Lincoln MKX Insurance Quotes in Plano

  1. Home
  2. >
  3. Plano Auto Insurance
  4. >
  5. Lincoln MKX

Insurance quote for Lincoln MKX in PlanoIt takes a few minutes, but the best way to find the cheapest price for Lincoln MKX insurance in Plano is to compare prices at least once a year from providers in Texas.

  1. Read and learn about the coverage provided by your policy and the modifications you can make to lower rates. Many rating factors that result in higher rates such as speeding tickets, accidents and a low credit rating can be eliminated by paying attention to minor details.
  2. Compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Allstate, while independent agents can provide rate quotes from multiple companies. View companies
  3. Compare the quotes to the premium of your current policy to determine if switching companies saves money. If you find a lower rate quote and decide to switch, verify that coverage does not lapse between policies.
  4. Provide notification to your current company to cancel your current coverage. Submit the application along with any required down payment for the new policy. Once the application is submitted, put the certificate of insurance above your visor, in the console, or in the glove compartment.

The critical component of shopping around is to use identical limits and deductibles on each quote and to quote with as many different insurance providers as possible. This provides the most accurate price comparison and a complete price analysis.

A study showed that the majority of drivers kept their policy with the same company for four years or more, and virtually 40% of consumers have never even compared quotes to find cheaper rates. Many consumers in Texas can cut their rates by 70% a year, but they don't know the amount of savings they would get if they switch to a new company.

The most recommended method to compare policy rates for Lincoln MKX insurance in Plano is to know the fact most larger insurance companies pay for the opportunity to give free rates quotes. To begin a comparison, all you need to do is give them rating details including how much education you have, the type of vehicles you drive, your job, and if it has an anti-theft system. That rating data is instantly provided to insurance carriers in your area and you receive quotes almost instantly.

To get price quotes for your car now, click here and find out if lower rates are available in Plano.

The following companies offer comparison quotes in Plano, TX. If you wish to find cheap auto insurance in Plano, we suggest you visit several of them to get a more complete price comparison.

Insurance rate breakdown

The coverage table below highlights a range of insurance rates for Lincoln MKX models. Having a good understanding how policy rates are calculated is important to be able to make smart choices when selecting a coverage provider.

Lincoln MKX Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $240 $472 $382 $22 $114 $1,230 $103
MKX AWD $270 $472 $382 $22 $114 $1,260 $105
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in specific garaging location which can alter rates noticeably.

Physical damage deductible comparison

One of the most common auto insurance questions is where to set your physical damage deductibles. The figures shown below can help you understand the rate fluctuation of buying low and high deductibles. The first table uses a $100 physical damage coverage deductible and the second price chart uses a $1,000 deductible.

Lincoln MKX insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $328 $698 $382 $22 $114 $1,569 $131
MKX AWD $370 $698 $382 $22 $114 $1,611 $134
Get Your Own Custom Quote Go
Lincoln MKX insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $182 $368 $382 $22 $114 $1,068 $89
MKX AWD $206 $368 $382 $22 $114 $1,092 $91
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Information does not factor in specific location information which can raise or lower coverage prices substantially.

Based on the figures above, using a $100 deductible costs about $43 more each month or $516 each year across all Lincoln MKX models than choosing the higher $1,000 deductible. Because you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 21 months between claim filings, you would probably save some money going with the higher deductible. Below is the way you can do this calculation yourself.

Average monthly premium for $100 deductibles: $133
Average monthly premium for $1,000 deductibles (subtract): - $90
Monthly savings from raising deductible: $43
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $43
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

Rate comparison of full coverage and liability-only

The illustration below shows the comparison of Lincoln MKX car insurance costs when comparing full coverage to liability only. The price estimates are based on no accidents, no driving violations, $100 deductibles, drivers are single, and no policy discounts are applied.

When to eliminate full coverage

There is no exact rule of when to stop paying for physical damage coverage, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let's pretend your Lincoln MKX settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $5,000 after you pay the deductible. If you are paying over $500 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some scenarios where removing full coverage is not financially feasible. If you haven't satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Lower rate quotes on Lincoln MKX insurance in Plano with these car insurance discounts

Car insurance companies do not advertise every discount they offer in an easy-to-find place, so the following list contains both the well known and the more hidden discounts that may be available.Discount car insurance

  • Homeowners Savings - Owning a house in Plano can earn you a little savings because of the fact that having a home shows financial diligence.
  • E-sign - A handful of larger companies may give you up to $50 for buying your policy on the web.
  • Seat Belt Usage - Using a seat belt and requiring all passengers to buckle up can save up to 15% off PIP or medical payments premium.
  • Anti-theft Discount - Cars, trucks, and SUVs equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10% off your Plano car insurance quote.
  • Buy New and Save - Insuring a new MKX is cheaper because newer models are generally safer.
  • Low Mileage Discounts - Fewer annual miles on your Lincoln could earn lower car insurance rates on the low mileage vehicles.
  • Discount for Good Grades - Performing well in school may save you up to 25%. The good student discount can last up until you turn 25.
  • Passive Restraints and Air Bags - Factory options such as air bags or motorized seat belts may get savings up to 30%.
  • Early Payment Discounts - If you pay your entire premium ahead of time instead of paying each month you can avoid monthly service charges.

Keep in mind that most discount credits are not given to the whole policy. A few only apply to individual premiums such as physical damage coverage or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, it doesn't quite work that way.

The illustration below shows the difference between Lincoln MKX car insurance costs with and without discounts being applied to the rates. The rates are based on a female driver, a clean driving record, no claims, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, marriage, multi-car, homeowner, and safe-driver discounts applied.

Larger car insurance companies and their offered discounts can be found below.

  • Progressive has discounts for continuous coverage, online quote discount, multi-policy, homeowner, online signing, and multi-vehicle.
  • SAFECO may have discounts that include teen safe driver, drive less, bundle discounts, anti-theft, multi-car, teen safety rewards, and homeowner.
  • American Family includes discounts for defensive driver, bundled insurance, accident-free, air bags, good driver, and good student.
  • MetLife discounts include accident-free, claim-free, good student, defensive driver, good driver, and multi-policy.
  • GEICO has savings for five-year accident-free, anti-lock brakes, membership and employees, anti-theft, emergency military deployment, and air bags.
  • The Hartford may include discounts for air bag, anti-theft, vehicle fuel type, bundle, and driver training.

Before purchasing a policy, check with each company or agent what discounts are available to you. Some of the earlier mentioned discounts might not apply in every state.

Here's why car insurance is not optional

Even though it's not necessarily cheap to insure a Lincoln in Plano, insurance is a good idea for several reasons.

  • Most states have minimum liability requirements which means you are required to buy a specific level of liability coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a loan on your vehicle, it's most likely the lender will make it mandatory that you have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Lincoln at a significantly higher premium and force you to reimburse them for the much more expensive policy.
  • Car insurance protects not only your vehicle but also your assets. It also can pay for medical expenses that are the result of an accident. Liability insurance will also pay for a defense attorney if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of buying enough insurance are without a doubt worth the cost, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is overpaying over $800 each year so compare quotes from several companies each time the policy renews to ensure rates are inline.

Insurance agents can help

Keep in mind that when it comes to choosing the right insurance coverage for your vehicles, there really is not a one-size-fits-all type of policy. Everyone's needs are different.Auto insurance savings

For example, these questions might point out whether your personal situation will benefit from professional help.

  • Do I need replacement cost coverage?
  • Exactly who is provided coverage by my policy?
  • Should I rate my vehicle as business use?
  • I have health insurance so do I need medical payments coverage?
  • What does medical payments coverage do?
  • Should I bundle my homeowners policy with my auto?

If you don't know the answers to these questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form.

Local Plano insurance agents

Many people just want to get professional advice from a licensed agent and doing so can bring peace of mind One of the benefits of comparing insurance prices online is that drivers can save money and get cheap rate quotes but also keep your business local. And providing support for small agencies is important particularly in Plano.

Once you complete this form (opens in new window), your coverage information is emailed to agents in your area who will gladly provide quotes for your business. There is no reason to find an agent on your own since price quotes are sent to you instantly. You'll get the best rates without requiring a lot of work. If you want to compare prices from a specific company, you would need to go to their quote page and complete a quote there.

Picking the best company requires you to look at more than just a cheap price. Here are some questions to ask:

  • What is the financial rating for the quoted company?
  • Will the agent help in case of a claim?
  • How much can you save by raising your physical damage deductibles?
  • When do they do policy reviews?
  • What is the agency's Better Business Bureau rating?
  • What insurance companies do they work with in Plano?