2014 Lincoln MKT Car Insurance Cost – 5 Savings Tips

Wish you could get out of an expensive car insurance policy? You’re in good company because you’re not the only one. Many car insurance companies vie for your insurance dollar, and it can be difficult to compare rates to find the best rate

Get cheap auto insurance with discounts

Some insurers don’t necessarily list every available discount very clearly, so the below list has both the well known and the harder-to-find discounts that may be available. If you do not check that you are getting every discount you qualify for, you are throwing money away.

  • Data Collection Discounts – Drivers that enable their insurance company to spy on driving habits remotely such as In-Drive from State Farm or Allstate’s Drivewise system could save a few bucks if they exhibit good driving behavior.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Lincoln may enable drivers to earn substantially lower rates.
  • Online Discount – Many auto insurance companies provide a small discount simply for signing on the web.
  • Senior Citizen Discount – Older drivers may be able to get lower premium rates on MKT coverage.
  • Distant College Student Discount – Older children who are attending college and leave their car at home may qualify for this discount.

We need to note that some of the credits will not apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears it’s possible to get free car insurance, nobody gets a free ride.

Large auto insurance companies and a selection of discounts include:

  • Progressive offers discounts for multi-vehicle, online signing, continuous coverage, multi-policy, and homeowner.
  • Farmers Insurance has savings for good student, early shopping, distant student, bundle discounts, switch companies, alternative fuel, and youthful driver.
  • Farm Bureau offers discounts including 55 and retired, renewal discount, multi-vehicle, youthful driver, and driver training.
  • State Farm has discounts for multiple autos, good driver, passive restraint, good student, and multiple policy.
  • Geico may offer discounts for membership and employees, five-year accident-free, military active duty, multi-policy, daytime running lights, and seat belt use.
  • SAFECO policyholders can earn discounts including accident prevention training, teen safety rewards, teen safe driver, multi-car, drive less, anti-theft, and bundle discounts.
  • Liberty Mutual includes discounts for newly married, multi-car, teen driver discount, newly retired, and new move discount.

When getting free auto insurance quotes, it’s a good idea to all companies you are considering how you can save money. Some discounts listed above may not be offered in your area.

How much is insurance coverage?

Shopping for lower insurance coverage rates can be challenging if you don’t utilize the fastest way to get free quotes. You can waste a few hours (or days) driving to agents in your area, or you can utilize the internet to accomplish the same thing much quicker.

Most of the larger companies participate in a marketplace that allows shoppers to complete one form, and every company then gives them pricing based on the submitted data. This system prevents you from having to do form submissions to each company. To participate in this free quote system, click to open in new window.

The single downside to pricing coverage this way is you don’t know exactly the providers to receive prices from. If you wish to select specific providers to receive pricing from, we have a page of insurance coverage companies in your area. View list of insurance companies.

It’s up to you which method you use, but make sure you compare the same coverages and limits for each quote you get. If your comparisons have differing limits you will not be able to determine the lowest rate for your Lincoln MKT.

Tailor your insurance coverage coverage to you

When it comes to buying adequate coverage, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that may help highlight whether your personal situation might need an agent’s assistance.

  • Is a fancy paint job covered?
  • Is my teen driver covered when they drive my company car?
  • Why do I only qualify for high-risk insurance?
  • How does medical payments coverage work?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Where can I get insurance after a DUI in my state?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Parts of your car insurance policy

Knowing the specifics of car insurance aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types offered by car insurance companies.

Comprehensive protection

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as falling objects, theft, damage from a tornado or hurricane and hitting a deer. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision protection

Collision coverage pays for damage to your MKT from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims like backing into a parked car, colliding with a tree and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for bills like rehabilitation expenses, surgery, doctor visits and pain medications. They are often utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Liability

This coverage can cover damage or injury you incur to other people or property by causing an accident. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for claims like medical services, emergency aid, repair costs for stationary objects and attorney fees. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured or underinsured coverage

This gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Lincoln MKT.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are set the same as your liablity limits.

Be a penny pincher

We’ve covered many ideas to compare 2014 Lincoln MKT insurance car insurance rates online. The key thing to remember is the more companies you get premium rates for, the more likely it is that you will get a better rate. You may even find the lowest car insurance rates are with some of the lesser-known companies. These smaller insurers often have lower premium rates on specific markets than their larger competitors like Geico and State Farm.

As you prepare to switch companies, you should never skimp on coverage in order to save money. There are many occasions where someone sacrificed collision coverage only to find out they didn’t have enough coverage. Your objective should be to purchase plenty of coverage at the best price, but don’t skip important coverages to save money.

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