Cheapest Lincoln MKX Insurance in Buffalo

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It's safe to conclude that car insurance companies want to keep you from comparing rates. Insureds who do rate comparisons will presumably switch insurance companies because there is a significant possibility of finding more affordable rates. A recent study showed that people who make a habit of shopping around saved over $3,400 over four years compared to policyholders who never compared prices.

If finding the cheapest price for auto insurance in Buffalo is your ultimate objective, then understanding the best way to compare insurance premiums can help simplify the task of finding more affordable coverage.

Insurance for Lincoln MKXIt takes a few minutes, but the best way to save money on Lincoln MKX insurance in Buffalo is to regularly compare price quotes from different companies who can sell car insurance in New York. Drivers can shop around by following these steps.

  • Step 1: It will benefit you to learn about the coverage provided by your policy and the things you can control to keep rates in check. Many rating criteria that result in higher prices such as tickets, at-fault accidents, and a substandard credit history can be eliminated by making minor changes in your lifestyle. This article gives the details to help prevent expensive coverage and get bigger discounts that may have been overlooked.
  • Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from one company like GEICO and State Farm, while agents who are independent can give you price quotes from many different companies. Click to view companies
  • Step 3: Compare the quotes to the price on your current policy and determine if cheaper MKX coverage is available. If you find better rates and switch companies, ensure coverage does not lapse between policies.
  • Step 4: Give notification to your current company of your intention to cancel the current policy. Submit the required down payment along with the signed application for your new coverage. Once received, place the new proof of insurance certificate with your vehicle's registration.

A crucial key to this process is that you'll want to compare identical coverage information on each price quote and and to get prices from every company you can. This provides a fair price comparison and a complete selection of prices.

How to lower your Lincoln MKX insurance cost in Buffalo, NY

The companies shown below are our best choices to provide comparison quotes in Buffalo, NY. In order to find cheap car insurance in New York, we recommend you visit two to three different companies to find the most competitive car insurance rates.

Statistics and details

The data table shown next showcases a range of insurance policy prices for Lincoln MKX models. Being aware of how policy rates are calculated can help guide drivers when making smart choices when buying a car insurance policy.

Lincoln MKX Insurance Rates in Buffalo, NY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $176 $398 $300 $18 $90 $982 $82
MKX AWD $198 $398 $300 $18 $90 $1,004 $84
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New York minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in specific garaging location which can affect premium rates significantly.

Physical damage deductibles

A question often asked by Buffalo drivers is where should you set your physical damage deductibles. The comparison tables below may aid in understanding the costs and benefits when you choose different physical damage coverage deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second price grid uses a $500 deductible.

Lincoln MKX insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $228 $484 $264 $16 $80 $1,097 $91
MKX AWD $258 $484 $264 $16 $80 $1,127 $94
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Lincoln MKX insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKX 2WD $166 $328 $264 $16 $80 $854 $71
MKX AWD $188 $328 $264 $16 $80 $876 $73
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Information does not factor in the specific area where the vehicle is garaged which can impact premium rates greatly.

Based on these figures, using a $100 deductible costs approximately $21 more each month or $252 a year than buying the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at least 19 months between claim filings, you would probably save some money if you opt for a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $100 deductibles: $93
Average monthly premium for $500 deductibles (subtract): - $72
Monthly savings from raising deductible: $21
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $21
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

The example below shows how choosing a deductible and can raise or lower Lincoln MKX premium costs for different age categories. The data is based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.

Illustration showing the impact of accidents and violations

The example below illustrates how violations and fender-benders can impact Lincoln MKX auto insurance costs for each different age category. The prices are based on a single male driver, full coverage, $500 deductibles, and no other discounts are factored in.

Do you need full coverage?

The chart below shows the difference between Lincoln MKX annual premium costs with full coverage and liability only. The premium estimates are based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are applied.

Should you pay for full coverage?

There isn't a steadfast formula of when to phase out physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let's assume your Lincoln MKX settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $7,000 after paying your policy deductible. If premiums are more than $700 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some situations where eliminating full coverage is not advised. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not drop full coverage.

