How long has it been since the last time you looked for low-cost Lincoln MKS insurance in Lincoln? Feeling guilty for buying an overpriced insurance policy? Trust us when we tell you there are lots of people in the same boat.
Astonishing but true according to a recent study, most drivers kept their coverage with the same insurance company for a minimum of four years, and nearly the majority have never taken the time to shop around. Nebraska insurance shoppers could save as much as 30% every year just by comparing rates, but they won’t spend time to compare rates. Companies like State Farm and GEICO continually hit you with TV and radio ads and consumers find it hard to not get sucked in by the cute commercials and take the time to shop coverage around.
It’s important to compare prices as often as possible because prices change frequently. Just because you found the lowest rate on Lincoln MKS insurance in Lincoln at your last renewal you may be paying too much now. Forget anything you know (or think you know) about insurance because you’re going to learn one of the quickest ways to remove unneeded coverages and save money.
If you are already insured or are looking for a new policy, take advantage of these tips to find better prices and possibly find even better coverage. Locating the best rates in Lincoln is really quite simple as long as you have a good starting point. Smart buyers just need to know the proper way to shop instantly.
Cutting your insurance rates is a fairly straight forward process. Drivers just need to invest a few minutes getting comparison quotes online from several insurance companies.
Getting price quotes online is very simple and it replaces the need to call or drive to and from local insurance agencies. The fact that you can get quotes online eliminates the middleman unless you prefer the professional assistance of an agent trained in personal lines coverage. Although you can get the lowest quotes online and still use a local agent.
The companies shown below provide price quotes in Lincoln, NE. To locate the best auto insurance in Lincoln, NE, it’s a good idea that you click on several of them to get a more complete price comparison.
Cheaper Lincoln MKS insurance quotes in Lincoln
Auto insurance companies don’t always advertise the entire discount list in a way that’s easy to find, so the list below details a few of the more well known and the more hidden credits available to lower your premiums when you buy Lincoln car insurance online. If you check and find you aren’t receiving every discount possible, it’s possible you qualify for a lower rate.
- Good Student – This discount may save as much as 25% on a Lincoln car insurance quote. The good student discount can last up to age 25.
- E-sign Discounts – Certain larger companies may give you up to $50 simply for signing on your computer.
- Waiver for an Accident – Not a discount per se, but companies like GEICO and Liberty Mutual will let one accident slide before raising your premiums if you have no claims for a set time period.
- Distant Student – Youth drivers who attend college more than 100 miles from Lincoln and do not take a car to college could qualify for this discount.
- Passive Restraints and Air Bags – Factory options such as air bags and/or automatic seat belt systems may qualify for discounts of 20 to 30 percent.
We need to note that many deductions do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like liability and collision coverage. Just because it seems like it’s possible to get free car insurance, auto insurance companies aren’t that generous.
The example below illustrates the comparison of Lincoln MKS car insurance rates with and without discounts applied. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Nebraska state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, claim-free, multi-policy, marriage, and homeowner discounts applied.
To view companies that can offer you the previously mentioned discounts in Nebraska, click here to view.
Rate information and statistics
The information displayed next outlines a range of coverage prices for Lincoln MKS models. Learning as much as possible about how insurance premiums are determined can aid in making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $232 | $492 | $308 | $18 | $92 | $1,142 | $95 |
| MKS 4-Dr Sedan | $232 | $492 | $308 | $18 | $92 | $1,142 | $95 |
| MKS Ecoboost AWD 4-Dr Sedan | $256 | $556 | $308 | $18 | $92 | $1,230 | $103 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Estimates do not factor in specific zip code location which can lower or raise rates substantially.
Policy deductible comparison
When buying insurance, a common question is which deductibles should you choose. The following tables can help show the rate difference between low and high comp and collision deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $324 | $632 | $254 | $16 | $76 | $1,327 | $111 |
| MKS 4-Dr Sedan | $324 | $632 | $254 | $16 | $76 | $1,327 | $111 |
| MKS Ecoboost AWD 4-Dr Sedan | $358 | $716 | $254 | $16 | $76 | $1,445 | $120 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $180 | $334 | $254 | $16 | $76 | $860 | $72 |
| MKS 4-Dr Sedan | $180 | $334 | $254 | $16 | $76 | $860 | $72 |
| MKS Ecoboost AWD 4-Dr Sedan | $198 | $376 | $254 | $16 | $76 | $920 | $77 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Price estimates do not factor in zip code location which can lower or raise prices considerably.
Based on the data above, we can derive that using a $100 deductible costs roughly $40 more each month or $480 a year than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 23 months between claim filings, you would probably save some money if you choose a higher deductible.
How to determine when to raise your deductibles
| Average monthly premium for $100 deductibles: | $114 |
| Average monthly premium for $1,000 deductibles (subtract): | – $74 |
| Monthly savings from raising deductible: | $40 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $40 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
An important sidenote is that a higher deductible results in having to pay to pay more out-of-pocket when you have to file a claim. You will want to have some extra funds in the event you need to pay the higher deductible.
Buying from auto insurance agents
A small number of people still prefer to have an agent’s advice and that is recommended in a lot of cases Agents can help you choose the best coverages and give you someone to call. One of the great benefits of comparing insurance prices online is the fact that drivers can get the best rates and still have an agent to talk to. And supporting neighborhood agents is important particularly in Lincoln.
To make it easy to find an agent, after completing this simple form, your insurance data is submitted to insurance agents in Lincoln that provide free Lincoln car insurance quotes to get your business. You won’t need to search for any insurance agencies since rate quotes are delivered to your email. In the event you want to get a price quote from a specific car insurance provider, you would need to jump over to their website and give them your coverage information.
Picking the best insurance company should depend on more than just a cheap quote. The following questions are important to ask.
- Are all drivers listed on the coverage quote?
- Can glass claims be handled at your home?
- If they are an independent agency in Lincoln, which companies do they recommend?
- Do they have any clout with companies to ensure a fair claim settlement?
- Can you use your own choice of collision repair facility?
After receiving acceptable answers as well as an affordable premium quote, you’ve probably found an insurer that can be relied on to properly insure your vehicles. It’s important to know that you can always cancel coverage whenever you choose to so never assume you are locked into any specific company for the entire policy term.
Learn How to Get Car Insurance at a Discount
Lots of things are part of the equation when you quote your car insurance policy. A few of the factors are predictable such as your driving history, although others are more obscure like your vehicle usage or your financial responsibility.
Shown below are some of the factors companies use to determine premiums.
Being married can save you money – Getting married actually saves money on your policy. Having a significant other means you’re more financially stable and it’s proven that drivers who are married are more cautious.
Low stress employer equals lower prices – Jobs such as fire fighters, airline pilots, and financial analysts usually pay higher premiums than the average policyholder attributed to high stress levels and incredibly demanding work hours. On the flip side, occupations like scientists, athletes and performers get better rates.
Annual mileage and car insurance premiums – The more you drive annually the more you’ll pay to insure it. Most companies calculate prices partially by how you use the vehicle. Autos that have low annual miles get more affordable rates than vehicles that have high annual mileage. Verify your car insurance declarations sheet states how each vehicle is driven. An incorrectly rated MKS can result in significantly higher rates.
Incidental coverages can cost a lot – There are many additional extra coverages that can add up on your car insurance policy. Coverages like rental car reimbursement, accidental death, and extra life insurance coverage are examples of these. These coverages may sound good when you first buy your policy, but if you have no use for them remove them and pocket the money.
Men pay higher rates – Over time, data shows that men are more aggressive behind the wheel. The data does not necessarily mean that men are worse drivers. Males and females are in accidents in similar percentages, but the male of the species tend to have higher claims. Not only are claims higher, but men get higher numbers of serious violations like driving under the influence (DUI). Males from age 16 to 21 have the highest risk to insure and are penalized with high car insurance rates.
The illustration below shows the difference between Lincoln MKS insurance rates for male and female drivers. The premiums are based on a clean driving record, no at-fault accidents, full physical damage coverage, $250 deductibles, drivers are single, and no discounts are taken into consideration.
