Locating the cheapest insurance for a Lincoln MKS in Colorado can be a painful process, but you can learn a few tricks and make it easy.
There are more efficient ways to buy car insurance so you’re going to learn the quickest way to price shop coverage for a new or used Lincoln and obtain the best price possible from both online companies and Denver agents.
It’s a good habit to compare premium rates as often as possible because rates are adjusted regularly by insurance companies. If you had the best premium rates on Lincoln MKS insurance in Denver last year you can probably find a lower rate today. Block out anything you think you know about car insurance because you’re going to get a crash course in how to use online quotes to save on car insurance.
The method we recommend to compare insurance rates in your area takes advantage of the fact almost all companies participate in online systems to quote your coverage. All consumers are required to do is provide details like whether or not you need a SR-22, how much coverage you want, whether the vehicles are used for commuting, and how much you drive. That information is instantly provided to multiple top-rated companies and you receive quotes within a short period of time.
To check Lincoln MKS insurance prices now, click here and enter your coverage details.
The providers in the list below offer price quotes in Colorado. If multiple companies are listed, it’s a good idea that you visit several of them to get the most affordable price.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKS AWD 4-Dr Sedan | $278 | $500 | $298 | $18 | $90 | $1,184 | $99 |
| MKS 4-Dr Sedan | $234 | $480 | $404 | $24 | $120 | $1,262 | $105 |
| MKS Ecoboost AWD 4-Dr Sedan | $212 | $406 | $308 | $18 | $92 | $1,036 | $86 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Price information does not factor in specific zip code location which can increase or decrease auto insurance rates significantly.
Car insurance rates by gender and age
The example below shows the difference between Lincoln MKS insurance costs for male and female drivers. The premium estimates are based on no claims, a clean driving record, comp and collision included, $500 deductibles, single marital status, and no discounts are applied to the premium.
Cost difference between full coverage and liability
The information below illustrates the difference between Lincoln MKS insurance prices when comparing full coverage to state minimum liability only. The premiums assume no claims or driving violations, $250 deductibles, married female driver, and no discounts are applied to the premium.
Are you wasting money on full coverage?
There isn’t a written rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Lincoln MKS claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $2,000 after the deductible is paid. If premium cost is more than $200 annually to have full coverage, then you might consider buying liability only.
There are a few cases where eliminating full coverage is not advised. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not eliminate full coverage.
Cheaper rates by receiving discounts
Auto insurance is not an enjoyable expense, but discounts can save money and there are some available that could help you make your next renewal payment. Certain credits will be shown at quote time, but a few need to be requested specifically in order for you to get them. If you do not check that you are getting every discount you deserve, you are paying more than you should be.
- Senior Citizens – Older drivers are able to get reduced rates.
- Responsible Driver Discounts – Drivers who don’t get into accidents can pay as much as 50% less compared to accident prone drivers.
- Discount for Life Insurance – Some insurance companies give a small discount if you purchase auto and life insurance together.
- Denver Homeowners Discount – Just owning your own home can get you a discount since owning and maintaining a home shows financial diligence.
- Military Rewards – Being on active deployment in the military may lower your rates slightly.
- Memberships – Belonging to a qualifying organization can get you a small discount on auto insurance.
- Multiple Cars – Buying coverage for primary and secondary vehicles with the same company may reduce the rate for each vehicle.
One last thing about discounts, most discounts do not apply to the entire cost. A few only apply to the cost of specific coverages such as liability and collision coverage. Just because it seems like all those discounts means the company will pay you, companies wouldn’t make money that way.
Companies and a selection of discounts include:
- State Farm offers discounts including Drive Safe & Save, good driver, multiple policy, safe vehicle, passive restraint, and Steer Clear safe driver discount.
- Progressive may include discounts for multi-vehicle, multi-policy, homeowner, continuous coverage, and good student.
- Progressive has discounts for continuous coverage, online quote discount, good student, homeowner, online signing, multi-policy, and multi-vehicle.
