Ford Edge Insurance Quotes in Louisville

Sad but true, over 70% of drivers kept their policy with the same company for over three years, and virtually 40% of consumers have never compared rates with other companies. Many consumers in Louisville could cut their rates by nearly $600 a year just by getting comparison quotes, but they just feel it’s too hard to find cheap insurance by shopping around.

If your goal is the lowest price, then the best way to find low-cost Ford Edge insurance is to do a yearly price comparison from insurers who can sell car insurance in Louisville. You can compare rates by following these guidelines.

1. Try to understand how your policy works and the modifications you can make to keep rates low. Many factors that cause high rates such as speeding tickets, accidents and a low credit rating can be controlled by making lifestyle changes or driving safer.
2. Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive or Allstate, while independent agencies can provide rate quotes from multiple companies.
3. Compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you find a lower rate quote, make sure there is no lapse in coverage.
4. Tell your current company to cancel your current car insurance policy and submit the completed application along with a down payment for the new policy. Once received, place the new proof of insurance certificate with your registration paperwork.

One bit of advice is to make sure you’re comparing the same deductibles and limits on each quote and and to look at as many car insurance companies as possible. This guarantees an accurate price comparison and a complete price analysis.

If you have insurance now or just want a better rate, you can learn to reduce premiums without sacrificing coverage. Our goal is to instruct you on the best way to quote coverages and also pocket some savings Vehicle owners just need to know the proper methods to compare rates over the internet.

Analysis of Ford Edge rates

The price information shown next covers estimates of insurance costs for Ford Edge models. Having a better understanding of how policy premiums are determined can assist in making smart choices when buying a car insurance policy.

Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in specific location information which can raise or lower coverage rates noticeably.

Physical damage deductibles

One of the more difficult decisions when buying auto insurance is how high should the deductibles for physical damage be. The following insurance rates may aid in understanding the premium difference of buying low and high policy deductibles. The first rate comparisons uses a $250 physical damage deductible and the second data table uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rate information does not factor in specific Louisville garaging location which can affect coverage rates substantially.

Based on this data, using a $250 deductible could cost the average driver approximately $14 more each month or $168 for a full year than requesting the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at least 18 months between claim filings, you would probably be better off going with the higher deductible.

Careless driving habits raise Louisville auto insurance rates

The diagram below demonstrates how speeding tickets and accident claims impact Ford Edge insurance premiums for different age groups. The price estimates are based on a married female driver, full coverage, $100 deductibles, and no other discounts are factored in.

Why Your Insurance Premiums might be higher

Many things are taken into consideration when you get a price on insurance. A few of the factors are predictable such as your driving history, but other criteria are more obscure such as whether you are married or how financially stable you are. Smart consumers have a good feel for some of the elements that go into determining your premiums. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that will entitle you to lower rates.

Shown below are some of the major factors utilized by car insurance companies to help set prices.

• How many miles do you drive? – The higher the mileage driven each year the more you’ll pay to insure your vehicle. Many insurance companies rate vehicles based on how the vehicle is used. Cars and trucks that are left in the garage receive better premium rates than vehicles that have high annual mileage. Having an incorrect usage rating on your Edge can result in significantly higher rates. Verify your insurance coverage correctly shows the correct usage for each vehicle, because improper ratings can cost you money.

• The type of car makes a difference – The performance level of the car, truck or SUV you are buying insurance for makes a significant difference in your premium level. Smaller low performance passenger models generally have the cheapest insurance rates, but other factors influence the final cost greatly.

  The next chart is based on a single male driver age 50, full coverage with $250 deductibles, and no discounts or violations. It compares Ford Edge car insurance rates compared to other models that have different performance rating factors.

• Cheaper rates with high deductibles – Protection for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your Ford. A few examples of covered claims could be running into the backend of another car, flood damage, and having your car stolen. Deductibles for physical damage are how much you are required to spend out-of-pocket if a covered claim is submitted. The more you choose to pay out-of-pocket, the lower your rates will be.
• No insurance claims equals cheaper premiums – If you tend to file frequent claims, you can expect either a policy non-renewal or much higher rates. Insurance companies in Kentucky award the best rates to insureds who do not file claims often. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.

• Insurance loss data for a Ford Edge – Car insurance companies factor in historical loss data as a way to help calculate a profitable premium rate. Models that are shown to have a trend towards higher claim severity or frequency will cost more for specific coverages.

  The next table shows the loss history for Ford Edge vehicles. For each policy coverage, the claim amount for all vehicles, as an average, is equal to 100. Values that are 100 or less imply a favorable loss record, while values over 100 indicate frequent claims or statistically larger losses.

  
  

  Ford Edge Insurance Loss Statistics

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Ford Edge 4dr 2WD	53		93
  Ford Edge 4dr 4WD	71		108	75

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

Cheap insurance premiums are possible

When you buy Louisville car insurance online, do not buy poor coverage just to save money. There are many occasions where someone sacrificed physical damage coverage and learned later that the small savings ended up costing them much more. The proper strategy is to buy enough coverage at the best cost, but do not sacrifice coverage to save money.

Insureds switch companies for any number of reasons including policy non-renewal, questionable increases in premium, extreme rates for teen drivers or policy cancellation. No matter why you want to switch, choosing a new company can be easier than you think.

The cheapest Ford Edge insurance in Louisville can be bought on the web and also from your neighborhood Louisville agents, and you should be comparing both to get a complete price analysis. Some insurance companies do not provide online price quotes and these small insurance companies prefer to sell through independent insurance agents.

For more information, feel free to browse the resources below:

• What Does No-Fault Insurance Cover? (Allstate)
• What Car Insurance is Cheapest for a Nissan Versa in Louisville? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for a Subaru Outback in Louisville? (FAQ)
• How Much are Louisville Auto Insurance Rates for Immigrants? (FAQ)
• How Much are Car Insurance Rates for a Toyota Tacoma in Louisville? (FAQ)
• Help Your Teen Be a Better Driver (State Farm)
• Shopping for a Safe Car (Insurance Information Institute)
• Rollover Crash FAQ (iihs.org)
• Understanding Limits and Deductibles (Allstate)