Want better auto insurance rates for your Lincoln MKX? Being forced to pay for pricey auto insurance premiums can stress out your family’s budget and maybe even restrict other spending. Doing a price comparison can be a smart way to reduce premiums and put more money in your pocket.
Companies like Progressive, GEICO and Farmers Insurance increase brand awareness with ads and consumers find it hard to ignore the promise of big savings and do the work needed to find the best deal.
Companies do not list the entire discount list in an easy-to-find place, so the list below details both the well known and also the lesser-known credits that may apply to you.
As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Most cut the price of certain insurance coverages like comprehensive or collision. Despite the appearance that having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.
If you would like to view providers who offer free auto insurance quotes, click here.
When choosing the best insurance coverage for your personal vehicles, there really is no cookie cutter policy. Every insured’s situation is different so your insurance should reflect that For example, these questions might help in determining if your situation would benefit from an agent’s advice.
If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance companies in your area.
Having a good grasp of your policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and coverage can change by endorsement. Below you’ll find the usual coverages available from insurance companies.
Collision coverage – This pays for damage to your MKX from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like crashing into a building, driving through your garage door, backing into a parked car, rolling your car and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to save money on collision insurance.
Comprehensive auto coverage – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things like hitting a deer, theft, a broken windshield and damage from flooding. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.
Liability coverage – This protects you from damage that occurs to a person or their property in an accident. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.
Liability can pay for things such as repair costs for stationary objects, court costs, attorney fees, pain and suffering and medical services. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.
Medical payments and PIP coverage – Coverage for medical payments and/or PIP reimburse you for bills such as surgery, EMT expenses, X-ray expenses and hospital visits. They are often used to fill the gap from your health insurance program or if you do not have health coverage. It covers you and your occupants in addition to getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage
You just learned a lot of ways to lower your 2014 Lincoln MKX insurance auto insurance rates. The key thing to remember is the more times you quote, the higher the chance of saving money. Consumers could even find that the most savings is with some of the smallest insurance companies. They may cover specific market segments cheaper compared to the large companies like Allstate or State Farm.
When shopping online for car insurance, don’t be tempted to buy poor coverage just to save money. There are a lot of situations where someone dropped physical damage coverage only to regret that they should have had better coverage. Your objective should be to buy enough coverage at the lowest possible cost, not the least amount of coverage.
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