Cheap 2016 Lincoln MKZ Car Insurance Rates

Finding lower premiums on car insurance can be difficult for people who are new to comparing rates online. There are so many options available that it can quickly become a ton of work to find the best price.

Shopping for the lowest cost auto insurance coverage is not that difficult. Just about every vehicle owner who shops for auto insurance will most likely be able to save money. Nevertheless, car owners do need to learn the way insurance companies determine prices and take advantage of how the system works.

How to reduce Lincoln MKZ insurance rates

The cost of insuring your cars can be expensive, but there could be available discounts that many people don’t even know exist. Some trigger automatically at the time you complete a quote, but less common discounts must be asked for in order for you to get them.

  • Payment Method – If you pay your bill all at once instead of paying each month you can actually save on your bill.
  • More Vehicles More Savings – Having multiple cars or trucks on the same insurance coverage policy can get a discount on all vehicles.
  • Early Signing – Some insurance companies reward drivers for buying a policy before your current policy expires. This can save 10% or more.
  • One Accident Forgiven – A handful of insurance companies will forgive one accident before your rates go up if you are claim-free for a certain period of time.
  • Homeowners Pay Less – Being a homeowner can save you money due to the fact that maintaining a home is proof that your finances are in order.

As a disclaimer on discounts, most discount credits are not given to the entire policy premium. Most only apply to individual premiums such as comp or med pay. So even though it sounds like having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous. Any qualifying discounts will help reduce the cost of coverage.

A partial list of companies that possibly offer these money-saving discounts may include but are not limited to:

Double check with each company what discounts are available to you. Discounts may not be available in your area.

Parts of the Lincoln MKZ rate equation

It’s important that you understand the different types of things that come into play when calculating your car insurance rates. Knowing what determines base rates enables informed choices that may reward you with better car insurance rates.

  • Males pay more for insurance – Statistics show that men are more aggressive behind the wheel. However, this does not mean women are better drivers. Women and men tend to get into accidents at a similar rate, but men have costlier accidents. Men also receive more costly citations such as reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and therefore are the most expensive to insure.
  • Don’t sacrifice liability coverage – Your policy’s liability coverage is the protection in the event that you are found to be at fault for causing damage or personal injury in an accident. Liability provides legal defense up to the limits shown on your policy. Liability is cheap as compared to coverage for physical damage, so buy as much as you can afford.
  • Never allow your policy to lapse – Allowing your coverage to lapse is a guaranteed way to increase your car insurance rates. And not only will your rates increase, but not being able to provide proof of insurance may earn you a revoked license or a big fine.
  • Do you know your 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 a windshield shattered by a rock, vandalism, and rolling your vehicle. Your deductibles are how much you are willing to pay in the event of a claim. The more expense you have to pay, the less your company will charge you for insurance on MKZ insurance.
  • Better credit scores mean better rates – A driver’s credit score is a large factor in your rate calculation. So if your credit is lower than you’d like, you could be paying less to insure your 2016 Lincoln MKZ by repairing your credit. Drivers with excellent credit tend to file fewer claims and have better driving records as compared to drivers with poor credit.
  • The more you drive the more you pay – Driving more miles every year the higher your rate. Almost all companies charge to insure your cars based on their usage. Cars and trucks used primarily for pleasure use can get a lower rate as compared to vehicles used primarily for driving to work. Double check that your car insurance coverage is rated on the proper vehicle usage, because it can save money. If your policy improperly rates your MKZ may be costing you.
  • Do you need the policy add-ons? – There are quite a few extra coverages that can waste your money on your car insurance policy. Coverages for roadside assistance, accident forgiveness and motor club memberships are examples of these. These may sound like a good investment at first, but if you don’t need them eliminate them to save money.
  • How many coverages with the same company – Most insurance companies will give a discount to insureds who consolidate policies with them in the form of a multi-policy discount. Even if you’re getting this discount it’s still a good idea to shop around to verify if the discount is saving money. You may still be able to find better rates by insuring with multiple companies.

Tailor your coverage to you

When it comes to buying coverage, there is no one size fits all plan. Everyone’s situation is a little different.

For instance, these questions can aid in determining whether your personal situation would benefit from professional advice.

  • What is the difference between comprehensive and collision coverage?
  • Do I have coverage if my license is suspended?
  • Is my dog or cat covered if injured in an accident?
  • Does liability extend to a camper or trailer?
  • Is my Lincoln MKZ covered if I use it for business?
  • Do I benefit by insuring my home with the same company?
  • At what point should I drop full coverage?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form.

Switch companies and save? Really?

Car insurance companies such as Geico, State Farm and Progressive continually stream ads in print and on television. They all seem to make the same claim about savings after switching to their company. How can each company claim to save you money? It’s all in the numbers.

All companies have a preferred profile for the type of customer they prefer to insure. For example, a driver they prefer could be over the age of 40, has no driving citations, and chooses high deductibles. A customer that hits that “sweet spot” receives the best rates and most likely will pay quite a bit less when switching companies.

Potential insureds who don’t meet these standards will have to pay a higher premium and ends up with business going elsewhere. The ad wording is “drivers who switch” but not “drivers who get quotes” save that much. That’s why insurance companies can confidently state the savings.

Because of the profiling, it’s extremely important to compare as many rates as you can. Because you never know which insurance companies will provide you with the cheapest Lincoln MKZ insurance rates.

Auto insurance policy specifics

Knowing the specifics of your policy helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Collision coverage protection

This coverage will pay to fix damage to your MKZ from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like colliding with a tree, sideswiping another vehicle, crashing into a building and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as falling objects, a broken windshield, rock chips in glass and hitting a bird. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Liability coverages

This provides protection from injuries or damage you cause to people or other property in an accident. It protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability 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 a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as funeral expenses, emergency aid, medical expenses, attorney fees and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical costs insurance

Coverage for medical payments and/or PIP provide coverage for immediate expenses for pain medications, chiropractic care, dental work, EMT expenses and nursing services. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants as well as getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

In the end, you save

Insureds leave their current company for many reasons like high rates after DUI convictions, an unsatisfactory settlement offer, high prices or even lack of trust in their agent. No matter why you want to switch, finding a great new company can be less work than you think.

When buying insurance coverage, it’s a bad idea to skimp on coverage in order to save money. There are too many instances where an insured dropped full coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your goal should be to find the BEST coverage at a price you can afford while still protecting your assets.

Lower-priced 2016 Lincoln MKZ insurance can be purchased on the web in addition to many insurance agents, so compare prices from both to get a complete price analysis. Some companies do not provide online quoting and many times these small insurance companies only sell through independent insurance agents.

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