Scraping up a payment for overpriced Lincoln MKZ insurance can take a big chunk out of your savings account and make it impossible to make ends meet. Doing a price comparison is free, only takes a few minutes, and is a good way to cut your insurance bill. Drivers have multiple auto insurance companies to insure vehicles with, and although it’s nice to have a selection, having more auto insurance companies makes it harder to find the lowest cost provider.
Are you getting all your discounts?
Companies that sell car insurance don’t list every discount very well, so here is a list both well-publicized and also the lesser-known ways to save on car insurance. If you don’t get every credit you deserve, you’re just leaving money on the table.
- Resident Student – Youth drivers living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
- Auto/Life Discount – Some companies give a discount if you purchase auto and life insurance together.
- Own a Home – Owning a house can save you money due to the fact that maintaining a home demonstrates responsibility.
- Low Mileage Discounts – Keeping the miles down on your Lincoln could be rewarded with better rates on cars that stay parked.
- Clubs and Organizations – Belonging to certain professional organizations could trigger savings on car insurance on MKZ coverage.
- Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
Drivers should understand that most discounts do not apply to the entire cost. Most only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates having all the discounts means you get insurance for free, companies wouldn’t make money that way.
Lincoln MKZ insurance premiums are calculated by many factors
Smart consumers have a good feel for some of the elements that go into determining the rates you pay for car insurance. Knowing what influences your rates helps enable you to make changes that could result in much lower annual insurance costs.
- Please use or commuting – The more miles you rack up on your Lincoln in a year’s time the more you will pay for car insurance. Most insurance companies apply a rate based on how the vehicle is used. Cars and trucks used primarily for pleasure use qualify for better rates than those used for commuting. An improperly rated MKZ can result in significantly higher rates. Double check that your car insurance policy is showing how each vehicle is driven.
- Don’t buy coverages you don’t need – There are quite a few add-on coverages that you can buy if you aren’t careful. Coverages like vanishing deductibles, towing coverage and additional equipment coverage may be costing you every month. These coverages may sound good when you first buy your policy, but now you might not need them so get rid of them and save.
- Increase deductibles and save – Your deductibles represent how much money you are willing to pay if you file a covered claim. Physical damage insurance, otherwise known as comp (or other than collision) and collision, insures against damage to your car. A few examples of covered claims are colliding with a building, collision with an animal, and windstorm damage. The more you have to pay, the less your car insurance will be on MKZ coverage.
- High crash test scores lower rates – Vehicles with good safety scores tend to have better insurance rates. These vehicles have better occupant injury protection and fewer injuries means less money paid by your insurance company and more competitive rates for policyholders. If your Lincoln MKZ is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
When might I need an agent?
When it comes to choosing adequate coverage, there is no best way to insure your cars. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that may help you determine whether or not you will benefit from professional help.
- Is rental equipment covered for theft or damage?
- Does medical payments coverage apply to all occupants?
- What can I do if my company denied a claim?
- When should my teen driver be added to my policy?
- Does my insurance cover damage caused when ticketed for reckless driving?
- I don’t drive much so do I pay less?
- Does my car insurance cover rental cars?
- If my Lincoln MKZ is totaled, can I afford another vehicle?
- Do I have coverage for damage caused while driving under the influence?
- Do I need added coverage for expensive stereo equipment?
If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Slick advertising tricks that work
Consumers can’t get away from ads for the lowest price auto insurance by companies like Progressive, Allstate and GEICO. All the ads make an identical promise of big savings if you move to them.
But how can every company claim to save you money? It’s all in the numbers.
All companies are able to cherry pick for the right customer they prefer to insure. A good example of a desirable insured could possibly be over the age of 50, is a homeowner, and drives less than 10,000 miles a year. Any driver who fits that profile will qualify for the lowest rates and therefore will pay quite a bit less when switching companies.
Consumers who do not match these standards must pay higher rates which usually ends up with the customer not buying. The ads say “people who switch” not “everyone that quotes” save that kind of money. That is how insurance companies can advertise the savings. This illustrates why drivers must quote coverage with many companies. It is impossible to predict the company that will fit your personal profile best.
A little work can save a LOT of money
Cheap Lincoln MKZ insurance can be bought from both online companies as well as from independent agents, and you need to price shop both to have the best chance of lowering rates. Some insurance providers don’t offer online quoting and most of the time these regional insurance providers sell through independent agents.
As you go through the steps to switch your coverage, don’t be tempted to skimp on coverage in order to save money. In many instances, an insured cut physical damage coverage and found out when filing a claim that they should have had better coverage. Your goal should be to buy enough coverage at a price you can afford while still protecting your assets.
We’ve covered some good ideas how you can save on Lincoln MKZ insurance. The key concept to understand is the more rate comparisons you have, the higher your chance of finding lower rates. You may even discover the lowest rates come from some of the lesser-known companies. They may only write in your state and offer lower rates than the large multi-state companies such as Allstate, GEICO and Progressive.
