Affordable Quotes for Lincoln MKZ Insurance in Los Angeles

Insurance rates Lincoln MKZ in Los AngelesDo you want to save money by finding the cheapest Lincoln MKZ insurance in Los Angeles? I can’t think of anyone who likes having to buy auto insurance, especially when the cost is too high.

A study showed that nearly 70% of drivers have purchased from the same company for more than four years, and 38% of drivers have never compared rates with other companies. California insurance shoppers could pocket approximately 35% a year by just comparing quotes, but they don’t know the amount of savings they would get if they bought a different policy. You have multiple insurers to choose from, and even though it’s nice to have a selection, so many choices can make it hard to find the best rates for Lincoln MKZ insurance in Los Angeles.

Cheap companies for Lincoln MKZ insurance

The auto insurance companies shown below are our best choices to provide free rate quotes in Los Angeles, CA. If multiple companies are listed, it’s highly recommended you compare several of them to get the most affordable price.

Coverage statistics and figures

The price information below covers estimates of insurance prices for Lincoln MKZ models. Learning more about how car insurance premiums are figured can help drivers make smart choices when purchasing an insurance policy.

Lincoln MKZ Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $314 $630 $500 $30 $150 $1,624 $135
MKZ AWD 4-Dr Sedan $314 $630 $500 $30 $150 $1,624 $135
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rates do not factor in specific location information which can change coverage rates greatly.

Insurance deductibles

The hardest decision when buying coverage is how high should the physical damage deductibles be. The following tables highlight the rate differences of buying low and high physical damage coverage deductibles. The first rate estimation uses a $100 deductible for physical damage and the second price grid uses a $500 deductible.

Lincoln MKZ insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $430 $932 $500 $30 $150 $2,067 $172
MKZ AWD 4-Dr Sedan $430 $932 $500 $30 $150 $2,067 $172
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Lincoln MKZ insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $314 $630 $500 $30 $150 $1,624 $135
MKZ AWD 4-Dr Sedan $314 $630 $500 $30 $150 $1,624 $135
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in specific zip code location which can lower or raise auto insurance rates significantly.

Based on this data, using a $100 deductible costs about $37 more each month or $444 each year averaged for all MKZ models than requesting the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 11 months between claims, you would most likely save money if you choose the higher deductible. Here is the way you can perform this determination yourself.

Average monthly premium for $100 deductibles: $172
Average monthly premium for $500 deductibles (subtract): – $135
Monthly savings from raising deductible: $37
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $37
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

An important sidenote is that raising deductibles results in more money out-of-pocket when you file a claim. You should have enough disposable income in order to pay the higher deductible.

The diagram below highlights how deductible selection and can impact Lincoln MKZ annual premium costs for different ages of insureds. The premiums assume a married female driver, comp and collision included, and no discounts are factored in.

Does full coverage make sense?

The diagram below shows the comparison of Lincoln MKZ insurance costs with and without full coverage. The information is based on no driving violations, no at-fault accidents, $250 deductibles, single marital status, and no discounts are applied.

Guidelines for dropping full coverage

There is no set rule to exclude full coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% 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 say your Lincoln MKZ replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after the policy deductible has been paid. If you are paying more than $300 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where removing full coverage is not a good plan. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage.

The Lincoln MKZ Insurance Rate Equation

Many different elements are part of the calculation when premium rates are determined. Some factors are common sense like a motor vehicle report, although others are not as apparent like your continuous coverage or how financially stable you are. Part of the insurance buying process is learning some of the things that help determine your policy premiums. If you know what positively or negatively impacts your premiums, this allows you to make good choices that can earn you lower rates.

The list below includes a partial list of the pieces utilized by car insurance companies to help set rates.

Alarms and GPS tracking lower rates – Selecting a car model with a theft deterrent system can get you a discount on your insurance. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft and help lower rates.

Having a spouse can save you money – Your spouse helps lower the price on your insurance policy. Having a significant other usually means you are more stable financially and insurance companies reward insureds because being married results in fewer claims.

Liability insurance is critical – The liability coverage on your policy is the coverage that protects you if ever you are found to be at fault for an accident. Liability provides for a legal defense which can cost a lot. This coverage is very inexpensive compared to comp and collision, so drivers should make sure they buy enough to cover all assets.

Continuous insurance coverage saves money – Allowing your coverage to lapse will be a guaranteed way to increase your rates. Not only will you pay more, not being able to provide proof of insurance might get you fines or a revoked license. You may have to submit proof of financial responsibility or a SR-22 with the California DMV.

