Save Money on Lincoln MKX Insurance in Durham

The best way we recommend to save money on Lincoln MKX insurance is to start doing an annual price comparison from insurance carriers that sell auto insurance in Durham.

Step 1: It will benefit you to learn about how car insurance works and the things you can control to prevent expensive coverage. Many rating criteria that cause rate increases like distracted driving and an unfavorable credit rating can be rectified by making minor driving habit or lifestyle changes.

Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like Progressive and State Farm, while independent agents can provide prices for many different companies. Begin your rate comparison

Step 3: Compare the price quotes to your existing rates to see if a cheaper rate is available. If you find a lower rate and make a switch, ensure coverage does not lapse between policies.

The critical component of shopping around is that you’ll want to make sure you compare identical coverage information on every price quote and and to analyze as many different companies as possible. This enables a fair price comparison and a complete price analysis.

Inconceivable but true, most auto insurance customers kept their coverage with the same auto insurance company for at least four years, and 38% of customers have never shopped around. Many drivers in North Carolina could cut their rates by roughly $94 a year just by shopping around, but they underestimate how much savings they would realize if they just switched companies.

Choosing the best insurance company for you in Durham can really be easy if you know what you’re doing. If you have insurance now, you should be able to reduce the price you pay using the tips covered below. But North Carolina drivers do need to understand how insurance companies compete online because it varies considerably.

Affordable companies for Lincoln MKX insurance

The providers in the list below are our best choices to provide price quotes in Durham, NC. In order to find the cheapest auto insurance in NC, we suggest you compare several of them in order to get a fair rate comparison.

Rates and data analysis

The information shown below covers a range of insurance rates for Lincoln MKX models. Understanding how insurance quotes are figured can assist in making smart choices when purchasing an auto insurance policy.

Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Rates do not factor in specific Durham garaging location which can raise or lower price quotes substantially.

Deductible comparison

One common question asked by Durham drivers is what deductibles to buy. The rates below determine the price difference when you choose different policy deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Estimates do not factor in zip code location which can modify auto insurance rates greatly.

Based on the above data, using a $250 deductible costs about $11 more each month or $132 annually averaged for all MKX models than requesting the higher $500 deductible. Because you would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you have at a minimum 23 months between claim filings, you would probably save some money if you choose the higher deductible.

Gender-based auto insurance rates by age

The information below visualizes the comparison of Lincoln MKX auto insurance costs for male and female drivers. The rates are based on no claims or driving violations, comprehensive and collision coverage, $500 deductibles, marital status is single, and no other discounts are factored in.

Lincoln MKX full coverage rates compared to liability only

The illustration below visualizes the comparison of Lincoln MKX car insurance rates with full coverage and liability only. The information is based on no claims or violations, $250 deductibles, single status, and no discounts are applied to the premium.

Should you be buying full coverage?

There is no definitive rule that is best for determining when to drop physical damage coverage, but there is a broad guideline. If the annual cost of having full coverage is more than about 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let’s pretend your Lincoln MKX claim settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $2,000 after paying your policy deductible. If it’s costing in excess of $200 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some conditions where dropping physical damage coverage is not recommended. If you still have a lienholder on your title, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

Lower your insurance rates with discounts

Car insurance is not cheap, but you might be missing out on some discounts to help bring down the price. Some discounts apply automatically when you purchase, but some must be inquired about prior to receiving the credit.

• Braking Control Discount – Cars and trucks with anti-lock braking systems are much safer to drive so you can save 10 percent or more.
• Pay Now and Pay Less – If you pay your entire premium ahead of time instead of paying each month you can avoid the installment charge.
• Durham Homeowners Discount – Being a homeowner can save you money since home ownership shows financial diligence.
• Drivers Ed for Students – Require your teen driver to enroll in driver’s education if it’s offered in school.
• Cautious Driver Discounts – Insureds without accidents can save up to 40% or more on their Durham auto insurance quote compared to rates paid by drivers with frequent claims.
• Military Discounts – Having a deployed family member may qualify for rate reductions.
• Savings for New Vehicles – Insuring a new MKX can cost up to 25% less because new vehicles have to meet stringent safety requirements.
• First Accident Forgiveness – This one isn’t a discount, but some companies like State Farm and GEICO permit an accident without getting socked with a rate hike if your claims history is clear prior to being involved in the accident.

Remember that most of the big mark downs will not be given to the entire cost. Some only reduce specific coverage prices like comprehensive or collision. So when it seems like you would end up receiving a 100% discount, nobody gets a free ride.

The chart below illustrates the comparison of Lincoln MKX annual premium costs with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no claims or driving violations, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, claim-free, multi-policy, marriage, and multi-car discounts applied.

Companies who may offer these discounts include:

• Progressive
• MetLife
• Mercury Insurance
• Nationwide
• GEICO
• AAA

If you need affordable Durham auto insurance quotes, ask every prospective company what discounts are available to you. Savings may not apply in Durham. To see insurance companies that offer some of these discounts in North Carolina, click here to view.

Comparing quotes from local Durham insurance agencies

A small number of people just want to visit with an insurance agent and we recommend doing that One of the best bonuses of price shopping on the web is that drivers can save money and get the lowest rates but still work with a licensed agent.

By using this form (opens in new window), your information is transmitted to companies in Durham that can provide free Durham auto insurance quotes for your insurance coverage. There is no need to contact any insurance agencies since price quotes are sent directly to your email. You can get cheaper car insurance rates without a big time investment. If you have a need to get a rate quote from a specific company, you just need to go to their quote page and give them your coverage information.

Finding the right company requires you to look at more than just the quoted price. Any good agent in Durham should know the answers to these questions.

• How does the company pay claims for a total loss?
• Does the agent help file claims?
• What kind of financial rating does the company have?
• What insurance companies do they work with in Durham?
• Which companies do they recommend if they are an independent agency?
• Does the agent have a valid license to sell insurance in North Carolina?
• How much will you save each year by using a higher deductible?

What type of Durham car insurance agent is right for you?

If you want to buy car insurance from a local Durham insurance agency, there are a couple of different agency structures that differ in how they can insure your vehicles. Insurance agencies in Durham may be either exclusive or independent.

Exclusive Agents

Agents that choose to be exclusive have only one company to place business with and some examples include State Farm, Allstate and AAA. These agents are unable to compare other company’s rates so they have to upsell other benefits. Exclusive agencies are trained well on their company’s products and that can be a competitive advantage.

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

More Durham agents

Independent Agents (or Brokers)

Agents that elect to be independent can quote rates with many companies and that enables them to quote your coverage through many companies and possibly get better coverage at lower prices. If prices rise, they can switch companies in-house and you can keep the same agent. If you need lower rates, you definitely need to get several quotes from several independent insurance agents to maximize your price options.

The following is a list of independent insurance agents in Durham that can give you price quotes.

More Durham agents

Best auto insurance company in North Carolina

Picking a good quality insurer can be difficult considering how many companies sell insurance in Durham. The company ratings in the lists below may help you choose which coverage providers to look at when looking for cheaper rates.

Top 10 Durham Car Insurance Companies Ranked by Customer Service

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

Top 10 Durham Car Insurance Companies Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. The General
8. 21st Century
9. Esurance
10. Titan Insurance

Quote. Compare. Save.

Budget-conscious Lincoln MKX insurance is available both online in addition to local insurance agencies, and you should compare rates from both to have the best rate selection. Some auto insurance companies may not offer rate quotes online and these small, regional companies work with independent insurance agencies.

When buying insurance coverage, you should never skimp on coverage in order to save money. There are a lot of situations where an insured dropped collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage for the lowest price but still have enough coverage for asset protection.

More tips and info about auto insurance can be found in these articles:

• Safety Tips for Teen Drivers (Insurance Information Institute)
• Who Has the Cheapest Durham Car Insurance Quotes for Homeowners? (FAQ)
• Who Has Cheap Auto Insurance Rates for Used Cars in Durham? (FAQ)
• Who Has the Cheapest Car Insurance Rates for Teenage Males in Durham? (FAQ)
• Who Has Cheap Car Insurance Rates for a Nissan Sentra in Durham? (FAQ)
• How to Avoid Staged Accidents (State Farm)
• Crash Avoidance Technologies FAQ (iihs.org)
• Distracted Driving Extends Beyond Texting (State Farm)
• Older Driver Statistics (Insurance Information Institute)