Cheapest Insurance for a Lincoln MKS in Colorado Springs

If saving money is your primary concern, then the best way to find cheaper prices for Lincoln MKS insurance in Colorado Springs is to begin comparing prices regularly from insurance carriers who can sell car insurance in Colorado.

• First, get an understanding of how insurance works and the things you can control to keep rates down. Many risk factors that result in higher rates like traffic violations, accidents, and an unacceptable credit rating can be amended by making minor changes to your lifestyle. Continue reading for additional tips to keep prices down and get discounts that may be overlooked.
• Second, compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive or Allstate, while independent agencies can give you price quotes from multiple insurance companies.
• Third, compare the price quotes to your current policy to see if switching to a new carrier will save money. If you find a lower rate, make sure the effective date of the new policy is the same as the expiration date of the old one.

A good tip to remember is to compare identical coverages on every quote and to quote with as many companies as you can. This helps ensure an accurate price comparison and a good representation of prices.

Unbelievable but true, 70% of consumers renewed their policy with the same company for at least the last four years, and just short of a majority have never shopped around. Many drivers in the United States could save almost $860 each year just by comparing rates, but they don’t know the amount of money they would save if they switched to a cheaper policy.

The goal of this article is to teach you a little about the best way to quote coverages and some tips to save money. If you currently have a car insurance policy, you will most likely be able to get lower rates using the concepts you’re about to learn. You just need to use the tricks to compare rate quotes using one simple form.

Compare free Colorado Springs Lincoln MKS insurance rate quotes

The companies shown below provide price comparisons in Colorado Springs, CO. To locate cheaper auto insurance in Colorado Springs, CO, it’s highly recommended you visit two to three different companies to get the lowest price.

Car insurance policy discounts for Lincoln MKS insurance in Colorado Springs

Car insurance is not cheap nor is it fun to buy but you may find discounts that you may not know about. Some of these discounts will be visible at the time you complete a quote, but some may not be applied and must be specifically requested prior to getting the savings. If you are not receiving all the discounts available, you are paying more than you should be.

• Telematics Discount – Drivers who elect to allow driving data collection to monitor when and where they use their vehicle through the use of a telematics system such as Progressive’s Snapshot could see a rate decrease if they show good driving skills.
• Distant College Student Discount – Kids who live away from home at college and do not have access to a covered vehicle may be insured at a cheaper rate.
• Discount for New Cars – Insuring a new MKS may earn a small discount since new model year vehicles have better safety ratings.
• Sign Early and Save – A few car insurance companies allow discounts for buying a policy prior to your current MKS insurance policy expiration. You may see this discount when you get Colorado Springs auto insurance quotes online.
• Defensive Driver – Taking part in a defensive driving course could earn you a small percentage discount depending on where you live.
• Multiple Cars – Having several vehicles on the same car insurance policy qualifies for this discount.
• Club Memberships – Affiliation with certain professional organizations could qualify you for a break on car insurance.

While discounts sound great, it’s important to understand that many deductions do not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like liability, collision or medical payments. So even though it sounds like all the discounts add up to a free policy, that’s just not realistic.

The information below visualizes the comparison of Lincoln MKS car insurance costs with and without discounts being applied to the rates. The costs are based on a male driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, safe-driver, multi-policy, multi-car, and marriage discounts applied.

To locate insurers that offer multiple discounts in Colorado, click this link.

Insurance rate breakdown

The rate information displayed below showcases a range of policy rates for Lincoln MKS models. Learning a little about how rates are figured can be valuable when making smart choices when purchasing an auto insurance policy.

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Estimates do not factor in specific location which can lower or raise price quotes significantly.

Rate comparison for different deductibles

The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The rates below outline the rate differences between high and low coverage deductibles. The first data table uses a $100 physical damage deductible and the second pricing table uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Price estimates do not factor in the specific area where the vehicle is garaged which can change insurance rates considerably.

Based on this data, using a $100 deductible will cost you roughly $47 more each month or $564 every year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 19 months between claims, you would save more money if you elect the higher deductible.

The diagram below demonstrates how deductible levels and can change Lincoln MKS insurance prices for each age group. The price estimates are based on a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Car insurance premiums by gender

The chart below illustrates the difference between Lincoln MKS insurance costs for male and female drivers. The premiums are based on no claims or driving violations, comp and collision included, $250 deductibles, marital status is single, and no discounts are applied.

Neighborhood agents and insurance

Certain consumers still like to sit down with an agent and we recommend doing that Agents can help determine the best coverages and give you someone to call. The best thing about comparing insurance prices online is you may find cheap rate quotes and still choose a local agent. Buying from local agents is definitely important in Colorado Springs.

After filling out this short form, the coverage information is sent to local insurance agents in Colorado Springs that can provide free Colorado Springs auto insurance quotes and help you find cheaper coverage. There is no need to do any legwork since price quotes are sent instantly to you. If for some reason you want to compare prices from a particular provider, you can always navigate to their website to submit a rate quote request.

Pick the best auto insurance agent in Colorado Springs for you

If you want a local Colorado Springs insurance agent, you must know there are a couple types of insurance agents and how they differ in how they quote coverages. Insurance agents can be classified as either independent agents or exclusive agents depending on their employer. Either one can insure your vehicles properly, but it is important to understand how they differ because it may have an impact on your selection of an agent.

Independent Insurance Agents

Agents of this type are not employed by one company so they can write business through many companies and help determine which has the cheapest rates. To move your coverage to a new company, they simply switch companies in-house and you won’t have to switch agencies. When shopping rates, we recommend you contact at least one independent agent to have the best price comparison. Most also have access to different regional companies which can save you money.

Listed below are Colorado Springs independent agencies that can possibly get you pricing information.

• Six and Geving Insurance Inc
  3630 Sinton Rd # 200 – Colorado Springs, CO 80907 – (719) 590-9990 – View Map
• Benson Insurance Group, LLC
  5155 N Academy, #110 – Colorado Springs, CO 80918 – (719) 622-3079 – View Map
• WIN Insurance Agency
  3485 Academy Blvd N Ste 101 – Colorado Springs, CO 80917 – (719) 599-9494 – View Map

More insurance agents

Exclusive Agents

Agents in the exclusive channel can only provide one company’s prices such as Allstate, State Farm and Farm Bureau. These agents are not able to provide rate quotes from other companies so they really need to provide good service. Exclusive agents are well trained on their products and sales techniques which aids in selling service over price. Consumers frequently purchase coverage from exclusives mostly because of the brand name and strong financial ratings.

Listed below are exclusive agents in Colorado Springs that can give you price quote information.

• Tom Calvin – State Farm Insurance Agent
  1311 E Fillmore St – Colorado Springs, CO 80907 – (719) 473-3600 – View Map
• Bob Hawkins – State Farm Insurance Agent
  5490 Powers Center Point #132 – Colorado Springs, CO 80920 – (719) 418-3377 – View Map
• Allstate Insurance: Dave Lohman
  76 S Sierra Madre St b – Colorado Springs, CO 80903 – (719) 471-9271 – View Map

More insurance agents

Picking the best car insurance agent should depend on more than just a cheap quote. Below are some questions you should ask.

• If your car is in the repair shop, do you have coverage for a rental car?
• Do they specialize in personal lines auto insurance in Colorado Springs?
• Will high miles depreciate repair valuations?
• Can glass repairs be made at your home?
• How long has their agency been open in Colorado Springs?
• Do they feel the quoted coverages are adequate?

Do I need special coverages?

When it comes to insurance from an agent or online, there really is not a single plan that fits everyone. Everyone’s situation is a little different.

For instance, these questions can aid in determining whether you might need an agent’s assistance.

• Are there any extra discounts I can get?
• Am I covered if I have no license?
• Will my rates increase for filing one claim?
• Am I covered if I drive in a foreign country?
• Am I covered while delivering pizza?
• When can my company non-renew my policy?
• When should I not file a claim?
• Can I get a multi-policy discount for packaging my home and auto coverage?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form. It only takes a few minutes and can help protect your family.

The Lincoln MKS Insurance Rate Equation

Consumers need to have an understanding of the different types of things that aid in calculating your premiums. When you know what positively or negatively influences your rates, this empowers consumers to make smart changes that may result in lower premium levels.

The itemized list below are some of the factors utilized by car insurance companies to help set rates.

• You may save more by bundling policies – The majority of insurance companies afford lower prices to people who buy several policies from them, otherwise known as a multi-policy discount. Even though this discount sounds good, you still need to compare Lincoln MKS rates in Colorado Springs to help guarantee you have the best rates. You may still save even more by splitting coverages up.

• Drive a fast car, truck or SUV and pay more – The performance level of the vehicle you are insuring makes a huge difference in determining your rates. The cheapest insurance rates will normally be found when insuring lower cost passenger cars, but that’s not the only thing that factors into the final price.

  The following chart uses these assumptions: single female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Lincoln MKS car insurance rates compared to other makes and models that have different performance risks.

• Deductibles are a factor – Physical damage insurance, also called comprehensive and collision insurance, covers damage that occurs to your Lincoln. Examples of some claims that would be covered are collision with another vehicle, hitting a deer, and windstorm damage. Comp and collision deductibles are how much you are willing to pay out-of-pocket if you file a covered claim. The more the insured is willing to pay, the better rate you will receive.
• File claims and pay more – If you file a lot of claims you should expect either higher rates or even cancellation. Companies in Colorado give most affordable rates to people who only file infrequent claims. Insurance coverage is meant to be used in the event of larger claims.
• Liability is critical – The liability section of your policy provides coverage in the event that a jury decides you are liable for causing personal injury or damage in an accident. Your liability coverage provides for a legal defense to defend your case. This coverage is relatively inexpensive when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
• Demanding employer may mean higher rates – Careers such as military personnel, police officers, and financial analysts tend to pay the highest average rates in part from high stress and long work days. On the other hand, careers such as professors, students and the unemployed pay the least.

• Lincoln MKS insurance loss data – Auto insurance companies include the past claim trends for vehicles when setting premium prices. Vehicles that historically have increased claim numbers or amounts will have a higher premium rate.

  The table shown below demonstrates the insurance loss data for Lincoln MKS vehicles. For each type of coverage, the loss probability for all vehicles, regardless of manufacturer or model, is considered to be 100. Numbers under 100 represent a good loss history, while values that are above 100 indicate frequent claims or a tendency for claims to be larger.

  
  

  Insurance Loss Ratings for Lincoln MKS Vehicles

  Make and 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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance is not optional

Even though it can be expensive, insurance is required in Colorado but it also protects you in many ways.

First, most states have mandatory insurance requirements which means the state requires specific minimum amounts of liability insurance coverage in order to license the vehicle. 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.

Second, if your car has a lienholder, most banks will have a requirement that you have insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the bank may insure your Lincoln at an extremely high rate and require you to fork over the higher price.

Third, insurance preserves both your vehicle and your personal assets. Insurance will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, your insurance policy will cover the damage repairs after a deductible is paid.

The benefits of having insurance greatly outweigh the cost, particularly if you ever have a claim. In a recent study of 1,000 drivers, the average customer is currently overpaying as much as $750 every year so it’s very important to do a rate comparison at every policy renewal to make sure the price is not too high.

Best auto insurance in Colorado Springs

Insuring your vehicle with the highest-rated auto insurance company can be difficult considering how many different insurance companies sell coverage in Colorado. The rank data listed below may help you decide which auto insurance companies to look at purchasing from.

Top 10 Colorado Springs Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Mercury Insurance

Smart shoppers get results

Cheaper insurance in Colorado Springs is definitely available on the web and with local Colorado Springs insurance agents, and you should compare rates from both in order to have the best price selection to choose from. A few companies may not offer rates over the internet and usually these smaller companies prefer to sell through local independent agents.

In this article, we presented some good ideas how you can find cheap Lincoln MKS insurance in Colorado Springs. The key concept to understand is the more quotes you get, the higher the chance of saving money. Drivers may even discover the lowest car insurance rates are with some of the smallest insurance companies.

Insureds who switch companies do it for a number of reasons such as questionable increases in premium, not issuing a premium refund, extreme rates for teen drivers or even high rates after DUI convictions. It doesn’t matter what your reason, finding the right insurance provider can be easier than you think.

Even more information can be read at these sites:

• Frontal Crash Tests (iihs.org)
• How Much are Auto Insurance Rates for Government Employees in Colorado Springs? (FAQ)
• What Auto Insurance is Cheapest for a Dodge Ram in Colorado Springs? (FAQ)
• Think You’re a Safe Driver? (State Farm)
• Auto Crash Statistics (Insurance Information Institute)
• How to shop for a safer car (Insurance Institute for Highway Safety)
• Auto Insurance Learning Center (State Farm)