Best Insurance for a Lincoln MKX in Tampa

The best way to get cheaper car insurance rates in Tampa is to regularly compare quotes from insurers in Florida. You can compare rates by following these guidelines.

1. Learn about how insurance works and the measures you can take to prevent high rates. Many rating factors that cause rate increases like accidents, careless driving, and an unacceptable credit history can be amended by making lifestyle changes or driving safer. This article provides additional ideas to help prevent costly coverage and find overlooked discounts.
2. Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agents can give you price quotes from multiple companies.
3. Compare the new rates to your existing rates and determine if cheaper MKX coverage is available in Tampa. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.

The most important part of shopping around is that you use identical limits and deductibles on every price quote and and to get quotes from as many different insurance providers as possible. Doing this enables a level playing field and a complete rate analysis.

It goes without saying that car insurance companies don’t want their customers to go rate shopping. Drivers who shop around for cheaper price quotes will probably buy a different policy because there is a high probability of finding coverage at a cheaper rate. A recent insurance study revealed that drivers who shopped around every year saved over $72 a month compared to those who never compared rates.

If finding the best price on car insurance in Tampa is your ultimate target, then having an understanding of the best ways to find and compare auto insurance can help you succeed in saving money.

If you have auto insurance now, you will be able to get lower rates using these methods. This information will familiarize you with how car insurance works and some money-saving tips. Although Florida vehicle owners can benefit by having an understanding of the way insurance companies sell online and use it to your advantage.

First Step: Get free Lincoln MKX insurance quotes

When comparing car insurance rates, know that comparing more prices will increase your chances of finding a better price.

The car insurance companies shown below can provide price comparisons in Florida. If you want to find cheap auto insurance in Tampa, FL, we suggest you compare several of them to get a more complete price comparison.

Why you need auto insurance

Despite the potentially high cost of Lincoln MKX insurance, auto insurance is most likely required but also gives you several important benefits.

• Just about all states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability in order to license the vehicle. 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 have a loan on your Lincoln, it’s most likely the lender will have a requirement that you have physical damage coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the bank may insure your Lincoln at a significantly higher premium and require you to reimburse them the higher premium.
• Insurance safeguards both your Lincoln MKX and your assets. It will also pay for medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney in the event you are sued. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of having auto insurance more than offset the price you pay, particularly when you have a large claim. The average driver in Florida is currently overpaying as much as $800 each year so it’s recommended you shop around at least once a year to ensure rates are inline.

Insurance coverage analysis

The coverage information displayed next showcases estimates of insurance prices for Lincoln MKX models. Learning a little about how auto insurance premiums are figured can assist in making decisions on which coverage to buy.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium amounts do not factor in zip code location which can impact auto insurance rates noticeably.

Deductible comparison

One of the hardest decisions when shopping for insurance is which deductible level should you buy. The comparison tables below sum up the premium difference of buying low and high policy deductibles. The first table uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Price information does not factor in vehicle location which can decrease or increase prices greatly.

Using the data above, we can ascertain that using a $100 deductible costs about $31 more each month or $372 a year than quoting the higher $500 deductible. Since you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you have more than 13 months between claim filings, you would save money by selecting a higher deductible.

The information below highlights how deductible selection and can influence Lincoln MKX insurance rates for each age group. The price estimates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

Careless drivers pay higher rates

The chart below demonstrates how speeding tickets and at-fault claims can increase Lincoln MKX premium costs for different age groups of insureds. The price estimates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Insurance prices based on gender

The example below illustrates the comparison of Lincoln MKX auto insurance costs for male and female drivers. The price estimates are based on no claims, a clean driving record, comp and collision included, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

Do you need full coverage?

The chart below shows the comparison of Lincoln MKX insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

Should you be buying full coverage?

There is no set guideline to exclude physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Lincoln MKX settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after paying the physical damage deductible. If you are paying over $500 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where eliminating full coverage is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not remove full coverage.

Get cheaper Lincoln MKX insurance in Tampa with discounts

Some providers do not advertise their entire list of discounts in a way that’s easy to find, so the list below contains some of the best known in addition to some of the lesser obvious ways to save on car insurance.

• ABS Brakes – Cars, trucks, and SUVs with ABS and/or traction control are much safer to drive and the ABS can save up to 10%.
• Discount for Passive Restraints – Cars that have air bags can get savings of up to 25% or more.
• Senior Citizen Rates – Seniors may qualify for a small decrease in premiums.
• Discount for Life Insurance – If the company offers life insurance, you could get a small discount if you purchase some life insurance in addition to your auto policy.
• Waiver for an Accident – This one isn’t a discount, but companies like GEICO, State Farm, and Progressive will forgive one accident before they charge you more for coverage so long as you are claim-free prior to being involved in the accident.
• Claim-Free Discount – Tampa drivers who stay claim-free can save substantially in comparison with accident-prone drivers.
• Military Deployment Discount – Having a family member in the military could be rewarded with lower premium rates.
• Buy New and Save – Adding a new car to your policy is cheaper because new model year vehicles are generally safer.
• Low Miles Discount – Maintaining low annual mileage could be rewarded with slightly better prices than normal.

A little disclaimer on discounts, most credits do not apply to the whole policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that all those discounts means the company will pay you, it just doesn’t work that way.

The diagram below compares Lincoln MKX car insurance rates with and without policy discounts. The premiums are based on a female driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, safe-driver, homeowner, claim-free, and multi-car discounts applied.

A list of companies and some of their more popular discounts can be found below.

• State Farm includes discounts for safe vehicle, Drive Safe & Save, driver’s education, good student, and anti-theft.
• Progressive offers premium reductions for continuous coverage, homeowner, multi-vehicle, good student, and online signing.
• Progressive offers discounts including good student, multi-vehicle, continuous coverage, online signing, homeowner, multi-policy, and online quote discount.
• MetLife policyholders can earn discounts including defensive driver, good student, good driver, multi-policy, and claim-free.
• Farm Bureau may offer discounts for good student, multi-policy, driver training, youthful driver, renewal discount, safe driver, and 55 and retired.
• GEICO may include discounts for membership and employees, emergency military deployment, driver training, defensive driver, and daytime running lights.
• SAFECO has savings for teen safety rewards, homeowner, safe driver, anti-lock brakes, multi-car, anti-theft, and teen safe driver.

Check with all the companies the best way to save money. Some of the earlier mentioned discounts may not be offered in Tampa. To locate companies with discount car insurance rates in Florida, click here.

Everyone needs different insurance coverages

When it comes to buying coverage, there isn’t really a “best” method to buy coverage. Your financial needs are unique and a cookie cutter policy won’t apply.
For instance, these questions may help highlight if you could use an agent’s help.

• Do I need an umbrella policy?
• Do I need special endorsements for business use of my vehicle?
• Will damage be repaired with OEM parts?
• Are rental cars covered under my policy?
• Why are teen drivers so expensive to add on to my policy?
• Am I insured when driving a different vehicle?
• Am I covered if I hit someone who is not insured?
• Does car insurance cover theft of personal property?
• Can I afford to buy a different vehicle if my Lincoln MKX is totaled?
• Which companies will insure high-risk drivers?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier