Find Affordable Ford Edge Insurance in Madison

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Ford Edge insurance
Ford Edge insurance image courtesy of QuoteInspector.com

It takes a little time, but the best way to find affordable quotes for Ford Edge insurance is to regularly compare quotes from companies who provide car insurance in Madison. This can be done by following these guidelines.

Step 1: Try to learn a little about what is in your policy and the modifications you can make to prevent rate increases. Many factors that are responsible for high rates like multiple speeding tickets and a substandard credit history can be controlled by making small lifestyle or driving habit changes. Keep reading for additional ideas to help prevent expensive coverage and get bigger discounts.

Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or Farmers Insurance, while independent agencies can provide prices from multiple sources.

Step 3: Compare the new rates to your current policy premium to see if a cheaper price is available in Madison. If you find a lower rate quote and decide to switch, verify that coverage does not lapse between policies.

Step 4: Provide notification to your current company to cancel your current coverage. Submit the required down payment along with the signed application for your new coverage. Be sure to place the new proof of insurance certificate in your glove compartment.

One thing to point out is to compare identical coverage information on each quote and and to analyze as many companies as you can. This helps ensure a level playing field and many rates to choose from.

Insurance rates Ford Edge in MadisonShocking but true, most auto insurance policyholders kept buying from the same company for well over three years, and nearly half have never even compared quotes to find lower-cost rates. Many drivers in Wisconsin could save about 30% every year by just comparing quotes, but they don't invest the time required to do a rate comparison.

If you have insurance now, you will surely be able to get lower rates using the ideas presented in this article. This article's goal is to teach you a little about how car insurance companies work and how to save the most money. Nevertheless, Wisconsin car owners benefit from understanding the methods companies use to calculate their prices because it can help you find the best coverage.

Just remember that making a lot of price comparisons gives you a better chance of getting a lower rate than you're paying now.

The companies shown below are ready to provide comparison quotes in Wisconsin. If multiple companies are listed, we suggest you visit as many as you can to get the best price comparison.

Facts and figures for Ford Edge insurance

The price information below showcases different coverage costs for Ford Edge models. Having a better understanding of how policy rates are calculated can assist in making decisions on the best policy coverages.

Ford Edge Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Edge SE 2WD $134 $254 $260 $16 $78 $742 $62
Edge SE AWD $134 $308 $260 $16 $78 $796 $66
Edge SEL 2WD $134 $308 $260 $16 $78 $796 $66
Edge Limited 2WD $134 $308 $260 $16 $78 $796 $66
Edge SEL AWD $134 $308 $260 $16 $78 $796 $66
Edge Limited AWD $152 $364 $260 $16 $78 $870 $73
Edge Sport 2WD $152 $364 $260 $16 $78 $870 $73
Edge Sport AWD $152 $364 $260 $16 $78 $870 $73
Get Your Own Custom Quote Go

Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Information does not factor in vehicle location which can affect premium rates greatly.

Insurance deductibles

One common question asked by Madison drivers is where should you set your physical damage deductibles. The comparison tables below lay out the cost difference between low and high coverage deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.

Ford Edge insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Edge SE 2WD $172 $294 $230 $14 $68 $803 $67
Edge SE AWD $172 $358 $230 $14 $68 $867 $72
Edge SEL 2WD $172 $358 $230 $14 $68 $867 $72
Edge Limited 2WD $172 $358 $230 $14 $68 $867 $72
Edge SEL AWD $172 $358 $230 $14 $68 $867 $72
Edge Limited AWD $198 $422 $230 $14 $68 $957 $80
Edge Sport 2WD $198 $422 $230 $14 $68 $957 $80
Edge Sport AWD $198 $422 $230 $14 $68 $957 $80
Get Your Own Custom Quote Go
Ford Edge insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Edge SE 2WD $96 $154 $230 $14 $68 $562 $47
Edge SE AWD $96 $188 $230 $14 $68 $596 $50
Edge SEL 2WD $96 $188 $230 $14 $68 $596 $50
Edge Limited 2WD $96 $188 $230 $14 $68 $596 $50
Edge SEL AWD $96 $188 $230 $14 $68 $596 $50
Edge Limited AWD $110 $222 $230 $14 $68 $644 $54
Edge Sport 2WD $110 $222 $230 $14 $68 $644 $54
Edge Sport AWD $110 $222 $230 $14 $68 $644 $54
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Information does not factor in vehicle garaging location which can influence price quotes considerably.

