driving history, but other criteria are more transparent like where you live or your financial responsibility.

The factors shown below are a few of the things that factor into your premiums.

• Raise physical damage deductibles and save – Protection for physical damage, also called ‘full coverage’, insures against damage to your Lincoln. Some instances where coverage would apply could be running into the backend of another car, flood damage, and damage caused by flying debris. Comp and collision deductibles represent how much money you are required to pay before a claim is paid by your company. The more expense you’re willing to pay, the lower your rates will be for MKX insurance.
• Your address can affect prices – Having an address in smaller towns and rural areas of the country can be a good thing when buying auto insurance. Less people translates into fewer accidents. City drivers tend to have much more traffic and more severe claims. Higher commute times can result in more accidents.
• GPS tracking and theft deterrents reduce rates – Choosing a vehicle that has an advanced theft prevention system can save you some money. Theft deterrent systems like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop auto theft and help lower rates.
• File policy claims and pay more – Insurance companies generally give discounts to insureds that do not abuse their auto insurance. If you tend to file frequent claims, you can expect higher premiums or even policy non-renewal. Insurance coverage is intended for claims that you cannot pay yourself.
• Married people drive safer – Being married may save some money on auto insurance. Marriage generally demonstrates drivers are more stable financially and it’s statistically proven that drivers who are married file infrequent claims.
• Auto insurance rates and age – Mature drivers have been proven to be more responsible, are lower risk to insure and are safer drivers.Young drivers are known to be careless and easily distracted when driving and because of this, their auto insurance rates are much higher.
• Safer occupants lowers premiums – Safer cars cost less to insure. The safest vehicles help reduce the chance of injuries in an accident and fewer injuries means your insurance company pays less and thus lower rates.

Different people need different insurance coverages

When it comes to choosing adequate coverage for your vehicles, there is no one size fits all plan. Everyone’s needs are different so your insurance needs to address that. These are some specific questions can help discover whether your personal situation may require specific advice.

• Is a blown tire covered by insurance?
• Is my Lincoln MKX covered if I use it for business?
• What if I total my 2013 Lincoln MKX and owe more than it’s worth?
• Are rock chip repairs covered?
• How high should my uninsured/underinsured coverage be in my state?
• What is roadside assistance coverage?
• Should I buy only the required minimum liability coverage?
• How do I file an SR-22 for a DUI in my state?
• Is extra glass coverage worth it?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Insurance myths debunked

Consumers can’t get away from all the ads that claim the cheapest premium rates from the likes of State Farm, Allstate and Geico. All the companies state the claim that you can save just by switching your policy.

That’s great but how can every company say the same thing? Just pay attention to how they say it.

Insurance companies require specific criteria for a prospective insured that makes them money. A good example of this type of insured might be described as between 25 and 40, owns their home, and drives newer vehicles. Any new insured that matches those criteria will probably get the lowest premium rates and most likely will cut their rates substantially.

People who cannot meet these criteria will have to pay a higher premium with the end result being the customer buying from someone else. The trick is to say “drivers that switch” not “everybody who quotes” can save as much as they claim. This is how insurance companies can make claims like that.

This really illustrates why you really should do a quote comparison often. It’s impossible to know the company that will provide the lowest car insurance rates.

Educate yourself about auto insurance coverages

Having a good grasp of your policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement. These are the normal coverages found on the average auto insurance policy.

Liability auto insurance – Liability insurance will cover damage or injury you incur to other’s property or people by causing an accident. This coverage protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

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 policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability can pay for things such as medical services, repair costs for stationary objects, bail bonds and structural damage. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured or underinsured coverage – This protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family and also any damage incurred to your Lincoln MKX.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.

Comprehensive protection – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like rock chips in glass, hitting a deer, falling objects and damage from getting keyed. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like EMT expenses, prosthetic devices and chiropractic care. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage – This pays for damage to your MKX resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like crashing into a ditch, hitting a mailbox and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Smart consumers save more

We covered a lot of tips how to lower your 2013 Lincoln MKX insurance prices. The key thing to remember is the more rate quotes you have, the better likelihood of getting cheap insurance coverage. You may even discover the lowest priced insurance comes from some of the lesser-known companies. Some small companies may only write in your state and offer lower rates as compared to the big name companies such as Allstate, Geico and Progressive.

As you shop your coverage around, do not sacrifice coverage to reduce premiums. Too many times, an accident victim reduced physical damage coverage only to discover later that it was a big mistake. The proper strategy is to buy enough coverage at a price you can afford, not the least amount of coverage.

More affordable insurance can be purchased on the web as well as from independent agents, so you need to quote insurance coverage with both to have the best selection. Some companies do not offer the ability to get quotes online and most of the time these regional insurance providers work with independent insurance agents.

More detailed insurance information can be found in these articles:

• Understanding Rental Car Insurance (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Driving in Bad Weather (Insurance Information Insitute)