How to Compare Miami Lincoln MKZ Insurance

Everyone knows that auto insurance companies don’t want you to look at other companies. Consumers who do rate comparisons are highly likely to buy a new policy because there are good odds of finding a more affordable policy premium. A study showed that people who make a habit of shopping around saved over $865 a year as compared to drivers who don’t make a habit of comparing rates.

If finding the lowest price on Lincoln MKZ insurance in Miami is why you’re reading this, then understanding how to get price quotes and compare insurance coverage can make the process more efficient.

Discount Lincoln MKZ insuranceIf you want to save the most money, the best way to get the cheapest Lincoln MKZ insurance is to make a habit of comparing prices annually from insurers who can sell car insurance in Miami. You can shop around by following these guidelines.

The critical component of shopping around is that you’ll want to compare the same level of coverage on every price quote and and to get rate quotes from every company you can. This ensures an apples-to-apples comparison and the best price quote selection.

The quickest way to compare car insurance company rates for Lincoln MKZ insurance in Miami is to understand most insurance companies participate in a system to give you rate quotes. The one thing you need to do is give them rating details such as an estimate of your credit level, the make and model of your vehicles, driver details, and how many miles driven. Your details gets sent immediately to insurance companies and you receive quotes almost instantly.

If you would like to compare rates now, click here and find out if lower rates are available in Miami.

The companies in the list below can provide comparison quotes in Miami, FL. If you want the best car insurance in Miami, we suggest you get rate quotes from several of them to get the best price comparison.

Lincoln MKZ insurance rate analysis

The price information below covers different insurance rates for Lincoln MKZ models. Having a better understanding of how rates are figured is important for you to make smart policy decisions.

Lincoln MKZ Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $414 $736 $618 $36 $184 $1,988 $166
MKZ AWD 4-Dr Sedan $414 $736 $618 $36 $184 $1,988 $166
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Premium amounts do not factor in specific garaging location which can affect auto insurance rates considerably.

Higher deductibles lower rates

A question often asked by Miami drivers is how high should the deductibles for physical damage be. The comparison tables below show the premium difference when you select higher and lower policy deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Lincoln MKZ insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $406 $880 $472 $28 $142 $1,953 $163
MKZ AWD 4-Dr Sedan $406 $880 $472 $28 $142 $1,953 $163
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Lincoln MKZ insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $296 $594 $472 $28 $142 $1,532 $128
MKZ AWD 4-Dr Sedan $296 $594 $472 $28 $142 $1,532 $128
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in specific garaging location which can increase or decrease premium rates considerably.

Based on these figures, using a $100 deductible costs roughly $35 more each month or $420 each year across all Lincoln MKZ models than quoting the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 11 months between claim filings, you would more than likely save some money if you decide on a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $100 deductibles: $163
Average monthly premium for $500 deductibles (subtract): – $128
Monthly savings from raising deductible: $35
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

Rate difference between full and liability-only coverage

The example below visualizes the comparison of Lincoln MKZ auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no claims or driving citations, $100 deductibles, single marital status, and no policy discounts are applied.

When to switch to liability coverage only

There is no set guideline of when to drop full coverage, but there is a general convention. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Lincoln MKZ settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after paying the physical damage deductible. If you are paying over $500 a year for your policy with full coverage, then you may need to consider dropping full coverage.

There are some circumstances where removing full coverage is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

Can’t I compare rates from local Miami insurance agents?

Many people prefer to have an agent’s advice. Good insurance agents can make sure you are properly covered and help file insurance claims. A good thing about comparing insurance prices online is that you can obtain the best rates and still choose a local agent. Buying insurance from neighborhood agents is important especially in Miami.

Miami insurance agentsOnce you complete this quick form, your insurance coverage information is sent to participating agents in Miami that provide free Miami auto insurance quotes for your insurance coverage. You never need to find an agent on your own since rate quotes are delivered to you instantly. In the event you want to compare prices for a specific company, feel free to navigate to their website and complete a quote there.

Auto insurance agents in Miami come in two varieties

If you want to use a good Miami insurance agent, you should know the types of insurance agents to choose from. Agencies in Miami can be described as either independent or exclusive. Both do a good job, but it’s important to point out how they differ because it can impact your selection of an agent.

Independent Insurance Agents

These agents do not sell for just one brand so they can insure your vehicles through many companies depending on which coverage is best. If they find a lower price, an independent agent can move your coverage and you can keep the same agent. If you need lower rates, you definitely need to get quotes from at a minimum one independent agency to have the most options to choose from.

Featured below are independent agents in Miami that may be able to give you competitive price quotes.

Exclusive Insurance Agency Inc.
7175 SW 8th St #203Miami, FL 33144(305) 263-4855View Map

Oliva Insurance Agency Inc
370 Miracle MileMiami, FL 33134(305) 270-1447View Map

Miami Insurance Agency
3313 NW 7th StMiami, FL 33125(305) 541-4553View Map

More Miami agents

Exclusive Auto Insurance Agents

Agents in the exclusive channel normally can only provide a single company’s rates like Allstate, Farmers Insurance, State Farm, and AAA. They generally cannot give you multiple price quotes so they really need to provide good service. Exclusive agents are usually well trained on their company’s products which helps them sell on service rather than price.

Below are Miami exclusive agencies that are able to give price quote information.

8514 SW 8th StMiami, FL 33144(305) 595-2911View Map

1110 Brickell Ave Ste 105Miami, FL 33131(305) 379-3666View Map

2250 S Dixie Hwy Ste. 2Miami, FL 33133(305) 860-0616View Map

More Miami agents

Finding the right insurance agency should depend on more than just a cheap quote. Any agent in Miami should be forthright in answering these questions:

If you receive answers to your satisfaction to any questions you may have in addition to an acceptable price estimate, you have narrowed it down to an auto insurance agent that can be trusted to insure your vehicles.

Florida auto insurance companies

Finding a good quality car insurance provider is difficult considering how many companies there are to choose from in Miami. The company information displayed below may help you decide which providers you want to consider shopping prices with.

Top 10 Miami Car Insurance Companies by A.M. Best Rank

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+

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%