If you want to save money, the best way to quote cheaper Lincoln MKZ insurance is to compare quotes once a year from different companies in Fresno.
- Try to learn about auto insurance and the measures you can take to prevent expensive coverage. Many factors that drive up the price such as speeding and an unacceptable credit rating can be amended by making minor driving habit or lifestyle changes. This article gives more ideas to prevent high prices and find missing discounts.
- Obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO and Allstate, while independent agents can provide price quotes from many different companies. View prices
- Compare the quotes to the premium of your current policy and see if you can save money. If you find a lower rate quote and decide to switch, make sure there is no coverage gap between policies.
- Give notification to your current company of your intention to cancel your existing policy and submit a completed policy application and payment for the new coverage. Once coverage is bound, put the new certificate verifying coverage along with the vehicle’s registration papers.
The most important part of shopping around is to make sure you enter the same liability limits and deductibles on each quote request and and to get price estimates from every insurance company. Doing this guarantees the most accurate price comparison and maximum price selection.
Unbelievable but true, the vast majority of car insurance customers kept buying from the same company for more than four years, and nearly the majority have never compared rates with other companies. With the average premium in California being $1,387, drivers can cut their rates by almost $500 a year, but they don’t know how much they could save if they switch to a new company.
Lincoln MKZ insurance coverage information
The table displayed below showcases estimates of coverage prices for Lincoln MKZ models. Learning a little about how prices are calculated can be useful when making smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKZ 4-Dr Sedan | $314 | $630 | $500 | $30 | $150 | $1,624 | $135 |
| MKZ AWD 4-Dr Sedan | $314 | $630 | $500 | $30 | $150 | $1,624 | $135 |
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rate quotes do not factor in zip code location which can influence price quotes noticeably.
How accidents and violations affect rates
The example below shows how speeding tickets and at-fault accidents can increase Lincoln MKZ car insurance costs for different age groups. Data assumes a married female driver, full coverage, $500 deductibles, and no policy discounts are applied.
Insurance rates based on gender
The illustration below shows the comparison of Lincoln MKZ insurance premiums for male and female drivers. Data assumes no claims or driving citations, full coverage, $100 deductibles, marital status is single, and no discounts are taken into consideration.
Cost difference between full coverage and liability
The chart below illustrates the comparison of Lincoln MKZ car insurance rates with full coverage and liability only. The rate quotes are based on no tickets, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no set rule of when to drop full coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s say your Lincoln MKZ claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after the deductible is paid. If you are paying more than $700 annually for your policy with full coverage, then you may need to consider dropping full coverage.
There are some cases where buying only liability insurance is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Smart Consumers Can Reduce Their Insurance Costs
Smart consumers have a good feel for a few of the rating criteria that are used to determine the price you pay for insurance. When you know what positively or negatively impacts premium levels, this allows you to make good choices that could help you find lower rates. Many things are used when you get your auto insurance bill. Some are obvious like an MVR report, although some other factors are more transparent such as your marital status or your commute time.
Credit rating impacts premium premiums – Your credit rating factor in calculating your insurance rates. People with very good credit scores tend to file fewer claims and have better driving records than drivers who have lower ratings. If your credit history can use some improvement, you could pay less to insure your Lincoln MKZ by taking the time to improve your credit score.
Car insurance liability limits – Liability insurance is the protection if you are determined to be liable for damages from an accident. Liability provides you with a defense in court to attempt to prove you were not liable. Liability insurance is pretty cheap compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Little extras can really add up – There are a lot of add-on coverages that can add up on your insurance policy. Coverage for things like coverage for rental cars, accidental death, and motor club memberships may be wasting your money. They may seem good when discussing your needs, but your needs may have changed so consider taking them off your policy.
Having a spouse can lower rates – Having a spouse helps lower the price on your policy. Having a spouse translates into being more mature and insurance companies reward insureds because being married results in fewer claims.
Frequent policy claims will cost you more – If you frequently file small claims, you should expect higher premiums or even policy non-renewal. Car insurance companies in California generally give cheaper rates to insureds who file claims infrequently. Auto insurance is designed for the large, substantial claims.
Never go without insurance – Having a gap between insurance policy dates is a fast way to trigger a rate increase. Not only will you pay higher rates, not being able to provide proof of insurance will get you a fine, jail time, or a revoked license. You may need to file a SR-22 with the California department of motor vehicles.
Loss statistics for a Lincoln MKZ – Car insurance companies use historical loss data to calculate a rate that will offset losses. Models that statistically have higher prevalence or dollar amount of losses will be charged more to insure.
The information below illustrates the actual insurance loss data for Lincoln MKZ vehicles. For each policy coverage, the claim amount for all vehicles, without regard to make or model, is a value of 100. Percentage values below 100 suggest a better than average loss history, while values that are above 100 show a trend for more claims or an increased probability of a larger loss.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lincoln MKZ 4dr 2WD | 137 | 85 | 107 | 95 | 89 | 75 |
| Lincoln MKZ 4dr 4WD | 140 | 82 | 126 | 99 | ||
| Lincoln MKZ Hybrid 4dr | 148 | 84 | 100 | 74 | 82 | 76 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Affordable auto insurance rates are possible
Throughout this article, we presented many tips how you can shop for Lincoln MKZ insurance online. The key thing to remember is the more providers you compare, the better your comparison will be. Consumers could even find that the lowest prices come from an unexpected company.
Drivers switch companies for any number of reasons including unfair underwriting practices, poor customer service, high rates after DUI convictions and even delays in paying claims. Regardless of your reason for switching companies, choosing a new insurance company is pretty simple and you could end up saving a buck or two.
There are still a few companies who do not provide the ability to get a quote online and usually these smaller providers sell through independent insurance agents. Affordable Lincoln MKZ insurance in Fresno is definitely available from both online companies and also from your neighborhood Fresno agents, and you need to comparison shop both to have the best selection.
Additional information is available on the following sites:
- Distracted Driving Statistics (Insurance Information Institute)
- What Car Insurance is Cheapest for a Nissan Sentra in Fresno? (FAQ)
- How Much is Fresno Auto Insurance for a Hyundai Elantra? (FAQ)
- How Much is Fresno Car Insurance for a GMC Acadia? (FAQ)
- How Much is Auto Insurance for Government Employees in Fresno? (FAQ)
- Which Company has the Cheapest Auto Insurance in Fresno, California? (FAQ)
- Cellphones, Texting and Driving (iihs.org)
- Side Impact Crash Tests (iihs.org)