Finding the best cheap auto insurance for a Ford Edge is pretty easy for most people, but it relies on a pretty complex algorithm that uses a lot of factors such as age of the vehicle, if you are a frequent claim filer, and whether or not you are a good driver. Pennsylvania drivers pay approximately $774 per year for Edge insurance, but that price is an approximation based on a 40-year-old married female driver with full comprehensive and collision coverage and $1,000 deductibles.
There’s a high likelihood you aren’t exactly 40 years old or even a female, possibly single instead of married, or maybe you want different physical damage deductibles. Just a minor difference in rating criteria can result in a large change in the cost of insuring your Edge.
Insurance is an individual thing, so the only real way to find affordable rates for your Ford is to just compare rates yourself.
Your vehicle’s trim level will have an impact the yearly cost, so the price you will pay to insure a Edge SE 2WD model will be $112 cheaper than the cost to insure the fancier Edge Sport AWD model, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Edge SE 2WD||$118||$218||$346||$20||$104||$806||$67|
|Edge SE AWD||$118||$264||$346||$20||$104||$852||$71|
|Edge SEL 2WD||$118||$264||$346||$20||$104||$852||$71|
|Edge Limited 2WD||$118||$264||$346||$20||$104||$852||$71|
|Edge SEL AWD||$118||$264||$346||$20||$104||$852||$71|
|Edge Limited AWD||$136||$312||$346||$20||$104||$918||$77|
|Edge Sport 2WD||$136||$312||$346||$20||$104||$918||$77|
|Edge Sport AWD||$136||$312||$346||$20||$104||$918||$77|
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Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price information does not factor in vehicle location which can alter price quotes substantially.
Insuring your vehicle with the highest-rated auto insurance provider can be challenging considering how many different insurance companies sell coverage in Pennsylvania. The ranking information shown below could help you pick which car insurance providers you want to consider comparing rate quotes with.
The ratings below are only comprised of major nationwide insurance companies, so companies without a large exposure are not included in these rankings. To compare price quotes from these and other competitive companies, click this link.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Full coverage rates vs. liability-only
Reducing the cost of insurance is important to most drivers, and one great way to reduce the cost of insurance for a Ford Edge is to buy liability only. The chart below shows the difference between yearly insurance costs with and without full coverage. Data assumes no claims or driving citations, $250 deductibles, marital status is single, and no discounts are applied to the premium.
If averaged out across all ages, physical damage insurance costs an extra $2,010 per year more than insuring for liability only. That is a big expense that brings up the question if it’s a good idea to buy full coverage. There is no specific rule of when to stop paying for comp and collision coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let’s pretend your vehicle’s book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after you pay the deductible. If it’s costing in excess of $700 a year for physical damage coverage, then it may be the right time to buy liability only.
You are probably paying too much for Edge insurance
Pennsylvania insurance rates are based on many factors which can significantly increase or decrease the cost of coverage. Simply getting older, buying a home instead of renting, or getting a ticket for careless driving can trigger changes in premium that can make some companies much cheaper than others.
Additionally, auto insurance companies change premium rates every year in order to protect their financial rating. Heavier than normal losses can result in higher priced premiums, while a lower level of claims can cause more affordable Edge insurance rates.
The graph below shows rates for the cheapest car insurance in Philadelphia, PA for a 30-year-old male driver with a clear driving record, no claims, and a high credit rating. Based on his current situation, General Casualty may have the cheapest car insurance rates in Philadelphia at $1,684 a year. This is $27 more than the average rate paid by Pennsylvania drivers of $1,657. Erie, Travelers, USAA, and Penn National are the remaining cheapest Philadelphia, PA auto insurance companies.
The next chart shows rates after we give the driver in the first chart an accident surcharge, poor credit, and an imperfect driving record. Since each auto insurer has a different formula to determine rates, analyzing rates may now show a different set of the cheapest Philadelphia car insurance companies as shown below.
Amica now has the best price in Philadelphia, PA with Atlantic States, Donegal Mutual, USAA, and GEICO also being competitive. This example demonstrates why it is important to perform an extensive rate comparison to get the most budget-friendly insurance quotes for a Ford Edge.
Insurance rates are determined by many different factors and change dramatically, so the best company the last time you shopped your coverage around may now be one of the more expensive options.
If you aren’t sure which coverage you need and prefer to have a professional recommendation when comparing insurance rates for a Ford Edge, the professional agents shown below are willing to provide answers to your questions and help you determine which coverage meets your needs best. To find an auto insurance agency using an interactive map, click the button below the list.
Craig Alleyne – State Farm Insurance Agent
6335 Wayne Avenue – Philadelphia, PA 19144 – (215) 438-8440
Eckroth Insurance Group LLC
521 N 22nd St – Philadelphia, PA 19130 – (215) 232-0200
Joe Ems – State Farm Insurance Agent
7348 Frankford Ave – Philadelphia, PA 19136 – (215) 333-5100
Paul Hoffman – State Farm Insurance Agent
2655 S 12th St – Philadelphia, PA 19148 – (215) 389-4737
How to find more affordable car insurance for a Ford Edge
Lowering your rates is not difficult, and here are some of the better money-saving suggestions that can help Pennsylvania drivers find more affordable coverage.
- Home or renters coverage can save on auto insurance
- Good credit can save money
- Avoid accidents
- Vehicles with good safety ratings have lower liability rates
- Don’t waste money on full coverage for older vehicles
- Shop around for cheaper prices
The last tip is certainly crucial, as we discussed in the prior information. Prices charged by auto insurers change a lot, so don’t hesitate to buy from a new company if a lower-cost policy is available.
Many drivers prefer to stick with one company, but we do not recommend it if that faithfulness ends up costing you lots of money. If you have a few minutes, now is a great time to shop around to find cheaper insurance for a Ford Edge in Philadelphia.