Auto Insurance Quotes for a Lincoln MKT in Jersey City

Amazingly, a recent NerdWallet.com study showed that nearly 70% of drivers kept buying from the same company for at least four years, and nearly the majority have never shopped around. Jersey City consumers could pocket 40% a year just by shopping around, but they just assume it takes a lot of time to compare rates and save money.

If you want to save money, the best way to find cheaper quotes for auto insurance rates in Jersey City is to start comparing rates regularly from different companies who sell auto insurance in New Jersey.

• First, take a few minutes and learn about how companies price auto insurance and the modifications you can make to keep rates low. Many rating factors that are responsible for high rates like at-fault accidents and poor credit rating can be remedied by making minor changes to your lifestyle.
• Second, quote rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive and State Farm, while independent agencies can provide prices from multiple insurance companies.
• Third, compare the new rate quotes to your existing policy to determine if you can save on MKT insurance. If you find a better price and change companies, make sure there is no lapse in coverage.
• Fourth, give notification to your current company of your intent to cancel your current coverage. Submit the completed application along with a down payment to your new carrier. Once received, keep the new proof of insurance paperwork somewhere easily accessible.

One bit of advice is to try to compare the same deductibles and limits on every price quote and and to look at all possible companies. This helps ensure a fair rate comparison and a good representation of prices.

Discount Jersey City auto insurance quotes

Auto insurance companies don’t necessarily list every discount in a way that’s easy to find, so we researched a few of the more well known as well as the least known discounts you could be receiving when you buy Jersey City auto insurance online. If you’re not getting every credit you qualify for, you could be getting lower rates.

• Anti-theft System – Vehicles that have factory alarm systems and tracking devices are stolen less frequently and will save you 10% or more on MKT insurance in Jersey City.
• Anti-lock Brakes – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more on MKT insurance in Jersey City.
• Senior Discount – Mature drivers can possibly qualify for reduced rates.
• Policy Bundle Discount – If you have multiple policies with one insurance company you may earn over 10 percent off each policy depending on the company.
• Defensive Driver Discount – Completing a safe driver course could cut 5% off your bill depending on where you live.

Just know that most of the big mark downs will not be given to the entire policy premium. Some only apply to specific coverage prices like collision or personal injury protection. Despite the fact that it seems like you could get a free auto insurance policy, companies don’t profit that way.

The information below compares Lincoln MKT yearly insurance costs with and without discounts being applied to the rates. The prices are based on a female driver, no accidents, no driving violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-car, marriage, multi-policy, and homeowner discounts applied.

To see insurance companies with the best discounts in New Jersey, click here to view.

The fastest way that we advise to compare car insurance company rates for Lincoln MKT insurance in Jersey City takes advantage of the fact most of the larger companies participate in a system to provide you with free rate quotes. All consumers are required to do is give the companies some data including if a SR-22 is needed, driver details, if you have a valid license, and whether you are single or married. Your information is then submitted to many different companies and you get price estimates almost instantly.

If you would like to start a quote now, click here and enter your zip code.

The companies in the list below are our best choices to provide comparison quotes in New Jersey. If multiple companies are listed, we recommend you visit as many as you can to find the cheapest car insurance rates.

Car insurance analysis for a Lincoln MKT

The data table displayed below highlights a range of insurance coverage prices for Lincoln MKT models. Being more informed about how auto insurance policy rates are calculated can help customers make decisions on the best policy to buy.

Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium costs do not factor in specific location information which can change coverage rates greatly.

Deductible analysis

One frequently asked question is how high should the physical damage coverage deductibles be. The data tables below approximate the price difference when you select higher and lower coverage deductibles. The first rate table uses a $250 deductible for physical damage and the second data table uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Premium costs do not factor in garaging location in Jersey City which can lower or raise auto insurance rates greatly.

Based on these figures, using a $250 deductible costs about $42 more each month or $504 a year than quoting the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 18 months between claim filings, you would save money if you decide on a higher deductible.

Gender differences in car insurance premiums

The example below illustrates the difference between Lincoln MKT insurance costs for male and female drivers. The price estimates are based on no tickets, no at-fault accidents, comp and collision included, $500 deductibles, marital status is single, and no discounts are applied.

Does full coverage make sense?

The diagram below illustrates the difference between Lincoln MKT premium costs with full coverage and liability only. The information is based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are factored in.

Are you wasting money paying for full coverage?

There is no definitive formula that is best for determining when to drop full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s say your Lincoln MKT claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If it’s costing in excess of $300 a year for full coverage, then you may want to consider only buying liability coverage.

There are some cases where dropping physical damage coverage is not financially feasible. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

When do I need to talk to an insurance agent?

Many drivers would rather go talk to an agent and that is not a bad decision One of the benefits of comparing rates online is that you can obtain the lowest rates but also keep your business local. Buying insurance from local agents is important especially in Jersey City.

Once you complete this quick form, the coverage information gets sent to companies in Jersey City that give free quotes for your car insurance coverage. You won’t need to contact an agency because quoted prices will be sent to you instantly. You can find the lowest rates and work with a local agent. If you want to compare prices from a specific car insurance provider, just jump over to their website to submit a rate quote request.

