Compare Lincoln Car Insurance Rates (2023)
Luxury car insurance always costs more than standard coverage, but Lincoln rates tend to be a little more affordable. The average Lincoln policy costs $156 a month, but some models cost as much as $163.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
UPDATED: Jun 20, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jun 20, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Although luxury cars always come with higher insurance rates, coverage for Lincolns tends to be affordable
- The average Lincoln driver pays about $156 a month for car insurance, but you might pay higher rates depending on various factors
- Lincoln drivers can save even more on their rates by finding discounts, enrolling in a usage-based insurance program, and comparing quotes
Luxury cars typically come with higher insurance rates than standard vehicles, and Lincoln is no exception. As Ford’s luxury division, Lincoln offers sophisticated style, prestige, luxury comforts, and performance. Drivers pay higher insurance rates for these luxuries, but Lincolns tend to be a little cheaper than other high-end brands.
Although luxury car insurance costs more than standard coverage, buying the right policy for your Lincoln is crucial. While there are several reasons why luxury cars cost more to insure, higher rates are primarily due to increased repair and replacement costs.
The average Lincoln driver pays about $156 a month for car insurance, which is higher than the national average. However, you’ll pay different rates depending on several factors, including which model you buy, where you live, and what your driving record looks like.
Read on to explore where you can find the best Lincoln car insurance rates. Then compare policies from as many companies as possible to find the perfect coverage for your Lincoln.
How much does car insurance cost for a Lincoln?
While the average driver pays about $156 a month for Lincoln car insurance, the exact amount you’ll pay depends on several factors. Generally speaking, brand-new Lincolns cost more to insure than older models. Your insurance rate will also depend on whether or not you purchase full coverage. With older models, some drivers choose not to purchase more than the minimum insurance required by state, but this doesn’t always entirely protect you financially speaking.
Below is a table comparing full coverage and minimum coverage rates from a few different companies.
Auto Insurance Company | Average Monthly Auto Insurance Rates for Minimum Coverage | Average Monthly Auto Insurance Rates for Full Coverage |
---|---|---|
U.S. Average | $52.66 | $128.44 |
Progressive | $50.13 | $130.78 |
Geico | $32.32 | $89.87 |
Allstate | $66.78 | $168.42 |
Your rates will also change based on the model you drive. Although you’ll pay higher insurance rates, Lincolns are usually more affordable than other luxury brands. For example, by comparing Porsche car insurance costs, it’s found that you pay about 30% more than you would for Lincoln coverage.
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What types of car insurance should you buy for a Lincoln?
Although there are two main types of insurance policies, luxury cars usually benefit from full coverage. Even older, used Lincoln owners should consider buying additional coverage to protect their vehicles.
Before you decide how much coverage to buy, you should understand what the different types cover. For example, liability is required by most states, and you can often compare liability car insurance rates to see which company offers the lowest prices.
Learn about the basic types of insurance below:
- Bodily injury liability: Your bodily injury liability insurance covers injuries you cause to other drivers, their passengers, and bystanders in an at-fault accident.
- Property damage liability: The second half of liability insurance covers damage you cause to other people’s property, including cars and buildings.
- Collision coverage: Liability insurance does not cover your car after an at-fault accident. If you want help with your car repairs, you’ll need collision insurance. You can learn about what collision insurance covers here.
- Uninsured/underinsured motorist: Just because most states require insurance doesn’t mean everyone follows the law. Uninsured motorist insurance protects you from drivers without enough coverage.
- Medical payments/personal injury protection: Health care bills can get expensive quickly after an accident. If you add medical payments or personal injury protection insurance, your healthcare expenses will be covered after an at-fault accident.
- Comprehensive coverage: If your car is damaged by fire, floods, theft, vandalism, animals, or extreme weather, comprehensive insurance will pay for your repairs. Comparing comprehensive car insurance across various insurance companies can show you the average market prices.
Full coverage includes everything listed above and offers your Lincoln much better protection than the minimum insurance requirements of your state. Since Lincolns are luxury cars, even a used model can benefit from the increased coverage.
Many Lincoln drivers choose to increase the coverage on their policy beyond the basic types. Most companies offer add-ons so drivers can customize their policies. While the add-ons you can buy will depend on the company you shop with, popular choices include rental car reimbursement, roadside assistance, and gap insurance.
What factors affect your Lincoln car insurance rates?
Lincoln might be a luxury brand, but the same factors affect its car insurance as those affecting coverage for standard vehicles. When you shop for Lincoln car insurance, the following factors will affect your insurance rates:
- Driving history: Your driving record plays a crucial role in your insurance rates. Drivers with clean records pay less than those with speeding tickets or at-fault accidents.
