Lincoln MKT Insurance for 2025: Why Does it Cost so Much?

• Lincoln MKT car insurance costs an estimated $2,058 per year on average, or about $172 per month for a policy with full coverage.
• The cheapest MKT trim level to insure is the base AWD at around $2,030 per year, with the Reserve AWD being slightly higher at $2,090 annually.
• The Lincoln MKT is one of the cheaper midsize luxury SUVs to insure, costing $288 less per year on average as compared to the rest of the vehicles in the segment.

How much does Lincoln MKT car insurance cost?

Average car insurance cost for the Lincoln MKT is $2,058 annually for full coverage, which is about $172 a month. For individual coverages, comprehensive (or other-than-collision) coverage costs approximately $492 a year, liability and medical coverage costs around $610, and the remaining collision coverage costs about $956.

The following chart details how MKT car insurance rates change based on the age of the driver and comprehensive and collision deductibles. The annual policy cost estimates vary from the lowest rate of $1,444 per year for a 60-year-old driver with a deductible of $1,000 to a high policy cost of $4,840 annually for a 20-year-old driver with deductibles of $250.

Some additional observations about Lincoln MKT insurance cost include:

• Teenagers are the most expensive age group to insure. Average rates for full coverage MKT insurance costs $7,355 per year for a 16-year-old driver, $7,132 per year for a 17-year-old driver, and $6,399 per year for an 18-year-old driver.
• Earn a discount from your profession. The large majority of car insurance providers offer discounts for specific occupations like nurses, lawyers, police officers and law enforcement, scientists, doctors, college professors, and other occupations. Being employed in a qualifying occupation could potentially save between $62 and $207 on your annual MKT insurance premiuim, subject to policy limits.
• Careless drivers pay higher rates. Too many at-fault accidents can cost more, to the tune of $2,958 per year for a 20-year-old driver and even $856 per year for a 40-year-old driver.
• Make your policy cheaper by raising deductibles. Boosting your physical damage deductibles from $500 to $1,000 could save around $328 per year for a 40-year-old driver and $646 per year for a 20-year-old driver.
• Choosing a low deductible will increase insurance policy cost. Cutting your deductibles from $500 to $250 could cost an additional $344 per year for a 40-year-old driver and $686 per year for a 20-year-old driver.
• Improve your credit to save money. Having excellent credit of 800+ may save up to $323 per year versus a good rating of 670-739. Conversely, a poor credit rating could cost as much as $375 more per year.
• Research discounts to save money. Discounts may be available if the policyholders are homeowners, insure multiple vehicles on the same policy, work in certain occupations, belong to certain professional organizations, are military or federal employees, or many other discounts which could save the average driver as much as $346 per year on their insurance cost.

Which MKT trim is cheapest to insure?

The cheapest trim level of Lincoln MKT to insure is the AWD at around $2,030 per year. The next cheapest trim is the Reserve AWD at $2,090 per year.

The next table shows the average cost to insure a Lincoln MKT, in addition to a monthly budget amount, for each trim level.

Where does MKT insurance cost rank?

The Lincoln MKT ranks fifth out of 26 total comparison vehicles in the midsize luxury SUV class. The MKT costs an estimated $2,058 per year to insure for full coverage, while the class median average cost is $2,346 annually, a difference of $288 per year.

When compared to the most popular models in the midsize luxury SUV segment, insurance for a 2019 Lincoln MKT costs $12 less per year than the Lexus RX 350, $320 less than the Mercedes-Benz GLE400, $332 less than the BMW X5, and $80 less than the Acura MDX.

The table below shows how average car insurance rates for a MKT compare to the rest of the mid-size luxury SUV market.

Do older MKT models cost less to insure?

Insuring a 2013 Lincoln MKT instead of a newer 2019 model could save an average of $350 each year. Older models are generally cheaper to insure since they have a lower value. Occasionally, newer models may have improvements made that actually make the cost of insurance cheaper, which is the case with the 2018 model year of MKT.

The data table below details average Lincoln MKT car insurance rates for the 2013 through 2019 model years.