Do you want to learn to get lower-priced Lincoln MKS insurance in Greensboro? Finding better insurance prices for a Lincoln MKS in North Carolina can turn out to be a lot of work, but you can follow these tips to find lower rates. There is a right way and a wrong way to shop for auto insurance and we’ll show you the best way to get price quotes for a Lincoln and get the best price possible.
If you are already insured or just want to save money, take advantage of these tips to buy cheaper insurance while maximizing coverage. Buying more affordable coverage in Greensboro is not as confusing as people think. Vehicle owners just have to use the least time-consuming way to compare insurance rates online.
Affordable rates by earning discounts
Car insurance can be pricey, but you might find some hidden discounts to help bring down the price. A few discounts will be applied when you quote, but a few need to be specially asked for before they will apply.
- Professional Organizations – Being a member of qualifying employment or professional organizations could earn you a nice discount when shopping for car insurance.
- Drivers Education – Cut your cost by having your teen driver participate in a local driver’s education class if offered at their school.
- Defensive Driver Discounts – Taking a course that instructs on driving safety could earn you a small percentage discount and make you a better driver.
- Use Seat Belts – Forcing all vehicle occupants to use a seat belt can save 10% or more on medical payment and PIP coverage.
- Low Mileage Discounts – Driving fewer miles may enable drivers to earn slightly better premium rates than normal.
- Discount for Multiple Policies – When you have multiple policies with one insurance company you could earn a discount of as much as 10 to 15 percent.
- Senior Discount – Seniors are able to get reduced rates.
- Safe Driver Discounts – Insureds without accidents may receive a discount up to 45% compared to rates paid by drivers with frequent claims.
It’s important to note that some credits don’t apply to all coverage premiums. The majority will only reduce individual premiums such as comprehensive or collision. So when the math indicates you can get free auto insurance, it’s just not the way it works.
The chart below illustrates the difference between Lincoln MKS insurance costs with and without discounts. The data is based on a female driver, a clean driving record, no claims, North Carolina state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, safe-driver, marriage, claim-free, and homeowner discounts applied.
Companies and some of the premium reductions they offer are outlined below.
- State Farm discounts include multiple policy, passive restraint, driver’s education, anti-theft, Drive Safe & Save, Steer Clear safe driver discount, and good student.
- GEICO has savings for good student, seat belt use, anti-theft, multi-vehicle, and anti-lock brakes.
- Liberty Mutual may include discounts for new move discount, newly married, exclusive group savings, new graduate, multi-car, teen driver discount, and preferred payment discount.
- The Hartford policyholders can earn discounts including driver training, vehicle fuel type, good student, bundle, defensive driver, and air bag.
- MetLife includes discounts for accident-free, defensive driver, claim-free, good driver, and good student.
- Progressive offers premium reductions for homeowner, online signing, continuous coverage, multi-vehicle, and multi-policy.
Double check with each company or agent which credits you are entitled to. Some of the earlier mentioned discounts might not be offered in Greensboro. To choose insurance companies with significant discounts in North Carolina, click here.
The quickest method to compare rate quotes for Lincoln MKS insurance in Greensboro is to know the fact most of the bigger providers actually pay money for the chance to give free rates quotes. To get started, all you need to do is provide information such as if you have a valid license, how you use your vehicles, the year, make and model of vehicles, and distance driven. That information is submitted instantly to many highly-rated insurers and you receive quotes instantly to find the best rate.
If you would like to compare rates now, click here and find out if lower rates are available in Greensboro.
The companies shown below have been selected to offer free quotes in North Carolina. If multiple companies are listed, we suggest you visit as many as you can in order to find the most competitive rates.
Insurance coverage analysis
The rate information displayed below showcases estimates of coverage prices for Lincoln MKS models. Being able to understand how premiums are formulated can help you make decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $178 | $326 | $218 | $12 | $66 | $800 | $67 |
| MKS 4-Dr Sedan | $178 | $326 | $218 | $12 | $66 | $800 | $67 |
| MKS Ecoboost AWD 4-Dr Sedan | $198 | $370 | $218 | $12 | $66 | $864 | $72 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rates do not factor in zip code location which can lower or raise rates significantly.
Where to set your deductibles
When comparing car insurance rates, the most common question is how high should the physical damage coverage deductibles be. The following insurance rates may aid in understanding the costs and benefits between low and high physical damage coverage deductibles. The first rate estimation uses a $100 comprehensive and collision deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $270 | $524 | $212 | $12 | $64 | $1,107 | $92 |
| MKS 4-Dr Sedan | $270 | $524 | $212 | $12 | $64 | $1,107 | $92 |
| MKS Ecoboost AWD 4-Dr Sedan | $298 | $594 | $212 | $12 | $64 | $1,205 | $100 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $150 | $276 | $212 | $12 | $64 | $714 | $60 |
| MKS 4-Dr Sedan | $150 | $276 | $212 | $12 | $64 | $714 | $60 |
| MKS Ecoboost AWD 4-Dr Sedan | $164 | $314 | $212 | $12 | $64 | $766 | $64 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in Greensboro location which can modify price quotes significantly.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs approximately $34 more each month or $408 a year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 26 months between claim filings, you would probably be better off if you decide on a higher deductible.
How to determine when to raise your deductibles
| Average monthly premium for $100 deductibles: | $95 |
| Average monthly premium for $1,000 deductibles (subtract): | – $61 |
| Monthly savings from raising deductible: | $34 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $34 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 26 months |
One thing to be aware of is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense when you have a comprehensive or collision claim. You should have some available funds in the event you need to pay the deductible to have repairs made.
Lincoln MKS insurance rates: Men versus women
The illustration below illustrates the difference between Lincoln MKS auto insurance rates for male and female drivers. The costs are based on no accidents, no driving violations, comp and collision included, $100 deductibles, single marital status, and no additional discounts are factored in.
Full coverage versus liability only rates
The illustration below shows the difference between Lincoln MKS insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no violations or claims, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
When to buy liability coverage only
There is no written rule to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your Lincoln MKS book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after you pay the deductible. If you are currently paying more than $300 a year for full coverage, then it might be time to consider dropping full coverage.
There are a few situations where only buying liability is not a good plan. If you still owe money on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.
Your insurance coverage should be tailored to you
Always remember that when buying the right insurance coverage for your personal vehicles, there is no one-size-fits-all type of policy. Each situation is unique.
For example, these questions might help in determining whether or not you would benefit from an agent’s advice.
- Am I covered when driving a rental car?
- Does my policy cover my teen driver if they drive my company car?
- What policy terms are available?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Should I sign the liability waiver when renting a car?
- Does my personal policy cover me when driving out-of-state?
- Do I need replacement cost coverage?
- Is a new car covered when I drive it off the dealer lot?
If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It is quick, free and you can get the answers you need.
Buying from auto insurance agents
Some people still prefer to talk to a local agent and doing so can bring peace of mind Licensed agents can help you choose the best coverages and help in the event of a claim. One of the great benefits of comparing insurance online is that drivers can save money and get the best rates and also buy local.
After completing this short form, your insurance data gets sent to companies in Greensboro who will give you bids for your coverage. You never need to search for an agent because prices are sent to your email. In the event you want to get a comparison quote from a specific insurance company, don’t hesitate to visit that company’s website and fill out their quote form.
Finding a good company requires more thought than just a cheap quote. Any agent in Greensboro should be forthright in answering these questions:
- If your car is in the repair shop, do you have coverage for a rental car?
- Are they actively involved in the community?
- Is every driver in your family covered?
- Which insurance companies are they affiliated with?
- Are they involved in claim handling?
- Are claims handled at the agent’s location?
- In the event of vehicle damage, can you pick the collision repair facility?
Listed below are Greensboro car insurance companies willing to provide price quotes for Lincoln MKS insurance in Greensboro.
- Godwin Insurance Agency
905 Battleground Ave – Greensboro, NC 27408 – (336) 379-8640 – View Map - ALLCHOICE Insurance
7 Corporate Center Ct – Greensboro, NC 27408 – (336) 540-0463 – View Map - Allstate Insurance: John L. Palmer
445 Dolley Madison Rd a – Greensboro, NC 27410 – (336) 852-8800 – View Map - Allstate Insurance: Brad Williams
4125 Walker Ave C – Greensboro, NC 27407 – (336) 852-2627 – View Map
Don’t give up on cheaper rates
We just showed you a lot of information how to shop for Lincoln MKS insurance online. The most important thing to understand is the more companies you get rates for, the better likelihood of getting the cheapest Lincoln MKS rate quotes. You may even discover the best prices are with an unexpected company.
Cost effective Lincoln MKS insurance can be bought on the web and from local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance providers do not offer the ability to get quotes online and these regional insurance providers only sell coverage through independent agents.
As you prepare to switch companies, do not buy less coverage just to save a little money. There are too many instances where an insured cut uninsured motorist or liability limits only to discover later they didn’t have enough coverage. Your goal should be to purchase a proper amount of coverage at the best cost, but do not skimp to save money.
Steps to finding affordable Lincoln MKS insurance in Greensboro
Truthfully, the best way to get affordable Lincoln MKS insurance is to make a habit of comparing prices annually from companies in Greensboro.
- First, spend a few minutes and learn about what coverages are included in your policy and the modifications you can make to keep rates low. Many policy risk factors that result in higher rates like at-fault accidents and poor credit rating can be remedied by making minor changes in your lifestyle.
- Second, obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or State Farm, while independent agencies can quote rates from many different companies.
- Third, compare the price quotes to the price on your current policy and see if there is a cheaper rate. If you find a lower rate quote, ensure coverage does not lapse between policies.
A tip to remember is to make sure you’re comparing identical limits and deductibles on each quote request and and to analyze as many auto insurance providers as possible. Doing this guarantees the most accurate price comparison and the most accurate and complete price analysis.
Additional detailed information is available in these articles:
- Collision Insurance Coverage (Nationwide)
- Who Has the Cheapest Car Insurance Rates with Multiple Speeding Tickets in Greensboro? (FAQ)
- How Much are Auto Insurance Quotes for a Nissan Sentra in Greensboro? (FAQ)
- Who Has the Cheapest Greensboro Car Insurance for 16 Year Olds? (FAQ)
- Who Has the Cheapest Greensboro Car Insurance Rates for College Graduates? (FAQ)
- Who Has Cheap Greensboro Car Insurance Rates for Business Use? (FAQ)
- Who Has Cheap Auto Insurance for Drivers with Good Credit in Greensboro? (FAQ)
- Who Has the Cheapest Greensboro Auto Insurance Quotes for Active Military? (FAQ)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Airbag FAQ (iihs.org)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)