Lincoln MKT Insurance Quotes in San Francisco

Discount Lincoln MKT insuranceIt’s a known fact that auto insurance companies don’t want their policyholders to compare prices. Insureds who get comparison quotes once a year are highly likely to switch auto insurance companies because there is a high probability of finding a lower-cost company. A recent survey found that consumers who make a habit of shopping around saved approximately $850 each year compared to those who never shopped around for better prices.

If finding discount rates on insurance in San Francisco is your objective, knowing how to quote and compare insurance premiums can help make the process easier.

Truthfully, the best way to find discount auto insurance rates is to regularly compare price quotes from companies that insure vehicles in San Francisco.

Step 1: Try to learn a little about how companies set rates and the modifications you can make to prevent expensive coverage. Many things that cause rate increases like speeding tickets, careless driving and a lousy credit rating can be remedied by paying attention to minor details. This article gives information to lower rates and earn larger discounts.

Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like Progressive or Allstate, while agents who are independent can provide price quotes from many different companies.

Step 3: Compare the new quotes to your current policy premium and see if you can save money. If you find a lower rate quote, make sure coverage does not lapse between policies.

One key aspect of rate comparisons is that you use the same liability limits and deductibles on every quote and and to get price quotes from as many auto insurance providers as possible. Doing this provides a fair price comparison and a good representation of prices.

Shop Lincoln MKT insurance online

Many insurance companies such as Progressive, GEICO, Allstate and State Farm make it easy to get coverage prices on their websites. Getting quotes for Lincoln MKT insurance in San Francisco is pretty painless as all you need to do is type in the coverage amounts you desire into the form. Behind the scenes, their quoting system will obtain reports for credit and driving violations and gives you a price quote.

Quoting online for Lincoln MKT insurance in San Francisco makes comparing rates easy, and it’s absolutely necessary to compare as many rates as possible if you are searching for cheap rates.

If you want to compare rates using this form now, visit the companies below or click here to submit a quote request to multiple companies at once. If you have your current policy handy, we recommend you copy coverages and limits exactly as they are listed on your policy. Using the same limits helps guarantee you will have a fair comparison for similar insurance coverage.

The auto insurance companies shown below provide comparison quotes in California. If the list has multiple companies, we suggest you visit two to three different companies to get the cheapest price.

Rates and other information

The coverage information shown next showcases a range of insurance prices for Lincoln MKT models. Learning a little about how auto insurance policy rates are established is important for drivers to make decisions on which coverage to buy.

Lincoln MKT Insurance Rates in San Francisco, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $294 $524 $674 $40 $202 $1,734 $145
MKT 3.7 AWD $324 $604 $674 $40 $202 $1,844 $154
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Prices do not factor in specific zip code location which can modify coverage rates substantially.

Deductible analysis

The hardest decision when buying coverage is how high should your deductibles be. The comparison tables below outline the rate differences between high and low coverage deductibles. The first set of rates uses a $100 deductible and the second price chart uses a $500 deductible.

Lincoln MKT insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $478 $810 $500 $30 $150 $1,993 $166
MKT 3.7 AWD $528 $932 $500 $30 $150 $2,165 $180
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Lincoln MKT insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $348 $546 $500 $30 $150 $1,574 $131
MKT 3.7 AWD $384 $630 $500 $30 $150 $1,694 $141
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Estimates do not factor in garaging location in San Francisco which can revise prices substantially.

Based on the data above, we can derive that using a $100 deductible could cost the average driver approximately $37 more each month or $444 each year averaged for all MKT models than requesting the higher $500 deductible. Because you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have more than 11 months between claim filings, you would come out ahead going with the higher deductible.

Insurance premiums based on gender

The information below visualizes the comparison of Lincoln MKT insurance costs for male and female drivers. The premium estimates are based on no accidents, no driving violations, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are applied.

Full coverage rates compared to liability-only

The example below compares Lincoln MKT insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no claims or driving violations, $250 deductibles, single marital status, and no discounts are taken into consideration.

Guidelines for dropping full coverage

There is no exact formula that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s assume your Lincoln MKT replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after paying your policy deductible. If you are currently paying more than $200 annually for comprehensive and collision coverage, then it might be time to buy liability only.

There are some scenarios where eliminating full coverage is not financially feasible. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Why Smart Consumers Pay Less for Lincoln MKT Insurance

Many things are considered when pricing auto insurance. Some are obvious such as your driving record, but other factors are not as apparent like your vehicle usage or your vehicle rating. A large part of saving on insurance is knowing the different types of things that help determine the level of your policy premiums. If you understand what impacts premium levels, this allows you to make good choices that may reward you with much lower annual insurance costs.

Liability insurance safeguards assets – Your policy’s liability coverage is the protection if ever a jury decides you are liable for damages caused by your negligence. Your liability coverage provides legal defense starting from day one. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.

Premiums are affected by your credit score – Credit rating will be a significant factor in your rate calculation. Therefore, if your credit rating could use some work, you could save money insuring your Lincoln MKT by taking the time to improve your credit score. Drivers with good credit tend to file fewer claims than those with poor credit.

Reduce premiums by driving safer vehicles – Vehicles with high crash test scores are cheaper to insure. Vehicles engineered for safety reduce the chance of injuries and reduced instances of injuries translates directly to fewer claims passed on to you as lower rates. If your Lincoln MKT has at least four stars on you may pay a lower rate.

Where you live can influence costs – Living in small towns and rural areas can save you money when trying to find low car insurance rates. City drivers have congested traffic and higher rates of accident claims. Less people living in that area means less chance of accidents in addition to lower liability claims.

Traffic violations can increase prices – Drivers with clean records pay lower auto insurance prices than people who have multiple driving citations. Even a single driving citation could increase your next policy renewal by as much as twenty percent. People who have dangerous violations such as reckless driving, hit and run or driving under the influence may be required to submit a SR-22 form with their state DMV in order to continue driving.

The illustration below demonstrates how speeding tickets and at-fault fender-benders can influence Lincoln MKT yearly insurance costs for each different age category. The rate quotes are based on a married male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Increase coverage deductibles to save – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your Lincoln. Examples of some claims that would be covered would be collision with another vehicle, flood damage, and damage from a fallen tree branch. The deductibles you choose represent how much money the insured will be required to pay in the event of a claim. The more expense the insured has to pay upfront, the lower your rates will be.

Lincoln MKT claim statistics – Car insurance companies analyze claim trends for every vehicle to help determine the rate you pay. Models that the statistics show to have increased claim numbers or amounts will cost more for coverage. The table below shows the compiled insurance loss statistics for Lincoln MKT vehicles.

For each type of coverage, the statistical loss for all vehicles, as a total average, equals 100. Percentage values below 100 represent a good loss history, while percentage numbers above 100 indicate more frequent losses or tendency to have higher losses.

Car Insurance Loss Data for Lincoln MKT Models
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Lincoln MKT 4dr 2WD 128 133
Lincoln MKT 4dr 4WD 118 85 138 85

Empty fields indicate not enough data collected
Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Why you need car insurance

Even though it can be expensive, insuring your vehicle serves several important purposes.

The benefits of having insurance more than cancel out the cost, especially with large liability claims. An average driver in America is wasting up to $855 a year so compare quotes from several companies at every policy renewal to ensure rates are inline.