Affordable Columbus Lincoln MKX Insurance

Insurance quote for Lincoln MKX in ColumbusThe easiest way to find low-cost prices for Lincoln MKX insurance in Columbus is to start comparing prices regularly from providers in Ohio. Price quotes can be compared by following these steps.

  1. Get a basic knowledge of coverages and the factors you can control to prevent rate increases. Many rating factors that are responsible for high rates like getting speeding tickets and a negative credit score can be amended by making small lifestyle or driving habit changes. Keep reading for additional ideas to help prevent expensive coverage and find more discounts that you may not know about.
  2. Compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from a single company like GEICO or Farmers Insurance, while independent agents can give you price quotes from multiple sources. View companies
  3. Compare the new quotes to your current policy premium to see if a cheaper rate is available in Columbus. If you find a lower rate and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Provide adequate notice to your current company to cancel your current coverage. Submit any necessary down payment along with the completed application to your new carrier. Be sure to keep the new certificate verifying coverage with the vehicle registration.

One important bit of advice is that you’ll want to make sure you compare the same amount of coverage on each quote and and to get price estimates from as many different insurance providers as possible. This guarantees the most accurate price comparison and a good representation of prices.

It’s hard to fathom, but a large majority of drivers kept buying from the same company for at least four years, and almost 40% of drivers have never quoted rates to find affordable coverage. With the average car insurance premium being $1,300, Columbus drivers could pocket roughly 55% a year by just comparing quotes, but most just don’t grasp how much they could save if they switched.

We hope to tell you the best ways to compare prices and some money-saving tips. If you are already insured, you will surely be able to save money using the ideas covered in this article. Smart shoppers just have to use the least time-consuming way to compare prices from many different companies.

Best companies for Lincoln MKX insurance

The following companies have been selected to offer quotes in Ohio. If more than one company is shown, we suggest you compare several of them in order to find the lowest rates.

Premium rates and analysis

The data table displayed below highlights detailed analysis of insurance prices for Lincoln MKX models. Being more informed about how insurance prices are calculated can be of help when making smart choices when choosing a car insurance company.

Lincoln MKX Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $120 $270 $306 $18 $92 $806 $67
MKX AWD $136 $270 $306 $18 $92 $822 $69
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Price information does not factor in your specific Columbus location which can revise premiums considerably.

How high should deductibles be?

The hardest decision when buying coverage is how high should the deductibles for physical damage be. The following insurance rates may aid in understanding how much more rates are of buying low and high comp and collision deductibles. The first table uses a $100 physical damage deductible and the second set of prices uses a $1,000 deductible.

Lincoln MKX insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $196 $416 $226 $14 $68 $945 $79
MKX AWD $220 $416 $226 $14 $68 $969 $81
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Lincoln MKX insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $108 $220 $226 $14 $68 $636 $53
MKX AWD $122 $220 $226 $14 $68 $650 $54
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price estimates do not factor in specific Columbus garaging location which can revise premiums greatly.

We can derive from the above data that using a $100 deductible will cost you about $26 more each month or $312 annually across all Lincoln MKX models than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 35 months between claims, you would most likely save money if you choose a higher deductible. The illustration below shows an example of how this decision is made.

Average monthly premium for $100 deductibles: $80
Average monthly premium for $1,000 deductibles (subtract): – $54
Monthly savings from raising deductible: $26
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 35 months

Auto insurance premiums based on gender

The chart below illustrates the comparison of Lincoln MKX insurance costs for male and female drivers. The costs are based on no violations or accidents, full coverage, $500 deductibles, drivers are not married, and no discounts are factored in.

Lincoln MKX full coverage rates compared to liability only

The example below visualizes the comparison of Lincoln MKX annual premium costs with full physical damage coverage and with liability coverage only. The premiums are based on no violations or accidents, $1,000 deductibles, drivers are not married, and no discounts are factored in.

When to drop comprehensive and collision coverage

There is no clear-cut rule to stop buying comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Lincoln MKX replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $6,000 after the deductible is paid. If it’s costing in excess of $600 annually for full coverage, then you might consider buying liability only.

There are some conditions where dropping physical damage coverage is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.

Insurance discounts help lower rates for Lincoln MKX insurance in Columbus

Insurance can be pricey, but companies offer discounts that can dramatically reduce your bill. Many discounts should be triggered at quote time, but some may not be applied and must be specially asked for before you get the savings. If you are not receiving all the discounts you deserve, you are throwing money away.

One last thing about discounts, some of the credits will not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like comp or med pay. So even though they make it sound like it’s possible to get free car insurance, insurance companies wouldn’t stay in business. But all discounts will positively reduce your premiums.

The chart below shows the comparison of Lincoln MKX yearly insurance costs with and without discounts. Data assumes a female driver, no claims, a clean driving record, Ohio 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, homeowner, claim-free, multi-car, multi-policy, and safe-driver discounts applied.

Large insurance companies and a summarized list of policyholder discounts are:

If you want affordable Columbus auto insurance quotes, ask each company or agent what discounts are available to you. A few discounts may not apply to policyholders in Columbus.

Car insurance agents are trained to help

Certain consumers just want to visit with an insurance agent and that is OK! Professional insurance agents can help determine the best coverages and give you someone to call. One of the best bonuses of comparing car insurance online is the fact that you can find cheap rate quotes and also buy local. Buying insurance from neighborhood insurance agencies is still important in Columbus.

Once you complete this quick form, the coverage information is transmitted to agents in your area who want to provide quotes to get your business. You never need to search for any insurance agencies since price quotes are sent immediately to your email address. If you have a need to get a price quote from a specific car insurance provider, don’t hesitate to find their quoting web page and submit a quote form there.

Pick the best car insurance agent in Columbus for you

If you want to use an insurance agent, it’s helpful to know the different types of agents that you can choose from. Car insurance policy providers can either be exclusive or independent. Both types can properly insure your vehicles, but it’s worth mentioning the difference between them because it can impact your agent selection.

Independent Car Insurance Agents (or Brokers)

Agents of this type are not employed by one company so they can quote policies through many different car insurance companies and find you cheaper rates. If they quote lower rates, the agent simply finds a different carrier and you stay with the same agent.

When comparing rate quotes, we recommend you check rates from at a minimum one independent agency for the best price selection. They often place coverage with less well-known companies that may provide cheaper car insurance rates.

Listed below are Columbus independent agents that may be able to give rate quotes.

More Columbus agents

Exclusive Agents

Agents that choose to be exclusive can only place business with one company like Allstate, Farmers Insurance, State Farm, and AAA. They usually cannot provide prices from multiple companies so they really need to provide good service. Exclusive agencies are usually well trained on their company’s products and that allows them to sell at a higher price point. Many people use the same exclusive agent partially due to the prominence of the brand and the convenience of having all coverages with one company.

Listed below is a list of exclusive agents in Columbus that can give you price quote information.

More Columbus agents

Picking a insurance agent is decision based upon more than just the bottom line cost. Get answers to these questions too.

One last thing about your coverage

Consumers leave their current company for a variety of reasons including policy cancellation, poor customer service, being labeled a high risk driver or even high rates after DUI convictions. No matter why you want to switch, finding a great new company can be easy and end up saving you some money.

In this article, we covered quite a bit of information on how to reduce Lincoln MKX insurance premium rates online in Columbus. The key thing to remember is the more providers you compare, the higher the chance of saving money. You may even find the biggest savings come from some of the lesser-known companies.

Low-cost Lincoln MKX insurance in Columbus can be sourced on the web in addition to many Columbus insurance agents, so you should compare both in order to have the best chance of saving money. Some companies may not have the ability to get quotes online and most of the time these smaller companies only sell through independent insurance agencies.

Additional detailed information is located at these sites: