Cheap Insurance for a Lincoln MKT in New Orleans

Discount Lincoln MKT insuranceSearching for lower-priced Lincoln MKT insurance in New Orleans? Paying for high-priced Lincoln MKT insurance in New Orleans can take a big chunk out of your bank account and force you to tighten up your finances.

Statistics show that a large majority of drivers have remained with the same insurance company for well over three years, and just under half have never quoted insurance rates at all. New Orleans consumers could save approximately 35% every year by just comparing quotes, but most undervalue the benefits if they moved their coverage to a different company. Since you have so many different company options, it can be hard to pick the most affordable insurance company.

Most companies such as State Farm, GEICO and Progressive provide price estimates from their websites. Doing online quotes for Lincoln MKT insurance in New Orleans is quite simple as you just enter your personal and coverage information into a form. After you submit the form the system will order reports for credit and driving violations and returns a price. The ability to get online rates for Lincoln MKT insurance in New Orleans makes comparing rates easy, and it’s necessary to perform this step in order to find the most affordable premium.

In order to use this form to compare rates, visit the companies below or click here to submit a quote request to multiple companies at once. To compare your current rates, we recommend you duplicate coverages and limits identical to your current policy. This helps ensure you will get a fair comparison based on the exact same insurance coverage.

The companies shown below have been selected to offer quotes in Louisiana. In order to find the best cheap auto insurance in New Orleans, we suggest you click on several of them in order to find the most competitive rates.

These discounts can reduce Lincoln MKT insurance rates

Insuring your vehicles can cost a lot, but there are discounts available that many consumers don’t even know exist. Some discounts apply automatically when you quote, but once in a while a discount must be asked for before being credited.Cheaper auto insurance with discounts

Please keep in mind that most credits do not apply to your bottom line cost. The majority will only reduce individual premiums such as liability and collision coverage. Just because you may think you can get free auto insurance, nobody gets a free ride.

The information below compares Lincoln MKT yearly insurance costs with and without some available policy discounts. The premiums are based on a female driver, no claims or driving violations, Louisiana state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, homeowner, marriage, claim-free, and multi-car discounts applied.

Companies who might offer these benefits include:

If you are trying to find affordable New Orleans car insurance quotes, ask each company or agent the best way to save money. A few discounts might not be offered on policies in New Orleans. To view insurers that offer many of these discounts in New Orleans, click here to view.

Auto insurance data for a Lincoln MKT

The table displayed below covers detailed analysis of insurance coverage prices for Lincoln MKT models. Being more informed about how insurance policy rates are figured is important for drivers to make informed decisions.

Lincoln MKT Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $360 $662 $636 $38 $190 $1,886 $157
MKT 3.7 AWD $396 $762 $636 $38 $190 $2,022 $169
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Estimates do not factor in New Orleans location which can modify coverage prices greatly.

Auto insurance deductibles

When comparing auto insurance rates, the most common question is how high should the physical damage deductibles be. The tables below illustrate the rate difference of buying low and high physical damage deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second rate table uses a $500 deductible.

Lincoln MKT insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $502 $850 $524 $32 $158 $2,091 $174
MKT 3.7 AWD $554 $980 $524 $32 $158 $2,273 $189
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Lincoln MKT insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $366 $574 $524 $32 $158 $1,654 $138
MKT 3.7 AWD $404 $662 $524 $32 $158 $1,780 $148
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Rates do not factor in specific garaging location which can influence prices greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you approximately $39 more each month or $468 a year than selecting the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 10 months between claim filings, you would save money by selecting a higher deductible. Below is an example of how you can make your own decision.

Average monthly premium for $100 deductibles: $182
Average monthly premium for $500 deductibles (subtract): – $143
Monthly savings from raising deductible: $39
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $39
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 10 months

One thing to be aware of is that higher deductibles results in having to pay to pay more out-of-pocket when you do file a claim. That will necessitate enough disposable savings in the event you need to pay the higher deductible.

The illustration below shows how choosing a deductible and can raise or lower Lincoln MKT premium costs for each age group. The costs are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

How Insurers Determine Lincoln MKT Insurance Costs

Multiple criteria are considered when you quote your car insurance policy. Some of the criteria are obvious such as your driving record, although others are more obscure like where you live or how financially stable you are.

Listed below are some of the factors utilized by car insurance companies to help set your prices.