How to Save on Lincoln MKS Insurance in Charlotte

Having to pay for high-priced Lincoln MKS insurance in Charlotte can take a big chunk out of your savings account and require stricter spending habits. Doing a rate comparison can save money and help to slash your bill and have more diposable income.

Discount Lincoln MKS insuranceA recent insurance study discovered that 70% of consumers kept their policy with the same company for over three years, and roughly 40% of drivers have never taken the time to shop around. American insurance shoppers can cut their rates by approximately $859 a year just by comparing rates, but they think it’s difficult to shop around. Online insurance companies like State Farm, Allstate, GEICO and Progressive constantly blast consumers with ad campaigns and it can be hard to see past the geckos and flying pigs and do the work needed to find the best deal.

It is always a good idea to check insurance prices before your policy renews because insurance prices change quite often. If you had the best price on Lincoln MKS insurance in Charlotte a couple years back you will most likely find a better rate today. Forget all the misinformation about insurance because I’m going to let you in on the secrets to one of the easiest ways to reduce your cost while improving coverage.

Cheaper rates on Lincoln MKS insurance in Charlotte with these discounts

Auto insurance is not an enjoyable expense, but you might find some hidden discounts that you may not know about. Most are applied at the time of purchase, but some must be inquired about in order for you to get them.Cheaper auto insurance with discounts

While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the entire cost. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Even though it appears adding up those discounts means a free policy, it’s just not the way it works.

The example below compares Lincoln MKS annual premium costs with and without discounts applied to the policy premium. The costs are based on a male driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, multi-policy, marriage, and safe-driver discounts applied.

A few companies who might offer these benefits may include but are not limited to:

If you need lower rates, check with every insurance company which discounts can lower your rates. Some discounts might not be offered in Charlotte. To locate insurers that offer the discounts shown above in Charlotte, click here.

How much does Lincoln MKS insurance in Charlotte cost?

Many insurance companies such as Allstate, GEICO and Progressive make it easy to get coverage price quotes on their websites. Comparing Lincoln MKS insurance rates online is pretty easy as you simply enter your coverage preferences as requested by the quote form. After you submit the form their system obtains your credit score and driving record and gives you a price quote based on many factors. Getting online rates for Lincoln MKS insurance in Charlotte simplifies rate comparisons, and it’s very important to have as many quotes as possible if you want to find a lower rate.

To find out how much you can save on insurance, visit the companies below or click here to submit a quote request to multiple companies at once. To compare your current rates, we recommend you complete the form with the insurance coverages as shown on your current policy. Doing this guarantees you will get rate comparison quotes based on identical coverages.

The companies shown below have been selected to offer free rate quotes in Charlotte, NC. To buy cheap car insurance in NC, it’s highly recommended you compare several of them to get a more complete price comparison.

Lincoln MKS insurance statistics and information

The price information displayed next outlines a range of coverage costs for Lincoln MKS models. Having a better understanding of how rates are formulated is important for you to make smart buying decisions.

Lincoln MKS Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $218 $436 $286 $16 $86 $1,042 $87
MKS 4-Dr Sedan $218 $436 $286 $16 $86 $1,042 $87
MKS Ecoboost AWD 4-Dr Sedan $240 $494 $286 $16 $86 $1,122 $94
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Table data does not factor in specific garaging location which can change prices significantly.

Deductible comparison

A question often asked by Charlotte drivers is how high or low should comp and collision deductibles be. The premium rates below may help you to understand the rate differences when you select higher and lower physical damage coverage deductibles. The first data table uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.

Lincoln MKS insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $242 $440 $212 $12 $64 $995 $83
MKS 4-Dr Sedan $242 $440 $212 $12 $64 $995 $83
MKS Ecoboost AWD 4-Dr Sedan $266 $498 $212 $12 $64 $1,077 $90
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Lincoln MKS insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $196 $354 $212 $12 $64 $838 $70
MKS 4-Dr Sedan $196 $354 $212 $12 $64 $838 $70
MKS Ecoboost AWD 4-Dr Sedan $216 $402 $212 $12 $64 $906 $76
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium costs do not factor in specific Charlotte garaging location which can revise auto insurance rates greatly.

Based on these figures, using a $250 deductible costs roughly $13 more each month or $156 for a full year than opting for the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at least 19 months between claims, you would save more money if you choose the higher deductible.

