2007 Ford Edge Insurance Rates – 6 Ways to Save

Looking for the cheapest insurance rates for your Ford Edge? Have you had enough of paying out the nose to buy car insurance? You are no different than most other car owners. Having so many options when it comes to insurance, it can be hard to find the most cost effective insurer.

Consumers should take time to compare prices once or twice a year since insurance rates change regularly. Even if you got the best deal for Edge coverage a few years ago you can probably find a better price now. Ignore everything you know about insurance because I’m going to let you in on the secrets to one of the best ways to buy cheaper insurance.

Save with discounts on 2007 Ford Edge insurance

Auto insurance companies do not list every available discount in an easy-to-find place, so here is a list some of the best known and also the lesser-known auto insurance savings. If they aren’t giving you every credit possible, you are throwing money away.

  • Homeowners Savings – Simply owning a home may trigger a auto insurance policy discount because of the fact that having a home shows financial diligence.
  • Safety Course Discount – Taking part in a defensive driving course could cut 5% off your bill depending on where you live.
  • Good Student – Performing well in school can get you a discount of up to 25%. The discount lasts up to age 25.
  • Paperwork-free – Some insurance companies give back up to $50 just for signing your application over the internet.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control prevent accidents and qualify for as much as a 10% discount.
  • Anti-theft System – Vehicles with anti-theft systems can help prevent theft and earn discounts up to 10%.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates you can get free auto insurance, auto insurance companies aren’t that generous.

Companies that may offer these money-saving discounts include:

Before buying, ask each company how you can save money. Some discounts may not apply in your area.

Tailor your coverage to you

When choosing adequate coverage, there really is no one size fits all plan. Every insured’s situation is different so your insurance needs to address that. For instance, these questions could help you determine if you would benefit from professional advice.

  • Is my teen driver covered when they drive my company car?
  • Why does it cost so much to insure a teen driver?
  • Is rental equipment covered for theft or damage?
  • Can my babysitter drive my car?
  • What discounts do I qualify for?
  • Is business property covered if stolen from my car?
  • Should I drop comprehensive coverage on older vehicles?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Car insurance coverage breakdown

Understanding the coverages of your policy can help you determine which coverages you need and the correct deductibles and limits. Car insurance terms can be difficult to understand and reading a policy is terribly boring. Below you’ll find the normal coverages offered by car insurance companies.

Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for immediate expenses like dental work, EMT expenses, X-ray expenses, doctor visits and surgery. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Collision coverage – This covers damage to your Edge resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like scraping a guard rail, crashing into a ditch, rolling your car and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to bring the cost down.

UM/UIM Coverage – This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Ford Edge.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Liability car insurance – Liability coverage will cover damage or injury you incur to other’s property or people. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims like medical services, court costs, loss of income and funeral expenses. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.

Comprehensive or Other Than Collision – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as theft, a tree branch falling on your vehicle, damage from getting keyed, damage from flooding and falling objects. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Shop smart and save

When you buy insurance online, it’s a bad idea to sacrifice coverage to reduce premiums. There are too many instances where an insured cut uninsured motorist or liability limits to discover at claim time that the savings was not a smart move. Your aim should be to find the BEST coverage at the best price.

You just learned a lot of techniques to save on 2007 Ford Edge insurance. The most important thing to understand is the more price quotes you have, the higher your chance of finding lower rates. Consumers may even find the lowest rates come from some of the smallest insurance companies. These companies can often insure niche markets at a lower cost than their larger competitors like State Farm, Geico and Nationwide.

For more information, link through to the articles below: