Cheapest Insurance for a Lincoln MKX in Denver

Confused by the sheer number of car insurance sources in your area? Many other people are too. You have so many options that it can be a big hassle to find a more affordable company. Denver is the perfect city to reside in, but high car insurance prices can make it impossible to affordably insure vehicles.

It’s astonishing, but the vast majority of consumers kept their coverage with the same car insurance company for a minimum of four years, and almost 40% of drivers have never even compared quotes to find cheaper rates. Consumers in Denver could cut their rates by nearly $610 a year just by comparing rates, but most undervalue how much savings they would realize if they replace their high priced policy.

It’s a good idea to compare prices before your next renewal since insurance prices tend to go up over time. Even if you got the best price on Lincoln MKX insurance in Denver a couple years back you will most likely find a better rate quote today. You can find a lot of wrong information about MKX insurance out there, but in this article, you’re going to get some proven techniques to find affordable car insurance in Denver.

Our objective is to help you learn how car insurance quotes work and how to save the most money. If you are already insured, you stand a good chance to be able to lower your rates using the ideas presented in this article. But Colorado consumers need to learn the methods companies use to determine what you pay and take advantage of how the system works.

Just keep in mind that making a lot of price comparisons helps increase your odds of locating more affordable rates.

The following companies offer comparison quotes in Colorado. If several companies are displayed, we recommend you compare several of them to find the most affordable car insurance rates.

Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rate quotes do not factor in specific Denver garaging location which can lower or raise insurance rates significantly.

Car insurance deductibles

The diagram below illustrates how your deductible choice and can raise or lower Lincoln MKX premium costs for different categories of driver ages. The price estimates are based on a single female driver, comp and collision included, and no discounts are taken into consideration.

Responsible drivers pay cheaper car insurance rates

The information below demonstrates how speeding tickets and at-fault accidents increase Lincoln MKX insurance premiums for each age group. Data assumes a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

Where to set your deductibles

One of the most common car insurance questions is what deductibles to buy. The following tables summarize the premium difference when you select higher and lower insurance deductibles. The first price estimate table uses a $250 physical damage deductible and the second price table uses a $500 deductible.

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

Using the premium rates above, we can conclude that using a $250 deductible will cost you roughly $15 more each month or $180 for a full year than quoting the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 17 months between claim filings, you would probably come out ahead if you choose the higher deductible.

An important thing to remember is that raising deductibles means you will have to pay more of your own money when you have a claim. You will want to have some extra funds in the event you have to pay the deductible to have repairs made.

Car insurance is not optional

Even though Denver MKX insurance rates can get expensive, insuring your vehicle is required for several reasons.

• The majority of states have compulsory liability insurance requirements which means you are required to carry a specific minimum amount of liability coverage if you don’t want to risk a ticket. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If your MKX has a lien holder, it’s most likely the lender will make it mandatory that you have physical damage coverage to protect their interest in the vehicle. If you default on your policy, the lender may insure your Lincoln at a much higher rate and require you to reimburse them for the expensive policy.
• Car insurance protects your Lincoln MKX and your assets. It will also cover medical bills that are the result of an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to have it repaired.

The benefits of buying car insurance are without a doubt worth the cost, especially when you need to use it. But the average driver in Colorado is overpaying over $850 per year so we recommend shopping around each time the policy renews to help ensure money is not being wasted.

Get cheaper Lincoln MKX insurance in Denver with discounts

Auto insurance is expensive, but you might already qualify for some discounts that could drop your premiums quite a bit. A few discounts will be applied when you purchase, but some may not be applied and must be specially asked for before being credited.

• Federal Employees – Active or former government employment can earn a discount up to 10% with some auto insurance companies.
• First Accident Forgiveness – Not necessarily a discount, but companies like Progressive, Allstate, and Liberty Mutual permit an accident before they charge you more for coverage as long as you don’t have any claims for a particular time prior to the accident.
• Seat Belt Discounts – Buckling up and requiring all passengers to buckle up before driving can save a little on the medical payments or PIP coverage costs.
• Denver Homeowners Pay Less – Owning your own home or condo can save you money because owning a home requires personal responsibility.
• Cautious Driver Discounts – Insureds who avoid accidents can save as much as half off their rates than less cautious drivers.
• Mature Driver Discount – If you’re over the age of 55, you are able to get better auto insurance rates.
• College Student – Youth drivers who attend college more than 100 miles from Denver and do not take a car to college may qualify for this discount.
• Pay Now and Pay Less – If you can afford to pay the entire bill as opposed to paying monthly you can avoid monthly service charges.
• E-sign Discounts – A few larger online companies provide a small discount for buying your policy online.
• Multiple Vehicles – Buying a policy with primary and secondary vehicles with the same auto insurance company can reduce rates for all insured vehicles.

Please keep in mind that some credits don’t apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as comp or med pay. If you do the math and it seems like all the discounts add up to a free policy, it just doesn’t work that way.

A partial list of companies who may offer these money-saving discounts possibly include:

• Travelers
• 21st Century
• State Farm
• GEICO
• SAFECO
• AAA

If you want the cheapest Lincoln MKX rate quotes, ask all companies you are considering which discounts they offer. Some discounts listed above might not be offered in Denver. To see providers that provide some of the discounts listed above in Colorado, click here to view.

Insurance agent or online?

Some consumers just prefer to have an agent’s advice and that is just fine! The best thing about comparing insurance online is you may find lower rates and still buy from a local agent. And buying from neighborhood agents is still important in Denver.

After completing this form (opens in new window), the quote information is sent to local insurance agents that provide free Denver auto insurance quotes to get your business. It’s much easier because you don’t need to contact an agency due to the fact that quote results will go to your email. You can find the lowest rates AND an agent nearby. In the event you want to get a price quote from a specific insurance company, you just need to visit that company’s website and submit a quote form there.

Listed below is a short list of insurance companies in Denver who can help you get price quote information for Lincoln MKX insurance in Denver.

• State Farm: Charles Insurance Agency
  1165 S Broadway #114 – Denver, CO 80210 – (303) 777-7161 – View Map
• Farmers Insurance Agent Mike
  I-25 – Denver, CO 80231 – (303) 752-2900 – View Map
• Allstate Insurance: Charles F. Simmons
  797 S Pearl St – Denver, CO 80209 – (303) 722-0191 – View Map
• Farmers Insurance – Angel Le
  1145 S Federal Blvd – Denver, CO 80219 – (303) 975-8911 – View Map

View more agents

Picking the best company should include more criteria than just the bottom line cost. Get answers to these questions too.

• Are they paid to recommend certain coverages?
• Does the agent have professional designations like CIC, CPCU or AIC?
• Is insurance their full-time profession?
• Do they offer rental car reimbursement?
• What are the financial ratings for the companies they represent?
• By raising physical damage deductibles, how much would you save?
• Can glass claims be handled at your home?
• Are they properly licensed to sell insurance in Colorado?

If you get good responses to any questions you may have as well as an affordable premium quote, you may have found an insurance company that can properly insure your vehicles.

Auto insurance coverage information

Having a good grasp of car insurance aids in choosing the right coverages for your vehicles. Car insurance terms can be confusing and reading a policy is terribly boring.

Comprehensive coverage

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like falling objects, damage from getting keyed, hitting a deer, a tree branch falling on your vehicle and fire damage. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required (which is 25/50/15), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Auto collision coverage

Collision coverage pays for damage to your MKX from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like sideswiping another vehicle, hitting a parking meter, colliding with another moving vehicle, rolling your car and scraping a guard rail. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also increase the deductible on your MKX to get cheaper collision coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP reimburse you for immediate expenses such as pain medications, doctor visits and rehabilitation expenses. They can be utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Liability

This coverage can cover injuries or damage you cause to a person or their property. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/15 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $15,000 of coverage for damaged property. Occasionally you may see a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims like repair costs for stationary objects, structural damage, emergency aid and court costs. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford. Colorado state law requires minimum liability limits of 25/50/15 but drivers should carry higher limits.

A little work can save a LOT of money

Some insurance companies do not offer rate quotes online and many times these small insurance companies only sell through independent insurance agents. Lower-priced Lincoln MKX insurance in Denver is definitely available from both online companies and also from your neighborhood Denver agents, and you should compare price quotes from both to get a complete price analysis.

Insureds change insurance companies for any number of reasons including policy non-renewal, being labeled a high risk driver, questionable increases in premium or even an unsatisfactory settlement offer. It doesn’t matter what your reason, finding the right car insurance provider is actually quite simple.

When buying insurance coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced liability coverage limits only to discover later that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy enough coverage at a price you can afford, but do not skimp to save money.

Additional car insurance information is available on the following sites:

• Teen Driving Statistics (GEICO)
• Who Has Cheap Auto Insurance Quotes for 4×4 Vehicles in Denver? (FAQ)
• Who Has Cheap Auto Insurance Rates for a Jeep Wrangler in Denver? (FAQ)
• How Much is Denver Car Insurance for a GMC Acadia? (FAQ)
• Who Has Affordable Denver Auto Insurance Rates for High School Students? (FAQ)
• Safety Features for Your New Car (State Farm)
• Safe Vehicles for Teens (iihs.org)
• Insurance Losses by Make and Model (iihs.org)