Lincoln MKX Insurance Quotes in Chicago

Are you sick of overpaying and want more affordable Lincoln MKX insurance in Chicago? Tired of paying out the nose to keep your car insured? You are in the same boat as millions of other people.

Shocking but true, almost 70% of insureds have remained with the same car insurance company for four years or more, and approximately 40% of consumers have never compared car insurance rates at all. The average driver in Chicago can cut their rates by up to 40% a year just by shopping around, but they mistakenly think it’s difficult to compare rates.

Insurance companies such as State Farm, Allstate, GEICO and Progressive increase brand awareness with advertising and consumers find it hard to ignore the flying pigs and cute green geckos and find the best price available.

It is always a good idea to take a look at other company’s rates as often as possible because car insurance prices tend to go up over time. Even if you think you had the best quotes on Lincoln MKX insurance in Chicago six months ago you can probably find a better rate now. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to one of the easiest ways to eliminate unnecessary coverages and save money on Lincoln MKX insurance in Chicago.

Most companies make it easy to get prices on the web. This process is quite simple as you just type in the coverages you want on the page. After you submit the form the system sends out for reports for credit and driving violations and gives you a price quote determined by many factors. This simplifies rate comparisons, and it is important to perform this step if you want to find affordable car insurance pricing.

In order to compare rates using this form now, check out the car insurance providers below. If you have coverage now, it’s recommended you complete the form with your coverages as shown on your current policy. Doing this assures you will get a fair comparison using the exact same coverages.

The companies shown below offer price comparisons in Chicago, IL. If the list has multiple companies, it’s a good idea that you get rate quotes from several of them to get the most competitive price.

Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Price information does not factor in specific location information which can raise or lower auto insurance rates considerably.

Higher deductibles lower rates

One frequently asked question is how high or low should comp and collision deductibles be. The figures shown below summarize the rate difference of buying low and high coverage deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second price table uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in vehicle location which can alter price quotes significantly.

We can estimate from the data above that using a $100 deductible would cost the average driver about $21 more each month or $252 every year than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you have more than 19 months between claims, you would more than likely save some money if you choose the higher deductible.

Affordable Chicago car insurance rates with discounts

Car insurance is not cheap nor is it fun to buy but you can get discounts to help bring down the price. Some of these discounts will be visible when you purchase, but some must be manually applied before you will receive the discount. If you check and find you aren’t receiving every discount you qualify for, you’re paying more than you need to.

• Discounts for Government Workers – Active or retired federal employment may reduce rates when you quote Chicago auto insurance with some car insurance companies.
• Good Driver Discount – Drivers without accidents can pay as much as 50% less compared to rates paid by drivers with frequent claims.
• ABS Brakes – Vehicles equipped with ABS or steering control prevent accidents so you can save 10 percent or more.
• Seat Belts Save – Buckling up and requiring all passengers to buckle up can save up to 10 percent (depending on the company) off PIP or medical payments premium.
• Discount for Passive Restraints – Factory air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
• New Vehicle Savings – Putting insurance on a new MKX can cost up to 25% less because new model year vehicles are generally safer.
• Smart Student Discounts – A discount for being a good student could provide a savings of up to 20% or more. Earning this discount can benefit you up until you turn 25.

As a sidenote, most discounts do not apply to the entire policy premium. Some only reduce the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears you could get a free car insurance policy, companies wouldn’t make money that way.

A list of car insurance companies and their possible discounts are shown below.

• Progressive offers discounts for good student, homeowner, multi-policy, continuous coverage, online quote discount, and online signing.
• Farmers Insurance may have discounts that include alternative fuel, teen driver, electronic funds transfer, multi-car, early shopping, youthful driver, and bundle discounts.
• Farm Bureau discounts include safe driver, multi-vehicle, multi-policy, renewal discount, youthful driver, and driver training.
• State Farm has discounts for passive restraint, Steer Clear safe driver discount, driver’s education, good student, anti-theft, and multiple policy.
• GEICO has savings for good student, daytime running lights, air bags, multi-vehicle, five-year accident-free, anti-theft, and multi-policy.
• SAFECO policyholders can earn discounts including bundle discounts, multi-car, anti-lock brakes, homeowner, drive less, teen safety rewards, and safe driver.
• Liberty Mutual includes discounts for new graduate, new vehicle discount, new move discount, multi-policy, and good student.

It’s a good idea to ask each company which discounts they offer. Depending on the company, some discounts may not be offered in Chicago. To locate insurance companies who offer online Lincoln MKX insurance quotes in Illinois, follow this link.

Compare prices but work with a neighborhood Chicago auto insurance agent

Some people still like to talk to an insurance agent and doing so can bring peace of mind One of the great benefits of comparing rate quotes online is the fact that you can find cheap rate quotes and still choose a local agent.

Upon completion of this form (opens in new window), your coverage information is transmitted to insurance agents in Chicago who will give you bids for your insurance coverage. There is no reason to find an agent on your own because prices are sent instantly to you. You can find lower rates without having to waste a lot of time. If you want to get a rate quote from a specific company, you would need to jump over to their website and submit a quote form there.

