If you want to find the absolute lowest rates, then the best way to get more affordable Lincoln MKC insurance is to compare prices once a year from companies who sell insurance in Jersey City.
- Step 1: Take a little time to learn about policy coverages and the changes you can make to keep rates down. Many risk factors that are responsible for high rates like at-fault accidents, speeding tickets, and poor credit history can be rectified by improving your driving habits or financial responsibility.
- Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like GEICO and State Farm, while independent agents can quote rates from multiple insurance companies. Compare rates
- Step 3: Compare the new rate quotes to your current policy premium and see if there is a cheaper rate. If you find a better price and decide to switch, make sure there is no coverage gap between policies.
A good piece of advice is to use identical coverage information on every quote request and and to get rate quotes from as many carriers as you can. This helps ensure an accurate price comparison and the best price quote selection.
Unbelievable but true according to a study about 70% of customers have stayed with the same insurance company for well over three years, and roughly 40% of drivers have never compared quotes from other companies. Jersey City drivers could cut their rates by 40% a year by just comparing rate quotes, but most undervalue the benefits if they switched.
Buying more affordable coverage in Jersey City is quite easy. If you’re already insured or want to find a cheaper company, you can learn to find the best rates without having to cut coverage. Smart shoppers just have to know the tricks to compare prices from multiple carriers.
Low cost Lincoln MKC insurance prices in Jersey City, NJ
Getting a cheaper price on Lincoln MKC insurance is not a difficult process. You just need to take time comparing price quotes from different insurance companies.
Comparing free quotes online is easy and it, makes it obsolete to physically go to each insurance agency near you. The internet reduces the need to sit down with an agent unless you have a need for the professional advice of a local Jersey City agent. However, consumers can compare the best prices online but still have the advice of a local agent.
The following companies have been selected to offer comparison quotes in New Jersey. If you wish to find cheap auto insurance in NJ, it’s a good idea that you visit two to three different companies to get the cheapest price.
Auto insurance does more than just repair your car
Despite the fact that auto insurance is not cheap in Jersey City, maintaining insurance is required by state law in New Jersey and it also provides benefits you may not be aware of.
First, just about all states have mandatory liability insurance requirements which means the state requires a minimum amount of liability protection in order to be legal. 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.
Second, if you have a loan on your vehicle, it’s guaranteed your bank will stipulate that you have physical damage coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank will be required to insure your Lincoln at a much higher rate and require you to reimburse them for the much more expensive policy.
Third, auto insurance protects both your car and your personal assets. It will also cover many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if anyone sues you for causing an accident. If your Lincoln gets damaged, your auto insurance policy will cover the repair costs.
The benefits of buying auto insurance are definitely more than the cost, particularly when you have a large claim. But the average driver in New Jersey overpays more than $825 a year so shop around at least once a year to ensure rates are inline.
What Determines Lincoln MKC Insurance Premiums?
Consumers need to have an understanding of some of the things that help determine the price you pay for auto insurance. If you understand what determines premiums, this enables informed choices that could result in better auto insurance rates. Many different elements are considered when you get a price on insurance. Some factors are common sense such as your driving record, but other criteria are less apparent such as your credit history and annual miles driven.
Listed below are some of the most rate-impacting factors used by companies to determine prices.
Gaps in coverage mean higher auto insurance rates – Going without insurance is a guaranteed way to pay more for auto insurance. Not only will rates go up, not being able to provide proof of insurance could earn you a steep fine or even jail time.
Drive a safer car and pay less – Vehicles with good safety scores get lower rates. The safest vehicles protect occupants better and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders.
Younger drivers pay higher premiums – Youthful drivers in New Jersey are proven to be inattentive and easily distracted behind the wheel so auto insurance rates are higher. Adding a beginning driver onto a policy can cause a big jump in price. Older people are shown to be more cautious, tend to file fewer claims, and usually have better credit.
Infrequent drivers can save – Driving a lot of miles annually the more you’ll pay to insure your vehicle. The majority of insurers charge to insure your cars based on how the vehicle is used. Vehicles that do not get driven very much receive lower rates compared to those used for work or business. Improper usage on your MKC can result in significantly higher rates. Double check that your policy shows the proper vehicle usage.
Comp and collision deductibles are a factor – Physical damage protection, termed comprehensive and collision coverage on your policy, helps pay for damage to your vehicle. Some examples of claims that would be covered would be collision with another vehicle, damage caused by hail, and damage from a fallen tree branch. Your deductibles define the amount you are willing to pay out-of-pocket before your auto insurance pays a claim. The larger the amount the insured is willing to pay, the less money you will pay for auto insurance.
Cheaper to insure females? – Statistics demonstrate females are less aggressive when driving. Now that doesn’t mean men are WORSE drivers than women. Men and women cause fender benders at a similar rate, but males have accidents that have higher claims. Not only are claims higher, but men receive more major tickets such as DWI and reckless driving.
Lincoln MKC insurance claim data – Insurance companies use historical loss data when they file their rates in each state. Vehicles that have high amounts or severity of claims will cost more to insure. The table shown below demonstrates the actual insurance loss data for Lincoln MKC vehicles.
For each type of coverage, the loss probability for all vehicles averaged together is represented as 100. Numbers below 100 suggest losses that are better than average, while percentages above 100 show a trend for more claims or an increased probability of a larger loss.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lincoln MKC 4dr 2WD | 97 | 76 | 69 | |||
| Lincoln MKC 4dr 4WD | 99 | 68 | 72 | 82 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
New Jersey car insurance companies
Ending up with the right car insurance provider can be rather challenging considering how many different companies insure vehicles in New Jersey. The information displayed below can help you decide which car insurance companies to look at comparing price quotes from.
Top 10 Jersey City Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- The Hartford
- American Family
- Progressive
- GEICO
- USAA
- State Farm
- Travelers
- Farmers Insurance
- Allstate
Top 10 Jersey City Car Insurance Companies Ranked by Customer Satisfaction
- The Hartford – 93%
- Progressive – 90%
- 21st Century – 89%
- USAA – 87%
- Mercury Insurance – 87%
- State Farm – 87%
- Travelers – 87%
- Safeco Insurance – 86%
- AAA Insurance – 86%
- American Family – 85%
You can find cheap coverage
Cost effective Lincoln MKC insurance is definitely available from both online companies in addition to many Jersey City insurance agents, so you should compare both to get a complete price analysis. Some auto insurance companies do not offer price quotes online and many times these regional insurance providers work with independent agencies.
We’ve covered a lot of information how to find lower-cost Lincoln MKC insurance in Jersey City. The most important thing to understand is the more rate quotes you have, the higher your chance of finding inexpensive Jersey City car insurance quotes. Drivers may even discover the best car insurance rates are with an unexpected company. These companies may cover specific market segments cheaper compared to the large companies like State Farm, GEICO and Nationwide.
More tips and info about auto insurance can be found in the articles below:
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- What Auto Insurance is Cheapest for a Honda Accord in Jersey City? (FAQ)
- What Insurance is Cheapest for a 20 Year Old Female in Jersey City? (FAQ)
- How Much are Car Insurance Rates for 17 Year Olds in Jersey City? (FAQ)
- How Much are Car Insurance Quotes for Hybrid Vehicles in Jersey City? (FAQ)
- Coverage Information (Progressive Insurance)
- Insuring a Leased Car (Insurance Information Institute)
- How to Avoid Staged Accidents (State Farm)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)