Best Quotes for Lincoln MKZ Insurance in Virginia Beach

A recent survey discovered that over 70% of drivers renewed their policy with the same company for well over three years, and practically 40% of insurance customers have never quoted insurance rates at all. Most drivers in Virginia Beach could save themselves nearly 45% a year just by comparing rates, but they don’t invest the time required to shop their coverage around.

Discount Lincoln MKZ insuranceReally, the only way to get more affordable Lincoln MKZ insurance is to compare prices at least once a year from companies who can sell car insurance in Virginia Beach. You can compare prices by following these guidelines.

An important bit of advice to remember is to compare similar coverage information on each price quote and and to get prices from as many companies as feasibly possible. Doing this guarantees an accurate price comparison and and a good selection of different prices.

The quickest method to compare car insurance rates for Lincoln MKZ insurance in Virginia Beach is to realize most insurance companies allow for online access to compare rate quotes. All you need to do is give the companies some data including if you have an active license, driver ages, marital status, and if the vehicle is leased. The rating information is instantly provided to many highly-rated insurers and you receive quotes quickly.

To start a rate quote now, click here then complete the form.

The following companies provide free rate quotes in Virginia Beach, VA. If you want cheap car insurance in VA, we recommend you click on several of them to get the best price comparison.

Rates and information analytics

The price information shown next covers a range of coverage prices for Lincoln MKZ models. Understanding more about how policy premiums are established is important for you to make smart choices when comparing insurance rates.

Lincoln MKZ Insurance Rates in Virginia Beach, VA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $204 $418 $300 $18 $90 $1,030 $86
MKZ AWD 4-Dr Sedan $204 $418 $300 $18 $90 $1,030 $86
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium costs do not factor in specific location which can lower or raise coverage prices greatly.

Physical damage deductible comparison

One frequently asked question is how low should you set your deductibles. The comparisons below may help to illustrate the rate difference between high and low physical damage deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second set of prices uses a $500 deductible.

Lincoln MKZ insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $224 $454 $290 $18 $88 $1,099 $92
MKZ AWD 4-Dr Sedan $224 $454 $290 $18 $88 $1,099 $92
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Lincoln MKZ insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKZ 4-Dr Sedan $182 $366 $290 $18 $88 $944 $79
MKZ AWD 4-Dr Sedan $182 $366 $290 $18 $88 $944 $79
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Rate quotes do not factor in your specific Virginia Beach location which can change auto insurance rates greatly.

Based on the above data, using a $250 deductible will cost you about $13 more each month or $156 a year across all Lincoln MKZ models than buying the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally go more than 19 months between claim filings, you would probably save some money if you choose the higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $92
Average monthly premium for $500 deductibles (subtract): – $79
Monthly savings from raising deductible: $13
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

Annual premiums for males versus females in Virginia Beach

The example below compares Lincoln MKZ annual premium costs for male and female drivers. The price estimates are based on no driving violations, no at-fault accidents, comp and collision included, $1,000 deductibles, single status, and no other discounts are factored in.

Insurance is not optional in Virginia

Even though Virginia Beach MKZ insurance rates can get expensive, maintaining insurance is most likely required but also gives you several important benefits.

The benefits of buying enough insurance greatly outweigh the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver is overpaying over $810 a year so we recommend shopping around at every renewal to ensure rates are inline.

Specific coverage details

Understanding the coverages of car insurance helps when choosing which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are the usual coverages found on the average car insurance policy.

UM/UIM Coverage

This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Lincoln MKZ.

Due to the fact that many Virginia drivers carry very low liability coverage limits (25/50/20), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for bills for chiropractic care, X-ray expenses, doctor visits and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like hitting a deer, hail damage, a broken windshield and hitting a bird. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability coverages

This coverage provides protection from damage that occurs to a person or their property that is your fault. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/20 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $20,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers claims like repair bills for other people’s vehicles, emergency aid and pain and suffering. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible. Virginia state law requires minimum liability limits of 25/50/20 but you should consider buying better liability coverage.

The chart below shows why buying the state minimum limits may not provide you with enough coverage.

Collision coverage

This covers damage to your MKZ from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as rolling your car, sideswiping another vehicle, backing into a parked car, crashing into a building and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible on your MKZ to save money on collision insurance.

Virginia car insurance companies ranked

Picking a highly-rated car insurance provider can be rather challenging considering how many companies provide coverage in Virginia Beach. The ranking data shown below can help you decide which car insurance providers to look at when comparing rates.

Top 10 Virginia Beach Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Top 10 Virginia Beach 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%