2011 Lincoln MKX Car Insurance Cost – 5 Policy Discounts

Scraping up a payment for overpriced Lincoln MKX insurance can draw down your savings account and possibly require postponing other expenditures. Doing a price comparison can lower your rates and help to ensure you are getting the best deal.

Big companies like GEICO, 21st Century and Progressive continually bombard you with catchy ads and it can be hard to ignore the propoganda and take the time to shop coverage around.

Don’t miss with these five discounts

Auto insurance companies do not list every possible discount in a way that’s easy to find, so the list below gives a summary of a few of the more common and also the more inconspicuous insurance coverage savings.

  • Driver Safety – Passing a driver safety course could save 5% or more if your company offers it.
  • Theft Prevention System – Vehicles that have factory alarm systems and tracking devices help deter theft and that can save you a little bit as well.
  • Responsible Driver Discount – Accident-free drivers may save up to 50% more on MKX coverage as compared to drivers with claims.
  • Waiver for an Accident – Not really a discount, but a few companies such as Allstate and GEICO will turn a blind eye to one accident before hitting you with a surcharge if you have no claims for a specific time period.
  • Anti-lock Brake System – Cars equipped with ABS or steering control are safer to drive and will save you 10% or more.

Consumers should know that most credits do not apply to the entire cost. A few only apply to specific coverage prices like physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, you’re out of luck. Any qualifying discounts will reduce the cost of coverage.

Companies and their offered discounts are included below.

  • 21st Century includes discounts for student driver, homeowners, 55 and older, anti-lock brakes, driver training, good student, and early bird.
  • State Farm has discounts for good driver, safe vehicle, accident-free, passive restraint, Drive Safe & Save, student away at school, and Steer Clear safe driver discount.
  • AAA offers premium reductions for good student, multi-policy, education and occupation, pay-in-full, and AAA membership discount.
  • Liberty Mutual offers discounts including good student, multi-car, new vehicle discount, new move discount, teen driver discount, and safety features.
  • Progressive discounts include online quote discount, homeowner, good student, multi-policy, multi-vehicle, and continuous coverage.

Before buying, ask every insurance company what discounts are available to you. Savings may not be available in every state. To see insurers that have a full spectrum of discounts, click here.

Your situation helps dictate your coverage

When choosing the best insurance coverage coverage for your vehicles, there isn’t really a perfect coverage plan. Everyone’s situation is unique so this has to be addressed. These are some specific questions may help you determine whether you will benefit from professional help.

  • Are my friends covered when driving my 2011 Lincoln MKX?
  • Is my camper covered by my car insurance policy?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is my custom paint covered by insurance?
  • Does my 2011 Lincoln MKX qualify for pleasure use?
  • Why am I required to buy liability insurance?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area. It is quick, free and can provide invaluable advice.

Car insurance coverages and their meanings

Learning about specific coverages of car insurance helps when choosing the right coverages and the correct deductibles and limits. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on most car insurance policies.

Liability coverage – Liability insurance provides protection from damage that occurs to a person or their property that is your fault. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Some companies may use a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability insurance covers claims such as repair costs for stationary objects, medical services and funeral expenses. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford.

Collision – This coverage pays for damage to your MKX from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like crashing into a building, backing into a parked car and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Comprehensive protection – This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like vandalism, hail damage, rock chips in glass, falling objects and damage from a tornado or hurricane. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical expense coverage – Med pay and PIP coverage reimburse you for expenses for surgery, prosthetic devices, pain medications, rehabilitation expenses and EMT expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – This provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Lincoln MKX.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

More choices the merrier

Cheap 2011 Lincoln MKX insurance can be purchased online as well as from insurance agents, so you need to quote car insurance with both to get a complete price analysis. Some insurance companies may not provide price quotes online and these smaller companies sell through independent agencies.

While you’re price shopping online, never skimp on critical coverages to save a buck or two. In many instances, an accident victim reduced liability coverage limits only to discover later they didn’t have enough coverage. The aim is to find the BEST coverage at the lowest possible cost while still protecting your assets.

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