Compare Lincoln MKT Insurance Quotes in Miami

No normal person likes paying for insurance, especially when they are aware that they could find better prices if they shop around.

Insurance for Lincoln MKTUnbelievable but true according to a study most consumers in Florida have been with the same company for more than four years, and just under half have never compared rate quotes at all. Many consumers in the United States could save up to $859 every year by just comparing rate quotes, but they just feel it’s too hard to shop around.

Steps to finding cheaper rates for Lincoln MKT insurance in Miami

If saving the most money is your goal, then the best way to quote cheaper Lincoln MKT insurance in Miami is to make a habit of comparing prices annually from insurance carriers in Florida.

  1. Spend a few minutes and learn about how companies set rates and the things you can change to prevent expensive coverage. Many things that cause rate increases such as high-risk driving behaviors and your credit history can be improved by making minor changes to your lifestyle. Read the full article for additional ideas to help keep prices low and find discounts that you may qualify for.
  2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from a single company like Progressive or State Farm, while agents who are independent can give you price quotes from multiple sources. Begin your rate comparison
  3. Compare the price quotes to the price on your current policy to see if switching to a new carrier will save money. If you can save some money and decide to switch, make sure coverage is continuous and does not lapse.
  4. Provide notification to your current company of your intention to cancel your current car insurance policy and submit the application along with any required down payment to the new company. Don’t forget to keep your new certificate verifying coverage above your visor, in the console, or in the glove compartment.

The critical component of shopping around is to make sure you’re comparing similar limits and deductibles on every quote request and and to get price estimates from as many companies as you can. This enables a level playing field and maximum price selection.

Lots of auto insurance companies contend for your business, so it’s not easy to compare every insurer to get the best price available on Lincoln MKT insurance in Miami.

You need to get comparison quotes quite often since prices are rarely the same from one policy term to another. If you had the lowest rates on Lincoln MKT insurance in Miami six months ago you will most likely find a better rate quote today. Forget anything you know (or think you know) about insurance because we’re going to show you the proper way to lower your annual insurance bill.

If you have insurance now, you will be able to find the best rates using the following tips. Locating the best rates in Miami is quite easy if you know the best way to do it. But Florida vehicle owners must know how insurance companies price insurance differently because it varies considerably.

Best companies for low-cost Lincoln MKT insurance in Florida

The companies shown below have been selected to offer quotes in Florida. To locate cheap car insurance in FL, it’s a good idea that you click on several of them to get the best price comparison.

Lincoln MKT coverage statistics

The premium information displayed below covers different insurance policy prices for Lincoln MKT models. Learning a little about how insurance rates are established is important for you to make decisions on the best policy to buy.

Lincoln MKT Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $348 $634 $444 $26 $132 $1,584 $132
MKT 3.7 AWD $384 $730 $444 $26 $132 $1,716 $143
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Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Estimates do not factor in garaging location in Miami which can change coverage prices greatly.

Car insurance deductibles

A question often asked by Miami drivers is what deductibles to buy. The tables below help summarize the differences in premium rates when you select higher and lower physical damage deductibles. The first rate estimation uses a $250 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Lincoln MKT insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $406 $640 $472 $28 $142 $1,713 $143
MKT 3.7 AWD $446 $736 $472 $28 $142 $1,849 $154
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Lincoln MKT insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $250 $402 $472 $28 $142 $1,294 $108
MKT 3.7 AWD $276 $464 $472 $28 $142 $1,382 $115
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Price information does not factor in specific location information which can influence insurance rates significantly.

Based on this data, using a $250 deductible would cost the average driver about $37 more each month or $444 for a full year averaged for all MKT models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 20 months between claim filings, you would most likely save money going with the higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $149
Average monthly premium for $1,000 deductibles (subtract): – $112
Monthly savings from raising deductible: $37
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $37
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

An important thing to remember is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense when you have a physical damage claim. You need to make sure you have access to more funds in order to pay more for the deductible.

The example below illustrates how your deductible choice and can change Lincoln MKT insurance costs for each age group. Data assumes a married female driver, full physical damage coverage, and no other discounts are factored in.

How accidents and tickets impact rates in Miami

The diagram below shows how violations and at-fault fender-benders influence Lincoln MKT annual premium costs for each different age category. The information is based on a single male driver, comp and collision included, $100 deductibles, and no policy discounts are applied.

Full coverage or liability only

The example below shows the difference between Lincoln MKT insurance costs with and without full coverage. The rate quotes are based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are applied.

When to buy liability coverage only

There is no definitive formula for eliminating comp and collision coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s assume your Lincoln MKT replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after the policy deductible has been paid. If premiums are more than $400 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are some situations where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

Cheap Lincoln MKT insurance in Miami

Insurance can be prohibitively expensive, but you can get discounts that can help lower your rates. Some discounts apply automatically when you quote, but a few must be specifically requested prior to receiving the credit.

As a footnote on discounts, most discounts do not apply to the entire cost. Most only cut individual premiums such as comp or med pay. Despite the fact that it seems like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

The chart below illustrates the difference between Lincoln MKT insurance costs with and without discounts applied to the rates. The price estimates are based on a male driver, no accidents or driving violations, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, safe-driver, homeowner, and multi-policy discounts applied.

Companies that possibly offer some of the above discounts include:

It’s a good idea to ask each company which discounts they offer. Savings may not be available in your state.

Exclusive and independent auto insurance agents

Some consumers just prefer to buy from a licensed agent and that is OK! One of the best bonuses of comparing rate quotes online is the fact that you can find cheaper rates but also keep your business local.

Miami insurance agentsTo find an agent, once you fill out this form (opens in new window), your insurance data is sent to insurance agents in Miami that can give you free Miami car insurance quotes to get your business. There is no reason to contact an agency since rate quotes are delivered to the email address you provide. You can find better rates without a big time investment. If you wish to get a price quote for a specific company, feel free to jump over to their website and fill out their quote form.

Picking the best insurer is decision based upon more than just a cheap price quote. These questions are important to ask:

Exclusive and independent Miami car insurance agents

If you are wanting to purchase auto insurance from an insurance agent, it’s important to understand the different agency structures to choose from. Insurance agencies in Miami are considered either exclusive or independent (non-exclusive).

Exclusive Auto Insurance Agencies

Exclusive agencies can only quote rates from one company and examples are American Family, State Farm, and AAA. They generally cannot shop your coverage around so keep that in mind. These agents are trained well on their company’s products which helps offset the inability to provide other markets.

Shown below are Miami exclusive agencies who may provide you with comparison quotes.

5209 NW 36th StMiami Springs, FL 33166(305) 887-9543View Map

Gus Figueredo – State Farm Insurance Agent
7950 W Flagler St #103Miami, FL 33144(305) 262-0440View Map

Rick Gonzalez – State Farm Insurance Agent
8830 Coral WayMiami, FL 33165(305) 226-3412View Map

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Independent Agencies or Brokers

Agents of this type do not have single company limitations and that enables them to quote your coverage amongst many companies and get you the best rates possible. If your premiums go up, your agent can switch companies which requires no work on your part. When comparing auto insurance rates, you should always compare prices from several independent agencies so that you have a good selection of quotes to compare.

The following are Miami independent insurance agents willing to provide price quote information.

AV Insurance Agency Inc
2497 NW 79th StMiami, FL 33147(305) 696-2291View Map

8833 Bird RdMiami, FL 33165(786) 409-2211View Map

3132 NW 7th StMiami, FL 33125(305) 649-1800View Map

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Florida auto insurance companies ranked

Choosing a highly-rated auto insurance provider is hard considering how many companies provide coverage in Miami. The ranking information shown below could help you choose which car insurance providers you want to consider purchasing coverage from.

Top 10 Miami Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

Top 10 Miami Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Affordable insurance premiums are possible

Throughout this article, we presented some good ideas how you can reduce Lincoln MKT insurance prices online in Miami. The most important thing to understand is the more times you quote, the better chance you’ll have of finding low cost Miami car insurance quotes. You may even find the biggest savings come from an unexpected company. They may only write in your state and offer lower rates than the large multi-state companies such as State Farm and Allstate.

When searching for affordable Lincoln MKT insurance quotes, you should never reduce needed coverages to save money. There have been many situations where drivers have reduced comprehensive coverage or liability limits only to regret that the small savings ended up costing them much more. Your objective should be to buy enough coverage at the best price but still have enough coverage for asset protection.

How to buy lower priced Lincoln MKT insurance in Miami

The best way we recommend to get discount Lincoln MKT insurance in Miami is to begin comparing prices regularly from insurers who can sell car insurance in Florida. This can be done by following these steps.

One bit of advice is to try to compare similar coverage information on every quote request and and to look at as many companies as you can. Doing this enables an accurate price comparison and and a good selection of different prices.

More detailed insurance information can be read in the articles below: