How to Save on Lincoln MKX Insurance in Nashville

If you want to find the absolute lowest rates, then the best way to find low-cost Lincoln MKX insurance is to start comparing rates regularly from companies that sell auto insurance in Nashville.

• First, get an understanding of policy coverages and the measures you can control to drop your rates. Many factors that cause rate increases such as getting speeding tickets and a substandard credit history can be eliminated by making minor driving habit or lifestyle changes.
• Second, request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive or Allstate, while independent agencies can provide rate quotes for many different companies.
• Third, compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available in Nashville. If you find a lower rate and switch companies, make sure there is no coverage gap between policies.

A valuable tip to remember is that you’ll want to make sure you compare similar limits and deductibles on each quote request and and to get rates from as many different companies as possible. Doing this guarantees an apples-to-apples comparison and the best price selection.

It’s an obvious conclusion that car insurance companies want to keep your business as long as possible. Insureds who compare price quotes are likely to switch companies because there is a high probability of finding better rates. A recent survey discovered that people who compared rate quotes regularly saved an average of $860 a year compared to those who never shopped around for cheaper prices.

If finding discount rates on Lincoln MKX insurance in Nashville is the reason you’re reading this, then having a good understanding the best ways to find and compare cheaper coverage can help you succeed in saving money.

The easiest way to compare policy rates for Lincoln MKX insurance in Nashville is to realize auto insurance companies provide online access to compare rate quotes. The only thing you need to do is give them some information such as how many miles driven, if you have a valid license, how much school you completed, and what you do for a living. The data is instantly submitted to multiple auto insurance providers and you will receive price estimates very quickly.

To compare multiple company affordable Lincoln MKX insurance rates now, click here and enter your zip code.

The companies shown below have been selected to offer price comparisons in Nashville, TN. If multiple companies are listed, it’s a good idea that you get prices from several of them to get the cheapest price.

Insurance is not optional but you don’t have to overpay

Even though Nashville MKX insurance rates can get expensive, insurance is most likely required but also gives you several important benefits.

• Almost all states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability in order to be legal. In Tennessee 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 took out a loan on your Lincoln MKX, almost every bank will have a requirement that you buy full coverage to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the bank may insure your Lincoln at a more expensive rate and force you to reimburse them much more than you were paying before.
• Insurance protects both your assets and your Lincoln MKX. It will also pay for medical expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay attorney fees if anyone sues you for causing an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of having insurance more than cancel out the cost, particularly for liability claims. Today the average American driver is overpaying more than $750 every year so you should quote and compare rates at every renewal to make sure the price is not too high.

Rates and other information

The premium table displayed next covers estimates of rate quotes for Lincoln MKX models. Being aware of how insurance quotes are formulated is important to be able to make decisions on the best policy to buy.

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Information does not factor in specific garaging location which can revise prices substantially.

Can higher deductibles save money?

One of the hardest decisions when shopping for car insurance is how high should the deductibles for physical damage be. The data tables below show the differences in premium rates when you choose different policy deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Premium costs do not factor in specific garaging location which can lower or raise coverage rates significantly.

Based on these figures, using a $250 deductible could cost the average driver approximately $24 more each month or $288 for a full year across all Lincoln MKX models than opting for the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 31 months between claim filings, you would probably save some money if you choose the higher deductible.

Safe drivers Nashville pay cheaper rates

The diagram below demonstrates how traffic citations and at-fault fender-benders influence Lincoln MKX yearly insurance costs for different insured age categories. The premium estimates are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are factored in.

Does it make sense to buy full coverage?

The diagram below compares Lincoln MKX premium costs with liability coverage only compared to full coverage. The prices are based on no accidents, no driving violations, $500 deductibles, single marital status, and no discounts are applied to the premium.

When to buy liability coverage only

There is no exact formula of when to phase out physical damage insurance, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

For example, let’s pretend your Lincoln MKX settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $4,000 after paying your deductible. If you are paying more than $400 annually for full coverage, then it might be time to buy liability only.

There are a few situations where dropping physical damage coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not opt for liability only.

Companies offer many discounts on Lincoln MKX insurance in Nashville

Properly insuring your vehicles can get expensive, but there’s a good chance there are discounts that can help lower your rates. A few discounts will be applied at the time you complete a quote, but lesser-known reductions have to be manually applied before being credited. If you check and find you aren’t receiving every discount possible, you could be paying more than you need to.

• E-sign Discounts – Certain companies will discount your bill up to fifty bucks for completing your application on the web.
• Senior Citizen Discount – Seniors can get a discount up to 10%.
• Defensive Driver – Taking time to complete a safe driver course could cut 5% off your bill depending on where you live.
• Own a Home – Owning a home in Nashville can earn you a little savings since home ownership means you have a higher level of financial diligence.
• Accident Free – Nashville drivers who stay claim-free pay less when compared with drivers who are more careless.
• Discounts for Government Workers – Federal government employees can save as much as 8% depending on your company.

Just know that most discounts do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates you can get free auto insurance, you won’t be that lucky.

The example below compares Lincoln MKX annual premium costs with and without discounts applied to the policy rates. The data assumes a male driver, no driving violations, no at-fault accidents, Tennessee state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-car, multi-policy, homeowner, and marriage discounts applied.

If you would like to see a list of companies that offer many of these discounts in Tennessee, click this link.

Local neighborhood insurance agents

Many drivers prefer to buy from a local agent and we recommend doing that Most agents can point out coverage gaps and help you file claims. A nice benefit of getting free rate quotes online is you may find the best rates and still buy from a local agent. And buying from neighborhood insurance agencies is important especially in Nashville.

To help locate an agent, after submitting this form (opens in new window), your coverage information is submitted to local insurance agents in Nashville that give free quotes for your coverage. It makes it easy because there is no need to contact any insurance agencies as quotes are delivered immediately to you. If for some reason you want to compare rates from a specific insurance company, feel free to navigate to their website and fill out their quote form.

Selecting an provider requires you to look at more than just a low price. Ask your prospective agent these questions:

• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Is the agent CPCU or CIC certified?
• Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
• Where are claims handled?
• Are aftermarket or OEM parts used to repair vehicles?

When do I need an agent’s advice?

Always keep in mind that when comparing coverage online or from an agent, there really is not a best way to insure your cars. Everyone’s needs are different so your insurance should reflect that
Here are some questions about coverages that can help discover if your situation would benefit from professional advice.

• Is water damage covered by my policy?
• Why does it cost so much to insure a teen driver in Nashville?
• Can I still get insurance after a DUI?
• Is other people’s property covered if stolen from my vehicle?
• Why do I need rental car insurance?
• Should I file a claim if it’s only slightly more than my deductible?
• Is my Lincoln MKX covered if I use it for business?
• I have good health insurance, so how much medical payments coverage do I need?
• Do I have ACV or replacement cost coverage?
• Should I have combined single limit or split liability limits?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Best car insurance company in Tennessee

Selecting a highly-rated insurance company is hard considering how many companies there are in Nashville. The rank data in the next section may help you analyze which car insurance providers to look at when comparing rate quotes.

Top 10 Nashville Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Mercury Insurance – 89%
5. Nationwide – 89%
6. Travelers – 88%
7. Progressive – 88%
8. Safeco Insurance – 88%
9. State Farm – 88%
10. Allstate – 88%

Auto insurance specifics

Understanding the coverages of your policy helps when choosing appropriate coverage for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverage types found on the average auto insurance policy.

Coverage for uninsured or underinsured drivers

This coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits (25/50/15 in Tennessee), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time these coverages are set the same as your liability limits.

Coverage for medical expenses

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for funeral costs, rehabilitation expenses, pain medications and dental work. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Coverage for liability

This coverage can cover damage that occurs to other people or property that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/15 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $15,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like repair costs for stationary objects, loss of income, pain and suffering and attorney fees. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford. Tennessee requires drivers to carry at least 25/50/15 but you should think about purchasing more coverage.

The chart below shows why buying low liability limits may not be adequate.

Comprehensive auto insurance

This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like vandalism, falling objects and damage from flooding. The most your auto insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for collisions

Collision coverage will pay to fix damage to your MKX from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as hitting a parking meter, sideswiping another vehicle and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible on your MKX to save money on collision insurance.

You can find cheaper coverage

We just covered a lot of techniques to find cheaper Lincoln MKX insurance in Nashville. The most important thing to understand is the more companies you get auto insurance rates for, the better likelihood of getting inexpensive Nashville car insurance quotes. Drivers may even discover the lowest priced car insurance comes from a smaller regional carrier. Some small companies may often insure only within specific states and give better rates compared to the large companies like State Farm, GEICO and Nationwide.

While you’re price shopping online, it’s very important that you do not buy poor coverage just to save money. In too many instances, an accident victim reduced collision coverage only to discover later that the few dollars in savings costed them thousands. The goal is to find the BEST coverage at an affordable rate while still protecting your assets.

Helpful articles

• Rollover Crash FAQ (iihs.org)
• Who Has Cheap Auto Insurance Rates for a Toyota Highlander in Nashville? (FAQ)
• Who Has Affordable Nashville Car Insurance Quotes for Real Estate Agents? (FAQ)
• Safety Features for Your New Car (State Farm)
• Auto Insurance Facts and Statistics (Insurance Information Institute)
• Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)