Lincoln MKT Insurance Rates in Seattle

Want to learn the secrets to finding the cheapest Lincoln MKT insurance in Seattle? If online auto insurance comparisons are new to you, it’s easy to be confused because of the huge number local agents and online companies all claiming to have the lowest rates for Lincoln MKT insurance in Seattle.

Insurance for Lincoln MKTA study showed that a large majority of drivers kept their policy with the same company for at least the last four years, and 38% of drivers have never shopped around. Consumers in the U.S. could save themselves 47% a year by just comparing quotes, but they don’t understand how simple it is to find lower-cost auto insurance rates.

If you have insurance now, you will surely be able to find the best rates using the ideas presented in this article. These techniques will help you learn how to compare rates easily. Nevertheless, Washington drivers must understand the way insurance companies sell insurance online and apply this information to your search.

Best Lincoln MKT insurance price quotes in Washington

The following companies can provide price quotes in Seattle, WA. If multiple companies are listed, it’s a good idea that you compare several of them to get the most affordable price.

Lincoln MKT Insurance Price Estimates in Seattle, WA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $232 $364 $334 $20 $100 $1,050 $88
MKT 3.7 AWD $302 $610 $350 $20 $104 $1,386 $116
Get Your Own Custom Quote Go

Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Washington minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Information does not factor in vehicle location which can lower or raise coverage rates considerably.

Full coverage versus liability-only in Seattle

The illustration below shows the difference between Lincoln MKT auto insurance rates with full coverage compared to only the Washington minimum liability coverage. The rates are based on no claims or driving violations, $500 deductibles, single female driver, and no additional discounts are factored in.

Are you wasting money paying for full coverage?

There is no set rule for eliminating full coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Lincoln MKT settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after the policy deductible has been paid. If it’s costing you more than $500 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some situations where removing full coverage is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

Rate comparison of males versus females in Seattle

The chart below illustrates the comparison of Lincoln MKT insurance prices for male and female drivers. The data assumes no violations or accidents, comprehensive and collision coverage, $100 deductibles, drivers are single, and no discounts are applied to the premium.

Policy deductibles

One of the most common car insurance questions is how high should your deductibles be. The figures shown below can help you understand the costs and benefits of buying low and high insurance deductibles. The first data table uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.

Lincoln MKT insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $286 $452 $334 $20 $100 $1,217 $101
MKT 3.7 AWD $316 $520 $334 $20 $100 $1,315 $110
Get Your Own Custom Quote Go

Lincoln MKT insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $176 $284 $334 $20 $100 $914 $76
MKT 3.7 AWD $196 $328 $334 $20 $100 $978 $82
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Washington minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rate information does not factor in the specific area where the vehicle is garaged which can influence rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you about $27 more each month or $324 every year than selecting the higher $1,000 deductible. Because you would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 28 months between claim filings, you would probably be better off by selecting a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $250 deductibles: $106
Average monthly premium for $1,000 deductibles (subtract): – $79
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

Slash rates with these eight premium slashing discounts

Car insurance is neither fun to buy or cheap, but there could be available discounts to help offset the cost. A few discounts will automatically apply when you purchase, but some need to be manually applied before they will apply.Car insurance discounts

Policy discounts save money, but some of the credits will not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears all those discounts means the company will pay you, companies wouldn’t make money that way. But all discounts will help lower your premiums.

To view providers with the best Lincoln MKT insurance discounts in Seattle in Washington, click this link.

Do I need an insurance agent?

Some people still prefer to sit down with an agent and that can be a smart move An additional benefit of comparing rates online is you may find the lowest rates but also keep your business local.

By using this short form, your coverage information is immediately sent to agents in your area who can give free rate quotes for your insurance coverage. It’s much easier because you don’t need to find an agent on your own due to the fact that quote results will go to you directly. You’ll get the best rates and a licensed agent to work with. If you want to quote rates from a particular provider, you just need to navigate to their website to submit a rate quote request.

Choosing a insurer requires you to look at more than just a cheap quote. Ask your prospective agent these questions:

Two types of car insurance agents

When looking for an insurance agent, you must know there are a couple types of insurance agents from which to choose. Auto insurance agents are classified as either exclusive agents or independent agents.

Exclusive Agencies

Agents in the exclusive channel write business for a single company and some examples include State Farm, Allstate and AAA. They are unable to shop your coverage around so it’s a take it or leave it situation. Exclusive agencies receive a lot of sales training on their products and sales techniques which helps overcome the inability to quote other rates. Some people will only buy from the same agent for years mainly due to the brand legacy instead of buying on price only.

The following is a short list of exclusive agents in Seattle who may provide you with price quote information.

View more agents

Independent Auto Insurance Agencies

Independent insurance agents are not required to write business for one company and that is an advantage because they can write policies with any number of different companies and find you cheaper rates. If you want to switch companies, they can switch companies in-house and the insured can keep the same agent.

If you need cheaper auto insurance rates, you need to compare quotes from at a minimum one independent agency to have the most options to choose from. Most also have access to lesser-known insurance companies which can be an advantage.

Below is a short list of independent insurance agencies in Seattle who can help you get comparison quotes.

View more agents

Upon receiving good feedback to any questions you may have and locked in a price quote, it’s a good possibility that you have found a car insurance agent that can adequately provide auto insurance.

Auto insurance policy specifics

Having a good grasp of auto insurance can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Insurance for medical payments

Med pay and PIP coverage pay for immediate expenses like ambulance fees, nursing services, EMT expenses and X-ray expenses. They are used to fill the gap from your health insurance program or if you do not have health coverage. It covers both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as rock chips in glass, fire damage, theft and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Auto liability insurance

Liability insurance can cover damage or injury you incur to a person or their property by causing an accident. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/10 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property.

Liability can pay for things such as repair bills for other people’s vehicles, bail bonds, pain and suffering and medical services. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible. Washington state law requires minimum liability limits of 25/50/10 but drivers should carry higher limits.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as damage to your Lincoln MKT.

Because many people only carry the minimum required liability limits (25/50/10), their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Collision coverage protection

This pays to fix your vehicle from damage resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like hitting a parking meter, colliding with another moving vehicle, rolling your car, driving through your garage door and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible on your MKT to save money on collision insurance.

Persistence is the key to cheap rates

People leave their current company for any number of reasons including poor customer service, high prices, unfair underwriting practices or denial of a claim. It doesn’t matter what your reason, choosing a new insurance company is pretty easy and you might even save some money in the process.

Budget-friendly insurance in Seattle is available online and from local agencies, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies may not have internet price quotes and these small insurance companies sell through independent insurance agencies.

We just presented some good ideas how to lower your Lincoln MKT insurance rates in Seattle. The key concept to understand is the more rate comparisons you have, the better likelihood of getting inexpensive Seattle auto insurance quotes. Consumers could even find that the biggest savings come from some of the lesser-known companies.

Other learning opportunities