Cheap Insurance for a Ford Edge in Louisiana

When discussing car insurance, the word cheap really shouldn’t be used as a descriptor for auto insurance rates. It’s a simple fact that cheap car insurance for a Ford Edge can be difficult to find. Don’t let that spoil your day, because we will show you how you can get insurance that won’t break your budget.

The likelihood of finding affordable car insurance for a Ford Edge in Louisiana is contingent on a lot of things like your gender, whether or not you garage your vehicle, and your choice of physical damage deductibles. Drivers in Louisiana on average pay around $1,280 annually to insure their Edge, but that price is a valuation using rating data for a 50-year-old single female driver that includes full coverage and $500 policy deductibles.

There is a good chance you aren’t exactly 50 years old or even a female, you might be married instead of single, and maybe you want different deductibles. Have just a small change in rating factors or requested coverage amount can lead to a significant difference in the coverage rate.

Not everyone needs the same coverages, so the way we recommend to find cheap auto insurance rates for your Ford is to get into the habit of comparing rates once a year. In less than five minutes you will receive prices from the best companies that offer coverage in Louisiana.

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Vehicle trim level can impact the cost of insurance, so the price you pay to insure a Edge SE 2WD trim level will be $204 lower than the cost to insure the more well-appointed Edge Sport AWD model, as shown below.

Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Prices do not factor in your specific Louisiana location which can decrease or increase prices substantially.

Picking a high-quality car insurance company can be difficult considering how many companies sell insurance in Louisiana. The ranking data in the lists below may help you select which insurers you want to consider when comparing insurance rates for a Ford Edge. These ratings only include the largest companies in America, so companies that may only write in Louisiana are not included in these rankings.

Full coverage rates compared to liability only

Finding cheap insurance for a Ford Edge in Louisiana is the goal of most drivers, and a good way to pay less for insurance is to not pay for full coverage. The information below illustrates the difference between insurance costs with full phyical damage coverage and with liability coverage only. The price estimates are based on a clean driving record, no claims, $100 deductibles, drivers are not married, and no additional discounts are factored in.

If we average the cost for all age groups, physical damage coverage costs $3,087 per year more than carrying just liability coverage. That touches on the question if paying for full coverage is worth it. There is no clear-cut formula of when to drop physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s pretend your vehicle’s settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after paying your policy deductible. If premiums are more than $800 a year for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are some scenarios where buying only liability insurance is not recommended. If you haven’t satisfied your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

How to find economical car insurance for a Ford Edge

Here are some of the better penny-pinching suggestions that can help Louisiana drivers locate more affordable auto insurance.

• Insure your home and auto with the same company
• Do not get tickets
• Safer vehicles cost less to insure
• Having at-fault accidents will increase rates
• Do not pay for full coverage on older vehicles
• Pay less by remaining claim-free
• Compare rate quotes often

The final tip is especially vital, as we noted in this piece. Prices charged by auto insurers change frequently, so don’t be hesitant to buy from a new company if a better deal can be had.

Many consumers stick with the same company and that’s fine, but it’s not a good idea if that inflexibility results in costing you a lot of money. Now is a great time to shop around and find cheaper auto insurance for a Ford Edge.

Best cheap Ford Edge insurance quotes

Thanks to technology, drivers have a lot of ways to comparison shop for auto insurance in Louisiana, but the most prevalent ways are through an exclusive insurance agent such as Auto-Owners or State Farm, a non-exclusive or independent agent, or buying direct from a company like Progressive or Geico. They all have the same basic principle, but buyers need to know the differences in how they give price quotes.

Independent agencies write business for many companies and can provide price quotes from every one. Agents of this type are not locked into one company and can compare multiple rates, which may provide you with the best chance of saving money. If they find a lower price, your agent can switch companies which makes it simple for you.

Exclusive agents are able to place business with a single company, a couple examples are Liberty Mutual and Allstate agents. They are unable to quote prices from more than a single company, which does not give you the best rate comparison.

The third way to buy auto insurance is direct which means you bypass an independent or exclusive agent and instead shop buying direct from a company like Progressive or Geico. Shopping for auto insurance direct may be a decent choice consumers who do not have a complex risk profile and have an above average understanding of what coverages, limits, and deductibles they need.

Which way is best to find cheap insurance for a Ford Edge in Louisiana? Most people assume that shopping direct results in the best prices since there is no need to pay agent commissions, but in reality, that is not true. A good argument could also be made that going through an independent agent can save the most money due to increased selection, but again, it’s not a sure thing. In some circumstances, exclusive agencies may have prices that other companies cannot beat.

Due to the fact that auto insurance rates vary so much, the only real way to ensure you are not overpaying for auto insurance is to get as many comparison quotes as possible. Money-saving experts recommend you get price quotes from independent, exclusive, and direct in order to find the best price. We compiled a list of companies with some of the cheapest online rates that you can click here to view.