If saving money is your primary concern, then the best way to find cheaper quotes for auto insurance rates is to regularly compare prices from insurance carriers that sell auto insurance in New Orleans. This can be done by following these guidelines.
- First, read and learn about policy coverages and the modifications you can make to prevent high rates. Many rating factors that result in higher prices such as careless driving and an imperfect credit score can be improved by being financially responsible and driving safely.
- Second, request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or State Farm, while independent agents can provide price quotes for many different companies.
- Third, compare the quotes to the price on your current policy to see if a cheaper rate is available in New Orleans. If you find a lower rate, verify that coverage does not lapse between policies.
A tip to remember is to use the same physical damage deductibles and liability limits on each price quote and and to look at as many auto insurance providers as possible. Doing this guarantees an accurate price comparison and many rates to choose from.
Unbelievable but true according to a study over 70% of consumers have stayed with the same insurance company for at least four years, and roughly 40% of drivers have never compared rates with other companies. With the average premium in Louisiana being $2,857, drivers can save hundreds of dollars each year just by getting comparison quotes, but they don’t believe the large savings they would see if they moved their coverage to a different company.
Finding the cheapest coverage in New Orleans can be easy if you know a few tricks. If you have a policy now, you will most likely be able to reduce the price you pay using this strategy. But Louisiana drivers do need to know how big insurance companies calculate your insurance rates and apply this information to your search.
Cheapest Lincoln MKS insurance quotes in New Orleans
To get cheaper New Orleans auto insurance quotes, there a variety of ways to compare quotes from many different Louisiana insurance companies. The best method to do a complete rate comparison is simply to get online rate quotes.
Getting free price quotes online is quite simple, and it replaces the need to spend time driving to all the different New Orleans insurance agencies. Shopping for car insurance online can eliminate the need for a local agent unless you require the guidance that only an agent can give. If you prefer, some companies allow you to comparison shop online and have a local agent actually service the policy.
When comparison shopping, comparing more prices helps improve the odds of finding the best price.
The following companies offer price quotes in Louisiana. To get cheap auto insurance in New Orleans, we suggest you compare several of them to get the best price comparison.
Insurance just makes sense
Despite the fact that insurance is not cheap in New Orleans, maintaining insurance may be mandatory for several reasons.
- Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability insurance if you drive a vehicle. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Lincoln has a loan, almost every bank will force you to buy full coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the bank will be required to insure your Lincoln for a much higher rate and require you to reimburse them the higher premium.
- Insurance protects both your Lincoln and your assets. It will also reimburse you for most medical and hospital costs for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if you are sued as the result of an accident. If damage is caused by hail or an accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance outweigh the cost, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer overpays more than $865 each year so compare quotes from several companies each time the policy renews to ensure rates are competitive.
Lincoln MKS insurance coverage information
The data table displayed below highlights a range of rate quotes for Lincoln MKS models. Knowing how auto insurance prices are determined can assist in making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $360 | $762 | $478 | $28 | $144 | $1,772 | $148 |
| MKS 4-Dr Sedan | $360 | $762 | $478 | $28 | $144 | $1,772 | $148 |
| MKS Ecoboost AWD 4-Dr Sedan | $396 | $862 | $478 | $28 | $144 | $1,908 | $159 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Premium amounts do not factor in New Orleans location which can modify coverage rates substantially.
Raise deductibles and save
A question often asked by New Orleans drivers is the level to set your comp and collision deductibles. The comparison tables below summarize the difference in cost when you select higher and lower deductibles. The first set of prices uses a $100 physical damage deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $502 | $980 | $394 | $24 | $118 | $2,043 | $170 |
| MKS 4-Dr Sedan | $502 | $980 | $394 | $24 | $118 | $2,043 | $170 |
| MKS Ecoboost AWD 4-Dr Sedan | $554 | $1108 | $394 | $24 | $118 | $2,223 | $185 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $278 | $516 | $394 | $24 | $118 | $1,330 | $111 |
| MKS 4-Dr Sedan | $278 | $516 | $394 | $24 | $118 | $1,330 | $111 |
| MKS Ecoboost AWD 4-Dr Sedan | $308 | $584 | $394 | $24 | $118 | $1,428 | $119 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in the specific area where the vehicle is garaged which can modify price quotes significantly.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $61 more each month or $732 each year averaged for all MKS models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 15 months between claims, you would save money if you opt for a higher deductible. Here’s an example of how we made this calculation.
| Average monthly premium for $100 deductibles: | $175 |
| Average monthly premium for $1,000 deductibles (subtract): | – $114 |
| Monthly savings from raising deductible: | $61 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $61 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 15 months |
The information below demonstrates how choosing different deductibles and can influence Lincoln MKS annual premium costs for each different age group. The premiums are based on a married male driver, full physical damage coverage, and no discounts are applied.
Cautious New Orleans drivers save money
The illustration below highlights how speeding tickets and fender-benders impact Lincoln MKS insurance premiums for different insured age categories. The costs are based on a married female driver, full coverage, $500 deductibles, and no additional discounts are factored in.
Rate difference between full and liability-only coverage
The example below shows the difference between Lincoln MKS yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on a clean driving record, no claims, $1,000 deductibles, single marital status, and no discounts are factored in.
When to stop paying for full coverage
There is no exact formula to stop buying full coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Lincoln MKS book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after you pay the deductible. If you are paying more than $200 annually to have full coverage, then it may be the right time to buy liability only.
There are some situations where eliminating full coverage is not recommended. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Take policy discounts and save on Lincoln MKS insurance in New Orleans
Some insurers do not list all available discounts in an easy-to-find place, so the list below gives a summary of some of the best known as well as some of the hidden discounts that may be available.
- Driver Training Discounts – Taking part in a defensive driving course could possibly earn you a 5% discount and easily recoup the cost of the course.
- Telematics Discount – Insureds who allow driving data submission to study where and when they drive remotely like In-Drive from State Farm and Progressive’s Snapshot may get a rate reduction if they show good driving skills.
- Paperwork-free – Some of the larger companies will discount your bill up to fifty bucks for signing up on the internet.
- Pay Now and Pay Less – If paying your policy premium upfront rather than spreading payments over time you can actually save on your bill.
- Mature Driver Discount – Drivers over the age of 55 may receive a discount up to 10%.
Don’t be surprised that some credits don’t apply to the whole policy. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like you can get free auto insurance, you aren’t that lucky.
The illustration below illustrates the comparison of Lincoln MKS insurance premiums with and without discounts applied to the premium. The rate quotes are based on a female driver, no driving violations, no at-fault accidents, Louisiana state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, safe-driver, claim-free, and marriage discounts applied.
Insurance companies that possibly offer these benefits include:
If you need affordable Lincoln MKS insurance quotes, ask every insurance company which discounts they offer. Depending on the company, some discounts may not be available in your state. To find insurance companies that offer the discounts shown above in New Orleans, click here.
Compare prices but buy from a local neighborhood New Orleans car insurance agent
Many people still prefer to talk to an insurance agent and that can be a smart move One of the great benefits of getting free rate quotes online is you can get cheap rate quotes and still buy from a local agent.
Upon completion of this simple form, your insurance coverage information is sent to agents in your area who want to provide quotes for your coverage. It simplifies rate comparisons since you won’t have to contact any agents since rate quotes are delivered directly to you. You can get cheaper insurance rates and an insurance agent to talk to. If you want to compare rates from a particular provider, you would need to visit that company’s website and complete a quote there.
Finding the right company shouldn’t rely on just the quoted price. Before buying a policy in New Orleans, get answers to these questions.
- Do they offer claims assistance after hours?
- Can glass claims be handled at your home?
- How are claims handled?
- Will the company cover a rental car if your car is getting fixed?
- How many years of experience in personal auto insurance do they have?
- Is the agent properly licensed in Louisiana?
- Are they in the agency full-time?
If you are wanting to purchase insurance from a reputable insurance agent or broker, it can be helpful to understand the different types of agents and how they operate. Insurance agencies can be classified as either independent or exclusive.
Exclusive Insurance Agencies
Agents that elect to be exclusive have only one company to place business with like State Farm, Allstate, and Farm Bureau. They generally cannot compare other company’s rates so if the price isn’t competitive there isn’t much they can do. They are usually well trained on sales techniques and that can be a competitive advantage.
Listed below are exclusive agencies in New Orleans who may provide you with price quotes.
Chase Dardar – State Farm Insurance Agent
6301 S Claiborne Ave – New Orleans, LA 70125 – (504) 861-4529 – View Map
Allstate Insurance: Rene Manfre
13040 I- 10 Service Rd – New Orleans, LA 70128 – (504) 218-1586 – View Map
Andy Bowden – State Farm Insurance Agent
6325 Elysian Fields Ave a – New Orleans, LA 70122 – (504) 288-2219 – View Map
Independent Agencies or Brokers
Independent agencies are appointed with more than one company so as a result can place your coverage through many companies and possibly get better coverage at lower prices. To move your coverage to a new company, your agent can just switch to a different company and the insured can keep the same agent.
If you are comparing insurance prices, it’s recommended you get rate quotes from multiple independent agents to get the best comparison.
Shown below are New Orleans independent agents that are able to give rate quotes.
Integra Insurance in Baton Rouge, Shreveport and New Orleans | Texas and Louisiana Insurance Agents
2750 Lake Villa Dr #305 – Metairie, LA 70002 – (877) 969-3026 – View Map
Bob Swanson Insurance
824 Elmwood Park Blvd #295 – New Orleans, LA 70123 – (504) 734-0305 – View Map
Olympus Insurance Agency
101 W Robert E Lee Blvd #405 – New Orleans, LA 70124 – (504) 535-7755 – View Map
Car insurance is unique, just like you
Always keep in mind that when comparing proper insurance coverage for your personal vehicles, there really is no one size fits all plan. Every insured’s situation is different so your insurance needs to address that.
For example, these questions may help highlight if your situation may require specific advice.
- Do they offer discounts for home and auto coverage?
- What is the minimum liability in Louisiana?
- Are all vehicle passengers covered by medical payments coverage?
- Do I need PIP coverage since I have good health insurance?
- When should I remove my kid from my policy?
- Am I missing any policy discounts?
- When can I cancel my policy?
- Is my camper covered for physical damage?
- What is roadside assistance coverage?
- Do I need replacement cost coverage?
If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.
Shop around and save
You just read many tips how you can shop for Lincoln MKS insurance online. The key concept to understand is the more companies you get prices for, the better your chances of lowering your prices. You may even discover the most savings is with the smaller companies. Smaller companies can often provide lower prices in certain areas compared to the large companies like GEICO and State Farm.
As you restructure your insurance plan, you should never buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured cut full coverage and found out when filing a claim that they should have had better coverage. Your aim should be to buy a smart amount of coverage at the lowest possible cost but still have enough coverage for asset protection.
Additional information is located at the links below
- Booster Seat Ratings (iihs.org)
- How Much are New Orleans Car Insurance Rates for a Ford Escape? (FAQ)
- How Much is Auto Insurance for Drivers with Good Credit in New Orleans? (FAQ)
- How Much is New Orleans Auto Insurance for Drivers with Bad Credit? (FAQ)
- Child Safety FAQ (iihs.org)
- What is Covered by GAP Insurance? (Allstate)
- Liability Insurance Coverage (Nationwide)