Selecting an insurance company shouldn’t rely on just the price. Ask your prospective agent these questions:

• Are they in the agency full-time?
• If your car is in the repair shop, do you have coverage for a rental car?
• Can glass claims be handled at your home?
• Will your rates increase after a single accident?
• How much experience to they have in personal lines coverages?
• How does the company pay claims for a total loss?
• Does the agency support the community they serve?

When finding a reputable agency, you should know the types of agencies that differ in how they can insure your vehicles. Insurance agents can either be independent or exclusive depending on the company they work for.

Exclusive Agencies

These type of agents can only write with one company such as Allstate, Farmers Insurance or State Farm. They generally cannot compare other company’s rates so always compare other rates. These agents are highly trained on what they offer and that can be a competitive advantage.

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

View more agents

Independent Agents (or Brokers)

These agents do not work for one specific company so they can quote policies amongst many companies and find the cheapest insurance rates. To transfer your coverage to a different company, they simply switch companies in-house and that require little work on your part. When comparing insurance prices, we recommend you get quotes from multiple independent agents in order to have the best price comparison.

Shown below is a short list of independent agencies in Chicago willing to provide price quotes.

View more agents

If you get answers to your satisfaction to any questions you have as well as offering an affordable quote, it’s a good possibility that you have found an insurance agency that can be relied on to insure your vehicles.

Different people need different car insurance coverages

Always remember that when buying adequate coverage for your vehicles, there is no cookie cutter policy. You are unique.

These are some specific questions may help highlight if you might need professional guidance.

• Is my Lincoln MKX covered for smoke damage?
• What is PIP insurance?
• Should I carry comprehensive and collision coverage?
• Am I covered when driving someone else’s vehicle?
• Should I sign the liability waiver when renting a car?
• Is business property covered if stolen from my car?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.

Why you need car insurance

Even though Chicago MKX insurance rates can get expensive, paying for car insurance is a good idea for several reasons.

• The majority of states have mandatory insurance requirements which means state laws require a minimum amount of liability coverage if you don’t want to risk a ticket. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If your Lincoln has a loan, it’s most likely the lender will force you to carry insurance to guarantee their interest in the vehicle. If coverage lapses or is canceled, the bank may buy a policy for your Lincoln at a much higher rate and require you to reimburse them the higher price.
• Insurance protects both your car and your personal assets. It will also reimburse you for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay for a defense attorney if anyone sues you for causing an accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will cover the repair costs.

The benefits of insuring your car definitely exceed the price paid, particularly when you have a large claim. According to a 2015 survey, the average American driver is currently overpaying as much as $700 annually so you should quote rates each time the policy renews to be sure current rates are still competitive.

Learn about auto insurance coverages for a Lincoln MKX

Learning about specific coverages of your policy can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement.

Comprehensive coverage (or Other than Collision)

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as falling objects, rock chips in glass, hail damage and theft. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as nursing services, X-ray expenses, funeral costs and dental work. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your Lincoln MKX.

Due to the fact that many Illinois drivers carry very low liability coverage limits (Illinois limits are 20/40/15), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Collision protection

This coverage pays to fix your vehicle from damage resulting from colliding with an object or car. 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 colliding with another moving vehicle, hitting a mailbox, scraping a guard rail and crashing into a ditch. 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 MKX to save money on collision insurance.

Coverage for liability

This coverage will cover injuries or damage you cause to people or other property that is your fault. It protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 20/40/15 which means $20,000 in coverage for each person’s injuries, $40,000 for the entire accident, and $15,000 of coverage for damaged property.

Liability can pay for claims like structural damage, medical services, court costs, funeral expenses and emergency aid. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible. Illinois requires drivers to carry at least 20/40/15 but drivers should carry more coverage.

The best rates come from being thorough

There are still a few companies who do not offer price quotes online and many times these smaller companies work with independent agents. Affordable Lincoln MKX insurance in Chicago can be bought both online and also from your neighborhood Chicago agents, and you should be comparing both to have the best chance of lowering rates.

Insureds leave their current company for a number of reasons such as high prices, delays in paying claims, denial of a claim or even policy non-renewal. Regardless of your reason for switching companies, switching auto insurance companies is pretty simple and you could end up saving a buck or two.

When getting Chicago auto insurance quotes online, it’s a bad idea to reduce needed coverages to save money. There are a lot of situations where someone dropped full coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase a proper amount of coverage at the best cost, but do not skimp to save money.

More information is available below:

• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Who Has Affordable Car Insurance for a Kia Optima in Chicago? (FAQ)
• Who Has Cheap Auto Insurance Quotes for a Chevrolet Equinox in Chicago? (FAQ)
• Collision Insurance Coverage (Nationwide)
• Should I Buy a New or Used Car? (Allstate)
• Uninsured Motorist Statistics (Insurance Information Institute)
• Speed and Speed Limit FAQ (iihs.org)