Searching for lower insurance coverage rates for your Lincoln MKC? Are you regretting buying an overpriced insurance coverage policy? Trust us, you’re not alone. Due to the large number of choices, it is hard for the average consumer to find a more affordable insurance coverage provider.
Insurance can cost an arm and a leg, but discounts can save money and there are some available to help offset the cost. Certain reductions will be credited at quote time, but some may not be applied and must be asked about prior to receiving the credit.
Drivers should understand that most discount credits are not given to the entire cost. A few only apply to specific coverage prices like comprehensive or collision. If you do the math and it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.
If you would like to view insurers that provide some of the discounts listed above, click here.
Many things are used in the calculation when premium rates are determined. Some are pretty understandable such as your driving history, but others are more transparent like where you live or your vehicle rating.
The list below includes some of the most common factors car insurance companies consider when setting your premiums.
When buying proper insurance coverage, there really is not a best way to insure your cars. Each situation is unique so this has to be addressed. For instance, these questions can help discover whether you will benefit from professional help.
If you don’t know the answers to these questions but a few of them apply, then you may want to think about 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. It’s fast, free and can provide invaluable advice.
Consumers can’t escape the ads that promise big savings for switching from the likes of Progressive, Allstate and GEICO. All the companies tend to make the same promise that drivers will save a bundle after switching your auto insurance coverage to their company.
How can each company lower your rates? This is how they do it.
Different companies look for specific characteristics for a prospective insured that makes them money. For instance, this type of driver could be between 30 and 50, has few claims, and drives less than 5,000 miles a year. Any new insured who fits those characteristics receive the lowest rate quotes and most likely will save when they switch companies.
Drivers who don’t qualify for this ideal profile will probably have to pay more expensive rates with the end result being the customer buying from a different company. If you listen to the ad wording, they say “drivers who switch” but not “all drivers who get quotes” save that kind of money. That is how insurance companies can make it sound like they have such great premium rates. This really emphasizes why you really need to compare rate quotes every year. It is impossible to predict which insurance companies will have the best car insurance rates for your profile.
Understanding the coverages of a auto insurance policy can help you determine the best coverages for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most auto insurance policies.
Coverage for medical expenses – Coverage for medical payments and/or PIP provide coverage for bills such as prosthetic devices, doctor visits, nursing services, EMT expenses and funeral costs. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Comprehensive auto insurance – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims like theft, a tree branch falling on your vehicle and a broken windshield. The most your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Coverage for uninsured or underinsured drivers – This protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Lincoln MKC.
Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.
Coverage for liability – Liability coverage will cover injuries or damage you cause to other’s property or people that is your fault. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.
Liability coverage protects against things such as attorney fees, repair costs for stationary objects and medical expenses. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.
Collision coverages – Collision insurance covers damage to your MKC from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as driving through your garage door, hitting a parking meter, sideswiping another vehicle and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.
More affordable insurance is available online and from local agencies, so you need to shop car insurance with both to have the best selection. Some insurance companies may not offer price quotes online and most of the time these smaller providers only sell through independent insurance agencies.
In this article, we covered some good ideas how you can lower your 2016 Lincoln MKC insurance rates. The key concept to understand is the more rate comparisons you have, the better likelihood of getting affordable car insurance. You may even discover the lowest priced insurance comes from some of the lesser-known companies. Smaller companies often have lower car insurance rates on specific markets than the large multi-state companies such as State Farm or Progressive.
Even more information can be read in the articles below: