Cheap Rates for Lincoln MKS Insurance in Milwaukee

Nobody I know likes buying auto insurance, especially when they know the price is too high.

It’s shocking but the vast majority of drivers kept their coverage with the same auto insurance company for more than four years, and nearly half have never shopped around. Consumers in Wisconsin could save almost $370 a year just by getting comparison quotes, but most tend to underestimate the amount of money they would save if they switched to a cheaper policy.

Consumers have many car insurance companies to pick from, and even though it’s nice to be able to choose, more choices can make it harder to get the best deal for Lincoln MKS insurance in Milwaukee.

Finding quotes for affordable auto insurance in Milwaukee is easy if you know what you’re doing. Essentially everyone who quotes auto insurance should get a lower-priced policy. But Wisconsin vehicle owners do need to know how big insurance companies determine prices because it varies considerably.

Many insurance companies give price estimates from their websites. The process is quite simple because you just enter your personal and coverage information on the page. After you complete the form, their quoting system obtains information on your driving record and credit history and returns a price quote determined by many factors. The ability to get online quotes for Lincoln MKS insurance in Milwaukee makes comparing rates easy, and it is important to get many rate quotes if you want to find the most affordable possible premiums on car insurance.

To get comparison pricing now, compare rate quotes from the providers shown below. If you currently have coverage, we recommend you copy the limits and deductibles exactly as shown on your declarations page. This way, you’re receiving a rate comparison for exact coverage.

The companies in the list below offer free rate quotes in Milwaukee, WI. If more than one company is shown, we recommend you compare several of them in order to find the lowest rates.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Table data does not factor in specific location information which can affect premium rates significantly.

Rate difference between full and liability-only coverage

The illustration below shows the comparison of Lincoln MKS annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Wisconsin. Data assumes no accidents or driving violations, $1,000 deductibles, married male driver, and no additional discounts are factored in.

Guidelines for dropping full coverage

There is no clear-cut formula of when to drop comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s assume your Lincoln MKS book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after you pay the deductible. If you are paying more than $200 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some conditions where dropping physical damage coverage is not a good idea. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not buy liability only.

Where to set your deductibles

One of the most common car insurance questions is how high should the physical damage coverage deductibles be. The comparison tables below lay out the costs and benefits when you buy lower versus higher comp and collision deductibles. The first data table uses a $250 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in your specific Milwaukee location which can change auto insurance rates noticeably.

We can estimate from the data above that using a $250 deductible would cost the average driver about $12 more each month or $144 a year than opting for the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at least 21 months between claims, you would most likely save money going with the higher deductible.

Affordable rates on Lincoln MKS insurance in Milwaukee with these five discounts

Insurance can be prohibitively expensive, but there may be some discounts to help offset the cost. A few discounts will be applied at the time you complete a quote, but once in a while a discount must be specifically requested prior to getting the savings.

• Military Deployment Discount – Being deployed with a military unit could be rewarded with lower auto insurance rates.
• Savings for New Vehicles – Buying insurance on a new vehicle can save you some money since new model year vehicles have better safety ratings.
• Discounts for Safe Drivers – Drivers who don’t get into accidents could pay up to 40% less compared to accident prone drivers.
• Use Seat Belts – Drivers who always wear seat belts and also require passengers to use their safety belts could save 15% on the premium charged for medical payments and/or PIP.
• Early Renewal Discounts – Some companies reward drivers for signing up before your current coverage expires. This discount can save up to 10%.

While discounts sound great, it’s important to understand that some of the credits will not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like comp or med pay. So despite the fact that it appears you can get free auto insurance, that’s just not realistic.

To view companies offering auto insurance discounts in Wisconsin, click here to view.

Insurance quotes from local Milwaukee insurance agents

A small number of people still prefer to have an agent’s advice and that is just fine! The biggest benefit of comparing rate quotes online is that you can find the best rates and still have an agent to talk to. And buying from local agents is definitely important in Milwaukee.

For easy comparison, once you complete this short form, the quote information gets sent to insurance agents in Milwaukee that can give you free Milwaukee car insurance quotes for your business. There is no need to search for any insurance agencies since price quotes are sent to your email. You can find lower rates and an insurance agent to talk to. If you wish to get a price quote from one company in particular, you would need to find their quoting web page and give them your coverage information.

When finding an insurance agent, you need to know there are two types of agencies to choose from. Insurance agencies are categorized either exclusive or independent (non-exclusive).

Independent Agencies or Brokers

Agents that choose to be independent are not required to write business for one company and that gives them the ability to insure with a variety of different insurance companies enabling the ability to shop coverage around. If prices rise, an independent agent can move your coverage which requires no work on your part.

If you need lower rates, we highly recommend that you contact a few independent agents to have the most options to choose from.

Shown below is a list of independent insurance agents in Milwaukee who can help you get free rate quotes.

