Cheap Insurance for a Ford Edge in Indianapolis

The preferred way to quote cheaper auto insurance rates is to compare quotes annually from companies in Indianapolis.

• First, spend a few minutes and learn about individual coverages and the things you can change to keep rates down. Many policy risk factors that cause rate increases such as careless driving and your credit history can be controlled by making minor driving habit or lifestyle changes. Continue reading for additional tips to find cheap rates and get bigger discounts.
• Second, request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agencies can quote rates from multiple companies.
• Third, compare the new quotes to your current policy premium to see if cheaper Edge coverage is available in Indianapolis. If you can save some money and change companies, ensure coverage does not lapse between policies.

The key thing to remember is to make sure you enter similar coverage information on each quote and and to look at every company you can. Doing this ensures a fair rate comparison and many rates to choose from.

Smart shoppers know that auto insurance companies want to keep your business as long as possible. Consumers who do rate comparisons are very likely to switch insurance companies because they have a good chance of finding a cheaper policy. A recent insurance study discovered that people who made a habit of comparing rate quotes saved an average of $3,400 over four years as compared to drivers who never compared prices.

If finding low prices for Ford Edge insurance in Indianapolis is your ultimate goal, then learning a little about how to choose a company and compare insurance rates can make shopping around easier.

Informed Consumers Save on Insurance

The best way to find cheaper auto insurance is to take a look at some of the elements that are used to determine the price you pay for auto insurance. If you have a feel for what controls the rates you pay, this allows you to make good choices that may result in cheaper rates.

Policy add-ons add up – Insurance companies have many extra add-on coverages that may not really be needed but may not be useful. Coverages like replacement cost coverage, towing coverage, and extra life insurance coverage could be just wasting money. They may seem like a good idea initially, but if you don’t need them eliminate the coverages to reduce your premium.

Cautious drivers pay lower rates – How you drive has a lot to do with how much you pay for insurance. Even one driving citation can boost insurance rates by as much as twenty percent. Attentive drivers tend to pay less for car insurance than people who have multiple driving citations. Drivers unfortunate enough to have flagrant citations like DUI or willful reckless driving may need to submit a SR-22 or proof of financial responsibility with their state DMV in order to legally drive a vehicle.

The example below demonstrates how speeding tickets and at-fault fender-benders can impact Ford Edge insurance prices for different age groups. The rate quotes are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

Gender and auto insurance costs – Over time, data shows that females take fewer risks when driving. The data does not necessarily mean that men are WORSE drivers than women. Both genders are responsible for auto accidents at a similar rate, but guys have costlier accidents. Not only that, but men also get higher numbers of serious violations like DWI (DUI) or reckless driving. Males from age 16 to 21 tend to get in the most accidents and thus pay the highest rates.

The example below compares Ford Edge insurance premiums for male and female drivers. The premium estimates are based on no accidents or driving violations, comprehensive and collision coverage, $100 deductibles, single marital status, and no policy discounts are applied.

Deter vehicle theft – Selecting a car model that has an advanced theft prevention system can help bring down rates. Systems that thwart thieves such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent vehicle theft.

Increase coverage deductibles to save – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Ford. Some coverage claims are a windshield shattered by a rock, damage caused by hail, and damage caused by flying debris. Comp and collision deductibles define how much you are required to spend if the claim is covered. The more money you are required to pay out-of-pocket, the bigger discount you will receive.

Cars with good safety ratings save money – Safer cars can get you lower premiums. Safe vehicles help reduce the chance of injuries in an accident and better occupant protection means less claims paid and thus lower rates.

Ford Edge insurance loss probability – Auto insurance companies analyze historical claim data to help calculate premium prices. Models that statistically have higher losses will have higher rates. The next table illustrates the loss history for Ford Edge vehicles.

For each type of coverage, the statistical loss for all vehicles, regardless of make, model or trim level, equals 100. Percentage values below 100 suggest a better than average loss history, while numbers above 100 point to more frequent losses or an increased probability of a larger loss.

Buy Indianapolis Ford Edge insurance online

Finding a lower price on insurance is surprisingly easy. All you need to do is take a couple of minutes comparing price quotes from different insurance companies.

The following companies have been selected to offer comparison quotes in Indiana. If the list has multiple companies, we recommend you visit several of them in order to get a fair rate comparison.

Rate information and statistics

The data table displayed below outlines detailed analysis of insurance coverage prices for Ford Edge models. Learning as much as possible about how premiums are determined is important for making decisions on which coverage to buy.

Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Premium costs do not factor in vehicle garaging location which can revise coverage prices greatly.

Analysis of deductible levels

When comparing insurance rates, the most common question is how high should the physical damage coverage deductibles be. The comparison tables below may help you to understand the rate differences when you choose different policy deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second price grid uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate quotes do not factor in specific location information which can influence rates noticeably.

Based on these figures, using a $250 deductible could cost the average driver approximately $20 more each month or $240 annually than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 38 months between claim filings, you would save more money by selecting a higher deductible.

An important thing to remember is that a higher deductible level means you will have to pay more when you do file a claim. That will necessitate access to more funds in order to pay the higher deductible.

Ford Edge full coverage rates compared to liability only

The diagram below visualizes the comparison of Ford Edge yearly insurance costs with full physical damage coverage and with liability coverage only. The information is based on no claims or violations, $100 deductibles, drivers are single, and no policy discounts are applied.

Should you pay for full coverage or liability only?

There is no specific rule of when to drop full coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s say your Ford Edge replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $4,000 after you pay the deductible. If premiums are more than $400 a year for physical damage coverage, then it might be time to consider dropping full coverage.

There are a few situations where dropping full coverage is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.

Choosing the best Edge insurance in Indiana is an important decision

Despite the potentially high cost of Ford Edge insurance, insuring your vehicle may be required and benefits you in several ways.

• Just about all states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability insurance coverage if you drive a vehicle. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you bought your vehicle with a loan, most banks will make it mandatory that you have full coverage to guarantee loan repayment. If you cancel or allow the policy to lapse, the lender may insure your Ford at a much higher rate and force you to reimburse them a much higher amount than you were paying before.
• Insurance safeguards your Ford and your assets. It will also reimburse you for many types of medical costs incurred in an accident. One policy coverage, liability insurance, will also pay to defend you if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to have it repaired.

The benefits of buying car insurance greatly outweigh the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $855 a year so you should quote rates each time the policy renews to ensure rates are competitive.

Discount Indianapolis insurance quotes

Insuring your vehicles can cost a lot, but companies offer discounts that could drop your premiums quite a bit. A few discounts will automatically apply at the time you complete a quote, but a few must be requested specifically prior to getting the savings. If they aren’t giving you every credit available, you could be getting lower rates.

• Driver Education Discount – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in school or through a local driver safety program.
• Defensive Driver – Completing a defensive driver course is a good idea and can lower rates if your company offers it.
• Theft Deterrent Discount – Cars that have factory anti-theft systems are less likely to be stolen and qualify for as much as a 10% discount.
• Accident Forgiveness – This one is not really a discount per se, but some companies like Liberty Mutual, Allstate and State Farm will let one accident slide without raising rates so long as you are claim-free for a particular time prior to the accident.
• Seat Belts Save more than Lives – Drivers who require all vehicle occupants to buckle up before driving may be able to save a few bucks on the premium charged for medical payments and/or PIP.
• Discount for New Cars – Buying insurance coverage on a new vehicle can cost up to 25% less because new vehicles keep occupants safer.

A quick disclaimer, many deductions do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as collision or personal injury protection. Even though it appears adding up those discounts means a free policy, companies wouldn’t make money that way.

The information below shows the comparison of Ford Edge auto insurance rates with and without discounts applied to the policy rates. The rate quotes are based on a female driver, a clean driving record, no claims, Indiana state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, claim-free, marriage, homeowner, and multi-car discounts applied.

Popular insurance companies and a summarized list of policyholder discounts are included below.

• Mercury Insurance includes discounts for professional/association, multi-policy, annual mileage, ease of repair, low natural disaster claims, and accident-free.
• Farmers Insurance has savings for pay in full, early shopping, alternative fuel, good student, distant student, and teen driver.
• Farm Bureau policyholders can earn discounts including renewal discount, 55 and retired, youthful driver, driver training, multi-vehicle, good student, and safe driver.
• State Farm discounts include multiple autos, Steer Clear safe driver discount, driver’s education, passive restraint, and safe vehicle.
• Allstate may offer discounts for resident student, utility vehicle, premier discount, eSmart discount, FullPay discount, multi-policy, and early signing.
• GEICO may include discounts for military active duty, membership and employees, driver training, five-year accident-free, and anti-lock brakes.

Double check with each insurance company what discounts are available to you. Some of the earlier mentioned discounts might not be available to policyholders in every state.

Insurance agencies can find coverage gaps

Some people prefer to get advice from a local agent and that is a smart decision Good agents can answer important questions and give you someone to call. A nice benefit of comparing rates online is that drivers can save money and get lower rates but still work with a licensed agent. Buying from local insurance agencies is important especially in Indianapolis.

Upon completion of this short form, the coverage information is instantly submitted to local insurance agents in Indianapolis who will give you bids and help you find cheaper coverage. There is no need to contact an agency as quotes are delivered to the email address you provide. In the event you want to get a rate quote from a specific company, you would need to visit that company’s website and complete a quote there.

If you prefer to buy insurance from a good insurance agency, you must know there are a couple types of insurance agents and how they can quote your rates. Agencies in Indianapolis are either exclusive or independent (non-exclusive). Either one can do a good job, but it’s worth learning how they are different since it could factor into your agent selection.

Independent Agencies or Brokers

Agents that choose to be independent are not restricted to one company and that is an advantage because they can write policies through many different insurance companies and potentially find a lower price. If you are not satisfied with one company, they can switch companies in-house and you don’t have to find a new agent. When comparing rates, it’s recommended you contact multiple independent agents so that you have a good selection of quotes to compare. Many independent agencies also insure through smaller companies that can offer cheaper rates than bigger companies.

Shown below is a small list of independent agents in Indianapolis who may be able to give you free rate quotes.

• McGowan Insurance Group, Inc.
  355 Indiana Ave – Indianapolis, IN 46204 – (317) 464-5000 – View Map
• Indiana Discount Insurance
  5502 N Keystone Ave – Indianapolis, IN 46220 – (317) 863-0349 – View Map
• Burns Insurance Agency – Commercial, Personal and Transportation Insurance Specialists
  1433 N Meridian St – Indianapolis, IN 46202 – (317) 377-1100 – View Map

View more Indianapolis agents

Exclusive Insurance Agents

Exclusive insurance agents are contracted to one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. They usually cannot provide other company’s prices so keep that in mind. They are well trained on what they offer which helps overcome the inability to quote other rates. Some consumers prefer to choose to use an exclusive agent mainly due to the brand rather than having the cheapest rates.

Below is a short list of exclusive insurance agencies in Indianapolis that can give you price quote information.

• Adam Krockenberger – State Farm Insurance Agent
  5685 Lafayette Rd #700 – Indianapolis, IN 46254 – (317) 387-9182 – View Map
• Farmers Insurance
  2229 Martin Luther King Jr St – Indianapolis, IN 46208 – (317) 925-5557 – View Map
• Allstate Insurance: Scott Verbarg
  6120 E Thompson Rd Ste B – Indianapolis, IN 46237 – (317) 802-1550 – View Map

View more Indianapolis agents

Choosing an car insurance agent should include more criteria than just a cheap price. Here are some questions you should ask.

• How often do they review coverages?
• Is working in the agency their full-time job?
• Which insurance company do they prefer to write with?
• Can you use your own choice of collision repair facility?
• Do they regularly work with personal auto policies in Indianapolis?

Do the work, save more money

Insureds change insurance companies for a variety of reasons including denial of a claim, high prices, high rates after DUI convictions or even an unsatisfactory settlement offer. Regardless of your reason, choosing a new insurance company can be easier than you think.

Some insurance companies may not have online price quotes and most of the time these regional insurance providers provide coverage only through independent agents. More affordable auto insurance in Indianapolis is possible on the web as well as from independent agents in Indianapolis, and you need to comparison shop both in order to have the best price selection to choose from.

While you’re price shopping online, never buy poor coverage just to save money. There have been many situations where an insured dropped full coverage only to find out they didn’t purchase enough coverage. Your goal is to find the BEST coverage at the best possible price while not skimping on critical coverages.

Much more information about auto insurance in Indiana can be read at the links below

• Older Driver Statistics (Insurance Information Institute)
• How Much are Indianapolis Auto Insurance Rates for a Jeep Wrangler? (FAQ)
• What Car Insurance is Cheapest for a Nissan Sentra in Indianapolis? (FAQ)
• Who Has Cheap Indianapolis Auto Insurance Quotes for Welfare Recipients? (FAQ)
• Who Has the Cheapest Indianapolis Auto Insurance Rates for Safe Drivers? (FAQ)
• Side Impact Crash Tests (iihs.org)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)