How long has it been since you compared quotes for lower-priced Ford Edge insurance in Indianapolis? Trying to come up with a payment for overpriced car insurance can sap your accounts and require stricter spending habits. Doing a price comparison can lower your rates and help to slash your bill and have more diposable income.
A study showed that nearly 70% of customers have remained with the same car insurance company for at least four years, and nearly the majority have never even shopped around for cheap coverage. Indianapolis drivers could save roughly $700 every year just by getting comparison quotes, but most tend to underestimate the benefits if they switched to a more affordable policy. Having so many companies to choose from that have affordable insurance for a Ford Edge in Indianapolis, it can be impossible to pick the most cost effective car insurance provider.
Finding and buying affordable car insurance policy in Indianapolis is not as hard as you think. If you're already insured or just want to reduce your rates, you can follow these tips to shop for the lowest rates without reducing coverage. Shoppers only have to learn the fastest way to compare insurance rates from many different companies online.
Best Ford Edge insurance rates in Indiana
The providers in the list below are our best choices to provide quotes in Indianapolis, IN. If multiple companies are shown, we recommend you compare several of them in order to find the most affordable rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Edge SE 2WD||$100||$186||$294||$18||$88||$686||$57|
|Edge SE AWD||$202||$494||$364||$22||$110||$1,192||$99|
|Edge SEL 2WD||$150||$288||$286||$16||$86||$826||$69|
|Edge Limited 2WD||$90||$190||$264||$16||$80||$640||$53|
|Edge SEL AWD||$140||$272||$290||$18||$86||$806||$67|
|Edge Limited AWD||$186||$422||$294||$18||$88||$1,008||$84|
|Edge Sport 2WD||$234||$504||$286||$16||$86||$1,126||$94|
|Edge Sport AWD||$234||$504||$286||$16||$86||$1,126||$94|
|Get Your Own Custom Quote Go|
Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in specific garaging location which can decrease or increase premiums considerably.
Bad driving habits will cost you more
The information below illustrates how traffic citations and at-fault accidents can drive up Ford Edge insurance rates for different insured age categories. The data is based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.
Should you buy full coverage?
The information below shows the difference between Ford Edge insurance costs with full physical damage coverage compared to only buying liability only. The prices are based on no tickets, no at-fault accidents, $1,000 deductibles, single female driver, and no discounts are taken into consideration.
Guidelines for dropping full coverage
There is no written rule for phasing out comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let's pretend your Ford Edge replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $8,000 after paying the physical damage deductible. If you are paying more than $800 a year for physical damage coverage, then you may want to consider only buying liability coverage.
There are some scenarios where dropping physical damage coverage is not financially feasible. If you still have a lienholder on your title, you are required to maintain full coverage to protect the lienholder's interest. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should maintain full coverage.
An analysis of deductible level
The diagram below shows how choosing a deductible and can increase or decrease Ford Edge insurance rates for different age groups. Data assumes a single female driver, comprehensive and collision coverage, and no policy discounts are applied.
Affordable rates on Ford Edge insurance in Indianapolis with these discounts
Insurance is neither fun to buy or cheap, but you might find some hidden discounts to reduce the price significantly. Certain credits will be shown at quote time, but some must be requested specifically before being credited.
- Payment Method - If you pay your bill all at once instead of monthly or quarterly installments you can avoid the installment charge.
- No Claims - Insureds who avoid accidents and claims get the best insurance rates as opposed to frequent claim filers.
- Fewer Miles Equal More Savings - Low mileage vehicles could be rewarded with cheaper insurance rates.
- Home Ownership Discount - Just owning your own home can save a few bucks because maintaining a house requires personal responsibility.
- Passive Restraint Discount - Vehicles equipped with air bags or motorized seat belts could see savings as much as 30%.
As a sidenote, most of the big mark downs will not be given the the whole policy. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, you're out of luck. But any discount will bring down the amount you have to pay.
Large insurance companies and a partial list of their discounts are outlined below.
- State Farm has discounts for good driver, Drive Safe & Save, student away at school, multiple autos, and driver's education.
- American Family offers discounts for Steer into Savings, early bird, good student, TimeAway discount, bundled insurance, and air bags.
- AAA includes discounts for pay-in-full, multi-car, good driver, education and occupation, multi-policy, AAA membership discount, and anti-theft.
- GEICO may include discounts for military active duty, emergency military deployment, anti-lock brakes, membership and employees, seat belt use, five-year accident-free, and federal employee.
- Mercury Insurance offers premium reductions for location of vehicle, good driver, low natural disaster claims, annual mileage, and multi-car.
- Farmers Insurance may offer discounts for teen driver, mature driver, alternative fuel, multi-car, electronic funds transfer, youthful driver, and business and professional.
- Progressive may have discounts that include good student, online quote discount, multi-policy, online signing, continuous coverage, and homeowner.
If you are trying to find cheaper Indianapolis car insurance quotes, ask all the companies which discounts you qualify for. Some of the earlier mentioned discounts may not be available in Indianapolis. To view insurance companies with significant discounts in Indianapolis, follow this link.
Lower the Price of Auto Insurance with These Tips
Part of the auto insurance buying process is learning a few of the rating criteria that aid in calculating the level of your policy premiums. If you have some idea of what impacts premium levels, this enables you to make decisions that can earn you big savings. Many different elements are part of the calculation when premium rates are determined. Most are fairly basic such as traffic violations, although others are more transparent like your continuous coverage or how safe your car is.
Listed below are just a few of the factors utilized by car insurance companies to help set your prices.
Insure car and home with the same company - Most insurers will give a discount to buyers who buy several policies from them, otherwise known as a multi-policy discount. Discounts can add up to ten or even fifteen percent. Even if you qualify for this discount already, it's still a good idea to comparison shop to confirm you are receiving the best rates possible.
Cut prices and deter theft - Buying a car that has an advanced theft prevention system can save you some money. Advanced theft deterrents like OnStar, LoJack tracking, and tamper alarms can thwart your vehicle from being stolen.
Get better rates if married - Being married can get you a discount on your policy. Having a spouse translates into being more mature than a single person and statistics show married drivers tend to have fewer serious accidents.
Excellent credit means lower rates - Having a bad credit history will be a significant factor in determining premium rates. Drivers who have high credit scores tend to be more responsible than drivers with worse credit. If your credit rating is not that good, you may save money insuring your Ford Edge by taking the time to improve your credit score.
Higher rates for specific vocations - Careers like military generals, social workers and miners generally have the highest average rates in part from intense work requirements and lots of time spent at work. On the other hand, jobs like actors, students and retirees pay the least.
Long commutes cost more - The higher the miles on your Ford in a year's time the higher your rates will be. A lot of insurance companies price each vehicle's coverage partially by how you use the vehicle. Cars and trucks that are left in the garage can be on a lower rate level than vehicles that are driven to work every day. Make sure your auto insurance policy reflects the correct driver usage. Having an incorrect usage rating on your Edge is just wasting money.
Ford Edge insurance loss probability - Insurance companies take into consideration insurance loss statistics for every vehicle when they file their rates in each state. Vehicles that the data shows to have higher loss trends will cost more for specific coverages. The information below illustrates the historical loss data for Ford Edge vehicles.
For each type of coverage, the loss probablilty for all vehicles, as a total average, is equal to 100. Values that are under 100 suggest a positive loss record, while numbers above 100 indicate frequent claims or statistically larger losses.
Auto Insurance Loss Data for Ford Edge Models
|Vehicle 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|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Getting quotes from local Indianapolis insurance agents
A lot of people just want to sit down and talk to an agent and that is recommended in a lot of cases Agents are highly skilled in risk management and help submit paperwork. A nice benefit of comparing rates online is the fact that you can find better rates and still buy from a local agent. And providing support for neighborhood agents is definitely important in Indianapolis.
After filling out this form (opens in new window), your coverage information is immediately sent to local insurance agents that can give you free Indianapolis car insurance quotes and help you find cheaper coverage. You won't even need to contact any insurance agencies since rate quotes are delivered to you. In the event you want to get a rate quote from a specific insurance provider, you can always search and find their rate quote page and submit a quote form there.
Exclusive and independent Indianapolis car insurance agents
If you want to buy insurance from a local Indianapolis insurance agency, it's helpful to know the types of insurance agents from which to choose. Insurance agents in Indianapolis may be either independent (non-exclusive) or exclusive. Both types of agents can write insurance policies, but it's good to learn the difference in how they write coverage because it can influence the selection process.
Independent Insurance Agents (or Brokers)
Agents in the independent channel do not have single company limitations and that enables them to quote your coverage with many different companies and find you the best rates. If your agent finds better pricing, the agent simply finds a different carrier which requires no work on your part.
If you need lower rates, we highly recommend that you include rate quotes from a couple of independent agencies to get the best comparison.
Featured below are Indianapolis independent agencies that may be able to provide price quote information.
Affordable Insurance Agency
10 S Mickley Ave - Indianapolis, IN 46241 - (317) 484-9195 - View Map
Exclusive Insurance Agents
Agents that elect to be exclusive normally can only provide a single company's rates and examples are State Farm, Allstate and AAA. These agents are not able to compare rates from other companies so they have to upsell other benefits. Exclusive insurance agents are usually quite knowledgeable in insurance sales and that can be a competitive advantage.
Listed below are exclusive insurance agents in Indianapolis willing to provide comparison quotes.
Finding a good insurance agency requires more thought than just a cheap price. These are some valid questions you should ask.
- Can you choose the body shop in case repairs are needed?
- Will they give you a referral list?
- Is the agent CPCU or CIC certified?
- Will one accident increase rates?
- If they are an independent agency in Indianapolis, which companies do they recommend?
Cheaper auto insurance premiums are possible
We just presented quite a bit of information on how to lower your Ford Edge insurance premium rates in Indianapolis. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the best premium rates are with an unexpected company. These smaller insurers can often provide lower prices in certain areas as compared to the big name companies such as Allstate and Progressive.
Affordable Ford Edge insurance in Indianapolis can be purchased on the web as well as from insurance agents, so you should compare both in order to have the best chance of saving money. A few companies don't offer online rate quotes and usually these small insurance companies provide coverage only through independent insurance agencies.
To learn more, link through to the following helpful articles:
- Crash Avoidance Technologies FAQ (iihs.org)
- Who Has Cheap Car Insurance for Drivers Under 21 in Indiana? (FAQ)
- Who Has Affordable Indiana Auto Insurance for High Mileage Drivers? (FAQ)
- Who Has Affordable Car Insurance Rates for a Toyota RAV4 in Indiana? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Toyota Tundra in Indiana? (FAQ)
- What if I Can't Find Coverage? (Insurance Information Institute)
- Electronic Stability Control FAQ (iihs.org)
- Comprehensive Coverage (Liberty Mutual)
- What are my Rights when Filing a Claim? (Insurance Information Institute)