Best Lincoln MKS Insurance in Long Beach

Insurance quote for Lincoln MKS in Long BeachHow long have you put off shopping around for more competitive Lincoln MKS insurance in Long Beach? Are you burned out from scraping nickels together to buy insurance? You’re in the same situation as many other California drivers.

Surprisingly, a recent survey revealed that most California insurance customers kept buying from the same company for at least four years, and nearly 40% of drivers have never even shopped around for lower-cost coverage. Drivers in the U.S. can save nearly 47% each year just by comparing rates, but most tend to underestimate how much they could save if they moved their coverage to a different company.

Because you have many insurance companies to choose from, it can be difficult for drivers to find the best insurance company.

Choosing the most cost-effective insurance policy in Long Beach can be made easier if you know where to look. Essentially everyone who buys insurance most likely will find a cheaper policy. But California car owners do need to learn the way companies price online insurance and use it to find better rates.

To find cheap prices, there are a couple of ways to get quotes from many different California insurance companies. The quickest method to lower the rate you pay for Lincoln MKS insurance is to perform an online rate comparison.

Doing online rate quotes comparisons is so easy that it makes it a waste of time to spend your day driving to insurance agents’ offices. Buying insurance online makes this process obsolete unless you have a need for the professional assistance only provided by licensed Long Beach agents. Some companies do allow you to compare online quotes but buy from a local insurance agent.

It’s important to know that comparing more quotes gives you a better chance of getting lower pricing.

The companies shown below are our best choices to provide price comparisons in Long Beach, CA. If your goal is to find cheap car insurance in Long Beach, we suggest you click on several of them to get the best price comparison.

Rates and other information

The premium information displayed below covers detailed analysis of policy rates for Lincoln MKS models. Being able to understand how auto insurance prices are calculated can help drivers make smart choices when purchasing an insurance policy.

Lincoln MKS Insurance Rates in Long Beach, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $412 $912 $394 $24 $118 $1,860 $155
MKS 4-Dr Sedan $412 $912 $394 $24 $118 $1,860 $155
MKS Ecoboost AWD 4-Dr Sedan $454 $1032 $394 $24 $118 $2,022 $169
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Rate information does not factor in garaging location in Long Beach which can influence insurance rates greatly.

Analysis of deductible levels

One frequently asked question is what deductibles to buy. The figures shown below can help illustrate the difference in cost between low and high physical damage coverage deductibles. The first data table uses a $250 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Lincoln MKS insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $430 $780 $376 $22 $112 $1,745 $145
MKS 4-Dr Sedan $430 $780 $376 $22 $112 $1,745 $145
MKS Ecoboost AWD 4-Dr Sedan $474 $882 $376 $22 $112 $1,891 $158
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Lincoln MKS insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKS AWD 4-Dr Sedan $348 $630 $376 $22 $112 $1,488 $124
MKS 4-Dr Sedan $348 $630 $376 $22 $112 $1,488 $124
MKS Ecoboost AWD 4-Dr Sedan $384 $712 $376 $22 $112 $1,606 $134
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Rate quotes do not factor in specific zip code location which can increase or decrease insurance rates noticeably.

Based on the data above, we can derive that using a $250 deductible costs an average of $22 more each month or $264 every year than choosing the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you go at a minimum 11 months between claims, you would save money if you choose a higher deductible. The illustration below shows how this decision is made.

Average monthly premium for $250 deductibles: $149
Average monthly premium for $500 deductibles (subtract): – $127
Monthly savings from raising deductible: $22
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

One thing to note is that a higher deductible level means you will have to pay more of your own money at claim time. You should have some savings in order to pay the higher deductible.

Drive safe and save

The illustration below illustrates how traffic citations and at-fault collisions drive up Lincoln MKS insurance costs for different age groups of insureds. The data assumes a single male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Lincoln MKS insurance rates: Men versus women

The illustration below shows the comparison of Lincoln MKS insurance prices for male and female drivers. The information is based on no violations or accidents, comprehensive and collision coverage, $250 deductibles, single status, and no discounts are taken into consideration.

Should you buy full coverage?

The example below compares Lincoln MKS insurance costs when comparing full coverage to state minimum liability only. The premiums are based on no claims or violations, $100 deductibles, drivers are single, and no discounts are factored in.

Are you wasting money paying for full coverage?

There is no exact rule of when to drop physical damage coverage, but there is a general convention. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Lincoln MKS book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after you pay the deductible. If it’s costing you more than $400 a year for full coverage, then you might want to think about dropping full coverage.

There are some conditions where eliminating full coverage is not advised. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Smart Choices Result in Lower Insurance Costs

When buying insurance it’s important to understand some of the factors that help determine your premiums. When you understand what determines base rates, this helps enable you to make changes that may result in much lower annual insurance costs. Multiple criteria are considered when premium rates are determined. Some are obvious like your driving record, but other criteria are less apparent like your continuous coverage or your commute time.

Pay more out-of-pocket – Physical damage deductibles state the amount of money you are willing to pay if a covered claim is submitted. Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some instances where coverage would apply could be rear-ending another vehicle, fire damage, and damage caused by road hazards. The more damage repair cost you pay before a claim is paid (deductible), the better rate you will receive.

Put fewer miles on your vehicle – The higher the mileage driven in a year the more you’ll pay to insure your vehicle. A lot of companies calculate prices determined by how the vehicle is used. Autos not used for work or commuting cost less to insure as compared to vehicles used primarily for driving to work. Improper usage on your MKS may be wasting your money. It’s a smart idea to ensure your insurance coverage reflects the proper vehicle usage.

Small coverages can add up – There are a lot of extra coverages that can add up if you don’t pay attention. Coverages for roadside assistance, towing coverage, and term life insurance may not be needed and are just wasting money. These may sound like a good investment when buying your policy, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.

Married drivers pay lower costs – Your spouse helps lower the price on your insurance bill. Having a spouse demonstrates that you tend to be more mature than a single person and insurance companies like that being married results in fewer claims.

Lower premiums for vehicles with better crash test results – Safer cars can get you lower premiums. Vehicles built for safety reduce the chance of injuries and any reduction in injury severity translates into savings for insurance companies which can result in lower premiums. If your Lincoln MKS scored better than four stars on or an “acceptable” rating on it may cost less to insure.

Save money with responsible credit – Your credit score is a big factor in calculating your insurance rates. If your credit rating could use some work, you could potentially save money when insuring your Lincoln MKS if you clean up your credit. Insureds with very good credit scores tend to be more responsible than drivers with poor credit scores.

GPS tracking and theft deterrents reduce premiums – Owning a car that has a built-in theft deterrent system can help bring down rates. Theft deterrent systems such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping auto theft and help lower rates.

Insurance loss data for Lincoln MKS vehicles – Companies analyze historical claim data to help calculate a profitable premium rate. Models that historically have higher frequency or amount of claims will have increased rates. The table shown below demonstrates the historical insurance loss data for Lincoln MKS vehicles.

For each policy coverage, the claim amount for all vehicles, regardless of make, model or trim level, is a value of 100. Numbers shown that are under 100 suggest losses that are better than average, while numbers shown that are more than 100 indicate frequent claims or statistically larger claims.

Lincoln MKS Insurance Claim Statistics
Specific Lincoln 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

Insurance in California serves several purposes

Despite the high insurance cost for a Lincoln MKS in Long Beach, insuring your vehicle may be mandatory for several reasons.

The benefits of having insurance more than cancel out the cost, specifically if you ever have a liability claim. Despite what companies tell you, the average driver overpays as much as $800 each year so compare quotes from several companies each time the policy renews to help ensure money is not being wasted.