Car Insurance Rates for a Lincoln MKZ in Baltimore

Shockingly, almost 70% of insureds have been with the same company for a minimum of four years, and about 40% of consumers have never compared quotes from other companies. The average driver in Maryland can save almost $800 each year just by getting comparison quotes, but they don’t want to take the time to go online and compare rates.

Truthfully, the best way to save money on car insurance rates in Baltimore is to start comparing prices regularly from companies in Maryland. Price quotes can be compared by following these guidelines.

• Step 1: Take a little time to learn about how auto insurance works and the measures you can take to keep rates down. Many rating factors that result in higher prices such as accidents, careless driving, and a substandard credit score can be controlled by being financially responsible and driving safely.
• Step 2: Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from a single company like Progressive and State Farm, while agents who are independent can give you price quotes for a wide range of companies.
• Step 3: Compare the quotes to the price on your current policy to see if a cheaper rate is available. If you find a lower rate quote and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
• Step 4: Provide notification to your current company of your decision to cancel your existing policy. Submit a completed application and payment to the new company. Immediately keep the new proof of insurance paperwork in your glove compartment.

One thing to remember is to try to use the same deductibles and limits on every quote request and and to get quotes from as many companies as feasibly possible. Doing this ensures an accurate price comparison and a good representation of prices.

If you currently have a car insurance policy, you will be able to reduce the price you pay using these techniques. Finding the cheapest insurance coverage in Baltimore can be easy if you know a few tricks. Nevertheless, Maryland drivers need to learn the way insurance companies compete online because it varies considerably.

Companies offering Lincoln MKZ insurance in Baltimore

The providers in the list below are our best choices to provide quotes in Maryland. If you wish to find cheap auto insurance in Baltimore, it’s a good idea that you compare several of them to find the cheapest auto insurance rates.

Rates and information analytics

The premium table displayed below covers detailed analysis of insurance prices for Lincoln MKZ models. Having a good grasp of how rate quotes are formulated can assist in making smart choices when comparing insurance rates.

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in zip code location which can decrease or increase auto insurance rates greatly.

Raise deductibles and save

When buying car insurance, a common question is how high should your deductibles be. The rates below illustrate the rate fluctuation between low and high insurance deductibles. The first pricing table uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can change auto insurance rates noticeably.

We can derive from the above data that using a $250 deductible costs an average of $35 more each month or $420 every year than selecting the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 21 months between claims, you would probably be better off going with the higher deductible.

An important thing to remember is that increasing deductibles to lower your rates results in more money out-of-pocket when you have to file a claim. You must have some money saved in order to pay the higher deductible.

Accidents and violations increase rates

The information below demonstrates how citations and at-fault collisions can raise Lincoln MKZ insurance premiums for different age groups. The data assumes a married female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.

Lincoln MKZ annual premiums for males versus females

The illustration below visualizes the comparison of Lincoln MKZ insurance rates for male and female drivers. The price estimates are based on no claims or driving citations, full physical damage coverage, $100 deductibles, drivers are single, and no policy discounts are applied.

How You Can Control Lincoln MKZ Insurance Premiums

A large part of saving on car insurance is knowing the factors that help determine your policy premiums. If you have a feel for what determines premiums, this helps enable you to make changes that could help you find cheaper rates. Many different elements are part of the calculation when premium rates are determined. Some factors are common sense like your driving record, although others are less apparent such as whether you are married or how safe your car is.

The items below are some of the most rate-impacting factors used by insurance companies to determine prices.

• Prevent your car from being stolen – Choosing a vehicle with a theft deterrent system can save you some money. Systems that thwart thieves such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent auto theft.
• Insurance rates in urban areas – Living in a small town has definite advantages when shopping for auto insurance. Less people living in that area means reduced accidents. Drivers in populated Maryland areas have much more traffic and more severe claims. More time commuting translates into higher accident risk.
• Never let your car insurance policy lapse – Having a gap between insurance policy dates can be a guaranteed way to trigger a rate increase. Not only will you pay more, the inability to provide proof of insurance will get you a revoked license or a big fine. You may then have to file a SR-22 with the Maryland motor vehicle department.
• Pay less after the wedding – Having a significant other actually saves money on your car insurance bill. Marriage is viewed as being more mature than a single person and statistics show married couples file fewer claims.
• Drivers with good credit save on car insurance – Having a good credit score will be a significant factor in calculating your premium rate. If your credit can use some improvement, you could save money insuring your Lincoln MKZ by repairing your credit. Drivers with very high credit ratings tend to be better drivers and file fewer claims than drivers who have worse credit.

