It takes a little time, but the best way to get discount Lincoln MKS insurance in Tampa is to regularly compare price quotes from companies in Florida. This can be done by following these guidelines.
- Try to learn a little about how auto insurance works and the steps you can take to drop your rates. Many things that cause high rates like traffic violations and a negative credit history can be remedied by improving your driving habits or financial responsibility. Later in this article we will cover additional tips to help keep rates affordable and find additional discounts.
- Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from one company like GEICO or Farmers Insurance, while independent agencies can give you price quotes from many different companies.
- Compare the price quotes to your current policy to see if you can save by switching companies. If you find a lower rate, make sure coverage does not lapse between policies.
- Provide written notification to your current company to cancel your current policy and submit a completed application and payment to your new carrier. Make sure you safely store the proof of insurance certificate in your vehicle.
The most important part of this process is to make sure you’re comparing identical coverage information on each quote and and to get rate quotes from every company you can. This provides an apples-to-apples comparison and a thorough selection of prices.
Astonishing but true, 70% of consumers have been with the same company for well over three years, and about 40% of consumers have never quoted car insurance rates at all. Most drivers in Florida can save hundreds of dollars each year by just shopping around, but they just assume it’s a time-consuming process to do a rate comparison.
Auto insurance policy discounts you can’t miss
Auto insurance is not cheap nor is it fun to buy but you may qualify for discounts that you may not know about. Larger premium reductions will be automatically applied at quote time, but occasionally some discounts must be specially asked for prior to receiving the credit.
- Claim-Free Discount – Good drivers with no accidents can save substantially as opposed to bad drivers.
- Buy New and Save – Buying a new car model can get you a discount because new model year vehicles have to meet stringent safety requirements.
- Discounts for Safe Drivers – Safe drivers can save as much as half off their rates than their less cautious counterparts.
- Policy Bundle Discount – If you can combine your home and auto policy with the same insurance company you could save up to 20% off your total MKS insurance premium.
- Club Memberships – Having an affiliation with a civic or occupational organization in Tampa could trigger savings on your policy.
Don’t be surprised that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, you won’t be that lucky.
The chart below shows the difference between Lincoln MKS insurance rates with and without discounts applied to the policy premium. The rates are based on a female driver, no tickets, no at-fault accidents, Florida state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, safe-driver, homeowner, marriage, and claim-free discounts applied.
To view auto insurance companies that offer discounts in Florida, click here.
The quickest method we recommend to compare insurance rates in your area is to know the fact all the major auto insurance companies provide online access to give rate comparisons. All you need to do is provide a little information like if a SR-22 is required, your job, if the car is leased, and if you went to college. The rating information is instantly sent to many highly-rated insurers and you get price estimates almost instantly.
If you would like to compare rates now, click here then complete the form.
The car insurance companies shown below provide free rate quotes in Tampa, FL. To buy the best auto insurance in FL, it’s a good idea that you visit as many as you can to get the best price comparison.
Insurance coverage analysis
The information displayed next outlines estimates of insurance rates for Lincoln MKS models. Being aware of how insurance prices are established helps drivers make informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $348 | $758 | $400 | $24 | $120 | $1,650 | $138 |
| MKS 4-Dr Sedan | $348 | $758 | $400 | $24 | $120 | $1,650 | $138 |
| MKS Ecoboost AWD 4-Dr Sedan | $384 | $858 | $400 | $24 | $120 | $1,786 | $149 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in vehicle garaging location which can change auto insurance rates considerably.
Higher deductibles save money
The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The tables below may aid in understanding the difference in cost when you choose different policy deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $452 | $880 | $354 | $20 | $106 | $1,837 | $153 |
| MKS 4-Dr Sedan | $452 | $880 | $354 | $20 | $106 | $1,837 | $153 |
| MKS Ecoboost AWD 4-Dr Sedan | $498 | $994 | $354 | $20 | $106 | $1,997 | $166 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $330 | $594 | $354 | $20 | $106 | $1,404 | $117 |
| MKS 4-Dr Sedan | $330 | $594 | $354 | $20 | $106 | $1,404 | $117 |
| MKS Ecoboost AWD 4-Dr Sedan | $364 | $672 | $354 | $20 | $106 | $1,516 | $126 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Information does not factor in vehicle location which can change prices substantially.
Based on the above data, using a $100 deductible will cost you roughly $37 more each month or $444 annually across all Lincoln MKS models than requesting the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at a minimum 11 months between claim filings, you would come out ahead if you choose a higher deductible.
