Best Insurance for a Lincoln MKS in Detroit

Did a good deal turn out to be high-priced Lincoln MKS insurance in Detroit? Trust us, you’re not the only one.

Astonishing but true, over 70% of consumers kept their coverage with the same car insurance company for four years or more, and nearly half have never compared rates to find cheap insurance. Detroit drivers could cut their rates by roughly 65% a year just by getting comparison quotes, but they don’t want to spend time to compare rates.

Insurance companies such as State Farm and GEICO continually hit you with ads and it can be hard to sift through the bull and do the work needed to find the best deal.

Affordable car insurance in Detroit, MI

The following companies can provide free rate quotes in Detroit, MI. To find cheap auto insurance in Detroit, we recommend you click on several of them to get the best price comparison.

Coverage information

The price information displayed below covers estimates of coverage costs for Lincoln MKS models. Having a better understanding of how insurance quotes are determined can be useful when making informed coverage decisions.

Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rates do not factor in specific location which can revise prices substantially.

Insurance deductibles

When comparing insurance rates, the most common question is how high should the deductibles for physical damage be. The following tables determine the rate fluctuation between low and high policy deductibles. The first table uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Prices do not factor in vehicle location which can modify coverage rates considerably.

We can estimate from the data above that using a $250 deductible will cost you roughly $33 more each month or $396 every year than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you go more than 8 months between claims, you would more than likely save some money if you elect the higher deductible. The table below shows how you can make this decision for your own policy.

An important sidenote is that a higher deductible results in more money out-of-pocket when you have a comprehensive or collision claim. You must have some extra savings in order to pay the deductible to have repairs made.

Drive safe and save

The information below illustrates how speeding tickets and at-fault collisions can increase Lincoln MKS insurance costs for each age group. The prices are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

Lincoln MKS liability-only versus full coverage

The diagram below illustrates the comparison of Lincoln MKS insurance rates with and without full coverage. The data assumes a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no policy discounts are applied.

When to drop comp and collision

There is no set rule of when to phase out full coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Lincoln MKS book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after the policy deductible has been paid. If premiums are more than $200 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where dropping full coverage is not financially feasible. If you still owe money on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Get cheap Lincoln MKS insurance in Detroit with discounts

Companies don’t always publicize their entire list of discounts in a way that’s easy to find, so the below list has a few of the more well known in addition to some of the lesser obvious car insurance savings.

• Senior Discount – Drivers that qualify as senior citizens may be able to get a small decrease in premiums.
• Multi-Vehicle Discounts – Purchasing coverage when you have all your vehicles with the same car insurance company can reduce rates for all insured vehicles.
• Accident Free – Insureds with no claims or accidents have much lower rates in comparison with insureds who have frequent claims or accidents.
• Organization Discounts – Affiliation with a professional or civic organization could earn you a nice discount on your policy.
• College Student – Kids who are enrolled in a college that is more than 100 miles from Detroit and do not have a car may be insured at a cheaper rate.
• Sign Early and Save – Some larger companies provide a discount for switching to them before your current coverage expires. You can save around 10% with this discount.
• Safety Course Discount – Successfully completing a class that teaches defensive driving techniques could possibly earn you a 5% discount depending on where you live.
• ABS and Traction Control Discounts – Cars that have steering control and anti-lock brakes have fewer accidents and qualify for as much as a 10% discount.

Keep in mind that some credits don’t apply to your bottom line cost. Most cut the cost of specific coverages such as comp or med pay. So when the math indicates having all the discounts means you get insurance for free, you won’t be that lucky.

The information below visualizes the comparison of Lincoln MKS annual premium costs with and without discounts applied to the rates. The price estimates are based on a male driver, no claims or violations, Michigan state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, safe-driver, multi-car, claim-free, and homeowner discounts applied.

The best car insurance companies and some of their more popular discounts are detailed below.

• Progressive includes discounts for good student, multi-vehicle, homeowner, multi-policy, continuous coverage, and online signing.
• Farmers Insurance has savings for pay in full, mature driver, teen driver, electronic funds transfer, and multi-car.
• Farm Bureau may offer discounts for driver training, 55 and retired, safe driver, multi-policy, good student, and multi-vehicle.
• State Farm may have discounts that include anti-theft, Steer Clear safe driver discount, student away at school, driver’s education, safe vehicle, and multiple autos.
• GEICO offers premium reductions for daytime running lights, seat belt use, multi-policy, multi-vehicle, military active duty, anti-theft, and driver training.
• SAFECO offers discounts for accident prevention training, teen safe driver, safe driver, anti-lock brakes, homeowner, bundle discounts, and teen safety rewards.
• Liberty Mutual discounts include newly married, preferred payment discount, new vehicle discount, new graduate, multi-policy, and good student.

If you are trying to find the cheapest Lincoln MKS rate quotes, ask each company which discounts they offer. A few discounts may not apply to policies in every state.

You may require the services of an agent

Certain consumers just prefer to get professional advice from a licensed agent and that can be a great decision One of the benefits of comparing insurance prices online is you can get lower car insurance rates and also buy local. Buying from small agencies is still important in Detroit.

After completing this form (opens in new window), the coverage information is immediately sent to local insurance agents in Detroit who can give free rate quotes for your auto insurance coverage. It’s much easier because you don’t need to contact any agents due to the fact that quote results will go directly to your email. You’ll get the best rates and a licensed agent to work with. If you wish to compare prices from a specific auto insurance provider, just go to their quote page and submit a quote form there.

If you need to find an insurance agent, it’s important to understand the different types of agencies that you can choose from. Agents may be either independent (non-exclusive) or exclusive.

Independent Auto Insurance Agents

Independent insurance agents can sell policies from many different companies so they can quote policies with any number of different companies and get the cheapest rates. To move your coverage to a new company, your policy is moved internally without you having to go to a different agency.

When shopping rates, we recommend you get some free quotes from a couple of independent agencies to maximize your price options.

The following are Detroit independent insurance agencies that may be able to give free auto insurance quotes.

More Detroit agents

Exclusive Auto Insurance Agencies

Exclusive agencies generally can only insure with one company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agencies are unable to provide rate quotes from other companies so keep that in mind. Exclusive agents receive extensive training on their company’s products which helps them sell on service rather than price.

Listed below are exclusive agencies in Detroit who can help you get rate quotes.

More Detroit agents

Finding a good insurance agency needs to be determined by more than just a low price. The answers to these questions are important, too.

• Does the agency provide any after hours assistance?
• What is their Better Business Bureau rating?
• Are there any discounts that you might be missing?
• Is vehicle mileage a factor when determining depreciation for repairs?
• Is the quote a firm price?
• How long have they worked with personal auto insurance coverage?
• Is the agent properly licensed in Michigan?

Cheap coverage is out there

When searching for inexpensive Detroit auto insurance quotes, never skimp on coverage in order to save money. There have been many cases where an insured cut collision coverage and learned later that it was a big error on their part. The ultimate goal is to get the best coverage possible for the lowest price while still protecting your assets.

There are still a few companies who do not provide rates over the internet and many times these small, regional companies work with local independent agents. Cheaper Lincoln MKS insurance in Detroit is available on the web in addition to many Detroit insurance agents, so you should compare both to have the best rate selection.

How to find discount Lincoln MKS insurance in Detroit

Truthfully, the best way to find better pricing on Lincoln MKS insurance in Detroit is to make a habit of comparing prices annually from insurance carriers in Michigan. Rates can be compared by completing these steps.

• Step 1: Read about how car insurance works and the factors you can control to keep rates down. Many rating factors that are responsible for high rates such as speeding tickets, careless driving and a less-than-favorable credit rating can be improved by paying attention to minor details.
• Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like Progressive or Allstate, while agents who are independent can provide rate quotes from multiple insurance companies.
• Step 3: Compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you find better rates, make sure there is no coverage gap between policies.
• Step 4: Provide proper notification to your current company to cancel your current policy and submit a down payment along with a signed application to your new agent or company. Once coverage is bound, keep your new proof of insurance paperwork in your vehicle’s glove compartment or console.

A good piece of advice is to try to use the same coverage limits and deductibles on each quote and to quote with as many different insurance providers as possible. Doing this ensures a level playing field and a complete price analysis.

Additional information is available on the following sites:

• Alcohol Impaired Driving FAQ (iihs.org)
• Who Has the Cheapest Auto Insurance Quotes for Teenage Females in Detroit? (FAQ)
• What Car Insurance is Cheapest for High Risk Drivers in Detroit? (FAQ)
• Who has the Cheapest Auto Insurance Quotes in Detroit, MI? (DetroitInsure.com)
• How Can I Save Money on Auto Insurance? (Insurance Information Institute)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
• Help Your Teen Be a Better Driver (State Farm)
• Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)