Nobody I know looks forward to paying for car insurance, especially knowing they are paying too much. Lots of insurers contend for your hard-earned dollar, so it’s not easy to compare every insurer and get the definite best price available.
If you have a current insurance policy or need new coverage, you can learn to get lower rates while maintaining coverages. Choosing the best insurance company for you is easy if you know what you’re doing. Drivers only need to know how to shop online.
Companies offering auto insurance don’t always advertise every available discount very well, so here is a list some of the more common as well as the least known ways to save on auto insurance. If you don’t get every credit available, you’re paying more than you need to.
As a disclaimer on discounts, most credits do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So even though it sounds like you can get free auto insurance, you won’t be that lucky.
Car insurance companies who might offer these discounts include:
Check with each insurance company which discounts you may be entitled to. Discounts might not be offered in your area.
Comparing auto insurance rates can be challenging if you don’t understand the most efficient way. You can spend your afternoon talking about coverages with local insurance agents in your area, or you can stay home and use the web to accomplish the same thing much quicker.
Many of the larger companies are enrolled in a marketplace where prospective buyers enter their coverage request one time, and at least one company can provide price quotes for coverage. This prevents consumers from doing repetitive form submissions to every company.
To compare 2016 Lincoln MKX rates using this form now click here (opens in new window).
The one disadvantage to using this type of form is you can’t choose which insurance companies you will receive quotes from. So if you want to select specific insurance companies to receive pricing from, we have assembled a list of the cheapest auto insurance companies in your area. Click here for list of insurance companies.
Whichever way you use, make sure you use apples-to-apples coverage limits and deductibles on every quote you get. If you enter different limits and deductibles on each one you will not be able to decipher which rate is best.
An important part of buying insurance is that you know the rating factors that go into determining your insurance rates. When you know what positively or negatively influences your rates empowers consumers to make smart changes that will entitle you to better insurance rates.
When buying the right insurance coverage, there really is no one size fits all plan. Each situation is unique so your insurance needs to address that. For instance, these questions might point out if you might need professional guidance.
If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.
Learning about specific coverages of your auto insurance policy aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are the usual coverages offered by auto insurance companies.
Liability auto insurance – Liability insurance can cover injuries or damage you cause to people or other property that is your fault. It protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.
Liability insurance covers claims such as court costs, legal defense fees, repair costs for stationary objects, medical services and loss of income. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.
Collision coverages – Collision coverage pays for damage to your MKX caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for claims like hitting a mailbox, colliding with a tree, driving through your garage door and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.
Medical costs insurance – Medical payments and Personal Injury Protection insurance kick in for expenses for things like pain medications, prosthetic devices, rehabilitation expenses, hospital visits and ambulance fees. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible
UM/UIM Coverage – This coverage provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your 2016 Lincoln MKX.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Comprehensive or Other Than Collision – This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things such as fire damage, falling objects, theft and damage from a tornado or hurricane. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
We’ve covered many ideas to shop for 2016 Lincoln MKX insurance online. The key concept to understand is the more times you quote, the better your comparison will be. You may even find the biggest savings come from some of the lesser-known companies. These companies may have significantly lower rates on certain market segments compared to the large companies like GEICO and State Farm.
Affordable insurance is available 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 usually these regional insurance providers provide coverage only through local independent agents.
While you’re price shopping online, do not buy lower coverage limits just to save a few bucks. There are many occasions where drivers have reduced full coverage only to discover later they didn’t purchase enough coverage. The aim is to buy a smart amount of coverage at the best price.
More tips and info about insurance coverage can be found in the articles below: