Are you kicking yourself for buying an expensive auto insurance policy? It’s quite common and many drivers feel the same as you. Insurance companies such as Geico, Farmers Insurance and State Farm constantly bombard you with TV and radio ads and it can be hard to ignore the promise of big savings and find the best price available.
It’s a good habit to compare rates before your policy renews since rates tend to go up over time. Just because you found the best premium rates on Edge coverage at your last renewal a different company probably has better prices today. Forget all the misinformation about auto insurance because you’re about to learn the easiest way to lower your rates without sacrificing coverage.
There are a variety of methods to compare insurance coverage quotes, but one way is easier and takes less work. You could waste time talking about coverages with agents in your area, or you can utilize online quoting to accomplish the same thing much quicker.
All the larger companies belong to an insurance system where prospective buyers complete one form, and each company can give them a price based on that data. This saves time by eliminating repetitive form submissions to each individual insurance coverage company.
To submit your quote information now, click here (opens in new window).
The single downside to comparing rates this way is buyers cannot specifically choose which insurance companies to get quotes from. So if you prefer to pick specific providers to compare, we have a listing of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.
Take whichever approach you prefer, but compare identical quote information with each company. If the quotes have different deductibles then you won’t be able to make an equal comparison.
Properly insuring your vehicles can get expensive, but there are discounts available that you may not even be aware of. Certain discounts will be triggered automatically when you get a quote, but some discounts are required to be asked about before you will receive the discount. If you don’t get every credit available, you’re paying more than you need to.
As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Some only reduce individual premiums such as comp or med pay. Just because you may think adding up those discounts means a free policy, it’s just not the way it works.
A partial list of companies that may have some of the discounts shown above include:
When comparing rates, check with each company or agent which discounts they offer. A few discounts might not be available to policyholders in your area. For a list of providers who offer free car insurance quotes, follow this link.
Lots of things are used when you quote your car insurance policy. Some factors are common sense like an MVR report, although others are less obvious such as your credit history or your commute time.
When it comes to choosing the best car insurance coverage, there is no perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions can help discover whether you may require specific advice.
If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.
Consumers constantly see and hear ads that promise big savings from the likes of 21st Century, Allstate and State Farm. They all advertise the message that drivers can save some big amount after switching your insurance coverage coverage to their company.
But how can every company save you money?
Most companies have strict underwriting profiles for the type of customer they prefer to insure. A good example of a desirable insured could possibly be a married male, has a clean driving record, and chooses high deductibles. Anyone that fits those parameters receive the lowest rate quotes and have a good chance to save when they switch companies.
Consumers who may not quite match those standards will be charged a higher premium which usually ends up with business not being written. The wording the ads use say “customers that switch” but not “all drivers who get quotes” save money. This is how insurance companies can confidently advertise the way they do.
This emphasizes why it is so important to get a wide range of price quotes. It’s not possible to predict with any certainty which company will give you the biggest savings.
Learning about specific coverages of auto insurance aids in choosing the right coverages and proper limits and deductibles. Auto insurance terms can be confusing and coverage can change by endorsement. Listed below are typical coverages found on most auto insurance policies.
Coverage for uninsured or underinsured drivers
Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Ford Edge.
Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Liability auto insurance
Liability insurance can cover injuries or damage you cause to people or other property by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.
Liability coverage pays for things like pain and suffering, structural damage and emergency aid. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.
Coverage for medical expenses
Med pay and PIP coverage kick in for short-term medical expenses for rehabilitation expenses, X-ray expenses, funeral costs, EMT expenses and doctor visits. The coverages can be utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible
Collision insurance
Collision coverage pays to fix your vehicle from damage caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against things such as sideswiping another vehicle, hitting a mailbox, hitting a parking meter, crashing into a building and rolling your car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.
Comprehensive auto insurance
This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like vandalism, damage from a tornado or hurricane and hail damage. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
We’ve covered many tips how you can lower your 2018 Ford Edge insurance prices. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding affordable auto insurance. Consumers could even find that the lowest prices are with a small mutual company. These smaller insurers may cover specific market segments cheaper than their larger competitors like Allstate or State Farm.
Some companies may not have online rate quotes and most of the time these smaller providers provide coverage only through independent agents. Cheap 2018 Ford Edge insurance is possible from both online companies in addition to local insurance agencies, so you should be comparing quotes from both to get a complete price analysis.
When trying to cut insurance costs, it’s a bad idea to reduce coverage to reduce premium. In many cases, an accident victim reduced physical damage coverage only to find out that the savings was not a smart move. Your objective should be to buy the best coverage you can find at the best possible price, but do not skimp to save money.
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