Lincoln MKX Insurance Rates in San Antonio

Tired of sacrificing other expenses to pay your auto insurance bill each month? You are in the same boat as many other Texas consumers.

It’s easy to assume that insurance companies want to keep you from comparing rates. Drivers who compare price quotes are likely to switch auto insurance companies because there is a significant possibility of finding a more affordable policy premium. Surprisingly, a recent survey revealed that drivers who compared rates once a year saved about $860 a year compared to those who never shopped around for better prices.

If saving money on Lincoln MKX insurance in San Antonio is why you’re reading this, understanding the best ways to shop for insurance can save time, money, and frustration. Consumers have many insurers to choose from, and although it’s a good thing to be able to choose, more options can take longer to find the best rates for your vehicles.

How to shop Lincoln MKX insurance online

Lowering your Lincoln MKX insurance rates can be quick and easy. Consumers just need to invest a few minutes comparing rates provided by online insurance companies.

Doing online rate quotes comparisons is so easy that it replaces the need to drive to each insurance agency near you. Buying insurance online can eliminate the need for a local agent unless you’re the type of person who wants the extra assistance of a licensed agent. Drivers can obtain prices from the web but purchase the actual policy in an agency.

The providers in the list below provide quotes in San Antonio, TX. If multiple companies are listed, we suggest you click on several of them in order to get a fair rate comparison.

Why you need to buy auto insurance

Despite the high cost, insurance serves an important purpose.

• Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability insurance coverage in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you took out a loan on your Lincoln MKX, most banks will make it a condition of the loan that you have comprehensive coverage to guarantee loan repayment. If coverage lapses or is canceled, the lender may insure your Lincoln at a more expensive rate and force you to pay much more than you were paying before.
• Auto insurance preserves not only your Lincoln but also your assets. It will also provide coverage for medical bills incurred in an accident. Liability coverage, the one required by state law, also covers legal expenses in the event you are sued. If damage is caused by hail or an accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.

The benefits of buying enough insurance are without a doubt worth the cost, especially with large liability claims. Unknowingly, the average driver is wasting up to $865 each year so compare rate quotes once a year at a minimum to ensure rates are inline.

Premium rates and analysis

The data table below covers different rate quotes for Lincoln MKX models. Learning as much as possible about how auto insurance prices are figured helps drivers make smart choices when comparing insurance quotes.

Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Price information does not factor in garaging location in San Antonio which can modify auto insurance rates considerably.

Higher deductibles lower rates

A question often asked by San Antonio drivers is which deductible level should you buy. The following tables can help you understand the differences in premium rates between low and high insurance deductibles. The first pricing table uses a $100 deductible for comp and collision and the second price table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Information does not factor in specific San Antonio garaging location which can influence auto insurance rates greatly.

Based on these figures, using a $100 deductible will cost you about $43 more each month or $516 for a full year than opting for the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 21 months between claims, you would save money if you elect the higher deductible.

An important thing to remember is that a higher deductible level results in having to pay to pay more out-of-pocket when you have a physical damage claim. That will require enough extra savings in the event you have to pay the deductible to have repairs made.

The information below highlights how deductible choice and can affect Lincoln MKX insurance prices for each age group. The costs are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Rate increases following a ticket or accident

The information below demonstrates how speeding tickets and fender-benders can raise Lincoln MKX insurance costs for different age categories. The prices are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.

Comparison of auto insurance rates by age and gender

The illustration below compares Lincoln MKX premium costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, full physical damage coverage, $250 deductibles, drivers are not married, and no other discounts are factored in.

Full coverage rates vs. liability-only in San Antonio

The diagram below visualizes the comparison of Lincoln MKX yearly insurance costs when comparing full coverage to liability only. The premium estimates are based on no claims or violations, $1,000 deductibles, marital status is single, and no other discounts are factored in.

When to stop paying for full coverage

There is no set rule to delete physical damage coverage, but there is a guideline you can use. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let’s say your Lincoln MKX book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after paying the physical damage deductible. If premium cost is more than $200 annually to have full coverage, then it might be time to buy liability only.

There are some scenarios where dropping full coverage is not recommended. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not buy liability only.

Take policy discounts and save on Lincoln MKX insurance in San Antonio

Insuring your fleet can be pricey, but you might find some hidden discounts that could help you make your next renewal payment. A few discounts will automatically apply at the time of quoting, but occasionally some discounts must be asked for before being credited.

• Discounts for Government Workers – Federal government employees can earn a discount up to 10% depending on your company.
• Air Bag Discount – Factory options such as air bags and/or automatic seat belt systems could see savings of more than 20%.
• Military Deployment Discount – Being on active deployment in the military may qualify for rate reductions.
• Discount for Swiching Early – A few companies give discounts for buying a policy before your current MKX insurance policy expires. It could save around 10% when you buy San Antonio car insurance online.
• No Claims – Drivers who don’t have accidents can earn big discounts when compared to policyholders that have many claims.

Keep in mind that many deductions do not apply to the whole policy. Most only apply to individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears you could get a free car insurance policy, you won’t be that lucky. Any qualifying discounts will cut the amount you pay for coverage.

The diagram below illustrates the comparison of Lincoln MKX insurance costs with and without discounts applied. The data assumes a female driver, no violations or accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-policy, marriage, homeowner, and multi-car discounts applied.

Large car insurance companies and a partial list of their discounts are:

• State Farm discounts include passive restraint, student away at school, multiple autos, safe vehicle, and anti-theft.
• Progressive policyholders can earn discounts including homeowner, multi-policy, online signing, multi-vehicle, and online quote discount.
• Progressive offers premium reductions for online signing, online quote discount, multi-policy, good student, multi-vehicle, and continuous coverage.
• MetLife offers discounts for claim-free, accident-free, good driver, defensive driver, and good student.
• Farm Bureau offers discounts including youthful driver, multi-policy, safe driver, driver training, renewal discount, 55 and retired, and good student.
• GEICO has discounts for membership and employees, five-year accident-free, multi-vehicle, defensive driver, federal employee, anti-theft, and driver training.
• SAFECO includes discounts for homeowner, safe driver, multi-car, accident prevention training, and teen safe driver.

Before buying, ask every company how many discounts you can get. Some discounts might not be available to policyholders in San Antonio. For a list of companies that offer some of these discounts in Texas, click here.

There’s no such thing as the perfect auto insurance policy

When it comes to buying the right insurance coverage, there isn’t really a “best” method to buy coverage. Your situation is unique and a cookie cutter policy won’t apply.
These are some specific questions might help in determining whether you would benefit from an agent’s advice.

• Why am I required to buy liability insurance?
• Do I have coverage if my license is suspended?
• Am I covered if I hit someone who is not insured?
• Am I insured when driving a different vehicle?
• Do I need medical payments coverage since I have good health insurance?
• Can I rate high risk drivers on liability-only vehicles?

If you’re not sure about those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and can help protect your family.