Car Insurance Quotes for a Lincoln MKT in Charlotte

The most effective way to get cheaper Lincoln MKT insurance in Charlotte is to make a habit of regularly comparing prices from companies in North Carolina.

  1. Take a few minutes and learn about the different coverages in a policy and the measures you can take to prevent rate increases. Many rating criteria that cause rate increases like distracted driving and a low credit rating can be rectified by being financially responsible and driving safely.
  2. Request price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from a single company like GEICO and State Farm, while independent agents can provide prices for a wide range of companies.
  3. Compare the new rate quotes to your existing rates and determine if cheaper MKT coverage is available in Charlotte. If you find better rates and make a switch, make sure coverage is continuous and does not lapse.
  4. Provide notification to your current company to cancel your current coverage and submit the application along with any required down payment for your new coverage. Don’t forget to put the new certificate of insurance with your registration paperwork.

An essential thing to point out is to use identical limits and deductibles on every quote request and and to get rate quotes from every insurance company. Doing this provides an apples-to-apples comparison and a good representation of prices.

Discount Lincoln MKT insuranceIt’s hard to believe, but most car insurance customers kept their policy with the same company for well over three years, and nearly the majority have never compared rates with other companies. Charlotte drivers can save as much as $90 each year, but they just assume it takes a lot of time to compare rates and save money.

If you currently have car insurance, you stand a good chance to be able to shop for the lowest rates using this information. These techniques will let you in on how auto insurance companies operate and also pocket some savings Although North Carolina car owners can benefit from knowing how big insurance companies determine prices because it varies considerably.

Components of Your Lincoln MKT Insurance Costs

A large part of saving on insurance is knowing some of the elements that go into determining insurance rates. When consumers understand what influences your rates, this allows you to make educated decisions that may reward you with big savings.

When comparing insurance rates, know that comparing more rates from different companies increases your odds of finding the best rates.

The car insurance companies shown below have been selected to offer price comparisons in Charlotte, NC. To find the best cheap car insurance in Charlotte, NC, we recommend you click on several of them to get the lowest price.

Lincoln MKT insurance coverage information

The rate information below highlights estimates of insurance policy prices for Lincoln MKT models. Having a good grasp of how insurance quotes are established can be useful when making smart choices when buying a car insurance policy.

Lincoln MKT Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $150 $240 $282 $16 $84 $772 $64
MKT 3.7 AWD $164 $276 $282 $16 $84 $822 $69
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Price estimates do not factor in your specific Charlotte location which can affect premium rates greatly.

Physical damage deductibles: Should you raise them?

A question often asked by Charlotte drivers is how low should you set your deductibles. The tables below may help to conceptualize how much more you’ll pay of buying low and high deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.

Lincoln MKT insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $270 $456 $282 $16 $84 $1,133 $94
MKT 3.7 AWD $298 $524 $282 $16 $84 $1,229 $102
Get Your Own Custom Quote Go

Lincoln MKT insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $196 $308 $282 $16 $84 $886 $74
MKT 3.7 AWD $216 $354 $282 $16 $84 $952 $79
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 multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Premium amounts do not factor in specific garaging location which can lower or raise premium rates considerably.

Using the data above, we can ascertain that using a $100 deductible costs about $21 more each month or $252 every year across all Lincoln MKT models than buying the higher $500 deductible. Due to the fact that you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at least 19 months between claims, you would save more money if you opt for a higher deductible.

The example below demonstrates how choosing different deductibles and can affect Lincoln MKT insurance rates for different age categories. The prices are based on a married female driver, comprehensive and collision coverage, and no discounts are applied.

Cost of full coverage

The chart below compares Lincoln MKT insurance costs with liability coverage only compared to full coverage. The premium estimates are based on no claims or violations, $100 deductibles, single marital status, and no discounts are taken into consideration.

Are you wasting money on full coverage?

There is no exact rule for phasing out comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s assume your Lincoln MKT claim settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $4,000 after paying the physical damage deductible. If premium cost is more than $400 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

There are some situations where removing full coverage is not a good plan. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

Car insurance is not optional but you don’t have to overpay

Despite the high cost of buying insurance for a Lincoln MKT in Charlotte, buying car insurance may be required and benefits you in several ways.

The benefits of carrying adequate insurance more than cancel out the cost, particularly when you have a large claim. The average driver in America is overpaying over $825 a year so you should quote and compare rates at every policy renewal to be sure current rates are still competitive.

You may qualify for discounts for Lincoln MKT insurance in Charlotte

Some insurance providers do not list every policy discount in a way that’s easy to find, so here is a list a few of the more well known and the harder-to-find credits that may apply to you. If you check and find you aren’t receiving every discount you qualify for, you could be getting lower rates.Cheaper insurance with discounts

As is typical with insurance, many deductions do not apply to the entire cost. Most only apply to specific coverage prices like liability, collision or medical payments. Just because it seems like you would end up receiving a 100% discount, you’re out of luck.

The chart below compares Lincoln MKT insurance costs with and without discounts. The premium estimates are based on a female driver, no claims or driving violations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, claim-free, safe-driver, homeowner, and multi-policy discounts applied.

If you would like to see a list of companies offering insurance discounts in North Carolina, click this link.

When should I contact an agent?

Many drivers still prefer to talk to an insurance agent and that is just fine! One of the benefits of comparing rate quotes online is that drivers can save money and get lower auto insurance rates and still buy from a local agent. And providing support for local insurance agents is definitely important in Charlotte.

To help locate an agent, after submitting this short form, your information is immediately sent to participating agents in Charlotte who want to provide quotes for your coverage. It’s much easier because you don’t need to search for an agent since price quotes are sent straight to your inbox. You can find better rates and an insurance agent to talk to. In the event you want to compare rates for a specific company, feel free to go to their quote page and fill out their quote form.

Types of car insurance agents in Charlotte

When researching a local Charlotte insurance agency, there are two types of insurance agents and how they differ in how they can insure your vehicles. Agencies in Charlotte can be described as either independent or exclusive depending on the company they work for.

Independent Agencies or Brokers

Independent insurance agents are not employed by one company so they can quote policies with many different companies and find the cheapest rate. If you want to switch companies, your agent can switch companies which makes it simple for you.

When comparing rate quotes, you should always get insurance quotes from independent agents to have the most options to choose from. They often place coverage with different regional companies which can be an advantage.

Shown below is a list of independent agents in Charlotte who can help you get free car insurance rate quotes.

View more agents

Exclusive Insurance Agencies

Agents of this type are contracted to one company such as Allstate and State Farm. Exclusive agents are unable to provide rate quotes from other companies so you need to shop around if the rates are high. Exclusive agents are trained well on their company’s products and that enables them to sell even at higher rates. Consumers sometimes buy insurance from these agents primarily because of the brand rather than having the cheapest rates.

Shown below is a short list of exclusive agents in Charlotte that are able to give comparison quotes.

View more agents

Selecting an insurance agency requires more thought than just a cheap price quote. These are some questions your agent should answer.

If you feel you receive good answers to these questions as well as offering an affordable quote, you have narrowed it down to a car insurance agent that is a good match to properly insure your vehicles.

Be persistent to save money

As you prepare to switch companies, never buy lower coverage limits just to save a few bucks. There are many occasions where an insured cut physical damage coverage only to discover later they didn’t purchase enough coverage. The ultimate goal is to purchase a proper amount of coverage at an affordable rate while still protecting your assets.

The cheapest Lincoln MKT insurance in Charlotte can be bought from both online companies and also from your neighborhood Charlotte agents, and you should compare price quotes from both in order to have the best chance of saving money. There are still a few companies who may not offer online rate quotes and usually these regional insurance providers provide coverage only through local independent agencies.

Consumers change insurance companies for many reasons like unfair underwriting practices, high rates after DUI convictions, an unsatisfactory settlement offer and questionable increases in premium. Regardless of your reason, switching car insurance companies is actually quite simple.

Additional detailed information can be found at these sites: