Save Money on Lincoln MKZ Insurance in Boston

No car owner gets a kick out of paying for insurance, especially when they know it costs too dang much.

Discount Lincoln MKZ insuranceIt’s an obvious statement that car insurance companies want to keep you from comparing prices. Drivers who rate shop once a year are highly likely to move their business because they have good chances of finding more affordable rates. Surprisingly, a recent survey revealed that drivers who regularly compared rates saved $3,500 over four years as compared to drivers who don’t make a habit of comparing rates.

If finding low prices for Lincoln MKZ insurance is your goal, then having some insight into how to quote and compare car insurance can save money and time.

Online insurance companies like GEICO, Farmers Insurance and State Farm all claim big savings, bombarding you with advertising and it is challenging if not impossible to see past the geckos and flying pigs and find the best price available.

When comparing insurance rates, know that comparing more prices helps you find a better price.

The companies in the list below provide comparison quotes in Massachusetts. If you want to find cheap car insurance in Boston, we suggest you click on several of them in order to get a fair rate comparison.

Save a ton by taking advantage of discounts

Insurance is expensive, but you might find some hidden discounts to help offset the cost. Certain discounts will be applied when you quote, but once in a while a discount must be manually applied in order for you to get them.Save money with discounts

It’s important to understand that most credits do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like liability and collision coverage. If you do the math and it seems like you would end up receiving a 100% discount, you won’t be that lucky.

The illustration below illustrates the comparison of Lincoln MKZ insurance rates with and without discounts applied to the policy rates. The price estimates are based on a male driver, no accidents, no driving violations, Massachusetts 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 safe-driver, marriage, multi-policy, multi-car, claim-free, and homeowner discounts applied.

A few popular companies and a selection of discounts include:

If you want cheaper Boston car insurance quotes, ask each insurance company which discounts you qualify for. Some discounts might not apply in Boston. To find providers that offer discounts in Boston, click here.

Lincoln MKZ insurance analysis

The data table displayed next outlines estimates of policy rates for Lincoln MKZ models. Having a good grasp of how insurance policy rates are established can assist in making decisions on the best policy coverages.

Lincoln MKZ Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $250 $578 $426 $26 $128 $1,408 $117
MKZ AWD 4-Dr Sedan $250 $578 $426 $26 $128 $1,408 $117
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Estimates do not factor in vehicle location which can influence premium rates noticeably.

Policy deductibles

When shopping for insurance, a common question is where should you set your physical damage deductibles. The following insurance rates lay out the rate differences of buying low and high policy deductibles. The first set of rates uses a $250 deductible for physical damage and the second price table uses a $500 deductible.

Lincoln MKZ insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $292 $590 $378 $22 $114 $1,421 $118
MKZ AWD 4-Dr Sedan $292 $590 $378 $22 $114 $1,421 $118
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Lincoln MKZ insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $236 $476 $378 $22 $114 $1,226 $102
MKZ AWD 4-Dr Sedan $236 $476 $378 $22 $114 $1,226 $102
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rate information does not factor in specific zip code location which can modify coverage rates greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs approximately $16 more each month or $192 a year averaged for all MKZ models than requesting 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 usually have at least 16 months between claims, you would save more money if you choose the higher deductible. The illustration below shows an example of how this decision is made.

Average monthly premium for $250 deductibles: $118
Average monthly premium for $500 deductibles (subtract): – $102
Monthly savings from raising deductible: $16
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

The information below illustrates how choosing a deductible and can affect Lincoln MKZ insurance costs for different age categories. The information is based on a married male driver, comp and collision included, and no policy discounts are applied.

Cost difference between full coverage and liability

The example below illustrates the comparison of Lincoln MKZ car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims or violations, $500 deductibles, single marital status, and no additional discounts are factored in.

When to drop comp and collision

There isn’t a written rule for phasing out full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let’s assume your Lincoln MKZ replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $3,000 after paying your policy deductible. If it’s costing in excess of $300 annually for full coverage, then it might be time to buy liability only.

There are some circumstances where only buying liability is not in your best interest. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

How Your MKZ Insurance Prices are Determined

Many different elements are part of the calculation when premium rates are determined. Some are pretty understandable like a motor vehicle report, but other factors are less apparent like your vehicle usage and annual miles driven. One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that are used to determine auto insurance rates. If you understand what positively or negatively impacts your premiums, this helps enable you to make changes that may result in cheaper rates.

The items below are just a few of the factors auto insurance companies consider when setting premiums.

Shop online but buy locally

Many people still prefer to buy from a licensed agent and that is a smart decision The best thing about comparing rate quotes online is you can get lower rates and still buy from a local agent.

Insurance agents in BostonAfter completing this simple form, your insurance coverage information is submitted to agents in your area who can give free rate quotes and help you find cheaper coverage. You won’t need to even leave your home because quoted prices will be sent immediately to your email address. You’ll get the best rates AND a local agent. If for some reason you want to quote rates for a specific company, you just need to search and find their rate quote page and complete a quote there.

Selecting a company needs to be determined by more than just a cheap price quote. You should also get answers to these questions.

There’s no such thing as the perfect auto insurance policy

When quoting and choosing adequate coverage for your personal vehicles, there really is no “best” method to buy coverage. Your financial needs are unique.Auto insurance savings

These are some specific questions can aid in determining whether your personal situation would benefit from an agent’s advice.

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form.

How to find a good Boston auto insurance company

Selecting the top auto insurance company is difficult considering how many companies there are to choose from in Boston. The ranking information shown next can help you select which auto insurers you want to consider comparing rates with.

Top 10 Boston Car Insurance Companies Ranked by Value

  1. The General
  2. The Hartford
  3. Farmers Insurance
  4. Titan Insurance
  5. Mercury Insurance
  6. 21st Century
  7. Safeco Insurance
  8. AAA Insurance
  9. State Farm
  10. Travelers

Auto insurance savings summarized

As you quote Boston car insurance, do not sacrifice coverage to reduce premiums. There are a lot of situations where an insured dropped liability coverage limits only to discover later that it was a big mistake. Your focus should be to purchase plenty of coverage at the best price, but do not skimp to save money.

Drivers switch companies for any number of reasons including unfair underwriting practices, questionable increases in premium, lack of trust in their agent or even extreme rates for teen drivers. Regardless of your reason for switching companies, switching auto insurance companies is easier than you think.

Some companies may not have the ability to get quotes online and these smaller providers work with independent agents. Affordable Lincoln MKZ insurance in Boston is attainable both online as well as from independent agents in Boston, and you need to comparison shop both to have the best rate selection.

How to find low-cost rates for Lincoln MKZ insurance in Boston

If saving money is your primary concern, then the best way to find the cheapest price for car insurance rates is to regularly compare price quotes from providers in Boston.

The most important part of shopping around is to make sure you enter identical limits and deductibles on every price quote and and to get price estimates from as many different insurance providers as possible. Doing this ensures an accurate price comparison and a better comparison of the market.

Additional auto insurance information is available at the links below