Buying auto insurance online might seem complicated at first if you are one of the millions of people new to rate quotes online. But keep reading because there is an easy way to compare rates for Lincoln MKT insurance in Austin.
Unbelievable but true according to a study the vast majority of consumers have remained with the same auto insurance company for at least four years, and just short of a majority have never shopped around. The average driver in America could save roughly 46.5% a year just by comparing rates, but they feel it’s too difficult to find cheaper insurance by shopping around.
Consumers should take time to compare premium rates occasionally because auto insurance rates trend upward over time. If you had the best deal on Lincoln MKT insurance in Austin at your last renewal you can probably find a better price now. Forget anything you know (or think you know) about auto insurance because we’re going to show you the fastest and easiest way to save on auto insurance.
How to compare Austin Lincoln MKT insurance price quotes
The are a couple different ways of comparing rates from many available insurance companies in Texas. The best method to find the cheapest Lincoln MKT insurance rates is to use the internet to compare rates.
Keep in mind that more quotes will increase your chances of finding a lower rate. Some companies don’t provide online Austin MKT insurance quotes, so it’s recommended that you also compare price estimates from them as well.
The companies shown below have been selected to offer price quotes in Texas. If several companies are displayed, we recommend you visit several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MKT 3.7 2WD||$362||$672||$520||$30||$156||$1,740||$145|
|MKT 3.7 AWD||$440||$788||$440||$26||$132||$1,826||$152|
|Get Your Own Custom Quote Go|
Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Price estimates do not factor in specific Austin garaging location which can raise or lower premium rates substantially.
Lincoln MKT liability rates compared to full coverage
The illustration below shows the difference between Lincoln MKT auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no tickets, no at-fault accidents, $500 deductibles, married male driver, and no policy discounts are applied.
Are you wasting money on full coverage?
There is no written rule to drop physical damage coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s pretend your Lincoln MKT claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $2,000 after paying the physical damage deductible. If it’s costing you more than $200 a year for full coverage, then it’s probably a good time to buy liability coverage only.
There are a few cases where dropping physical damage coverage is not recommended. If you haven’t paid off your loan, you have to carry full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.
Discounts can help save money on Lincoln MKT insurance in Austin
Companies that sell car insurance don’t always publicize the complete list of policy discounts in an easy-to-find place, so the next list breaks down some of the more common in addition to some of the lesser obvious credits available to you.
- Discount for Swiching Early – Some companies give discounts for switching policies prior to your current MKT insurance policy expiration. The savings is around 10%.
- No Claims – Insureds with no claims or accidents are rewarded with significantly better rates on Austin auto insurance quote compared to drivers who are more careless.
- Student Discount for Driver Training – It’s a good idea to have your young drivers participate in a local driver’s education class in school.
- Federal Employees – Simply working for the federal government can save as much as 8% with select insurance companies.
- Senior Citizen Rates – Seniors can get lower premium rates.
- Accident Forgiveness – This one is not really a discount per se, but a few companies such as State Farm and Allstate may permit one accident without getting socked with a rate hike with the catch being you have to be claim-free before the accident.
One thing to note about discounts is that most discounts do not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like all the discounts add up to a free policy, it just doesn’t work that way.
A few of the larger companies and a selection of discounts can be found below.
- 21st Century includes discounts for homeowners, teen driver, student driver, 55 and older, driver training, and anti-lock brakes.
- State Farm has savings for student away at school, good driver, anti-theft, driver’s education, and safe vehicle.
- AAA may have discounts that include AAA membership discount, multi-policy, good driver, pay-in-full, and multi-car.
- Liberty Mutual has discounts for multi-policy, multi-car, newly married, new graduate, and exclusive group savings.
- Progressive may include discounts for multi-vehicle, online quote discount, multi-policy, continuous coverage, online signing, good student, and homeowner.
When getting free Austin auto insurance quotes, it’s a good idea to each company or agent to apply every possible discount. Discounts might not be available to policyholders in every state. If you would like to view insurers that offer discounts in Austin, click this link.
Compare rates but buy from a local neighborhood Austin car insurance agent
A small number of people just prefer to sit down with an agent and that can be a smart move A good thing about comparing rate quotes online is that you can obtain the best rates and still have a local agent.
To find an agent, once you fill out this form (opens in new window), your coverage information is transmitted to local insurance agents who will give you bids for your insurance coverage. It’s much easier because you don’t need to drive around since price quotes are sent directly to your email. You can find lower rates and a licensed agent to talk to. If for some reason you want to compare rates from a specific insurance company, don’t hesitate to jump over to their website and fill out the quote form the provide.
Choosing an provider is decision based upon more than just the price. Before buying a policy in Austin, get answers to these questions.
- Will you work with the agent or an assistant?
- Which companies do they recommend if they are an independent agency?
- Will high miles depreciate repair valuations?
- How are they compensated?
- Can you use your own choice of collision repair facility?
- Does the company have a solid financial rating?
- Do they specialize in personal lines coverage in Austin?
- Are you getting all the discounts the company offers?
When researching a local Austin insurance agency, it’s helpful to know the types of insurance agents and how they work. Auto insurance agents in Austin are categorized either independent agents or exclusive agents.
These type of agents normally can only provide a single company’s rates and examples are Allstate, Farmers Insurance or State Farm. Exclusive agents cannot provide other company’s prices so keep that in mind. Exclusive agents are well trained on their company’s products which can be an advantage. Some people will only use the same exclusive agent mostly because of the prominent brand name and the convenience of having all coverages with one company.
Below is a list of exclusive agencies in Austin willing to provide rate quotes.
- David Simmons – State Farm Insurance Agent
1910 W Braker Ln #400 – Austin, TX 78758 – (512) 837-8825 – View Map
- J B Ruebsahm – State Farm Insurance Agent
1901 W William Cannon Dr #131 – Austin, TX 78745 – (512) 444-1845 – View Map
- Allstate Insurance: Homero Escobar
730 W Stassney Ln Ste 230 – Austin, TX 78745 – (512) 443-9598 – View Map
Independent Auto Insurance Agencies
Agents in the independent channel can sell policies from many different companies and that gives them the ability to insure with any number of different companies and get you the best rates possible. If your agent finds better pricing, the agent simply finds a different carrier which is easy for the insured. If you need lower rates, you should always get several quotes from a couple of independent agencies for the best price selection. Most have the option of insuring with companies that do not advertise much that can offer cheaper rates than bigger companies.
The following is a list of independent agents in Austin who can help you get price quotes.
- Greater Austin Insurance Inc
11824 Jollyville Rd # 202 – Austin, TX 78759 – (512) 250-1777 – View Map
- EZ Insurance Agency – Main
4502 S Congress Ave – Austin, TX 78745 – (512) 444-4040 – View Map
- Higginbotham/William Gammon Insurance
1221 S MoPac Expy – Austin, TX 78746 – (512) 477-6745 – View Map
Upon receiving good responses to any questions you have as well as cheap MKT insurance quotes, most likely you have located an auto insurance agent that can be trusted to provide auto insurance coverage. Just be aware that once you purchase a policy you can cancel your policy whenever you choose to so never feel that you are permanently stuck with a specific company for any length of time.
Auto insurance is unique, just like you
Always keep in mind that when comparing proper insurance coverage, there isn’t really a one size fits all plan. Everyone’s situation is unique.
For instance, these questions may help you determine whether you might need an agent’s assistance.
- Does coverage extend to Mexico or Canada?
- Can I still get insurance after a DUI?
- Is there coverage for injuries to my pets?
- What is motorclub and do I need it?
- Does medical payments coverage apply to all occupants?
- Who sells insurance for high-risk drivers?
- What is the premium to book value ratio for dropping full coverage?
If you can’t answer these questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.
Choices You Make Can Impact Your Insurance Prices
Many factors are part of the equation when you quote your car insurance policy. Some are pretty understandable like an MVR report, but other factors are more transparent like your continuous coverage or your commute time. When buying insurance it’s important to understand the factors that go into determining the price you pay for insurance. When you know what positively or negatively positively or negatively impacts your premiums, this enables you to make decisions that could result in lower insurance prices.
Liability protection preserves assets – Liability coverage will provide protection in the event that you are responsible for an accident. It provides legal defense to attempt to prove you were not liable. Liability insurance is pretty cheap when compared with rates for comp and collision, so do not skimp.
