Cheap 2008 Lincoln MKX Car Insurance Cost

Overpriced Lincoln MKX insurance can dwindle your bank account and put a big crunch on your finances. Shopping your coverage around is free, only takes a few minutes, and is a good way to help make ends meet.

With so many auto insurance companies to choose from, it is very difficult to locate the most affordable provider.

Consumers need to compare prices periodically because insurance rates are constantly changing. If you had the best price for MKX coverage two years ago other companies may now be cheaper. Block out anything you think you know about auto insurance because you’re about to learn the fastest way to get good coverage at a lower rate.

Complexity of Lincoln MKX insurance rates

Consumers need to have an understanding of the factors that go into determining your insurance rates. Understanding what impacts premium levels enables informed choices that may reward you with much lower annual insurance costs.

  • Low deductibles can be expensive – The deductibles represent how much money you are willing to pay in the event of a claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of claims that would be covered would be colliding with a building, collision with an animal, or theft. The higher the amount the insured has to pay upfront, the less your insurance will be for MKX coverage.
  • Do you have enough liability coverage? – Liability insurance provides coverage if ever a court rules you are at fault for causing damage or personal injury in an accident. Liability provides legal defense coverage which can cost thousands of dollars. This coverage is very inexpensive compared to physical damage coverage, so drivers should carry high limits.
  • Bad driving skills means higher rates – Careful drivers receive lower rates than bad drivers. Just one moving violation can boost insurance rates twenty percent or more. Drivers who get serious violations like reckless driving, hit and run or driving under the influence may be required to file a SR-22 to the state department of motor vehicles in order to continue driving.
  • Policy add-ons can waste money – There are quite a few extra coverages that you can buy when buying insurance. Coverages like roadside assistance, towing coverage and membership fees may be costing you every month. These may sound like a good investment when talking to your agent, but your needs may have changed so get rid of them and save.
  • Where you live – Residing in small towns and rural areas can be a good thing when it comes to insurance. Fewer people means fewer accidents and a lower car theft rate. City drivers have to deal with much more traffic to deal with and much longer commute distances. More time on the road means higher likelihood of an accident.
  • Rates may be higher depending on your occupation – Did you know your insurance rates can be affected by your occupation? Occupations like lawyers, business owners and financial analysts have higher average rates due to stressful work requirements and long work hours. Conversely, jobs such as farmers, engineers and performers get better rates for MKX coverage.

Don’t miss these discounts

Companies that sell car insurance don’t always list every available discount very well, so we researched some of the more common and the harder-to-find savings tricks you should be using.

  • Early Switch Discount – Select companies give a discount for switching policies before your current policy expires. It’s a savings of about 10%.
  • Payment Method – By paying your policy upfront instead of paying each month you may reduce your total bill.
  • Passive Restraints – Vehicles equipped with air bags or motorized seat belts can get savings of 20% or more.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.
  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
  • Life Insurance Discount – Select insurance companies reward you with a discount if you purchase a life insurance policy as well.
  • Auto/Home Discount – When you have multiple policies with one insurance company you could get a discount of up to 20% off your total premium.
  • Own a Home – Owning a house can help you save on auto insurance due to the fact that maintaining a home demonstrates responsibility.
  • Senior Citizens – Mature drivers may be able to get a small decrease in premiums for MKX coverage.
  • Low Mileage Discounts – Keeping the miles down on your Lincoln could be rewarded with a substantially lower rate.

It’s important to understand that most discounts do not apply to all coverage premiums. Some only apply to individual premiums such as medical payments or collision. So when the math indicates it’s possible to get free car insurance, it doesn’t quite work that way.

For a list of companies who offer auto insurance discounts, click here to view.

Buyer beware of car insurance advertising tricks

Progressive, Allstate and GEICO continually stream ads on television and other media. All the companies make the same claim about savings after switching your coverage to them. How can each company claim to save you money?

All companies have a certain “appetite” for the type of customer that earns them a profit. A good example of a profitable customer might be profiled as between 30 and 50, owns a home, and has a high credit rating. A customer getting a price quote who matches those parameters gets the lowest rates and is almost guaranteed to save a lot of money.

Drivers who fall outside the “perfect” profile will have to pay higher prices and this can result in business going elsewhere. The ads say “customers that switch” not “everyone that quotes” save that much. That’s the way companies can truthfully make the claims of big savings. Because of the profiling, it is so important to compare as many rates as you can. It’s just too difficult to predict which insurance companies will give you the biggest savings on Lincoln MKX insurance.

When might I need help?

When buying adequate coverage for your personal vehicles, there is no “best” method to buy coverage. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions can aid in determining whether you might need an agent’s assistance.

  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I put collision coverage on all my vehicles?
  • Can my babysitter drive my car?
  • Do I have coverage for damage caused while driving under the influence?
  • Am I covered when driving in Canada or Mexico?
  • Should I buy only the required minimum liability coverage?
  • Do I need roadside assistance coverage?
  • How much can I save by bundling my policies?
  • Will I be non-renewed for getting a DUI or other conviction?
  • When should my teen driver be added to my policy?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to 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.

Auto insurance coverage specifics

Knowing the specifics of auto insurance can help you determine the right coverages and proper limits and deductibles. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average auto insurance policy.

Liability coverage

Liability insurance provides protection from damage or injury you incur to people or other property. It protects you against other people’s claims. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against claims like medical services, funeral expenses and structural damage. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as nursing services, surgery, dental work, funeral costs and ambulance fees. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Lincoln MKX.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Comprehensive insurance

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like a broken windshield, damage from getting keyed, hail damage and hitting a deer. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision coverage protection

This covers damage to your MKX resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like hitting a parking meter, sideswiping another vehicle, sustaining damage from a pot hole and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Cheaper insurance is a realistic goal

Low-cost 2008 Lincoln MKX insurance can be bought from both online companies in addition to many insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies do not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

When shopping online for car insurance, don’t be tempted to skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice liability limits or collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. The ultimate goal is to buy enough coverage at a price you can afford, not the least amount of coverage.

To read more, feel free to browse these articles: