Trying to come up with a payment for expensive auto insurance can diminish your monthly budget and force you to tighten up your finances. Performing a price comparison is recommended to lower your monthly bill.
Shockingly, the vast majority of auto insurance customers have purchased from the same company for a minimum of four years, and roughly 40% of drivers have never compared rate quotes at all. Many consumers in Oklahoma can save hundreds of dollars each year by just comparing rate quotes, but most tend to underestimate the big savings they would realize if they swap their current policy for a cheaper one.
How to find cheaper quotes for Lincoln MKC insurance in Oklahoma City
If your goal is the lowest price, then the best way to get discount Lincoln MKC insurance in Oklahoma City is to regularly compare quotes from companies who sell auto insurance in Oklahoma.
First, read and learn about the coverage provided by your policy and the things you can control to keep rates down. Many risk factors that increase rates like getting speeding tickets and a less-than-favorable credit rating can be controlled by paying attention to minor details.
Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like GEICO and State Farm, while independent agencies can quote rates for many different companies.
Third, compare the price quotes to the premium of your current policy and see if there is a cheaper rate. If you find a lower rate and make a switch, ensure there is no coverage lapse between policies.
Fourth, provide written notification to your current company of your intention to cancel your existing policy and submit any necessary down payment along with the completed application to your new agent or company. As soon as you receive it, safely store the certificate of insurance in an easily accessible location in your vehicle.
An important note is that you’ll want to make sure you compare the same coverage limits and deductibles on each quote request and and to analyze all possible companies. This ensures a fair price comparison and the best price quote selection.
Due to the abundance of auto insurance companies to choose from, it can be hard to find the best company.
Buying the cheapest auto insurance in Oklahoma City is really not that difficult. If you have a policy now or are looking for a new policy, you can learn to save money without reducing coverage. You just need to use the most efficient way to get comparison quotes online from multiple companies.
You may qualify for discounts for Lincoln MKC insurance in Oklahoma City
Car insurance is not cheap nor is it fun to buy but you might be missing out on some discounts to cut the cost considerably. Certain discounts will be triggered automatically at the time of purchase, but occasionally some discounts must be specially asked for before you get the savings.
- Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more on MKC insurance in Oklahoma City.
- Student in College – Older children who live away from home to go to college and do not have access to a covered vehicle could qualify for this discount.
- Discount for Home Ownership – Being a homeowner can get you a discount since home ownership shows financial diligence.
- E-sign Discounts – Some of the larger companies will discount your bill up to fifty bucks for signing up over the internet.
- Driving Data Discount – Drivers that enable companies to look at vehicle usage remotely such as Snapshot from Progressive or Drivewise from Allstate may see discounts if they exhibit good driving behavior.
- Drivers Ed for Students – Have your child successfully complete driver’s ed class in high school.
As a footnote on discounts, many deductions do not apply to the entire policy premium. Most cut the price of certain insurance coverages like medical payments or collision. So when the math indicates you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.
A few of the larger companies and their possible discounts are:
- Progressive includes discounts for online quote discount, multi-vehicle, multi-policy, online signing, and continuous coverage.
- MetLife may have discounts that include good student, multi-policy, defensive driver, accident-free, good driver, claim-free
- Mercury Insurance policyholders can earn discounts including age of vehicle, type of vehicle, location of vehicle, ease of repair, and anti-theft.
- Nationwide has savings for good student, family plan, multi-policy, anti-theft, Farm Bureau membership, accident-free, and easy pay.
- GEICO offers premium reductions for driver training, military active duty, defensive driver, emergency military deployment, and air bags.
- AAA may offer discounts for pay-in-full, AAA membership discount, education and occupation, multi-policy, multi-car, good driver, and good student.
When comparing rates, check with all companies you are considering what discounts are available to you. Some discounts listed above might not be available to policyholders everywhere. If you would like to see a list of providers who offer car insurance discounts in Oklahoma City, click here.
Getting a cheaper price on insurance is surprisingly easy. The only thing you need to do is spend a little time comparing rates from some recommended companies.
Comparing free rate quotes online is easy and it, replaces the need to spend your day driving to different agent offices. The ability to quote Lincoln MKC insurance online has reduced the need for local agents unless you have a complicated situation and need the extra assistance of an agent trained in personal lines coverage. Drivers can comparison shop your insurance online and still use a local agent.
The companies shown below offer price comparisons in Oklahoma. If multiple providers are shown, it’s highly recommended you click on several of them to get a more complete price comparison.
What is the best auto insurance coverage?
When it comes to choosing the right insurance coverage, there really is no “best” method to buy coverage. Your situation is unique and your policy should reflect that.
For example, these questions may help highlight whether you might need professional guidance.
- What policy terms are available?
- Should I buy more coverage than the required Oklahoma minimum liability coverage?
- Am I covered when driving on a suspended license?
- When should I not file a claim?
- What vehicles should carry emergency assistance coverage?
- I have health insurance so do I need medical payments coverage?
- Do I need higher collision deductibles?
- Does my Lincoln MKC need full coverage?
If you can’t answer these questions, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.
When to contact an insurance agency
Many people would rather talk to an insurance agent and that is OK! Licensed agents are very good at helping people manage risk and help file insurance claims. A nice benefit of getting free rate quotes online is that you can obtain cheap rate quotes and also buy local.
