Lincoln Insurance

Do You Need Lincoln Insurance?

If so, here's what you need to know.

Lincoln Insurance

The Lincoln Motor Company is a division of the Ford Motor Company. Lincoln sells five models of luxury vehicles, primarily in North America. Ford purchased the Lincoln Motor Company in 1922 and has been manufacturing automobiles under that name ever since. If you're getting a Lincoln, make sure you have adequate car insurance.

You can use this independent agent matching tool to find the best insurance solution in your area. Provide a few details about what you're looking for, and get recommendations for the best agents for you. Any information you provide will only be sent to the agent you pick.

What Kind of Insurance Do You Need for Your Lincoln?

When it comes to car insurance, there are a variety of options. Determining what's the best coverage for you requires understanding what insurance is required by state laws and which is optional. Your insurance agent can help you understand the different insurance options and which coverage will best fit your driving habits and needs. 

Bodily injury liabilityThis pays for medical bills and lost wages for passengers, pedestrians, or other drivers who are injured in an at-fault accident. 

Property damage liability: This repairs or replaces damaged property as a result of an at-fault accident. This could include a third-party vehicle, building, structure, or home. 

Most states require a minimum amount of bodily injury and property damage liability. It's possible that your state's required minimum for liability insurance is not enough to protect you if you experience an incident. Make sure to speak with your independent insurance agent to understand how much liability insurance you need to be fully protected.

Medical payments/Personal injury protectionThis covers a minimal amount of your personal medical treatment or that of your passengers if you're in an accident. It doesn't matter if you're at fault or not. It's required in no-fault states and available as optional purchase in others.  

Uninsured motorist coverage: This pays for any damage to your vehicle that's caused by an accident with an underinsured or uninsured motorist.  

Optional Coverage

Collision insuranceThis covers the cost for repairs or replacement if you collide with other vehicles or objects. While collision insurance is not required, with a luxury vehicle like the Lincoln, you may want to consider purchasing this coverage so you're not stuck paying for damage out of pocket. 

Comprehensive insuranceThis pays for any damage your vehicle sustains from incidents like colliding with a deer, a tree branch falls on your car, or you experience vandalism. It will also cover natural disasters like damage from fires and windstorms. 

Glass coverage: Rock chips, cracks, and broken glass can impede your vision while on the road. It's also illegal to drive with a cracked or broken windshield. Glass coverage is a low cost, no deductible add-on that will pay the total cost to repair any broken glass on your vehicle. 

Gap insuranceIf you buy a brand new Lincoln from a dealership, you could be paying around $87,000. The minute you drive your new car out of the dealership's parking lot, it loses value. Imagine getting in an accident just a few blocks away. If your vehicle is deemed a total loss by your insurance company, you could be left having to pay the difference in what you owe and your car's value. Gap insurance will cover these costs. 

If you purchase a brand-new Lincoln, you will have the option to purchase gap insurance from the dealer. If not, you can still add this important coverage to your auto insurance with help from your agent.

What Affects the Cost of Insurance for Your Lincoln?

  • Annual mileage: Frequent drivers are more susceptible to getting in accidents and filing a claim with insurance. If you put more than 15,000 miles a year on your vehicle, you may be taxed with higher insurance premiums. 
  • Your driving record: If you have traffic or moving violations on your driving record, it will negatively impact your insurance. Your independent insurance agent can help you determine when violations will be removed from your record and how to shop affordable prices despite having violations.
  • The value of your vehicle: The largest contributing factor to insurance premium cost is the value of your vehicle. Luxury vehicles like Lincoln models cost more to insure than a Kia. Within the Lincoln brand, newer models will cost more to insure than older models, and SUVs will be more expensive than sedans. 

The following rates assume that the driver is a 40-year-old male who has a clean driving history. The policies reflect a $500 comprehensive and collision deductible, uninsured/underinsured motorist coverage, and minimum liability limits. Rates are averaged across all 50 states. 

Average insurance premium by Lincoln car modelAnnually
Lincoln MKC$1,492
Lincoln MKS$1,560
Lincoln MKT$1,660
Lincoln MKX$1,478
Lincoln MKZ$1,666
Lincoln MKZ Hybrid$1,712
Lincoln Navigator$1,638
Lincoln Town Car$1,642

Average Lincoln Insurance Costs

The average, full coverage auto insurance for Lincoln owners is $1,580 a year, which breaks down to around $131 a month. This price increases significantly for teens and high-risk drivers. High-risk drivers can expect to pay up to $3,424 a year and teens will pay even more at $5,744. If you opt for a higher deductible you're looking at $1,342.

Here's how Lincoln premiums change for younger vs. older drivers:

Average Lincoln rates by age with full coverage and a $500 deductible
AgePremium
16$5,744
20$3,656
30$1,662
40$1,580
50$1,442
60$1,414

The Safety of Your Lincoln

One of the factors in auto insurance pricing is the safety rating of the vehicle. A low rating can adversely affect your Lincoln's insurance cost. 

• Insurers look at the size of your engine to determine rates.  You can expect that your insurance rates will be similar to other luxury SUVs with V6 engines.

• Insurers look at the expense of repairs to determine rates. Luxury vehicles tend to be more expensive to fix after an accident due to the customized and high-tech features.

• Insurers look at the purchase price of a vehicle to determine rates. As a general rule, you can expect a more expensive car to cost more to insure.

Multiple Lincoln models received five-star overall safety ratings from the National Highway Traffic Safety Administration. 

How Location Affects Your Lincoln Insurance 

Your location can play a crucial part in your insurance premium. For city drivers who deal with a lot of traffic and potential vandalism, you'll pay more than someone who lives in the countryside and faces less risk. 

Which states are most affordable and least affordable for car insurance? 

Estimated annual Lincoln insurance premiums in the United States:

Most expensive states:
Michigan$2,746
Louisiana$2,340
Kentucky$2,156
Rhode Island$2,108
Florida$1,980
Most affordable states:
North Carolina$910
Virginia $948
Maine$976
Iowa$1,066
Idaho$1,070

Top Insurance Carriers That Insure the Lincoln

The insurance company you choose will determine your coverage and if they have the funds to foot the bill. Your carrier needs to be responsive and have an A-rated reserve for claim payouts. The US Independent Insurance Agent Satisfaction Study by J.D. Power gave these companies a trustworthy recommendation: 

  1. Progressive
  2. Safeco
  3. Travelers
  4. Auto-Owners Insurance

Lincoln Car Insurance

Lincoln is a well-established luxury car brand in the US. Some of its vehicles are American classics. In general, Lincoln model ratings are mixed. They also have an unimpressive gas mileage. If you are planning to shop for a new Lincoln or any vehicle, make sure you protect yourself with the right car insurance.

Contact an independent agent today for quotes and advice on getting your Lincoln insurance.

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