View 2020 Ford Edge Insurance Rates in 2024

Do you get exhausted from not being able to afford to pay your car insurance bill each month? Your situation is no different than millions of other drivers.

Companies like State Farm and GEICO continually bombard you with advertising and it is challenging if not impossible to see through the deception and do the work needed to find the best deal.

If you currently have a car insurance policy, you stand a good chance to be able to save some money using this strategy. Finding the best rates is not that difficult. Nevertheless, car owners should learn the methods companies use to compete online because it can help you find the best coverage.

Seven things that determine your insurance costs

One of the most helpful ways to save on auto insurance is to to have a grasp of the factors that aid in calculating your policy premiums. If you understand what determines premiums, this empowers consumers to make smart changes that may result in lower premium levels. Many things are used when quoting car insurance. Some are pretty understandable such as traffic violations, but other factors are less apparent such as your marital status and annual miles driven.

The following are a few of the things used by companies to determine prices.

• Save money with theft deterrents – Driving a car with a theft deterrent system can save you a little every year. Anti-theft features like OnStar, LoJack tracking, and tamper alarms can help prevent your vehicle from being stolen.
• Men are more aggressive – Over the last 30 years, statistics show that women are safer drivers than men. However, don’t assume that women are BETTER drivers than men. Females and males are in at-fault accidents in similar percentages, but men tend to have higher claims. In addition to higher claims, males also have more aggressive citations such as DWI and reckless driving. Males from age 16 to 21 cause the most accidents and thus pay the highest rates.
• Single vs. married – Having a significant other may earn you lower rates on your policy. Marriage demonstrates that you tend to be more mature and statistics show drivers who are married file infrequent claims.
• Only buy incidental coverages you need – There are many extra coverages that may not really be needed on your auto insurance policy. Coverages like roadside assistance, high-cost glass coverage, and term life insurance may not be needed and are just wasting money. You may think they are a good idea initially, but if you’ve never needed them in the past eliminate them to save money.
• Annual mileage impacts prices – Driving a lot of miles each year the more you’ll pay to insure it. A lot of companies apply a rate determined by how the vehicle is used. Cars that sit idle most of the time receive lower rates than vehicles that have high annual mileage. Ask your agent if your policy properly reflects the correct usage, because it can save money. Having the wrong rating on your Edge can cost quite a bit.
• Don’t skimp on liability – Your policy’s liability coverage provides coverage if ever you are found to be at fault for causing damage or personal injury in an accident. Liability insurance provides legal defense coverage up to the limits shown on your policy. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.
• Small claims can cost you – Car insurance companies award cheaper rates to policyholders who only file infrequent claims. If you tend to file frequent claims, you can expect either a policy non-renewal or much higher rates. Your insurance policy is meant to be used in the event of major claims that would cause financial hardship.

Cheaper insurance rates with discounts

Insurance is expensive, but you may be missing some discounts that many consumers don’t even know exist. Certain reductions will be credited at the time of purchase, but a few must be inquired about prior to receiving the credit. If you do not check that you are getting every discount you qualify for, you could be paying more than you need to.

• Organization Discounts – Being a member of qualifying clubs or civic groups is a good way to get lower rates on your bill.
• Pay Upfront and Save – By making one initial payment rather than paying monthly you may reduce your total bill.
• Discounts for Multiple Vehicles – Buying insurance for several vehicles on a single policy can get a discount on all vehicles.
• Data Collection Discounts – Drivers who agree to allow their insurance company to scrutinize their driving habits through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease if they are good drivers.
• Discount for Life Insurance – Insurance companies who offer life insurance give a lower rate if you buy life insurance.
• Claim Free – Good drivers with no accidents can earn big discounts as compared to drivers with a long claim history.
• Discount for New Cars – Putting insurance coverage on a new car can be considerably cheaper since newer models are generally safer.
• Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class in school or through a local driver safety program.

As is typical with insurance, some credits don’t apply to all coverage premiums. Most only reduce specific coverage prices like liability and collision coverage. Despite the appearance that adding up those discounts means a free policy, that’s just not realistic.

A list of companies and their offered discounts are detailed below.

• Mercury Insurance may have discounts that include low natural disaster claims, multi-policy, accident-free, age of vehicle, and location of vehicle.
• Farmers Insurance may offer discounts for homeowner, good student, early shopping, distant student, and teen driver.
• Farm Bureau has savings for youthful driver, safe driver, good student, driver training, renewal discount, multi-vehicle, and 55 and retired.
• State Farm offers discounts for driver’s education, anti-theft, student away at school, multiple autos, good student, and good driver.
• Allstate includes discounts for 55 and retired, utility vehicle, senior citizen, good payer, economy car, EZ pay plan discount, and resident student.
• GEICO policyholders can earn discounts including air bags, multi-policy, military active duty, good student, and daytime running lights.

If you need inexpensive car insurance quotes, ask every company how many discounts you can get. Some of the earlier mentioned discounts might not be offered in your area. To find insurance companies that offer some of these discounts, enter your zip code here.

Drivers who switch save $401 a year? Really?

Companies like State Farm, GEICO and Progressive endlessly run television, radio, and online ads. They all seem to make the promise that you can save if you move your coverage to them. How does every company save you money? This is the trick they use.

Different companies quote their cheapest rates for the type of driver that will most likely be profitable. An example of this type of insured could possibly be over the age of 50, has other policies, and drives a car with an anti-theft system. A driver that matches those criteria will most likely get cheap rates and will most likely save when switching.

Drivers who do not meet these standards will probably have to pay higher rates and this can result in the driver buying from a lower-cost company. If you listen to the ad wording, they say “customers that switch” not “all people who quote” can get the lowest rates when switching. That’s the way insurance companies can advertise the way they do. This illustrates why it is so important to compare quotes as often as possible. Because you cannot predict with any certainty which company will have the lowest rate quotes.

Tailor your car insurance coverage to you

When it comes to buying proper insurance coverage, there really is not a single plan that fits everyone. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions may help highlight whether you might need professional guidance.

• If I drive on a suspended license am I covered?
• Is pleasure use cheaper than using my 2020 Ford Edge to commute?
• Is my ex-spouse still covered by my policy?
• Is business equipment covered while in my vehicle?
• Do I need PIP coverage since I have good health insurance?
• What are the financial responsibility laws in my state?
• Should I get collision insurance on every vehicle?
• What can I do if my company denied a claim?
• What are the best liability limits?
• Am I covered if my car is in a flood?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. To find lower rates from a local agent, take a second and enter your zip code.

Insurance policy coverages for a 2020 Ford Edge

Understanding the coverages of your policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages found on the average insurance policy.

Collision – This coverage pays for damage to your Edge resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like backing into a parked car, sustaining damage from a pot hole, crashing into a building, colliding with another moving vehicle and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – This provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Edge.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for hospital visits, rehabilitation expenses, EMT expenses, dental work and prosthetic devices. They are often utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Liability car insurance – Liability insurance protects you from injuries or damage you cause to people or other property that is your fault. This coverage protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged property.

Liability insurance covers claims like bail bonds, pain and suffering and repair costs for stationary objects. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Comprehensive coverage – This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like fire damage, damage from flooding and damage from a tornado or hurricane. The highest amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Knowledge is power

We covered a lot of information how to compare 2020 Ford Edge insurance auto insurance rates online. It’s most important to understand that the more companies you get premium rates for, the higher the chance of saving money. Consumers may even find the best price on car insurance is with a lesser-known regional company. These companies may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm, GEICO and Nationwide.

When searching for low cost car insurance quotes, make sure you don’t reduce needed coverages to save money. In many cases, an accident victim reduced full coverage only to regret they didn’t purchase enough coverage. Your focus should be to buy enough coverage at the best price but still have enough coverage for asset protection.

More affordable car insurance can be bought from both online companies and from local insurance agents, so you need to shop car insurance with both to have the best chance of lowering rates. Some car insurance companies don’t offer internet price quotes and usually these regional carriers prefer to sell through local independent agents.