How long has it been since you shopped around for the cheapest Lincoln MKT insurance in Irvine? Did a good deal turn out to be high-priced Lincoln MKT insurance in Irvine? Don’t feel bad because there are many Irvine drivers thinking the same thing.
It’s safe to conclude that insurance companies don’t want policyholders to shop around. Insureds who compare price quotes are highly likely to switch companies because there is a good chance of finding coverage at a cheaper rate. A study discovered that people who compared prices regularly saved approximately $3,400 over four years compared to those who never shopped around.
If finding budget-friendly rates on auto insurance is your ultimate goal, understanding how to find companies and compare coverage rates can save time and money.
Steps to buying affordable Lincoln MKT insurance in Irvine
If you want to find the absolute lowest rates, then the best way to get more affordable Lincoln MKT insurance in Irvine is to make a habit of comparing prices annually from insurers who sell auto insurance in California.
- Gain an understanding of the different coverages in a policy and the measures you can control to keep rates down. Many things that result in higher rates like at-fault accidents, careless driving, and poor credit history can be improved by paying attention to minor details.
- Request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from one company like GEICO and State Farm, while agents who are independent can provide price quotes from multiple companies.
- Compare the new rates to your existing coverage and determine if cheaper MKT coverage is available. If you find a better price and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
A good piece of advice is to make sure you’re comparing identical deductibles and limits on each price quote and and to get prices from as many companies as feasibly possible. Doing this guarantees an apples-to-apples comparison and a complete rate analysis.
Due to the increasing number of choices for buying cheaper insurance for a Lincoln MKT in Irvine, it can be difficult for people to pick the most affordable insurance company.
Consumers need to check auto insurance prices periodically because auto insurance prices are variable and change quite frequently. Even if you got the best deal on Lincoln MKT insurance in Irvine last year you will most likely find a better rate quote today. Forget all the misinformation about auto insurance because I’m going to let you in on the secrets to how to use online quotes to lower your rates without sacrificing coverage.
Reducing your insurance rates is actually quite simple. You just have to invest a few minutes comparing price quotes online from several insurance companies.
Comparing free price quotes online is easy and it, makes it obsolete to call or drive to and from local Irvine insurance agencies. The internet makes this process obsolete unless you require the professional assistance that only a licensed agent can provide. It is possible to comparison shop your insurance online and still use a local agent.
The companies shown below are our best choices to provide quotes in Irvine, CA. To find cheaper car insurance in Irvine, we recommend you compare several of them to get a more complete price comparison.
Data for Lincoln MKT insurance
The data table shown below outlines a range of rate quotes for Lincoln MKT models. Learning as much as possible about how insurance rates are determined can be useful when making decisions when shopping around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MKT 3.7 2WD||$412||$792||$524||$32||$156||$1,916||$160|
|MKT 3.7 AWD||$454||$912||$524||$32||$156||$2,078||$173|
|Get Your Own Custom Quote Go|
Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Information does not factor in garaging location in Irvine which can lower or raise premium rates considerably.
The example below shows how choosing a deductible and can impact Lincoln MKT annual premium costs for different age groups. The prices are based on a single female driver, full physical damage coverage, and no policy discounts are applied.
Yearly auto insurance costs for men versus women
The illustration below visualizes the comparison of Lincoln MKT car insurance rates for male and female drivers. Data assumes no accidents or driving violations, comprehensive and collision coverage, $500 deductibles, single status, and no discounts are applied.
Lincoln MKT full coverage rates compared to liability only
The diagram below compares Lincoln MKT car insurance rates with full coverage and liability only. The data is based on no accidents, no driving violations, $500 deductibles, single status, and no discounts are applied to the premium.
Are you wasting money paying for full coverage?
There is no written rule to eliminate comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your Lincoln MKT book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after the policy deductible has been paid. If you are paying over $500 annually for full coverage, then it might be time to buy liability only.
There are some conditions where only buying liability is not recommended. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should maintain full coverage.
