Lincoln MKT Car Insurance Cost [Comparisons + Rates for 2022]

How much does Lincoln MKT insurance cost? We analyze rates for the base AWD and Reserve AWD models from 2013 through 2019 to find out.

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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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2019 Lincoln MKT with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Lincoln MKT trim levels.Data last updated on June 24, 2022
Lincoln MKT Car Insurance Rates
Lincoln MKT Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,464$205
$500$2,920$243
$250$3,402$284
30$1,000$1,292$108
$500$1,546$129
$250$1,810$151
40$1,000$1,234$103
$500$1,466$122
$250$1,710$143
50$1,000$1,126$94
$500$1,336$111
$250$1,554$130
60$1,000$1,106$92
$500$1,312$109
$250$1,528$127

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.

2019 Lincoln MKT Insurance Cost by Trim Level
Lincoln MKT Trim Level Annual Policy 6-month Policy Per Month
AWD$1,444$722$120
Reserve AWD$1,488$744$124

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2019 Lincoln MKT, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on June 24, 2022
Lincoln MKT Insurance Cost by Trim Level

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.

Insurance Cost Comparison: Lincoln MKT vs Midsize Luxury SUVs
Rank Make/Model Insurance Cost Difference
1Cadillac XT5$1,356-$110
2Infiniti QX50$1,388-$78
3Lexus RX 350L$1,412-$54
4Lincoln Nautilus$1,442-$24
5Lincoln MKT$1,466--
6Lexus RX 350$1,470$4
7Jaguar E-Pace$1,482$16
8Acura MDX$1,524$58
9Audi SQ5$1,562$96
10Lexus GX 460$1,572$106
11Land Rover Discovery$1,582$116
12Lexus RX 450$1,588$122
13Infiniti QX60$1,594$128
14Volvo V90$1,606$140
15Mercedes-Benz AMG GLC43$1,682$216
16Mercedes-Benz GLE400$1,692$226
17BMW X5$1,696$230
18Audi Q7$1,734$268
19Audi Q8$1,828$362
20Audi e-tron$1,864$398
21Mercedes-Benz AMG GLC63$1,864$398
22Tesla Model X$1,898$432
23BMW X6$1,964$498
24Mercedes-Benz AMG GLE43$1,994$528
25Porsche Cayenne$2,016$550
26Mercedes-Benz AMG GLE63$2,102$636

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2019 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on June 24, 2022
Insurance Cost Comparison: Lincoln MKT vs Midsize Luxury SUVs

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.

Lincoln MKT Insurance Cost for 2013-2019 Models
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on June 24, 2022
Lincoln MKT Insurance Cost by Model Year