How to determine when to raise deductibles

Average monthly premium for $250 deductibles: $85
Average monthly premium for $500 deductibles (subtract): – $72
Monthly savings from raising deductible: $13
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

Impact of citations and accidents on Charlotte insurance rates

The diagram below illustrates how violations and fender-benders increase Lincoln MKS annual premium costs for each age group. Data assumes a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

Full coverage rates compared to liability-only

The diagram below illustrates the comparison of Lincoln MKS auto insurance costs with and without full coverage. The costs are based on no violations or accidents, $250 deductibles, drivers are single, and no discounts are taken into consideration.

When to stop paying for full coverage

There is no exact formula that works best for making the decision to drop physical damage insurance, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s say your Lincoln MKS replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $2,000 after the policy deductible has been paid. If you are currently paying more than $200 annually for full coverage, then you might consider buying liability only.

There are some circumstances where only buying liability is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

Can’t I get rate quotes from local Charlotte auto insurance agents?

Certain consumers just want to talk to a local agent and doing so can bring peace of mind Agents can answer important questions and will help you if you have claims. The best thing about comparing insurance online is the fact that you can find cheap insurance quotes and still choose a local agent.

Find insurance agent in CharlotteAfter filling out this quick form, your insurance data is submitted to local insurance agents that give free quotes for your insurance coverage. You never need to do any legwork due to the fact that quote results will go to you directly. If you need to get a comparison quote for a specific company, feel free to find their quoting web page to submit a rate quote request.

Picking an provider should depend on more than just a cheap quote. These questions are important to ask:

Is an exclusive or independent car insurance agent right for you?

If you want to use local Charlotte agents, you should know the different types of agents and how they can write your policy. Charlotte agents are categorized either exclusive agents or independent agents. Either one can sell affordable insurance policies, but it’s worth learning the subtle differences since it could factor into your selection of an agent.

Exclusive Insurance Agents

These type of agents work for only one company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agents cannot give you multiple price quotes so always compare other rates. These agents are very knowledgeable on their products and sales techniques which helps them compete with independent agents.

Listed below are exclusive insurance agents in Charlotte who may provide you with price quote information.

1850 E 3rd St #360Charlotte, NC 28204(704) 376-4088View Map

8316 Medical Plaza Dr aCharlotte, NC 28262(704) 549-1515View Map

6853 Fairview Rd cCharlotte, NC 28210(704) 366-7779View Map

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Independent Insurance Agencies

Agents of this type are appointed with more than one company so they can insure your vehicles amongst many companies enabling the ability to shop coverage around. If they quote lower rates, they can switch companies in-house and the insured can keep the same agent. If you are comparing insurance prices, you will want to include rate quotes from at a minimum one independent agency for the best price selection.

Listed below is a short list of independent agencies in Charlotte who can help you get comparison quotes.

9010 Glenwater Dr #103Charlotte, NC 28262(704) 494-9495View Map

2313 Randolph RdCharlotte, NC 28207(704) 332-0011View Map

2210 Coronation Blvd Suite ACharlotte, NC 28227(704) 321-2900View Map

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The best insurance company isn’t always the cheapest

Cheaper auto insurance in Charlotte is available on the web and also from your neighborhood Charlotte agents, so you need to shop Charlotte auto insurance with both in order to have the best chance of saving money. A few companies may not offer rates over the internet and these regional carriers sell through independent agents.

As you restructure your insurance plan, make sure you don’t skimp on coverage in order to save money. In many cases, consumers will sacrifice uninsured motorist or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to get the best coverage possible for the lowest cost but still have enough coverage for asset protection.

Steps to buying lower priced Lincoln MKS insurance in Charlotte

The preferred way to get cheaper Lincoln MKS insurance in Charlotte is to do a yearly price comparison from providers who provide auto insurance in North Carolina.

First, it will benefit you to learn about how insurance works and the modifications you can make to keep rates in check. Many things that drive up the price like multiple speeding tickets and a bad credit score can be eliminated by making minor changes in your lifestyle.

Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like GEICO and State Farm, while independent agents can provide rate quotes from multiple companies. Compare rates now

Third, compare the new quotes to your current policy to see if cheaper MKS coverage is available. If you find a better price and decide to switch, verify that coverage does not lapse between policies.

Fourth, notify your company or agent of your decision to cancel your existing policy. Submit the required down payment along with the signed application to your new insurance company. Make sure you safely store the proof of insurance certificate in your glove compartment.

One tip to remember is to compare the same liability limits and deductibles on every quote request and and to get quotes from as many different companies as possible. This provides an apples-to-apples comparison and the best rate selection.

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