Trying to find lower insurance rates for your Lincoln MKT? Have you fallen victim to high-priced insurance? Trust us when we tell you there are a lot of people just like you who feel imprisoned by their insurance policy. Big-name insurance companies like Progressive, State Farm and GEICO all claim big savings with fancy advertisements and it is difficult to ignore the promise of big savings and do the work needed to find the best deal.
If you have a current car insurance policy or are shopping for new coverage, you can follow these tips to reduce the price you pay and possibly find even better coverage. Choosing the best insurance company for you is not rocket science. Vehicle owners only need an understanding of the best way to compare prices online.
Companies offering auto insurance don’t always list all their discounts very clearly, so the following is a list of some of the more common and the more hidden discounts you could be receiving. If you’re not getting every credit available, you’re paying more than you need to.
A little note about advertised discounts, some credits don’t apply to the overall cost of the policy. Most only reduce individual premiums such as collision or personal injury protection. So even though it sounds like adding up those discounts means a free policy, it doesn’t quite work that way.
A partial list of companies that may have these discounts include:
Double check with each company which discounts you may be entitled to. Discounts may not be available in your area.
The quickest method we recommend to compare rates is to take advantage of the fact almost all companies provide online access to compare their rates. All consumers are required to do is provide information such as what you do for a living, if your license is active, if you require a SR-22, and marital status. Those rating factors is automatically sent to insurance companies and they return cost estimate within a short period of time.
When it comes to choosing proper insurance coverage, there really is no perfect coverage plan. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that might point out if your situation could use an agent’s help.
If you don’t know the answers to these questions, you may need to chat with an agent. To find an agent in your area, complete this form or click here for a list of auto insurance companies in your area. It is quick, free and may give you better protection.
Learning about specific coverages of insurance aids in choosing the right coverages for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement. Shown next are the usual coverages found on the average insurance policy.
Medical costs insurance – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like hospital visits, rehabilitation expenses and ambulance fees. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage
Liability car insurance – Liability insurance protects you from injuries or damage you cause to other people or property that is your fault. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.
Liability insurance covers claims such as loss of income, structural damage, attorney fees, medical services and pain and suffering. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.
Collision – Collision insurance pays for damage to your MKT caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.
Collision can pay for things like hitting a parking meter, colliding with a tree and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.
Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things such as falling objects, fire damage, damage from flooding and hitting a deer. The most your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Lincoln MKT.
Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.
When you buy insurance online, you should never sacrifice coverage to reduce premiums. There have been many situations where an insured dropped comprehensive coverage or liability limits and discovered at claim time that it was a big error on their part. Your focus should be to find the BEST coverage for the lowest price, not the least amount of coverage.
You just read many ideas to shop for 2014 Lincoln MKT insurance online. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even find the biggest savings come from a small mutual company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as State Farm and Allstate.
Discount insurance can be sourced both online as well as from independent agents, so you should compare both so you have a total pricing picture. Some companies don’t offer online price quotes and these small insurance companies work with independent agents.
To learn more, take a look at the resources below: