If you’re looking for lower-cost insurance on the web, are you overwhelmed by the wide range of auto insurance choices in your area? You’re not alone. You have so many choices available that it can easily become a lot of work to find better prices for Lincoln MKZ insurance in Colorado Springs. Colorado Springs is a great city to raise a family in, but trying to pay high auto insurance rates can make it nearly impossible for many drivers to make ends meet.
Steps to finding low-cost rates for Lincoln MKZ insurance in Colorado Springs
If you want to find the absolute lowest rates, then the best way to find discount Lincoln MKZ insurance is to do an annual price comparison from companies who provide car insurance in Colorado Springs. Price quotes can be compared by completing these steps.
Step 1: Learn about how companies price auto insurance and the measures you can take to prevent high rates. Many rating criteria that cause rate increases like distracted driving and poor credit rating can be amended by making minor changes in your lifestyle. Read the full article for additional tips to help prevent costly coverage and get discounts that may be overlooked.
Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agencies can provide prices for many different companies.
Step 3: Compare the quotes to the price on your current policy to determine if switching companies saves money. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Give proper notification to your current agent or company to cancel your current car insurance policy and submit the signed application along with the required initial payment for the new coverage. As soon as you can, put the certificate verifying proof of insurance with the vehicle registration.
The critical component of shopping around is that you use the same physical damage deductibles and liability limits on each quote request and and to get rate quotes from every insurance company. Doing this guarantees an apples-to-apples comparison and many rates to choose from.
A recent survey discovered that the vast majority of consumers have purchased from the same company for over three years, and just under half have never compared quotes from other companies. The average driver in Colorado can save about 35% each year by just shopping around, but they underestimate the amount of money they would save if they changed companies.
Locating the most cost-effective car insurance policy in Colorado Springs is actually quite easy if you know where to start. In essence, each driver who has to buy car insurance should get better rates. Although Colorado car owners need to learn the way companies determine how much to charge because rates fluctuate considerably.
Buy Colorado Springs Lincoln MKZ insurance online
When shopping for Lincoln MKZ insurance in Colorado Springs there are multiple ways of comparing price quotes from local Colorado Springs auto insurance companies. The easiest way to compare Lincoln MKZ insurance prices is to get quotes online.
It’s important to know that obtaining a wide range of quotes will enable you to find the best offered rates.
The companies shown below can provide free rate quotes in Colorado Springs, CO. If multiple companies are listed, we suggest you compare several of them in order to find the cheapest rates.
Insurance is not optional but you don’t have to overpay
Even though it’s not necessarily cheap to insure a Lincoln in Colorado Springs, insuring your vehicle serves an important purpose.
- Almost all states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability 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.
- If you have a loan on your MKZ, almost every bank will make it mandatory that you buy insurance to guarantee loan repayment. If you do not pay your insurance premiums, the bank may buy a policy for your Lincoln at a more expensive rate and force you to pay for the expensive policy.
- Insurance protects both your assets and your Lincoln MKZ. It will also cover all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your car is damaged in a storm or accident, your insurance policy will cover the repair costs.
The benefits of carrying adequate insurance more than offset the price you pay, especially for larger claims. As of last year, the average driver in Colorado is overpaying more than $855 a year so you should quote and compare rates at every policy renewal to ensure rates are inline.
Detailed insurance information
The rate table shown below outlines detailed analysis of insurance premium costs for Lincoln MKZ models. Having a better idea how insurance rates are formulated can help customers make informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKZ 4-Dr Sedan | $190 | $390 | $396 | $24 | $118 | $1,118 | $93 |
| MKZ AWD 4-Dr Sedan | $190 | $390 | $396 | $24 | $118 | $1,118 | $93 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Information does not factor in specific location information which can revise coverage prices considerably.
How high should deductibles be?
When shopping for insurance, a common question is what deductibles to buy. The rates shown below can help illustrate the premium difference of buying low and high physical damage deductibles. The first pricing table uses a $250 physical damage deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKZ 4-Dr Sedan | $306 | $620 | $396 | $24 | $118 | $1,489 | $124 |
| MKZ AWD 4-Dr Sedan | $306 | $620 | $396 | $24 | $118 | $1,489 | $124 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MKZ 4-Dr Sedan | $190 | $390 | $396 | $24 | $118 | $1,118 | $93 |
| MKZ AWD 4-Dr Sedan | $190 | $390 | $396 | $24 | $118 | $1,118 | $93 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rates do not factor in specific Colorado Springs garaging location which can raise or lower auto insurance rates greatly.
Based on these figures, using a $250 deductible will cost you approximately $31 more each month or $372 for a full year across all Lincoln MKZ models than requesting the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 24 months between claim filings, you would save money if you elect the higher deductible.
The chart below shows how choosing a deductible and can change Lincoln MKZ annual premium costs for each different age category. The premium estimates are based on a single male driver, full physical damage coverage, and no other discounts are factored in.
Cost difference between full coverage and liability
The diagram below shows the comparison of Lincoln MKZ auto insurance rates when comparing full coverage to liability only. The data assumes no driving violations, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are taken into consideration.
When to drop full coverage
There isn’t a written rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s assume your Lincoln MKZ replacement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after you pay the deductible. If it’s costing in excess of $300 a year to have full coverage, then it might be time to consider dropping full coverage.
There are some circumstances where buying only liability insurance is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not buy liability only.
Lincoln MKZ insurance discounts in Colorado Springs
Buying car insurance is not cheap, but there could be available discounts that many people don’t even know exist. Most are applied when you quote, but some discounts are required to be specially asked for prior to receiving the credit.
- Clubs and Organizations – Having an affiliation with a professional or civic organization could qualify you for a break when getting a Colorado Springs car insurance quote.
- Federal Employees – Being employed by or retired from a federal job may reduce rates when you quote Colorado Springs car insurance depending on your company.
- Multi-car Discount – Purchasing coverage when you have more than one vehicle with the same company can get a discount on all vehicles.
- Discount for Low Mileage – Maintaining low annual mileage may allow you to get lower prices on the low mileage vehicles.
- Life Insurance – Some insurance carriers give a discounted price on car insurance if you buy life insurance.
- Defensive Driver Discount – Successfully completing a driver safety course could cut 5% off your bill if you qualify.
You can save money using discounts, but some credits don’t apply to the whole policy. Most only cut the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears you could get a free car insurance policy, it just doesn’t work that way.
The chart below compares Lincoln MKZ yearly insurance costs with and without discounts applied to the policy rates. The rates are based on a female driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, multi-policy, safe-driver, and claim-free discounts applied.
Popular car insurance companies and their offered discounts are shown below.
- Progressive may offer discounts for continuous coverage, multi-vehicle, good student, online signing, and online quote discount.
- The Hartford may include discounts for vehicle fuel type, bundle, anti-theft, air bag, good student, and defensive driver.
- Mercury Insurance policyholders can earn discounts including multi-policy, ease of repair, professional/association, good driver, anti-theft, and age of vehicle.
- GEICO has savings for emergency military deployment, anti-lock brakes, multi-vehicle, daytime running lights, air bags, and driver training.
- AAA may have discounts that include pay-in-full, good driver, education and occupation, good student, AAA membership discount, multi-policy, and anti-theft.
- State Farm offers premium reductions for Steer Clear safe driver discount, good student, multiple policy, student away at school, and safe vehicle.
It’s a good idea to ask every prospective company which credits you are entitled to. Savings may not be available in your state. If you would like to choose from a list of insurers who offer free Lincoln MKZ insurance quotes in Colorado, click this link.
What if I want to buy from local Colorado Springs insurance agents?
Some people would prefer to buy from a local agent and doing that can be a smart decision A nice benefit of comparing rate quotes online is that drivers can save money and get better rates and still have a local agent.
To help locate an agent, after submitting this short form, your coverage information is sent to participating agents in Colorado Springs that provide free Colorado Springs car insurance quotes for your insurance coverage. It’s much easier because you don’t need to even leave your home because prices are sent straight to your inbox. You can find lower rates without the usual hassles of price shopping. If for some reason you want to get a comparison quote from a specific insurance company, you just need to visit that company’s website and fill out their quote form.
Choosing the best provider should include more criteria than just a cheap price quote. Ask your prospective agent these questions:
- Are there any discounts for paying up front?
- Will the quote change when the policy is issued?
- Is every driver in your family covered?
- How long has the business existed?
- Does the company allow you to choose your own collision repair facility?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Do they make recommendations based only on price?
- Will their companies depreciate repairs to your car based on the mileage?
If you want to buy insurance from a local insurance agency, you must know there are a couple types of agencies and how they differ in how they can insure your vehicles. Colorado Springs agents are categorized either independent (non-exclusive) or exclusive.
Exclusive Insurance Agencies
These agents can usually just insure with one company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agents are unable to compare rates from other companies so it’s a take it or leave it situation. Exclusive insurance agents are well schooled on the products they sell which helps them sell on service rather than price. Some people will only purchase coverage from exclusives partially due to the prominent brand name and the convenience of having all coverages with one company.
Below are exclusive insurance agencies in Colorado Springs who may provide you with price quote information.
- Bob Scofield – State Farm Insurance Agent
1923 W Colorado Ave – Colorado Springs, CO 80904 – (719) 578-1111 – View Map - Aileen Baldwin – State Farm Insurance Agent
540 W Garden of the Gods Rd – Colorado Springs, CO 80907 – (719) 599-9044 – View Map - Farmers Insurance – Mark Olsen
1870 Dublin Blvd e – Colorado Springs, CO 80918 – (719) 593-9916 – View Map
View more Colorado Springs agents
Independent Agents
Independent agencies are not employed by any specific company so they have the ability to put coverage with a variety of different insurance companies and get you the best rates possible. If your premiums go up, your agent can switch companies and you don’t have to do anything.
When comparing rates, we recommend you get quotes from a few independent agents to ensure the widest selection of prices. A lot of them also have access to lesser-known insurance companies which can be an advantage.
Below are independent insurance agencies in Colorado Springs who can help you get price quotes.
- Pikes Peak Insurance Agency
2306 N Powers Blvd #120 – Colorado Springs, CO 80915 – (719) 591-4500 – View Map - Nationwide Insurance: Jeffrey Lloyd Sudermann Agency
6455 N Union Blvd #104 – Colorado Springs, CO 80918 – (303) 974-7676 – View Map - Insurance Stops
2105 E Bijou St A – Colorado Springs, CO 80909 – (719) 636-3369 – View Map
View more Colorado Springs agents
If you feel you receive good responses to your questions and locked in a price quote, you’ve probably found an insurance agency that is professional and can insure your vehicles. But remember, you can always cancel your policy whenever you want so don’t assume you’re contractually obligated to your new company with no way out.
Cover all your bases
A few companies don’t offer the ability to get quotes online and most of the time these small insurance companies prefer to sell through independent agencies. Lower-priced Lincoln MKZ insurance in Colorado Springs can be sourced both online and with local Colorado Springs insurance agents, so you should be comparing quotes from both to get a complete price analysis.
Drivers switch companies for a variety of reasons including not issuing a premium refund, an unsatisfactory settlement offer, policy non-renewal and even denial of a claim. Regardless of your reason for switching companies, choosing a new insurance company is pretty easy and you might even save some money in the process.
We covered a lot of information how to get a better price on Lincoln MKZ insurance in Colorado Springs. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. You may even discover the lowest premium rates come from some of the lesser-known companies.
How to buy discount Lincoln MKZ insurance in Colorado Springs
The most effective way to get the cheapest car insurance rates is to compare quotes once a year from insurers in Colorado Springs.
- Step 1: Spend some time learning about how auto insurance works and the measures you can control to prevent expensive coverage. Many risk factors that drive up the price such as speeding tickets, accidents and a bad credit score can be eliminated by making minor changes in your lifestyle.
- Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive and State Farm, while agents who are independent can give you price quotes for many different companies. View companies
- Step 3: Compare the new rate quotes to your current policy to see if a cheaper price is available. If you can save money and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
The key aspect of shopping around is to make sure you’re comparing the same liability limits and deductibles on every quote and and to look at as many different companies as possible. Doing this helps ensure an apples-to-apples comparison and a thorough price selection.
Other articles
- Help Your Teen Be a Better Driver (State Farm)
- How Much are Colorado Springs Car Insurance Quotes for Immigrants? (FAQ)
- Who Has Affordable Colorado Springs Auto Insurance Quotes for a Honda Civic? (FAQ)
- Who Has Cheap Auto Insurance Quotes for High School Students in Colorado Springs? (FAQ)
- What Insurance is Cheapest for a Nissan Rogue in Colorado Springs? (FAQ)
- Who Has Affordable Colorado Springs Auto Insurance Rates for Single Moms? (FAQ)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Alcohol Impaired Driving FAQ (iihs.org)
- Tools for Teen Driving Safety (State Farm)