- Lincoln MKT car insurance costs an estimated $1,466 per year on average, or about $122 per month for a policy with full coverage.
- The cheapest MKT trim level to insure is the base AWD at around $1,444 per year, with the Reserve AWD being slightly higher at $1,488 annually.
- The Lincoln MKT is one of the cheaper midsize luxury SUVs to insure, costing $202 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 $1,466 annually for full coverage, which is about $122 a month. For individual coverages, comprehensive (or other-than-collision) coverage costs approximately $348 a year, liability and medical coverage costs around $442, and the remaining collision coverage costs about $676.
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 $1,106 per year for a 60-year-old driver with a deductible of $1,000 to a high policy cost of $3,402 annually for a 20-year-old driver with deductibles of $250.
|Driver Age||Deductible||Annual Cost||Monthly Cost|
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 $5,242 per year for a 16-year-old driver, $4,910 per year for a 17-year-old driver, and $4,586 per year for a 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 $44 and $146 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 $2,058 per year for a 20-year-old driver and even $602 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 $232 per year for a 40-year-old driver and $456 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 $244 per year for a 40-year-old driver and $482 per year for a 20-year-old driver.
- Improve your credit to save money. Having excellent credit of 800+ may save up to $230 per year versus a good rating of 670-739. Conversely, a poor credit rating could cost as much as $267 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 $248 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 $1,444 per year. The next cheapest trim is the Reserve AWD at $1,488 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.
|Lincoln MKT Trim Level||Annual Policy||6-month Policy||Per Month|
Where does MKT insurance cost rank?
The Lincoln MKT ranks #5 out of 26 total comparison vehicles in the midsize luxury SUV class. The MKT costs an estimated $1,466 per year to insure for full coverage, while the class median average cost is $1,668 annually, a difference of $202 per year.
When compared to the most popular models in the midsize luxury SUV segment, insurance for a 2019 Lincoln MKT costs $4 less per year than the Lexus RX 350, $226 less than the Mercedes-Benz GLE400, $230 less than the BMW X5, and $58 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.
|3||Lexus RX 350L||$1,412||-$54|
|6||Lexus RX 350||$1,470||$4|
|10||Lexus GX 460||$1,572||$106|
|11||Land Rover Discovery||$1,582||$116|
|12||Lexus RX 450||$1,588||$122|
|15||Mercedes-Benz AMG GLC43||$1,682||$216|
|21||Mercedes-Benz AMG GLC63||$1,864||$398|
|22||Tesla Model X||$1,898||$432|
|24||Mercedes-Benz AMG GLE43||$1,994||$528|
|26||Mercedes-Benz AMG GLE63||$2,102||$636|
Do older MKT models cost less to insure?
Insuring a 2013 Lincoln MKT instead of a newer 2019 model could save an average of $192 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.
|Model Year and Vehicle||Annual Rate||6-month Rate||Monthly Rate|
|2019 Lincoln MKT||$1,466||$733||$122|
|2018 Lincoln MKT||$1,386||$693||$116|
|2017 Lincoln MKT||$1,502||$751||$125|
|2016 Lincoln MKT||$1,446||$723||$121|
|2015 Lincoln MKT||$1,322||$661||$110|
|2014 Lincoln MKT||$1,238||$619||$103|
|2013 Lincoln MKT||$1,274||$637||$106|