Save Money on Lincoln MKZ Insurance in Jacksonville

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Discount Lincoln MKZ insuranceHow long has it been since you sat down and looked for lower-priced Lincoln MKZ insurance in Jacksonville? Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Believe me, many Jacksonville consumers feel financially strained by their car insurance policy.

It's an obvious statement that auto insurance companies don't want their customers to go rate shopping. People who shop around for cheaper price quotes will probably move their business because they have good chances of finding good coverage at a lower price. A recent car insurance study discovered that consumers who shopped around annually saved as much as $72 a month compared to those who didn't regularly shop around.

If finding budget-friendly Lincoln MKZ insurance in Jacksonville is the reason you're reading this, then learning a little about how to shop for insurance coverage can help make the process easier and more efficient.

Steps to finding better rates for Lincoln MKZ insurance in Jacksonville

To save the most money, the best way to get cheaper Lincoln MKZ insurance in Jacksonville is to start comparing prices yearly from different companies who sell auto insurance in Florida. You can compare rates by completing these steps.

  • Step 1: Read about the coverage provided by your policy and the changes you can make to lower rates. Many policy risk factors that result in higher rates such as accidents, careless driving, and a lousy credit rating can be amended by making minor changes in your lifestyle.
  • Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from one company like GEICO or Allstate, while independent agencies can quote prices for a wide range of insurance providers.
  • Step 3: Compare the new rate quotes to your existing rates to determine if switching companies saves money. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.
  • Step 4: Give notification to your current company to cancel your existing policy and submit a signed application and payment to your new carrier. Once received, put the certificate verifying coverage in your vehicle.

The most important part of shopping around is that you'll want to make sure you compare similar coverage information on each price quote and and to get rates from as many different companies as possible. This provides an accurate price comparison and and a good selection of different prices.

Numerous car insurance companies battle for your hard-earned dollar, and because of this it can be hard to compare car insurance companies and uncover the absolute cheapest price on Lincoln MKZ insurance in Jacksonville.

You should make it a habit to get comparison quotes on a regular basis since prices are variable and change quite frequently. Just because you had the best deal on Lincoln MKZ insurance in Jacksonville a year ago a different company probably has better premium rates today. You can find a lot of wrong information about MKZ insurance on the internet, but by reading this article, you're going to learn some great ideas on how to put money back in your pocket.

If you have coverage now or just want to save money, use these techniques to get lower rates without having to cut coverage. Buying the cheapest car insurance in Jacksonville is quite easy if you know the best way to do it. Smart buyers just need to learn the best way to compare rate quotes instantly.

How You Can Control Lincoln MKZ Insurance Premiums

It's important that you understand some of the factors that play a part in calculating the level of your policy premiums. If you have some idea of what determines premiums, this empowers consumers to make smart changes that can help you get better insurance rates.

  • Insurance policy lapses increase rates - Driving without insurance is a big no-no and as a result your rates will increase for letting your insurance lapse. In addition to paying higher rates, being ticketed for driving with no insurance may result in a fine, jail time, or a revoked license.
  • Remove unneeded extra policy coverages - There are a ton of extra coverages that sound like a good idea at the time if you aren't diligent. Coverages for rental car reimbursement, better glass coverage, and additional equipment coverage are some examples. They may seem good when talking to your agent, but if they're wasting money get rid of them and save.
  • Liability coverage limits on your policy - Liability insurance provides coverage when a jury decides you are liable for causing personal injury or damage in an accident. This coverage provides for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to physical damage coverage, so do not skimp.
  • Small claims can cost you - If you file a lot of claims you can definitely plan on either policy cancellation or increased premiums. Auto insurance companies in Florida award discounts to policyholders who are claim-free. Insurance coverage is intended for larger claims.
  • Lincoln MKZ insurance loss probability - Insurers take into consideration insurance loss statistics for every vehicle to calculate a price that offsets possible losses. Models that the statistics show to have increased losses will have a higher premium rate. The table below shows the collected loss data for Lincoln MKZ vehicles.

    For each coverage category, the claim amount for all vehicles compiled together equals 100. Numbers that are below 100 suggest losses that are better than average, while percentage values above 100 point to more frequent losses or an increased chance of a larger loss.

    Car Insurance Loss Data for Lincoln MKZ Models
    Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Lincoln MKZ 4dr 2WD 137 85 107 95 89 75
    Lincoln MKZ 4dr 4WD 140 82 126 99
    Lincoln MKZ Hybrid 4dr 148 84 100 74 82 76
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Rates and detailed analysis

The premium information below highlights detailed analysis of insurance premium costs for Lincoln MKZ models. Being able to understand how insurance premiums are determined can assist in making decisions when shopping your coverage around.

Lincoln MKZ Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $254 $582 $532 $32 $160 $1,560 $130
MKZ AWD 4-Dr Sedan $254 $582 $532 $32 $160 $1,560 $130
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Premium amounts do not factor in vehicle location which can raise or lower insurance rates significantly.

Policy deductible comparison

A question often asked by Jacksonville drivers is what deductibles to buy. The premium rates below may help to conceptualize how much more rates are between low and high coverage deductibles. The first data set uses a $250 deductible and the second set of rates uses a $500 deductible.

Lincoln MKZ insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $364 $736 $472 $28 $142 $1,767 $147
MKZ AWD 4-Dr Sedan $364 $736 $472 $28 $142 $1,767 $147
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Lincoln MKZ insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $296 $594 $472 $28 $142 $1,532 $128
MKZ AWD 4-Dr Sedan $296 $594 $472 $28 $142 $1,532 $128
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Premium costs do not factor in specific location which can raise or lower insurance rates greatly.

Based on these figures, using a $250 deductible will cost you roughly $19 more each month or $228 for a full year across all Lincoln MKZ models than buying the higher $500 deductible. Since you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 13 months between claim filings, you would more than likely save some money if you choose the higher deductible.

The chart below shows how different deductible levels and can affect Lincoln MKZ insurance premiums for different age groups. The rates are based on a married female driver, comprehensive and collision coverage, and no discounts are applied.

How careless driving impacts car insurance rates

The chart below demonstrates how speeding tickets and accidents can drive up Lincoln MKZ insurance rates for different ages of insureds. The premiums assume a married male driver, full coverage, $250 deductibles, and no discounts are factored in.

Car insurance rates by age and gender

The example below visualizes the comparison of Lincoln MKZ insurance costs for male and female drivers. The price estimates are based on no accidents, no driving violations, comp and collision included, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Comparison of full coverage and liability-only policies

The example below shows the comparison of Lincoln MKZ yearly insurance costs when comparing full coverage to state minimum liability only. Data assumes no claims or violations, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

Should you buy full coverage or liability only?

There is no definitive guideline to stop buying comp and collision coverage, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of the vehicle's replacement cost less your deductible, then it might be time to buy liability only.

For example, let's pretend your Lincoln MKZ claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $5,000 after paying the physical damage deductible. If you are paying in excess of $500 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are some conditions where dropping physical damage coverage is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

Score discounts on Jacksonville auto insurance

Companies that sell car insurance don't always advertise every discount they offer very well, so the list below details a few of the more well known and also the lesser-known discounts that you may qualify for.Discount auto insurance

  • Discounts for New Vehicles - Adding a new car to your policy can cost up to 25% less due to better safety requirements for new vehicles.
  • Payment Discounts - By making one initial payment instead of paying each month you may reduce your total bill.
  • Defensive Driver Discounts - Taking a driver safety course could save 5% or more if you qualify.
  • Accident Forgiveness - This isn't a discount exactly, but a handful of insurance companies may permit one accident before raising your premiums with the catch being you have to be claim-free for a particular time prior to the accident.
  • Braking Control Discount - Anti-lock brake equipped vehicles have fewer accidents and earn discounts up to 10%.
  • Renewal Discounts - Some auto insurance companies reward drivers for switching companies prior to your current MKZ insurance policy expiring. You could save around 10% when you buy Jacksonville auto insurance online.
  • Government Employee Discount - Active or former government employment could provide a small rate reduction with some auto insurance companies.
  • Multiple Vehicles - Buying coverage for all your vehicles on one policy can get a discount for every vehicle.

One last thing about discounts, some credits don't apply to the entire policy premium. Some only apply to the cost of specific coverages such as comprehensive or collision. So when it seems like having all the discounts means you get insurance for free, you won't be that lucky.

The information below compares Lincoln MKZ insurance costs with and without some available policy discounts. Data assumes a male driver, no claims or driving citations, Florida state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, claim-free, homeowner, multi-car, and multi-policy discounts applied.

Larger auto insurance companies and some of the premium reductions they offer are included below.

  • GEICO policyholders can earn discounts including multi-vehicle, five-year accident-free, seat belt use, good student, and air bags.
  • Travelers has savings for continuous insurance, hybrid/electric vehicle, student away at school, payment discounts, save driver, home ownership, and early quote.
  • Nationwide may include discounts for family plan, Farm Bureau membership, business or organization, good student, and anti-theft.
  • Farmers Insurance offers premium reductions for electronic funds transfer, distant student, business and professional, alternative fuel, mature driver, switch companies, and teen driver.
  • Esurance may have discounts that include Pac-12 alumni, multi-policy, online quote, good driver, multi-car, and anti-lock brakes.
  • State Farm offers discounts including defensive driving training, driver's education, good driver, Drive Safe & Save, and accident-free.
  • Progressive may offer discounts for continuous coverage, online quote discount, multi-vehicle, homeowner, good student, and multi-policy.
  • Mercury Insurance has discounts for anti-theft, professional/association, low natural disaster claims, good student, and multi-car.

If you are trying to find affordable Lincoln MKZ insurance quotes, ask every prospective company to give you their best rates. Some of the discounts discussed earlier may not be offered in your state.

Quote more to save more

Discount Lincoln MKZ insurance in Jacksonville is definitely available online and from local agencies, and you should be comparing both in order to have the best chance of saving money. A few companies do not provide online quoting and these small insurance companies sell through local independent agents.

We covered quite a bit of information on how to shop for Lincoln MKZ insurance online. The most important thing to understand is the more price quotes you have, the better your comparison will be. You may even discover the lowest car insurance rates are with a small mutual company. These companies may have significantly lower premium rates on certain market segments compared to the large companies like GEICO and State Farm.

Steps to finding low-cost rates for Lincoln MKZ insurance in Jacksonville

It takes a few minutes, but the best way to get budget car insurance rates in Jacksonville is to start comparing prices yearly from insurers who provide auto insurance in Florida. Rate comparisons can be done by following these steps.

Step 1: Read about policy coverages and the measures you can take to prevent expensive coverage. Many rating factors that drive up the price like traffic violations and a less-than-favorable credit rating can be amended by making lifestyle changes or driving safer.

Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agents can give you price quotes for a wide range of companies. View companies

Step 3: Compare the new rate quotes to the price on your current policy and see if there is a cheaper rate in Jacksonville. If you find better rates and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Give proper notification to your current agent or company to cancel your current policy and submit payment and a completed application for your new policy. Immediately place the new certificate verifying proof of insurance in an accessible location in your vehicle.

A key point to remember is to try to compare the same deductibles and limits on each price quote and and to get prices from as many different insurance providers as possible. Doing this ensures an accurate price comparison and plenty of rates choose from.

More detailed insurance information can be found at these sites: