Save Money on Lincoln MKX Insurance in Houston

Insurance for Lincoln MKXPaying for overpriced Lincoln MKX insurance in Houston can sap your personal savings and force you to make sacrifices.

Unbelievable but true, most car insurance policyholders in Texas have bought car insurance from the same company for a minimum of four years, and almost 40% of drivers have never taken the time to shop around. American drivers could cut their rates by up to 46.5% a year by just shopping around, but they just feel it’s too hard to find cheaper insurance by shopping around.

Popular companies such as Allstate, Liberty Mutual and State Farm constantly blast consumers with TV and radio ads and consumers find it hard to ignore the flying pigs and cute green geckos and find the best price available.

Consumers need to price shop coverage as often as possible since rates change quite often. Even if you think you had the best deal on Lincoln MKX insurance in Houston a year ago there may be better deals available now. You’ll find a ton of advice on MKX insurance online, but we’re going to give you some of the best ways to put money back in your pocket.

If you’re already insured, you will definitely be able to cut your premiums using the following tips. Finding the cheapest auto insurance coverage in Houston can be made easier if you know where to look. Nevertheless, Texas vehicle owners do need to know the way companies market insurance on the web and take advantage of how the system works.

Lincoln MKX Insurance Prices Can Be More Affordable

A large part of saving on insurance is knowing a few of the rating criteria that are used to determine your insurance rates. If you know what impacts premium levels, this helps enable you to make changes that may result in better insurance rates. Lots of factors are used in the calculation when quoting car insurance. Some are pretty understandable such as traffic violations, although others are less apparent such as whether you are married or how financially stable you are.

The list below includes a partial list of the pieces used by companies to determine your rates.

No insurance claims equals lower prices – Insurance companies in Texas give cheaper rates to drivers who do not rely on their insurance for small claims. If you are a frequent claim filer, you can pretty much guarantee increased rates or even have your policy non-renewed. Auto insurance is designed for claims that you cannot pay yourself.

Your spouse saves you money – Having a significant other helps lower the price on insurance. Marriage generally demonstrates drivers are more stable financially and statistics prove drivers who are married are more cautious.

Insurance premiums and driver gender – Statistics have proven females are less aggressive when driving. This data doesn’t prove that women are BETTER drivers than men. Men and women cause accidents at a similar rate, but guys get into accidents with more damage. Men also statistically get ticketed for serious violations like reckless driving and DUI. Youthful male drivers have the highest risk to insure and therefore have the most expensive insurance rates.

Higher physical damage deductibles reduce costs – The deductibles are the amount of money you are required to spend before your insurance pays a claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of covered claims are collision with another vehicle, fire damage, or theft of your vehicle. The larger the amount the insured is willing to pay, the lower your rates will be.

Do you save by driving less? – The higher the mileage driven in a year the higher your rate. A lot of companies rate vehicles based upon how much you drive. Cars and trucks that sit idle most of the time can be on a lower rate level than those used for commuting. It’s always a good idea to double check that your policy reflects how each vehicle is driven. A policy that improperly rates your MKX can cost quite a bit.

Experienced drivers save more – Older insureds tend to be more responsible, statistically cause fewer accidents, and tend to be get fewer driving tickets.Teen drivers are proven to be more careless when at the wheel of a vehicle so insurance rates are higher.

Loss statistics for a Lincoln MKX – Insurers use historical loss data in order to profitably underwrite each model. Models that are shown to have a higher amount or frequency of claims will cost more for coverage.

The table below demonstrates the loss history for Lincoln MKX vehicles. For each coverage category, the claim probability for all vehicles, regardless of manufacturer or model, equals 100. Numbers that are below 100 represent a good loss history, while numbers above 100 indicate higher probability of having a loss or an increased probability of a larger loss.

Insurance Loss Ratings for Lincoln MKX Vehicles

Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Lincoln MKX 4dr 2WD 77 80 67 66 81 78
Lincoln MKX 4dr 4WD 86 91 92 76 79 87

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Most larger insurance companies such as Progressive, GEICO, Allstate and State Farm provide coverage price quotes on the web. Comparing Lincoln MKX insurance rates online doesn’t take much effort because you just enter the amount of coverage you want on the page. After you submit the form their rating system automatically retrieves your driving record and credit report and returns pricing information based on these factors. Using the web to get rate quotes for Lincoln MKX insurance in Houston simplifies rate comparisons, and it’s also necessary to have as many quotes as possible in order to find cheap rates.

In order to find out how much you can save on auto insurance, compare rates from the companies below. If you have coverage now, it’s recommended you input your coverages exactly as shown on your declarations page. This ensures you will receive a fair comparison using the exact same coverages.

The companies in the list below have been selected to offer comparison quotes in Houston, TX. If multiple companies are shown, we recommend you compare several of them to get the lowest price.

Lincoln MKX Insurance Rates in Houston, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $272 $472 $500 $30 $150 $1,424 $119
MKX AWD $176 $360 $430 $26 $128 $1,120 $93
Get Your Own Custom Quote Go

Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in specific location information which can revise premium rates significantly.

Full coverage versus liability-only in Houston

The diagram below illustrates the comparison of Lincoln MKX insurance premiums with full physical damage coverage compared to only buying liability only. The premiums are based on no claims or violations, $1,000 deductibles, married female driver, and no discounts are factored in.

