Cheap Insurance for a Lincoln MKT in New Orleans

Searching for lower-priced Lincoln MKT insurance in New Orleans? Paying for high-priced Lincoln MKT insurance in New Orleans can take a big chunk out of your bank account and force you to tighten up your finances.

Statistics show that a large majority of drivers have remained with the same insurance company for well over three years, and just under half have never quoted insurance rates at all. New Orleans consumers could save approximately 35% every year by just comparing quotes, but most undervalue the benefits if they moved their coverage to a different company. Since you have so many different company options, it can be hard to pick the most affordable insurance company.

Most companies such as State Farm, GEICO and Progressive provide price estimates from their websites. Doing online quotes for Lincoln MKT insurance in New Orleans is quite simple as you just enter your personal and coverage information into a form. After you submit the form the system will order reports for credit and driving violations and returns a price. The ability to get online rates for Lincoln MKT insurance in New Orleans makes comparing rates easy, and it’s necessary to perform this step in order to find the most affordable premium.

In order to use this form to compare rates, visit the companies below or click here to submit a quote request to multiple companies at once. To compare your current rates, we recommend you duplicate coverages and limits identical to your current policy. This helps ensure you will get a fair comparison based on the exact same insurance coverage.

The companies shown below have been selected to offer quotes in Louisiana. In order to find the best cheap auto insurance in New Orleans, we suggest you click on several of them in order to find the most competitive rates.

These discounts can reduce Lincoln MKT insurance rates

Insuring your vehicles can cost a lot, but there are discounts available that many consumers don’t even know exist. Some discounts apply automatically when you quote, but once in a while a discount must be asked for before being credited.

• Membership in Organizations – Being in specific professional or occupational memberships or organizations could qualify you for a break on your bill.
• Pay Now and Pay Less – If you pay your entire premium ahead of time rather than paying monthly you can actually save on your bill.
• Discounts for Cautious Drivers – Safe drivers can save as much as half off their rates than their less cautious counterparts.
• Discount for Home Ownership – Just being a homeowner may earn you a small savings because of the fact that having a home means you have a higher level of financial diligence.
• Sign Early and Save – Some larger companies give discounts for switching companies before your current coverage expires. Ten percent is about the average savings.
• Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to wear their seat belts can save 10% or more on the medical payments or PIP coverage costs.
• ABS Brakes – Cars, trucks, and SUVs with anti-lock braking systems can stop better under adverse conditions and will save you 10% or more on MKT insurance in New Orleans.

Please keep in mind that most credits do not apply to your bottom line cost. The majority will only reduce individual premiums such as liability and collision coverage. Just because you may think you can get free auto insurance, nobody gets a free ride.

The information below compares Lincoln MKT yearly insurance costs with and without some available policy discounts. The premiums are based on a female driver, no claims or driving violations, 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 multi-policy, safe-driver, homeowner, marriage, claim-free, and multi-car discounts applied.

Companies who might offer these benefits include:

• GEICO
• Auto-Owners Insurance
• American Family
• Esurance
• Progressive
• State Farm
• AAA

If you are trying to find affordable New Orleans car insurance quotes, ask each company or agent the best way to save money. A few discounts might not be offered on policies in New Orleans. To view insurers that offer many of these discounts in New Orleans, click here to view.

Auto insurance data for a Lincoln MKT

The table displayed below covers detailed analysis of insurance coverage prices for Lincoln MKT models. Being more informed about how insurance policy rates are figured is important for drivers to make informed decisions.

Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Estimates do not factor in New Orleans location which can modify coverage prices greatly.

Auto insurance deductibles

When comparing auto insurance rates, the most common question is how high should the physical damage deductibles be. The tables below illustrate the rate difference of buying low and high physical damage deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second rate table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Rates do not factor in specific garaging location which can influence prices greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you approximately $39 more each month or $468 a year than selecting the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 10 months between claim filings, you would save money by selecting a higher deductible. Below is an example of how you can make your own decision.

One thing to be aware of is that higher deductibles results in having to pay to pay more out-of-pocket when you do file a claim. That will necessitate enough disposable savings in the event you need to pay the higher deductible.

The illustration below shows how choosing a deductible and can raise or lower Lincoln MKT premium costs for each age group. The costs are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

How Insurers Determine Lincoln MKT Insurance Costs

Multiple criteria are considered when you quote your car insurance policy. Some of the criteria are obvious such as your driving record, although others are more obscure like where you live or how financially stable you are.

Listed below are some of the factors utilized by car insurance companies to help set your prices.

• Rates are affected by your address – Having an address in smaller towns and rural areas of the country can save you money if you are looking for the lowest rates. Drivers in populated areas tend to have more aggressive driving styles and more time behind the wheel. Lower population means fewer accidents and also fewer theft and vandalism claims.
• Maintain auto insurance coverage – Driving your car without having proper coverage is illegal and companies may charge more for letting your insurance coverage expire. Not only will rates go up, the inability to provide proof of insurance will get you a hefty fine and possibly a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Louisiana motor vehicle department.
• Safer vehicles save money – Safe vehicles can get you lower premiums. These vehicles reduce injuries and lower rates of occupant injuries means your insurance company pays less and more competitive rates for policyholders. If your Lincoln is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.
• Higher physical damage deductibles cost less – Insurance for physical damage, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. A few examples of covered claims are a dented fender, hitting a deer, and windstorm damage. The deductibles you choose state the amount of money the insured will be required to pay before a claim is paid by your company. The more you’re willing to pay, the less money you will pay for auto insurance.

• Performance makes a difference – The performance of the vehicle you need to insure makes a big difference in your rates. Lower cost passenger cars receive the most favorable rates, but the final cost of insurance is determined by many other factors.

  The following chart assumes a married female driver age 40, full coverage with $500 deductibles, and no discounts or violations. It illustrates Lincoln MKT insurance rates compared to other vehicles that have different performances.

• Marriage discount – Having a spouse may save some money on auto insurance. Having a significant other usually means you are more mature it has been statistically shown that drivers who are married file infrequent claims.
• You may save more by bundling policies – Some insurers allow lower prices to clients who buy several policies from them, otherwise known as a multi-policy discount. Discounts can amount to five, ten or even twenty percent. Even with this discount, it’s always a smart idea to compare other company rates to make sure you are getting the best deal.

• Lincoln MKT claim probability – Insurance companies use data from past claims when they set coverage costs for each model. Models that historically have higher loss trends will be charged more to insure. The table below outlines the collected loss data for Lincoln MKT vehicles.

  For each insurance policy coverage type, the claim amount for all vehicles combined as an average is a value of 100. Values that are 100 or less are indicative of better than average losses, while numbers above 100 indicate higher probability of having a loss or tendency to have higher losses.

  
  

  Insurance Loss Ratings for Lincoln MKT Vehicles

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Lincoln MKT 4dr 2WD	128		133
  Lincoln MKT 4dr 4WD	118	85	138	85

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years