Best Irvine Lincoln MKZ Insurance

A recent car insurance study revealed that the majority of drivers have bought car insurance from the same company for four years or more, and practically 40% of car insurance customers have never even compared quotes to find affordable rates. Many drivers in the United States could save nearly 46.5% each year just by getting comparison quotes, but they don’t understand how simple it is to compare rate quotes.

Insurance quote for Lincoln MKZ in IrvineThe easiest way to get affordable Lincoln MKZ insurance in Irvine is to compare prices regularly from insurers that insure vehicles in California.

An important part of this process is that you’ll want to make sure you compare identical deductibles and limits on each price quote and and to get prices from as many different companies as possible. This provides a level playing field and and a good selection of different prices.

Getting a cheap price on Lincoln MKZ insurance can be relatively painless. Just invest a little time comparing free Irvine auto insurance quotes to discover which company has cheaper Irvine auto insurance quotes.

The companies shown below are our best choices to provide price comparisons in California. If you want to find cheap auto insurance in California, it’s a good idea that you visit as many as you can in order to find the lowest rates.

Insurance coverage details

The table displayed below covers estimates of insurance prices for Lincoln MKZ models. Understanding how policy rates are formulated can assist in making smart choices when purchasing an auto insurance policy.

Lincoln MKZ Insurance Rates in Irvine, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $374 $764 $510 $30 $152 $1,830 $153
MKZ AWD 4-Dr Sedan $374 $764 $510 $30 $152 $1,830 $153
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Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate quotes do not factor in specific zip code location which can affect auto insurance rates noticeably.

Choosing deductibles

One frequently asked question is how high should your deductibles be. The rates shown below can help you visualize the cost difference when you buy lower versus higher deductibles. The first set of prices uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $1,000 deductible.

Lincoln MKZ insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $386 $780 $500 $30 $150 $1,871 $156
MKZ AWD 4-Dr Sedan $386 $780 $500 $30 $150 $1,871 $156
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Lincoln MKZ insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $238 $490 $500 $30 $150 $1,408 $117
MKZ AWD 4-Dr Sedan $238 $490 $500 $30 $150 $1,408 $117
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can modify coverage prices greatly.

Using the premium rates above, we can conclude that using a $250 deductible will cost in the ballpark of $39 more each month or $468 every year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you go at least 19 months between claim filings, you would come out ahead going with the higher deductible.

Calculate deductible break even point

Average monthly premium for $250 deductibles: $156
Average monthly premium for $1,000 deductibles (subtract): – $117
Monthly savings from raising deductible: $39
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $39
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One important note is that raising deductibles results in a higher out-of-pocket expense when you have to file a claim. You need to make sure you have a higher level of savings in the event you have to pay the higher deductible in order to repair your vehicle.

The diagram below highlights how deductible selection and can increase or decrease Lincoln MKZ insurance costs for each age group. The prices are based on a married female driver, full coverage, and no other discounts are factored in.

Full coverage versus liability-only

The example below illustrates the difference between Lincoln MKZ insurance premiums when comparing full coverage to liability only. The information is based on no accidents, no driving violations, $250 deductibles, single marital status, and no additional discounts are factored in.

Should you be buying full coverage?

There is no set guideline of when to stop paying for physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s assume your Lincoln MKZ settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $3,000 after the deductible is paid. If premium cost is more than $300 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where removing full coverage is not advised. If you still owe money on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Car insurance is not optional but you don’t have to overpay

Despite the high cost of buying insurance for a Lincoln MKZ in Irvine, car insurance is required in California but also provides important benefits.

The benefits of insuring your MKZ more than offset the price you pay, especially with large liability claims. Unknowingly, the average driver overpays more than $830 a year so you should quote and compare rates at every renewal to help ensure money is not being wasted.

How Insurers Determine Lincoln MKZ Insurance Prices

Consumers need to have an understanding of the rating factors that go into determining your car insurance rates. If you understand what influences your rates, this allows you to make good choices that will entitle you to lower rates.

Shown below are a partial list of the pieces utilized by car insurance companies to help set your rates.

Get cheaper Lincoln MKZ insurance rates in Irvine

Car insurance companies don’t always list the complete list of policy discounts very well, so we took the time to find both well-publicized as well as the least known discounts that you can inquire about if you buy Irvine auto insurance online.Cheaper insurance with discounts

Policy discounts save money, but most discount credits are not given to the entire policy premium. A few only apply to individual premiums such as liability and collision coverage. So when the math indicates you could get a free insurance policy, you won’t be that lucky.

The chart below visualizes the comparison of Lincoln MKZ car insurance rates with and without discounts applied to the rates. The premiums are based on a male driver, no claims or driving violations, California state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, marriage, multi-policy, homeowner, and claim-free discounts applied.

A list of companies and the discounts they provide can be read below.

If you want affordable Irvine auto insurance quotes, ask every prospective company how many discounts you can get. Depending on the company, some discounts may not apply in every state. If you would like to view insurance companies that provide some of the discounts listed above in California, click here to view.

What is the best insurance coverage?

When choosing your policy, there really isn’t a single plan that fits everyone. Everyone’s situation is unique.Higher deductibles save money

For instance, these questions might help in determining whether you may require specific advice.

If you’re not sure about those questions but you know they apply to you then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and can help protect your family.

When to contact a local insurance agent

Some people just prefer to buy from a licensed agent and that is OK! Agents can help you build your policy and help file insurance claims. One of the best bonuses of comparing rates online is that you can obtain the lowest rates and still have a local agent. Buying from and supporting neighborhood insurance agencies is especially important in Irvine.

Insurance agency in IrvineAfter filling out this form (opens in new window), the quote information is transmitted to participating agents in Irvine who can give free rate quotes to get your business. You never need to visit any agencies since price quotes are sent to you. If you have a need to get a rate quote from one company in particular, feel free to visit that company’s website to submit a rate quote request.

Selecting a insurer should include more criteria than just the bottom line cost. Below are some questions you should ask.

After you get good feedback to all your questions and a good coverage price, you may have found an provider that can be trusted to adequately provide car insurance.

Lower rates by being persistent

Drivers who switch companies do it for many reasons like policy cancellation, questionable increases in premium, high rates after DUI convictions and being labeled a high risk driver. It doesn’t matter why you want to switch switching companies is actually quite simple.

As you shop your coverage around, you should never reduce needed coverages to save money. There are a lot of situations where someone dropped liability limits or collision coverage and found out when filing a claim they didn’t purchase enough coverage. The proper strategy is to find the BEST coverage for the lowest price, not the least amount of coverage.

We just presented many ideas to reduce Lincoln MKZ insurance premium rates online in Irvine. The key concept to understand is the more you quote Irvine auto insurance, the better chance you’ll have of finding inexpensive Irvine auto insurance quotes. You may even discover the best premium rates are with the least-expected company.

Much more information about car insurance in California can be read at the links below