Informed Drivers Know How to Find Auto Insurance Cheaper
Many different elements are used when you get your auto insurance bill. Some are obvious such as your driving record, although some other factors are more obscure such as your marital status and annual miles driven. Consumers need to have an understanding of a few of the rating criteria that play a part in calculating your premiums. If you know what positively or negatively impacts your premiums, this enables informed choices that may result in cheaper rates.
The list below includes some of the things companies use to determine premiums.
Get a ticket, pay higher costs – Getting just one speeding ticket may cause rates to rise to the point where it’s not affordable. Drivers with clean records pay lower auto insurance prices as compared to those with violations. Drivers who have received multiple citations like DUI or reckless driving are required to submit a SR-22 form with their state’s department of motor vehicles in order to legally drive.
The information below shows how speeding tickets and at-fault collisions drive up Lincoln MKT annual premium costs for each different age group. The information is based on a single male driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.
Multi-policy discounts can save money – Lots of insurers provide better rates for people who buy several policies from them, otherwise known as a multi-policy discount. Even if you already get this discount, you may still want to compare other company rates to help guarantee you have the best rates.
Your age impacts your premiums – Youthful drivers in California are proven to be careless and easily distracted when driving with friends and because of this, their auto insurance rates are much higher. If you’ve ever had to add a beginning driver onto a policy can break the bank. Older people are more cautious drivers, tend to cause fewer accidents, and usually have better credit.
The following chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Where you live factors in – Having an address in less populated areas of the country has it’s advantages when it comes to auto insurance. Lower population means less chance of accidents in addition to lower liability claims. People in densely populated areas tend to have congested traffic and a longer drive to work. The longer drive time means more chances of being involved in an auto accident.
File insurance claims and pay more – If you are the type of insured that files lots of claims you can definitely plan on increased rates or even have your policy non-renewed. Companies in California generally give the lowest premiums to insureds who are not frequent claim filers. Your car insurance is designed for major claims that would cause financial hardship.
Less chance of injury means lower premiums – Vehicles with good safety scores are cheaper to insure. Safe vehicles reduce the chance of injuries and any reduction in injury severity means less claims paid which can result in lower premiums. If your Lincoln is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
Do you need those extra policy coverages? – Insurance policies have a lot of optional add-on coverages that can waste your money if you aren’t careful. Coverage for things like vanishing deductibles, death and dismemberment, and extra life insurance coverage are probably not needed. They may seem like a good idea when discussing your needs, but now you might not need them so eliminate them to save money.
Lincoln MKT claim statistics – Auto insurance companies factor in insurance loss information when determining insurance prices. Vehicles that the data determines to have a higher amount or frequency of claims will have higher rates. The data below shows the historical insurance loss data for Lincoln MKT vehicles.
For each type of coverage, the claim amount for all vehicles, regardless of make or model, is represented as 100. Percentage values below 100 mean the vehicle has better than average losses, while percentage numbers above 100 indicate more frequent losses or an increased probability of a larger loss.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Lincoln MKT 4dr 2WD||128||133|
|Lincoln MKT 4dr 4WD||118||85||138||85|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance is not optional but you don’t have to overpay
Despite the high insurance cost for a Lincoln MKT in Irvine, insurance is required by state law in California and it also provides benefits you may not be aware of.
- The majority of states have mandatory liability insurance requirements which means state laws require a specific level of liability protection if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you bought your Lincoln with a loan, more than likely the lender will make it a condition of the loan that you have insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender will be forced to insure your Lincoln at a much higher premium rate and force you to reimburse them the higher price.
- Car insurance preserves your vehicle and your assets. It will also cover medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If you have damage to your Lincoln as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of having insurance more than cancel out the cost, especially when you need to use it. According to a survey of 1,000 drivers, the average driver is overpaying over $800 each year so you should quote your policy with other companies each time the policy renews to ensure rates are inline.