If you want to use an insurance agent, you must know there are a couple different agency structures and how they work. Agents in Jersey City can be described as either exclusive or independent agents depending on their company appointments.

Independent Car Insurance Agencies

Independent insurance agents often have affiliation with several companies so they have the ability to put coverage with many different companies and find you the best rates. If premiums increase, the agent simply finds a different carrier which makes it simple for you. If you are comparing car insurance prices, we highly recommend that you get insurance quotes from several independent agencies to get the most accurate price comparison.

Below are independent insurance agencies in Jersey City that can give you free price quotes.

More insurance agents

Exclusive Insurance Agents

Agents in the exclusive channel can only write with one company and some examples include Allstate, State Farm and Farmers Insurance. They generally cannot provide prices from multiple companies so they have no alternatives for high prices. Exclusive insurance agents are well schooled on their products and sales techniques and that can be a competitive advantage.

The following are exclusive insurance agents in Jersey City willing to provide comparison quotes.

More insurance agents

Finding a good insurance agent needs to be determined by more than just the premium amount. Here are some questions you might want to ask.

• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
• What insurance companies do they work with in Jersey City?
• Is there a local claims center in Jersey City?
• What kind of financial rating does the company have?
• Do they have a Better Business Bureau rating in Jersey City?
• Is the coverage adequate for your vehicle?
• Which company do they place the most coverage with?
• Will you get a loaner vehicle if you car is being repaired?

Buying the right MKT insurance in New Jersey is an important decision

Despite the high cost, insurance is required in New Jersey but also provides important benefits.

• Most states have minimum liability requirements which means you are required to buy specific minimum amounts of liability coverage if you want to drive legally. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you have a lien on your Lincoln, it’s guaranteed your bank will make it a condition of the loan that you have insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Lincoln at a significantly higher premium and make you pay the higher price.
• Insurance protects not only your Lincoln MKT but also your assets. Insurance will pay for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. Liability coverage also covers legal expenses if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive and collision coverage will cover the repair costs.

The benefits of carrying enough insurance definitely exceed the cost, especially with large liability claims. As of last year, the average driver in New Jersey is currently overpaying as much as $800 each year so you should quote your policy with other companies at every policy renewal to make sure the price is not too high.

Specific coverage details

Knowing the specifics of your policy aids in choosing the best coverages and the correct deductibles and limits. Insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverages found on the average insurance policy.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants as well as damage to your Lincoln MKT.

Since many New Jersey drivers only purchase the least amount of liability that is required (15/30/5), their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time these limits do not exceed the liability coverage limits.

Comprehensive protection

This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as a broken windshield, theft, damage from a tornado or hurricane and fire damage. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for immediate expenses for things like pain medications, chiropractic care, prosthetic devices and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants as well as any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible

Collision coverage protection

Collision coverage covers damage to your MKT from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as colliding with a tree, colliding with another moving vehicle, damaging your car on a curb and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible on your MKT to get cheaper collision coverage.

Auto liability

Liability coverage will cover injuries or damage you cause to people or other property that is your fault. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 15/30/5 which means a limit of $15,000 per injured person, a limit of $30,000 in injury protection per accident, and a limit of $5,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as repair bills for other people’s vehicles, repair costs for stationary objects, legal defense fees, emergency aid and medical services. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible. New Jersey requires drivers to carry at least 15/30/5 but drivers should carry more liability than the minimum.

The illustration below shows why buying minimum limits may not be adequate.

Persistence pays off

You just learned quite a bit of information on how to find affordable Lincoln MKT insurance in Jersey City. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding inexpensive Jersey City auto insurance quotes. Consumers may even find the biggest savings come from the least-expected company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as Progressive or GEICO.

When buying insurance coverage, never sacrifice coverage to reduce premiums. There are too many instances where an insured dropped physical damage coverage only to discover later that it was a big error on their part. Your goal is to buy the best coverage you can find at the best price and still be able to protect your assets.

More information is available on the following sites:

• Booster Seat Ratings (iihs.org)
• Who Has the Cheapest Car Insurance Rates for Drivers Over Age 60 in Jersey City? (FAQ)
• What Auto Insurance is Cheapest After a Speeding Ticket in Jersey City? (FAQ)
• Who Has the Cheapest Jersey City Auto Insurance Rates for First-time Drivers? (FAQ)
• Who Has the Cheapest Jersey City Auto Insurance for 19 Year Olds? (FAQ)
• How Much is Auto Insurance for a Subaru Forester in Jersey City? (FAQ)
• Who Has Cheap Auto Insurance Rates for Infrequent Drivers in Jersey City? (FAQ)
• How Much are Jersey City Auto Insurance Rates for Police Officers? (FAQ)
• Who Has Affordable Jersey City Auto Insurance for a Toyota RAV4? (FAQ)
• Who Has the Cheapest Jersey City Auto Insurance Quotes for Felons? (FAQ)
• How Much are Auto Insurance Rates for Inexperienced Drivers in Jersey City? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for Seniors in Jersey City? (FAQ)
• What is Full Coverage? (Allstate)
• Tread Depth and Tire Safety (State Farm)