Lower Your 2008 Lincoln MKX Car Insurance Rates

Cutting costs on car insurance is always quite difficult for people who have little experience online comparison shopping. You have so many companies to choose from that it can turn into a burden to lower your prices.

This article will help you learn how to effectively get price quotes and some tricks to saving. If you are paying for car insurance now, you will most likely be able to cut costs considerably using these techniques. But drivers must learn the way insurance companies compete online and take advantage of how the system works.

Auto insurance quotes and discounts

Auto insurance is not inexpensive, but you might find some hidden discounts that could drop your premiums quite a bit. Many of these discounts will be applied automatically at the time of purchase, but once in a while a discount must be specially asked for before they will apply. If you check and find you aren’t receiving every discount possible, you are paying more than you should be.

• E-sign Discounts – Some of the larger companies will give you a small discount for buying your policy on your computer.
• First Accident Forgiveness – This one is not really a discount per se, but companies like Geico, Progressive, and Allstate will turn a blind eye to one accident without getting socked with a rate hike so long as you haven’t had any claims for a specific time period.
• Good Grades Discount – This discount could provide a savings of up to 20% or more. The discount lasts up to age 25.
• Cautious Driver Discounts – Safe drivers can pay as much as 50% less on MKX coverage compared to rates paid by drivers with frequent claims.
• Renewal Discounts – Select larger companies give a discount for buying a policy prior to the expiration date on your current policy. It can save you around 10%.
• Federal Government Employee – Federal government employees could qualify for a slight premium decrease on MKX coverage with select insurance companies.
• Low Mileage Discounts – Driving fewer miles can earn discounted prices on garaged vehicles.
• Theft Deterent System – Cars and trucks that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
• Include Life Insurance and Save – Some auto insurance companies give a break if you buy life insurance from them.
• Telematics Devices – Policyholders that allow their auto insurance company to analyze driving patterns by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if they have good driving habits.

As a sidenote, some credits don’t apply to the overall cost of the policy. Most only reduce individual premiums such as liability, collision or medical payments. So when the math indicates all those discounts means the company will pay you, that’s just not realistic.

A few of the larger companies and a summarized list of policyholder discounts are shown below.

• State Farm may offer discounts for accident-free, defensive driving training, good student, anti-theft, good driver, passive restraint, and Steer Clear safe driver discount.
• Geico may include discounts for five-year accident-free, multi-vehicle, driver training, anti-theft, and anti-lock brakes.
• Progressive offers discounts including online quote discount, continuous coverage, homeowner, good student, and multi-vehicle.
• 21st Century policyholders can earn discounts including anti-lock brakes, defensive driver, driver training, theft prevention, student driver, and 55 and older.
• American Family includes discounts for good driver, good student, accident-free, defensive driver, Steer into Savings, early bird, and multi-vehicle.
• The Hartford may have discounts that include driver training, bundle, defensive driver, air bag, and vehicle fuel type.
• AAA discounts include AAA membership discount, pay-in-full, education and occupation, anti-theft, and multi-car.

When getting free insurance quotes, it’s a good idea to every company the best way to save money. Some discounts listed above might not apply in every state.

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Situations that may require an agent’s advice

When it comes to choosing the best auto insurance coverage, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can help discover if you might need professional guidance.

• Do I have coverage for damage caused while driving under the influence?
• Does car insurance cover theft of personal property?
• How do I insure my teen driver?
• Am I missing any policy discounts?
• Is a new car covered when I drive it off the dealer lot?
• What is the minimum liability in my state?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form.

Ads can be misleading

Big name companies like 21st Century, Allstate and State Farm continually stream television and radio advertisements. All the companies tend to make the same promise about how much you will save if you get a free insurance quote and switch your insurance coverage policy to them. How does every company have lower policy pricing?

All companies quote the lowest rates for the type of customer they prefer to insure. A good example of this type of driver might have to be between the ages of 30 and 50, has never had a policy lapse, and has a short commute. A propective insured that matches those criteria is entitled to the best price and most likely will cut their rates substantially.

Insureds who fall outside the ideal profile may be required to pay more expensive rates which leads to the customer not buying. If you pay attention, the ads say “drivers that switch” not “everyone who quotes” save that much money. That’s why insurance companies can make claims like that.

This really illustrates why you should do a quote comparison often. It’s not possible to predict which company will fit you best based on your risk profile.

Insurance coverages 101

Learning about specific coverages of insurance helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Liability coverage – This provides protection from damage that occurs to a person or their property that is your fault. It protects YOU against claims from other people. Liability 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. Your policy might show liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for claims like emergency aid, medical expenses and repair costs for stationary objects. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.

Comprehensive or Other Than Collision – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, hitting a deer and fire damage. The most a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

UM/UIM Coverage – This coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your 2008 Lincoln MKX.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Normally these limits do not exceed the liability coverage limits.

Medical costs insurance – Med pay and PIP coverage provide coverage for immediate expenses such as ambulance fees, prosthetic devices and nursing services. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision – This will pay to fix damage to your MKX resulting 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 damaging your car on a curb, crashing into a building and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

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Buy Smart and Save

Insureds change insurance companies for a variety of reasons including high rates after DUI convictions, high prices, lack of trust in their agent and unfair underwriting practices. Regardless of your reason, finding a new company is not as difficult as it may seem.

When buying insurance coverage, make sure you don’t skimp on coverage in order to save money. Too many times, an insured dropped full coverage only to regret they didn’t purchase enough coverage. The ultimate goal is to find the BEST coverage for the lowest price, but don’t skip important coverages to save money.

There are still a few companies who may not provide online price quotes regional carriers sell through local independent agencies. Discount 2008 Lincoln MKX insurance can be sourced on the web as well as from insurance agents, and you should compare price quotes from both to get a complete price analysis.

Much more information about auto insurance can be found on the following sites:

• Teen Driving Statistics (iihs.org)
• Steps to Take After an Auto Accident (Insurance Information Insitute)
• Safety Belts FAQ (iihs.org)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• Five Mistakes to Avoid (Insurance Information Insitute)
• Frontal Crash Tests (iihs.org)

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