Cheap Insurance for a Lincoln MKS in Plano

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Insurance for Lincoln MKSTruthfully, the best way to find cheaper prices for Lincoln MKS insurance is to do a yearly price comparison from providers in Plano.

  • Step 1: Try to understand how companies set rates and the modifications you can make to prevent rate increases. Many policy risk factors that result in higher rates such as inattentive driving and a low credit score can be improved by making small lifestyle or driving habit changes.
  • Step 2: Request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO and State Farm, while agents who are independent can provide price quotes from multiple companies. View insurance agents
  • Step 3: Compare the new rate quotes to your current policy premium to determine if switching companies saves money. If you find a lower rate and switch companies, ensure there is no coverage lapse between policies.
  • Step 4: Provide written notification to your current company of your decision to cancel your current car insurance policy and submit any necessary down payment along with the completed application to the new company. As soon as coverage is bound, place the new proof of insurance certificate in an accessible location in your vehicle.

One thing to remember is to make sure you're comparing the same level of coverage on each quote and and to compare as many companies as you can. Doing this guarantees a level playing field and plenty of rates choose from.

It's hard to fathom, but the vast majority of car insurance customers in Texas kept their policy with the same company for more than four years, and 38% of drivers have never compared rates with other companies. Drivers in America can save $860 each year, but most just don't grasp the amount of money they would save if they switched to a cheaper policy.

How to find affordable Lincoln MKS insurance in Plano

All major insurance companies give price estimates directly from their websites. Comparing Lincoln MKS insurance rates online is fairly straightforward as you simply type in the amount of coverage you want into a form. Once you submit the form, their rating system automatically retrieves information on your driving record and credit history and gives you a price quote based on these and other factors.

Being able to quote online for Lincoln MKS insurance in Plano simplifies rate comparisons, and it's necessary to get many rate quotes if you are searching for the cheapest price possible.

To find out how much you can save on insurance, compare quotes from the companies shown below. If you have your current policy handy, we recommend you duplicate your coverages as close as possible to your current policy. Doing this guarantees you are getting rate quotes based on identical coverages.

The companies shown below offer price comparisons in Plano, TX. If you want the best auto insurance in Texas, we recommend you visit two to three different companies in order to find the cheapest rates.

Discounts for affordable car insurance rates

Not too many consumers would say car insurance is affordable, but you might already qualify for some discounts to help bring down the price. Most are applied when you get a quote, but some may not be applied and must be manually applied prior to receiving the credit. If you aren't receiving every discount you deserve, you are paying more than you should be.Discount car insurance

  • Telematics Data - Drivers that enable data collection to spy on when and where they use their vehicle through the use of a telematics system like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if they have good driving habits.
  • Drivers Education - Cut your cost by having your teen driver complete a driver education course if it's offered in school.
  • Anti-lock Brakes - Cars with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
  • No Accidents - Plano drivers who stay claim-free pay much less compared to policyholders that have many claims.
  • Passive Restraints - Cars that have air bags can get savings of up to 25% or more.
  • Distant College Student Discount - Older children who are enrolled in a college that is more than 100 miles from Plano and do not take a car to college may be insured at a cheaper rate.

Don't be shocked that some of the credits will not apply to the overall cost of the policy. Most only reduce specific coverage prices like physical damage coverage or medical payments. Just because it seems like having all the discounts means you get insurance for free, company stockholders wouldn't be very happy.

The illustration below illustrates the difference between Lincoln MKS auto insurance rates with and without policy discounts. The premium estimates are based on a female driver, no claims or driving violations, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, marriage, multi-policy, and safe-driver discounts applied.

Companies who might offer some of the discounts shown above are:

When getting free Plano car insurance quotes, it's a good idea to every prospective company which discounts you may be entitled to. Some of the discounts discussed earlier might not be offered in Plano.

Lincoln MKS coverage analysis

The coverage information shown below highlights different prices for Lincoln MKS models. Having knowledge of how rates are figured can be of help when making informed coverage decisions.

Lincoln MKS Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $178 $360 $310 $18 $94 $960 $80
MKS 4-Dr Sedan $178 $360 $310 $18 $94 $960 $80
MKS Ecoboost AWD 4-Dr Sedan $196 $408 $310 $18 $94 $1,026 $86
Get Your Own Custom Quote Go

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Prices do not factor in specific Plano garaging location which can decrease or increase prices noticeably.

Higher deductibles lower rates

One common question asked by Plano drivers is how high should the physical damage coverage deductibles be. The rates below determine how much more you'll pay when you buy lower versus higher deductibles. The first set of rates uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.

Lincoln MKS insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $412 $804 $324 $20 $96 $1,681 $140
MKS 4-Dr Sedan $412 $804 $324 $20 $96 $1,681 $140
MKS Ecoboost AWD 4-Dr Sedan $454 $908 $324 $20 $96 $1,827 $152
Get Your Own Custom Quote Go
Lincoln MKS insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $300 $542 $324 $20 $96 $1,282 $107
MKS 4-Dr Sedan $300 $542 $324 $20 $96 $1,282 $107
MKS Ecoboost AWD 4-Dr Sedan $332 $614 $324 $20 $96 $1,386 $116
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Premium amounts do not factor in garaging location in Plano which can influence premium rates greatly.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $34 more each month or $408 each year than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you average more than 12 months between claims, you would save more money if you choose a higher deductible.

Men versus women drivers and insurance cost

The diagram below shows the difference between Lincoln MKS car insurance costs for male and female drivers. The premiums assume no claims or driving citations, full physical damage coverage, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

Liability only or full coverage

The diagram below shows the comparison of Lincoln MKS insurance costs when comparing full coverage to liability only. The costs are based on no claims or violations, $100 deductibles, drivers are not married, and no discounts are applied.