When to buy liability coverage only

There is no set guideline to drop full coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Lincoln MKX book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $2,000 after you pay the deductible. If it’s costing you more than $200 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where buying only liability insurance is not financially feasible. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

How accidents and violations affect rates

The information below demonstrates how citations and at-fault fender-benders can drive up Lincoln MKX insurance prices for each age group. The data is based on a married male driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

Comparison of policy deductibles

A question often asked by Houston drivers is how high should the physical damage deductibles be. The rates shown below illustrate the premium difference of buying low and high insurance deductibles. The first data set uses a $100 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Lincoln MKX insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $328 $698 $382 $22 $114 $1,569 $131
MKX AWD $370 $698 $382 $22 $114 $1,611 $134
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Lincoln MKX insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $182 $368 $382 $22 $114 $1,068 $89
MKX AWD $206 $368 $382 $22 $114 $1,092 $91
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium amounts do not factor in vehicle garaging location which can increase or decrease coverage prices substantially.

Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $43 more each month or $516 for a full year than quoting 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 tend to have at a minimum 21 months between claim filings, you would save money by selecting a higher deductible. The table below illustrates how you can make your own decision.

Average monthly premium for $100 deductibles: $133
Average monthly premium for $1,000 deductibles (subtract): – $90
Monthly savings from raising deductible: $43
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $43
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important caveat is that a higher deductible means you will have to pay more if you have a claim. You need some non-essential savings in the event you have to pay the higher deductible.

Insurance just makes sense

Even though it can be expensive, insurance serves an important purpose.

First, most states have minimum mandated liability insurance limits which means you are required to carry a specific minimum amount of liability protection if you don’t want to risk a ticket. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your Lincoln MKX has a loan, it’s most likely the lender will require that you have insurance to guarantee payment of the loan. If you do not keep the policy in force, the bank may buy a policy for your Lincoln at a much higher rate and force you to pay for the much more expensive policy.

Third, insurance protects both your assets and your car. It will also provide coverage for medical transport and hospital expenses incurred in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses in the event you are sued. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car are without a doubt worth the cost, especially with large liability claims. Unknowingly, the average driver is wasting up to $869 every year so it’s recommended you shop around each time the policy renews to make sure the price is not too high.

Check for these discounts on Lincoln MKX insurance in Houston

Some insurance providers don’t list all discounts very clearly, so the list below gives a summary of a few of the more well known as well as some of the hidden savings tricks you should be using when you buy Houston auto insurance online. If you’re not getting every credit available, you may be paying too high a price.Save money with discounts

Policy discounts save money, but most of the big mark downs will not be given to all coverage premiums. Most only apply to the cost of specific coverages such as comp or med pay. If you do the math and it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

A list of companies and some of their more popular discounts are shown below.

It’s a good idea to ask every insurance company how you can save money. Depending on the company, some discounts may not be offered in every state.

What if I want to buy from local Houston insurance agencies?

A small number of people still like to go talk to an agent and doing so can bring peace of mind An additional benefit of getting free rate quotes online is you can get cheap insurance quotes and still have a local agent.

Houston insurance agentsUpon completion of this short form, your coverage information is immediately sent to local insurance agents in Houston that can provide free Houston auto insurance quotes to get your business. It’s much easier because you don’t need to even leave your home because prices are sent immediately to you. It’s the lowest rates without requiring a lot of work. In the event you want to compare prices from a particular provider, don’t hesitate to search and find their rate quote page and fill out their quote form.

Selecting a insurer requires more thought than just a low price. Ask your prospective agent these questions:

When looking for a reliable insurance agency, you need to know there are two types of insurance agents that you can choose from. Houston agents are either exclusive or independent.

Exclusive Agents

These type of agents are contracted to one company and examples are AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot place coverage with different providers so they really need to provide good service. Exclusive insurance agents are well trained on their company’s products which helps them compete with independent agents.

Below is a list of exclusive insurance agencies in Houston that are able to give price quote information.

8121 Broadway St #230Houston, TX 77061(281) 481-5778View Map

6489 Wilcrest DrHouston, TX 77072(281) 498-1010View Map

10103 Fondren Rd #150Houston, TX 77096(832) 431-4222View Map

View more Houston agents

Independent Insurance Agencies

These agents can quote rates with many companies so they have the ability to put coverage with an assortment of companies and find you cheaper rates. If they find a lower price, they simply move your policy to a different company without you having to go to a different agency.

If you need lower rates, you will want to include rate quotes from several independent insurance agents for maximum quote selection.

The following is a short list of independent insurance agencies in Houston willing to provide comparison quotes.

13430 Northwest Fwy #600Houston, TX 77040(713) 956-9800View Map

1020 Bay Area Blvd # 100Houston, TX 77058(281) 488-2733View Map

3355 W Alabama St #850Houston, TX 77098(713) 622-2330View Map

View more Houston agents

Cheaper car insurance premiums are out there

We’ve covered some good ideas how to reduce Lincoln MKX insurance prices online in Houston. The key concept to understand is the more quotes you get, the higher your chance of finding the cheapest Lincoln MKX rate quotes. Consumers could even find that the most savings is with a smaller regional carrier. They may often insure only within specific states and give better rates than the large multi-state companies such as Allstate, GEICO and Progressive.

When buying insurance coverage, it’s very important that you do not sacrifice coverage to reduce premiums. Too many times, an insured cut liability limits or collision coverage only to regret at claim time that the small savings ended up costing them much more. Your strategy should be to buy enough coverage at the lowest possible cost and still be able to protect your assets.

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