• Insurance losses for a Lincoln MKZ – Car insurance companies factor in historical loss data when setting premium prices. Vehicles that are shown to have a trend towards higher claim severity or frequency will have higher premium rates. The table below demonstrates the compiled insurance loss statistics for Lincoln MKZ vehicles.

  For each type of coverage, the claim probability for all vehicles combined as an average is represented as 100. Values that are 100 or less are indicative of better than average losses, while values over 100 indicate frequent claims or a tendency for claims to be larger.

  
  

  Lincoln MKZ Insurance Loss Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Lincoln MKZ 4dr 2WD	137	85	107	95	89	75
  Lincoln MKZ 4dr 4WD	140	82	126	99
  Lincoln MKZ Hybrid 4dr	148	84	100	74	82	76

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

Cheaper rates with these rate reducing discounts

Some insurance providers don’t list all their discounts in a way that’s easy to find, so we researched some of the best known as well as the least known credits available to bring down your rates.

• Air Bag Discount – Vehicles equipped with air bags can get savings of more than 20%.
• Drivers Education – Teen drivers should enroll and complete driver’s education as it will make them better drivers and lower rates.
• ABS and Traction Control Discounts – Cars and trucks equipped with ABS or steering control can reduce accidents and will save you 10% or more on MKZ insurance in Baltimore.
• Professional Memberships – Joining specific professional or occupational memberships or organizations may earn a discount when getting a Baltimore auto insurance quote.
• Employee of Federal Government – Active or former government employment could provide a small rate reduction with certain companies.
• Claim-Free Discount – Good drivers with no accidents can earn big discounts as compared to accident-prone drivers.
• Responsible Driver Discount – Insureds without accidents can save up to 40% or more on their Baltimore auto insurance quote than less cautious drivers.
• Life Insurance – Larger insurance carriers have better car insurance rates if you take out a life policy as well.
• Auto/Home Discount – If you combine your homeowners and auto policies with one insurance company you may save 10% to 20% off each policy.

A quick disclaimer, most of the big mark downs will not be given to the whole policy. Most only cut individual premiums such as collision or personal injury protection. Just because you may think adding up those discounts means a free policy, companies don’t profit that way.

The information below illustrates the difference between Lincoln MKZ car insurance rates with and without discounts applied to the premium. The premium estimates are based on a female driver, no tickets, no at-fault accidents, Maryland state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, multi-policy, homeowner, and multi-car discounts applied.

Some companies that may offer policyholders most of these discounts possibly include:

• State Farm
• GEICO
• Allstate
• SAFECO
• Farm Bureau
• Progressive
• AAA

Before purchasing a policy, check with each insurance company which credits you are entitled to. Some credits might not be offered in your area.

Insurance agencies can help

Some people just prefer to have an agent’s advice and that is a personal choice. An additional benefit of comparing insurance prices online is that drivers can save money and get cheaper car insurance rates and still have a local agent. Buying from and supporting local agents is still important in Baltimore.

By using this form (opens in new window), your information is instantly submitted to local insurance agents who will give you quotes for your auto insurance coverage. It simplifies rate comparisons since you won’t have to leave your house because prices are sent to the email address you provide. You can find better rates AND an agent nearby. If you wish to get a rate quote from one company in particular, just visit that company’s website and fill out the quote form the provide.

Finding the right insurer requires you to look at more than just the price. These are some questions your agent should answer.

• Do they receive special compensation for putting your coverage with one company over another?
• Will you get a loaner vehicle if you car is being repaired?
• Is vehicle mileage a factor when determining depreciation for repairs?
• Can they provide you with a list of referrals?
• Does the agency have a good rating with the Better Business Bureau?
• Which companies do they recommend if they are an independent agency?

In the end, you can save money

When shopping online for car insurance, make sure you don’t reduce needed coverages to save money. In many instances, consumers will sacrifice liability coverage limits only to regret that the few dollars in savings costed them thousands. The ultimate goal is to buy the best coverage you can find at the best possible price while not skimping on critical coverages.

A few companies may not have rate quotes online and these regional insurance providers work with independent insurance agencies. Affordable Lincoln MKZ insurance in Baltimore can be found from both online companies and from local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.

Additional car insurance information can be found at these links:

• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
• Who Has Cheap Car Insurance Rates for Nurses in Baltimore? (FAQ)
• Vehicle Size and Weight FAQ (iihs.org)
• What are my Rights when Filing a Claim? (Insurance Information Institute)