Affordable Lincoln MKT Insurance in Denver

Searching for lower-cost Denver Lincoln MKT insurance quotes online may be rather challenging for drivers who are new to shopping for insurance on the internet. With a ridiculous number of companies competing online, how can Denver drivers be able to compare the different rates to find the cheapest rates?

Insurance for Lincoln MKTAmazlingly, a recent study showed that nearly 70% of consumers renewed their policy with the same company for more than four years, and just short of a majority have never taken the time to shop around. With the average premium in the United States being $1,847, drivers can save hundreds of dollars each year by just comparing rate quotes, but they don’t believe the amount of money they would save if they swap their current policy for a cheaper one.

You should make it a habit to compare premium rates before your policy renews because insurance prices change quite often. Despite the fact that you may have had the best rates on Lincoln MKT insurance in Denver two years ago there is a good chance you can find better rate quotes now. Forget anything you know (or think you know) about insurance because you’re about to learn the quickest way to save money, get proper coverage and the best rates.

The most recommended method to compare insurance rates from multiple companies is to understand car insurance companies will pay a fee to provide you with a free rate quote. The only thing you need to do is give the companies some data including your job, whether your vehicle is owned or leased, whether or not you need a SR-22, and if you went to college. The rating information is then submitted to multiple top-rated companies and you get price estimates almost instantly.

To compare rates for your Lincoln MKT now, click here and see if a lower rate is available in Denver.

The companies shown below offer price quotes in Colorado. If the list has multiple companies, we recommend you compare several of them to find the most competitive car insurance rates.

Lincoln MKT Insurance Rates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $182 $332 $416 $24 $124 $1,078 $90
MKT 3.7 AWD $410 $852 $480 $28 $144 $1,914 $160
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Estimates do not factor in specific Denver garaging location which can impact premiums greatly.

Rate comparison for different deductibles

A question often asked by Denver drivers is where should you set your physical damage deductibles. The rates below approximate the rate differences between high and low coverage deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second set of rates uses a $500 deductible.

Lincoln MKT insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $380 $644 $396 $24 $118 $1,587 $132
MKT 3.7 AWD $420 $740 $396 $24 $118 $1,723 $144
Get Your Own Custom Quote Go

Lincoln MKT insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $278 $434 $396 $24 $118 $1,250 $104
MKT 3.7 AWD $306 $500 $396 $24 $118 $1,344 $112
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rates do not factor in specific Denver garaging location which can alter auto insurance rates considerably.

Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $30 more each month or $360 every year than choosing the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you have at least 13 months between claims, you would probably save some money if you choose a higher deductible. The table below illustrates how you can decide this on your own policy.

Average monthly premium for $100 deductibles: $138
Average monthly premium for $500 deductibles (subtract): – $108
Monthly savings from raising deductible: $30
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One thing to note is that raising deductibles to get cheaper rates results in having to pay to pay more out-of-pocket when you have to file a claim. You need to make sure you have enough extra money in order to pay the deductible for vehicle repair.

Tickets and at-fault accidents raise rates

The diagram below demonstrates how traffic citations and accident claims can increase Lincoln MKT premium costs for different age groups. Data assumes a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.

Insurance rates and discounts

Insuring your vehicles can cost a lot, but there could be available discounts to help offset the cost. Some trigger automatically at the time you complete a quote, but occasionally some discounts must be asked about before being credited.Discount insurance

Just know that most credits do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. So when it seems like you would end up receiving a 100% discount, companies don’t profit that way.

Auto insurance companies that have these discounts are:

When quoting, ask all companies you are considering which discounts can lower your rates. Some credits might not apply everywhere. If you would like to see a list of insurance companies who offer free Lincoln MKT insurance quotes in Colorado, click this link.

Best reasons to buy car insurance in Colorado

Despite the high insurance cost for a Lincoln MKT in Denver, insurance is a good idea for several reasons.

The benefits of buying car insurance more than offset the price you pay, especially for larger claims. But the average driver in Colorado is overpaying more than $865 each year so it’s recommended you shop around each time the policy renews to be sure current rates are still competitive.

When to get professional advice

Always remember that when buying coverage, there really is not a “perfect” insurance plan. Every situation is different and a cookie cutter policy won’t apply.Higher deductibles save money
For instance, these questions may help you determine whether your personal situation could use an agent’s help.

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Insurance agencies near you

Certain consumers still prefer to buy from a licensed agent and we recommend doing that An additional benefit of comparing insurance online is you can get cheaper prices and still choose a local agent. And providing support for small agencies is especially important in Denver.

To find an agent, once you fill out this quick form, your insurance data is submitted to agents in your area who will give competitive quotes to get your business. It’s much easier because you don’t need to find an agent on your own due to the fact that quote results will go to the email address you provide. You can find lower rates without requiring a lot of work. If you wish to get a rate quote from a particular provider, just go to their quote page and fill out their quote form.

If you’re trying to find a local insurance agency, you must know there are a couple types of insurance agents and how they differ in how they can insure your vehicles. Agencies in Denver can be described as either independent or exclusive.

Independent Agents (or Brokers)

Agents in the independent channel are not locked into one company and that is an advantage because they can write policies with multiple insurance companies enabling the ability to shop coverage around. If they quote lower rates, your agent can just switch to a different company and you don’t have to do anything. If you need lower rates, you will want to include at a minimum one independent agency to have the best price comparison. Most independent agents also contract with smaller regional carriers which may provide better rates.

Featured below are independent insurance agents in Denver who may be able to give you price quote information.

More Denver agents

Exclusive Agents

Agents that choose to be exclusive have only one company to place business with like State Farm, Allstate and AAA. Exclusive agents cannot provide prices from multiple companies so they are skilled at selling on more than just price. Exclusive agents are trained well on what they offer which helps them sell on service rather than price. Consumers sometimes purchase coverage from exclusives mostly because of the prominence of the brand and solid financial strength.

Shown below are Denver exclusive agencies that are able to give rate quotes.

More Denver agents

Finding a good insurance agent should depend on more than just the premium amount. Here are some questions to ask:

After you get positive responses to any questions you have and a low price estimate, you may have just found an auto insurance agent that meets the requirements to insure your vehicles. Just remember consumers can terminate your policy at any time so don’t think you’re contractually obligated to a specific agent for the entire policy term.