Searching for lower-cost Denver Lincoln MKT insurance quotes online may be rather challenging for drivers who are new to shopping for insurance on the internet. With a ridiculous number of companies competing online, how can Denver drivers be able to compare the different rates to find the cheapest rates?
Amazlingly, a recent NerdWallet.com study showed that nearly 70% of consumers renewed their policy with the same company for more than four years, and just short of a majority have never taken the time to shop around. With the average premium in the United States being $1,847, drivers can save hundreds of dollars each year by just comparing rate quotes, but they don’t believe the amount of money they would save if they swap their current policy for a cheaper one.
You should make it a habit to compare premium rates before your policy renews because insurance prices change quite often. Despite the fact that you may have had the best rates on Lincoln MKT insurance in Denver two years ago there is a good chance you can find better rate quotes now. Forget anything you know (or think you know) about insurance because you’re about to learn the quickest way to save money, get proper coverage and the best rates.
The most recommended method to compare insurance rates from multiple companies is to understand car insurance companies will pay a fee to provide you with a free rate quote. The only thing you need to do is give the companies some data including your job, whether your vehicle is owned or leased, whether or not you need a SR-22, and if you went to college. The rating information is then submitted to multiple top-rated companies and you get price estimates almost instantly.
To compare rates for your Lincoln MKT now, click here and see if a lower rate is available in Denver.
The companies shown below offer price quotes in Colorado. If the list has multiple companies, we recommend you compare several of them to find the most competitive car insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKT 3.7 2WD | $182 | $332 | $416 | $24 | $124 | $1,078 | $90 |
| MKT 3.7 AWD | $410 | $852 | $480 | $28 | $144 | $1,914 | $160 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Estimates do not factor in specific Denver garaging location which can impact premiums greatly.
Rate comparison for different deductibles
A question often asked by Denver drivers is where should you set your physical damage deductibles. The rates below approximate the rate differences between high and low coverage deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKT 3.7 2WD | $380 | $644 | $396 | $24 | $118 | $1,587 | $132 |
| MKT 3.7 AWD | $420 | $740 | $396 | $24 | $118 | $1,723 | $144 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKT 3.7 2WD | $278 | $434 | $396 | $24 | $118 | $1,250 | $104 |
| MKT 3.7 AWD | $306 | $500 | $396 | $24 | $118 | $1,344 | $112 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rates do not factor in specific Denver garaging location which can alter auto insurance rates considerably.
Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $30 more each month or $360 every year than choosing the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you have at least 13 months between claims, you would probably save some money if you choose a higher deductible. The table below illustrates how you can decide this on your own policy.
| Average monthly premium for $100 deductibles: | $138 |
| Average monthly premium for $500 deductibles (subtract): | – $108 |
| Monthly savings from raising deductible: | $30 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $30 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 13 months |
One thing to note is that raising deductibles to get cheaper rates results in having to pay to pay more out-of-pocket when you have to file a claim. You need to make sure you have enough extra money in order to pay the deductible for vehicle repair.
Tickets and at-fault accidents raise rates
The diagram below demonstrates how traffic citations and accident claims can increase Lincoln MKT premium costs for different age groups. Data assumes a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.
Insurance rates and discounts
Insuring your vehicles can cost a lot, but there could be available discounts to help offset the cost. Some trigger automatically at the time you complete a quote, but occasionally some discounts must be asked about before being credited.
- Paperwork-free – Some of the larger companies will give a small break for buying your policy on the internet.
- Theft Deterrent Discount – Vehicles equipped with anti-theft or alarm systems have a lower chance of being stolen and earn discounts up to 10% off your Denver auto insurance quote.
- Safety Restraint Discount – Forcing all vehicle occupants to buckle their seat belts can save up to 15% off the medical payments premium.
- Include Life Insurance and Save – Select insurance companies reward you with better rates if you take out life insurance from them.
- No Claim Discounts – Claim-free drivers are rewarded with significantly better rates on Denver auto insurance quote compared to insureds who have frequent claims or accidents.
- Renewal Discounts – A few insurance companies allow discounts for renewing your policy before your current coverage expires. You could save around 10% when you buy Denver auto insurance online.
- Multi-car Discount – Having primary and secondary vehicles on the same insurance policy may reduce the rate for each vehicle.
- Active Military Service – Having a family member in the military could be rewarded with lower rates.
Just know that most credits do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. So when it seems like you would end up receiving a 100% discount, companies don’t profit that way.
Auto insurance companies that have these discounts are:
When quoting, ask all companies you are considering which discounts can lower your rates. Some credits might not apply everywhere. If you would like to see a list of insurance companies who offer free Lincoln MKT insurance quotes in Colorado, click this link.
Best reasons to buy car insurance in Colorado
Despite the high insurance cost for a Lincoln MKT in Denver, insurance is a good idea for several reasons.
- The majority of states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability insurance in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a loan on your MKT, almost every bank will require that you buy full coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank will be required to insure your Lincoln at a more expensive rate and require you to fork over for the expensive policy.
- Insurance safeguards not only your Lincoln but also your assets. Insurance will pay for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to have it repaired.
The benefits of buying car insurance more than offset the price you pay, especially for larger claims. But the average driver in Colorado is overpaying more than $865 each year so it’s recommended you shop around each time the policy renews to be sure current rates are still competitive.
When to get professional advice
Always remember that when buying coverage, there really is not a “perfect” insurance plan. Every situation is different and a cookie cutter policy won’t apply.
For instance, these questions may help you determine whether your personal situation could use an agent’s help.
- Is my cargo covered for damage or theft?
- Is borrowed equipment or tools covered if stolen or damaged?
- Do I need special coverage while pulling a rented trailer?
- Should I buy additional glass protection?
- Is my son or daughter covered when driving my car?
- Is my business laptop covered if it gets stolen from my vehicle?
- How can I get the company to pay a claim?
If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
Insurance agencies near you
Certain consumers still prefer to buy from a licensed agent and we recommend doing that An additional benefit of comparing insurance online is you can get cheaper prices and still choose a local agent. And providing support for small agencies is especially important in Denver.
To find an agent, once you fill out this quick form, your insurance data is submitted to agents in your area who will give competitive quotes to get your business. It’s much easier because you don’t need to find an agent on your own due to the fact that quote results will go to the email address you provide. You can find lower rates without requiring a lot of work. If you wish to get a rate quote from a particular provider, just go to their quote page and fill out their quote form.
If you’re trying to find a local insurance agency, you must know there are a couple types of insurance agents and how they differ in how they can insure your vehicles. Agencies in Denver can be described as either independent or exclusive.
Independent Agents (or Brokers)
Agents in the independent channel are not locked into one company and that is an advantage because they can write policies with multiple insurance companies enabling the ability to shop coverage around. If they quote lower rates, your agent can just switch to a different company and you don’t have to do anything. If you need lower rates, you will want to include at a minimum one independent agency to have the best price comparison. Most independent agents also contract with smaller regional carriers which may provide better rates.
Featured below are independent insurance agents in Denver who may be able to give you price quote information.
- L A Insurance
2684 S Broadway – Denver, CO 80210 – (303) 282-8000 – View Map - Sorhage and James Insurance
1660 S Albion St # 1005 – Denver, CO 80222 – (303) 759-4551 – View Map - All Insurance Agency
67 Knox Ct – Denver, CO 80219 – (303) 935-3661 – View Map
Exclusive Agents
Agents that choose to be exclusive have only one company to place business with like State Farm, Allstate and AAA. Exclusive agents cannot provide prices from multiple companies so they are skilled at selling on more than just price. Exclusive agents are trained well on what they offer which helps them sell on service rather than price. Consumers sometimes purchase coverage from exclusives mostly because of the prominence of the brand and solid financial strength.
Shown below are Denver exclusive agencies that are able to give rate quotes.
- Farmers Insurance – James Lundin
1490 N Lafayette St #302b – Denver, CO 80218 – (303) 433-4542 – View Map - Rick Emerson Jr. – State Farm Insurance Agent
4800 Happy Canyon Rd #230 – Denver, CO 80237 – (303) 781-1133 – View Map - American Family Insurance – Matthew Ditzenberger
1485 S Colorado Blvd #300c – Denver, CO 80222 – (303) 756-8038 – View Map
Finding a good insurance agent should depend on more than just the premium amount. Here are some questions to ask:
- What is their Better Business Bureau rating?
- Will your rates increase after a single accident?
- Is there any savings for paying the full premium?
- Who is covered by the car insurance policy?
- How would your car be valued if totalled?
- What insurance companies do they work with in Denver?
After you get positive responses to any questions you have and a low price estimate, you may have just found an auto insurance agent that meets the requirements to insure your vehicles. Just remember consumers can terminate your policy at any time so don’t think you’re contractually obligated to a specific agent for the entire policy term.