- Credit score: Unless you live in Massachusetts, Hawaii, or California, insurance companies can use your credit score to determine your rates. Drivers with higher credit scores pay less for insurance.
- Age and gender: Men and young drivers are more likely to drive recklessly, get into accidents, and file other claims, so they pay more for insurance.
- Your car: The type of car you drive significantly impacts your car insurance rates. For example, cars with rebuilt titles are often hard to find cheap insurance for because companies are unsure of their safety.
- Marital status: Married people file fewer claims than single, divorced, and widowed people, so they usually pay a little less for their car insurance.
- Location: Some states pay more for car insurance than others, primarily because they have higher traffic or crime rates, extreme weather risks, or more accidents.
The amount of coverage you want to buy also impacts your car insurance rates. Since Lincolns are luxury cars, owners usually want to buy the utmost protection. Full coverage costs more than minimum insurance, but the extra protection for your Lincoln is usually worth it.
Tips to Find the Cheapest Lincoln Car Insurance
As luxury cars, Lincolns usually have much higher insurance rates than standard vehicles. You don’t have to settle for the first price you see — however, use the tips below to find the lowest rates possible:
- Practice safe driving. The safer you drive, the less likely you will pay higher insurance rates. Speeding tickets, reckless driving charges, and DUIs can double and sometimes triple your rates.
- Raise your deductible. Your deductible is the portion you must pay after a claim before your insurance kicks in. Choosing a large deductible will lower your rates, but you’ll have to pay more if you need to make a claim.
- Keep your car safe. If you park your Lincoln in a safe spot every night, you’ll likely pay less for insurance. Lincolns also come with excellent safety features, which help keep your rates down.
- Enroll in telematics. Most insurance companies offer usage-based insurance programs to help low-mileage, safe drivers save. If you drive late at night or regularly speed, you should probably skip usage-based insurance.
- Look for discounts. You should look at how many discounts a company offers before you sign up. Some of the best discounts to find are for being a safe driver, bundling policies, and paying for your entire policy at once.
Since luxury cars have higher insurance rates, finding the right company is vitally important. Although companies like Geico, State Farm, and Progressive are usually the cheapest companies on the market, you might find lower rates elsewhere.
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Find the Best Lincoln Car Insurance Today
Lincolns offer drivers a luxury ride at prices a bit more affordable than many of its competitors. Since Lincolns usually have low repair and replacement costs, you’ll probably see affordable car insurance rates. While Lincoln rates tend to be low, you can always find better prices by finding discounts, choosing the right coverage, and comparing quotes.
Comparing quotes is one of the most important ways to keep your insurance rates low. Lincolns deserve the best coverage possible, and comparing quotes is the only way to find it.
Frequently Asked Questions
Will a Lincoln be expensive to insure?
Whether Lincoln insurance is expensive depends on your point of view. Lincolns cost more to insure than standard coverage, but they tend to be more affordable than comparable luxury brands.
Which company offers the most affordable insurance for Lincolns?
The company with the cheapest insurance for your Lincoln depends on several factors. State Farm, Geico, and Progressive are often the cheapest options for insurance, but you’ll need to compare quotes to be sure.
How much will it cost to insure a Lincoln MKZ?
The average Lincoln MKZ owner pays about $163 a month for insurance. However, you might see higher rates depending on factors like where you live and how old you are.
Are there any discounts available for Lincoln Car Insurance?
Yes, there are various discounts that may be available for Lincoln car insurance. Common discounts include:
- Multi-Policy Discount: Bundling your Lincoln car insurance with other policies, such as home or renters insurance, can lead to discounted rates.
- Safe Driver Discount: Maintaining a clean driving record with no accidents or traffic violations may qualify you for lower premiums.
- Anti-Theft Device Discount: Installing anti-theft devices in your Lincoln can help lower insurance rates.
- Good Student Discount: If you’re a student with good grades, you may qualify for a discount on your car insurance.
- Mature Driver Discount: Older drivers who have completed a defensive driving course may be eligible for discounted rates.
How can I find the best insurance rates for my Lincoln vehicle?
To find the best insurance rates for your Lincoln vehicle, consider the following tips:
- Compare Quotes: Obtain quotes from multiple insurance companies to compare rates and coverage options.
- Research Insurance Providers: Look for reputable insurance companies with good customer reviews and a strong financial standing.
- Evaluate Coverage Options: Assess your coverage needs and choose the options that provide adequate protection for your Lincoln.
- Consider Deductibles: Decide on deductibles that are affordable for you, considering your financial situation and risk tolerance.
- Inquire About Discounts: Ask insurance companies about available discounts and see if you qualify for any. This can significantly reduce your insurance premiums.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.