Trying to find cheaper insurance for your Lincoln MKS in Nevada can be a painful process, but you can learn a few tricks to save time.
There are both good and bad ways to shop for insurance and you need to know the quickest way to quote coverages for a new or used Lincoln and find the lowest possible price either online or from Las Vegas insurance agents.
It’s a good idea to compare rates before your next renewal because prices change regularly. Even if you think you had the lowest price on Lincoln MKS insurance in Las Vegas six months ago you can probably find a lower rate today. Ignore everything you know about insurance because it’s time to teach you one of the best ways to properly buy coverages and cut your premium.
Finding cheaper Lincoln MKS auto insurance quotes is an easy way to save money. You just need to spend a little time to compare rates from online providers.
The companies shown below are our best choices to provide free quotes in Nevada. If you want to find cheap car insurance in Las Vegas, we recommend you visit several of them to find the lowest car insurance rates.
Rates and detailed analysis
The table displayed below highlights different coverage costs for Lincoln MKS models. Having insight into how car insurance premiums are figured is important for drivers to make decisions on which coverage to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MKS AWD 4-Dr Sedan||$238||$504||$316||$18||$94||$1,170||$98|
|MKS 4-Dr Sedan||$238||$504||$316||$18||$94||$1,170||$98|
|MKS Ecoboost AWD 4-Dr Sedan||$262||$572||$316||$18||$94||$1,262||$105|
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Information does not factor in vehicle location which can affect premium rates significantly.
Insurance is not optional
Despite the high cost, paying for insurance is not optional due to several reasons.
First, just about all states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability insurance in order to be legal. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your MKS, it’s guaranteed your bank will make it mandatory that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the lender will be forced to insure your Lincoln at a much higher premium rate and make you pay much more than you were paying before.
Third, insurance protects both your car and your assets. It will also reimburse you for medical bills for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you are sued as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your MKS are without a doubt worth the cost, especially for larger claims. Despite what companies tell you, the average driver is wasting up to $820 a year so smart consumers compare quotes at least once a year to ensure rates are competitive.
How Your MKS Insurance Prices are Determined
A large part of saving on car insurance is knowing the different types of things that aid in calculating your car insurance rates. If you have a feel for what influences your rates, this helps enable you to make changes that could result in much lower annual insurance costs. Lots of things are used when you get your auto insurance bill. Some of the criteria are obvious like an MVR report, but some are not as apparent like your vehicle usage or your vehicle rating.
Higher rates for tough vocations – Jobs like fire fighters, social workers, and miners are shown to have higher rates than the rest of us attributed to intense work requirements and extremely grueling work hours. Other jobs such as scientists, students and homemakers pay lower than average rates.
Don’t let your coverage lapse – Driving your car without having proper coverage is against the law and any future policy may cost more because you let your coverage lapse. And not only will your rates increase, not being able to provide proof of insurance could result in fines or a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Nevada motor vehicle department to get your license reinstated.
Teenage vs. mature drivers – Older drivers are shown to be more cautious, cost insurance companies less in claims, and are safer drivers. Youthful drivers are statistically shown to be inattentive behind the wheel so car insurance rates are higher.
The chart below uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Tickets hurt – Having a single driving citation may cause rates to rise twenty percent or more. Good drivers pay less for auto insurance as compared to those with violations. People who have multiple violations such as reckless driving or DUI may find they need to maintain a SR-22 with their state in order to keep their license.
The chart below demonstrates how traffic citations and accident claims can affect Lincoln MKS insurance rates for each different age group. The premiums assume a single male driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.
Incidental coverages push up rates – Policies have extra coverages that you can buy if you don’t pay attention. Coverages like personal injury protection, better glass coverage, and term life insurance may not be needed and are just wasting money. These may sound like a good investment initially, but if you’ve never needed them in the past get rid of them and save.
No claims equals cheap rates – Car insurance companies in Nevada generally give cheaper rates to policyholders who file claims infrequently. If you file a lot of claims you can expect either policy cancellation or increased premiums. Your insurance policy is designed for more catastrophic claims.
Safer occupants lowers car insurance rates – Cars with five star safety ratings tend to have lower insurance rates. These vehicles reduce injuries and lower rates of occupant injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders.
The type of vehicle you drive affects your costs – The make and model of the car or truck you are insuring makes a big difference in your car insurance bill. The lowest rates will generally be found on the lowest performance passenger models, but many other things help determine your insurance rates.
The next chart uses these variables: married male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Lincoln MKS policy rates compared to other models of vehicles that have a range of performance rating factors.
Loss probability for a Lincoln MKS – Companies use data from past claims to help calculate a profitable premium price. Vehicles that are shown to have high amounts or severity of claims will cost more for coverage. The table below outlines the loss history for Lincoln MKS vehicles.
For each policy coverage type, the loss probability for all vehicles compiled together equals 100. Values that are below 100 represent a good loss history, while percentage values above 100 indicate a higher chance of having a claim or an increased likelihood of larger losses.
|Specific Lincoln Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Lincoln MKS 4dr 2WD||121||90||140||78||103|
|Lincoln MKS 4dr 4WD||135||89||204||89|
|Lincoln MKS Ecoboost 4dr 4WD||139||93||153||87|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
We covered many tips how you can save on Lincoln MKS insurance in Las Vegas. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest rates are with the smaller companies.
While you’re price shopping online, do not reduce coverage to reduce premium. Too many times, an insured cut full coverage to discover at claim time that it was a big mistake. Your goal should be to purchase plenty of coverage at the best cost, but do not skimp to save money.
Cost effective Lincoln MKS insurance can be sourced from both online companies in addition to local insurance agencies, so you should compare both in order to have the best price selection to choose from. Some insurance providers do not offer internet price quotes and many times these smaller providers provide coverage only through independent insurance agents.
How to find cheaper rates for Lincoln MKS insurance in Las Vegas
Truthfully, the best way to get budget Lincoln MKS insurance in Las Vegas is to do a yearly price comparison from insurance carriers who sell auto insurance in Nevada.
- First, read about how insurance companies determine prices and the things you can control to prevent expensive coverage. Many policy risk factors that increase rates such as at-fault accidents, speeding tickets, and a lousy credit rating can be rectified by paying attention to minor details.
- Second, compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO or Farmers Insurance, while independent agents can provide rate quotes from multiple companies.
- Third, compare the new rate quotes to your existing coverage to see if a cheaper price is available in Las Vegas. If you find a lower rate and decide to switch, make sure coverage does not lapse between policies.
- Fourth, notify your agent or company to cancel your existing policy. Submit a completed policy application and payment to your new insurance company. Immediately place the new certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.
One key aspect of rate comparisons is to make sure you’re comparing the same liability limits and deductibles on every quote request and and to get price estimates from as many different companies as possible. Doing this ensures an accurate price comparison and a good representation of prices.
Even more information is located at these sites:
- Insurance Losses by Make and Model (iihs.org)
- Who Has Cheap Las Vegas Car Insurance Quotes for Teenage Females? (FAQ)
- Who Has Cheap Las Vegas Auto Insurance for Drivers with Accidents? (FAQ)
- Who Has the Cheapest Auto Insurance for a Toyota RAV4 in Las Vegas? (FAQ)
- Understanding Limits and Deductibles (Allstate)
- Winter Driving (Insurance Information Institute)