- MetLife includes discounts for good driver, good student, multi-policy, defensive driver, claim-free, accident-free
- Farm Bureau has savings for good student, driver training, multi-policy, safe driver, youthful driver, and 55 and retired.
- GEICO policyholders can earn discounts including seat belt use, five-year accident-free, military active duty, anti-theft, multi-vehicle, and defensive driver.
- SAFECO offers discounts for teen safe driver, bundle discounts, drive less, anti-lock brakes, homeowner, multi-car, and accident prevention training.
Check with every prospective company the best way to save money. Some of the discounts discussed earlier may not apply in your state.
Smart Choices Result in Lower Insurance Premiums
Multiple criteria are used in the calculation when you get a price on insurance. Some factors are common sense such as your driving record, but some are less apparent like your continuous coverage or your vehicle rating. One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that play a part in calculating your policy premiums. If you understand what impacts premium levels, this allows you to make educated decisions that may reward you with lower rates.
How many coverages with the same company – Most larger companies apply better rates to people that have more than one policy such as combining an auto and homeowners policy. Even if you’re getting this discount drivers will still want to comparison shop to make sure you are getting the best deal.
Excellent credit means lower costs – Having a bad credit rating is a large factor in calculating your auto insurance rates. Therefore, if your credit history could use some work, you could potentially save money when insuring your Lincoln MKS by spending a little time repairing your credit. Consumers who have high credit ratings tend to file fewer claims than those with worse credit.
Know your vehicle’s safety rating – Safe vehicles tend to have better insurance rates. These vehicles reduce injuries and fewer serious injuries means less money paid by your insurance company and lower rates for you.
Be proud to be claim-free – Companies in Colorado provide lower rates to insureds who do not rely on their insurance for small claims. If you are a frequent claim filer, you can pretty much guarantee either higher rates or even cancellation. Your car insurance is intended to be relied upon for major claims that would cause financial hardship.
Don’t cancel your auto insurance without a new one in place – Letting your insurance expire is a guaranteed way to increase your auto insurance rates. In addition to paying higher rates, failure to provide proof of insurance can result in fines or a revoked license.
Lincoln MKS insurance loss data – Insurers factor in historical loss data in order to profitably underwrite each model. Models that historically have increased losses will be charged more to insure.
The table shown below demonstrates the insurance loss data for Lincoln MKS vehicles. For each policy coverage, the claim amount for all vehicles averaged together is represented as 100. Values under 100 are indicative of better than average losses, while percentages above 100 indicate frequent claims or an increased chance of larger losses than average.
Car Insurance Loss Data for Lincoln MKS Models
| Specific Lincoln Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Lincoln MKS 4dr 2WD | 121 | 90 | 140 | 78 | 103 | |
| Lincoln MKS 4dr 4WD | 135 | 89 | 204 | 89 | ||
| Lincoln MKS Ecoboost 4dr 4WD | 139 | 93 | 153 | 87 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Buying car insurance from Denver car insurance agents
A lot of people prefer to go talk to an agent and doing so can bring peace of mind Most agents can help you build your policy and help you file claims. One of the benefits of comparing rate quotes online is you can get lower premium rates and also buy local. And supporting neighborhood insurance agencies is especially important in Denver.
After filling out this short form, the quote information is immediately sent to agents in your area that provide free Denver car insurance quotes for your car insurance coverage. It makes it easy because there is no need to drive around as quotes are delivered instantly to you. If you need to get a rate quote from a specific company, you can always jump over to their website and give them your coverage information.
If you want to buy car insurance from an insurance agent, you need to know there are two different agency structures and how they are slightly different. Denver agents are categorized either independent agents or exclusive agents depending on their employer. Both types can properly insure your vehicles, but it’s good to learn the subtle differences since it may influence the selection process.
Independent Car Insurance Agents (or Brokers)
Independent insurance agents often have many company appointments so as a result can place your coverage with any number of different companies and find you cheaper rates. To transfer your coverage to a different company, an independent agent can move your coverage which is easy for the insured. If you are trying to find cheaper rates, it’s recommended you include independent agents to have the best price comparison. Many independent agencies also insure through additional companies that you may not be familiar with that many times have cheaper rates.
Listed below are Denver independent insurance agents that may be able to give you rate quotes.
- Longevity Insurance Brokers
100 Fillmore St – Denver, CO 80206 – (720) 209-4598 – View Map - Moody Insurance Agency
8055 E Tufts Ave #1000 – Denver, CO 80237 – (303) 824-6600 – View Map - Henry Ham Agency, Inc
645 E Evans Ave – Denver, CO 80210 – (303) 744-1341 – View Map
Exclusive Agents
Agents in the exclusive channel can only provide pricing for a single company like State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot provide prices from multiple companies so they have no alternatives for high prices. Exclusive agencies are well schooled on the products they sell and that allows them to sell at a higher price point. Many people buy from exclusive agents mostly because of the brand legacy and solid financial strength.
Below is a short list of exclusive agencies in Denver who can help you get price quotes.
- American Family Insurance – Matthew Ditzenberger
1485 S Colorado Blvd #300c – Denver, CO 80222 – (303) 756-8038 – View Map - Alan Deines – State Farm Insurance Agent
2120 S Ash St Unit 150 – Denver, CO 80222 – (303) 388-4400 – View Map - Jack Sunahara – State Farm Insurance Agent
3525 S Tamarac Dr #160 – Denver, CO 80237 – (303) 779-4848 – View Map
Finding the right car insurance agent requires more thought than just the price. Before buying a policy in Denver, get answers to these questions.
- What are the financial ratings for the companies they represent?
- Does the agent have a valid license to sell insurance in Colorado?
- What discounts might you be missing?
- Did they already check your driving record and credit reports?
- What company do they have the most business with?
- What is their Better Business Bureau rating?
- When do they do policy reviews?
- Is auto insurance their primary focus in Denver?
Do drivers who switch really save?
Colorado consumers can’t ignore all the ads that promise big savings for switching by Progressive, Allstate and GEICO. All the ads tend to make the same promise that people will save if you change to them.
How does every company make almost identical claims? You have to listen carefully.
Most companies have specific criteria for the driver that will most likely be profitable. A good example of a profitable risk profile might have to be over the age of 40, has never had a policy lapse, and drives a lower-performance vehicle. Any driver that meets those criteria will probably get the lowest auto insurance rates and most likely will save when switching.
Consumers who don’t meet the requirements will see higher rates which usually ends up with the customer buying from someone else. The ads state “customers who switch” not “all people who quote” save that kind of money. That’s the way insurance companies can make it sound like they have such great premium rates.
This really illustrates why it is so important to get price quotes at each policy renewal. It’s impossible to know which insurance companies will provide you with the cheapest Lincoln MKS insurance in Denver.
Quote more and you will save more
People change insurance companies for a variety of reasons including policy cancellation, denial of a claim, poor customer service and even delays in paying claims. Whatever your reason, switching companies can be easier than you think.
More affordable insurance in Denver is definitely available both online as well as from independent agents in Denver, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance providers may not provide online quoting and these small, regional companies work with independent agencies.
As you quote Denver car insurance, you should never buy less coverage just to save a little money. In too many instances, an insured dropped full coverage only to find out that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find at the lowest possible cost, but do not sacrifice coverage to save money.
More tips and info about insurance can be read at these sites:
- Rental Car Insurance Tips (Insurance Information Institute)
- What Insurance is Cheapest for a Honda CR-V in Denver? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Teenagers in Denver? (FAQ)
- How Much are Denver Car Insurance Quotes for a Toyota Highlander? (FAQ)
- What is a Telematics Device? (Allstate)
- Vehicle Insurance in the U.S. (Wikipedia)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Think You’re a Safe Driver? (State Farm)