No car insurance claims equals lower prices – Car insurance companies in Nebraska provide better rates to policyholders that do not abuse their auto insurance. If you are a frequent claim filer, you can pretty much guarantee much higher rates or policy non-renewal. Insurance coverage is designed for the large, substantial claims.
Premiums increase with driving tickets – Only having one ticket can increase the cost of insurance by twenty percent. Attentive drivers pay lower auto insurance prices as compared to those with violations. Drivers who have serious tickets like hit and run, DWI or reckless driving convictions may find that they have to to submit a SR-22 form with their state in order to legally drive a vehicle.
The diagram below shows how traffic citations and at-fault fender-benders can raise Lincoln MKS yearly insurance costs for different age categories. The costs are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are factored in.
Insurance loss data for a Lincoln MKS – Insurance companies analyze the history of losses to help calculate premium rates. Vehicles that are shown to have high amounts or severity of claims will have increased rates.
The information below illustrates the insurance loss data used by companies for Lincoln MKS vehicles. For each type of coverage, the claim probability for all vehicles, regardless of manufacturer or model, is represented as 100. Percentage numbers below 100 imply a favorable loss record, while numbers that are greater than 100 indicate more frequent claims or tendency to have larger claims.
| Specific Lincoln Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lincoln MKS 4dr 2WD | 121 | 90 | 140 | 78 | 103 | |
| Lincoln MKS 4dr 4WD | 135 | 89 | 204 | 89 | ||
| Lincoln MKS Ecoboost 4dr 4WD | 139 | 93 | 153 | 87 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Why you need insurance for your Lincoln vehicle
Despite the potentially high cost of Lincoln MKS insurance, buying car insurance serves a purpose in several ways.
First, the majority of states have mandatory liability insurance requirements which means you are required to carry a specific level of liability insurance coverage in order to be legal. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a lien on your car, it’s guaranteed your bank will force you to have full coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the bank or lender will purchase a policy for your Lincoln at an extremely high rate and make you pay a much higher amount than you were paying before.
Third, insurance protects your car and your assets. Insurance will pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance more than offset the price you pay, especially if you ever need it. As of last year, the average driver in Nebraska is currently overpaying as much as $830 a year so it’s important to compare rates each time the policy renews to be sure current rates are still competitive.
Compare but don’t skimp
When trying to cut insurance costs, make sure you don’t reduce coverage to reduce premium. In too many instances, an insured dropped full coverage and discovered at claim time that the few dollars in savings costed them thousands. Your strategy should be to buy enough coverage at the best price while still protecting your assets.
Low-cost Lincoln MKS insurance in Lincoln can be bought online and from local insurance agents, and you need to price shop both in order to have the best chance of saving money. Some companies may not have online quoting and many times these small, regional companies prefer to sell through independent insurance agents.
How to find discount Lincoln MKS insurance in Lincoln
The easiest way to save money on car insurance rates in Lincoln is to start comparing prices yearly from providers who provide auto insurance in Nebraska. Drivers can shop around by following these guidelines.
First, get an understanding of how car insurance works and the modifications you can make to keep rates in check. Many rating criteria that are responsible for high rates such as distracted driving and a not-so-good credit history can be controlled by making lifestyle changes or driving safer.
Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from one company like Progressive and State Farm, while agents who are independent can give you price quotes from multiple sources.
Third, compare the quotes to your current policy premium and determine if cheaper MKS coverage is available in Lincoln. If you find a better price, make sure there is no lapse in coverage.
The key thing to remember is to use identical deductibles and limits on every quote request and and to get price quotes from as many companies as possible. This guarantees a level playing field and a complete price analysis.
To read more, take a look at these articles:
- Prom Night Tips for Teen Drivers (State Farm)
- What Insurance is Cheapest for Drivers Under 21 in Lincoln? (FAQ)
- How Much is Auto Insurance for a Dodge Ram in Lincoln? (FAQ)
- How Much is Car Insurance for Uber Drivers in Lincoln? (FAQ)
- Speed and Speed Limit FAQ (iihs.org)
- Child Safety Seats (Insurance Information Institute)
- Preventing Carjacking and Theft (Insurance Information Institute)