More insurance agents

Exclusive Insurance Agencies

Agents in the exclusive channel can only quote rates from one company such as State Farm, AAA, and Liberty Mutual. Exclusive agents cannot shop your coverage around so keep that in mind. Exclusive agents are highly trained on their company’s products and that enables them to sell even at higher rates.

Below is a list of exclusive agents in Milwaukee willing to provide price quote information.

More insurance agents

Deciding on an insurance agency requires more thought than just the bottom line cost. Any agent in Milwaukee should be forthright in answering these questions:

• How long has their agency been in business in Milwaukee?
• Which members of your family are coverage by the policy?
• Do they receive special compensation for putting your coverage with one company over another?
• How much experience to they have in personal lines coverages?
• Does the agent recommend any additional coverage?
• Is auto insurance their primary focus in Milwaukee?
• Do they assist clients in filing claims?
• How many companies do they write for?

Once you have received satisfactory answers to all your questions and an affordable coverage quote, it’s a good possibility that you have found a car insurance agent that is reputable and can adequately provide insurance. Just understand that you are able to cancel a policy whenever you want so don’t assume that you are obligated to any specific company with no way to switch.

Don’t assume everyone needs the same car insurance coverage

When quoting and choosing adequate coverage, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance should reflect that
For instance, these questions may help you determine whether you could use an agent’s help.

• If my pet gets injured in an accident are they covered?
• Should I waive the damage coverage when renting a car?
• Should I pay a claim out-of-pocket?
• What are the best liability limits?
• How much underlying liability do I need for an umbrella policy?
• Can I afford to pay high deductible claims out of pocket?
• Is extra glass coverage worth it?
• Is my camper covered by my car insurance policy?
• How much can I save by bundling my policies?
• Do I have coverage when pulling a U-Haul trailer?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Do you really save 40% when you switch?

Popular insurance providers such as 21st Century, Allstate and State Farm regularly use television, radio, and online ads. They all seem to make the same claim about saving some big amount after switching your insurance coverage to their company. How does each company make the same claim? You have to listen carefully.

Insurance companies offer their best rates for a prospective insured that will add to their bottom line. An example of a profitable customer could possibly be a female over age 40, owns a home, and drives a vehicle with a low ISO rating. Someone who fits that profile will get a cheap rate quote in Milwaukee and will save a lot on Milwaukee Lincoln MKS insurance if they switch.

Drivers who do not fit these stringent criteria will be charged a higher premium and this can result in the customer buying from someone else. If you listen closely, the ads state “people who switch” not “everybody who quotes” can get the lowest rates when switching. That’s why companies can truthfully make the claims of big savings.

Because of these techniques, you need to get Milwaukee car insurance quotes as often as possible. It is just not possible to predict with any certainty which company will fit your personal profile best.

Auto insurance specifics

Learning about specific coverages of your auto insurance policy can be of help when determining which coverages you need and proper limits and deductibles. Auto insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are typical coverages found on the average auto insurance policy.

Collision protection

This coverage pays for damage to your MKS from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things like crashing into a building, crashing into a ditch, damaging your car on a curb, hitting a mailbox and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible on your MKS to bring the cost down.

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as damage from a tornado or hurricane, a broken windshield and a tree branch falling on your vehicle. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Lincoln MKS.

Because many people have only the minimum liability required by law (25/50/10), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Auto liability

This coverage protects you from damages or injuries you inflict on other’s property or people. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/10 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Alternatively, you may have a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers things like pain and suffering, attorney fees, structural damage and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but buy as large an amount as possible. Wisconsin state law requires minimum liability limits of 25/50/10 but you should consider buying more coverage.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like X-ray expenses, dental work and EMT expenses. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Keep this in mind when shopping around

When getting Milwaukee car insurance quotes online, it’s very important that you do not reduce coverage to reduce premium. There have been many situations where consumers will sacrifice physical damage coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your goal is to buy enough coverage for the lowest cost, not the least amount of coverage.

In this article, we presented a lot of ways to reduce Lincoln MKS insurance prices online in Milwaukee. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even discover the best prices are with a company that doesn’t do a lot of advertising. These companies may have significantly lower rates on certain market segments compared to the large companies like Progressive or GEICO.

Even more information is available at these sites:

• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Who Has Cheap Car Insurance for Drivers Under 25 in Milwaukee? (FAQ)
• Who Has Cheap Auto Insurance Quotes for Drivers Over Age 70 in Milwaukee? (FAQ)
• Who Has Affordable Milwaukee Auto Insurance Rates for Handicapped Drivers? (FAQ)
• Who Has Cheap Auto Insurance for First-time Drivers in Milwaukee? (FAQ)
• Who Has the Cheapest Car Insurance for Young Drivers in Milwaukee? (FAQ)
• Distracted Driving (Insurance Information Institute)
• How to Avoid Common Accidents (State Farm)
• Insurance losses by make and model (Insurance Institute for Highway Safety)