Sick and tired of paying out the nose each month for auto insurance? You are no different than millions of other people.
Unbelievably, nearly 70% of consumers have remained with the same auto insurance company for at least the last four years, and almost half have never even compared quotes to find affordable rates. Drivers in Texas could save 70% each year just by getting comparison quotes, but they underestimate the rate savings if they switch to a new company. Having so many options when it comes to auto insurance, it’s nearly impossible to locate the cheapest auto insurance provider.
This information will introduce you to how to compare rates easily and some tricks to saving. If you are paying for car insurance now, you stand a good chance to be able to buy cheaper auto insurance using these methods. Vehicle owners just have to learn how to compare different rates from many different companies online.
Lower rate quotes by taking advantage of these six discounts
Car insurance is not inexpensive, but you might already qualify for some discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied when you complete an application, but once in a while a discount must be specifically requested in order for you to get them.
- Military Deployment Discount – Being on active deployment in the military may lower your premium rates slightly.
- Fewer Miles Equal More Savings – Low mileage vehicles could be rewarded with cheaper premium rates.
- Waiver for an Accident – This one isn’t a discount, but companies like GEICO and Allstate will forgive one accident before your rates go up so long as you haven’t had any claims before the accident.
- Theft Prevention System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and can earn a small discount on your policy.
- Braking Control Discount – Vehicles that have steering control and anti-lock brakes can avoid accidents and therefore earn up to a 10% discount.
- No Claims – Insureds who avoid accidents and claims pay less in comparison to drivers with a long claim history.
As a footnote on discounts, most of the big mark downs will not be given to the entire cost. Some only apply to individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears adding up those discounts means a free policy, car insurance companies aren’t that generous. Any qualifying discounts will bring down your car insurance premiums.
The example below illustrates the difference between Lincoln MKT car insurance costs with and without some available policy discounts. Data assumes a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, multi-car, safe-driver, and marriage discounts applied.
Larger car insurance companies and the discounts they provide are included below.
- GEICO offers premium reductions for federal employee, multi-vehicle, anti-lock brakes, seat belt use, and five-year accident-free.
- Mercury Insurance has discounts for ease of repair, good student, multi-car, accident-free, and location of vehicle.
- Farmers Insurance offers discounts for multi-car, bundle discounts, distant student, business and professional, and early shopping.
- Auto-Owners Insurance discounts include teen driver, company car, paperless, multi-policy, group or association, multiple vehicles, and paid in full.
- Liberty Mutual offers discounts including safety features, new vehicle discount, multi-car, newly married, multi-policy, good student, and preferred payment discount.
- SAFECO may offer discounts for safe driver, accident prevention training, anti-theft, bundle discounts, and multi-car.
- Progressive policyholders can earn discounts including good student, multi-vehicle, homeowner, online signing, multi-policy, online quote discount, and continuous coverage.
- USAA may have discounts that include annual mileage, driver training, family discount, loyalty savings, and safe driver.
It’s a good idea to ask each company or agent which discounts can lower your rates. Some discounts may not apply in your area. To find companies that offer discounts in San Antonio, click this link.
The quickest way to compare insurance rates from multiple companies is to realize car insurance companies provide online access to give free rates quotes. All consumers are required to do is provide the companies a bit of rating information including if it has an alarm system, if you are currently licensed, daily mileage, and driver ages. Your details is instantly sent to insurance carriers in your area and they return quotes almost instantly.
To check rates for your Lincoln MKT now, click here and enter your zip code.
The companies shown below are our best choices to provide comparison quotes in San Antonio, TX. If several companies are displayed, we suggest you compare several of them to get a more complete price comparison.
Rates and data analysis
The coverage table displayed next showcases a range of insurance coverage prices for Lincoln MKT models. Learning more about how insurance prices are determined is important for making smart choices when selecting a policy.
|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||$400||$774||$520||$30||$156||$1,880||$157|
|Get Your Own Custom Quote Go|
Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Prices do not factor in vehicle garaging location which can revise coverage rates noticeably.
The chart below highlights how deductible choice and can impact Lincoln MKT insurance prices for each age group. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.
Gender differences in car insurance premiums
The information below compares Lincoln MKT insurance costs for male and female drivers. The premiums assume no claims, a clean driving record, comp and collision included, $250 deductibles, single marital status, and no discounts are applied to the premium.
Should you buy full coverage?
The chart below shows the comparison of Lincoln MKT car insurance rates with full coverage compared to only the Texas minimum liability coverage. The rates are based on no driving violations, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are factored in.
When to eliminate full coverage
There is no clear-cut formula that is best for determining when to drop physical damage coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s assume your Lincoln MKT replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $6,000 after you pay the deductible. If you are paying over $600 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some conditions where only buying liability is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.
Which policy gives me the best coverage?
When it comes to insurance from an agent or online for your vehicles, there really is no “perfect” insurance plan. Your situation is unique so this has to be addressed. Here are some questions about coverages that could help you determine if you could use an agent’s help.
- When should I buy a commercial auto policy?
- Does medical payments coverage apply to all occupants?
- How long can I keep a teen driver on my policy?
- I have a DUI can I still get coverage?
- What are the best liability limits?
- What if I total my Lincoln MKT and owe more than it’s worth?
- Can my babysitter drive my car?
- Am I insured when driving a different vehicle?
- Are rock-chip repairs free?
If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and you can get the answers you need.
Insurance agents can help
A lot of people would rather go talk to an agent and that can be a great decision Good insurance agents are very good at helping people manage risk and help submit paperwork. One of the great benefits of comparing insurance prices online is the fact that drivers can get cheap auto insurance quotes and also buy local. Buying from and supporting local insurance agencies is especially important in San Antonio.
After filling out this quick form, the coverage information is submitted to local insurance agents in San Antonio that can provide free San Antonio auto insurance quotes to get your business. There is no reason to contact any agents since rate quotes are delivered directly to your email. If you wish to get a rate quote for a specific company, don’t hesitate to visit that company’s website and submit a quote form there.
The difference between San Antonio auto insurance agents
When finding a reliable insurance agent, it helps to know the two different agency structures and how they can service your needs differently. Auto insurance agents are categorized either exclusive agents or independent agents. Either one can properly insure your vehicles, but it’s important to point out how they are different since it can affect your selection of an agent.
Independent Auto Insurance Agencies
Independent agencies often have many company appointments so they have the ability to put coverage through lots of different companies and get the cheapest rates. If your premiums go up, your agent can switch companies and that require little work on your part.
When comparing auto insurance prices, we highly recommend that you get some free quotes from several independent insurance agents for maximum quote selection.
Featured below is a list of independent agencies in San Antonio that may be able to give you free price quotes.
Legion Insurance Agency
5309 Wurzbach Rd – San Antonio, TX 78230 – (210) 693-1501 – View Map
Mesquite Insurance Agency
501 W Quincy St – San Antonio, TX 78212 – (210) 472-3034 – View Map
Exclusive Auto Insurance Agents
Exclusive insurance agents are contracted to one company and some examples include AAA, Allstate, and State Farm. They are unable to provide other company’s prices so always compare other rates. Exclusive agents are well trained on what they offer and that can be a competitive advantage.
Listed below are exclusive agencies in San Antonio that can give you price quotes.
Selecting a insurance agent requires more thought than just the premium amount. These questions are important to ask:
- Is the agent and/or agency licensed to do business in Texas?
- How many years have they been established?
- Where would your vehicle be repaired?
- What are the financial ratings for the companies they represent?
- Do they regularly work with personal auto policies in San Antonio?
Choosing the best MKT insurance in Texas is an important decision
Even though it’s not necessarily cheap to insure a Lincoln in San Antonio, maintaining insurance is a good idea for several reasons.
First, just about all states have minimum mandated liability insurance limits which means you are required to carry a specific minimum amount 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 bought your MKT with a loan, most lenders will require you to buy full coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank may buy a policy for your Lincoln for a lot more money and make you pay for the expensive policy.
Third, auto insurance preserves both your Lincoln and your assets. Insurance will pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of having insurance more than cancel out the cost, especially when you need to use it. In a recent study of 1,000 drivers, the average customer is overpaying over $750 every year so we recommend shopping around every year to ensure rates are inline.
Car insurance coverage breakdown
Understanding the coverages of a car insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Shown next are typical coverage types offered by car insurance companies.
Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Lincoln MKT.
Due to the fact that many Texas drivers only purchase the least amount of liability that is required (30/60/25 in Texas), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as pain medications, X-ray expenses and EMT expenses. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Liability insurance – Liability coverage protects you from injuries or damage you cause to other people or property in an accident. This insurance protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 30/60/25 that means you have a $30,000 limit per person for injuries, a per accident bodily injury limit of $60,000, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.
Liability insurance covers things like repair bills for other people’s vehicles, emergency aid, medical expenses, pain and suffering and funeral expenses. How much coverage you buy is a personal decision, but consider buying as much as you can afford. Texas state law requires minimum liability limits of 30/60/25 but you should consider buying more coverage.
The next chart shows why minimum state limits may not provide you with enough coverage.
Comprehensive coverage (or Other than Collision) – This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage protects against things like a broken windshield, damage from getting keyed, vandalism and falling objects. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Collision coverage – Collision insurance will pay to fix damage to your MKT from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision coverage protects against things like backing into a parked car, damaging your car on a curb, driving through your garage door and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible on your MKT to save money on collision insurance.
Compare rates regularly to save
Discount Lincoln MKT insurance in San Antonio can be purchased on the web and also from your neighborhood San Antonio agents, so you need to quote San Antonio auto insurance with both to get a complete price analysis. Some car insurance companies do not offer online price quotes and most of the time these smaller providers work with independent insurance agencies.
We’ve covered a lot of ways to shop for Lincoln MKT insurance online. The key concept to understand is the more companies you get prices for, the higher the chance of saving money. You may even find the best price on car insurance is with a small local company. Regional companies can often provide lower prices in certain areas as compared to the big name companies such as State Farm and Allstate.
To learn more, feel free to visit the following helpful articles:
- Frontal Crash Tests (iihs.org)
- Who Has the Cheapest Auto Insurance for Young Drivers in San Antonio? (FAQ)
- Who Has the Cheapest San Antonio Auto Insurance with Multiple Speeding Tickets? (FAQ)
- How Much is Auto Insurance for a Honda Accord in San Antonio? (FAQ)
- Who Has Affordable Car Insurance for Good Students in San Antonio? (FAQ)
- A Tree Fell on Your Car: Now What? (Allstate)
- What is Covered by GAP Insurance? (Allstate)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- Auto Crash Statistics (Insurance Information Institute)