You will find that your insurance rates for your Lincoln MKZ will vary depending on a variety of factors.
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How does the Lincoln MKZ compare in annual car insurance rates?
Data shows that the Lincoln MKZ is fairly comparable to the Ford Fusion and the Mazda 6.
The total cost of ownership statistics from Intellichoice for the Lincoln MKZ show an estimated annual cost of just over $1,300. Keep in mind that this number is only applicable to the gasoline-powered MKZ. Lincoln makes a hybrid version of this vehicle that has higher average rates.
Keep in mind that this number is only applicable to the gasoline-powered MKZ.
Lincoln makes a hybrid version of this vehicle that has higher average rates.
At $1,300 annually, the cost of car insurance represents approximately 12 percent of the total cost of ownership. This is good news on two fronts.
First of all, it’s generally accepted in the industry that insurance should not exceed 18 to 20 percent of the total cost of ownership, so 12 percent for this car is actually very good.
Secondly, our 12 percent calculation only applies to the first year of ownership while the total cost is in the neighborhood of $11,000.
What Lincoln MKZ features will affect my car insurance cost?
The safety features are very important when an insurance company determines premiums. The age of your Lincoln MKZ will impact what the safety ratings and features are going to be.
A brand new Lincoln MKZ has several features including:
- Anti-lock brakes
- Blind spot information system
The 2007 to 2010 models all have the six standard airbags.
The 2009-2011 MKZ models all have the maximum ratings for rear end collision.
However, in front impact tests the 2007 to 2009 models have average ratings, 2010 to 2011 have maximum ratings, and all Lincoln MKZs that are older than 2007 have marginal ratings.
These ratings also apply to roof strength for the MKZ 2007. After 2007 the steel cage was introduced to the Lincoln MKZ which accounts for the higher safety ratings.
What about safety ratings and car insurance rates?
Safety ratings certainly play a role in determining how much you will pay for car insurance. This is especially true when it comes to minimum liability coverage and bodily injury.
Since car insurance companies must provide coverage for injuries sustained by passengers, the safer a vehicle is the better it is for your rates.
Conversely, a vehicle that is deemed less safe presents the insurance company with the potential of having to pay out more in bodily injury insurance claims.
The IIHS gave the vehicle a good (G) rating for the following four categories:
- Front impact
- Side impact
- Rear impact/head restraint
- Roof strength
In achieving such high ratings, Lincoln has demonstrated that its MKZ is a very safe vehicle for both drivers and passengers.
Another typical source of crash test safety ratings is the National Highway Traffic Safety Administration (NHTSA).
Unfortunately, there is no data to glean from them because they have not tested the Lincoln MKZ for the 2011 or 2012 model years.
How can I lower my Lincoln MKZ car insurance cost?
If you want to lower your auto insurance rates then you need to take advantage of any discounts offered by your insurance company.
These can include:
- Purchasing multiple policies from the same company
- Investing in anti-theft devices
- Choosing a higher deductible
- Taking defensive driving courses
You can also save money by maintaining a good driving record, keeping low mileage on your car, and shopping around for car insurance rates
How can I make my car insurance company lower my insurance cost?
Some insurance companies are very flexible when it comes to their established customers. If you are happy with your insurance company but aren’t sure about the rates that they are charging, especially if they haven’t gone down over the years, then you should call them.
If you are happy with your insurance company but aren’t sure about the rates that they are charging, especially if they haven’t gone down over the years, then you should call them.
If you have a good driving record and no claims, then you should be able to negotiate on your rates.
If you get a car insurance quote from other companies before you call your insurance company, then you can use those quoted lower rates to negotiate.
For example, Progressive is known for their great customer service and fast paying claims. However, if you are paying $140 a month at Progressive and are quoted $120 a month from another company you need to decide if a service you rarely use is worth an additional $20 a month. For some people it is; for others, not so much!
However, if you are paying $140 a month at Progressive and are quoted $120 a month from another company you need to decide if a service you rarely use is worth an additional $20 a month.
If your insurance company won’t work with you, switch to a new company.
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