You may qualify for discounts for Lincoln MKX insurance in Buffalo

Insurance can be prohibitively expensive, but you might be missing out on some discounts that many consumers don't even know exist. Certain credits will be shown at quote time, but lesser-known reductions have to be asked about before they will apply.Save money with discounts

  • Driver's Ed - Make teen driver coverage more affordable by requiring them to participate in a local driver's education class if offered at their school.
  • ABS Brakes - Cars equipped with ABS or steering control have fewer accidents so companies give up to a 10% discount.
  • Multi-Vehicle Discounts - Drivers who insure more than one vehicle on one policy can reduce the rates for all insured vehicles.
  • Early Payment Discounts - If you can afford to pay the entire bill rather than paying in monthly installments you may have a lower total premium amount.
  • Accident Forgiveness - Not a discount per se, but some companies like Allstate and GEICO will forgive one accident without the usual rate increase so long as you are claim-free prior to the accident.
  • Bundle and Save - If you can bundle your homeowners and auto insurance with one company they may give you a discount of approximately 10% to 15%.
  • Life Insurance - Larger insurance companies have better rates if you take out a life policy as well.
  • Defensive Driver Discounts - Completing a defensive driving class could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Own a Home and Save - Being a homeowner can save you money because owning a home demonstrates responsibility.
  • Air Bags and Passive Restraints - Vehicles with factory air bags or motorized seat belts may earn rate discounts of 25 to 30%.

Discounts save money, but please remember that most credits do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like medical payments or collision. So even though it sounds like you can get free auto insurance, you aren't that lucky.

The illustration below compares Lincoln MKX yearly insurance costs with and without discounts applied to the policy rates. The price estimates are based on a male driver, no claims or violations, New York state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, multi-policy, homeowner, claim-free, and safe-driver discounts applied.

If you would like to view insurance companies with significant discounts in Buffalo, click here to view.

Insuring your Lincoln vehicle just makes sense

Despite the fact that car insurance is not cheap in Buffalo, insuring your vehicle may be mandatory for several reasons.

  • The majority of states have minimum mandated liability insurance limits which means you are required to buy a minimum amount of liability insurance coverage in order to be legal. In New York these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you took out a loan on your vehicle, most banks will have a requirement that you have physical damage coverage to protect their interest in the vehicle. If you default on your policy, the lender may insure your Lincoln for a much higher rate and make you pay for the expensive policy.
  • Insurance protects not only your car but also your financial assets. It will also provide coverage for most medical and hospital costs incurred in an accident. As part of your policy, liability insurance will also pay for a defense attorney if you are sued as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of buying car insurance more than offset the price you pay, particularly if you ever have a claim. The average driver in America is overpaying more than $810 a year so compare rates every year to ensure rates are competitive.

When to talk to an insurance agent

A lot of people just prefer to sit down with an agent and that is OK! Agents can help determine the best coverages and help in the event of a claim. One of the best bonuses of comparing insurance prices online is the fact that drivers can get cheap insurance rates but also keep your business local.

Buffalo insurance agentsAfter filling out this simple form, the quote information is submitted to local insurance agents who will return price quotes to get your business. It's much easier because you don't need to leave your house since price quotes are sent immediately to your email address. If you need to compare prices from one company in particular, just go to their quote page and give them your coverage information.

Picking an provider shouldn't rely on just a cheap quote. Below are some questions you should ask.

  • Can you choose the body shop in case repairs are needed?
  • By raising physical damage deductibles, how much would you save?
  • Where would glass claims be handled in Buffalo?
  • Do they write coverage based solely on cost?
  • Do they regularly work with personal auto policies in Buffalo?

The following is a list of insurance companies in Buffalo that can give you price quote information for Lincoln MKX insurance in Buffalo.

Lou Santiago - State Farm Insurance Agent
557 Niagara St - Buffalo, NY 14201 - (716) 883-5500 - View Map

2333 Elmwood Ave - Buffalo, NY 14217 - (716) 846-1715 - View Map

3411 Delaware Ave # 7 - Buffalo, NY 14217 - (716) 874-1400 - View Map

285 Delaware Ave - Buffalo, NY 14202 - (716) 853-7960 - View Map

More Buffalo agents