Insurance rates Lincoln MKZ in IndianapolisIf price shopping Indianapolis auto insurance quotes online is new to you, it's easy to be bewildered by the sheer number local agents and online companies who all claim to have the lowest rates for Lincoln MKZ insurance in Indianapolis.

Remarkably, a study showed that almost 70% of insureds kept their policy with the same company for more than four years, and virtually 40% of consumers have never quoted insurance rates at all. Indiana drivers could save themselves up to $700 a year, but most just don't grasp the amount of money they would save if they moved their coverage to a different company.

Affordable companies for Lincoln MKZ insurance

The providers in the list below have been selected to offer price quotes in Indianapolis, IN. If more than one company is shown, we recommend you get rate quotes from several of them to find the lowest car insurance rates.

Lincoln MKZ Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $222 $456 $326 $20 $98 $1,122 $94
MKZ AWD 4-Dr Sedan $146 $352 $412 $24 $124 $1,058 $88
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price information does not factor in specific Indianapolis garaging location which can decrease or increase auto insurance rates substantially.

Physical damage deductibles

The chart below highlights how deductible selection and can influence Lincoln MKZ insurance premiums for each age group. The price estimates are based on a single male driver, full coverage, and no discounts are applied to the premium.

How careless driving impacts car insurance rates

The chart below highlights how traffic violations and accidents raise Lincoln MKZ car insurance costs for each age group. The rates are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.

Policy deductible comparison

One of the most common car insurance questions is which comprehensive and collision deductibles to buy. The rates below may help you to understand how much more rates are when you select higher and lower coverage deductibles. The first rate comparisons uses a $100 deductible for physical damage and the second rate chart uses a $1,000 deductible.

Lincoln MKZ insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $272 $592 $318 $18 $94 $1,319 $110
MKZ AWD 4-Dr Sedan $272 $592 $318 $18 $94 $1,319 $110
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Lincoln MKZ insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $152 $312 $318 $18 $94 $894 $75
MKZ AWD 4-Dr Sedan $152 $312 $318 $18 $94 $894 $75
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in garaging location in Indianapolis which can impact insurance rates significantly.

Using the premium rates above, we can conclude that using a $100 deductible costs roughly $35 more each month or $420 every year than opting for the higher $1,000 deductible. Because you 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 at least 26 months between claim filings, you would probably be better off by selecting a higher deductible.

How to calculate if higher deductibles make sense

Average monthly premium for $100 deductibles: $110
Average monthly premium for $1,000 deductibles (subtract): - $75
Monthly savings from raising deductible: $35
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

Discounts for lower-cost auto insurance rates

Car insurance companies don't list every possible discount very well, so the below list has some of the best known in addition to some of the lesser obvious credits that you can use to lower your rates. If you're not getting every credit possible, you could be saving more on your auto insurance.Cheaper auto insurance with discounts

It's important to note that many deductions do not apply to the entire cost. Most only apply to the cost of specific coverages such as comp or med pay. So when the math indicates all the discounts add up to a free policy, insurance companies wouldn't stay in business.

Popular auto insurance companies and some of the discounts are detailed below.

Before buying, ask each company or agent which discounts you may be entitled to. Savings might not be offered in Indianapolis. If you would like to view insurance companies offering auto insurance discounts in Indiana, click this link.

Find Lower-cost Insurance with These Tips

When buying insurance it's important to understand the factors that help determine your policy premiums. When consumers understand what impacts premium levels, this empowers consumers to make smart changes that may reward you with lower premium levels.

More traffic means higher claims - Residing in less populated areas of the country may provide you with better prices when trying to find low car insurance rates. Residents of big cities tend to have more traffic problems and longer commute times. Less people translates into fewer accident claims in addition to fewer liability claims.

Drive a fast car, truck or SUV and pay more - The type of car, truck or SUV you need insurance for makes a significant difference in your car insurance bill. Due to the fact that the Lincoln MKZ falls in the luxury sedan class, insuring your vehicle will cost more as compared to the average rate in Indianapolis. The lowest performance passenger models usually have the lowest premiums, but that's not the only thing that factors into the final price.

Marriage is a bonus - Having a spouse may earn you lower rates on your insurance bill. Marriage generally demonstrates drivers are more mature than a single person and it's proven that married couples file fewer claims.

Save by driving safer vehicles - Cars with high safety ratings cost less to insure. Highly rated vehicles reduce the chance of injuries and any reduction in injury severity translates into savings for insurance companies passed on to you as lower rates. If your Lincoln MKZ is rated at a minimum an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.

Consolidate policies and save money - Most larger insurers will give lower prices to policyholders that buy multiple policies. It's known as a multi-policy discount. Even though this discount sounds good, it's still a good idea to check prices from other companies to help ensure you have the lowest rates.

Vocation reflects on rates - Did you know your occupation can influence how much you pay for insurance? Jobs such as military generals, airline pilots, and financial analysts generally pay higher rates than the rest of us due to intense work-related stress and incredibly demanding work hours. On the flip side, occupations such as professors, historians and retirees receive lower rates.

Lincoln MKZ statistical loss data - Insurance companies analyze past claim statistics to calculate a price that will offset losses. Vehicles that tend to have higher number or severity of losses will have higher rates. The table below outlines the historical insurance loss data for Lincoln MKZ vehicles.

For each insurance policy coverage type, the claim probability for all vehicles averaged together is considered to be 100. Values under 100 mean the vehicle has better than average losses, while numbers that are greater than 100 point to more frequent losses or tendency to have larger claims.

Lincoln MKZ Insurance Claim Statistics

Make and 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

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

Will just any policy work for me?

When quoting and choosing coverage online or from an agent, there isn't really a single plan that fits everyone. You are unique.Drive safe and save

Here are some questions about coverages that might help in determining whether or not you would benefit from professional advice.

If it's difficult to answer those questions but one or more may apply to you, you might consider talking to an agent. To find lower rates from a local agent, complete this form.

You may require the services of an insurance agency

Some consumers would rather go talk to an agent and doing that can be a smart decision One of the great benefits of comparing insurance online is the fact that drivers can get cheap insurance quotes but also keep your business local. And buying from local agents is important especially in Indianapolis.

Indianapolis insurance agentsTo find an agent, once you fill out this form (opens in new window), the quote information is emailed to agents in your area that can provide free Indianapolis auto insurance quotes for your coverage. It simplifies rate comparisons since you won't have to contact any insurance agencies since price quotes are sent straight to your inbox. You can find the lowest rates AND a local agent. If you want to get a price quote from a specific insurance company, you just need to navigate to their website and complete a quote there.

If you want to buy insurance from a local Indianapolis insurance agency, you need to know there are two types of agencies and how they can write your policy. Agents are classified as either independent (non-exclusive) or exclusive.

Independent Agents (or Brokers)

Agents that elect to be independent do not have single company limitations and that enables them to quote your coverage with a variety of different insurance companies and potentially find a lower price. If they find a cheaper price, the business is moved internally which makes it simple for you.

When comparing insurance prices, we recommend you check rates from a few independent agents for maximum quote selection. Most have the option of insuring with lesser-known insurance companies who may have lower rates.

Shown below are independent agents in Indianapolis that may be able to provide price quote information.

View more Indianapolis agents

Exclusive Agents

These type of agents can only place business with one company and some examples include Farmers Insurance, American Family, State Farm and Allstate. Exclusive agencies are unable to shop your coverage around so always compare other rates. Exclusive insurance agents are well schooled on their company's products and that allows them to sell at a higher price point. Many people buy insurance from these agents mainly due to the prominence of the brand rather than having the cheapest rates.

Listed below is a short list of exclusive insurance agencies in Indianapolis that can give you comparison quotes.

View more Indianapolis agents

Deciding on an insurance agency should depend on more than just the premium amount. Here are some questions to ask:

Upon getting good responses to any questions you have and low cost Lincoln MKZ insurance quotes, most likely you have located an insurance agency that is professional and can provide insurance coverage. Just be aware that you can cancel a policy whenever you choose to so don't think that you are permanently stuck with any specific company for any length of time.

Car insurance savings summarized

We just showed you a lot of tips how to get a better price on Lincoln MKZ insurance in Indianapolis. The most important thing to understand is the more price quotes you have, the higher your chance of finding low cost Indianapolis auto insurance quotes. Consumers may even find the best auto insurance rates are with the smaller companies.

Drivers change insurance companies for a number of reasons such as denial of a claim, poor customer service, policy cancellation or delays in paying claims. Regardless of your reason, choosing a new insurance company can be less work than you think.

As you shop your coverage around, make sure you don't buy lower coverage limits just to save a few bucks. There are too many instances where an insured cut physical damage coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to get the best coverage possible at a price you can afford while not skimping on critical coverages.

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