Think you have an expensive auto insurance policy? Trust us when we tell you there are lots of residents who feel the same. Due to the abundance of different company options, it is hard for the average consumer to locate the most cost effective insurance company.
It is always a good idea to compare premium rates at least once a year because auto insurance prices are variable and change quite frequently. If you had the best deal for MKT insurance last year you may be paying too much now. Ignore everything you know about auto insurance because I’m going to teach you the only way to remove unneeded coverages and save money.
Locating the lowest cost auto insurance is easy if you know what you’re doing. If you have insurance now or are just looking to switch companies, you can follow these tips to shop for the lowest rates and still get good coverage. Vehicle owners just need to know the best way to get comparison rates on the web.
Reducing your 2015 Lincoln MKT insurance rates can be relatively painless. You just need to take a few minutes comparing price quotes online with multiple companies. This can easily be done using one of these methods.
It doesn’t matter which method you choose, just compare the same coverages for each quote you get. If the quotes have different limits and deductibles on each one it’s not possible to determine which company has the best rates.
Companies that sell car insurance do not list every possible discount in a way that’s easy to find, so the below list has a few of the more well known in addition to some of the lesser obvious ways to save on auto insurance. If you are not receiving all the discounts you qualify for, you are throwing money away.
We need to note that many deductions do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous. But all discounts will definitely reduce your overall bill.
Some of the larger companies who may offer most of these discounts are:
If you want cheap car insurance quotes, ask every insurance company what discounts are available to you. A few discounts may not be available everywhere. If you would like to view companies who offer auto insurance discounts, click here.
When it comes to choosing proper insurance coverage, there really is no cookie cutter policy. Everyone’s needs are different so this has to be addressed. For instance, these questions can help discover if your insurance needs will benefit from professional help.
If you’re not sure about those questions, you may need to chat with an agent. To find an agent in your area, complete this form or click here for a list of insurance coverage companies in your area. It’s fast, free and may give you better protection.
Consumers need to have an understanding of some of the things that come into play when calculating your policy premiums. If you know what positively or negatively impacts your premiums, this helps enable you to make changes that can help you get lower premium levels. Many factors are part of the calculation when you quote your car insurance policy. Some factors are common sense such as your driving history, although some other factors are more transparent such as your marital status and annual miles driven.
Listed below are some of the most common factors used by insurance companies to determine your premiums.
Consumers can’t avoid all the ads that claim the best car insurance rates by Allstate, GEICO and Progressive. They all make an identical promise that drivers can save some big amount just by moving to them.
How can each company make the same claim? It’s all in the words they use.
Insurance providers have specific guidelines for the type of insured that earns them the most money. For example, a desirable risk might have to be over the age of 35, has never had a policy lapse, and drives a safe vehicle. A customer that meets those criteria will probably get cheap rates and is almost guaranteed to save quite a bit of money when switching.
Drivers who do not match these criteria will see more expensive rates and business going elsewhere. The ads say “people who switch” not “everybody who quotes” save that much money. That’s the way insurance companies can make those claims.
Because each company has a different risk profile, you need to get as many free car insurance quotes as possible. It’s impossible to know with any certainty which company will have better car insurance rates than you’re paying now.
Knowing the specifics of your insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. Insurance terms can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages available from insurance companies.
Liability coverage – This coverage provides protection from injuries or damage you cause to other people or property. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage pays for claims such as structural damage, emergency aid, medical services and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but buy as high a limit as you can afford.
Collision – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage pays for claims such as damaging your car on a curb, backing into a parked car, hitting a parking meter, rolling your car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.
Comprehensive coverage – This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims like a tree branch falling on your vehicle, hitting a deer, theft, vandalism and a broken windshield. The most you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like funeral costs, nursing services, chiropractic care, X-ray expenses and dental work. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.
Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Normally the UM/UIM limits are set the same as your liablity limits.
Low-cost 2015 Lincoln MKT insurance is possible on the web and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who do not provide price quotes online and most of the time these regional carriers work with local independent agents.
We just showed you many ways to lower your 2015 Lincoln MKT insurance prices. The most important thing to understand is the more you quote car insurance, the better your chances of lowering your rates. Consumers may even find the lowest prices are with some of the smallest insurance companies. These companies can often provide lower rates in certain areas than their larger competitors like State Farm or Progressive.