Find Cheaper Lincoln MKZ Insurance in Tulsa

When searching for more affordable insurance, are you frustrated by the crazy number of insurance companies available to you? There are so many companies to choose from that it can turn into a difficult situation to locate the lowest premium rates for Lincoln MKZ insurance in Tulsa. Everyone knows that Tulsa is a wonderful place to live, but expensive insurance rates can make it nearly impossible for many drivers to afford proper coverage amounts.

Steps to finding affordable quotes for Lincoln MKZ insurance in Tulsa

To save the most money, the best way to get more affordable Lincoln MKZ insurance is to start comparing rates regularly from insurers in Tulsa. You can compare rates by following these steps.

Step 1: Read about how companies set rates and the changes you can make to lower rates. Many rating criteria that cause high rates such as inattentive driving and a substandard credit history can be amended by making minor changes in your lifestyle. Later in this article we will cover the details to get cheaper coverage and find more discounts that you may not know about.

Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from one company like GEICO and State Farm, while independent agencies can give you price quotes from multiple insurance companies.

Step 3: Compare the new rate quotes to the price on your current policy to see if a cheaper rate is available. If you find better rates and make a switch, make sure there is no lapse in coverage.

Step 4: Provide proper notification to your current company to cancel your current coverage. Submit a signed application and payment for the new coverage. When you receive it, keep the new certificate of insurance in your glove compartment.

The critical component of shopping around is that you’ll want to compare the same physical damage deductibles and liability limits on every quote and and to get price estimates from as many car insurance companies as possible. This enables the most accurate price comparison and the best price quote selection.

It goes without saying that insurance companies don’t want you shop around. Insureds who shop around once a year will most likely buy a new policy because they have a good chance of finding lower rate quotes. A recent survey discovered that drivers who compared rate quotes regularly saved an average of $3,400 over four years as compared to drivers who don’t make a habit of comparing rates.

If saving the most money on Lincoln MKZ insurance is why you’re reading this, then learning a little about the best ways to shop for insurance coverage can help simplify the process.

If you are paying for car insurance now, you will surely be able to reduce premiums using the following tips. Our goal is to teach you how to effectively get price quotes and also pocket some savings But Oklahoma vehicle owners do need to know the methods companies use to calculate their prices and apply this information to your search.

Quote Tulsa Lincoln MKZ insurance online

To get the cheapest Lincoln MKZ rate quotes, there a variety of ways to compare prices from all the different companies. The simplest method to compare Lincoln MKZ insurance prices consists of obtaining rate quotes online. Just keep in mind that comparing a large number of companies helps increase your odds of locating lower pricing. Not every company does Tulsa MKZ insurance quotes online, so it’s important to also get rates from those companies as well.

The companies shown below can provide quotes in Tulsa, OK. To get the best cheap car insurance in Tulsa, OK, we suggest you compare several of them to find the most competitive car insurance rates.

Cheaper rates with discounts

Some insurance providers don’t necessarily list every possible discount in an easy-to-find place, so the list below details both the well known and also the lesser-known discounts that may be available.

• Save with a New Car – Buying insurance coverage on a new vehicle can cost up to 25% less because newer vehicles are generally safer.
• Low Mileage Discounts – Keeping the miles down on your Lincoln can earn cheaper prices.
• Drivers Education – Reduce the cost of insurance for teen drivers by having them take driver’s ed class in school or through a local driver safety program.
• Discounts for Seat Belt Usage – Requiring all passengers to buckle up can save 10% or more off PIP or medical payments premium.
• ABS Brakes – Cars, trucks, and SUVs with anti-lock braking systems prevent accidents and the ABS can save up to 10%.
• No Charge for an Accident – Not necessarily a discount, but companies like Progressive, State Farm and GEICO will let one accident slide without the usual rate increase if you are claim-free prior to the accident.
• Passive Restraint Discount – Factory air bags or motorized seat belts may earn rate discounts of 25 to 30%.
• Student Discounts – A discount for being a good student can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a lower insurance rate if you buy a life insurance policy as well.
• Driver Safety – Taking part in a course teaching driver safety skills could earn you a small percentage discount if your company offers it.

Discounts lower rates, but most of the big mark downs will not be given to your bottom line cost. Some only apply to the cost of specific coverages such as comp or med pay. Even though the math looks like having all the discounts means you get insurance for free, that’s just not realistic.

The diagram below visualizes the comparison of Lincoln MKZ insurance costs with and without discounts applied to the premium. The price estimates are based on a male driver, no claims or violations, Oklahoma state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, marriage, multi-car, and safe-driver discounts applied.