Avoid unnecessary add-on coverages – Insurance policies have a lot of additional coverages that can add up if you aren’t diligent. Insurance for personal injury protection, death and dismemberment, and additional equipment coverage may be wasting your money. These coverages may sound good when buying your policy, but your money might be better spent on other coverage so consider taking them off your policy.
Comp and collision deductibles are a factor – Comp and collision deductibles represent how much money you are willing to pay out-of-pocket before your insurance pays a claim. Insurance for physical damage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. A few examples of covered claims are rearending another vehicle, animal collisions, and damage from wind. The more money you pay before a claim is paid (deductible), the better rate you will receive.
Policy lapses lead to higher rates – Driving without insurance can get your license suspended and companies may charge more for letting your coverage have a gap. And not only will insurance be more expensive, the inability to provide proof of insurance will get you fines or a revoked license. You may then be required to submit proof of financial responsibility or a SR-22 with the Texas DMV.
Your address can modify price – Living in a small town is a good thing when trying to find low car insurance rates. People in densely populated areas have to deal with more aggressive driving styles and longer commutes to work. Lower population means a lower chance of having an accident and a lower car theft rate.
Age of drivers impacts costs – Mature drivers are more responsible, are lower risk to insure, and usually have better credit.Youthful drivers are statistically shown to be easily distracted in a vehicle so insurance rates are higher.
Marriage is a factor – Getting married may cut your premiums when buying insurance. Having a significant other demonstrates that you tend to be less irresponsible and insurance companies reward insureds because drivers who are married are more cautious.
Deter car thieves – Driving a car with advanced anti-theft systems can earn a premium discount. Systems that thwart thieves such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder car theft.
Insurance loss statistics a Lincoln MKT – Insurers study historical loss data to help calculate a profitable premium rate. Vehicles that are shown to have higher frequency or amount of claims will cost more for specific coverages.
The table below demonstrates the historical insurance loss data for Lincoln MKT vehicles. For each type of coverage, the loss probability for all vehicles as a whole is equal to 100. Values that are below 100 suggest a positive loss record, while numbers above 100 show a trend for more claims or statistically larger claims.
Lincoln MKT Insurance Loss Statistics
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Lincoln MKT 4dr 2WD||128||133|
|Lincoln MKT 4dr 4WD||118||85||138||85|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Auto insurance does more than just protect your car
Even though it’s not necessarily cheap to insure a Lincoln in Austin, buying auto insurance is a good idea for several reasons.
First, the majority of states have minimum mandated liability insurance limits which means you are required to carry a specific level of liability coverage in order to drive the car. 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 you took out a loan on your Lincoln MKT, almost all lenders will force you to have full coverage to ensure loan repayment if the vehicle is totalled. If you cancel or allow the policy to lapse, the lender will be forced to insure your Lincoln at a much higher rate and force you to pay for the much more expensive policy.
Third, auto insurance protects both your assets and your vehicle. It will also pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay attorney fees if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will cover the repair costs.
The benefits of insuring your MKT outweigh the cost, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is wasting up to $850 per year so we recommend shopping around at every renewal to ensure rates are competitive.
Quote often and quote early
While you’re price shopping online, never skimp on coverage in order to save money. In too many instances, drivers have reduced liability coverage limits and learned later that the few dollars in savings costed them thousands. Your goal is to find the BEST coverage at the best cost.
We just covered many ways to reduce Lincoln MKT insurance rates online in Austin. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. Consumers may even find the lowest rates are with a small local company.
Discount Lincoln MKT insurance in Austin is possible from both online companies and also from your neighborhood Austin agents, and you need to price shop both in order to have the best price selection to choose from. There are still a few companies who do not offer online rate quotes and these smaller providers sell through local independent agencies.
Even more information is located by following these links:
- Vehicle Safety Ratings (iihs.org)
- Who Has Affordable Auto Insurance for Low Credit Scores in Austin? (FAQ)
- How Much are Austin Auto Insurance Rates for Real Estate Agents? (FAQ)
- What Insurance is Cheapest for a Toyota Corolla in Austin? (FAQ)
- Who Has Cheap Auto Insurance for Used Cars in Austin? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- Help Your Teen Be a Better Driver (State Farm)