If you want to find the absolute lowest rates, then the best way to find cheaper prices for Lincoln MKC insurance in Lincoln is to compare prices once a year from insurers that sell auto insurance in Nebraska.
- Read and learn about how companies set rates and the measures you can take to prevent high rates. Many rating criteria that drive up the price such as traffic violations, accidents, and a substandard credit history can be eliminated by being financially responsible and driving safely.
- Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like GEICO or Allstate, while independent agents can provide rate quotes from multiple sources. Start a quote
- Compare the price quotes to your existing policy to see if switching to a new carrier will save money. If you find a lower rate quote and make a switch, verify that coverage does not lapse between policies.
- Provide adequate notice to your current company of your intention to cancel the current policy and submit the signed application along with the required initial payment to the new company. As soon as you receive it, keep your new proof of insurance paperwork with the vehicle registration.
The key thing to remember is that you’ll want to make sure you compare similar limits and deductibles on every quote request and and to get quotes from every insurance company. This ensures an accurate price comparison and the best price selection.
A recent survey discovered that nearly 70% of customers have stayed with the same insurance company for four years or more, and 38% of drivers have never quoted rates to find affordable coverage. Many drivers in Nebraska can save hundreds of dollars each year by just comparing rate quotes, but they don’t believe the amount of savings they would get if they switched to a cheaper policy.
Our goal is to familiarize you with how to get online quotes. If you are already insured, you will definitely be able to shop for the lowest rates using the tips covered below. Drivers just have to know the quickest way to get comparison quotes online.
Insurance Price Influencing Factors
A large part of saving on car insurance is knowing some of the factors that come into play when calculating your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this helps enable you to make changes that may result in better car insurance rates.
The itemized list below are a partial list of the pieces car insurance companies consider when setting your rates.
- Marriage can lower costs – Your spouse can get you a discount when buying car insurance. Having a spouse usually means you are more mature than a single person and statistics prove married drivers tend to file fewer claims.
- Discounts for auto and home policies – Many companies will award discounts to customers that buy multiple policies such as combining an auto and homeowners policy. Discounts can be five, ten or even twenty percent. If you currently are using one company, you still need to get quotes from other companies to help guarantee you have the best rates.
- More performance means higher costs – The performance level of the vehicle you are buying insurance for makes a huge difference in your car insurance bill. The cheapest insurance rates are for small economy passenger cars, but many other things help determine your insurance rates.
- Policy add-ons could be costing you – Insurance companies have many additional coverages that can waste your money but may not be useful. Add-on coverages like coverage for rental cars, towing coverage, and Farm Bureau memberships may be wasting your money. These coverages may sound good when discussing your needs, but if you have no use for them eliminate the coverages to reduce your premium.
- Lower rates by increasing physical damage deductibles – Protection for physical damage, aka comp and collision, covers damage that occurs to your Lincoln. Some instances where coverage would apply are a broken windshield, damage from fire, and having your car stolen. The deductibles you choose define the amount you are willing to pay in the event of a claim. The more you have to pay, the less money you will pay for car insurance.
- Lower car insurance rates with alarms and GPS tracking – Choosing to buy a car with a theft deterrent system can help lower your premiums. Theft deterrent systems like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder auto theft and help lower rates.
Insurance loss data for a Lincoln MKC – Insurance companies study historical loss data to help determine rates. Vehicles that are shown to have a trend towards higher claim severity or frequency will cost more for coverage.
The table below demonstrates the historical insurance loss data for Lincoln MKC vehicles. For each policy coverage type, the loss probability for all vehicles averaged together is considered to be 100. Values that are below 100 suggest a positive loss record, while values that are above 100 indicate higher probability of having a loss or an increased chance of a larger loss.
Lincoln MKC Insurance Loss Statistics Vehicle 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 82BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Insurance discounts are available to get cheap rates
Companies do not advertise all possible discounts in an easy-to-find place, so we researched some of the more common in addition to some of the lesser obvious credits available to you.
- Military Rewards – Being on active deployment in the military may qualify for rate reductions.
- Distant Student Discount – Youth drivers living away from Lincoln attending college and leave their car at home could qualify for this discount.
- Switch and Save Discount – Some insurance companies give discounts for switching to them prior to the expiration date on your current MKC insurance policy. It can save you around 10%.
- Senior Discount – Older drivers may be able to get a discount up to 10%.
- Defensive Driver – Taking part in a class that teaches safe driver techniques could cut 5% off your bill if you qualify.
Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like liability and collision coverage. So when it seems like you can get free auto insurance, you aren’t that lucky.
For a list of insurance companies with significant discounts in Lincoln, click this link.
Smart shoppers get results
You just read many tips how you can lower your Lincoln MKC insurance auto insurance rates in Lincoln. The most important thing to understand is the more companies you get premium rates for, the better chance you’ll have of finding low cost Lincoln car insurance quotes. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising.
Insureds change insurance companies for many reasons like lack of trust in their agent, questionable increases in premium, high rates after DUI convictions and even delays in paying claims. No matter why you want to switch, choosing a new company is easier than you think.
Some insurance providers may not provide online rate quotes and these regional insurance providers work with local independent agencies. Low-cost Lincoln MKC insurance in Lincoln is available online and from local insurance agents, so you need to compare both to have the best chance of lowering rates.
Additional information is located on the following sites:
- Rental Car Insurance Tips (Insurance Information Institute)
- How Much are Car Insurance Rates for Good Students in Lincoln? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes with Multiple Speeding Tickets in Lincoln? (FAQ)
- Think You’re a Safe Driver? (State Farm)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Teen Driving Statistics (iihs.org)
- A Tree Fell on Your Car: Now What? (Allstate)