Loss statistics for a Lincoln MKZ – Companies use claims history to calculate a price that will offset losses. Models that are shown to have increased claim numbers or amounts will be charged more to insure.

The next table illustrates the historical loss data for Lincoln MKZ vehicles. For each coverage type, the claim probability for all vehicles, regardless of make or model, equals 100. Percentage values below 100 indicate a favorable loss history, while values that are above 100 indicate more frequent claims or tendency to have higher losses.

Lincoln MKZ Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Lincoln MKZ 4dr 2WD 137 85 107 95 89 75
Lincoln MKZ 4dr 4WD 140 82 126 99
Lincoln MKZ Hybrid 4dr 148 84 100 74 82 76

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Los Angeles car insurance discounts

Car insurance is easily one of your largest bills, but there may be some discounts that many people don’t even know exist. Some discounts will apply when you purchase, but less common discounts must be specially asked for prior to receiving the credit. If you are not receiving all the discounts you deserve, you may be paying too high a price.Cheaper car insurance with discounts

We need to note that most discounts do not apply to the entire cost. Some only apply to the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like adding up those discounts means a free policy, you won’t be that lucky.

The diagram below shows the difference between Lincoln MKZ premium costs with and without discounts applied to the policy premium. The data is based on a male driver, no claims or violations, California 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 claim-free, multi-car, homeowner, marriage, safe-driver, and multi-policy discounts applied.

Some of the larger companies that may offer these benefits are:

If you want the cheapest Lincoln MKZ rate quotes, ask all companies you are considering what discounts are available to you. Savings might not be offered in Los Angeles. For a list of companies that can offer you the previously mentioned discounts in California, click here to view.

Auto insurance quotes from local neighborhood Los Angeles car insurance agents

A small number of people just prefer to sit down and talk to an agent and that is not a bad decision Licensed agents can help you build your policy and give you someone to call. An additional benefit of comparing rate quotes online is that you can find lower rates and still choose a local agent.

Los Angeles insurance agentsAfter filling out this form (opens in new window), the quote information is emailed to local insurance agents in Los Angeles who want to provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to even leave your home as quotes are delivered instantly to you. If you want to get a price quote from a specific auto insurance provider, just jump over to their website and fill out their quote form.

Picking an company should depend on more than just a cheap price. The questions below may impact your decision as well.

If you are wanting to purchase auto insurance from a reliable insurance agency, it’s helpful to know the types of insurance agents that you can select. Auto insurance agents in Los Angeles can be classified as either exclusive or independent agents depending on their company appointments. Either type can properly insure your vehicles, but it’s good to learn the difference in how they write coverage since it may influence your agent selection.

Exclusive Agencies

Exclusive agencies can only place business with one company like AAA, Allstate, and State Farm. Exclusive agencies are unable to provide other company’s prices so they have no alternatives for high prices. Exclusive agents are highly trained on their company’s products and that enables them to sell even at higher rates.

Below is a short list of exclusive agents in Los Angeles who can help you get price quote information.

5858 N Figueroa St aLos Angeles, CA 90042(323) 478-9346View Map

3130 S Sepulveda Blvd fLos Angeles, CA 90034(310) 479-0080View Map

750 Colorado BlvdLos Angeles, CA 90041(323) 257-1107View Map

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Independent Agencies or Brokers

Agents of this type are not locked into one company so they can write business with any number of different companies and find the cheapest rate. If you are not satisfied with one company, your agent can just switch to a different company and you can keep the same agent. When comparing auto insurance rates, we recommend you include at a minimum one independent agency so that you can do a thorough price comparison.

Shown below is a short list of independent insurance agents in Los Angeles that can give you price quote information.

5331 N Figueroa StLos Angeles, CA 90042(323) 550-1444View Map

2861 Robertson BlvdLos Angeles, CA 90034(310) 280-0946View Map

4221 Wilshire Blvd #222Los Angeles, CA 90010(323) 934-8160View Map

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Don’t give up on cheap coverage

We just showed you many tips how you can save on Lincoln MKZ insurance in Los Angeles. The key concept to understand is the more times you quote, the better your chances of lowering your auto insurance rates. You may even be surprised to find that the lowest rates are with a company that doesn’t do a lot of advertising. They may only write in your state and offer lower auto insurance rates than their larger competitors like Allstate and Progressive.

When buying insurance coverage, it’s a bad idea to buy poor coverage just to save money. In too many instances, drivers have reduced liability limits or collision coverage only to find out that the small savings ended up costing them much more. Your goal is to purchase plenty of coverage for the lowest cost while not skimping on critical coverages.

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