Shocking but true, a large majority of insurance policyholders in Massachusetts kept their coverage with the same insurance company for more than four years, and almost half have never quoted insurance rates at all. U.S. insurance shoppers could pocket about 47% a year just by getting comparison quotes, but most just don’t grasp the amount of money they would save if they swap their current policy for a cheaper one.
Really, the only way to get cheaper Lincoln MKS insurance in Boston is to compare quotes once a year from companies in Massachusetts. Drivers can shop around by completing these steps.
Step 1: It will benefit you to learn about what is in your policy and the factors you can control to keep rates down. Many rating factors that cause high rates like traffic violations, accidents, and a substandard credit history can be controlled by being financially responsible and driving safely. This article gives more information to help prevent expensive coverage and find overlooked discounts.
Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from a single company like Progressive or Farmers Insurance, while independent agents can quote prices from multiple insurance companies. View companies
Step 3: Compare the price quotes to the price on your current policy and see if you can save money. If you can save money and buy the policy, make sure there is no coverage gap between policies.
Step 4: Give notification to your current company of your intention to cancel your current coverage and submit a completed policy application and payment to the new insurer. Once coverage is bound, put the certificate verifying proof of insurance with your registration paperwork.
The most important part of shopping around is that you’ll want to make sure you compare the same coverage limits and deductibles on each price quote and and to get price quotes from all possible companies. This helps ensure an apples-to-apples comparison and a complete rate analysis.
Companies offering cheap Lincoln MKS price quotes in Boston, MA
The auto insurance companies shown below can provide free quotes in Massachusetts. If you want cheap car insurance in Massachusetts, we recommend you compare several of them in order to get a fair rate comparison.
Rates and detailed analysis
The table shown next covers estimates of insurance rates for Lincoln MKS models. Knowing how auto insurance premiums are formulated is important to be able to make informed purchases.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MKS AWD 4-Dr Sedan||$228||$466||$298||$18||$90||$1,100||$92|
|MKS 4-Dr Sedan||$228||$466||$298||$18||$90||$1,100||$92|
|MKS Ecoboost AWD 4-Dr Sedan||$250||$528||$298||$18||$90||$1,184||$99|
|Get Your Own Custom Quote Go|
Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Estimates do not factor in Boston location which can alter premiums considerably.
Drive responsibly or pay higher rates
The information below illustrates how violations and at-fault claims influence Lincoln MKS yearly insurance costs for each age group. The rates are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.
Rate comparison of males versus females
The chart below compares Lincoln MKS car insurance costs for male and female drivers. The data assumes no accidents or driving violations, full coverage, $1,000 deductibles, single status, and no policy discounts are applied.
Cost difference between full coverage and liability
The information below illustrates the difference between Lincoln MKS insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no accidents or driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.
When to stop paying for full coverage
There is no definitive guideline of when to eliminate full coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s say your Lincoln MKS replacement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If it’s costing you more than $800 annually for full coverage, then it may be the right time to buy liability only.
There are some conditions where only buying liability is not in your best interest. If you still have a loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. 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.
Save a ton by earning discounts
Insurance can be prohibitively expensive, but companies offer discounts that you may not know about. Some discounts will apply when you purchase, but less common discounts must be manually applied prior to getting the savings. If they aren’t giving you every credit available, you are just wasting money.
- Payment Discounts – By paying your entire bill at once instead of making monthly payments you can actually save on your bill.
- Own a Home and Save – Owning a house in Boston can earn you a little savings because of the fact that having a home is proof of financial responsibility.
- Multi-line Discount – Some auto insurance companies give a break if you buy some life insurance in addition to your auto policy.
- Seat Belt Usage – Forcing all vehicle occupants to buckle up can save up to 15% off PIP or medical payments premium.
- Air Bags and Passive Restraints – Factory options such as air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.
As a footnote on discounts, some of the credits will not apply to the entire policy premium. Most cut individual premiums such as comprehensive or collision. Despite the appearance that adding up those discounts means a free policy, company stockholders wouldn’t be very happy.
The information below illustrates the comparison of Lincoln MKS premium costs with and without discounts applied to the policy premium. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Massachusetts 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 safe-driver, multi-policy, homeowner, multi-car, claim-free, and marriage discounts applied.
For a list of insurance companies with the best Lincoln MKS insurance discounts in Boston in Boston, click here.
You Can Change Your Insurance Costs
Many different elements are used in the calculation when pricing auto insurance. Some of the criteria are obvious like a motor vehicle report, but other factors are less obvious such as your credit history or your commute time.
Too many car insurance claims will drive prices up – If you file claims often, you can expect much higher rates or policy non-renewal. Car insurance companies in Massachusetts provide discounts to drivers that do not abuse their auto insurance. Auto insurance is meant to be used in the event of the large, substantial claims.
Big cities have higher premiums – Choosing to live in areas with lower population has definite advantages when it comes to car insurance. Drivers in populated areas regularly have more auto accidents and much longer commute distances. Fewer drivers on the road means fewer accidents.
Vehicles with better crash test results mean better premiums – Vehicles with high crash test scores tend to have better insurance rates. Safer cars reduce the chance of injuries and better occupant protection means your insurance company pays less and thus lower rates.
Incidental coverages you don’t need – There are a ton of additional coverages that you can get tricked into buying on your MKS policy. Coverages for rental car coverage, towing coverage, and Farm Bureau memberships may be wasting your money. They may sound like good ideas when buying your policy, but if you’ve never needed them in the past get rid of them and save.
Liability coverage is critical – Liability insurance is the coverage that protects you if ever you are ruled to be at fault for damages from an accident. It will provide legal defense which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
Car plus home equals more savings – Some insurers give lower prices to insureds that purchase more than one policy such as combining an auto and homeowners policy. Even if you’re getting this discount drivers will still want to shop around to confirm you are receiving the best rates possible.There is a chance you can find a better deal by insuring with multiple companies.
Allowing your coverage to lapse raises premiums – Having a gap between insurance policy dates can be a fast way to pay more for car insurance. In addition to paying higher rates, not being able to provide proof of insurance may result in a license revocation or jail time.
Younger drivers are expensive to insure – Mature drivers are shown to be more cautious, tend to cause fewer accidents, and are generally more financially stable. Inexperience drivers are known to be easily distracted when driving therefore car insurance rates are much higher.
The following data assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.
Insurance losses for a Lincoln MKS – Auto insurance companies factor in insurance loss information in order to profitably underwrite each model. Models that are shown to have higher loss trends will be charged more to insure. The table below shows the loss history for Lincoln MKS vehicles.
For each policy coverage, the claim amount for all vehicles, as a total average, is considered to be 100. Numbers under 100 are indicative of better than average losses, while percentage values above 100 show a trend for more claims or an increased chance of larger losses than average.
|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
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Don’t assume everyone needs the same insurance coverage
When quoting and choosing coverage, there is no cookie cutter policy. Everyone’s needs are different and your insurance should be unique as well.
For instance, these questions can help discover whether you would benefit from an agent’s advice.
- Do all my vehicles need collision coverage?
- Who is covered when they drive my Lincoln MKS?
- When should I drop full coverage on my Lincoln MKS?
- Is upholstery damage covered by car insurance?
- Are all vehicle passengers covered by medical payments coverage?
- How can I get the company to pay a claim?
- Does low annual mileage earn a discount?
- Does coverage extend to a rental car in a foreign country?
- What is PIP insurance?
- When would I need additional glass coverage?
If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.
Car insurance quotes from local Boston insurance agents
Many people would prefer to talk to an insurance agent and doing so can bring peace of mind One of the benefits of getting free rate quotes online is you can get the best rates and also buy local. And providing support for neighborhood agents is important particularly in Boston.
Upon completion of this form (opens in new window), your information is instantly submitted to participating agents in Boston who will gladly provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to contact any insurance agencies because quoted prices will be sent to your email. You can find lower rates AND a local agent. If you wish to compare prices from one company in particular, just visit that company’s website and give them your coverage information.
Two types of auto insurance agents
If you want a good Boston insurance agent, you should know the types of agencies and how they can service your needs differently. Agents may be either exclusive or independent.
Independent Car Insurance Agents
Agents of this type do not have single company limitations and that is an advantage because they can write policies with multiple insurance companies and find you cheaper rates. If you want to switch companies, they simply switch companies in-house which is easy for the insured.
If you are trying to find cheaper rates, you need to get quotes from several independent agencies so that you have a good selection of quotes to compare.
Below is a list of independent insurance agents in Boston that may be able to give you price quote information.
452 Bennington St – Boston, MA 02128 – (617) 567-1100 – View Map
These agents are contracted to one company such as Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot compare rates from other companies so they are skilled at selling on more than just price. Exclusive insurance agents are usually well trained on their company’s products which helps overcome the inability to quote other rates.
Listed below are Boston exclusive agencies who can help you get rate quotes.
Picking a insurance agency should include more criteria than just the quoted price. Before buying a policy in Boston, get answers to these questions.
- When do they do a full risk review?
- Is coverage determined by price?
- How will an accident affect your rates?
- What kind of financial rating does the company have?
- Are they in the agency full-time?
- How much experience to they have in personal lines coverages?
- Are they primarily personal or commercial lines agents in Boston?
Cheaper auto insurance is a realistic goal
There are still a few companies who do not provide internet price quotes and many times these smaller providers prefer to sell through independent agencies. More affordable auto insurance in Boston can be bought on the web in addition to local insurance agencies, so compare prices from both in order to have the best chance of saving money.
As you shop your coverage around, don’t be tempted to buy poor coverage just to save money. There are a lot of situations where drivers have reduced uninsured motorist or liability limits only to find out that the savings was not a smart move. Your goal should be to buy the best coverage you can find at an affordable rate.
You just read some good ideas how to compare Lincoln MKS insurance prices in Boston. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding affordable Lincoln MKS insurance quotes. Consumers may even find the lowest prices come from the smaller companies. These companies often have lower rates on specific markets than their larger competitors like Allstate or State Farm.
Additional information is available at the links below
- Vehicle Safety Ratings (iihs.org)
- Who Has Affordable Car Insurance Rates for Postal Workers in Boston? (FAQ)
- What Auto Insurance is Cheapest for Drivers Over Age 50 in Boston? (FAQ)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Tools for Teen Driving Safety (State Farm)
- Shopping for a Safe Car (Insurance Information Institute)