2020 Lincoln MKT Insurance Rates in 2024 – 7 Ideas for Cheaper Quotes

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Apr 26, 2024

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Are you irritated from scraping the payment together to make your insurance payment? You are in the same boat as millions of other people. Insurance companies such as Progressive, State Farm and GEICO all claim big savings, bombarding you with advertising and consumers find it hard to avoid their marketing magic and find the best price available.

The most recommended method to compare insurance rates in your area is to know the fact most larger insurance companies have advanced systems to compare their rates. The only thing you need to do is provide a small amount of information including distance driven, if you have a valid license, what your job is, and which vehicles you own. That rating information gets sent immediately to all major companies and they return cost estimate instantly to find the best rate.

Buyer beware of insurance advertising tricks

Drivers can’t avoid all the ads for the lowest price insurance by 21st Century, Allstate and State Farm. They all convey the message of big savings just by switching to their company.

That’s great but how can every company offer you a better deal? Here is the trick they use.

All the different companies have strict underwriting profiles for the type of driver that will be a good risk. For example, a profitable insured may be over the age of 40, carries full coverage, and drives a lower-performance vehicle. A driver that fits those parameters may get the lowest rates and as a result will probably save money with a new company.

Consumers who don’t measure up to the “perfect” profile may be forced to pay higher prices and the customer buying from a different company. If you pay close attention to the ads, they say “drivers who switch” but not “all drivers who get quotes” save that much when switching. That is how companies can lure you into getting a quote. Each company has different criteria, so it is so important to compare free car insurance quotes often. It is impossible to predict which company will have the lowest rate quotes.

Seven discounts for lower-cost car insurance quotes

Car insurance is not an enjoyable expense, but you might be missing out on some discounts that can dramatically reduce your bill. Larger premium reductions will be automatically applied when you quote, but occasionally some discounts must be inquired about prior to receiving the credit.

  • Senior Discount – Older drivers may receive lower premium rates on MKT insurance.
  • Drivers Education – Cut your cost by having your teen driver enroll and complete driver’s education in school or through a local driver safety program.
  • Drive Safe and Save – Accident-free drivers could pay up to 40% less on MKT insurance than drivers with accidents.
  • Braking Control Discount – Vehicles with ABS braking systems or traction control can avoid accidents and will save you 10% or more.
  • E-sign Discounts – Many companies give back up to $50 for buying your policy on their website.
  • No Claim Discounts – Drivers with accident-free driving histories get the best car insurance rates when compared with drivers who are more careless.
  • Data Collection Discounts – Drivers who agree to allow their car insurance company to analyze driving habits by using a telematics device such as Progressive’s Snapshot might get better premium rates if they exhibit good driving behavior.

Discounts save money, but please remember that most of the big mark downs will not be given to the overall cost of the policy. A few only apply to individual premiums such as physical damage coverage or medical payments. Even though it appears you could get a free car insurance policy, it doesn’t quite work that way. Any qualifying discounts will help reduce your policy premiums.

For a list of car insurance companies that can offer you the previously mentioned discounts, enter your zip code here.

You may need specialized car insurance coverage

When it comes to buying coverage, there isn’t really a “best” method to buy coverage. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight whether or not you could use an agent’s help.

  • When should I not file a claim?
  • Do I have newly-acquired coverage?
  • What can I do if my company denied a claim?
  • Should I bundle my homeowners policy with my auto?
  • What is an SR-22 filing?
  • Does my policy pay for OEM or aftermarket parts?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and enter your zip code. It’s fast, doesn’t cost anything and can help protect your family.

Auto insurance policy specifics

Learning about specific coverages of a auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types found on the average auto insurance policy.

Comprehensive coverages

This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like vandalism, hitting a bird, theft and a tree branch falling on your vehicle. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Uninsured and underinsured coverage

This provides protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Lincoln MKT.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like prosthetic devices, chiropractic care, funeral costs and EMT expenses. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Coverage for liability

This can cover damage or injury you incur to other people or property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged property.

Liability can pay for things such as legal defense fees, structural damage and court costs. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision insurance

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like crashing into a ditch, hitting a mailbox, damaging your car on a curb and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

One last thing

We just showed you some good ideas how you can save on 2020 Lincoln MKT insurance. The key concept to understand is the more times you quote, the better your comparison will be. Consumers could even find that the lowest premium rates come from a smaller regional carrier. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate and Progressive.

Lower-priced auto insurance can be sourced from both online companies and from local agencies, so you need to quote car insurance with both in order to have the best chance of saving money. Some insurance providers do not offer online price quotes and usually these smaller providers sell through independent agencies.

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