Using the premium rates above, we can conclude that using a $100 deductible will cost in the ballpark of $23 more each month or $276 each year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 39 months between claim filings, you would save money going with the higher deductible. Here's an example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $74
Average monthly premium for $1,000 deductibles (subtract): - $51
Monthly savings from raising deductible: $23
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 39 months

One important issue to know is that raising deductibles means you will have to pay more out-of-pocket at claim time. You must have some funds available in order to pay the higher deductible in order to repair your vehicle.

Gender differences in insurance premiums

The example below shows the difference between Ford Edge insurance costs for male and female drivers. The prices are based on no claims or driving violations, comp and collision included, $250 deductibles, marital status is single, and no policy discounts are applied.

Why you need to buy insurance

Despite the potentially high cost of Ford Edge insurance, insurance may be mandatory for several reasons.

First, just about all states have mandatory liability insurance requirements which means the state requires a minimum amount of liability insurance coverage in order to get the vehicle licensed. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a lien on your Edge, most lenders will have a requirement that you buy full coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the lender will be forced to insure your Ford for a lot more money and require you to reimburse them for the much more expensive policy.

Third, insurance protects not only your Ford Edge but also your financial assets. Insurance will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance will also pay to defend you if you are sued as the result of an accident. If mother nature or an accident damages your car, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of carrying adequate insurance are definitely more than the cost, especially if you ever need it. According to a survey of 1,000 drivers, the average driver overpays as much as $830 a year so it's recommended you shop around at every policy renewal to ensure rates are inline.

Lower Your Madison Insurance Premiums

Multiple criteria are part of the equation when premium rates are determined. A few of the factors are predictable such as traffic violations, although some other factors are more obscure such as your marital status or your commute time. Smart consumers have a good feel for some of the things that come into play when calculating the level of your policy premiums. When consumers understand what influences your rates, this allows you to make good choices that may result in lower rates.

The itemized list below are just a few of the factors companies use to determine rates.

  • Frequent claims increase prices - Auto insurance companies in Wisconsin award discounts to policyholders who do not file claims often. If you are the type of insured that files lots of claims you can definitely plan on higher premiums or even policy non-renewal. Auto insurance is intended for the large, substantial claims.
  • Premiums impacted by your city - Living in small towns and rural areas can be a good thing when buying car insurance. Lower population means a lower chance of having an accident in addition to fewer liability claims. People in densely populated areas have more auto accidents and more severe claims. The longer drive time can result in more accidents.
  • Vehicle options that lower prices - Choosing a vehicle that has an advanced theft prevention system can save you some money. Theft deterrent systems such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop auto theft.
  • Car insurance liability coverage limits - Liability insurance kicks in if ever you are determined to be liable for damages from an accident. Liability provides legal defense to defend your case. This coverage is very inexpensive compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Consolidate policies and save - The majority of insurance companies provide better rates to clients who consolidate policies with them in the form of a multi-policy discount. The discount can be 10 percent or more. Even if you're getting this discount consumers should still get quotes from other companies to verify if the discount is saving money.
  • What are your coverage deductibles? - Insurance for physical damage to your car, aka comp and collision, covers your vehicle from damage. Some instances where coverage would apply are a broken windshield, hitting a deer, and damage caused by flying debris. Your deductibles define how much the insured will be required to pay if a claim is determined to be covered. The higher the amount you're willing to pay, the less your car insurance will be.
  • Loss statistics for a Ford Edge - Car insurance companies take into consideration insurance loss statistics for every vehicle as a way to help calculate a profitable premium price. Vehicles that have higher losses will have higher rates.

    The table below shows the loss history for Ford Edge vehicles. For each insurance policy coverage type, the statistical loss for all vehicles averaged together equals 100. Values below 100 imply a favorable loss record, while values that are above 100 indicate more frequent claims or an increased likelihood of larger losses.

    Ford Edge Insurance Claim Statistics
    Specific Ford 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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

You can lower your car insurance rates

Budget-friendly car insurance in Madison can be bought on the web and with local Madison insurance agents, so you need to quote Madison auto insurance with both in order to have the best price selection to choose from. Some car insurance companies don't offer rate quotes online and many times these small, regional companies work with independent agencies.

As you prepare to switch companies, make sure you don't skimp on critical coverages to save a buck or two. In many cases, an insured dropped full coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to buy a smart amount of coverage for the lowest price, but do not skimp to save money.

Insureds leave their current company for many reasons like questionable increases in premium, unfair underwriting practices, policy non-renewal and even poor customer service. Regardless of your reason for switching companies, switching companies is less work than it seems.

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