For easy comparison, once you complete this form (opens in new window), your insurance data is emailed to participating agents in Oklahoma City that provide free Oklahoma City car insurance quotes and help you find cheaper coverage. It’s much easier because you don’t need to leave your house since rate quotes are delivered to the email address you provide. If you wish to get a comparison quote from a specific insurance company, don’t hesitate to search and find their rate quote page and give them your coverage information.
Finding the right provider shouldn’t rely on just the quoted price. These are some questions your agent should answer.
- Are they in the agency full-time?
- Does the company have a local claim office in Oklahoma City?
- Where would your vehicle be repaired?
- If your car is totaled, how to they determine the replacement cost?
- If your car is in the repair shop, do you have coverage for a rental car?
- If you raise deductibles, how much can you save?
- Are they properly licensed to sell insurance in Oklahoma?
- Is their price quote a firm figure or are their hidden costs?
If you need to find a good insurance agency, you should know the different types of agents and how they can quote your rates. Auto insurance agents may be either exclusive or independent. Either one can provide auto insurance policies, but it is important to understand the difference in the companies they write for since it may influence your selection of an agent.
Agents that choose to be exclusive can only quote rates from one company and some examples include Allstate, State Farm and Farm Bureau. They are unable to give you multiple price quotes so keep that in mind. Exclusive agencies are highly trained on the products they sell and that can be a competitive advantage.
Listed below is a short list of exclusive agencies in Oklahoma City that can give you price quotes.
Jim Hoffhines – State Farm Insurance Agent
3838 NW 36th St #160 – Oklahoma City, OK 73112 – (405) 948-8881 – View Map
Independent Auto Insurance Agencies
Agents of this type do not work for one specific company so they can insure your vehicles with many different companies and find you cheaper rates. If premiums increase, they simply move your policy to a different company without you having to go to a different agency.
If you are trying to find cheaper rates, you should always get some free quotes from at least one independent agent to ensure the widest selection of prices.
The following is a list of independent insurance agencies in Oklahoma City willing to provide comparison quotes.
If you get positive feedback to your questions in addition to an acceptable price estimate, chances are good that you have found an auto insurance agent that will insure your vehicles. Just remember it’s your policy and you can cancel coverage any time you want so don’t assume that you are obligated to the auto insurance policy for the full term.
Learn about car insurance coverages for a Lincoln MKC
Understanding the coverages of a car insurance policy can help you determine the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement. Listed below are the usual coverages available from car insurance companies.
This coverage pays for damage to your MKC from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things such as hitting a parking meter, sideswiping another vehicle, hitting a mailbox, scraping a guard rail and backing into a parked car. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible on your MKC to bring the cost down.
Uninsured/Underinsured Motorist coverage
This provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Lincoln MKC.
Due to the fact that many Oklahoma drivers only carry the minimum required liability limits (25/50/25), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Auto liability insurance
This will cover damage that occurs to other’s property or people that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged property.
Liability coverage protects against claims such as medical services, structural damage, loss of income, bail bonds and court costs. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible. Oklahoma state law requires minimum liability limits of 25/50/25 but it’s recommended drivers buy higher limits.
The next chart shows why buying minimum limits may not be adequate coverage.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for dental work, hospital visits, rehabilitation expenses and chiropractic care. They are used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
This will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims such as damage from getting keyed, hail damage, vandalism and damage from flooding. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Quote more and you will save more
When getting Oklahoma City car insurance quotes online, you should never sacrifice coverage to reduce premiums. In many instances, an insured dropped liability limits or collision coverage only to discover later that the small savings ended up costing them much more. The goal is to get the best coverage possible at the best price while still protecting your assets.
We covered some good ideas how you can compare Lincoln MKC insurance auto insurance rates in Oklahoma City. The most important thing to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the biggest savings come from some of the smallest insurance companies. These smaller insurers can often provide lower premium rates in certain areas as compared to the big name companies such as GEICO and State Farm.
The cheapest Lincoln MKC insurance in Oklahoma City is available both online and also from your neighborhood Oklahoma City agents, so you should compare both so you have a total pricing picture. Some car insurance companies may not provide rates over the internet and many times these small insurance companies sell through independent agents.
Steps to quoting cheaper Lincoln MKC insurance in Oklahoma City
The best way to save money on Lincoln MKC insurance is to make a habit of regularly comparing prices from different companies in Oklahoma City. Rates can be compared by following these guidelines.
First, take a few minutes and learn about how car insurance works and the measures you can take to prevent high rates. Many risk factors that are responsible for high rates such as accidents, traffic tickets, and poor credit can be controlled by making minor changes to your lifestyle.
Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or State Farm, while independent agents can give you price quotes from multiple insurance companies.
Third, compare the new rates to your current policy and determine if there is any savings. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.
One thing to point out is to make sure you enter similar deductibles and liability limits on each price quote and to quote with as many companies as possible. Doing this provides a level playing field and the best price quote selection.
More detailed car insurance information is located in the articles below:
- Where can I buy Insurance? (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance Rates for a Chevrolet Equinox in Oklahoma City? (FAQ)
- How Much are Auto Insurance Quotes for a Toyota Highlander in Oklahoma City? (FAQ)
- How Much are Car Insurance Rates for a Toyota Corolla in Oklahoma City? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers with Accidents in Oklahoma City? (FAQ)
- What Car Insurance is Cheapest for Active Military in Oklahoma City? (FAQ)
- What Does No-Fault Insurance Cover? (Allstate)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Teen Driver Statistics (Insurance Information Institute)