Cheaper 2016 Lincoln MKT Insurance Cost

Trying to find the cheapest insurance for a Lincoln MKT could be a painful process, but you can learn a few tricks to save time.

There are more efficient ways to shop for insurance coverage and you need to know the quickest way to price shop coverage for a new or used Lincoln and get the best price possible from both online companies and local agents.

It’s a good idea to get comparison quotes before your next renewal because insurance coverage rates fluctuate regularly. Just because you found the best rate on MKT coverage a year ago a different company probably has better prices today. There is lot of inaccurate information about insurance coverage on the internet, but by reading this article, you’re going to learn the easiest ways to lower your insurance coverage premiums.

Shopping for affordable auto insurance is simple if you know the tricks. If you have a current auto insurance policy or need a new policy, you can follow these tips to cut your premiums and still get good coverage. Vehicle owners just need to understand the proper methods to buy auto insurance online.

Discounts to earn lower-cost auto insurance rates

Auto insurance can be pricey, but you might be missing out on some discounts to help bring down the price. Certain reductions will be credited when you get a quote, but some may not be applied and must be asked about before they will apply.

  • Active Service Discounts – Being deployed in the military could mean lower premium rates.
  • Pay Now and Pay Less – If you pay your bill all at once instead of making monthly payments you can avoid monthly service charges.
  • Employee of Federal Government – Federal government employees can earn a discount up to 10% on MKT coverage depending on your company.
  • Defensive Driver Discount – Completing a defensive driving course may get you a small discount and make you a better driver.
  • Switch and Save Discount – A few companies offer discounts for switching policies early. Ten percent is about the average savings.
  • Discount for Multiple Policies – When you combine your homeowners and auto insurance with the same insurance company you could earn a discount of at least 10 to 15 percent or more.
  • Drive Safe and Save – Drivers without accidents can save up to 40% or more on their insurance coverage quote on MKT coverage than their less cautious counterparts.
  • Seat Belts Save – Drivers who require all vehicle occupants to buckle up before driving could save 15% off the medical payments premium.
  • Life Insurance Discount – If the company offers life insurance, you could get a break if you buy some life insurance too.
  • Senior Citizens – If you’re over the age of 55, you may receive reduced rates on MKT coverage.

One last thing about discounts, most of the big mark downs will not be given the the whole policy. Most only apply to specific coverage prices like liability, collision or medical payments. Even though the math looks like you could get a free auto insurance policy, you’re out of luck. But all discounts will bring down your overall premium however.

A few of the larger companies and a summarized list of policyholder discounts include:

  • State Farm may include discounts for accident-free, Steer Clear safe driver discount, anti-theft, passive restraint, and multiple policy.
  • Progressive offers discounts including multi-vehicle, online quote discount, good student, multi-policy, continuous coverage, homeowner, and online signing.
  • Progressive includes discounts for good student, multi-vehicle, continuous coverage, online signing, and multi-policy.
  • MetLife offers discounts for claim-free, good student, multi-policy, accident-free, defensive driver, and good driver.
  • Farm Bureau discounts include multi-vehicle, renewal discount, multi-policy, youthful driver, driver training, safe driver, and 55 and retired.
  • GEICO policyholders can earn discounts including anti-theft, daytime running lights, anti-lock brakes, membership and employees, and seat belt use.
  • SAFECO has discounts for homeowner, bundle discounts, anti-theft, drive less, teen safety rewards, anti-lock brakes, and teen safe driver.

If you want affordable insurance coverage quotes, ask all the companies which discounts can lower your rates. Depending on the company, some discounts may not apply to policyholders in your area. To see auto insurance companies that offer multiple discounts, click here to view.

Smart buyers can reduce their insurance costs

Lots of factors are used in the calculation when pricing auto insurance. A few of the factors are predictable like a motor vehicle report, although others are not as apparent like your continuous coverage or your financial responsibility.

  • Where you live plays a part – Being located in less populated areas of the country has definite advantages when insuring your vehicles. People who live in big cities regularly have more road rage incidents and more time behind the wheel. Less people living in that area means a lower chance of having an accident.
  • Guys pay higher premiums – Over the last 30 years, statistics show that females tend to be a little less risky than males. The data does not necessarily mean that females are better at driving than males. They both cause auto accidents at a similar rate, but the male of the species have costlier accidents. Men also get higher numbers of serious violations like DUI and reckless driving.
  • Drive lots and pay more – The more you drive annually the higher your rates will be. Almost all companies apply a rate determined by how the vehicle is used. Autos that sit idle most of the time can be on a lower rate level than those that get driven frequently. Incorrect rating for your MKT may be costing you higher rates. It’s always a good idea to double check that your vehicle rating reflects how each vehicle is driven, because it can save money.
  • Only buy coverage you need – There are a ton of optional add-on coverages that can add up if you aren’t diligent. Coverage for things like coverage for rental cars, accidental death, and additional equipment coverage may be wasting your money. These may sound like a good investment when you first buy your policy, but your needs may have changed so remove them from your policy.
  • Do you really need to file that auto insurance claims? – If you file claims often, you can expect higher premiums or even policy non-renewal. Insurance companies provide most affordable rates to drivers who do not file claims often. Your car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Getting married can save on auto insurance – Your spouse may cut your premiums on auto insurance. Marriage demonstrates that you tend to be more mature than a single person and insurance companies like that married couples file fewer claims.
  • Cheaper rates with high physical damage deductibles – Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your Lincoln. A few examples of covered claims are collision with another vehicle, damage caused by hail, and windstorm damage. Your deductibles are the amount of money you are required to spend out-of-pocket if a covered claim is submitted. The higher the amount you are required to pay out-of-pocket, the bigger discount you will receive on MKT coverage.

Tailor your auto insurance coverage to you

When it comes to choosing adequate coverage, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s.

Here are some questions about coverages that may help you determine if you may require specific advice.

  • Can my babysitter drive my car?
  • When should I drop full coverage on my 2016 Lincoln MKT?
  • What is no-fault insurance?
  • Am I covered if I wreck a rental car?
  • Are my tools covered if they get stolen from my vehicle?
  • Are my friends covered when driving my car?
  • Why am I required to buy liability insurance?
  • Which companies will insure high-risk drivers?
  • What happens if I owe more than my 2016 Lincoln MKT is worth?
  • What can I do if my company denied a claim?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form. It is quick, free and can provide invaluable advice.

Insurance policy coverages for a Lincoln MKT

Understanding the coverages of your insurance policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive protection – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as fire damage, damage from getting keyed, hail damage and damage from flooding. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision – This coverage will pay to fix damage to your MKT caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like crashing into a building, crashing into a ditch and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage – This provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Lincoln MKT.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these coverages are identical to your policy’s liability coverage.

Medical expense coverage – Med pay and PIP coverage kick in for immediate expenses such as prosthetic devices, rehabilitation expenses and hospital visits. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Auto liability – Liability insurance protects you from injuries or damage you cause to people or other property in an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers things like medical services, pain and suffering, loss of income, structural damage and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

A fool and his money are soon parted

Consumers change insurance companies for a number of reasons such as not issuing a premium refund, unfair underwriting practices, high prices and even poor customer service. Whatever your reason, finding a new company is not as hard as you think.

When getting insurance coverage quotes online, do not buy lower coverage limits just to save a few bucks. There are too many instances where consumers will sacrifice uninsured motorist or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to get the best coverage possible for the lowest cost but still have enough coverage for asset protection.

In this article, we presented many ideas to compare 2016 Lincoln MKT insurance auto insurance rates online. It’s most important to understand that the more you quote insurance coverage, the higher your chance of finding cheaper insurance coverage. Consumers could even find that the lowest auto insurance rates are with a small mutual company.

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Comments About 2016 Lincoln MKT Insurance

  1. Carlo Langley

    I’ve had 21st Century for years. I’m in Pittsburgh, PA.

  2. Dovie Hogan

    Are Allstate or Allstate rates cheaper in Arkansas?

  3. Flor Hull

    What exactly does liability cover?

  4. Tabatha Smith

    Will Allstate rates go up if I file a claim?

  5. Tayna Good

    I think I’m paying too much. I live in a small town just outside of Worcester, Massachusetts. I compared lots of rates. Saved about $50 a month. 21st Century was the cheapest option for me. Even increased my liability limits.

  6. Wanda Swanson

    Will Allstate insure with a DUI in Columbus, OH?

  7. Lynelle Finch

    If you’re a decent driver and are close to Fayetteville, Arkansas, check out State Farm. They seem to be cheaper. I think they have home insurance too. I got a quote from their website.

  8. Marin Burns

    I’m just south of Owensboro, Kentucky. Got quotes with 21st Century, AAA, and Farmers for my 2016 Lincoln MKT and I’m now saving $53 a month. Was with Esurance. I have kids on my policy, too.

  9. Wayne Shepherd

    Good detail in your article. Located in Gaithersburg, MD. Checked online prices for a 2016 Lincoln MKT. Ended up at about $310 savings annually. Went with GEICO.

  10. Selene Allison

    I think I’m paying too much. I live on the north side of Bellevue, NE. Got free quotes online for a 2016 Lincoln MKT. Ended up at about $300 savings annually. Went with 21st Century.

  11. Daine Jones

    If you have a good history and are close to Newark, NJ, check out GEICO. They seem to be cheaper.

  12. Laurene Terrell

    Lots of good stuff here. I live in Houston, TX. Quoted a bunch of companies. Saved darn near $30 a month. Allstate was the cheapest for me. Have a couple speeding tickets too. Just waiting to see how claims go.

  13. Verda Snider

    I got decent rates for a 2016 Lincoln MKT in Bridgeport, CT. Ended up at roughly $500 every six months with AAA. Moved home policy as well.