When shopping for lower-cost insurance, are you confused by the dozens of auto insurance companies that you can choose from? People have such a vast assortment of companies available that it can quickly become more work than you anticipated to compare rates on Lincoln MKX insurance. If you live there, you know that Columbia is an excellent city in which to live, but inflated auto insurance prices can make it very difficult to pay other bills every month.
Amazingly, a recent NerdWallet.com study showed that most drivers have stayed with the same insurance company for at least the last four years, and 38% of drivers have never compared quotes from other companies. Columbia drivers could cut their rates by up to $700 a year by just comparing quotes, but they just don't want to compare rates.
If you have insurance now, you should be able to lower your rates using the concepts covered in this article. Finding the lowest-priced auto insurance policy in Columbia is not as hard as you may think. But South Carolina vehicle owners must understand how the larger insurance companies market insurance on the web because it can help you find the best coverage.
Eight Tips to Get Lower-cost Columbia Insurance Rates
Multiple criteria are part of the calculation when quoting car insurance. Some factors are common sense such as your driving record, but some are more transparent such as whether you are married or your financial responsibility. Smart consumers have a good feel for some of the factors that come into play when calculating the price you pay for insurance. When you know what positively or negatively controls the rates you pay, this allows you to make good choices that will entitle you to cheaper rates.
The items below are some of the items that factor into your prices.
Male costs may be higher - Over time, data shows that females take fewer risks when driving. Now that doesn't mean women are better drivers. Females and males have accidents at a similar rate, but the males have costlier accidents. Not only that, but men also get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly.
Insurance rates and your job - Careers like military personnel, airline pilots, and stock brokers generally pay the highest rates attributed to high stress and incredibly demanding work hours. Other occupations such as farmers, historians and homemakers have lower than average premiums.
Youthful drivers cost more - Older drivers are proven to be safer behind the wheel, cause fewer claims and accidents, and get fewer tickets.Drivers with little experience are statistically proven to be less responsible when behind the wheel therefore insurance rates are much higher.
Pay more of a claim out-of-pocket - Deductibles for physical damage define how much you are willing to pay before your insurance pays a claim. Protection for physical damage, also called 'full coverage', protects your car from damage. Examples of some claims that would be covered could be a windshield broken by a bird, fire damage, and having a roll-over accident. The more you're willing to pay, the lower your rates will be.
Pay more for higher performance vehicles - The performance level of the vehicle you are insuring makes a big difference in your auto insurance rates. Due to the fact that the Lincoln MKX is a luxury crossover, insuring your vehicle will cost substantially more when compared to the average rates in Columbia. Lower performance four cylinder passenger vehicles usually are quite affordable to insure, but the final cost of insurance is determined by many other factors.
Extra policy coverages that aren't used - Insurance companies have many optional add-on coverages that you can buy if you aren't careful. Coverage for things like roadside assistance, death and dismemberment, and additional equipment coverage may be wasting your money. These may sound like a good investment when you first buy your policy, but if you have no use for them get rid of them and save.
Too many insurance claims and you'll pay more - Car insurance companies in South Carolina provide lower rates to policyholders who are not frequent claim filers. If you are the type of insured that files lots of claims you can definitely plan on either higher rates or even cancellation. Your insurance policy is intended for claims that you cannot pay yourself.
Car plus home equals more savings - Some insurance companies allow better rates to customers who have multiple policies with them in the form of a multi-policy discount. Discounts can be as much as ten percent or more Even with this discount applied, it's still a good idea to comparison shop to help guarantee you have the best rates.
Claims statistics for a Lincoln MKX - Auto insurance companies include the past claim history for a vehicle to calculate a rate that will offset losses. Vehicles that tend to have higher claim amounts or frequency will have higher rates.
The table below demonstrates the loss history for Lincoln MKX vehicles. For each type of coverage, the claim probability for all vehicles averaged together is considered to be 100. Percentage numbers below 100 imply a favorable loss record, while numbers above 100 indicate higher probability of having a loss or a tendency for claims to be larger.
Insurance Loss Ratings for Lincoln MKX Vehicles
|Specific Lincoln Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Lincoln MKX 4dr 2WD||77||80||67||66||81||78|
|Lincoln MKX 4dr 4WD||86||91||92||76||79||87|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When comparison shopping, comparing all the rates in your area will improve the odds of getting lower pricing. Not every company allows you to get rate quotes online, so you should also compare price quotes from them as well.
The following companies can provide free rate quotes in Columbia, SC. If multiple companies are listed, it's highly recommended you compare several of them in order to find the lowest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Prices do not factor in specific location information which can decrease or increase coverage prices substantially.
Violations and accidents raise rates
The chart below demonstrates how traffic citations and at-fault claims can increase Lincoln MKX annual premium costs for each different age category. The data is based on a single male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
Buying the right MKX insurance in South Carolina is an important decision
Despite the fact that insurance is not cheap in Columbia, paying for insurance serves an important purpose.
- Almost all states have minimum mandated liability insurance limits which means state laws require specific limits of liability in order to drive the car. In South Carolina these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a lienholder, it's guaranteed your bank will have a requirement that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender will be forced to insure your Lincoln for a much higher rate and require you to fork over for the much more expensive policy.
- Insurance protects not only your car but also your assets. It will also cover medical transport and hospital expenses for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance will also pay for a defense attorney if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance outweigh the cost, especially when you need to use it. As of last year, the average driver in South Carolina is wasting up to $855 a year so we recommend shopping around once a year at a minimum to ensure rates are inline.
Earn discounts on Columbia auto insurance
Buying auto insurance is not cheap, but there could be available discounts to help offset the cost. Most are applied when you quote, but some may not be applied and must be specifically requested before you will receive the discount. If they aren't giving you every credit available, you are not getting the best rate possible.
- Mature Driver Discount - Drivers over the age of 55 could receive a small decrease in premiums.
- Low Mileage Discounts - Low mileage vehicles could be rewarded with lower prices due to less chance of an accident.
- Seat Belts Save - Drivers who require all occupants to fasten their seat belts may be able to save a few bucks off the personal injury premium cost.
- Accident Waiver - Not really a discount, but companies like Allstate and Progressive will allow you to have one accident without raising rates if you have no claims for a particular time prior to the accident.
- Distant Student Discount - Older children living away from Columbia attending college and leave their car at home may be insured at a cheaper rate.
Discounts save money, but please remember that most of the big mark downs will not be given to your bottom line cost. A few only apply to specific coverage prices like liability and collision coverage. So when it seems like you could get a free auto insurance policy, insurance companies wouldn't stay in business.
Some of the insurance companies who may offer many of the previously listed discounts include:
If you need lower rates, check with each company what discounts are available to you. Some credits might not be available to policyholders in Columbia. If you would like to view insurers who offer cheap Lincoln MKX insurance quotes in Columbia, click this link.
Car insurance agents can help
Some consumers still like to get advice from a local agent and we recommend doing that The best thing about comparing insurance prices online is that you can find cheap car insurance quotes and still choose a local agent. And providing support for local agents is definitely important in Columbia.
After filling out this short form, your coverage information gets sent to local insurance agents who will give you quotes for your business. You don't have to visit any agencies since rate quotes are delivered to you instantly. Get lower rates without requiring a lot of work. If you wish to get a price quote from a specific car insurance provider, feel free to go to their quote page and give them your coverage information.
Not all auto insurance agents are the same
If you are wanting to find a reputable agency, it helps to know the two different agency structures and how they are distinctly different. Agencies in Columbia are categorized either independent agents or exclusive agents.
Agents in the independent channel are not required to write business for one company and that enables them to quote your coverage with any number of different companies and get the cheapest rates. To move your coverage to a new company, they can switch companies in-house and you don't have to find a new agent. If you are comparing car insurance prices, you will definitely want to get quotes from at least one independent agent in order to compare the most rates. They also have the ability to place coverage with smaller companies which can be an advantage.
Featured below is a list of independent insurance agents in Columbia who may be able to give you rate quotes.
- Turbeville Insurance Agency
2718 Middleburg Dr - Columbia, SC 29204 - (803) 779-7666 - View Map
- Giles Insurance Agency
2442 Devine St - Columbia, SC 29205 - (803) 728-3318 - View Map
- Theodore and Associates
1700 Laurel St - Columbia, SC 29201 - (803) 799-9979 - View Map
Agents of this type write business for a single company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. These agents are unable to place coverage with different providers so they have no alternatives for high prices. They are highly trained on their company's products and that can be a competitive advantage. Some people will only buy from the same agent for years partially due to the prominent brand name and the convenience of having a single billing for all their coverages.
Listed below are Columbia exclusive agents that can give you rate quotes.
- Shannon Rikard - State Farm Insurance Agent
384 St Andrews Rd - Columbia, SC 29210 - (803) 391-3777 - View Map
- Allstate Insurance: Eric Loebs
6911 N Trenholm Rd #3 - Columbia, SC 29206 - (803) 782-5445 - View Map
- Marion Hanna - State Farm Insurance Agent
1700 Decker Blvd d - Columbia, SC 29206 - (803) 782-1104 - View Map
Finding the right auto insurance agent requires more thought than just a cheap quote. Ask your prospective agent these questions:
- Do they have 24-hour customer assistance?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Are there any discounts that you might be missing?
- Which company do they place the most coverage with?
- Are they involved in claim handling?
- Does the quote include credit and driving reports?
Upon getting satisfactory answers to any questions you may have as well as cheaper MKX insurance quotes, you may have found a car insurance agent that can properly service your car insurance policy. Just understand that once you purchase a policy you can cancel your coverage when you choose so never feel that you are permanently stuck with your new company for a certain time period.
Persistence is the key to cheap rates
Cost effective Lincoln MKX insurance can be bought online as well as from independent agents in Columbia, so you should be comparing quotes from both in order to have the best price selection to choose from. There are still a few companies who don't offer price quotes online and usually these small, regional companies sell through independent agents.
In this article, we covered a lot of information how to lower your Lincoln MKX insurance premium rates in Columbia. It's most important to understand that the more companies you get prices for, the better your chances of lowering your prices. You may even be surprised to find that the lowest priced insurance comes from some of the lesser-known companies.
As you quote Columbia auto insurance, do not skimp on critical coverages to save a buck or two. In too many instances, an accident victim reduced collision coverage to discover at claim time they didn't purchase enough coverage. Your strategy should be to purchase plenty of coverage for the lowest price, but do not sacrifice coverage to save money.
- Vehicle Safety Ratings (iihs.org)
- Who Has Cheap South Carolina Auto Insurance for Drivers Under 21? (FAQ)
- What Insurance is Cheapest for a Ford Escape in South Carolina? (FAQ)
- Determining Your Vehicle's Value and Repair Cost (Insurance Information Institute)
- State Laws for Cellphones and Texting (iihs.org)
- Auto Insurance Facts and Statistics (Insurance Information Institute)