Finding cheaper prices for Lincoln MKT insurance in St. Louis is kind of frustrating for drivers who have little experience shopping for insurance online. Drivers have so many different companies and agents to choose from that it can quickly become a difficult challenge to find better rates on Lincoln MKT insurance.
Regrettably, almost 70% of drivers in Missouri kept buying from the same company for four years or more, and almost 40% of drivers have never even compared rates from other companies. Drivers in the United States can cut their rates by up to 46.5% a year just by shopping around, but they don't believe the rate savings if they changed companies.
It is always a good idea to price shop coverage occasionally due to the fact that insurance rates change frequently. Just because you found the best premium rates on Lincoln MKT insurance in St. Louis a couple years back there is a good chance you can find better prices now. You'll find a ton of advice on MKT insurance on the internet, but you can learn some great ways to quit paying high auto insurance rates in St. Louis.
Finding and comparing the lowest cost insurance in St. Louis is not as difficult as people think. Essentially anyone who needs cheaper insurance most likely will be able to find better rates. Nevertheless, Missouri car owners do need to understand the way insurance companies sell online and use this information to your advantage.
Most companies like State Farm, GEICO and Progressive allow you to get prices on the web. Getting Lincoln MKT insurance prices online is quite easy as you simply type in the coverages you want into a form. When the form is submitted, their quoting system sends out for your driving and credit reports and gives you a price quote based on many factors.
This makes comparing rates easy, and it's necessary to have as many quotes as possible if you want to find the most affordable possible premiums on car insurance.
In order to find out if lower rates are available, check out the car insurance providers below. If you have your current policy handy, we recommend you copy the coverage information just like they are on your policy. This way, you will have a fair comparison for the exact same coverage.
The car insurance companies shown below offer quotes in St. Louis, MO. If the list has multiple companies, we recommend you compare several of them to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MKT 3.7 2WD||$154||$290||$392||$24||$118||$978||$82|
|MKT 3.7 AWD||$260||$432||$310||$18||$92||$1,112||$93|
|Get Your Own Custom Quote Go|
Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Premium costs do not factor in specific location information which can decrease or increase coverage prices significantly.
Impact of citations and accidents on insurance rates
The example below illustrates how violations and at-fault collisions can influence Lincoln MKT insurance premiums for each different age group. The prices are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.
Cost comparison with and without full coverage
The chart below shows the difference between Lincoln MKT yearly insurance costs when comparing full coverage to state minimum liability only. The data assumes no accidents, no driving violations, $500 deductibles, married female driver, and no discounts are taken into consideration.
When to drop comp and collision
There is no definitive guideline to drop full coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let's assume your Lincoln MKT replacement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $6,000 after paying your deductible. If premiums are more than $600 annually for full coverage, then it might be time to consider dropping full coverage.
There are a few situations where only buying liability is not a good plan. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle in the even your car is totaled, you should not remove full coverage.
Lincoln MKT insurance rates: Men versus women
The information below illustrates the comparison of Lincoln MKT car insurance rates for male and female drivers. The prices are based on no claims or violations, comprehensive and collision coverage, $500 deductibles, marital status is single, and no discounts are applied to the premium.
Get lower-cost rates on Lincoln MKT insurance in St. Louis with these five auto insurance discounts
Car insurance companies don't necessarily list every discount they offer very well, so here is a list both the well known in addition to some of the lesser obvious discounts you could be receiving when you buy St. Louis auto insurance online.
- College Student - Older children living away from St. Louis attending college and won't have access to an insured vehicle could qualify for this discount.
- Theft Deterrent System - Anti-theft and alarm system equipped vehicles can help prevent theft and will qualify for a discount on a St. Louis auto insurance quote.
- Renewal Discounts - A few larger companies offer discounts for switching companies before your current MKT insurance policy expires. Ten percent is about the average savings.
- Policy Bundle Discount - If you can combine your auto and home policy with the same insurance company you could get a discount of approximately 10% to 15%.
- ABS and Traction Control Discounts - Cars and trucks with ABS and/or traction control are much safer to drive and will save you 10% or more on MKT insurance in St. Louis.
Policy discounts save money, but most discount credits are not given to your bottom line cost. The majority will only reduce individual premiums such as liability and collision coverage. Just because it seems like having all the discounts means you get insurance for free, you're out of luck.
Some of the larger companies who may offer these money-saving discounts include:
If you are trying to find cheaper St. Louis auto insurance quotes, ask each insurance company how many discounts you can get. Some of the earlier mentioned discounts might not be offered on policies in St. Louis. To view companies who offer free Lincoln MKT insurance quotes in St. Louis, click here.
What if I want to buy from local St. Louis insurance agencies?
Certain consumers still prefer to sit down and talk to an agent and there is nothing wrong with that. A good thing about comparing rate quotes online is that you can obtain cheap rate quotes and still choose a local agent. And supporting local insurance agencies is definitely important in St. Louis.
Upon completion of this short form, your information is submitted to local insurance agents in St. Louis who will return price quotes for your auto insurance coverage. You won't need to find an agent because prices are sent immediately to you. You can find lower rates and a licensed agent to work with. If you need to compare prices from a specific insurance company, you would need to visit that company's website to submit a rate quote request.
If you want a local agent, it's helpful to know the different types of agencies and how they function. Auto insurance agents in St. Louis are considered either exclusive or independent.
Independent Insurance Agents
Agents in the independent channel do not sell for just one brand so they have the ability to put coverage with an assortment of companies and find the cheapest auto insurance rates. If they quote lower rates, your policy is moved internally which makes it simple for you.
When comparison shopping, we highly recommend that you compare quotes from a few independent agents to have the best price comparison. Most can insure with mutual insurance companies who may have lower rates.
Shown below is a list of independent agencies in St. Louis that can give you competitive price quotes.
- Charles Meyer Insurance Agency
5516 Telegraph Rd - St. Louis, MO 63129 - (314) 894-1313 - View Map
- Travers Insurance Agency
20 Allen Ave, Ste 310 - St. Louis, MO 63119 - (314) 962-2922 - View Map
- Goetz Insurance Agency
4586 Telegraph Rd - St. Louis, MO 63129 - (314) 720-1702 - View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive normally can only provide a single company's rates like Farmers Insurance and State Farm. They generally cannot compare rates from other companies so they really need to provide good service. Exclusive agencies receive a lot of sales training on what they offer which can be an advantage. Some people will only buy insurance from these agents mainly due to the prominence of the brand rather than low price.
Listed below is a short list of exclusive agencies in St. Louis willing to provide price quote information.
- Ken Kaid - State Farm Insurance Agent
8429 Olive Blvd - St. Louis, MO 63132 - (314) 997-3339 - View Map
- Pam Thornton - State Farm Insurance Agent
2533 S Brentwood Blvd - St. Louis, MO 63144 - (314) 961-8118 - View Map
- Allstate Insurance: Schaefer Agency Inc.
2315 Pine St # 103 - St. Louis, MO 63103 - (314) 652-2047 - View Map
Finding the right auto insurance agent requires you to look at more than just a cheap quote. Some important questions to ask are:
- Does their agency support local causes in St. Louis?
- Do they prorate repair cost based on vehicle mileage?
- Do they see any coverage gaps in your plan?
- Where are claims handled?
- What is the financial rating for the quoted company?
- Will they take your side in the event of a claim?
- How are claims handled?
How do I know if I need professional advice?
When it comes to choosing a policy, there really isn't a one size fits all plan. Everyone's needs are different.
For instance, these questions could help you determine whether or not you would benefit from an agent's advice.
- Does insurance cover tools stolen from my truck?
- Do all my vehicles need collision coverage?
- Am I covered if I hit my neighbor's mailbox?
- Is business property covered if stolen from my car?
- When would I need additional glass coverage?
- Should I buy full coverage?
- Is my dog or cat covered if injured in an accident?
- What if I don't agree with a claim settlement offer?
If you don't know the answers to these questions but a few of them apply, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.
Choosing the best MKT insurance in Missouri is an important decision
Despite the high cost, buying insurance is required by state law in Missouri and it also provides benefits you may not be aware of.
- Just about all states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability insurance coverage if you want to drive legally. In Missouri these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your MKT has a lienholder, it's most likely the lender will make it mandatory that you buy full coverage to ensure loan repayment if the vehicle is totalled. If you default on your policy, the bank may insure your Lincoln for a lot more money and force you to reimburse them the higher price.
- Insurance protects both your assets and your Lincoln MKT. It will also provide coverage for hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense in the event you are sued. If you have damage to your Lincoln as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of carrying adequate insurance more than offset the price you pay, particularly when you have a large claim. But the average driver in Missouri overpays as much as $869 every year so smart consumers compare quotes at every policy renewal to be sure current rates are still competitive.
Specific coverage details
Understanding the coverages of your policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement.
Uninsured and underinsured coverage - This protects you and your vehicle's occupants from other motorists when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Lincoln MKT.
Since a lot of drivers only purchase the least amount of liability that is required (which is 25/50/10), their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time the UM/UIM limits are similar to your liability insurance amounts.
Collision coverage - Collision insurance pays for damage to your MKT caused by collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims like scraping a guard rail, rolling your car, sustaining damage from a pot hole, hitting a parking meter and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from older vehicles. It's also possible to bump up the deductible on your MKT to save money on collision insurance.
Coverage for medical payments - Medical payments and Personal Injury Protection insurance pay for bills for things like pain medications, EMT expenses, dental work, surgery and hospital visits. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Comprehensive coverages - This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like damage from flooding, a tree branch falling on your vehicle, hitting a bird and fire damage. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle's value is low it's probably time to drop comprehensive insurance.
Liability coverages - This can cover damages or injuries you inflict on a person or their property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/10 that translate to $25,000 in coverage for each person's injuries, a per accident bodily injury limit of $50,000, and $10,000 of coverage for damaged property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.
Liability coverage pays for things such as emergency aid, funeral expenses, pain and suffering, attorney fees and bail bonds. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford. Missouri state minimum liability requirements are 25/50/10 but drivers should carry better liability coverage.
A little work can save a LOT of money
As you prepare to switch companies, it's very important that you do not reduce needed coverages to save money. There are a lot of situations where consumers will sacrifice collision coverage only to find out that it was a big error on their part. Your focus should be to get the best coverage possible for the lowest price and still be able to protect your assets.
Cheaper Lincoln MKT insurance in St. Louis can be found online in addition to many St. Louis insurance agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who may not offer price quotes online and most of the time these regional insurance providers work with independent agencies.
Drivers change insurance companies for many reasons like high prices, an unsatisfactory settlement offer, delays in responding to claim requests and unfair underwriting practices. Whatever your reason, finding a new company is not as difficult as it may seem.
For more information, link through to these articles:
- Senior Drivers (Insurance Information Institute)
- Who Has Affordable Car Insurance Rates for a Nissan Sentra in Missouri? (FAQ)
- How Much is Missouri Car Insurance for a School Permit? (FAQ)
- Who Has Cheap Auto Insurance Rates for Police Officers in Missouri? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Lyft Drivers in Missouri? (FAQ)
- How Much is Auto Insurance for a Ford F-150 in Missouri? (FAQ)
- Credit Impacts Car Insurance Rates (State Farm)
- Cellphones, Texting and Driving (iihs.org)