Should you pay for full coverage?

There is no set guideline for dropping physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let's assume your Lincoln MKS replacement cost is $8,000 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 $7,000 after the policy deductible has been paid. If you are currently paying more than $700 annually for your policy with 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 financially feasible. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Components of Your Lincoln MKS Insurance Costs

Many different elements are used in the calculation when you quote your car insurance policy. Some factors are common sense such as your driving record, but some are more obscure such as whether you are married or your commute time.

The list below includes some of the items that factor into your rate level.

Higher prices for demanding jobs - Occupations such as lawyers, airline pilots, and miners generally have the highest rates due to intense work-related stress and long work days. Other professions such as farmers, athletes and homemakers pay lower than average rates.

Remove unneeded add-on coverages - There are a lot of extra coverages that you can buy on your car insurance policy. Insurance for rental car reimbursement, death and dismemberment, and extra equipment coverage may not be needed and are just wasting money. You may think they are a good idea initially, but if you have no use for them think about removing them and cutting costs.

Never let your car insurance policy lapse - Not having insurance is a big no-no and you may have a hard time finding new coverage because you let your insurance lapse. And not only will your rates increase, the inability to provide proof of insurance might get you a hefty fine and possibly a revoked license.

Consolidate policies with the same company - The majority of insurance companies give better rates to customers who have multiple policies with them. It's known as a multi-policy discount. If you currently are using one company, it's in your best interest to comparison shop to ensure the best deal.

Better car insurance rates on vehicles with better crash test results - Safer cars tend to have better insurance rates. The safest vehicles result in less severe injuries and lower injury rates means lower claim amounts and more competitive rates for policyholders.

Premiums increase with driving tickets - A bad driving record impacts premiums far more than you think. Attentive drivers get better prices as compared to those with violations. Just one chargeable violation can increase the cost of insurance by as much as thirty percent. Drivers unfortunate enough to have license-revoking tickets such as DUI or reckless driving may be required to maintain a SR-22 with their state in order to prevent their license from being revoked.

The example below shows how speeding tickets and accident claims increase Lincoln MKS insurance costs for different age categories. The premiums are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.

Teenage drivers pay more - Drivers with little experience have a tendency to be less responsible when at the wheel of a vehicle so car insurance rates are higher. Adding a teen driver to your policy can be quite pricey. Older, more experienced drivers are shown to be more cautious, tend to file fewer claims, and usually have better credit.

The next chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Your address can affect costs - Living in a small town may provide you with better prices when talking about car insurance. People who live in big cities tend to have congested traffic and much longer commute distances. Less people means a lower chance of having an accident as well as less vandalism and auto theft.

Lincoln MKS claim data - Car insurance companies take into consideration insurance loss statistics for every vehicle when determining insurance rates. Models that are shown to have higher number or severity of losses will cost more to insure. The table below outlines the historical insurance loss data for Lincoln MKS vehicles.

For each policy coverage type, the claim probability for all vehicles combined as an average is considered to be 100. Values that are below 100 indicate a favorable loss history, while values that are above 100 point to more frequent losses or an increased probability of a larger loss.

Lincoln MKS Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Lincoln MKS 4dr 2WD 121 90 140 78 103
Lincoln MKS 4dr 4WD 135 89 204 89
Lincoln MKS Ecoboost 4dr 4WD 139 93 153 87
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Comparing prices from local Plano insurance agencies

A lot of people still prefer to have an agent's advice and that is not a bad decision Experienced insurance agents can help determine the best coverages and give you someone to call. A nice benefit of getting free rate quotes online is that drivers can save money and get cheaper premium rates and also buy local. Buying from local insurance agents is definitely important in Plano.

Find insurance agent in PlanoTo help locate an agent, after submitting this simple form, the coverage information is immediately sent to local insurance agents who will give competitive quotes for your insurance coverage. You never need to visit any agencies since rate quotes are delivered to you instantly. If you need to quote rates from a particular provider, you just need to jump over to their website and complete a quote there.

Picking the best insurer should depend on more than just the quoted price. These are some valid questions you should ask.

  • How many years have they been established?
  • What is the agency's Better Business Bureau rating?
  • Is there a local claims center in Plano?
  • Which companies do they recommend if they are an independent agency?
  • Do you have coverage for a rental car if your vehicle is in the repair shop?
  • Are there any hidden costs in their price quote and does it include driving and credit history?
  • If you have an accident, will your rates go up?
  • Does the company allow you to choose your own collision repair facility?

Best car insurance company in Plano

Insuring your vehicle with the best insurance provider can be rather challenging considering how many companies provide coverage in Plano. The information in the lists below may help you decide which coverage providers to look at comparing rates with.

Top 10 Plano Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Top 10 Plano Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Cover all your bases

Cost effective Lincoln MKS insurance is possible online as well as from insurance agents, and you need to comparison shop both to have the best selection. Some insurance companies do not provide online rate quotes and many times these smaller companies work with independent insurance agencies.

As you go through the steps to switch your coverage, never buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced full coverage and discovered at claim time that it was a big error on their part. Your goal should be to get the best coverage possible at the best possible price but still have enough coverage for asset protection.

Drivers leave their current company for any number of reasons including high rates after DUI convictions, unfair underwriting practices, not issuing a premium refund or even being labeled a high risk driver. It doesn't matter what your reason, finding a new insurance company is pretty simple and you could end up saving a buck or two.

More detailed insurance information is located in the articles below: