Affordable Insurance for a Lincoln MKT in Minneapolis

If you want to save the most money, the best way to find discount Lincoln MKT insurance in Minneapolis is to compare prices regularly from providers that sell auto insurance in Minnesota. You can shop around by following these steps.

1. Spend a few minutes and learn about how companies set rates and the changes you can make to drop your rates. Many policy risk factors that cause high rates like traffic tickets, fender benders, and a low credit rating can be improved by making small lifestyle or driving habit changes. Keep reading for more information to find cheap rates and get discounts that may be overlooked.
2. Get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like GEICO and State Farm, while independent agencies can quote prices from many different companies.
3. Compare the new rate quotes to your existing rates to see if a cheaper price is available. If you can save some money, verify that coverage does not lapse between policies.

One thing to point out is that you’ll want to make sure you compare the same deductibles and limits on every quote and and to get rate quotes from as many auto insurance providers as possible. Doing this ensures the most accurate price comparison and the best price selection.

Sadly, nearly 70% of customers kept their policy with the same company for at least four years, and about 40% of consumers have never even shopped around for affordable coverage. The average driver in the U.S. could save $860 each year just by comparing rates, but they just feel it’s too hard to go online and compare rates.

If you have a current car insurance policy or just want a better rate, you can learn to cut your premiums and still get good coverage. Our objective in writing this article is to help you learn how auto insurance companies operate and some money-saving tips. Vehicle owners just need to understand the quickest way to compare rate quotes online.

The cheapest Minneapolis Lincoln MKT insurance quotes

The providers in the list below are our best choices to provide quotes in Minneapolis, MN. If you want the cheapest auto insurance in Minneapolis, we suggest you visit as many as you can to find the most affordable auto insurance rates.

Save money with these six money saving discounts

Companies that sell car insurance don’t always advertise their entire list of discounts in a way that’s easy to find, so we took the time to find a few of the more well known as well as some of the hidden discounts that you can inquire about if you buy Minneapolis car insurance online.

• Anti-lock Brakes – Cars, trucks, and SUVs equipped with ABS or steering control can avoid accidents and earn discounts up to 10%.
• Discounts for New Vehicles – Buying a new car model is cheaper compared to insuring an older model.
• Seat Belt Discounts – Drivers who require all vehicle occupants to wear their seat belts can save 10% or more on the medical payments or PIP coverage costs.
• Low Miles Discount – Driving fewer miles may enable drivers to earn cheaper rates.
• Discount for Good Grades – Being a good student can earn a discount of 20% or more. Most companies allow this discount until age 25.
• Telematics Devices – Insureds who allow data collection to scrutinize driving manner by using a small device installed in their vehicle such as Progressive’s Snapshot might get better premium rates if they have good driving habits.

As a footnote on discounts, some credits don’t apply to your bottom line cost. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, it just doesn’t work that way.

The chart below illustrates the comparison of Lincoln MKT yearly insurance costs with and without discounts applied. The data assumes a male driver, no accidents, no driving violations, Minnesota 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 multi-policy, claim-free, safe-driver, multi-car, marriage, and homeowner discounts applied.

A list of companies and a partial list of their discounts are:

• GEICO may have discounts that include driver training, multi-policy, air bags, good student, seat belt use, defensive driver, and emergency military deployment.
• Travelers has savings for early quote, multi-car, new car, good student, and home ownership.
• Farm Bureau may include discounts for 55 and retired, safe driver, multi-policy, renewal discount, multi-vehicle, and driver training.
• Liberty Mutual offers discounts including good student, multi-car, new vehicle discount, preferred payment discount, newly married, teen driver discount, and new graduate.
• American Family may offer discounts for bundled insurance, early bird, good driver, air bags, TimeAway discount, and multi-vehicle.
• Progressive discounts include good student, multi-policy, homeowner, online quote discount, and multi-vehicle.

When getting free Minneapolis car insurance quotes, it’s a good idea to every insurance company which credits you are entitled to. Some discounts listed above may not be available in Minneapolis.

Lincoln MKT insurance statistics and information

The rate table shown below showcases a range of insurance policy prices for Lincoln MKT models. Learning how auto insurance policy rates are calculated can benefit drivers when making smart choices when buying a policy.

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in Minneapolis location which can alter coverage rates considerably.

Comparison of policy deductibles

When buying insurance, a common question is the level to set your comp and collision deductibles. The premium rates below may help to illustrate the difference in cost when you select higher and lower insurance deductibles. The first rate table uses a $100 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Information does not factor in your specific Minneapolis location which can impact coverage prices substantially.

Based on these figures, using a $100 deductible will cost you about $40 more each month or $480 a year than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 23 months between claim filings, you would probably be better off by selecting a higher deductible.

The illustration below shows how choosing a deductible and can influence Lincoln MKT yearly insurance costs for different age groups. The costs are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

Insurance rate increases from tickets or accidents

The diagram below shows how speeding tickets and accident claims influence Lincoln MKT insurance rates for different age categories. The premium estimates are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.