Cheap Insurance for a Lincoln MKS in Tulsa

Do you want to stop overpaying and find low-cost Lincoln MKS insurance in Tulsa? Feel like you’re a prisoner to an overpriced insurance policy? Don’t feel bad because many Tulsa consumers feel financially strained by their insurance policy.

We don’t have to point out that fact that insurance companies don’t want their policyholders to compare prices. People who shop rates annually will presumably switch to a new company because they stand a good chance of finding a lower-priced company. A recent study showed that consumers who faithfully checked for cheaper rates saved approximately $865 a year compared to those who never compared other company’s rates.

If saving money on car insurance is your objective, then understanding how to quote prices and compare auto insurance can make shopping around easier.

Multiple auto insurance companies compete to insure your vehicles, so it’s not easy to compare every company and uncover the absolute best price available on Lincoln MKS insurance in Tulsa.

If you currently have auto insurance, you will most likely be able to reduce premiums using this information. Finding affordable auto insurance coverage in Tulsa can initially seem challenging. Although Oklahoma vehicle owners must know how insurance companies market insurance on the web.

Best companies for Lincoln MKS insurance

The companies in the list below provide comparison quotes in Oklahoma. In order to find cheap auto insurance in Tulsa, we recommend you visit several of them to find the cheapest car insurance rates.

Lincoln MKS coverage analysis

The data table below highlights a range of rate quotes for Lincoln MKS models. Understanding more about how car insurance premiums are determined can aid in making smart choices when comparing insurance quotes.

Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in Tulsa location which can lower or raise coverage prices considerably.

Higher deductibles lower rates

When comparing car insurance rates, the most common question is what deductibles to buy. The comparison tables below summarize the differences in price when you buy lower versus higher comp and collision deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second set of rates uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Price information does not factor in vehicle garaging location which can alter coverage rates considerably.

Using the premium rates above, we can conclude that using a $250 deductible will cost you approximately $23 more each month or $276 a year than requesting the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to have more than 11 months between claims, you would most likely save money if you opt for a higher deductible.

Car insurance rates are higher with tickets and accidents

The example below shows how traffic citations and at-fault collisions can impact Lincoln MKS auto insurance costs for each age group. The premiums are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

Annual premiums for males versus females in Tulsa

The example below compares Lincoln MKS auto insurance costs for male and female drivers. The premiums are based on no claims or driving citations, full physical damage coverage, $100 deductibles, marital status is single, and no discounts are taken into consideration.

Difference between full coverage and liability only rates

The illustration below illustrates the difference between Lincoln MKS auto insurance rates with full physical damage coverage and with liability coverage only. The price estimates are based on no claims or driving violations, $500 deductibles, single status, and no other discounts are factored in.

Should you be buying full coverage?

There is no written rule for excluding comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Lincoln MKS settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,000 after you pay the deductible. If you are paying more than $300 a year for full coverage, then you might want to consider buying only liability coverage.

There are a few cases where removing full coverage is not advised. If you still have a lienholder on your title, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not drop full coverage.

These ten discounts can reduce Lincoln MKS insurance rates

Auto insurance companies do not advertise all possible discounts in an easy-to-find place, so the list below gives a summary of both the well known as well as some of the hidden discounts you could be receiving when you buy Tulsa auto insurance online. If you do not double check each discount you qualify for, you are not getting the best rate possible.

• 55 and Retired – Mature drivers may be able to get a discount up to 10%.
• Seat Belt Usage – Drivers who require all occupants to use a seat belt may be able to save a few bucks off the personal injury premium cost.
• Multiple Policy Discount – When you have multiple policies with one insurance company they may give you a discount of up to 20% off your total MKS insurance premium.
• Homeowners Savings – Being a homeowner can get you a discount because maintaining a house demonstrates responsibility.
• Full Payment Discount – By paying your entire bill at once instead of paying each month you may have a lower total premium amount.
• Fewer Miles Equal More Savings – Keeping the miles down on your Lincoln may enable drivers to earn lower prices on the low mileage vehicles.
• Defensive Driving Course – Taking time to complete a driver safety class could earn you a small percentage discount if your company offers it.
• Discount for New Cars – Buying a new car model is cheaper because new model year vehicles are generally safer.
• Paperwork-free – Certain larger companies will provide an incentive for signing up on the internet.
• Lower Rates for Military – Having a family member in the military can result in better car insurance rates.

Please keep in mind that most discounts do not apply to the whole policy. Most only apply to specific coverage prices like collision or personal injury protection. If you do the math and it seems like you could get a free car insurance policy, it doesn’t quite work that way. But all discounts will bring down your overall bill.

The example below shows the comparison of Lincoln MKS auto insurance rates with and without policy discounts. The rate quotes are based on a female driver, no violations or claims, Oklahoma state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, multi-car, multi-policy, and claim-free discounts applied.

Large car insurance companies and their possible discounts are:

• Esurance includes discounts for Pac-12 alumni, online shopper, paid-in-full, anti-theft, renters, and multi-policy.
• The Hartford may include discounts for vehicle fuel type, air bag, good student, anti-theft, defensive driver, and driver training.
• AAA may have discounts that include good driver, education and occupation, pay-in-full, multi-policy, good student, anti-theft, and AAA membership discount.
• GEICO offers discounts for emergency military deployment, five-year accident-free, multi-vehicle, multi-policy, anti-theft, and daytime running lights.
• State Farm offers discounts including accident-free, Drive Safe & Save, driver’s education, passive restraint, safe vehicle, and multiple autos.

If you want the cheapest Lincoln MKS rate quotes, ask all companies you are considering to give you their best rates. Discounts may not apply to policies in Tulsa. If you would like to choose from a list of providers that can offer you the previously mentioned discounts in Oklahoma, click here.

Local neighborhood insurance agents

Some people would rather sit down and talk to an agent and often times that is recommended One of the best bonuses of getting online price quotes is that you can obtain cheap rate quotes and still have an agent to talk to. Buying from and supporting local insurance agencies is still important in Tulsa.

By using this form (opens in new window), the quote information is submitted to agents in your area who will give competitive quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to visit any agencies due to the fact that quote results will go to the email address you provide. You’ll get the best rates AND an agent nearby. In the event you want to quote rates from a specific insurance company, feel free to go to their quote page to submit a rate quote request.

When narrowing the list to find a local agent, it’s important to understand the different types of agencies that differ in how they can insure your vehicles. Agents are classified as either independent or exclusive.

Independent Agencies or Brokers

Agents that elect to be independent can sell policies from many different companies so they can write business through many companies and get you the best rates possible. If they find a cheaper price, the agent simply finds a different carrier and you stay with the same agent. If you are trying to find cheaper rates, it’s recommended you get some free quotes from several independent insurance agents so that you have a good selection of quotes to compare.

Featured below is a list of independent insurance agencies in Tulsa who can help you get price quotes.

View more Tulsa agents

Exclusive Insurance Agents

Agents in the exclusive channel generally can only insure with one company like Allstate, Farmers Insurance or State Farm. Exclusive agencies are unable to place coverage with different providers so you might not find the best rates. Exclusive agents are highly trained on what they offer which helps overcome the inability to quote other rates.

Listed below is a list of exclusive insurance agents in Tulsa that can give you price quote information.

View more Tulsa agents

Deciding on an auto insurance agent is decision based upon more than just the bottom line cost. Here are some questions you might want to ask.

• Are you getting all the discounts the company offers?
• Is assistance available after office hours?
• If you are a high risk driver, do they have special markets for your coverage?
• Will high miles depreciate repair valuations?
• How are claims handled?

Coverage specifics

Knowing the specifics of a insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement. These are typical coverage types offered by insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Lincoln MKS.

Due to the fact that many Oklahoma drivers carry very low liability coverage limits (25/50/25 in Oklahoma), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for ambulance fees, nursing services, dental work, X-ray expenses and hospital visits. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

Collision protection

This pays for damage to your MKS resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like hitting a mailbox, sideswiping another vehicle, hitting a parking meter, backing into a parked car and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible on your MKS to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, falling objects and hail damage. The most a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability

This coverage can cover damage that occurs to other’s property or people that is your fault. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as medical expenses, pain and suffering, funeral expenses, legal defense fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible. Oklahoma state law requires minimum liability limits of 25/50/25 but it’s recommended drivers buy higher limits.

The chart below demonstrates why buying minimum limits may not be enough coverage.

More comparisons equals affordable rates

Cost effective Lincoln MKS insurance is attainable on the web as well as from independent agents in Tulsa, so you need to shop Tulsa auto insurance with both to have the best rate selection. Some insurance providers don’t offer the ability to get quotes online and these smaller providers only sell coverage through independent insurance agents.

You just read a lot of ways to compare Lincoln MKS insurance premium rates in Tulsa. The most important thing to understand is the more you quote Tulsa auto insurance, the higher your chance of finding cheaper Tulsa auto insurance quotes. Consumers may even find the best price on auto insurance is with the smaller companies. Regional companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm and Allstate.

Steps to finding low-cost Lincoln MKS insurance in Tulsa

If you want to find the absolute lowest rates, then the best way to get more affordable car insurance rates in Tulsa is to do an annual price comparison from companies in Oklahoma.

1. It will benefit you to learn about how companies price auto insurance and the steps you can take to prevent high rates. Many rating criteria that cause rate increases like your driving record and a poor credit rating can be controlled by making minor driving habit or lifestyle changes.
2. Quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from a single company like GEICO and Allstate, while independent agents can quote prices from multiple insurance companies. Get quotes now
3. Compare the new rates to your existing coverage and see if you can save money. If you find better rates and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

One tip to remember is that you’ll want to make sure you compare the same deductibles and limits on each quote and and to look at as many auto insurance providers as possible. Doing this ensures an apples-to-apples comparison and maximum price selection.

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

• Keeping Children Safe in Crashes Video (iihs.org)
• Who Has Cheap Tulsa Auto Insurance Rates for High Mileage Drivers? (FAQ)
• Who Has Cheap Auto Insurance Quotes for Drivers Under 21 in Tulsa? (FAQ)
• What Auto Insurance is Cheapest for a Nissan Rogue in Tulsa? (FAQ)
• Who Has Affordable Auto Insurance for a Jeep Wrangler in Tulsa? (FAQ)
• What if I Can’t Find Coverage? (Insurance Information Institute)
• Distracted Driving Statistics (Insurance Information Institute)
• How to Avoid Staged Accidents (State Farm)
• Cellphones, Texting and Driving (iihs.org)