Save Money on Lincoln MKX Insurance in Boston

If your goal is the lowest price, then the best way to get budget auto insurance rates is to regularly compare price quotes from different companies that insure vehicles in Boston.

  1. Try to learn a little about what coverages are included in your policy and the factors you can control to prevent rate increases. Many policy risk factors that drive up the price like traffic violations, accidents, and a negative credit score can be amended by making minor changes to your lifestyle. This article provides information to keep prices down and find overlooked discounts.
  2. Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or State Farm, while independent agencies can provide rate quotes for a wide range of companies.
  3. Compare the new quotes to your existing policy and see if you can save money. If you find a better price and buy the policy, make sure coverage does not lapse between policies.
  4. Notify your current company of your decision to cancel the current policy. Submit the signed application along with the required initial payment for your new coverage. As soon as coverage is bound, place the new certificate verifying proof of insurance in a readily accessible location in your vehicle.

A tip to remember is to compare the same coverage limits and deductibles on every quote and and to look at all possible companies. This provides an apples-to-apples comparison and many rates to choose from.

Insurance for Lincoln MKXA recent car insurance study discovered that nearly 70% of customers renewed their policy with the same company for more than four years, and approximately 40% of consumers have never compared quotes from other companies. The average driver in Boston can save up to $600 each year just by getting comparison quotes, but they just don’t understand the actual amount they would save if they changed companies.

Best companies for low-cost Lincoln MKX insurance in Massachusetts

The companies shown below are our best choices to provide comparison quotes in Massachusetts. If multiple companies are listed, we suggest you visit as many as you can in order to find the most affordable rates.

Rates and information analytics

The rate information displayed below covers different coverage costs for Lincoln MKX models. Understanding how prices are determined can be useful when making smart policy decisions.

Lincoln MKX Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $248 $600 $378 $22 $114 $1,362 $114
MKX AWD $280 $600 $378 $22 $114 $1,394 $116
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Price information does not factor in garaging location in Boston which can revise premium rates greatly.

Physical damage deductibles: Should you raise them?

When comparing auto insurance rates, the most common question is how high should the deductibles for physical damage be. The tables below summarize how much more rates are when you select higher and lower physical damage deductibles. The first price estimate table uses a $100 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Lincoln MKX insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $288 $612 $334 $20 $100 $1,379 $115
MKX AWD $324 $612 $334 $20 $100 $1,415 $118
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Lincoln MKX insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $160 $322 $334 $20 $100 $936 $78
MKX AWD $180 $322 $334 $20 $100 $956 $80
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rates do not factor in zip code location which can alter coverage prices considerably.

We can estimate from the data above that using a $100 deductible will cost in the ballpark of $38 more each month or $456 each year than opting for the higher $1,000 deductible. Since you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 24 months between claim filings, you would probably come out ahead if you opt for a higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $117
Average monthly premium for $1,000 deductibles (subtract): – $79
Monthly savings from raising deductible: $38
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $38
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 24 months

One important caveat is that higher deductibles means you pay more out-of-pocket when you have a comprehensive or collision claim. That will necessitate some savings in the bank in the event you have to pay more to get your vehicle repaired.

The example below shows how choosing a deductible and can affect Lincoln MKX insurance prices for different ages of insureds. The rates are based on a married male driver, comp and collision included, and no discounts are factored in.

Lincoln MKX liability rates compared to full coverage

The example below compares Lincoln MKX insurance rates when comparing full coverage to liability only. The data assumes no claims, a clean driving record, $1,000 deductibles, single marital status, and no policy discounts are applied.

When to switch to liability coverage only

There is no definitive guideline for eliminating full coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s say your Lincoln MKX settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $3,000 after the policy deductible has been paid. If premiums are more than $300 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are some scenarios where dropping physical damage coverage is not a good idea. If you still owe money on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

These discounts can lower Lincoln MKX insurance rates

Car insurance can be pricey, but you may qualify for discounts that you may not know about. A few discounts will automatically apply at the time of purchase, but some discounts are required to be manually applied in order for you to get them.Cheaper car insurance with discounts

As is typical with insurance, most of the big mark downs will not be given to the overall cost of the policy. Most only cut individual premiums such as physical damage coverage or medical payments. So when it seems like all the discounts add up to a free policy, that’s just not realistic.

The illustration below visualizes the comparison of Lincoln MKX annual premium costs with and without policy discounts. The prices are based on a female driver, a clean driving record, no claims, Massachusetts state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, multi-car, homeowner, marriage, and claim-free discounts applied.

A list of companies and their offered discounts can be found below.

Before you buy a policy, ask each company or agent which discounts you qualify for. Depending on the company, some discounts may not apply to policyholders in Boston. To locate companies with significant discounts in Massachusetts, click here to view.

Choices You Make Can Impact Your Insurance Prices

Many different elements are taken into consideration when quoting car insurance. A few of the factors are predictable such as your driving record, but other factors are not quite as obvious like your continuous coverage or how financially stable you are. When buying insurance it’s important to understand some of the elements that help calculate your premiums. If you understand what determines base rates, this enables informed choices that will entitle you to cheaper rates.

The following are a few of the “ingredients” used by your company to calculate rates.

Do I just need basic coverages?

When it comes to the right insurance coverage, there really is not a single plan that fits everyone. Every situation is different and your car insurance should be unique as well.Drive safe and save
For example, these questions could help you determine if your insurance needs will benefit from professional help.

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

When to have guidance from an insurance agency

Many drivers just want to sit down with an agent and that is a personal choice. Professional agents can help you choose the best coverages and help submit paperwork. One of the great benefits of comparing rate quotes online is you can get lower prices and still have an agent to talk to.

To help locate an agent, after submitting this quick form, the quote information is transmitted to agents in your area that provide free Boston car insurance quotes for your insurance coverage. You never need to leave your computer due to the fact that quote results will go to the email address you provide. In the event you want to get a rate quote from a specific insurance company, you can always jump over to their website and complete a quote there.

Finding a good company requires you to look at more than just a cheap price quote. You should also get answers to these questions.

If you want to buy auto insurance from a local Boston insurance agency, you must know there are a couple different types of agents and how they function. Auto insurance agents in Boston can be categorized as either exclusive agents or independent agents. Both sell affordable auto insurance policies, but it is important to understand how they are different because it can influence your agent selection.

Exclusive Insurance Agents

These agents normally can only provide a single company’s rates such as State Farm, AAA, and Liberty Mutual. Exclusive agents cannot provide other company’s prices so they have no alternatives for high prices. Exclusive agencies are well trained on their products and sales techniques which aids in selling service over price. A lot of people use the same exclusive agent mostly because of the prominent brand name rather than low price.

Listed below is a list of exclusive agents in Boston that can give you price quotes.

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Independent Agents (or Brokers)

Independent agencies often have affiliation with several companies and that allows them to write policies with a variety of different insurance companies and help determine which has the cheapest rates. If they find a cheaper price, the business is moved internally and you don’t have to do anything. When comparing rate quotes, we highly recommend that you include rate quotes from independent agents in order to compare the most rates. Most have the option of insuring with less well-known companies who may have lower rates.

Shown below is a list of independent agents in Boston that are able to give price quotes.

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In conclusion

As you go through the steps to switch your coverage, it’s a bad idea to reduce needed coverages to save money. In many cases, drivers have reduced collision coverage to discover at claim time that they should have had better coverage. Your goal is to buy a smart amount of coverage at an affordable rate while still protecting your assets.

There are still a few companies who don’t offer online rate quotes and most of the time these small, regional companies provide coverage only through independent agents. Low-cost Lincoln MKX insurance in Boston is available on the web as well as from independent agents in Boston, so compare prices from both to have the best chance of lowering rates.

Additional auto insurance information can be found on the following sites: