Best Lincoln MKS Insurance in Baltimore

Insurance for Lincoln MKSReally, the only way to get cheaper Lincoln MKS insurance in Baltimore is to compare quotes annually from companies who sell auto insurance in Maryland.

The key aspect of shopping around is to use the same physical damage deductibles and liability limits on each quote request and and to get price quotes from as many companies as feasibly possible. Doing this helps ensure an apples-to-apples comparison and a complete selection of prices.

It’s an obvious assumption that car insurance companies want to prevent you from shopping around. Consumers who shop rates annually will, in all likelihood, switch to a new company because there is a significant possibility of finding good coverage at a lower price. A recent survey found that consumers who made a habit of comparing rates saved $3,500 over four years compared to drivers who never shopped around for lower prices.

If finding the best price on car insurance is why you’re reading this, understanding how to shop for coverages can help make the process easier and more efficient.

Locating the best rates in Baltimore is actually quite simple. If you are paying for car insurance now, you should be able to get lower rates using the ideas presented in this article. Although Maryland vehicle owners must know how the larger insurance companies calculate your policy premium and use it to your advantage.

Educated Choices Result in Lower Insurance Rates

A large part of saving on car insurance is knowing the different types of things that come into play when calculating the rates you pay for car insurance. If you have a feel for what positively or negatively impacts your premiums, this empowers consumers to make smart changes that can help you get much lower annual insurance costs.

When comparison shopping, there are several ways of comparing rate quotes from all the different companies. The best method to compare rates is to get quotes online.

When comparison shopping, comparing all the rates in your area increases the chance that you will find the best rates. Not every company does online price quotes, so you also need to get quotes from them, too.

The car insurance companies shown below can provide price quotes in Baltimore, MD. To get cheap auto insurance in MD, we recommend you visit as many as you can to get the best price comparison.

Lincoln MKS insurance coverage information

The premium table shown next highlights different insurance coverage prices for Lincoln MKS models. Having knowledge of how auto insurance prices are figured can help you make smart choices when comparing insurance quotes.

Lincoln MKS Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $278 $452 $452 $26 $136 $1,344 $112
MKS 4-Dr Sedan $278 $452 $452 $26 $136 $1,344 $112
MKS Ecoboost AWD 4-Dr Sedan $306 $510 $452 $26 $136 $1,430 $119
Get Your Own Custom Quote Go

Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in specific location which can increase or decrease coverage prices significantly.

Analysis of deductible levels

One of the more difficult decisions when buying auto insurance is how low should you set your deductibles. The comparison tables below lay out the differences in price of buying low and high policy deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Lincoln MKS insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $440 $856 $346 $20 $104 $1,791 $149
MKS 4-Dr Sedan $440 $856 $346 $20 $104 $1,791 $149
MKS Ecoboost AWD 4-Dr Sedan $484 $968 $346 $20 $104 $1,947 $162
Get Your Own Custom Quote Go

Lincoln MKS insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $320 $578 $346 $20 $104 $1,368 $114
MKS 4-Dr Sedan $320 $578 $346 $20 $104 $1,368 $114
MKS Ecoboost AWD 4-Dr Sedan $354 $654 $346 $20 $104 $1,478 $123
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Information does not factor in zip code location which can modify premium rates considerably.

Based on the above data, using a $100 deductible will cost you about $36 more each month or $432 each year averaged for all MKS models than requesting the higher $500 deductible. Because you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at a minimum 11 months between claims, you would come out ahead if you decide on a higher deductible. The table below shows how this calculation is made.

Average monthly premium for $100 deductibles: $153
Average monthly premium for $500 deductibles (subtract): – $117
Monthly savings from raising deductible: $36
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $36
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

One big caveat is that a higher deductible means you will have to pay more when you do file a claim. That will require some extra savings in the event you have to pay the higher deductible in order to repair your vehicle.

The diagram below illustrates how your deductible choice and can affect Lincoln MKS insurance costs for each different age category. The information is based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

Lincoln MKS insurance rates by gender

The illustration below illustrates the difference between Lincoln MKS car insurance costs for male and female drivers. The premiums assume no claims, a clean driving record, comprehensive and collision coverage, $100 deductibles, marital status is single, and no other discounts are factored in.

Should you buy full coverage?

The chart below shows the comparison of Lincoln MKS yearly insurance costs with liability coverage only compared to full coverage. The premium estimates are based on no claims or violations, $500 deductibles, drivers are not married, and no other discounts are factored in.

When to stop buying full coverage

There is no set guideline that is best for determining when to drop full coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Lincoln MKS claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If it’s costing in excess of $400 a year for your policy with full coverage, then you may want to consider only buying liability coverage.

There are some conditions where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

Three good reasons to insure your Lincoln MKS

Despite the high cost, paying for insurance is required for several reasons.

The benefits of having insurance are without a doubt worth the cost, especially with large liability claims. The average driver in America is wasting up to $830 a year so compare rate quotes every year to make sure the price is not too high.

Car insurance discounts help lower rates for Lincoln MKS insurance in Baltimore

Companies don’t always list every policy discount in a way that’s easy to find, so we took the time to find a few of the more well known and also the more inconspicuous ways to save on car insurance.Cheaper car insurance with discounts

A little note about advertised discounts, most discounts do not apply to all coverage premiums. The majority will only reduce specific coverage prices like comp or med pay. Just because it seems like it’s possible to get free car insurance, it doesn’t quite work that way. Any qualifying discounts will reduce your premiums.

The illustration below shows the difference between Lincoln MKS yearly insurance costs with and without some available policy discounts. The premiums are based on a female driver, no driving violations, no at-fault accidents, Maryland 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 marriage, multi-car, safe-driver, homeowner, claim-free, and multi-policy discounts applied.

A few popular companies and some of their more popular discounts are detailed below.

Before purchasing a policy, check with each insurance company how many discounts you can get. Depending on the company, some discounts might not be offered in your state. To find car insurance companies with discount car insurance rates in Maryland, click here.

Local Baltimore insurance agents and car insurance

Many people just want to talk to a local agent and often times that is recommended One of the best bonuses of comparing car insurance online is the fact that you can find better rates and still have an agent to talk to.

Baltimore insurance agentsTo make it easy to find an agent, after completing this form (opens in new window), the coverage information is transmitted to local insurance agents that can provide free Baltimore car insurance quotes for your insurance coverage. You won’t even need to even leave your home due to the fact that quote results will go directly to you. You can get cheaper car insurance rates AND an agent nearby. If you have a need to quote rates from a particular provider, you can always go to their quote page and fill out their quote form.

Choosing the best insurer should depend on more than just a cheap price quote. The following questions are important to ask.

Choose an insurance agent wisely

If you are searching for an insurance agent, it’s helpful to know the different agency structures that you can choose from. Car insurance agents may be either independent or exclusive depending on the company they work for.

Exclusive Insurance Agencies

These type of agents can only place business with one company such as Farmers Insurance and State Farm. Exclusive agents cannot provide other company’s prices so always compare other rates. They are very knowledgeable on their products and sales techniques which helps overcome the inability to quote other rates. Some people will only use the same exclusive agent mostly because of the prominence of the brand rather than having the cheapest rates.

Below is a short list of exclusive insurance agencies in Baltimore willing to provide price quote information.

More Baltimore agents

Independent Car Insurance Agencies

Agents in the independent channel do not write with just one company so they have the ability to put coverage with many different companies and potentially find a lower price. If prices rise, they simply move the coverage in-house and you don’t have to find a new agent. When shopping rates, it’s recommended you compare quotes from several independent agencies to have the best price comparison. Most also have access to additional companies that you may not be familiar with that many times have cheaper rates.

The following are independent insurance agents in Baltimore that are able to give price quotes.

More Baltimore agents

How to find a good Baltimore auto insurance company

Choosing the highest-rated company is difficult considering how many companies are available to choose from in Baltimore. The company information below could help you choose which insurers you want to consider putting your business with.

Best Auto Insurance Companies in Maryland
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
Compare Rates Now Go

Data Source: Best Car Insurance Companies

Quote more and you will save more

We covered quite a bit of information on how to reduce Lincoln MKS insurance premium rates online in Baltimore. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Drivers may even discover the best premium rates are with a lesser-known regional company.

Some insurance providers may not offer online price quotes and many times these small, regional companies prefer to sell through independent insurance agents. Lower-priced insurance in Baltimore is attainable on the web in addition to many Baltimore insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates.

Insureds change insurance companies for a variety of reasons including poor customer service, denial of a claim, policy cancellation and unfair underwriting practices. It doesn’t matter why you want to switch finding a new insurance company is actually quite simple.

Additional information can be found below: