How Much Does 2008 Ford Edge Car Insurance Cost?

Trying to find better auto insurance rates for your Ford Edge? Having to pay for overpriced Ford Edge insurance can drain your savings account and force you to prioritize other expenses. Doing a price comparison is a great way to cut your insurance bill.

Consumers have many insurance companies to buy insurance from, and even though it’s nice to have a choice, so many choices can make it hard to find a good deal.

Finding the best rates is not rocket science. If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using this information. But vehicle owners do need to understand the way insurance companies price online insurance and take advantage of how the system works.

Discounts mean cheaper 2008 Ford Edge insurance rates

Companies don’t always list all their discounts very clearly, so we took the time to find both the well known and the more hidden discounts you could be receiving.

  • Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
  • Drive Safe and Save – Drivers who avoid accidents can get discounts for up to 45% lower rates for Edge insurance than drivers with accidents.
  • Senior Discount – Mature drivers may receive reduced rates for Edge insurance.
  • Employee of Federal Government – Employees or retirees of the government may qualify you for a discount for Edge insurance depending on your company.
  • Claim Free – Claim-free drivers can save substantially when compared with drivers who are more careless.
  • Student in College – Any of your kids who live away from home and do not have access to a covered vehicle can receive lower rates.
  • Auto/Life Discount – Larger companies have better rates if you take out a life insurance policy as well.
  • Memberships – Affiliation with a qualifying organization is a good way to get lower rates on insurance coverage for Edge insurance.
  • Driver Safety – Taking a course in driver safety could cut 5% off your bill depending on where you live.
  • Theft Prevention System – Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.

A little note about advertised discounts, most discount credits are not given the the whole policy. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears it’s possible to get free car insurance, it doesn’t quite work that way.

For a list of companies offering insurance coverage discounts, click here.

How to Lower Your Insurance Cost

The are a couple different ways of comparing price quotes from local insurance companies. The easiest way by far to compare 2008 Ford Edge insurance prices consists of shopping online. It is quite easy and can be accomplished in a couple of different ways.

The fastest way to compare a lot of rates at once is an all-inclusive rate comparison like this one (opens in new window). This type of form saves time by eliminating separate quotes for each company you want a rate for. A single, simple form will return price quotes direct from many companies.

A slightly less efficient method to get quotes online consists of visiting the website of each company and request a quote. For sake of this example, we’ll pretend you want to compare rates from Geico, State Farm and Farmers. To find out each rate you need to spend time on each company’s site and enter your policy data, and that’s why the first method is more popular.

To view a list of companies in your area, click here.

The least efficient way of getting rate comparisons is to drive around to insurance agents’ offices. The ability to buy insurance online makes this process obsolete unless you require the personal advice only provided by licensed agents. However, consumers can comparison shop online but buy from a local insurance agent and you’ll learn how to do that later.

It’s up to you how you get prices quotes, just ensure you’re using identical quote information for every quote you compare. If you are comparing different liability limits it will be impossible to determine the lowest rate for your Ford Edge. Slightly different coverages can mean a large discrepancy in price. It’s important to know that comparing a large number of companies helps locate lower pricing.

Factors determining your Ford Edge insurance premium

Consumers need to have an understanding of the factors that go into determining the price you pay for car insurance. Knowing what impacts premium levels empowers consumers to make smart changes that may reward you with better car insurance rates.

Listed below are a few of the “ingredients” used by your company to calculate rates.

  • Cautious drivers pay less – Even one citation can increase rates by as much as thirty percent. Good drivers tend to pay less for car insurance compared to drivers with tickets. If you have flagrant violations like DWI, reckless driving or hit and run convictions may find they need to file a SR-22 with the DMV in their state in order to keep their license.
  • Low deductibles can be expensive – Your deductibles represent how much money you are required to spend out-of-pocket before your car insurance pays a claim. Physical damage coverage, also known as collision and other-than-collision, insures against damage to your car. Some examples of claims that would be covered would be colliding with a building, vandalism, or theft. The more money the insured has to pay upfront, the lower your rates will be for Edge insurance.
  • Males pay more for insurance – Statistics demonstrate women are more cautious behind the wheel. However, don’t assume that women are better drivers. Both sexes are in accidents at a similar rate, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get more serious tickets like DUI and reckless driving.
  • Lower miles equals lower premium – The more you drive each year the higher your rate. Most companies apply a rate based on how the vehicle is used. Autos that are left in the garage receive lower rates than vehicles that are driven to work every day. Verify your car insurance policy shows the correct driver usage, because improper ratings can cost you money. If your policy improperly rates your Edge may be wasting your money.

Tailor your coverage to you

When it comes to choosing proper insurance coverage, there really is not a one size fits all plan. Every situation is different so this has to be addressed. For instance, these questions might help in determining whether or not you could use an agent’s help.

  • Should I sign the liability waiver when renting a car?
  • Do I need replacement cost coverage on my 2008 Ford Edge?
  • Am I getting all the discounts available?
  • Does coverage extend to Mexico or Canada?
  • Do I need rental car coverage?
  • Does liability extend to a camper or trailer?
  • Do I benefit by insuring my home with the same company?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Is other people’s property covered if stolen from my vehicle?
  • Do I need PIP coverage since I have good health insurance?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Auto insurance 101

Having a good grasp of your policy can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types available from insurance companies.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills like pain medications, EMT expenses and dental work. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. They cover both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your 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 should not be overlooked.

Liability

Liability coverage provides protection from injuries or damage you cause to a person or their property that is your fault. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

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

Liability coverage protects against claims such as pain and suffering, repair costs for stationary objects and funeral expenses. How much coverage you buy is up to you, but buy as much as you can afford.

Collision coverage

This pays for damage to your Edge resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as colliding with a tree, sustaining damage from a pot hole, colliding with another moving vehicle and driving through your garage door. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.

Comprehensive insurance

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as damage from flooding, damage from getting keyed, vandalism, hitting a deer and a broken windshield. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

One last thing

As you shop your coverage around, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many instances, drivers have reduced liability coverage limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The aim is to find the BEST coverage at an affordable rate while still protecting your assets.

We’ve covered some good ideas how to get a better price on 2008 Ford Edge insurance. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. You may even find the most savings is with the smaller companies. Some small companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm, Geico and Nationwide.

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