How to Compare Memphis Ford Edge Insurance

It’s a known fact that insurance companies don’t want policyholders to compare prices from other companies. People who perform rate comparisons are likely to switch to a new company because there is a significant possibility of finding a cheaper policy. Remarkably, a study showed that people who shopped around annually saved an average of $860 a year compared to drivers who never shopped around for lower prices.

If saving the most money on Ford Edge insurance is your ultimate target, learning how to quote prices and compare insurance premiums can make shopping around easier.

Insurance rates Ford Edge in MemphisIf you want to save the most money, the best way to save money on Ford Edge insurance in Memphis is to compare prices at least once a year from providers who sell auto insurance in Tennessee. You can shop around by following these steps.

First, get an understanding of what is in your policy and the factors you can control to drop your rates. Many rating factors that are responsible for high rates such as inattentive driving and bad credit can be controlled by improving your driving habits or financial responsibility.

Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive and State Farm, while independent agents can quote rates for many different companies. View prices

Third, compare the price quotes to your current policy to determine if switching companies saves money. If you find a better price and buy the policy, ensure coverage does not lapse between policies.

One key aspect of rate comparisons is to use the same coverage limits and deductibles on every price quote and and to get rate quotes from as many carriers as you can. Doing this provides a fair rate comparison and the most accurate and complete price analysis.

If you have a policy now or just want to reduce your rates, you can use these tips to get lower rates and still have adequate protection. Getting quotes for the most affordable policy in Memphis is easy if you know what you’re doing. Drivers just have to learn the proper way to get comparison rates from many companies at once.

The companies shown below provide quotes in Memphis, TN. To get the cheapest car insurance in Memphis, we suggest you compare several of them in order to get a fair rate comparison.

Insurance data for a Ford Edge

The rate information below outlines different coverage costs for Ford Edge models. Learning a little about how insurance premiums are figured can help you make smart choices when purchasing an insurance policy.

Ford Edge Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Edge SE 2WD $104 $190 $326 $20 $98 $738 $62
Edge SE AWD $104 $232 $326 $20 $98 $780 $65
Edge SEL 2WD $104 $232 $326 $20 $98 $780 $65
Edge Limited 2WD $104 $232 $326 $20 $98 $780 $65
Edge SEL AWD $104 $232 $326 $20 $98 $780 $65
Edge Limited AWD $118 $274 $326 $20 $98 $836 $70
Edge Sport 2WD $118 $274 $326 $20 $98 $836 $70
Edge Sport AWD $118 $274 $326 $20 $98 $836 $70
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium amounts do not factor in your specific Memphis location which can raise or lower insurance rates significantly.

The diagram below illustrates how your deductible choice and can affect Ford Edge annual premium costs for each age group. The rates are based on a married male driver, full coverage, and no other discounts are factored in.

Annual premiums comparing men and women in Memphis

The diagram below illustrates the difference between Ford Edge car insurance costs for male and female drivers. The data is based on no violations or accidents, full coverage, $250 deductibles, single marital status, and no other discounts are factored in.

Informed Drivers Save Money

Multiple criteria are used in the calculation when quoting car insurance. A few of the factors are predictable such as traffic violations, but other factors are more obscure like where you live or how safe your car is.

Listed below are just a few of the factors that factor into premiums.

Alarm systems lowers car insurance rates – Selecting a car model with a theft deterrent system can save you some money. Advanced theft deterrents like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping vehicle theft.

Poor credit decisions can cost you – Having a bad credit history is a large factor in calculating your premium rate. Drivers with very good credit scores tend to be more responsible than those with poor credit scores. Therefore, if your credit history can use some improvement, you could be paying less to insure your Ford Edge by improving your rating.

Don’t buy extra coverages you don’t need – There are a lot of optional add-on coverages you can purchase if you aren’t diligent. Coverages like rental car coverage, better glass coverage, and motor club memberships may be costing you every month. They may seem like a good idea initially, but if you’ve never needed them in the past get rid of them and save.

Be proud to be claim-free – If you are the type of insured that files lots of claims you can pretty much guarantee higher premiums or even policy non-renewal. Insurance companies in Tennessee give discounts to drivers that do not abuse their auto insurance. Your car insurance is intended for the bigger claims that can’t be paid out-of-pocket.

Vehicles with better crash test results means cheaper rates – Cars with high safety ratings tend to have better insurance rates. Vehicles built for safety result in less severe injuries and fewer serious injuries translates into savings for insurance companies and more competitive rates for policyholders.

High deductibles reduce premiums – Protection for physical damage, also known as collision and other-than-collision, is used to repair damage to your Ford. Some examples of covered claims could be a broken windshield, hitting a deer, and damage caused by flying debris. The deductibles tell how much you are willing to pay before a claim is paid by your company. The more the insured has to pay upfront, the bigger discount you will receive.

Insurance loss statistics a Ford Edge – Companies analyze the history of losses when they file their rates in each state. Models that have higher frequency or amount of claims will cost more to insure.

The table shown below demonstrates the compiled insurance loss statistics for Ford Edge vehicles. For each coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, is equal to 100. Numbers below 100 suggest a positive loss record, while percentage numbers above 100 indicate higher probability of having a loss or an increased probability of a larger loss.

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

Three reasons to insure your Ford Edge

Despite the potentially high cost of Ford Edge insurance, buying auto insurance is a good idea for several reasons.

First, just about all states have mandatory liability insurance requirements which means state laws require a minimum amount of liability insurance in order to drive the car legally. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if you took out a loan on your Ford Edge, most banks will make it mandatory that you have physical damage coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the bank will be required to insure your Ford at a much higher premium rate and require you to fork over for it.

Third, insurance protects both your assets and your Ford Edge. It will also provide coverage for medical bills that are the result of an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your policy will pay to repair the damage minus the deductible amount.

The benefits of buying enough insurance outweigh the cost, especially if you ever need it. Despite what companies tell you, the average driver overpays more than $855 a year so compare quotes from several companies each time the policy renews to be sure current rates are still competitive.