Pretty sure you bought an expensive car insurance policy? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out.
A recent survey discovered that the vast majority of car insurance customers kept their coverage with the same car insurance company for more than four years, and approximately 40% of consumers have never compared rates from other carriers. Many drivers in Wisconsin could save themselves approximately 30% a year, but most just don’t grasp the benefits if they switch to a new company. Having so many car insurance companies to choose from, it can be hard to locate the right car insurance company.
Finding the cheapest coverage in Milwaukee can really be easy if you know what you’re doing. If you have a policy now, you stand a good chance to be able to shop for the lowest rates using the techniques covered below. Comparison shoppers just need to know the most time-saving way to compare insurance rates over the internet.
Best Lincoln MKZ insurance prices in Wisconsin
The companies shown below are our best choices to provide free quotes in Wisconsin. If multiple providers are shown, we recommend you visit as many as you can in order to find the most affordable rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MKZ 4-Dr Sedan||$160||$376||$314||$18||$94||$962||$80|
|MKZ AWD 4-Dr Sedan||$160||$376||$314||$18||$94||$962||$80|
|Get Your Own Custom Quote Go|
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price information does not factor in the specific area where the vehicle is garaged which can raise or lower price quotes substantially.
Full coverage versus liability only rates
The illustration below examines Lincoln MKZ insurance prices with full coverage compared to only the Wisconsin minimum liability coverage. The prices are based on no tickets, no at-fault accidents, $1,000 deductibles, married male driver, and no discounts are applied.
Should you pay for full coverage or liability only?
There is no set rule to stop paying for physical damage coverage, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s assume your Lincoln MKZ replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after the deductible is paid. If premium cost is more than $700 annually for full coverage, then you might want to think about dropping full coverage.
There are some scenarios where dropping physical damage coverage is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not buy liability only.
How do Insurance Providers Determine Lincoln MKZ Insurance Prices?
One of the most helpful ways to save on auto insurance is to to have a grasp of some of the factors that help determine your premiums. If you have some idea of what determines premiums, this enables you to make decisions that could help you find big savings. Lots of things are used when you get a price on insurance. Some are obvious such as your driving record, but others are less apparent such as your marital status or your financial responsibility.
Listed below are some of the things used by insurance companies to determine prices.
- The type of car you drive affects your costs – The performance of the vehicle you are trying to find cheaper insurance for makes a substantial difference in your auto insurance rates. Due to the fact that the Lincoln MKZ is considered a luxury sedan, rates will be more when compared to the average rates in Milwaukee. Low performance passenger cars normally have pretty low rates, but many other things help determine your insurance rates.
- Get married and get better rates – Walking down the aisle helps lower the price when shopping for auto insurance. Marriage generally demonstrates drivers are more stable financially and insurance companies like that drivers who are married are more cautious.
- Save by driving safer cars – Vehicles with high crash test scores tend to have better insurance rates. Vehicles engineered for safety protect occupants better and any reduction in injury severity translates into savings for insurance companies and cheaper rates on your policy. If your Lincoln MKZ scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.
- Never let your policy expire – Letting your insurance expire can be a quick way to trigger a rate increase. And not only will insurance be more expensive, failure to provide proof of insurance could earn you fines or a revoked license.
- Traffic violations cost more than a fine – Drivers who don’t get tickets receive lower rates than bad drivers. Getting just one speeding ticket could increase your next policy renewal by twenty percent. Drivers who have gotten careless citations such as reckless driving, hit and run or driving under the influence are required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to prevent a license revocation.
- Reserve claims for larger damages – Insurance companies in Wisconsin generally give discounts to insureds that do not abuse their auto insurance. If you tend to file frequent claims, you can definitely plan on increased rates or even have your policy non-renewed. Your car insurance is intended to be relied upon for larger claims.
- Adjust coverage deductibles and save – Deductibles for physical damage are the amount of money you are required to pay in the event of a claim. Insurance for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of claims that would be covered could be colliding with a stationary object, damage from fire, and having a roll-over accident. The more damage repair cost the insured is willing to pay, the less your auto insurance will be.
- Insurance loss data for a Lincoln MKZ – Insurers use statistical claims data to help determine the price you pay. Vehicles that are shown to have increased claim numbers or amounts will be charged more to insure.
The next table illustrates the insurance loss data used by companies for Lincoln MKZ vehicles. For each policy coverage, the statistical loss for all vehicles as a whole is equal to 100. Numbers shown that are under 100 indicate a favorable loss history, while numbers above 100 indicate more frequent claims or an increased probability of a larger loss.
Insurance Loss Ratings for Lincoln MKZ Vehicles
Specific Lincoln Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Lincoln MKZ 4dr 2WD 137 85 107 95 89 75 Lincoln MKZ 4dr 4WD 140 82 126 99 Lincoln MKZ Hybrid 4dr 148 84 100 74 82 76
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insurance rates and discounts
Insurance is neither fun to buy or cheap, but you might be missing out on some discounts that you may not even be aware of. Larger premium reductions will be automatically applied when you complete an application, but less common discounts must be specially asked for before they will apply.
- Air Bags and Passive Restraints – Cars that have air bags can qualify for discounts up to 30%.
- Paper-free Discount – Certain companies will discount your bill up to fifty bucks for buying your policy on their website.
- Discounts for Federal Employees – Active or retired federal employment can save as much as 8% depending on your company.
- Defensive Driver – Successfully completing a driver safety course is a good idea and can lower rates and also improve your driving technique.
- Service Members Pay Less – Having a deployed family member may lower your premium rates slightly.
- Discount for Life Insurance – Larger companies have a break if you buy some life insurance in addition to your auto policy.
- Seat Belts Save – Drivers who require all vehicle occupants to use a seat belt can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
- Good Students Pay Less – Performing well in school may save as much as 25% on a Milwaukee car insurance quote. You can use this discount normally well after school through age 25.
- Save over 55 – Drivers over the age of 55 may receive reduced rates.
- Homeowners Savings – Simply owning a home can save a few bucks because maintaining a house requires personal responsibility.
Don’t be surprised that many deductions do not apply to all coverage premiums. Most cut the cost of specific coverages such as comprehensive or collision. So even though they make it sound like it’s possible to get free car insurance, it just doesn’t work that way.
Insurance companies that may include many of the previously listed discounts possibly include:
Before buying, ask all companies you are considering which discounts they offer. Depending on the company, some discounts may not apply in Milwaukee. If you would like to see a list of insurance companies that offer multiple discounts in Milwaukee, click here.
Insurance agent or online?
A small number of people prefer to sit down and talk to an agent. Insurance agents can help you choose the best coverages and help you file claims. The best thing about comparing car insurance online is the fact that you can find cheap car insurance quotes and still have an agent to talk to.
For easy comparison, once you complete this short form, your information is instantly submitted to companies in Milwaukee that give free quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to contact an agency because prices are sent to you directly. If for some reason you want to compare rates for a specific company, feel free to go to their quote page and fill out the quote form the provide.
Selecting an insurance company is decision based upon more than just the bottom line cost. Any good agent in Milwaukee should know the answers to these questions.
- Does the quote include credit and driving reports?
- Is there a 24/7 contact number?
- How much can you save by raising your physical damage deductibles?
- Is coverage determined by price?
- Does the agent have a valid license to sell insurance in Wisconsin?
- Do they feel the quoted coverages are adequate?
- Do you work with a CSR or direct with the agent?
- Are they paid to recommend certain coverages?
If you prefer to buy car insurance from a local Milwaukee insurance agency, it helps to know the two different types of agencies and how they are slightly different. Car insurance policy providers can be classified as either exclusive or independent (non-exclusive). Both types of agents can handle car insurance, but it’s worth mentioning the subtle differences because it can factor into buying decisions.
Exclusive Insurance Agents
Agents that choose to be exclusive write business for a single company like State Farm or Allstate. They are unable to compare other company’s rates so keep that in mind. Exclusive agents are usually quite knowledgeable on their company’s products which helps overcome the inability to quote other rates.
Below are Milwaukee exclusive agents willing to provide price quotes.
Independent Agencies or Brokers
Agents that elect to be independent are not employed by one company so they have the ability to put coverage with a variety of different insurance companies and potentially find a lower price. If premiums increase, your agent can switch companies which is easy for the insured.
When comparison shopping, you definitely need to get insurance quotes from multiple independent agents to get the most accurate price comparison.
Below are independent insurance agents in Milwaukee willing to provide rate quotes.
Quote. Compare. Save.
Lower-priced Lincoln MKZ insurance in Milwaukee is attainable both online and from local agencies, so you should be comparing quotes from both so you have a total pricing picture. Some companies may not offer online price quotes and many times these smaller providers work with independent agents.
As you prepare to switch companies, it’s very important that you do not sacrifice coverage to reduce premiums. In many cases, someone sacrificed collision coverage only to find out they didn’t have enough coverage. The aim is to buy enough coverage at the best cost, but don’t skip important coverages to save money.
Additional detailed information is available in the articles below:
- Insurance losses by make and model (Insurance Institute for Highway Safety)
- Who Has Cheap Car Insurance for Drivers Under 25 in Milwaukee? (FAQ)
- Who Has Affordable Milwaukee Auto Insurance Rates for Handicapped Drivers? (FAQ)
- Who Has Cheap Car Insurance for a Honda Pilot in Milwaukee? (FAQ)
- Who Has Cheap Auto Insurance for Single Moms in Milwaukee? (FAQ)
- Who Has the Cheapest Milwaukee Car Insurance for Drivers Requiring a SR22? (FAQ)
- How Much are Car Insurance Rates for Drivers with Accidents in Milwaukee? (FAQ)
- Who Has Cheap Auto Insurance for First-time Drivers in Milwaukee? (FAQ)
- Teen Driver Licensing Information (iihs.org)
- Side Impact Crash Tests (iihs.org)
- Collision Insurance Coverage (Nationwide)
- Eight Auto Insurance Myths (Insurance Information Institute)