Car Insurance Quotes for a Lincoln MKT in Tampa

Finding low-cost insurance for a Lincoln MKT in Florida can be difficult, but you can learn the following methods and make it easy. There are both good and bad ways to find auto insurance online and we’ll show you the absolute fastest way to compare rates on a Lincoln and obtain the best price possible either online or from Tampa insurance agents.

The quickest method to compare car insurance rates for Lincoln MKT insurance in Tampa utilizes the fact all the major auto insurance companies participate in a system to compare their rates. To get started, all you need to do is spend a couple of minutes providing details such as driver details, how much school you completed, if the car is leased, and types of safety features. The rating information is then sent to multiple different insurance companies and you will get price comparisons with very little delay.

If you would like to compare rates now, click here and enter the information requested.

The following companies offer price comparisons in Florida. If you want cheap car insurance in Tampa, we recommend you visit two to three different companies to get the cheapest price.

Lincoln MKT insurance charts and tables

The premium information below covers a range of insurance premium costs for Lincoln MKT models. Having knowledge of how policy premiums are determined is important for drivers to make smart choices when comparing insurance rates.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Prices do not factor in your specific Tampa location which can revise price quotes noticeably.

How high should deductibles be?

One of the more difficult decisions when buying car insurance is what deductibles to buy. The rates shown below summarize the differences in premium rates of buying low and high comp and collision deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second price grid uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Table data does not factor in zip code location which can modify premiums greatly.

Based on these figures, using a $100 deductible costs an average of $35 more each month or $420 every year across all Lincoln MKT models than quoting the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you usually have more than 11 months between claims, you would come out ahead if you opt for a higher deductible.

Impact of careless driving on car insurance rates

The diagram below illustrates how violations and at-fault accidents can influence Lincoln MKT car insurance costs for different ages of insureds. The data is based on a single female driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.

Car insurance prices based on gender

The diagram below shows the difference between Lincoln MKT insurance premiums for male and female drivers. The prices are based on a clean driving record, no claims, comprehensive and collision coverage, $100 deductibles, drivers are single, and no discounts are factored in.

Difference between full coverage and liability only rates

The diagram below shows the comparison of Lincoln MKT auto insurance costs with and without physical damage coverage. The rates are based on no accidents, no driving violations, $100 deductibles, single status, and no discounts are factored in.

When to eliminate full coverage

There is no set rule that is best for determining when to drop physical damage insurance, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s say your Lincoln MKT settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after the policy deductible has been paid. If you are currently paying more than $200 a year for your policy with full coverage, then you may want to consider only buying liability coverage.

There are a few cases where buying only liability insurance is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage.

Cheaper rates with these discounts

Companies don’t always advertise their entire list of discounts in a way that’s easy to find, so the list below gives a summary of both the well known and also the more inconspicuous discounts you could be receiving when you buy Tampa car insurance online.

• Own a Home and Save – Simply owning a home can earn you a little savings because owning a home means you have a higher level of financial diligence.
• ABS Braking Discount – Cars, trucks, and SUVs with ABS and/or traction control can reduce accidents and the ABS can save up to 10%.
• Paperless Signup – A few larger online companies may give you up to $50 for buying a policy and signing up on the web.
• Accident-Free Discounts – Claim-free drivers can earn big discounts when compared with drivers with a long claim history.
• Resident Student – Kids who attend college more than 100 miles from Tampa and won’t have access to an insured vehicle could qualify for this discount.
• Military Rewards – Having a deployed family member may qualify for rate reductions.

Drivers should understand that many deductions do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates adding up those discounts means a free policy, companies don’t profit that way.

The chart below visualizes the comparison of Lincoln MKT car insurance costs with and without discounts. The price estimates are based on a male driver, no driving violations, no at-fault accidents, Florida 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 safe-driver, multi-car, claim-free, homeowner, marriage, and multi-policy discounts applied.

A few of the larger companies and their offered discounts can be read below.

• Esurance discounts include anti-lock brakes, homeowner, paid-in-full, online quote, emergency road assistance, multi-car, and claim free.
• The Hartford includes discounts for vehicle fuel type, good student, bundle, air bag, and anti-theft.
• AAA offers premium reductions for education and occupation, good driver, good student, pay-in-full, multi-policy, and multi-car.
• GEICO has discounts for federal employee, multi-vehicle, five-year accident-free, driver training, and anti-lock brakes.
• State Farm offers discounts including Drive Safe & Save, student away at school, Steer Clear safe driver discount, good student, multiple autos, good driver, and accident-free.

When quoting, ask each company the best way to save money. Some of the discounts discussed earlier may not be offered in Tampa. To view insurance companies with discount insurance rates in Tampa, follow this link.

Why car insurance is not optional

Despite the fact that car insurance is not cheap in Tampa, maintaining insurance may be required and benefits you in several ways.

• The majority of states have mandatory liability insurance requirements which means you are required to carry specific limits of liability insurance if you don’t want to risk a ticket. 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 bought your MKT with a loan, most lenders will stipulate that you carry insurance to protect their interest in the vehicle. If you do not keep the policy in force, the lender may insure your Lincoln at an extremely high rate and force you to reimburse them for the expensive policy.
• Car insurance preserves both your vehicle and your assets. Insurance will also pay for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability insurance also pays expenses related to your legal defense in the event you are sued. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of buying enough insurance more than cancel out the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver overpays more than $855 a year so it’s recommended you shop around at every policy renewal to ensure rates are inline.

Shop online but buy locally

Some people just want to sit down with an agent. Agents are trained risk managers and help submit paperwork. A good thing about price shopping on the web is that you can obtain cheap auto insurance quotes and still choose a local agent.

To find an agent, once you fill out this short form, the quote information is instantly submitted to insurance agents in Tampa who will give you bids for your coverage. You never need to drive around because quoted prices will be sent instantly to you. If you wish to compare rates for a specific company, don’t hesitate to go to their quote page and give them your coverage information.

Deciding on a provider shouldn’t rely on just the quoted price. Any agent in Tampa should be forthright in answering these questions:

• How long has their agency been in business in Tampa?
• Is their price quote a firm figure or are their hidden costs?
• Is the agent properly licensed in Florida?
• Will your rates increase after a single accident?
• Do they review policy coverages at every renewal?
• Do you have coverage for a rental car if your vehicle is in the repair shop?