Cheap Insurance for a Lincoln MKZ in Plano

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Insurance quote for Lincoln MKZ in PlanoThe best way we recommend to save money on auto insurance rates is to begin comparing prices regularly from providers who sell insurance in Plano. You can compare prices by following these guidelines.

First, take a few minutes and learn about how car insurance works and the changes you can make to keep rates low. Many rating criteria that drive up the price like traffic violations, accidents, and an unacceptable credit rating can be eliminated by making small lifestyle or driving habit changes. This article provides more ideas to prevent high rates and find discounts that may have been missed.

Second, obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive and State Farm, while independent agents can give you price quotes from multiple companies.

Third, compare the new quotes to your existing rates and determine if cheaper MKZ coverage is available. If you find a better price, ensure there is no coverage lapse between policies.

One important bit of advice is to try to use the same deductibles and limits on each price quote and to quote with as many carriers as you can. Doing this provides a level playing field and a complete selection of prices.

It's an obvious statement that auto insurance companies want to keep your business as long as possible. People who compare price quotes will presumably switch insurance companies because they have good chances of finding lower prices. A recent insurance study discovered that drivers who compared rates regularly saved approximately $70 a month as compared to drivers who don't regularly compare prices.

If finding the lowest price for Lincoln MKZ insurance is why you're here, then having a good understanding the best ways to shop for insurance rates can help simplify the process.

Locating the best insurance company for you in Plano can be easy if you know a few tricks. If you have insurance now or just want cheaper coverage, use these tips to cut your premiums and still have adequate protection. Comparison shoppers just need to learn the best way to shop for car insurance using one simple form.

Companies offering Lincoln MKZ insurance in Plano

The companies shown below are ready to provide comparison quotes in Texas. If you wish to find the best cheap auto insurance in Texas, we recommend you visit several of them to get the most affordable price.

Lincoln MKZ insurance coverage information

The premium information displayed next outlines detailed analysis of prices for Lincoln MKZ models. Having a good grasp of how insurance policy rates are determined is important to be able to make smart choices when buying a car insurance policy.

Lincoln MKZ Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $158 $352 $404 $24 $122 $1,060 $88
MKZ AWD 4-Dr Sedan $158 $352 $404 $24 $122 $1,060 $88
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate quotes do not factor in specific location information which can affect price quotes greatly.

The information below highlights how deductible choice and can change Lincoln MKZ insurance premiums for different insured age categories. The price estimates are based on a single female driver, full coverage, and no policy discounts are applied.

Safe drivers pay cheaper rates

The example below shows how speeding tickets and at-fault collisions impact Lincoln MKZ insurance rates for different ages of insureds. The price estimates are based on a married female driver, full coverage, $500 deductibles, and no discounts are taken into consideration.

Insurance cost for men versus women in Plano

The information below visualizes the comparison of Lincoln MKZ insurance premiums for male and female drivers. The data is based on a clean driving record, no at-fault accidents, comp and collision included, $500 deductibles, single marital status, and no policy discounts are applied.

Does it make sense to buy full coverage?

The illustration below compares Lincoln MKZ insurance costs when comparing full coverage to state minimum liability only. The price estimates are based on no claims, a clean driving record, $250 deductibles, single status, and no discounts are taken into consideration.

Should you be buying full coverage?

There is no clear-cut rule of when to phase out comp and collision coverage, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let's pretend your Lincoln MKZ book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $7,000 after paying the physical damage deductible. If premium cost is more than $700 a year for full coverage, then it might be time to consider dropping full coverage.

There are some circumstances where dropping physical damage coverage is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage in place.

Get affordable rates on Lincoln MKZ insurance in Plano with these eight discounts

Insuring your fleet can be pricey, but you can get discounts to reduce the price significantly. A few discounts will automatically apply at the time of purchase, but some must be asked for before they will apply.Discount car insurance

  • Club Memberships - Belonging to qualifying clubs or civic groups could earn you a nice discount on your bill.
  • New Vehicle Savings - Buying insurance on a new vehicle is cheaper because new model year vehicles have to meet stringent safety requirements.
  • Good Grades Discount - Excelling in school can save 20 to 25%. You can use this discount normally until age 25.
  • Include Life Insurance and Save - Not all car insurance companies offer life insurance, but some may give you a small discount if you purchase a life policy as well.
  • Bundle and Save - If you can combine your home and auto policy with one insurance company you may save nearly 15% which can help you find low cost Lincoln MKZ insurance.
  • Senior Discount - Drivers over the age of 55 may qualify for a small decrease in premiums.
  • Passenger Safety Discount - Factory options such as air bags may earn rate discounts of more than 20%.
  • Anti-theft Discount - Cars and trucks equipped with tracking devices and advanced anti-theft systems are stolen less frequently and can earn a small discount on your policy.

As a disclaimer on discounts, some of the credits will not apply to the whole policy. Some only reduce specific coverage prices like comp or med pay. So when the math indicates adding up those discounts means a free policy, you're out of luck.

The information below shows the comparison of Lincoln MKZ premium costs with and without discounts applied. The data assumes a female driver, no violations or accidents, Texas 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 marriage, safe-driver, homeowner, claim-free, multi-policy, and multi-car discounts applied.

Companies and a selection of discounts are included below.

  • GEICO offers discounts for military active duty, seat belt use, anti-lock brakes, good student, daytime running lights, and defensive driver.
  • USAA may have discounts that include driver training, family discount, loyalty savings, military installation, and safe driver.
  • Progressive has discounts for good student, multi-vehicle, online signing, online quote discount, and homeowner.
  • American Family has savings for good student, defensive driver, air bags, early bird, and multi-vehicle.
  • Esurance discounts include good student, claim free, anti-lock brakes, anti-theft, and multi-car.
  • Farmers Insurance may offer discounts for multi-car, early shopping, alternative fuel, electronic funds transfer, bundle discounts, good student, and business and professional.
  • State Farm includes discounts for student away at school, Drive Safe & Save, good driver, defensive driving training, multiple autos, passive restraint, and good student.

If you need lower rates, check with every prospective company which credits you are entitled to. Some of the discounts discussed earlier might not be available to policyholders in your area. To find car insurance companies that offer some of these discounts in Plano, click here.

When to contact an insurance agency

Some consumers still prefer to talk to an insurance agent and that is not a bad decision Most agents can answer important questions and help submit paperwork. An additional benefit of comparing rates online is you can get lower prices and still have an agent to talk to.

Plano insurance agentsFor easy comparison, once you complete this short form, your insurance data is transmitted to insurance agents in Plano that can provide free Plano car insurance quotes for your coverage. It's much easier because you don't need to contact any insurance agencies since price quotes are sent directly to you. If for some reason you want to get a rate quote from a specific auto insurance provider, just jump over to their website to submit a rate quote request.

Picking an insurance company shouldn't rely on just a low price. Here are some questions to ask:

  • Do they reduce claim amounts on high mileage vehicles?
  • Is working in the agency their full-time job?
  • Is the agency involved in supporting local community causes?
  • Does the company use OEM repair parts?
  • Which company do they place the most coverage with?

When narrowing the list to find a good insurance agency, you need to know there are two different agency structures and how they are slightly different. Auto insurance agents in Plano can be described as either exclusive or independent (non-exclusive). Both can insure your vehicles properly, but it's important to point out why they differ since it may influence your selection of an agent.

Exclusive Insurance Agencies

Agents that choose to be exclusive can usually just insure with one company such as State Farm, Allstate, or Farmers Insurance. These agents are unable to give you multiple price quotes so they have no alternatives for high prices. Exclusive agents are highly trained on the products they sell which helps overcome the inability to quote other rates. Some insured continue to use the same agent mostly because of the brand rather than having low rates.

Shown below are exclusive insurance agencies in Plano who can help you get comparison quotes.

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Independent Auto Insurance Agents

These agents often have many company appointments so they can write business through many companies and find you cheaper rates. If your premiums go up, an independent agent can move your coverage and you don't have to switch agencies.

If you need cheaper auto insurance rates, we recommend you get some free quotes from a few independent agents in order to compare the most rates. Most independent agents also contract with companies that do not advertise much that may have much lower rates than larger companies.

Shown below are Plano independent insurance agencies willing to provide comparison quotes.

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Plano auto insurance companies ranked

Choosing the best insurer is difficult considering how many companies there are in Plano. The company ratings shown next could help you choose which providers to look at putting your business with.

Top 10 Plano Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Top 10 Plano Car Insurance Companies Ranked by Customer Service

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

Insurance coverage options for a Lincoln MKZ

Learning about specific coverages of a insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Liability coverages

This will cover damage that occurs to people or other property in an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 30/60/25 that means you have $30,000 in coverage for each person's injuries, $60,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against things like court costs, funeral expenses and attorney fees. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford. Texas state minimum liability requirements are 30/60/25 but you should think about purchasing higher limits.

The chart below shows why minimum state limits may not provide you with enough coverage.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP kick in for expenses for X-ray expenses, dental work, nursing services and funeral costs. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection when other motorists are uninsured or don't have enough coverage. It can pay for medical payments for you and your occupants as well as your vehicle's damage.

Because many people only purchase the least amount of liability that is required (Texas limits are 30/60/25), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Comprehensive auto coverage

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as damage from getting keyed, a broken windshield and a tree branch falling on your vehicle. The most you'll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.

Collision insurance

Collision insurance pays for damage to your MKZ resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a parking meter, colliding with another moving vehicle, damaging your car on a curb, scraping a guard rail and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It's also possible to raise the deductible on your MKZ to bring the cost down.

Auto insurance savings summarized

We just covered a lot of ways to reduce Lincoln MKZ insurance car insurance rates online in Plano. It's most important to understand that the more quotes you get, the better chance you'll have of finding the cheapest Lincoln MKZ rate quotes. Consumers could even find that the lowest car insurance rates come from a small local company.

Consumers leave their current company for a variety of reasons including being labeled a high risk driver, questionable increases in premium, not issuing a premium refund and poor customer service. It doesn't matter why you want to switch finding the right auto insurance provider can be easier than you think.

When buying insurance coverage, do not buy lower coverage limits just to save a few bucks. There have been many situations where an accident victim reduced comprehensive coverage or liability limits only to discover later that the savings was not a smart move. Your strategy should be to buy the best coverage you can find for the lowest cost, but don't skip important coverages to save money.

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