If your goal is the lowest price, then the best way to get the cheapest Lincoln MKS insurance is to start comparing prices yearly from insurance carriers who provide auto insurance in Irvine.
- Get a basic knowledge of how auto insurance works and the things you can control to prevent expensive coverage. Many rating criteria that cause high rates such as traffic violations and an imperfect credit rating can be amended by being financially responsible and driving safely.
- Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO and Allstate, while agents who are independent can provide price quotes from multiple companies. Click to view companies
- Compare the new rate quotes to the price on your current policy to determine if you can save on MKS insurance. If you find better rates, make sure coverage does not lapse between policies.
- Notify your agent or company of your intention to cancel your current car insurance policy and submit a down payment along with a signed application to the new insurer. As soon as you can, keep the new proof of insurance paperwork along with your vehicle registration.
A tip to remember is to make sure you enter the same amount of coverage on every price quote and and to get price quotes from as many different insurance providers as possible. This enables a fair rate comparison and many rates to choose from.
It’s hard to believe, but over 70% of consumers renewed their policy with the same company for four years or more, and practically 40% of insurance customers have never compared rate quotes at all. Drivers in Irvine could save about 35% each year just by getting comparison quotes, but most tend to underestimate the rate savings if they changed companies.
Buying the best policy in Irvine is simple if you know the tricks. Virtually every car owner who compares rates for auto insurance most likely will be able to find better rates. Although California drivers can benefit from knowing the way companies calculate their prices and use it to find better rates.
To find the best insurance quotes, there are several ways to compare rate quotes from all the different companies. By far the easiest way to find affordable Lincoln MKS insurance rates is to get quotes online.
Online shopping is fast and free, and it replaces the need to call or drive to insurance agents’ offices. Comparing Lincoln MKS insurance rates online has reduced the need for local agents unless you require the professional guidance of a local agency. It is possible with some companies find lower rates online but purchase the actual policy in an agency. It’s important to know that comparing more quotes provides better odds of finding a lower rate. Not every company allows you to get rate quotes online, so it’s important to also get price quotes from them as well.
The car insurance companies shown below are our best choices to provide comparison quotes in California. To locate cheaper car insurance in Irvine, we recommend you visit several of them to get the cheapest price.
Rates and information analytics
The data table displayed below outlines detailed analysis of insurance policy prices for Lincoln MKS models. Learning how insurance quotes are calculated can benefit drivers when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $228 | $506 | $424 | $26 | $128 | $1,312 | $109 |
| MKS 4-Dr Sedan | $228 | $506 | $424 | $26 | $128 | $1,312 | $109 |
| MKS Ecoboost AWD 4-Dr Sedan | $252 | $572 | $424 | $26 | $128 | $1,402 | $117 |
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Table data does not factor in specific zip code location which can change premiums noticeably.
Where to set your deductibles
One frequently asked question is how high should the physical damage coverage deductibles be. The comparison tables below summarize the rate differences of buying low and high comp and collision deductibles. The first rate quote example uses a $100 deductible for physical damage and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $478 | $932 | $376 | $22 | $112 | $1,945 | $162 |
| MKS 4-Dr Sedan | $478 | $932 | $376 | $22 | $112 | $1,945 | $162 |
| MKS Ecoboost AWD 4-Dr Sedan | $528 | $1054 | $376 | $22 | $112 | $2,117 | $176 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $266 | $490 | $376 | $22 | $112 | $1,266 | $106 |
| MKS 4-Dr Sedan | $266 | $490 | $376 | $22 | $112 | $1,266 | $106 |
| MKS Ecoboost AWD 4-Dr Sedan | $292 | $556 | $376 | $22 | $112 | $1,358 | $113 |
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price information does not factor in vehicle garaging location which can modify rates significantly.
We can derive from the above data that using a $100 deductible will cost you approximately $59 more each month or $708 every year averaged for all MKS models than choosing the higher $1,000 deductible. Because you would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 15 months between claim filings, you would most likely save money by going with a higher deductible.
Age, gender, and Lincoln MKS insurance
The information below illustrates the comparison of Lincoln MKS car insurance rates for male and female drivers. The premiums assume a clean driving record, no claims, full coverage, $500 deductibles, marital status is single, and no discounts are applied to the premium.
Full coverage versus liability-only in Irvine
The chart below shows the comparison of Lincoln MKS auto insurance rates with full physical damage coverage and with liability coverage only. The costs are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are taken into consideration.
Guidelines for dropping full coverage
There is no definitive formula to eliminate physical damage coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s assume your Lincoln MKS book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $2,000 after you pay the deductible. If you are paying more than $200 a year to have full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where buying only liability insurance is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
How You Can Control Lincoln MKS Insurance Costs
Smart consumers have a good feel for some of the elements that help calculate your policy premiums. If you have some idea of what impacts premium levels, this allows you to make educated decisions that can help you get lower rates. Many things are part of the calculation when quoting car insurance. Most are fairly basic such as traffic violations, although some other factors are more obscure like where you live or how financially stable you are.
Shown below are just a few of the factors used by companies to determine your rates.
Where you call home factors in – Living in smaller towns and rural areas of the country is a positive aspect when buying car insurance. Less people translates into fewer accident claims and also fewer theft and vandalism claims. Drivers who live in large California cities have to deal with more road rage incidents and much longer commute distances. More time on the road means a statistically higher chance of an accident.
Performance makes a difference – The type of vehicle you need insurance for makes a significant difference in how high your rates are. Economy passenger vehicles usually are quite affordable to insure, but the cost you end up paying is determined by many additional factors.
The data below assumes a single female driver age 30, full coverage with $500 deductibles, and no discounts or violations. It compares Lincoln MKS insurance rates compared to other vehicles that have a range of performance rating factors.
Low mileage costs less – The more miles you rack up on your Lincoln annually the more it will cost to insure it. A lot of companies calculate rates based on their usage. Cars and trucks not used for work or commuting cost less to insure than those that get driven frequently. Make sure your policy properly reflects the correct driver usage, because it can save money. Having an incorrect usage rating on your MKS may be wasting your money.
Safer occupants lowers premiums – Cars with five star safety ratings cost less to insure. Vehicles engineered for safety have better occupant injury protection and reduced instances of injuries translates into fewer and smaller insurance claims and cheaper rates on your policy.
Deter car thieves – Driving a car with anti-theft technology or alarm system can get you a discount on your car insurance. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your car from being stolen.
Never allow your coverage to lapse – Driving with no insurance can get you a ticket and you will pay a penalty because you let your coverage cancel without a new policy in place. And not only will your rates increase, failure to provide proof of insurance may result in a hefty fine and possibly a revoked license.
Insurance loss statistics a Lincoln MKS – Insurance companies analyze historical claim data to help calculate a profitable premium rate. Models that have a trend towards higher claim severity or frequency will have higher premium rates.
The table shown below demonstrates the historical loss data for Lincoln MKS vehicles. For each coverage type, the claim probability for all vehicles combined as an average is equal to 100. Numbers under 100 indicate better than average losses, while values that are above 100 indicate a higher chance of having a claim or an increased chance of larger losses than average.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lincoln MKS 4dr 2WD | 121 | 90 | 140 | 78 | 103 | |
| Lincoln MKS 4dr 4WD | 135 | 89 | 204 | 89 | ||
| Lincoln MKS Ecoboost 4dr 4WD | 139 | 93 | 153 | 87 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Buying the right vehicle insurance in California is an important decision
Despite the potentially high cost of Lincoln MKS insurance, insuring your vehicle may be mandatory for several reasons.
- Almost all states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability insurance in order to get the vehicle licensed. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your vehicle, it’s most likely the lender will make it a condition of the loan that you buy full coverage to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the bank may buy a policy for your Lincoln for a much higher rate and force you to reimburse them much more than you were paying before.
- Insurance safeguards your car and your assets. Insurance will also pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage also covers legal expenses if you are sued as the result of an accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of insuring your MKS more than offset the price you pay, especially if you ever need it. But the average driver in California is overpaying over $820 a year so shop around at least once a year to ensure rates are inline.