Car Insurance Rates for a Lincoln MKZ in Baltimore

Discount Lincoln MKZ insuranceShockingly, almost 70% of insureds have been with the same company for a minimum of four years, and about 40% of consumers have never compared quotes from other companies. The average driver in Maryland can save almost $800 each year just by getting comparison quotes, but they don’t want to take the time to go online and compare rates.

Truthfully, the best way to save money on car insurance rates in Baltimore is to start comparing prices regularly from companies in Maryland. Price quotes can be compared by following these guidelines.

One thing to remember is to try to use the same deductibles and limits on every quote request and and to get quotes from as many companies as feasibly possible. Doing this ensures an accurate price comparison and a good representation of prices.

If you currently have a car insurance policy, you will be able to reduce the price you pay using these techniques. Finding the cheapest insurance coverage in Baltimore can be easy if you know a few tricks. Nevertheless, Maryland drivers need to learn the way insurance companies compete online because it varies considerably.

Companies offering Lincoln MKZ insurance in Baltimore

The providers in the list below are our best choices to provide quotes in Maryland. If you wish to find cheap auto insurance in Baltimore, it’s a good idea that you compare several of them to find the cheapest auto insurance rates.

Rates and information analytics

The premium table displayed below covers detailed analysis of insurance prices for Lincoln MKZ models. Having a good grasp of how rate quotes are formulated can assist in making smart choices when comparing insurance rates.

Lincoln MKZ Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $394 $882 $620 $36 $186 $2,118 $177
MKZ AWD 4-Dr Sedan $394 $882 $620 $36 $186 $2,118 $177
Get Your Own Custom Quote Go

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in zip code location which can decrease or increase auto insurance rates greatly.

Raise deductibles and save

When buying car insurance, a common question is how high should your deductibles be. The rates below illustrate the rate fluctuation between low and high insurance deductibles. The first pricing table uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.

Lincoln MKZ insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $354 $718 $458 $28 $138 $1,721 $143
MKZ AWD 4-Dr Sedan $354 $718 $458 $28 $138 $1,721 $143
Get Your Own Custom Quote Go

Lincoln MKZ insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $218 $452 $458 $28 $138 $1,294 $108
MKZ AWD 4-Dr Sedan $218 $452 $458 $28 $138 $1,294 $108
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can change auto insurance rates noticeably.

We can derive from the above data that using a $250 deductible costs an average of $35 more each month or $420 every year than selecting the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 21 months between claims, you would probably be better off going with the higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $143
Average monthly premium for $1,000 deductibles (subtract): – $108
Monthly savings from raising deductible: $35
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

An important thing to remember is that increasing deductibles to lower your rates results in more money out-of-pocket when you have to file a claim. You must have some money saved in order to pay the higher deductible.

Accidents and violations increase rates

The information below demonstrates how citations and at-fault collisions can raise Lincoln MKZ insurance premiums for different age groups. The data assumes a married female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.

Lincoln MKZ annual premiums for males versus females

The illustration below visualizes the comparison of Lincoln MKZ insurance rates for male and female drivers. The price estimates are based on no claims or driving citations, full physical damage coverage, $100 deductibles, drivers are single, and no policy discounts are applied.

How You Can Control Lincoln MKZ Insurance Premiums

A large part of saving on car insurance is knowing the factors that help determine your policy premiums. If you have a feel for what determines premiums, this helps enable you to make changes that could help you find cheaper rates. Many different elements are part of the calculation when premium rates are determined. Some factors are common sense like your driving record, although others are less apparent such as whether you are married or how safe your car is.

The items below are some of the most rate-impacting factors used by insurance companies to determine prices.

Cheaper rates with these rate reducing discounts

Some insurance providers don’t list all their discounts in a way that’s easy to find, so we researched some of the best known as well as the least known credits available to bring down your rates.Cheaper car insurance with discounts

A quick disclaimer, most of the big mark downs will not be given to the whole policy. Most only cut individual premiums such as collision or personal injury protection. Just because you may think adding up those discounts means a free policy, companies don’t profit that way.

The information below illustrates the difference between Lincoln MKZ car insurance rates with and without discounts applied to the premium. The premium estimates are based on a female driver, no tickets, no at-fault accidents, Maryland state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, multi-policy, homeowner, and multi-car discounts applied.

Some companies that may offer policyholders most of these discounts possibly include:

Before purchasing a policy, check with each insurance company which credits you are entitled to. Some credits might not be offered in your area.

Insurance agencies can help

Some people just prefer to have an agent’s advice and that is a personal choice. An additional benefit of comparing insurance prices online is that drivers can save money and get cheaper car insurance rates and still have a local agent. Buying from and supporting local agents is still important in Baltimore.

Insurance agents in BaltimoreBy using this form (opens in new window), your information is instantly submitted to local insurance agents who will give you quotes for your auto insurance coverage. It simplifies rate comparisons since you won’t have to leave your house because prices are sent to the email address you provide. You can find better rates AND an agent nearby. If you wish to get a rate quote from one company in particular, just visit that company’s website and fill out the quote form the provide.

Finding the right insurer requires you to look at more than just the price. These are some questions your agent should answer.

In the end, you can save money

When shopping online for car insurance, make sure you don’t reduce needed coverages to save money. In many instances, consumers will sacrifice liability coverage limits only to regret that the few dollars in savings costed them thousands. The ultimate goal is to buy the best coverage you can find at the best possible price while not skimping on critical coverages.

A few companies may not have rate quotes online and these regional insurance providers work with independent insurance agencies. Affordable Lincoln MKZ insurance in Baltimore can be found from both online companies and from local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.

Additional car insurance information can be found at these links: