Save Money on Lincoln MKX Insurance in Raleigh

Unbelievably, the majority of drivers renewed their policy with the same company for well over three years, and practically 40% of insurance customers have never compared rates from other carriers. American consumers could cut their rates by about 47% a year by just comparing rate quotes, but they feel it’s too difficult to save money by comparing rate quotes.

If you want to find the absolute lowest rates, then the best way to save on auto insurance rates is to regularly compare prices from different companies who sell insurance in Raleigh. Drivers can shop around by completing these steps.

• First, learn about auto insurance and the things you can change to keep rates in check. Many factors that are responsible for high rates such as at-fault accidents and a not-so-good credit rating can be remedied by making minor changes to your lifestyle. Keep reading for more ideas to find cheap prices and find available discounts that you may qualify for.
• Second, compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from a single company like Progressive and State Farm, while agents who are independent can quote prices from many different companies.
• Third, compare the new rate quotes to the price on your current policy and determine if cheaper MKX coverage is available in Raleigh. If you find a lower rate and change companies, make sure there is no coverage gap between policies.
• Fourth, give proper notification to your current agent or company of your intent to cancel your current auto insurance policy. Submit a down payment along with a signed application for the new coverage. Once the paperwork is finalized, place your new certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.

One thing to point out is to compare the same physical damage deductibles and liability limits on each price quote and and to analyze as many different insurance providers as possible. This ensures the most accurate price comparison and the best price quote selection.

Companies offering Lincoln MKX insurance in Raleigh

The providers in the list below have been selected to offer quotes in North Carolina. If your goal is to find the best cheap auto insurance in North Carolina, it’s a good idea that you click on several of them in order to find the most competitive rates.

Rates and data analysis

The rate information below highlights different insurance policy prices for Lincoln MKX models. Understanding how policy premiums are determined is important for you to make decisions on which insurance to purchase.

Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rates do not factor in the specific area where the vehicle is garaged which can affect coverage rates substantially.

An analysis of deductible level

One of the most common auto insurance questions is how low should you set your deductibles. The following tables outline the premium difference when you choose different insurance deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rate quotes do not factor in vehicle garaging location which can revise coverage prices substantially.

Based on the figures above, using a $100 deductible will cost you about $19 more each month or $228 for a full year than requesting the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 21 months between claims, you would come out ahead by selecting a higher deductible.

Price comparison of only insuring for liability

The chart below compares Lincoln MKX insurance costs when comparing full coverage to state minimum liability only. The premiums are based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no discounts are applied.

When to stop paying for full coverage

There is no written rule for phasing out physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s pretend your Lincoln MKX book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after you pay the deductible. If it’s costing in excess of $400 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are a few situations where removing full coverage is not a good idea. If you haven’t satisfied your loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Raleigh auto insurance discounts

Car insurance is not cheap, but you may find discounts to reduce the price significantly. Some trigger automatically at the time you complete a quote, but some must be specially asked for prior to getting the savings.

• Safety Course Discount – Completing a class that teaches defensive driving techniques is a good idea and can lower rates and make you a better driver.
• Multi-policy Discount – When you have multiple policies with one insurance company they may give you a discount of over 10 percent off each policy depending on the company.
• Accident Forgiveness – This one is not really a discount per se, but a handful of insurance companies permit an accident before raising your premiums so long as you are claim-free for a certain period of time.
• Senior Discount – Drivers that qualify as senior citizens may receive lower premium rates.
• Professional Memberships – Belonging to qualifying clubs or civic groups could earn you a nice discount on your next auto insurance statement.
• ABS Brakes – Anti-lock brake equipped vehicles can reduce accidents so you can save 10 percent or more.
• Drivers Ed for Students – It’s a good idea to have your young drivers complete a driver education course if offered at their school.

As a sidenote, most of the big mark downs will not be given to the whole policy. Most only apply to the cost of specific coverages such as medical payments or collision. Despite the fact that it seems like you can get free auto insurance, you aren’t that lucky.

The diagram below illustrates the comparison of Lincoln MKX auto insurance costs with and without discounts applied. The costs are based on a female driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, homeowner, safe-driver, and multi-policy discounts applied.

A few of the larger companies and some of the premium reductions they offer are included below.

• Progressive discounts include good student, continuous coverage, multi-policy, multi-vehicle, online signing, homeowner, and online quote discount.
• AAA has savings for multi-policy, AAA membership discount, multi-car, pay-in-full, good driver, anti-theft, and good student.
• Farmers Insurance offers premium reductions for alternative fuel, youthful driver, good student, business and professional, distant student, electronic funds transfer, and mature driver.
• GEICO may offer discounts for defensive driver, military active duty, emergency military deployment, anti-theft, multi-vehicle, driver training, and daytime running lights.
• Esurance includes discounts for multi-car, homeowner, Pac-12 alumni, paid-in-full, and safety device.
• SAFECO offers discounts for accident prevention training, multi-car, bundle discounts, anti-lock brakes, safe driver, drive less, and homeowner.
• State Farm has discounts for Drive Safe & Save, multiple autos, anti-theft, student away at school, good driver, and Steer Clear safe driver discount.

It’s a good idea to ask all the companies to give you their best rates. Some of the discounts discussed earlier might not apply in Raleigh. For a list of providers with the best discounts in Raleigh, follow this link.

When should I discuss my situation with an agent?

Always remember that when buying a policy for your vehicles, there really is not a one size fits all plan. You are unique.

For example, these questions might point out if your situation will benefit from professional help.

• I have health insurance so do I need medical payments coverage?
• Are rental cars covered under my policy?
• Why do I only qualify for high-risk insurance?
• Am I covered when driving in Canada or Mexico?
• Is my teenager covered with friends in the car?
• Is my Lincoln MKX covered for flood damage?
• If I drive on a suspended license am I covered?
• Can my teen drive my company car?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• Am I covered when renting a car or should I buy coverage from the car rental agency?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Can’t I get rate quotes from local Raleigh auto insurance agents?

A lot of people just prefer to buy from a local agent and that can be a smart move Insurance agents are trained risk managers and give you someone to call. An additional benefit of comparing rate quotes online is you can get the lowest rates but also keep your business local.

By using this form (opens in new window), your insurance coverage information gets sent to local insurance agents who will give competitive quotes to get your business. You won’t need to drive around because quoted prices will be sent directly to your email. In the event you want to quote rates from a specific company, you would need to go to their quote page to submit a rate quote request.

Finding the right provider is decision based upon more than just a cheap price quote. Any agent in Raleigh should be forthright in answering these questions:

• Will the agent or a CSR service your policy?
• Is there a Errors and Omissions policy in force?
• How is replacement cost determined on your vehicle?
• Do they offer claims assistance after hours?
• How much training do they have in personal risk management?
• Do they write coverage based solely on cost?
• Can glass repairs be made at your home?
• Which insurance companies are they affiliated with?

The best rates come from being thorough

People change insurance companies for any number of reasons including delays in paying claims, not issuing a premium refund, high prices and even extreme rates for teen drivers. It doesn’t matter what your reason, switching insurance companies is actually quite simple.

In this article, we presented a lot of techniques to get a better price on Lincoln MKX insurance in Raleigh. The key concept to understand is the more price quotes you have, the better likelihood of getting affordable Raleigh car insurance quotes. Drivers may even discover the best price on insurance is with a company that doesn’t do a lot of advertising.

When buying insurance coverage, don’t be tempted to skimp on coverage in order to save money. In many instances, an accident victim reduced collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your goal should be to get the best coverage possible at an affordable rate, but do not skimp to save money.

Even more information is available in the articles below:

• Distracted Driving (Insurance Information Institute)
• Who Has Cheap Auto Insurance for Teenage Females in Raleigh? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for Teenage Males in Raleigh? (FAQ)
• Anti-Lock Brake FAQ (iihs.org)
• If I File a Claim will My Insurance Go Up? (Insurance Information Institute)