Compare Lincoln MKT Insurance Rate Quotes in Anchorage

Insurance quote for Lincoln MKT in AnchorageThe preferred way to find low-cost Lincoln MKT insurance is to do an annual price comparison from different companies who provide car insurance in Anchorage. You can compare prices by following these steps.

One thing to point out is to make sure you enter the same amount of coverage on every quote request and and to get rate quotes from as many companies as feasibly possible. This enables an accurate price comparison and many rates to choose from.

A recent car insurance study discovered that a large majority of drivers have remained with the same car insurance company for more than four years, and just short of a majority have never compared quotes from other companies. Drivers in Alaska could save nearly $370 each year just by shopping around, but they just feel it’s too hard to find cheap car insurance rates.

If you have a policy now or just want a better rate, use these cost-cutting techniques to cut your premiums while maintaining coverages. Locating the best rates in Anchorage can really be easy if you know what you’re doing. Smart buyers only have to learn the tricks to buy auto insurance online.

Cheap Lincoln insurance price quotes in Anchorage

The providers in the list below are ready to provide price quotes in Anchorage, AK. If you want cheaper car insurance in AK, we suggest you compare several of them in order to find the most affordable rates.

Rates and data analysis

The price information shown below outlines detailed analysis of coverage prices for Lincoln MKT models. Having a good understanding how car insurance premiums are formulated can help drivers make smart choices when selecting a policy.

Lincoln MKT Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $140 $258 $322 $20 $96 $836 $70
MKT 3.7 AWD $154 $296 $322 $20 $96 $888 $74
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Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Estimates do not factor in the specific area where the vehicle is garaged which can decrease or increase price quotes substantially.

An analysis of deductible level

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The tables below summarize the rate differences between high and low coverage deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Lincoln MKT insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $264 $418 $308 $18 $92 $1,125 $94
MKT 3.7 AWD $292 $480 $308 $18 $92 $1,215 $101
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Lincoln MKT insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $214 $336 $308 $18 $92 $968 $81
MKT 3.7 AWD $236 $388 $308 $18 $92 $1,042 $87
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Information does not factor in Anchorage location which can alter rates noticeably.

We can estimate from the data above that using a $250 deductible will cost you approximately $14 more each month or $168 each year than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 18 months between claim filings, you would probably be better off if you choose a higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $250 deductibles: $98
Average monthly premium for $500 deductibles (subtract): – $84
Monthly savings from raising deductible: $14
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

Lincoln MKT full coverage rates compared to liability only

The information below compares Lincoln MKT insurance prices with full coverage and liability only. The rates are based on a clean driving record, no claims, $100 deductibles, single marital status, and no other discounts are factored in.

When to drop full coverage

There is no definitive formula of when to exclude full coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Lincoln MKT claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after the deductible is paid. If you are currently paying more than $700 a year for your policy with full coverage, then you might consider buying liability only.

There are some conditions where only buying liability is not in your best interest. If you still owe money on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Car insurance discounts are available to cut your rates

The price of auto insurance can be rather high, but you might already qualify for some discounts to help offset the cost. Certain discounts will be applied at quote time, but lesser-known reductions have to be specially asked for prior to getting the savings.

Keep in mind that most discount credits are not given to your bottom line cost. A few only apply to individual premiums such as liability, collision or medical payments. Just because you may think it’s possible to get free car insurance, it doesn’t quite work that way.

The chart below shows the difference between Lincoln MKT insurance costs with and without discounts. The prices are based on a male driver, a clean driving record, no claims, Alaska state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, multi-car, homeowner, and safe-driver discounts applied.

Auto insurance companies that may have most of these discounts include:

Double check with each company or agent how you can save money. Some of the earlier mentioned discounts might not apply in your state. To see a list of insurance companies offering car insurance discounts in Alaska, click this link.

Compare rate quotes but buy from a neighborhood Anchorage auto insurance agent

Certain consumers still prefer to have an agent’s advice and that is a smart decision Good insurance agents are trained to spot inefficiencies and will help you if you have claims. An additional benefit of comparing rates online is you can get cheap car insurance quotes but also keep your business local. Buying from and supporting small agencies is especially important in Anchorage.

Find insurance agent in AnchorageTo help locate an agent, after submitting this form (opens in new window), your insurance data is emailed to agents in your area that can provide free Anchorage car insurance quotes for your car insurance coverage. It simplifies rate comparisons since you won’t have to contact any agents since price quotes are sent to the email address you provide. If you want to get a comparison quote from a particular provider, you would need to visit that company’s website and complete a quote there.

Types of auto insurance agents in Anchorage

If you need to find a good insurance agency, it’s important to understand the types of insurance agents and how they differ in how they can insure your vehicles. Agents in Anchorage can be classified as either independent or exclusive depending on the company they work for. Both insure your vehicles, but it’s important to point out how they are different since it can affect the kind of agent you use.

Independent Car Insurance Agencies or Brokers

Agents that choose to be independent can sell policies from many different companies so they can quote policies with a variety of different insurance companies and find you cheaper rates. If premiums increase, they can switch companies in-house without you having to go to a different agency.

If you need cheaper car insurance rates, you absolutely need to include rate quotes from several independent insurance agents to get the best comparison.

Featured below is a list of independent agencies in Anchorage who may be able to give you pricing information.

Kent S Kallander Insurance Agency Inc
1317 W Northern Lights Blvd #9Anchorage, AK 99503(907) 563-1492View Map

7125 Old Seward Hwy #203Anchorage, AK 99518(907) 349-2229View Map

2960 C St #200Anchorage, AK 99503(907) 562-6224View Map

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Exclusive Insurance Agents

These type of agents can only provide one company’s prices and examples are Allstate, Farmers Insurance or State Farm. They usually cannot compare other company’s rates so they have to upsell other benefits. These agents are usually well trained on what they offer and that enables them to sell even at higher rates.

Below are Anchorage exclusive agencies who can help you get rate quotes.

540 Karluk StAnchorage, AK 99501(907) 274-2886View Map

805 Gambell StAnchorage, AK 99501(907) 276-2424View Map

1577 C St Ste 102Anchorage, AK 99501(907) 297-2900View Map

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Choosing an car insurance agent is decision based upon more than just a cheap price quote. Here are some questions to ask:

One last thing to lower rates

As you restructure your insurance plan, don’t be tempted to buy lower coverage limits just to save a few bucks. Too many times, an insured cut comprehensive coverage or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy enough coverage at the best cost but still have enough coverage for asset protection.

There are still a few companies who may not provide rate quotes online and these small, regional companies sell through independent agents. Cost effective Lincoln MKT insurance is attainable from both online companies in addition to many Anchorage insurance agents, and you need to comparison shop both in order to have the best chance of saving money.

We just presented a lot of techniques to compare Lincoln MKT insurance auto insurance rates in Anchorage. The key concept to understand is the more rate comparisons you have, the higher your chance of finding the cheapest Lincoln MKT rate quotes. You may even be surprised to find that the biggest savings come from the smaller companies. Smaller companies can often provide lower premium rates in certain areas compared to the large companies like Allstate, GEICO and Progressive.

Additional car insurance information is located at these links: