To save the most money, the best way to get affordable Lincoln MKZ insurance in Cincinnati is to regularly compare prices from different companies who provide auto insurance in Ohio.
- First, gain an understanding of what is in your policy and the things you can control to keep rates in check. Many rating criteria that result in higher rates such as speeding tickets, accidents and a substandard credit history can be rectified by making minor driving habit or lifestyle changes. Continue reading for the details to help prevent high rates and find additional discounts you may qualify for.
- Second, request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from a single company like GEICO and State Farm, while agents who are independent can provide price quotes from many different companies.
- Third, compare the new rate quotes to your existing coverage to see if a cheaper rate is available. If you find a better price and buy the policy, make sure there is no lapse in coverage.
- Fourth, notify your company or agent to cancel your current car insurance policy. Submit the completed application along with a down payment to the new insurer. Once the application is submitted, put the certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.
A key point to remember is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on every quote and and to compare as many auto insurance providers as possible. This enables a level playing field and maximum price selection.
It’s an obvious statement that auto insurance companies don’t want customers comparing rates. Consumers who perform rate comparisons are likely to switch to a new company because there is a good chance of finding lower rate quotes. A survey found that people who made a habit of comparing rates saved an average of $850 each year compared to those who never compared other company’s rates.
If finding low prices for Lincoln MKZ insurance is your objective, then learning about the best ways to shop for insurance premiums can save money and time.
If you already have coverage or want to find a cheaper company, you will benefit by learning to lower your rates without sacrificing coverage. Finding quotes for affordable car insurance policy in Cincinnati is not as hard as you think. Vehicle owners just need to know the most efficient way to quote multiple rates online.
Rates and data analysis
The table displayed below outlines estimates of insurance premium costs for Lincoln MKZ models. Learning more about how insurance prices are determined can be of help when making smart choices when choosing a car insurance company.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MKZ 4-Dr Sedan||$94||$210||$242||$14||$72||$632||$53|
|MKZ AWD 4-Dr Sedan||$94||$210||$242||$14||$72||$632||$53|
|Get Your Own Custom Quote Go|
Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Table data does not factor in the specific area where the vehicle is garaged which can increase or decrease rates noticeably.
Male drivers versus female drivers
The diagram below shows the comparison of Lincoln MKZ car insurance costs for male and female drivers. The premium estimates are based on no tickets, no at-fault accidents, full physical damage coverage, $100 deductibles, drivers are not married, and no additional discounts are factored in.
Comparison of full coverage and liability-only policies
The example below shows the difference between Lincoln MKZ auto insurance costs when comparing full coverage to state minimum liability only. The prices are based on no claims or violations, $250 deductibles, single status, and no policy discounts are applied.
Guidelines for dropping full coverage
There isn’t a steadfast formula that is best for determining when to drop physical damage coverage, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your Lincoln MKZ replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $8,000 after the policy deductible has been paid. If you are paying over $800 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are a few cases where eliminating full coverage is not advised. If you haven’t satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.
Cincinnati insurance discounts for a Lincoln MKZ
The price of auto insurance can be rather high, but you can get discounts that many consumers don’t even know exist. Certain reductions will be credited when you quote, but occasionally some discounts must be asked for before you get the savings.
- Seat Belt Discounts – Buckling up and requiring all passengers to buckle up before driving could cut 10% or more off the medical payments premium.
- Passive Restraints – Options like air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
- Clubs and Organizations – Joining qualifying employment or professional organizations is a good way to get lower rates on your bill.
- Multi-Vehicle Discounts – Buying coverage for multiple vehicles with the same company qualifies for this discount.
- Anti-lock Brakes – Cars, trucks, and SUVs that have anti-lock braking systems prevent accidents and the ABS can save up to 10%.
- Discounts for Government Workers – Simply working for the federal government can earn a discount up to 10% but check with your company.
- Online Discount – Some of the larger companies will discount your bill up to fifty bucks shop Cincinnati car insurance on their website.
As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as comp or med pay. Despite the appearance that all the discounts add up to a free policy, that’s just not realistic.
The chart below illustrates the difference between Lincoln MKZ insurance costs with and without some available policy discounts. The premiums assume a female driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, claim-free, multi-policy, and marriage discounts applied.
If you would like to choose from a list of insurance companies that offer the discounts shown above in Ohio, follow this link.
Coverages available on your policy
Having a good grasp of a insurance policy helps when choosing the best coverages for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement. Listed below are typical coverages found on the average insurance policy.
Coverage for liability
Liability coverage can cover damages or injuries you inflict on other’s property or people in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.
Liability can pay for things like legal defense fees, medical services and structural damage. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford. Ohio requires drivers to carry at least 25/50/25 but you should think about purchasing better liability coverage.
The illustration below shows why buying minimum limits may not provide you with enough coverage.
Insurance for medical payments
Med pay and PIP coverage pay for short-term medical expenses like EMT expenses, chiropractic care and pain medications. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. It covers both the driver and occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
Comprehensive coverage (or Other than Collision)
Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims like hitting a bird, a tree branch falling on your vehicle, theft, fire damage and hail damage. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Lincoln MKZ.
Since many Ohio drivers only carry the minimum required liability limits (25/50/25 in Ohio), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally the UM/UIM limits are set the same as your liability limits.
Collision coverage will pay to fix damage to your MKZ caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as rolling your car, colliding with a tree and driving through your garage door. This coverage can be expensive, so consider removing coverage from older vehicles. You can also raise the deductible on your MKZ to get cheaper collision coverage.
Quote more to save more
When searching for inexpensive Cincinnati car insurance quotes, don’t be tempted to buy less coverage just to save a little money. In many cases, someone dropped collision coverage and learned later that the small savings ended up costing them much more. The goal is to buy enough coverage for the lowest cost.
In this article, we covered some good ideas how you can lower your Lincoln MKZ insurance premium rates in Cincinnati. It’s most important to understand that the more you quote Cincinnati car insurance, the better likelihood of getting affordable Lincoln MKZ insurance quotes. Drivers may even discover the lowest premium rates come from a lesser-known regional company. These companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate or State Farm.
To read more, feel free to browse these articles:
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- How Much are Cincinnati Car Insurance Rates for Business Use? (FAQ)
- What Car Insurance is Cheapest for Drivers with Good Credit in Cincinnati? (FAQ)
- Car Insurance: When not to Skimp (BankRate.com)
- Learn About Car Insurance (GEICO)
- Safe Vehicles for Teens (iihs.org)