Cheapest Lincoln MKX Insurance in Irvine

Discount Lincoln MKX insuranceIf your goal is the lowest price, then the best way to get more affordable Lincoln MKX insurance in Irvine is to annually compare prices from insurance carriers who can sell car insurance in California.

The key thing to remember is that you’ll want to make sure you compare identical limits and deductibles on each price quote and and to compare as many companies as possible. Doing this provides an accurate price comparison and the most accurate and complete price analysis.

It’s an obvious statement that insurance companies don’t want their customers to go rate shopping. Drivers who shop around for a cheaper policy are likely to switch companies because of the good chance of finding lower prices. A recent study showed that drivers who routinely shopped for cheaper coverage saved an average of $850 each year as compared to drivers who don’t regularly compare prices.

If finding discount rates on Lincoln MKX insurance in Irvine is your target objective, then learning a little about the best way to quote and compare coverage rates can help simplify the task of finding more affordable coverage.

If you are insured now or just want to reduce your rates, use these cost-cutting techniques to lower your rates and still get good coverage. Locating the most cost-effective insurance policy in Irvine can be made easier if you know where to look. Shoppers only need an understanding of the most efficient way to compare rate quotes from many different companies.

Take policy discounts and save on Lincoln MKX insurance in Irvine

Auto insurance is expensive, but companies offer discounts that can help lower your rates. Many discounts should be triggered at the time you complete a quote, but lesser-known reductions have to be specially asked for prior to getting the savings.

While discounts sound great, it’s important to understand that some of the credits will not apply to the whole policy. The majority will only reduce individual premiums such as comprehensive or collision. So even though you would think all those discounts means the company will pay you, nobody gets a free ride.

The illustration below illustrates the difference between Lincoln MKX insurance costs with and without discounts applied. The costs are based on a male driver, a clean driving record, no at-fault accidents, California state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-car, homeowner, marriage, and multi-policy discounts applied.

A list of auto insurance companies and some of the premium reductions they offer are included below.

When comparing rates, check with each company what discounts are available to you. Savings may not be available in Irvine. If you would like to choose from a list of auto insurance companies that offer the discounts shown above in Irvine, click here.

The companies shown below are ready to provide quotes in California. If multiple companies are listed, we suggest you visit several of them in order to find the lowest rates.

Auto insurance analysis for a Lincoln MKX

The price information displayed next highlights detailed analysis of coverage costs for Lincoln MKX models. Learning how premiums are established can aid in making smart choices when buying a car insurance policy.

Lincoln MKX Insurance Rates in Irvine, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $234 $524 $596 $36 $178 $1,568 $131
MKX AWD $264 $524 $596 $36 $178 $1,598 $133
Get Your Own Custom Quote Go

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Price information does not factor in specific zip code location which can affect insurance rates substantially.

Higher deductibles lower rates

One common question asked by Irvine drivers is how high or low should comp and collision deductibles be. The rates shown below illustrate the cost difference between low and high policy deductibles. The first rate table uses a $250 physical damage deductible and the second set of prices uses a $1,000 deductible.

Lincoln MKX insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $342 $678 $442 $26 $132 $1,645 $137
MKX AWD $386 $678 $442 $26 $132 $1,689 $141
Get Your Own Custom Quote Go

Lincoln MKX insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $210 $426 $442 $26 $132 $1,236 $103
MKX AWD $238 $426 $442 $26 $132 $1,264 $105
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Price estimates do not factor in specific location information which can alter premiums substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs about $35 more each month or $420 a year than buying the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 21 months between claim filings, you would most likely save money if you decide on a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $139
Average monthly premium for $1,000 deductibles (subtract): – $104
Monthly savings from raising deductible: $35
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important issue to know is that raising deductibles means you will have to pay more out-of-pocket if you have a claim. That will require some available funds in order to pay the deductible to have repairs made.

Drive safe and save

The diagram below illustrates how speeding tickets and accident claims can drive up Lincoln MKX insurance rates for different age groups. Data assumes a single male driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.

Comparison of full coverage and liability-only policies

The chart below illustrates the comparison of Lincoln MKX insurance rates with and without physical damage coverage. The premiums assume no violations or claims, $100 deductibles, drivers are single, and no other discounts are factored in.

When to buy liability coverage only

There is no set rule to delete full coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Lincoln MKX replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,000 after the policy deductible has been paid. If you are paying in excess of $800 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some circumstances where only buying liability is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Why Smart Buyers Pay Less for Lincoln MKX Insurance

Many factors are part of the calculation when you get a price on insurance. Some of the criteria are obvious such as your driving history, although others are not as apparent like where you live or your financial responsibility. The best way to find cheaper auto insurance is to take a look at a few of the rating criteria that aid in calculating your premiums. When you know what positively or negatively determines premiums, this enables informed choices that can help you get lower rates.

High premiums for younger drivers – Inexperience drivers have been known to be inattentive when driving with friends and because of this, their auto insurance rates are much higher. Parents adding a beginning driver onto your auto insurance can really hurt. Older insureds are proven to be safer behind the wheel, statistically cause fewer accidents, and get fewer tickets.

The next chart uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

Urban residents pay more – Having an address in less populated areas can be a good thing when shopping for auto insurance. People who live in big cities tend to have more traffic problems and longer commute times. Lower population means reduced accidents.

Better credit means lower premiums – Having a bad credit score is a large factor in determining what you pay for auto insurance. So if your credit rating could use some work, you could save money insuring your Lincoln MKX by improving your rating. Insureds that have very good credit scores tend to be more responsible and file fewer claims than drivers who have lower credit ratings.

Save money by eliminating incidental coverages – There are many extra add-on coverages that you can get tricked into buying if you aren’t diligent. Coverages like roadside assistance, high-cost glass coverage, and extra equipment coverage are some examples. The coverages may be enticing at first, but if you have no use for them remove them from your policy.

Your gender affects premiums – Over the last 50 years, statistics have shown that females take fewer risks when driving. However, this does not mean men are WORSE drivers than women. Males and females cause fender benders at a similar rate, but males cause more damage. They also get ticketed for serious violations like reckless driving and DUI.

The chart below compares Lincoln MKX premium costs for male and female drivers. The prices are based on no claims or violations, full physical damage coverage, $250 deductibles, drivers are single, and no policy discounts are applied.

Performance impacts costs – The performance of the car or truck you drive makes a big difference in determining your rates. Economy passenger cars normally have pretty low rates, but the final cost of insurance is determined by many other factors.

The data below is based on a married female driver age 50, full coverage with $100 deductibles, and no discounts or violations. It shows Lincoln MKX car insurance rates compared to other models of vehicles that have a range of performance rating factors.

Commute or pleasure use – The more you drive in a year the more it will cost to insure it. Most companies price each vehicle’s coverage determined by how the vehicle is used. Cars and trucks that sit idle most of the time can get a lower rate than cars that get driven a lot. It’s always a good idea to double check that your auto insurance declarations sheet states the correct driver usage. An improperly rated MKX may be wasting your money.

Lincoln MKX insurance loss data – Auto insurance companies take into consideration historical loss data for every vehicle when determining insurance prices. Vehicles that tend to have higher frequency or amount of claims will cost more for specific coverages.

The information below illustrates the historical insurance loss data for Lincoln MKX vehicles. For each type of coverage, the statistical loss for all vehicles, as a total average, is considered to be 100. Percentage values below 100 suggest losses that are better than average, while values over 100 indicate more frequent claims or an increased probability of a larger loss.

Insurance Loss Ratings for Lincoln MKX Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Lincoln MKX 4dr 2WD 77 80 67 66 81 78
Lincoln MKX 4dr 4WD 86 91 92 76 79 87

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Local Irvine car insurance agents and insurance

Certain consumers would prefer to get advice from a local agent and that is not a bad decision Experienced insurance agents can help you choose the best coverages and help submit paperwork. The best thing about getting free rate quotes online is that drivers can save money and get cheap insurance rates and still have a local agent.

Insurance agency in IrvineTo find an agent, once you fill out this quick form, your insurance coverage information is emailed to companies in Irvine who will gladly provide quotes and help you find cheaper coverage. There is no need to even leave your home as quotes are delivered to you directly. If you want to get a comparison quote from a particular provider, just visit that company’s website to submit a rate quote request.

Choosing the best insurance company needs to be determined by more than just the bottom line cost. Here are some questions you might want to ask.

What type of Irvine auto insurance agent is right for you?

When finding a good insurance agency, it’s important to understand the types of insurance agents that you can select. Agents can be categorized as either independent or exclusive. Either one can properly insure your vehicles, but we need to point out why they differ because it can impact which agent you choose.

Exclusive Insurance Agencies

Agents in the exclusive channel are contracted to one company and some examples include Allstate, State Farm and Farm Bureau. They are unable to shop your coverage around so if the price isn’t competitive there isn’t much they can do. They are very knowledgeable on sales techniques and that can be a competitive advantage.

Listed below is a short list of exclusive insurance agencies in Irvine who can help you get comparison quotes.

5410 Trabuco Rd #100Irvine, CA 92620(949) 726-9015View Map

2101 Business Center Dr Suite 110Irvine, CA 92612(949) 202-0338View Map

16277 Laguna Canyon Rd FIrvine, CA 92618(949) 727-4442View Map

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Independent Agents (or Brokers)

Independent agencies can quote rates with many companies so as a result can place your coverage through many companies and help determine which has the cheapest rates. To move your coverage to a new company, they simply switch companies in-house and you don’t have to switch agencies. When comparing insurance prices, we recommend you include rate quotes from at a minimum one independent agency to have the best price comparison.

Listed below are Irvine independent agents willing to provide price quotes.

201 Sandpointe Ave Suite 600Santa Ana, CA 92707(866) 845-9815View Map

3151 Airway Ave Suite F203Costa Mesa, CA 92626(714) 258-2800View Map

4952 Warner AveHuntington Beach, CA 92649(714) 846-4231View Map

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Auto insurance is an important decision

Despite the high cost, insuring your vehicle may be required and benefits you in several ways.

The benefits of carrying adequate insurance more than offset the price you pay, especially with large liability claims. Unknowingly, the average driver overpays more than $810 a year so you should quote your policy with other companies at every policy renewal to save money.

Don’t give up on cheaper premiums

Some insurance providers may not provide internet price quotes and usually these small, regional companies only sell coverage through independent insurance agencies. Cheaper insurance in Irvine can be sourced both online and from local agencies, and you need to comparison shop both in order to have the best price selection to choose from.

We just presented a lot of tips how to lower your Lincoln MKX insurance premium rates in Irvine. It’s most important to understand that the more you quote Irvine auto insurance, the more likely it is that you will get a better rate. You may even discover the lowest premium rates come from the smaller companies. These smaller insurers can often provide lower prices in certain areas than the large multi-state companies such as Allstate or State Farm.

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