2019 Lincoln MKT Insurance Rates in 2024

Trying to find cheaper auto insurance rates for your Lincoln MKT? I can’t think of anyone who fancies paying their premiums for auto insurance, especially when they know they could find better rates elsewhere.

Companies like State Farm, Progressive and GEICO all claim big savings, bombarding you with catchy ads and it is challenging if not impossible to see past the geckos and flying pigs and do the work needed to find the best deal.

If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using this strategy. Finding affordable coverage is not rocket science. Although consumers must understand how companies price insurance differently and take advantage of how the system works.

Informed drivers can reduce insurance rates

It’s important that you understand the rating factors that go into determining your insurance coverage rates. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that could help you find cheaper rates. Multiple criteria are used in the calculation when you quote your car insurance policy. Most are fairly basic like a motor vehicle report, although some other factors are less apparent such as your marital status or your financial responsibility.

The itemized list below are most of the major factors that factor into your rates.

• Experienced drivers are lower risk – Beginning drivers are statistically proven to be easily distracted when driving with friends and because of this, their insurance coverage rates are much higher. If you’ve ever had to add a inexperienced driver to your policy can increase premiums substantially. Mature drivers are more cautious drivers, statistically cause fewer accidents and tend to be get fewer driving tickets.
• Liability coverage – The liability coverage on your policy provides coverage in the event that you are responsible for causing personal injury or damage in an accident. This coverage provides legal defense coverage which can cost a lot. Liability is cheap compared to comp and collision, so do not cut corners here.
• Drive less and save – Driving a lot of miles every year the more you’ll pay to insure your vehicle. Most companies calculate prices determined by how the vehicle is used. Vehicles that do not get driven very much get more affordable rates than those used for commuting. It’s a smart idea to ensure your policy correctly shows the correct usage. Improper usage on your MKT may be costing you.
• Your employer and insurance coverage rates – Careers such as fire fighters, social workers and dentists are shown to have the highest average rates because of high stress and extremely grueling work hours. On the flip side, jobs like actors, engineers and retirees pay the least for MKT insurance.
• Gender as a rate factor – Over time, data shows women are more cautious behind the wheel. However, this does not mean women are better drivers. Women and men have auto accidents in similar numbers, but the male of the species get into accidents with more damage. Not only that, but men also receive more costly citations like DUI and reckless driving.
• Discounts for auto and home policies – The majority of insurers will give discounts to people who have multiple policies with them such as combining an auto and homeowners policy. Even with this discount applied, drivers will still want to compare other company rates to confirm you are receiving the best rates possible.
• Deter car thieves – Choosing a vehicle that has an advanced theft prevention system can help lower your rates. Anti-theft devices such as OnStar, LoJack tracking, and tamper alarms all hinder auto theft and help lower rates.

Lower-cost insurance rates with discounts

Companies offering auto insurance don’t list every policy discount very well, so here is a list some of the more common and the harder-to-find credits available to lower your premiums when you buy car insurance online. If you’re not getting every credit possible, you’re just leaving money on the table.

• Save with a New Car – Adding a new car to your policy can get you a discount since newer models have better safety ratings.
• Homeowners Savings – Just being a homeowner can save you money because maintaining a house shows financial diligence.
• Discount for Switching Early – Some insurance companies give discounts for switching companies prior to your current policy expiration. This can save 10% or more.
• Theft Prevention Discount – Cars and trucks equipped with anti-theft or alarm systems can help prevent theft and that can save you a little bit as well.
• Pay Early and Save – By paying your policy upfront rather than paying monthly you can avoid the installment charge.
• Discounts for Cautious Drivers – Drivers who don’t get into accidents can save as much as half off their rates for MKT insurance than drivers with accidents.
• Low Mileage – Low annual miles could be rewarded with cheaper rates.
• Use Seat Belts – Forcing all vehicle occupants to buckle their seat belts can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
• Driver Education Discount – Require your teen driver to complete a driver education course if it’s offered in school.
• Professional Memberships – Affiliation with a professional or civic organization is a simple method to lower premiums on your policy.

Consumers should know that some of the credits will not apply to the overall cost of the policy. Most only cut specific coverage prices like medical payments or collision. Even though the math looks like having all the discounts means you get insurance for free, that’s just not realistic.

Large insurance companies and the discounts they provide are included below.

• State Farm policyholders can earn discounts including Drive Safe & Save, safe vehicle, good student, student away at school, and passive restraint.
• GEICO may offer discounts for membership and employees, good student, military active duty, multi-vehicle, daytime running lights, and five-year accident-free.
• Liberty Mutual may include discounts for new move discount, good student, preferred payment discount, multi-car, and newly married.
• The Hartford discounts include anti-theft, defensive driver, vehicle fuel type, bundle, good student, air bag, and driver training.
• MetLife offers discounts for good driver, good student, claim-free, accident-free, and multi-policy.
• Progressive has savings for multi-vehicle, online signing, multi-policy, online quote discount, and homeowner.

When comparing rates, check with every prospective company which credits you are entitled to. Discounts may not be available in your area. To locate insurers that have a full spectrum of discounts, enter your zip code here.

The ad said I’d save $450 a year!

21st Century, Allstate and State Farm continually stream ads on television and other media. They all seem to advertise the message about how much you will save just by moving to them. But how can every company make the same claim? It’s all in the wording.

Many companies have a preferred profile for the type of driver that earns them a profit. For example, this type of insured should be a married female, has never had a policy lapse, and drives less than 10,000 miles a year. Anybody who meets those qualifications will get a cheap rate quote and have a good chance to save some money.

Potential customers who fall short of this ideal profile may be forced to pay a higher rate with the end result being business going elsewhere. Company advertisements say “drivers that switch” not “everyone that quotes” save the amount stated. That’s the way insurance companies can make the claims of big savings.

Because every company is different, you absolutely need to get a wide range of price quotes. It’s impossible to know which company will have the lowest rates.

Tailor your auto insurance coverage to you

When it comes to buying the best auto insurance coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs and your policy should reflect that. Here are some questions about coverages that might point out if you might need an agent’s assistance.

• Should I sign the liability waiver when renting a car?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Am I covered when driving someone else’s vehicle?
• When do I need to add a new car to my policy?
• Can I afford to pay high deductible claims out of pocket?
• Am I missing any policy discounts?
• Which is better, split liability limits or combined limits?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete your zip code.

Parts of your car insurance policy

Understanding the coverages of car insurance helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are typical coverage types found on the average car insurance policy.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for expenses for things like ambulance fees, nursing services, chiropractic care, hospital visits and prosthetic devices. They are utilized in addition to your health insurance program or if you do not have health coverage. It covers both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive coverage

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like theft, hitting a bird, fire damage and hail damage. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and damage to your Lincoln MKT.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time the UM/UIM limits are set the same as your liability limits.

Collision coverage

This coverage pays to fix your vehicle from damage resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as damaging your car on a curb, hitting a parking meter and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Coverage for liability

Liability coverage will cover damage or injury you incur to people or other property by causing an accident. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers things like emergency aid, repair costs for stationary objects, court costs and medical expenses. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford.

Better coverage you can count on

We’ve covered some good ideas how to save on 2019 Lincoln MKT insurance. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may even discover the best premium rates are with the least-expected company. Smaller companies may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm and Allstate.

There are still a few companies who may not provide online price quotes and most of the time these small insurance companies work with independent insurance agents. The cheapest 2019 Lincoln MKT insurance is possible both online and from local agencies, so you should be comparing quotes from both in order to have the best chance of saving money.