Insurance quote for Lincoln MKT in Colorado SpringsAre you burned out from not being able to scrape enough together to pay your car insurance bill each month? Your situation is no different than millions of other consumers.

Unfortunately, the vast majority of drivers have purchased from the same company for well over three years, and roughly 40% of drivers have never compared rates with other companies. Colorado insurance shoppers can save hundreds of dollars each year by just shopping around, but they don't believe the rate savings if they switched to a more affordable policy.

You have so many car insurance companies to choose from, and though it is a good thing to have multiple companies, it can be more challenging to find the best rates for Lincoln MKT insurance in Colorado Springs.

Buying affordable car insurance in Colorado Springs is not that difficult as long as you know where to start. If you are insured now, you will be able to get lower rates using the concepts covered in this article. But Colorado car owners need to have an understanding of how companies calculate your policy premium because rates are impacted by many factors.

Affordable rates by receiving discounts

Some companies do not list all their discounts very well, so the list below contains a few of the more common and also the lesser-known credits available to bring down your rates. If you're not getting every credit you deserve, you could be paying more than you need to.

As a sidenote, most of the big mark downs will not be given to the overall cost of the policy. Most only reduce the cost of specific coverages such as comp or med pay. So despite the fact that it appears you can get free auto insurance, insurance companies aren't that generous. Any amount of discount should definitely cut the amount you pay for coverage.

A partial list of companies who might offer these discounts include:

Before buying, ask each insurance company which credits you are entitled to. Depending on the company, some discounts may not be offered in your area. If you would like to view insurers that can offer you the previously mentioned discounts in Colorado, click this link.

When comparison shopping, there are several ways to compare quotes from different companies. The simplest method to find the cheapest Lincoln MKT insurance rates consists of shopping online.

Comparing rates online is fast and free, and it makes it a waste of time to waste gas driving to insurance agencies in your area. Shopping for insurance online has reduced the need for local agents unless you require the personal advice of a licensed agent. Some companies do allow you to price shop your coverage online but still have the advice of a local agent.

When comparing insurance rates, know that more quotes increases the chance that you will find a lower rate than you're paying now. Not every company provides Colorado Springs MKT insurance quotes online, so you need to compare quotes from the smaller companies as well.

The following companies provide price comparisons in Colorado Springs, CO. If the list has multiple companies, it's a good idea that you get rates from several of them in order to find the cheapest rates.

Lincoln MKT Insurance Price Estimates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $342 $538 $396 $24 $118 $1,418 $118
MKT 3.7 AWD $264 $490 $416 $24 $124 $1,318 $110
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rate information does not factor in vehicle garaging location which can lower or raise rates greatly.

Should you raise deductibles?

One of the more difficult decisions when buying auto insurance is which deductibles should you choose. The data tables below highlight the difference in cost between high and low comp and collision deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.

Lincoln MKT insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $380 $644 $396 $24 $118 $1,587 $132
MKT 3.7 AWD $420 $740 $396 $24 $118 $1,723 $144
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Lincoln MKT insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MKT 3.7 2WD $210 $340 $396 $24 $118 $1,088 $91
MKT 3.7 AWD $232 $390 $396 $24 $118 $1,160 $97
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can revise price quotes noticeably.

Based on the above data, using a $100 deductible costs approximately $44 more each month or $528 each year than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 20 months between claims, you would probably come out ahead if you elect the higher deductible.

Lincoln MKT Insurance Price Factors

A large part of saving on car insurance is knowing the different types of things that are used to determine car insurance rates. When you understand what impacts premium levels, this enables you to make decisions that can help you get cheaper rates. Lots of things are used in the calculation when you quote your car insurance policy. Some are pretty understandable like an MVR report, although some other factors are more transparent such as your marital status and annual miles driven.

The list below includes most of the major factors used by companies to determine your rates.

Should I contact an insurance agency?

A lot of people still prefer to have an agent's advice and doing so can bring peace of mind The biggest benefit of price shopping on the web is that you can find the best rates but also keep your business local.

Insurance agency in Colorado SpringsTo make it easy to find an agent, after completing this form (opens in new window), your insurance data is submitted to agents in your area that can provide free Colorado Springs auto insurance quotes and help you find cheaper coverage. There is no reason to find an agent as quotes are delivered to your email. You can find lower rates and a licensed agent to work with. If you wish to compare prices for a specific company, you just need to visit that company's website and complete a quote there.

Deciding on an insurer requires more thought than just a low price. Any agent in Colorado Springs should be forthright in answering these questions:

Pick the best car insurance agent in Colorado Springs for you

If you want to use a reliable agent, there are a couple of different types of agencies and how they operate. Insurance agencies in Colorado Springs are either independent agents or exclusive agents depending on their employer.

Exclusive Auto Insurance Agents

Exclusive agencies have only one company to place business with and some examples include AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot provide other company's prices so they have to upsell other benefits. Exclusive agencies are highly trained on what they offer which helps them compete with independent agents.

Below are exclusive agents in Colorado Springs that are able to give rate quotes.

6130 Barnes Rd #104 - Colorado Springs, CO 80922 - (719) 598-8211 - View Map

76 S Sierra Madre St b - Colorado Springs, CO 80903 - (719) 471-9271 - View Map

1710 S Circle Dr - Colorado Springs, CO 80910 - (719) 900-7431 - View Map

View more Colorado Springs agents

Independent Agents

Independent agencies can quote rates with many companies and that allows them to write policies through many different auto insurance companies and possibly get better coverage at lower prices. If they quote lower rates, an independent agent can move your coverage and the insured can keep the same agent.

When comparing auto insurance rates, you absolutely need to contact several independent agencies to maximize your price options.

The following are independent agents in Colorado Springs willing to provide rate quotes.

1880 Dublin Blvd # C - Colorado Springs, CO 80918 - (719) 528-1555 - View Map

3630 Sinton Rd # 200 - Colorado Springs, CO 80907 - (719) 590-9990 - View Map

2407 W Colorado Ave - Colorado Springs, CO 80904 - (719) 473-6262 - View Map

View more Colorado Springs agents

After talking to the agent and getting good responses for all questions you ask as well as an affordable premium quote, chances are good that you have found a car insurance agent that meets your needs to service your policy.

Car insurance is not optional but you don't have to overpay

Despite the potentially high cost of Lincoln MKT insurance, insuring your vehicle may be required and benefits you in several ways.

The benefits of insuring your MKT definitely exceed the price paid, especially for larger claims. According to a recent study, the average American driver is wasting up to $820 a year so shop around every year to be sure current rates are still competitive.

You can find cheaper coverage

Cost effective Lincoln MKT insurance is available from both online companies and from local agencies, so get free Colorado Springs auto insurance quotes from both of them to have the best rate selection. A few companies may not have the ability to get a quote online and many times these small, regional companies sell through local independent agents.

When trying to cut insurance costs, it's a bad idea to buy less coverage just to save a little money. There are many occasions where an accident victim reduced physical damage coverage and discovered at claim time they didn't purchase enough coverage. Your focus should be to buy the best coverage you can find at an affordable rate but still have enough coverage for asset protection.

Additional auto insurance information is available at these links: