To save the most money, the best way to find cheaper Lincoln MKS insurance in Minneapolis is to compare prices regularly from insurers who can sell car insurance in Minnesota. Price quotes can be compared by following these guidelines.
- Step 1: It will benefit you to learn about how auto insurance works and the measures you can control to prevent expensive coverage. Many risk factors that result in higher rates like high-risk driving behaviors and a bad credit score can be improved by making small lifestyle or driving habit changes.
- Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from one company like GEICO or State Farm, while independent agencies can quote prices for many different companies. Click to view companies
- Step 3: Compare the new rate quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate and decide to switch, make sure coverage does not lapse between policies.
One piece of advice is to make sure you’re comparing the same level of coverage on each quote and and to get price quotes from as many carriers as you can. Doing this provides an apples-to-apples comparison and a complete price analysis.
It goes without saying that auto insurance companies don’t want you to look for cheaper rates. Consumers who shop for lower prices are highly likely to switch companies because there is a significant possibility of finding a more affordable policy premium. A recent study showed that people who routinely compared quotes saved an average of $3,450 over four years compared to drivers who never compared prices.
If finding the lowest price on auto insurance is your goal, then understanding the best way to quote and compare coverage rates can help simplify the task of finding more affordable coverage.
These tips will familiarize you with how auto insurance companies operate and also pocket some savings If you have coverage now, you will definitely be able to find the best rates using the tips covered below. Comparison shoppers just have to understand the most time-saving way to compare insurance rates over the internet.
How to get Minneapolis Lincoln MKS insurance price quotes
The car insurance companies shown below are ready to provide free rate quotes in Minnesota. In order to find cheaper car insurance in Minnesota, we suggest you click on several of them to get the best price comparison.
Insurance statistics for a Lincoln MKS
The price information below showcases a range of insurance costs for Lincoln MKS models. Having a good understanding how car insurance prices are figured is important to be able to make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $238 | $464 | $254 | $14 | $76 | $1,046 | $87 |
| MKS 4-Dr Sedan | $238 | $464 | $254 | $14 | $76 | $1,046 | $87 |
| MKS Ecoboost AWD 4-Dr Sedan | $262 | $526 | $254 | $14 | $76 | $1,132 | $94 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Prices do not factor in garaging location in Minneapolis which can impact premium rates noticeably.
Higher deductibles lower rates
When buying insurance, a common question is how high or low should comp and collision deductibles be. The premium rates below show the differences in price between high and low policy deductibles. The first data set uses a $100 deductible for physical damage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $344 | $668 | $270 | $16 | $80 | $1,403 | $117 |
| MKS 4-Dr Sedan | $344 | $668 | $270 | $16 | $80 | $1,403 | $117 |
| MKS Ecoboost AWD 4-Dr Sedan | $378 | $756 | $270 | $16 | $80 | $1,525 | $127 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $250 | $452 | $270 | $16 | $80 | $1,068 | $89 |
| MKS 4-Dr Sedan | $250 | $452 | $270 | $16 | $80 | $1,068 | $89 |
| MKS Ecoboost AWD 4-Dr Sedan | $276 | $512 | $270 | $16 | $80 | $1,154 | $96 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Price information does not factor in specific location which can raise or lower coverage prices considerably.
Based on this data, we can arrive at the conclusion that using a $100 deductible would cost the average driver about $29 more each month or $348 for a full year than choosing the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average at a minimum 14 months between claims, you would most likely save money by selecting a higher deductible.
The chart below illustrates how your choice of deductibles and can increase or decrease Lincoln MKS insurance rates for different insured age categories. The rates are based on a married male driver, full coverage, and no discounts are applied.
How careless driving impacts Minneapolis insurance rates
The illustration below shows how violations and fender-benders can raise Lincoln MKS insurance premiums for each age group. The rate quotes are based on a single female driver, full coverage, $500 deductibles, and no discounts are factored in.
Cost of full coverage in Minneapolis
The chart below illustrates the difference between Lincoln MKS insurance costs when comparing full coverage to state minimum liability only. The rates are based on no driving violations, no at-fault accidents, $100 deductibles, marital status is single, and no other discounts are factored in.
When to drop comprehensive and collision coverage
There is no definitive rule to stop paying for full coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Lincoln MKS claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $8,000 after paying your policy deductible. If it’s costing you more than $800 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some situations where eliminating full coverage is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not remove full coverage.
Three reasons to insure your vehicle
Even though Minneapolis MKS insurance rates can get expensive, buying insurance may be required and benefits you in several ways.
- Most states have compulsory liability insurance requirements which means the state requires a minimum amount of liability in order to drive the car. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your MKS, it’s guaranteed your bank will require that you have insurance to guarantee loan repayment. If the policy lapses, the lender may insure your Lincoln at a more expensive rate and force you to pay for the much more expensive policy.
- Insurance safeguards not only your vehicle but also your assets. Insurance will also pay for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, your insurance policy will cover the damage repairs after a deductible is paid.
The benefits of insuring your car outweigh the cost, especially when you need to use it. Today the average American driver is overpaying more than $850 per year so it’s very important to do a rate comparison once a year at a minimum to ensure rates are competitive.
Discounts can help to save on Lincoln MKS insurance in Minneapolis
Some providers don’t always advertise every possible discount very well, so here is a list some of the best known and also the lesser-known ways to save on car insurance.
- Low Mileage Discounts – Low mileage vehicles may enable drivers to earn discounted premium rates on garaged vehicles.
- Defensive Driver Discount – Participating in a class that teaches defensive driver techniques may get you a small discount and easily pay for the cost of the class.
- No Charge for an Accident – This one is not really a discount per se, but companies like State Farm, Progressive and GEICO permit an accident before your rates go up with the catch being you have to be claim-free for a certain period of time.
- Lower Rates for Military – Being on active duty in the military could qualify you for better premium rates.
- Discount for Swiching Early – Select companies give a discount for buying a new policy before your current coverage expires. The savings is around 10%.
It’s important to understand that some credits don’t apply to the entire policy premium. Some only reduce the cost of specific coverages such as medical payments or collision. Even though it may seem like it’s possible to get free car insurance, insurance companies wouldn’t stay in business. But any discount should help lower your overall premium however.
The chart below compares Lincoln MKS auto insurance rates with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no claims or violations, Minnesota state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-car, multi-policy, safe-driver, and homeowner discounts applied.
Auto insurance companies that may have some of the above discounts include:
Double check with every prospective company which discounts they offer. Some credits might not be offered in Minneapolis. To see insurers that provide some of the discounts listed above in Minnesota, click here.
When to get advice from an insurance agent
Many drivers just prefer to buy from a local agent and doing so can bring peace of mind Licensed agents can help you choose the best coverages and help submit paperwork. One of the best bonuses of getting online price quotes is that you can obtain cheaper car insurance rates but also keep your business local. Supporting small agencies is important especially in Minneapolis.
To help locate an agent, after submitting this quick form, the quote information is instantly submitted to local insurance agents who can give free rate quotes for your insurance coverage. You won’t need to leave your computer since rate quotes are delivered to you directly. If you wish to quote rates from a specific insurance company, you can always visit that company’s website and fill out their quote form.
When finding a reputable insurance agent or broker, it can be helpful to understand the different agency structures and how they operate. Insurance agents in Minneapolis can either be independent agents or exclusive agents depending on their employer. Either can handle insurance, but it’s worth learning the difference in the companies they write for because it can impact the kind of agent you use.
Independent Insurance Agencies
Independent insurance agents can quote rates with many companies and that gives them the ability to insure with a variety of different insurance companies and potentially find a lower price. If you are not satisfied with one company, they simply move the coverage in-house and you don’t have to switch agencies. When comparison shopping, you absolutely need to get quotes from several independent insurance agents so that you have a good selection of quotes to compare. Many can place coverage with lesser-known insurance companies that may have much lower rates than larger companies.
Listed below is a short list of independent agencies in Minneapolis who can help you get cheap rate quotes.
- Germain Insurance Agency
315 W 46th St – Minneapolis, MN 55419 – (612) 822-7983 – View Map - Bernie Glover Insurance Agency
2520 Lowry Ave N – Minneapolis, MN 55411 – (612) 522-6531 – View Map - Horizon Agency Inc
11000 W 78th St – Minneapolis, MN 55423 – (952) 944-2929 – View Map
Exclusive Insurance Agencies
Exclusive insurance agents can only quote rates from one company and some examples include State Farm, AAA, and Liberty Mutual. They generally cannot provide other company’s prices so you might not find the best rates. They receive extensive training on their company’s products and that allows them to sell at a higher price point. A lot of people use the same exclusive agent partially due to the prominence of the brand rather than having low rates.
Below is a short list of exclusive insurance agents in Minneapolis willing to provide rate quotes.
- AAA Minneapolis Insurance
5400 Auto Club Way – Minneapolis, MN 55416 – (952) 927-2518 – View Map - Kelly Mulligan Allstate Insurance Agency
80 8th St S – Minneapolis, MN 55402 – (612) 713-9253 – View Map - Allstate Insurance: Lois A. Castaneda
127 W Grant St, # C – Minneapolis, MN 55403 – (612) 871-6830 – View Map
Finding the right insurance agent should include more criteria than just the quoted price. Here are some questions you might want to ask.
- Will they take your side in the event of a claim?
- What are the financial ratings for the companies they represent?
- Is every driver in your family covered?
- Does the agency have a positive business rating?
- Does the company have a local claim office in Minneapolis?
- Will the quote change when the policy is issued?
If you get answers to your satisfaction for all questions you ask and a good coverage price, you may have just found an insurance agent that is professional and can service your policy.
Minneapolis car insurance companies
Finding the best car insurance company is hard considering how many choices drivers have in Minneapolis. The company rank data listed below may help you select which car insurance companies you want to consider comparing prices from.
Top 10 Minneapolis Car Insurance Companies Overall
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
What is the best insurance coverage?
When quoting and choosing coverage, there really is no “best” method to buy coverage. Everyone’s situation is a little different.
Here are some questions about coverages that can aid in determining if your insurance needs will benefit from professional help.
- Will I lose any money if I cancel my policy before it expires?
- Will my insurance pay for OEM parts?
- Am I covered if I drive in a foreign country?
- What is motorclub and do I need it?
- Am I covered if I wreck a rental car?
- Am I covered when pulling a rental trailer?
- What are the financial responsibility laws in my state?
- Do I have coverage when making deliveries for my home business?
If it’s difficult to answer those questions then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and you can get the answers you need.
Car insurance coverage options for a Lincoln MKS
Understanding the coverages of car insurance can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.
Comprehensive or Other Than Collision
Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive insurance covers things like hitting a deer, falling objects, hitting a bird and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
UM/UIM Coverage
This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Because many people carry very low liability coverage limits (30/60/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Frequently these coverages are set the same as your liability limits.
Auto collision coverage
Collision insurance pays for damage to your MKS resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things like crashing into a ditch, damaging your car on a curb and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible on your MKS to get cheaper collision coverage.
Medical costs insurance
Coverage for medical payments and/or PIP pay for expenses for ambulance fees, dental work, funeral costs, pain medications and rehabilitation expenses. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible
Auto liability insurance
Liability insurance provides protection from damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 30/60/10 which means a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and a limit of $10,000 paid for damaged property. Some companies may use one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability insurance covers claims such as emergency aid, repair bills for other people’s vehicles, medical services, attorney fees and medical expenses. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford. Minnesota requires drivers to carry at least 30/60/10 but drivers should carry more liability than the minimum.
The next chart shows why buying low liability limits may not provide you with enough coverage.
Quote. Compare. Save.
Lower-priced car insurance in Minneapolis can be bought on the web as well as from independent agents in Minneapolis, and you need to comparison shop both to have the best selection. A few companies may not provide online rate quotes and usually these smaller providers only sell coverage through independent insurance agencies.
Drivers change insurance companies for any number of reasons including delays in paying claims, poor customer service, policy cancellation or unfair underwriting practices. Whatever your reason, choosing a new insurance company is easier than you think.
We covered a lot of information how to lower your Lincoln MKS insurance auto insurance rates in Minneapolis. The key concept to understand is the more providers you compare, the better your comparison will be. You may even be surprised to find that the biggest savings come from a small local company.
To read more, feel free to visit the articles below:
- Tread Depth and Tire Safety (State Farm)
- Who Has Cheap Minneapolis Auto Insurance for Homeowners? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Teachers in Minneapolis? (FAQ)
- What is the Cheapest Car Insurance in Minneapolis, MN? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Hybrid Vehicles in Minneapolis? (FAQ)
- How Much are Auto Insurance Quotes for Drivers Over Age 70 in Minneapolis? (FAQ)
- How Much are Auto Insurance Rates for Nurses in Minneapolis? (FAQ)
- What Insurance is Cheapest for Drivers with Good Credit in Minneapolis? (FAQ)
- Teen Driving Statistics (iihs.org)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Auto Insurance Learning Center (State Farm)