Popular insurance companies and their possible discounts are outlined below.

• State Farm may include discounts for driver’s education, good student, multiple autos, Drive Safe & Save, and Steer Clear safe driver discount.
• Progressive has savings for online signing, multi-policy, online quote discount, homeowner, and multi-vehicle.
• Progressive includes discounts for multi-vehicle, online quote discount, multi-policy, good student, and homeowner.
• MetLife offers discounts for good student, claim-free, multi-policy, good driver, and accident-free.
• Farm Bureau policyholders can earn discounts including multi-vehicle, multi-policy, 55 and retired, good student, youthful driver, and driver training.
• GEICO may have discounts that include multi-policy, anti-lock brakes, multi-vehicle, federal employee, membership and employees, and military active duty.
• SAFECO offers discounts including safe driver, multi-car, drive less, anti-theft, bundle discounts, accident prevention training, and homeowner.

If you are trying to find cheaper Tulsa car insurance quotes, ask every insurance company what discounts are available to you. Savings might not apply in Tulsa.

Coverage statistics and figures

The price information shown below outlines detailed analysis of policy rates for Lincoln MKZ models. Being aware of how auto insurance prices are calculated is important for drivers to make decisions on which insurance to purchase.

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Information does not factor in specific garaging location which can alter insurance rates greatly.

Physical damage deductible comparison

The hardest decision when buying coverage is where should you set your physical damage deductibles. The following tables can help illustrate the premium difference of buying low and high physical damage coverage 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 Oklahoma minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Estimates do not factor in your specific Tulsa location which can influence premium rates greatly.

We can derive from the above data that using a $250 deductible would cost the average driver about $21 more each month or $252 every year than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to average more than 12 months between claim filings, you would probably be better off by going with a higher deductible.

Rate comparison of full coverage and liability-only

The example below illustrates the difference between Lincoln MKZ premium costs when comparing full coverage to liability only. Data assumes no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are applied.

When to eliminate full coverage

There is no set guideline to eliminate full coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Lincoln MKZ replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $6,000 after paying the physical damage deductible. If it’s costing you more than $600 a year for full coverage, then you may want to consider only buying liability coverage.

There are a few situations where only buying liability is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Auto insurance company ratings

Selecting the top auto insurance company is difficult considering how many companies sell insurance in Oklahoma. The company ratings shown next could help you analyze which auto insurance companies you want to consider when comparing rate quotes.

Top 10 Tulsa 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

Save Money with These Tips

Lots of factors are taken into consideration when premium rates are determined. Some are obvious such as your driving history, but some are more transparent such as whether you are married or how financially stable you are.

• Traffic violations cost more than a fine – Good drivers pay less for auto insurance compared to bad drivers. Only having one citation can bump up the cost by as much as thirty percent. Drivers unfortunate enough to have multiple tickets such as DUI, reckless driving or excessive speeding may face state-mandated requirements to submit a SR-22 form with their state motor vehicle department in order to legally drive.

  The illustration below illustrates how traffic citations and at-fault fender-benders can increase Lincoln MKZ car insurance rates for each different age group. The rates are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.

• How much liability protection – Liability coverage will afford coverage in the event that you are found liable for an accident. It provides legal defense which can cost thousands of dollars. Liability is cheap compared to comp and collision, so do not skimp.
• Car and home together may be cheaper – Many insurers give discounts to customers that purchase more than one policy in the form of a multi-policy discount. The discount can add up to 10 percent or more. Even though this discount sounds good, it’s in your best interest to compare other company rates to help ensure you have the lowest rates. Drivers may still save money even if you have your coverage with different companies
• Consider raising deductibles – Physical damage protection, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Some instances where coverage would apply could be a dented fender, collision with an animal, and windstorm damage. The deductibles you choose are how much you are required to pay if a claim is determined to be covered. The higher the amount you have to pay, the bigger discount you will receive.

• Loss probability for a Lincoln MKZ – Companies use claims history when setting rates for each model. Models that the data determines to have higher number or severity of losses will have a higher premium rate. The next table illustrates the compiled insurance loss statistics for Lincoln MKZ vehicles.

  For each policy coverage, the claim amount for all vehicles combined as an average is set at 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while values that are 100 or greater indicate more frequent claims or statistically larger losses.

  
  

  Lincoln MKZ Insurance Loss Statistics

  Specific Lincoln Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Lincoln MKZ 4dr 2WD	137	85	107	95	89	75
  Lincoln MKZ 4dr 4WD	140	82	126	99
  Lincoln MKZ Hybrid 4dr	148	84	100	74	82	76

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years