Does it make sense to buy full coverage?
The chart below shows the difference between Lincoln MKS insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The premiums assume no claims or driving violations, $500 deductibles, single status, and no additional discounts are factored in.
Should you buy full coverage or liability only?
There isn’t a steadfast formula to delete comp and collision coverage, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let’s say your Lincoln MKS replacement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after the deductible is paid. If premium cost is more than $600 a year for physical damage coverage, then it may be the right time to buy liability only.
There are some situations where eliminating full coverage is not advised. If you still owe money on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage.
Why You Might Pay Inflated Rates in Tampa
Lots of things are taken into consideration when you get a price on insurance. Some are pretty understandable like a motor vehicle report, but other criteria are more obscure such as your credit history or your vehicle rating. When buying insurance it’s important to understand the rating factors that aid in calculating your insurance rates. When you understand what impacts premium levels, this empowers consumers to make smart changes that may result in lower premium levels.
The following are most of the major factors that factor into prices.
Impacts performance impacts auto insurance rates – The make and model of the car or truck you need to insure makes a big difference in determining your rates. The lowest base rates will generally be found on small economy passenger cars, but that’s not the only thing that factors into the final price.
The chart below uses these variables: married female driver age 30, full coverage with $500 deductibles, and no discounts or violations. It compares Lincoln MKS car insurance rates compared to other vehicles that have different risk factors.
Marriage pays dividends – Being married can actually save you money on your insurance policy. Having a significant other usually means you are more financially stable and statistics prove drivers who are married are more cautious.
Consolidate policies to earn discounts – The majority of insurance companies allow lower prices to customers who consolidate policies with them in the form of a multi-policy discount. This can amount to as much as ten percent or more Even though this discount sounds good, you may still want to compare Lincoln MKS rates in Tampa to ensure the best deal.
Males tend to take more risk – Over the last 30 years, statistics show that men are more aggressive behind the wheel. However, this does not mean men are WORSE drivers than women. Both sexes cause fender benders in similar numbers, but males get into accidents with more damage. Men also receive more major tickets such as reckless driving. Male teenagers cause the most accidents and therefore have the most expensive insurance rates.
The chart below visualizes the comparison of Lincoln MKS car insurance costs for male and female drivers. The rates are based on no driving violations, no at-fault accidents, full physical damage coverage, $1,000 deductibles, drivers are single, and no policy discounts are applied.
Lincoln MKS insurance loss statistics – Insurance companies use statistical claims data to calculate a price that offsets possible losses. Vehicles that historically have higher claim frequency or loss amount will cost more for specific coverages.
The table below shows the historical loss data for Lincoln MKS vehicles. For each coverage category, the claim amount for all vehicles, regardless of manufacturer or model, is a value of 100. Values that are below 100 indicate better than average losses, while percentage numbers above 100 point to more losses or tendency to have higher losses.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lincoln MKS 4dr 2WD | 121 | 90 | 140 | 78 | 103 | |
| Lincoln MKS 4dr 4WD | 135 | 89 | 204 | 89 | ||
| Lincoln MKS Ecoboost 4dr 4WD | 139 | 93 | 153 | 87 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance can be complex
Keep in mind that when it comes to choosing coverage online or from an agent for your vehicles, there really isn’t a cookie cutter policy. Everyone’s needs are different and your auto insurance should unique, too. For instance, these questions can aid in determining if your insurance needs might need professional guidance.
- Is my trailer covered?
- Who does medical payments coverage extend to?
- Do I benefit by insuring my home with the same company?
- Should I sign the liability waiver when renting a car?
- Does my insurance cover damage caused when ticketed for reckless driving?
- How long can I keep a teen driver on my policy?
- What discounts do I qualify for?
If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk 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 auto insurance companies in your area.
Car insurance is available from local agents
A lot of people still like to go talk to an agent and that is a personal choice. One of the benefits of getting free rate quotes online is that you can obtain lower auto insurance rates but still work with a licensed agent.
To make it easy to find an agent, after completing this short form, the coverage information is immediately sent to agents in your area who want to provide quotes for your coverage. It’s much easier because you don’t need to contact any insurance agencies because quoted prices will be sent to the email address you provide. You can find lower rates without a big time investment. If you need to compare rates from one company in particular, feel free to find their quoting web page to submit a rate quote request.
Choosing an insurer shouldn’t rely on just the bottom line cost. A good agent in Tampa will have answers to these questions.
- Do the coverages you’re quoting properly cover your vehicle?
- If your car is totaled, how to they determine the replacement cost?
- Will you work with the agent or an assistant?
- Do you need full coverage on every vehicle?
- Is there a 24/7 contact number?
- How will an accident affect your rates?
Exclusive or Independent: There is a difference
If you are wanting to find a local Tampa insurance agency, there are a couple of types of insurance agents and how they can quote your rates. Insurance agencies in Tampa are classified as either independent agents or exclusive agents.
Exclusive Car Insurance Agents
Agents that elect to be exclusive can only provide pricing for a single company and some examples include State Farm, Allstate and AAA. These agents are unable to provide rate quotes from other companies so they really need to provide good service. Exclusive insurance agents are very knowledgeable on sales techniques which helps them sell insurance even at higher premiums. Drivers often buy insurance from these agents mainly due to the brand rather than having the cheapest rates.
Below is a short list of exclusive agencies in Tampa willing to provide comparison quotes.
- State Farm: Jimmy Fisher
6920 E Fowler Ave – Tampa, FL 33617 – (813) 989-2037 – View Map - Doug MacDaid – State Farm Insurance Agent
8910 N Dale Mabry Hwy #3 – Tampa, FL 33614 – (813) 935-2937 – View Map - State Farm: Jeff Ralph
11014 N Dale Mabry Hwy #501 – Tampa, FL 33618 – (813) 969-3331 – View Map
Independent Agents
Agents that choose to be independent are appointed with more than one company and that allows them to write policies through many companies and find the cheapest rate. If your premiums go up, the business is moved internally and the insured can keep the same agent. When comparison shopping, you will want to get rate quotes from a few independent agents in order to have the best price comparison. Many write coverage with smaller regional carriers which can save you money.
The following are independent agents in Tampa that can give you comparison quotes.
- Seibert Insurance Agency
5121 Ehrlich Rd #111 – Tampa, FL 33624 – (813) 960-4672 – View Map - Varney Agency | Tampa FL
5401 W Kennedy Blvd #230 – Tampa, FL 33609 – (813) 200-7261 – View Map - All Affordable Insurance Agency
7211 N Dale Mabry Hwy Suite 108 – Tampa, FL 33614 – (813) 935-5554 – View Map
If you get reasonable responses to your questions as well as an affordable premium quote, chances are good that you have found an auto insurance agent that can be relied on to provide car insurance coverage. It’s important to know that you can always terminate your policy at any point so never feel that you are permanently stuck with the car insurance policy with no way to switch.
Three good reasons to insure your MKS
Despite the potentially high cost of Lincoln MKS insurance, insurance may be required and benefits you in several ways.
- Most states have mandatory liability insurance requirements which means you are required to buy a minimum amount of liability insurance in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Lincoln, it’s most likely the lender will require that you have full coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank may buy a policy for your Lincoln at a significantly higher premium and force you to pay for the much more expensive policy.
- Insurance safeguards both your Lincoln MKS and your personal assets. It will also reimburse you for hospital and medical expenses for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance will also pay attorney fees if you cause an accident and are sued. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of having insurance are without a doubt worth the cost, especially with large liability claims. According to a recent study, the average American driver is wasting up to $800 each year so you should quote your policy with other companies at every policy renewal to make sure the price is not too high.
Auto insurance company ratings
Ending up with the best auto insurance company can be challenging considering how many different companies sell coverage in Florida. The company ratings in the lists below can help you decide which car insurance companies to look at to insure your vehicles.
| 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: Insure.com Best Car Insurance Companies
Affordable car insurance rates are possible
Some companies may not offer rate quotes online and these regional insurance providers prefer to sell through independent agencies. Budget-friendly car insurance in Tampa can be sourced online and from local insurance agents, so you should compare both in order to have the best price selection to choose from.
We just presented a lot of information how to compare Lincoln MKS insurance premium rates in Tampa. The key concept to understand is the more providers you compare, the better your comparison will be. Drivers may even discover the most savings is with an unexpected company. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate, GEICO and Progressive.
Additional information can be read at these links:
- What is Full Coverage? (Allstate)
- Who Has Affordable Auto Insurance Quotes for 18 Year Olds in Tampa? (FAQ)
- Who Has Affordable Auto Insurance Rates for Nurses in Tampa? (FAQ)
- Who Has Cheap Car Insurance for College Students in Tampa? (FAQ)
- Teen Driving Statistics (iihs.org)
- Vehicle Insurance in the U.S. (Wikipedia)