Cheap 2016 Lincoln MKZ Insurance Cost

Having to pay for overpriced Lincoln MKZ insurance can empty your personal savings and put a big crunch on your finances. Comparison shopping is free, only takes a few minutes, and is a good way to cut your insurance bill. Popular companies such as GEICO and Progressive continually bombard you with ad campaigns and it can be hard to ignore the propoganda and find the best price available.

It’s important to check insurance prices occasionally because insurance rates go up and down regularly. If you had the best rates for MKZ coverage a few years ago the chances are good that you can find a lower rate today. So forget anything you know (or think you know) about insurance because I’m going to teach you the tricks you need to know to remove unneeded coverages and save money.

If you have insurance now or are just looking to switch companies, you can use these techniques to find the best rates and possibly find even better coverage. Finding the best rates is easy if you know what you’re doing. Vehicle owners just need to learn how to compare company rates online.

These factors can influence what you pay for Lincoln MKZ insurance

An important part of buying insurance is that you know the different types of things that play a part in calculating the rates you pay for auto insurance. Knowing what controls the rates you pay enables informed choices that can help you get better auto insurance rates.

Shown below are some of the items auto insurance companies consider when setting your rates.

  • Poor credit can mean higher rates – A driver’s credit rating is a huge factor in determining your rates. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers who have lower credit scores. If your credit rating can use some improvement, you could pay less to insure your 2016 Lincoln MKZ by improving your rating.
  • Men fork out a little more – Statistics demonstrate that women are safer drivers than men. Now that doesn’t mean men are worse drivers. Women and men cause accidents at about the same rate, but the males tend to have more serious accidents. They also get more serious tickets like reckless driving and DUI.
  • Having a spouse can save you money – Having a wife or husband can get you a discount on your auto insurance policy. It means you’re more mature and it’s statistically proven that married drivers get in fewer accidents.
  • Safe vehicles cost less to insure – Safer cars get lower rates. The safest vehicles have better occupant injury protection and lower injury rates means lower claim amounts and thus lower rates. If the Lincoln MKZ scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Where you live can impact rates – Residing in small towns and rural areas can save you money when insuring your vehicles. Drivers in populated areas regularly have traffic congestion and much longer commute distances. Less people living in that area translates into fewer accidents.
  • Add-on coverages can add up – There are many extra coverages that can waste your money if you aren’t careful. Coverages like rental car reimbursement, accident forgiveness and additional equipment coverage may be wasting your money. They may seem good initially, but now you might not need them so get rid of them and save.
  • Liability coverage protects you – Liability coverage is the coverage that protects you when you are found liable for causing damage or personal injury in an accident. It will provide for a legal defense up to the limits shown on your policy. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should carry high limits.
  • Where do you drive? – The more you drive in a year the more you will pay for auto insurance. Most insurance companies rate vehicles based on their usage. Autos used primarily for pleasure use receive lower rates compared to those used for work or business. An improperly rated MKZ can result in significantly higher rates. Double check that your auto insurance policy is rated on the correct driver usage, because improper ratings can cost you money.

How to save on 2016 Lincoln MKZ insurance

The cost of insuring your cars can be expensive, but companies offer discounts to reduce the price significantly. Larger premium reductions will be automatically applied at quote time, but some may not be applied and must be requested specifically in order for you to get them. If you aren’t receiving every discount you deserve, you’re paying more than you need to.

  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and will save you 10% or more.
  • Employee of Federal Government – Active or retired federal employment can earn a discount up to 10% for MKZ coverage with a few auto insurance companies.
  • Discount for Good Grades – Performing well in school can earn a discount of 20% or more. This discount can apply up to age 25.
  • Use Seat Belts – Buckling up and requiring all passengers to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
  • Service Members Pay Less – Having a deployed family member could mean lower rates.
  • 55 and Retired – Older drivers can possibly qualify for reduced rates for MKZ coverage.
  • Paperless Signup – A handful of insurance companies will give a small break for buying a policy and signing up on their website.

As a disclaimer on discounts, many deductions do not apply the the whole policy. Most only apply to the cost of specific coverages such as medical payments or collision. So despite the fact that it appears having all the discounts means you get insurance for free, companies don’t profit that way. But any discount will cut your overall premium however.

For a list of companies with the best auto insurance discounts, follow this link.

Drivers who switch save $494 a year? Really?

Consumers can’t get away from ads that promise big savings by Progressive, GEICO, Allstate and State Farm. All the ads make an identical promise that you’ll save big if you move to their company.

How can each company make the same claim?

All the different companies are able to cherry pick for the right customer they prefer to insure. For example, a desirable insured might be between the ages of 30 and 50, owns a home, and has a short commute. A propective insured who matches those parameters receives the best rates and is almost guaranteed to save quite a bit of money when switching.

Potential insureds who don’t meet these standards will be charged a higher premium and ends up with the customer not buying. The ads state “customers that switch” not “everybody who quotes” save that much. That’s why companies can make the claims of big savings.

That is why it is so important to compare many company’s rates. It’s impossible to know which insurance companies will give you the biggest savings on Lincoln MKZ insurance.

Tailor your coverage to you

When choosing the right insurance coverage for your vehicles, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions might point out whether or not you may require specific advice.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Does coverage extend to Mexico or Canada?
  • Am I getting all the discounts available?
  • When can my company non-renew my policy?
  • Is business property covered if stolen from my car?
  • Can I make deliveries for my home business?
  • Should I rate my 2016 Lincoln MKZ as pleasure use or commute?
  • What is PIP insurance?
  • Am I covered if I crash into my own garage door?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverage information

Understanding the coverages of your auto insurance policy helps when choosing the best coverages and proper limits and deductibles. Auto insurance terms can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average auto insurance policy.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for bills like ambulance fees, dental work, hospital visits and prosthetic devices. They can be used to fill the gap from your health insurance program or if you do not have health coverage. They cover all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Comprehensive insurance – This coverage pays for 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 coverage protects against things like hitting a bird, damage from a tornado or hurricane and fire damage. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability car insurance – This coverage provides protection from damages or injuries you inflict on people or other property that is your fault. This coverage protects you from legal claims by others, and 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 might see values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as pain and suffering, loss of income, bail bonds, structural damage and court costs. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

Collision coverages – Collision insurance covers damage to your MKZ resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as damaging your car on a curb, hitting a parking meter and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 2016 Lincoln MKZ.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Normally the UM/UIM limits are set the same as your liablity limits.

More quotes mean more savings

We covered many ways to lower your 2016 Lincoln MKZ insurance rates. The key concept to understand is the more providers you compare, the better your comparison will be. You may even discover the lowest priced car insurance comes from some of the smallest insurance companies. Regional companies may have significantly lower rates on certain market segments compared to the large companies like Allstate or State Farm.

Discount insurance can be sourced online and also from your neighborhood agents, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who may not provide online price quotes and usually these small insurance companies provide coverage only through local independent agents.

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