2014 Lincoln MKT Insurance Rates

Average insurance rates for a 2014 Lincoln MKT are $1,488 a year for full coverage insurance. Comprehensive insurance costs an estimated $300 a year, collision insurance costs $494, and liability coverage costs around $514. Buying a liability-only policy costs as low as $572 a year, and high-risk insurance costs $3,216 or more. Teenage drivers receive the highest rates at up to $5,662 a year.

Annual premium for full coverage: $1,488

Rate estimates for 2014 Lincoln MKT Insurance

Rate data is compiled from all 50 U.S. states and averaged for all 2014 Lincoln MKT models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

View Chart as Image

These differences illustrate why it is important for drivers to compare prices for a targeted area and risk profile, rather than using average rates.

Use the form below to get rates for your location.

Consumers have a choice when looking for affordable Lincoln MKT insurance. You can either waste hours driving around getting price quotes or use the internet to compare rates.

There is a right way and a wrong way to find insurance online so you’re going to learn the absolute fastest way to quote coverages on a Lincoln and find the cheapest rates.

Verify you’re getting all your discounts

The price of auto insurance can be rather high, but there could be available discounts that many people don’t even know exist. Certain discounts will be triggered automatically when you purchase, but a few need to be specifically requested prior to getting the savings. If you’re not getting every credit you qualify for, you’re paying more than you need to.

• Early Switch Discount – A few companies offer discounts for buying a policy prior to your current policy expiration. It’s a savings of about 10%.
• Lower Rates for Military – Having a deployed family member could mean lower rates.
• Auto/Life Discount – Select insurance companies reward you with a break if you buy life insurance.
• Paperless Signup – Some insurance companies will give a small break just for signing your application on their website.
• Pay Upfront and Save – If you pay your bill all at once instead of paying each month you could save 5% or more.
• Resident Student – Children who live away from home and do not have access to a covered vehicle can receive lower rates.
• Defensive Driver – Successfully completing a defensive driving course could cut 5% off your bill if you qualify.
• Theft Prevention System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
• Multiple Policy Discount – When you have multiple policies with the same insurance company you will save at least 10% off all policies.

It’s important to understand that many deductions do not apply the whole policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So when it seems like you can get free auto insurance, insurance companies aren’t that generous. But all discounts will bring down the amount you have to pay.

Insurance companies that may offer these benefits include:

• GEICO
• MetLife
• State Farm
• Progressive
• Mercury Insurance
• 21st Century
• Allstate

Check with every prospective company how you can save money. Discounts may not be available in your state.

Factors that can influence Lincoln MKT insurance rates

It’s important that you understand the factors that play a part in calculating the price you pay for auto insurance. When you know what positively or negatively impacts premium levels helps enable you to make changes that may reward you with lower auto insurance prices.

Shown below are a partial list of the pieces that factor into rates.

• Rate your vehicle for proper use – Driving more miles each year the more you will pay for auto insurance. Most companies charge to insure your cars determined by how the vehicle is used. Vehicles left parked in the garage get more affordable rates compared to those used for work or business. An improperly rated MKT can cost quite a bit. Make sure your auto insurance coverage is rated on the proper vehicle usage.
• One company can mean more discounts – The majority of insurers give discounts to policyholders who carry more than one policy. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. If you currently are using one company, you still need to compare other company rates to verify if the discount is saving money. Consumers may find a better deal by buying auto insurance from a different company.
• Higher deductibles cost less – Deductibles for physical damage define the amount you are willing to pay if you file a covered claim. Physical damage insurance, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. A few examples of covered claims are running into the backend of another car, collision with an animal, and windstorm damage. The more you have to pay, the less your auto insurance will be on MKT coverage.
• Mature drivers pay less – Older insureds are more responsible, tend to cause fewer accidents and get fewer tickets. Teenage drivers tend to be less responsible when behind the wheel therefore auto insurance rates are much higher.
• Frequent auto insurance claims increase rates – If you are a frequent claim filer, you can pretty much guarantee either a policy non-renewal or much higher rates. Auto insurance companies give cheaper rates to policyholders who file claims infrequently. Auto insurance is intended for the large, substantial claims.
• A lapse in coverage is a bad thing – Not having insurance is illegal and your next policy will cost more because you let your coverage have a gap. Not only will rates go up, failure to provide proof of insurance may earn you a steep fine or even jail time.You may need to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.
• Poor credit can mean higher rates – Credit score is a big factor in calculating your auto insurance rates. Consumers who have high credit ratings tend to be less risk to insure than those with poor credit. If your credit history is low, you could be paying less to insure your 2014 Lincoln MKT by spending a little time repairing your credit.

When should I talk to an agent?

When choosing proper insurance coverage for your personal vehicles, there is no cookie cutter policy. Each situation is unique.

For example, these questions might help in determining whether your personal situation would benefit from professional advice.

• What can I do if my company won’t pay a claim?
• Will my rates increase for filing one claim?
• What is the minimum liability in my state?
• Am I covered when using my vehicle for business?
• Do I need motorclub coverage?
• Why does it cost so much to insure a teen driver?
• Does coverage extend to Mexico or Canada?
• When would I need rental car insurance?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form. It only takes a few minutes and can provide invaluable advice.

Insurance policy coverages for a 2014 Lincoln MKT

Understanding the coverages of insurance helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Liability coverages

This can cover damages or injuries you inflict on a person or their property by causing an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for things such as court costs, legal defense fees, emergency aid and bail bonds. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision protection

This pays for damage to your MKT resulting from a collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like backing into a parked car, colliding with a tree, crashing into a ditch and rolling your car. Collision is rather expensive coverage, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hitting a bird, a tree branch falling on your vehicle, hitting a deer and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical costs insurance

Coverage for medical payments and/or PIP pay for immediate expenses such as funeral costs, dental work, pain medications and EMT expenses. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Lincoln MKT.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Usually these limits are similar to your liability insurance amounts.

In any little way, save everyday

When you buy insurance online, it’s a bad idea to buy poor coverage just to save money. There have been many cases where someone dropped comprehensive coverage or liability limits only to regret that the small savings ended up costing them much more. Your strategy should be to purchase a proper amount of coverage at the best price.

Discount 2014 Lincoln MKT insurance can be found online in addition to many insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance providers do not provide online price quotes and many times these regional insurance providers only sell through independent insurance agents.

Consumers who switch companies do it for any number of reasons including poor customer service, high rates after DUI convictions, delays in paying claims or even delays in responding to claim requests. Whatever your reason, switching insurance coverage companies can be less work than you think.

More learning opportunities

• Rental Car Insurance Tips (Insurance Information Insitute)
• Safety Belts FAQ (iihs.org)
• Child Safety FAQ (iihs.org)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Liability Insurance Coverage (Nationwide)

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