Compare Lincoln MKZ Insurance Quotes in Portland

Are you frustrated by the dozens of car insurance providers in your area? Many other drivers are too. There are so many providers to choose from that it can really be a challenge to find lower rates on Lincoln MKZ insurance. Portland is a great city to raise a family in, but high car insurance rates can make it hard for many residents to buy full coverage.

Statistics show that a large majority of car insurance policyholders have remained with the same car insurance company for a minimum of four years, and almost 40% of drivers have never taken the time to shop around. The average driver in Oregon can save nearly $967 each year by just comparing quotes, but they don’t want to spend time to shop around.

It’s smart to quote other rates as often as possible since prices change regularly. Despite the fact that you may have had the best deal on Lincoln MKZ insurance in Portland a year ago you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to how to use online quotes to find better coverage on Lincoln MKZ insurance in Portland at a better price.

If you have insurance now, you will definitely be able to find better prices using the concepts you’re about to learn. Quoting and comparing rates for cheaper protection in Portland is not as hard as you think. But Oregon vehicle owners need to have an understanding of how the larger insurance companies set your policy premium and apply this information to your search.

It’s important to know that comparing more quotes increases your odds of finding a lower rate than you’re paying now.

The car insurance companies shown below are ready to provide quotes in Oregon. If you want cheaper car insurance in Portland, we suggest you visit as many as you can to get the best price comparison.

Car insurance analysis for a Lincoln MKZ

The coverage table displayed below outlines different insurance coverage prices for Lincoln MKZ models. Having insight into how auto insurance policy rates are calculated is important for drivers to make smart choices when comparing insurance quotes.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can affect auto insurance rates greatly.

Higher deductibles lower rates

One common question asked by Portland drivers is where to set your physical damage deductibles. The comparisons below lay out the rate differences when you select higher and lower coverage deductibles. The first price estimate table uses a $100 deductible for comprehensive and collision coverage and the second price grid uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Price information does not factor in vehicle garaging location which can decrease or increase price quotes significantly.

Based on the above data, using a $100 deductible could cost the average driver approximately $40 more each month or $480 every year than quoting the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 23 months between claim filings, you would more than likely save some money if you choose the higher deductible.

The illustration below illustrates how your deductible choice and can impact Lincoln MKZ insurance costs for each age group. The information is based on a single male driver, full coverage, and no other discounts are factored in.

Cost comparison with and without full coverage

The chart below shows the comparison of Lincoln MKZ yearly insurance costs when comparing full coverage to liability only. The data assumes no violations or claims, $500 deductibles, single status, and no policy discounts are applied.

When to drop full coverage

There is no definitive rule to stop buying comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Lincoln MKZ settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $4,000 after paying your deductible. If it’s costing in excess of $400 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some scenarios where removing full coverage is not a good idea. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

Score discounts on Portland insurance

Insurance is not cheap nor is it fun to buy but there could be available discounts that can help lower your rates. Larger premium reductions will be automatically applied when you get a quote, but a few must be specially asked for before they will apply. If you do not check that you are getting every discount you qualify for, you’re paying more than you need to.

• Multiple Vehicles – Insuring all your vehicles with the same company can reduce rates for all insured vehicles.
• Discounts for Cautious Drivers – Insureds without accidents can save up to 40% or more on their Portland car insurance quote compared to accident prone drivers.
• Anti-lock Brake Discount – Cars, trucks, and SUVs with ABS and/or traction control are safer to drive and earn discounts up to 10%.
• Accident Forgiveness Coverage – Not necessarily a discount, but some insurance companies will turn a blind eye to one accident before your rates go up if you are claim-free for a specific time period.
• Smart Student Discounts – Being a good student could provide a savings of up to 20% or more. The discount lasts well after school through age 25.
• Theft Deterrent – Vehicles equipped with anti-theft or alarm systems can help prevent theft so companies will give you a small discount.
• Discount for Home Ownership – Owning your own home or condo may trigger a policy discount on insurance because of the fact that having a home requires personal responsibility.

While discounts sound great, it’s important to understand that many deductions do not apply to the entire cost. The majority will only reduce individual premiums such as liability and collision coverage. If you do the math and it seems like it’s possible to get free car insurance, it’s just not the way it works.

The illustration below shows the comparison of Lincoln MKZ yearly insurance costs with and without policy discounts. The prices are based on a male driver, a clean driving record, no claims, Oregon state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, marriage, multi-policy, claim-free, and homeowner discounts applied.

If you would like to view providers that have a full spectrum of discounts in Portland, click this link.

Here’s why auto insurance is not optional

Even though Portland MKZ insurance rates can get expensive, insurance is required in Oregon but it also protects you in many ways.

• Just about all states have minimum liability requirements which means you are required to carry a minimum amount of liability coverage in order to drive the car legally. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
• If you bought your Lincoln with a loan, it’s most likely the lender will require that you have insurance to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank may buy a policy for your Lincoln at a much higher premium rate and require you to reimburse them for the expensive policy.
• Auto insurance protects both your vehicle and your personal assets. It will also cover medical expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense in the event you are sued. If mother nature or an accident damages your car, collision and comprehensive coverages will pay to repair the damage.

The benefits of carrying enough insurance more than offset the price you pay, especially for larger claims. Today the average American driver is wasting up to $855 a year so compare quotes from several companies once a year at a minimum to be sure current rates are still competitive.

Get rate quotes but buy from a local Portland insurance agency

A lot of people just prefer to visit with an insurance agent and that is just fine! The best thing about getting free rate quotes online is you may find better rates and still have an agent to talk to.

After filling out this simple form, your insurance data gets sent to local insurance agents in Portland that can provide free Portland car insurance quotes for your insurance coverage. It’s much easier because you don’t need to search for any insurance agencies because quoted prices will be sent to your email. You can find better rates and a licensed agent to talk to. If for some reason you want to get a comparison quote from one company in particular, don’t hesitate to jump over to their website and submit a quote form there.

Finding the right insurance company needs to be determined by more than just a cheap price. Here are some questions to ask:

• Are claims handled at the agent’s location?
• Is there any savings for paying the full premium?
• Will their companies depreciate repairs to your car based on the mileage?
• Does the agency have a good rating with the Better Business Bureau?
• How many years of experience in personal auto insurance do they have?
• By raising physical damage deductibles, how much would you save?
• What will you get paid if your car is a total loss? How is that amount determined?

Choose an insurance agent wisely

If you are wanting to purchase insurance from a reliable insurance agency, you must know there are a couple types of agencies from which to choose. Insurance policy providers can be described as either exclusive or independent.

Exclusive Insurance Agencies

Exclusive agents can usually just insure with one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agencies are unable to provide prices from multiple companies so keep that in mind. Exclusive insurance agents are well trained on their company’s products and that enables them to sell even at higher rates. Consumers often use the same exclusive agent mostly because of the prominent brand name rather than having low rates.

Below is a short list of exclusive insurance agencies in Portland who may provide you with rate quotes.

• State Farm: Jared Dean
  101 SW Main St #915 – Portland, OR 97204 – (503) 222-6601 – View Map
• Mark Nguyen – State Farm Insurance Agent
  14146 SE Stark St – Portland, OR 97233 – (503) 253-2110 – View Map
• John Lokting – State Farm Insurance Agent
  307 SE 102nd Ave – Portland, OR 97216 – (503) 252-5581 – View Map

More insurance agents

Independent Insurance Agents

Agents in the independent channel do not write with just one company and that allows them to write policies with multiple insurance companies and find you the best rates. If they find a lower price, they can switch companies in-house without you having to go to a different agency.

When comparing rate quotes, you will definitely want to contact several independent agencies in order to compare the most rates. Many write coverage with less well-known companies who may have lower rates.

Shown below are independent agents in Portland that can give you price quote information.

• Stamm Stuart Bybee Insurance
  16455 SE Division St – Portland, OR 97236 – (971) 254-1148 – View Map
• Focus 1 Insurance
  1500 NW 18th Ave #107 – Portland, OR 97209 – (503) 206-6588 – View Map
• Fournier Group
  510 SW 5th Ave #701 – Portland, OR 97204 – (503) 251-2255 – View Map

More insurance agents

Car insurance policy specifics

Learning about specific coverages of a car insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. Car insurance terms can be impossible to understand and coverage can change by endorsement.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Because many people have only the minimum liability required by law (Oregon limits are 25/50/20), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Comprehensive coverage – This pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as theft, a tree branch falling on your vehicle, fire damage and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision – Collision coverage will pay to fix damage to your MKZ resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as driving through your garage door, colliding with a tree and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible on your MKZ in order to get cheaper collision rates.

Liability coverages – This provides protection from damage that occurs to people or other property. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/20 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $20,000 for damage to vehicles and property.

Liability can pay for things like emergency aid, legal defense fees, court costs, bail bonds and pain and suffering. How much coverage you buy is a personal decision, but buy as large an amount as possible. Oregon state law requires minimum liability limits of 25/50/20 but drivers should carry more liability than the minimum.

The next chart demonstrates why buying the state minimum limits may not be adequate.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for immediate expenses such as ambulance fees, pain medications and funeral costs. They are often utilized in addition to your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible