Save on 2016 Lincoln MKS Insurance Rates in 2024

Searching for the cheapest auto insurance rates for your Lincoln MKS? Are you irritated from not being able to scrape enough together each month for auto insurance? You have the same problem as many other consumers. You have multiple insurers to choose from, and although it’s a good thing to have multiple companies, more options can take longer to compare rates and cut insurance costs.

You should take the time to compare rates yearly because rates fluctuate regularly. Just because you found the lowest rate on MKS coverage a year ago you can probably find a better price now. There is too much inaccurate information about auto insurance on the internet, but you can learn some of the best ways to lower your auto insurance rates.

How to compare insurance price quotes

Finding a lower price on 2016 Lincoln MKS insurance is pretty simple and can save money. All that’s required is to spend a few minutes comparing rates from some recommended companies. Comparing prices online can be done in several different ways.

The first (and easiest) way to find low rates is a comparison rater form. This method prevents you from having to do separate quotation requests for each price estimate. Just one form gets you coverage quotes direct from many companies.

A more difficult way to compare rate quotes consists of going to each company’s website and get a separate price quote. For instance, we’ll pretend you want to compare GEICO, 21st Century and State Farm. In order to get each rate, you would have to spend time going to each site individually and enter your policy data, which is not fast way to get rate quotes.

Which method you use is up to you, but try to keep exactly the same quote information for each price quote. If your comparisons have different deductibles you can’t possibly determine which rate is truly the best.

Lower-cost auto insurance quotes with discounts

Auto insurance is not cheap nor is it fun to buy but there are discounts available that can dramatically reduce your bill. A few discounts will be applied at the time you complete a quote, but once in a while a discount must be specially asked for in order for you to get them. If you check and find you aren’t receiving every discount available, you could be saving more on your auto insurance.

• Save over 55 – Seniors could receive reduced rates on MKS coverage.
• No Claim Discounts – Insureds with no claims or accidents get the best auto insurance rates as compared to insureds who have frequent claims or accidents.
• Discount for Home Ownership – Being a homeowner can get you a discount because of the fact that having a home requires personal responsibility.
• Driver Training Discounts – Participating in a defensive driver course could earn you a small percentage discount depending on where you live.
• Resident Student – Any of your kids who live away from home to go to college and leave their car at home can be insured at a reduced rate.
• Smart Student Discounts – Maintaining excellent grades could provide a savings of up to 20% or more. The discount lasts well after school through age 25.

Discounts reduce rates, but you should keep in mind that most discount credits are not given to the entire cost. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like all those discounts means the company will pay you, companies don’t profit that way.

Some of the larger companies who may offer most of these discounts are:

• Progressive
• Farmers Insurance
• Farm Bureau
• State Farm
• GEICO
• SAFECO
• Liberty Mutual

Double check with every insurance company the best way to save money. All car insurance discounts may not be available in your area.

Tailor your insurance coverage coverage to you

When choosing adequate coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is a little different so your insurance should reflect that For example, these questions might help in determining whether you could use an agent’s help.

• Can I get a multi-policy discount for packaging my home and auto coverage?
• What is no-fault insurance?
• When can I cancel my policy?
• Is my 2016 Lincoln MKS covered for smoke damage?
• Is borrowed equipment or tools covered if stolen or damaged?
• How can I get my company to pay me more for my totalled car?
• Can I rate high risk drivers on liability-only vehicles?
• Does my medical payments coverage pay my health insurance deductible?
• When do I need to add a new car to my policy?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, simply complete your zip code. It is quick, free and can provide invaluable advice.

Smart choices result in lower insurance costs

A large part of saving on insurance coverage is knowing the rating factors that help calculate insurance coverage rates. If you have some idea of what positively or negatively impacts your premiums, this helps enable you to make changes that could help you find big savings.

The items below are just a few of the factors that factor into premiums.

• Lower premiums for safer vehicles – Vehicles with good safety scores cost less to insure. These vehicles result in less severe injuries and fewer serious injuries translates directly to fewer claims which can mean better rates for you. If your Lincoln MKS is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may cost less to insure.
• Insurance coverage rates and age – Older drivers are more cautious drivers, statistically cause fewer accidents , and usually have better credit. Youthful drivers have a tendency to get distracted easily behind the wheel therefore insurance coverage rates are much higher.
• What are good liability insurance limits? – The liability section of your policy is the protection in the event that you are found to be at fault for causing damage or personal injury in an accident. It provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.
• How’s your driving record? – Drivers who don’t get tickets have lower premiums than their less careful counterparts. Just one ticket could increase your next policy renewal twenty percent or more. Drivers unfortunate enough to have dangerous violations such as DUI or willful reckless driving may find they need to file a SR-22 with their state DMV in order to legally drive a vehicle.
• More people means more accidents – Being located in less populated areas of the country can save you money when buying insurance coverage. Drivers who live in large cities have to deal with more traffic problems and a longer drive to work. Fewer drivers on the road translates into fewer accidents in addition to lower liability claims
• Avoid coverage lapses – Having a gap between insurance policy dates is a guaranteed way to drive up your policy premiums. Not only will rates go up, the inability to provide proof of insurance can result in a fine, jail time, or a revoked license.

Misconceptions in auto insurance advertisements

Consumers can’t get away from all the ads that claim the lowest prices by companies like Progressive, GEICO, Allstate and State Farm. They all advertise the message about how much you will save after switching your auto insurance policy to them.

It sounds good, but how can they all charge lower premium rates? Here is the trick they use.

Companies have a certain “appetite” for the type of customer that will not have excessive claims. For example, a profitable risk profile might be described as between 30 and 50, has a clear driving record, and drives less than 7,500 miles a year. A driver who meets those qualifications will qualify for the lowest car insurance rates as well as save a lot of money.

People who don’t qualify for the “perfect” profile may be required to pay a higher premium which translates to the customer not purchasing. If you pay close attention to the ads, they say “people that switch” not “everybody who quotes” can save as much as they claim. This is how insurance companies can make those claims.

This illustrates why drivers should get as many free car insurance quotes as possible. It’s just not possible to know which insurance companies will provide you with the cheapest rates.

Coverages available on your car insurance policy

Having a good grasp of your policy can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages offered by car insurance companies.

Auto liability – Liability insurance can cover damage that occurs to people or other property. It protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged property. Some companies may use a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as loss of income, bail bonds, funeral expenses and pain and suffering. How much liability should you purchase? That is your choice, but consider buying as much as you can afford.

Medical costs insurance – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for funeral costs, dental work, nursing services and hospital visits. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like hail damage, hitting a deer and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

UM/UIM Coverage – This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as damage to your 2016 Lincoln MKS.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these coverages are identical to your policy’s liability coverage.

Collision coverages – Collision coverage covers damage to your MKS from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like hitting a parking meter, crashing into a ditch, rolling your car, scraping a guard rail and backing into a parked car. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Don’t break the bank

Affordable 2016 Lincoln MKS insurance can be sourced from both online companies and also from your neighborhood agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers may not provide online rate quotes and usually these smaller companies only sell through local independent agencies.

While you’re price shopping online, you should never buy lower coverage limits just to save a few bucks. There are too many instances where someone sacrificed uninsured motorist or liability limits only to discover later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy a smart amount of coverage at the best price, but do not sacrifice coverage to save money.