2015 Lincoln MKX Car Insurance Rates

Feel like you’re a prisoner to an underperforming, overpriced insurance policy? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out. With consumers having so many options, it can be diffult for consumers to pick the cheapest insurance company.

It’s a great practice to compare prices every six months because prices go up and down regularly. If you had the lowest price for MKX coverage last year other companies may now be cheaper. Starting now, forget anything you know (or think you know) about insurance because you’re going to get a crash course in the proper way to lower your annual insurance bill.

How to reduce Lincoln MKX insurance rates

Companies don’t necessarily list every discount very well, so here is a list both the well known and the more hidden discounts you could be receiving. If you don’t get every credit available, you’re paying more than you need to.

  • Discount for Life Insurance – Select insurance companies reward you with better rates if you take out a life insurance policy as well.
  • Distant Student – Kids in college who live away from home without a vehicle on campus can be insured at a reduced rate.
  • Homeowners Pay Less – Being a homeowner may trigger a insurance policy discount because owning a home shows financial diligence.
  • Auto/Home Discount – If you have multiple policies with one company you will save at least 10% off all policies.
  • Safe Drivers – Drivers who don’t get into accidents can pay as much as 50% less for MKX coverage than drivers with accident claims.
  • No Accidents – Good drivers with no accidents can save substantially compared to frequent claim filers.
  • Multiple Cars – Buying insurance for all your vehicles on one policy may reduce the rate for each vehicle.
  • Federal Employees – Active or retired federal employment may qualify you for a discount for MKX coverage with a few insurance companies.
  • Sign Early and Save – Some insurance companies reward drivers for signing up prior to your current policy expiring. It can save you around 10%.

A little note about advertised discounts, some of the credits will not apply the the whole policy. Most only apply to individual premiums such as comprehensive or collision. Just because you may think you would end up receiving a 100% discount, insurance companies aren’t that generous.

Companies that may have these money-saving discounts may include but are not limited to:

Before buying, ask every prospective company what discounts are available to you. All car insurance discounts might not apply everywhere.

The easiest way to compare car insurance company rates is to understand car insurance companies will pay a fee to compare their rates. The only thing you need to do is give them some information including level of coverage desired, types of safety features, if the vehicle is leased, and the year, make and model of vehicles. The rating information is submitted instantly to many different companies and they respond with quotes instantly.

Parts of the Lincoln MKX rate equation

Consumers need to have an understanding of some of the elements that come into play when calculating your car insurance rates. Understanding what controls the rates you pay empowers consumers to make smart changes that could result in better car insurance rates.

  • Males pay more for insurance – Statistics demonstrate that men are more aggressive behind the wheel. However, don’t assume that women are BETTER drivers than men. They both are in accidents at a similar rate, but men cause more damage and cost insurance companies more money. Men also get cited for more serious violations like DUI and reckless driving.
  • Lower rates with optional equipment – Choosing a vehicle that has an advanced theft prevention system can get you a discount on your car insurance. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart car theft.
  • Higher safety ratings means cheaper insurance – Safer cars can get you lower premiums. Safe vehicles reduce injuries and lower injury rates translates into fewer and smaller insurance claims and more competitive rates for policyholders. If the Lincoln MKX earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Do you have a high stress job? – Jobs such as real estate brokers, architects and dentists are shown to have the highest average rates attributed to stressful work requirements and lots of time spent at work. Other jobs such as actors, historians and retirees pay the least for MKX coverage.
  • Never allow your policy to lapse – Allowing your car insurance policy to lapse will be a guaranteed way to increase your car insurance rates. And not only will insurance be more expensive, failure to provide proof of insurance might get you a revoked license or a big fine.
  • Adjust deductibles and save – Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your Lincoln. Some instances where coverage would apply could be running into the backend of another car, damage from fire, and windstorm damage. Your deductibles are how much you are willing to pay out-of-pocket before a claim is paid by your company. The more money you are required to pay out-of-pocket, the lower your rates will be for MKX coverage.

Tailor your coverage to you

When buying the best insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions might point out if your insurance needs might need professional guidance.

  • Does car insurance cover theft of personal property?
  • Can I afford to pay high deductible claims out of pocket?
  • Which companies will insure high-risk drivers?
  • Does my car insurance cover rental cars?
  • Can I rate high risk drivers on liability-only vehicles?
  • Am I covered when pulling a rental trailer?
  • Is my ex-spouse still covered by my policy?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Do car insurance companies bend the truth?

Drivers can’t ignore all the ads that promise big savings by State Farm and Allstate. They all make the same claim about savings if you switch to their company.

How can each company say the same thing?

All companies are able to cherry pick for the driver that earns them a profit. For example, a driver they prefer might be profiled as over the age of 50, has no driving citations, and drives newer vehicles. A customer getting a price quote who matches those parameters will get very good rates and as a result will probably pay quite a bit less when switching companies.

Consumers who don’t qualify for the “perfect” profile must pay a higher premium which usually ends up with business going elsewhere. The ad wording is “customers who switch” not “everybody who quotes” save that much money. That is how companies can make those claims. This illustrates why it is so important to quote coverage with many companies. It’s impossible to know which car insurance company will have the lowest Lincoln MKX insurance rates.

Car insurance coverages for a Lincoln MKX

Understanding the coverages of auto insurance can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the normal coverages found on the average auto insurance policy.

Collision – This coverage covers damage to your MKX caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like scraping a guard rail, damaging your car on a curb and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2015 Lincoln MKX.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability coverages – This provides protection from injuries or damage you cause to people or other property. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for claims such as medical services, repair costs for stationary objects and court costs. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for expenses for things like prosthetic devices, ambulance fees, dental work, X-ray expenses and funeral costs. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hitting a bird, hitting a deer and vandalism. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Spend less. Save more.

Throughout this article, we presented a lot of information how to reduce 2015 Lincoln MKX insurance prices online. The key concept to understand is the more you quote, the more likely it is that you will get a better rate. You may even find the best price on insurance coverage is with a smaller regional carrier. These smaller insurers may have significantly lower rates on certain market segments than the large multi-state companies such as Geico and State Farm.

When you buy insurance online, it’s a bad idea to sacrifice coverage to reduce premiums. There are many occasions where someone sacrificed collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

Affordable insurance is available from both online companies in addition to many insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance companies do not provide the ability to get a quote online and these regional insurance providers work with independent agents.

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