Cheap Insurance for a Lincoln MKZ in El Paso

Insurance rates Lincoln MKZ in El PasoInconceivable but true, almost 70% of drivers have been with the same company for a minimum of four years, and just under half have never compared car insurance rates at all. El Paso drivers could save approximately $1,800 a year just by shopping around, but most tend to underestimate how much savings they would realize if they switched.

If your goal is the lowest price, then the best way to find cheaper car insurance rates is to regularly compare quotes from insurance carriers in El Paso.

  1. Try to understand how companies set rates and the modifications you can make to prevent expensive coverage. Many things that increase rates such as distracted driving and an unacceptable credit rating can be rectified by making small lifestyle or driving habit changes.
  2. Quote rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO and State Farm, while independent agents can give you price quotes from many different companies.
  3. Compare the quotes to your current policy premium and see if there is a cheaper rate. If you find better rates, make sure there is no lapse in coverage.

The key thing to know about shopping around is to try to use the same level of coverage on each quote and and to analyze as many different companies as possible. This helps ensure a fair price comparison and a thorough price selection.

Smart Consumers Can Reduce Insurance Rates

Smart consumers have a good feel for some of the things that are used to determine the rates you pay for insurance. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that could result in lower rates.

The following are just a few of the factors used by insurance companies to determine premiums.

Lincoln MKZ insurance rate analysis

The premium information shown next showcases estimates of insurance coverage prices for Lincoln MKZ models. Having insight into how insurance policy rates are established helps drivers make smart choices when selecting a coverage provider.

Lincoln MKZ Insurance Rates in El Paso, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $262 $532 $440 $26 $132 $1,392 $116
MKZ AWD 4-Dr Sedan $262 $532 $440 $26 $132 $1,392 $116
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Data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific location which can influence prices substantially.

Drive responsibly or pay higher rates

The information below illustrates how speeding tickets and at-fault collisions can impact Lincoln MKZ yearly insurance costs for different age groups of insureds. The data assumes a married male driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.

Comparison of full coverage and liability-only policies

The chart below illustrates the comparison of Lincoln MKZ car insurance rates with full physical damage coverage compared to only buying liability only. The rate quotes are based on no claims or driving citations, $250 deductibles, drivers are not married, and no policy discounts are applied.

Should you pay for full coverage?

There is no set guideline for excluding full coverage, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Lincoln MKZ replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $7,000 after paying your deductible. If you are paying over $700 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some scenarios where dropping full coverage is not advised. If you still have a lienholder on your title, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not eliminate full coverage.

Get cheaper Lincoln MKZ insurance in El Paso with discounts

Buying insurance is not cheap, but you may qualify for discounts that many consumers don’t even know exist. Certain discounts will be triggered automatically at the time of quoting, but less common discounts must be inquired about prior to getting the savings. If you do not double check each discount you deserve, you’re just leaving money on the table.Insurance discounts

It’s important to note that most discount credits are not given to the overall cost of the policy. Most only cut the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like you could get a free insurance policy, company stockholders wouldn’t be very happy.

The diagram below shows the difference between Lincoln MKZ insurance costs with and without discounts applied. The information is based on a female driver, no accidents or driving violations, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, multi-policy, marriage, and multi-car discounts applied.

Some of the insurance companies that have most of these discounts include:

It’s a good idea to ask every company to give you their best rates. Some credits might not apply in your area. If you would like to choose from a list of providers that have a full spectrum of discounts in Texas, click here to view.

How to find a good El Paso auto insurance company

Buying coverage from the highest-rated insurance provider is difficult considering how many choices drivers have in Texas. The information shown below may help you choose which companies you want to consider when comparing rate quotes.

Top 10 El Paso 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 El Paso Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Quote more and you will save more

We just presented a lot of ways to lower your Lincoln MKZ insurance premium rates in El Paso. The key thing to remember is the more times you quote, the higher the chance of saving money. You may even discover the best price on insurance is with a small local company. Smaller companies may often insure only within specific states and give better rates as compared to the big name companies such as State Farm or Progressive.

When buying insurance coverage, you should never sacrifice coverage to reduce premiums. In too many instances, an insured dropped collision coverage only to regret they didn’t purchase enough coverage. Your focus should be to find the BEST coverage for the lowest cost while still protecting your assets.

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