Are you burned out from scraping the payment together to pay insurance each month? You are in the same boat as most other drivers in Texas.
Sad but true, nearly 70% of consumers kept their policy with the same company for at least four years, and roughly 40% of drivers have never compared rates from other carriers. U.S. consumers could save an average of 47% each year, but they just don’t understand the amount of money they would save if they switched to a cheaper policy. Since you have so many companies and agents to choose from, it’s difficult to locate the cheapest insurance company.
You should make it a habit to get comparison quotes yearly because insurance prices trend upward over time. Just because you had the lowest rates on Ford Edge insurance in Austin at your last renewal you may be paying too much now. Ignore everything you know about insurance because you’re going to get a crash course in the things you must know in order to save on insurance.
Finding a better price on insurance doesn’t have to be difficult. You just need to spend a few minutes on the computer comparing price quotes online from several insurance companies.
Online shopping is fast and free, and it replaces the need to drive around to insurance agencies in your area. The ability to quote Ford Edge insurance online eliminates the middleman unless you’re the type of person who wants the trained guidance that only an agent can give. Although, it is possible comparison shop online and have a local agent actually service the policy.
The companies shown below provide free quotes in Austin, TX. If several companies are displayed, we suggest you visit as many as you can in order to find the lowest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Edge SE 2WD||$160||$272||$358||$22||$108||$920||$77|
|Edge SE AWD||$180||$392||$430||$26||$128||$1,156||$96|
|Edge SEL 2WD||$326||$592||$500||$30||$150||$1,598||$133|
|Edge Limited 2WD||$286||$592||$382||$22||$114||$1,396||$116|
|Edge SEL AWD||$200||$422||$366||$22||$110||$1,120||$93|
|Edge Limited AWD||$294||$584||$382||$22||$114||$1,396||$116|
|Edge Sport 2WD||$140||$306||$358||$22||$108||$934||$78|
|Edge Sport AWD||$174||$416||$496||$30||$148||$1,264||$105|
|Get Your Own Custom Quote Go|
Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Estimates do not factor in zip code location which can alter price quotes significantly.
Auto insurance premiums by gender
The information below illustrates the difference between Ford Edge annual premium costs for male and female drivers. The prices are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no discounts are factored in.
Auto insurance policy discounts you can’t miss
Some insurers do not list all possible discounts very clearly, so the list below gives a summary of both well-publicized as well as the least known discounts that you can inquire about if you buy Austin auto insurance online.
- Low Mileage Discounts – Low mileage vehicles may allow you to get substantially lower premium rates.
- Passive Restraint Discount – Factory options such as air bags may get savings up to 30%.
- Accident Forgiveness – This isn’t a discount exactly, but some insurance companies permit an accident before raising your premiums so long as you are claim-free prior to the accident.
- Organization Discounts – Being a member of a professional or civic organization is a simple method to lower premiums on your next auto insurance statement.
- Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive so companies give up to a 10% discount.
- Senior Citizen Rates – Drivers over the age of 55 may be able to get a small discount on rates.
- Driving Data Discount – Insureds who allow driving data collection to track when and where they use their vehicle by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates if they have good driving habits.
- Multi-Vehicle Discounts – Having multiple cars on one policy can get a discount on all vehicles.
- Auto/Home Discount – If you have multiple policies and insure them both with the same insurance company you may earn at least 10% off all policies.
- Accident Free – Insureds with no claims or accidents pay much less in comparison to accident-prone drivers.
It’s important to note that some credits don’t apply to the whole policy. Most only cut the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears having all the discounts means you get insurance for free, it’s just not the way it works.
Some of the insurance companies that may offer policyholders most of the discounts above include:
If you are trying to find low cost Austin auto insurance quotes, ask every prospective company what discounts are available to you. Depending on the company, some discounts might not apply in your state. If you would like to view companies with the best discounts in Austin, follow this link.
Don’t I need to have guidance from an insurance agency?
Some consumers would rather talk to an insurance agent and that can be a smart move Licensed agents can answer important questions and give you someone to call. A good thing about comparing auto insurance online is you may find cheap rate quotes and still have a local agent.
To find an agent, once you fill out this quick form, your information is submitted to local insurance agents that give free quotes for your coverage. You don’t have to contact an agency because prices are sent to your email. If for some reason you want to get a price quote from one company in particular, feel free to find their quoting web page and give them your coverage information.
Deciding on an insurer should include more criteria than just the quoted price. You should also get answers to these questions.
- Who is covered by the car insurance policy?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Do they review policy coverages at every renewal?
- Do the companies they represent have a solid financial rating?
- Is there a local claims center in Austin?
The type of car insurance agent you choose is important
When narrowing the list to find a reliable agent, it helps to know the two different agency structures that differ in how they can insure your vehicles. Auto insurance agencies are either independent agents or exclusive agents. Either type can sell and service auto insurance coverage, but it’s worth learning the differences because it can influence buying decisions.
Exclusive Insurance Agencies
Agents of this type can only quote rates from one company and some examples include Farmers Insurance, American Family, State Farm and Allstate. These agents are not able to compare rates from other companies so they are skilled at selling on more than just price. Exclusive insurance agents are usually well trained on the products they sell which helps overcome the inability to quote other rates.
The following are exclusive insurance agents in Austin that can give you comparison quotes.
Independent Insurance Agents
Agents that choose to be independent do not sell for just one brand and that allows them to write policies through many companies and get the cheapest rates. If prices rise, an independent agent can move your coverage which is easy for the insured. If you need lower rates, we recommend you get some free quotes from a couple of independent agencies in order to have the best price comparison.
Shown below are Austin independent agencies who can help you get comparison quotes.
Informed Drivers Can Lower Insurance Rates
One of the most helpful ways to save on insurance is to to have a grasp of some of the elements that play a part in calculating insurance rates. When consumers understand what determines premiums, this empowers consumers to make smart changes that can earn you lower insurance prices.
Listed below are some of the things insurance companies consider when setting your premiums.
Multiple policies with one company can save – Lots of companies afford better rates to customers who consolidate policies with them in the form of a multi-policy discount. The discount can add up to ten or even fifteen percent. If you currently are using one company, drivers will still want to check prices from other companies to help ensure you have the lowest rates.
Deter car thieves – Driving a car with advanced anti-theft systems can help lower your premiums. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your car from being stolen.
Having a spouse pays dividends – Having a wife or husband actually saves money when shopping for insurance. It demonstrates that you tend to be more mature and insurance companies like that married drivers get in fewer accidents.
No policy lapses lowers rates – Letting your insurance expire will be a sure-fire way to increase your rates. Not only will you pay higher rates, getting caught without coverage can result in fines and jail time.
Use credit responsibly and save – Having a bad credit history is likely to be a major factor in determining what you pay. So if your credit score is lower than you’d like, you could be paying less to insure your Ford Edge by improving your rating. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers with lower ratings.
Performance makes a difference – The performance level of the car you are buying insurance for makes a huge difference in how high your rates are. Since the Ford Edge is a crossover, insurance will be slightly more as compared to the average rate in Austin. Economy passenger vehicles receive the most favorable rates, but there are many factors that impact the final cost.
Reduce rates by staying claim free – Car insurance companies in Texas generally give the lowest premiums to insureds who only file infrequent claims. If you frequently file small claims, you can expect much higher rates or policy non-renewal. Your car insurance is intended to be relied upon for the large, substantial claims.
Insurance rates and age – Older drivers are more responsible, tend to cause fewer accidents, and are safer drivers.Youthful drivers are statistically proven to get distracted easily when at the wheel of a vehicle so they pay higher insurance rates.
Ford Edge insurance loss statistics – Companies analyze historical claim data to help determine rates. Vehicles that tend to have higher claim frequency or loss amount will have a higher premium rate.
The table below shows the insurance loss data for Ford Edge vehicles. For each coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, is equal to 100. Percentages below 100 indicate better than average losses, while percentage values above 100 point to more losses or an increased chance of a larger loss.
Auto Insurance Loss Data for Ford Edge Models
|Specific Ford Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Ford Edge 4dr 2WD||53||93|
|Ford Edge 4dr 4WD||71||108||75|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Protect more than your Edge
Despite the potentially high cost of Ford Edge insurance, paying for auto insurance is required by state law in Texas and it also provides benefits you may not be aware of.
First, the majority of states have minimum liability requirements which means the state requires a specific level of liability coverage in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you bought your Edge with a loan, almost every bank will make it mandatory that you have physical damage coverage to ensure loan repayment if the vehicle is totalled. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Ford at a more expensive rate and force you to pay for the expensive policy.
Third, auto insurance preserves your Ford and your assets. It will also provide coverage for many types of medical costs for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense in the event you are sued. If you have damage to your Ford as the result of the weather or an accident, your policy will cover the repair costs.
The benefits of carrying enough insurance more than cancel out the cost, particularly when you have a large claim. Despite what companies tell you, the average driver is currently overpaying as much as $865 each year so you should quote your policy with other companies every year to ensure rates are competitive.
Insurance savings summarized
Cheaper insurance in Austin can be bought both online in addition to many Austin insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some companies do not offer online rate quotes and most of the time these small, regional companies provide coverage only through independent insurance agents.
When you buy Austin auto insurance online, never reduce coverage to reduce premium. In too many instances, an insured dropped collision coverage only to regret they didn’t purchase enough coverage. Your goal is to get the best coverage possible at a price you can afford, but don’t skip important coverages to save money.
More tips and info about insurance is located in these articles:
- Understanding Limits and Deductibles (Allstate)
- How Much are Auto Insurance Quotes for a Company Car in Austin? (FAQ)
- How Much is Austin Car Insurance for Low Income Drivers? (FAQ)
- Who Has the Cheapest Austin Auto Insurance Rates for Infrequent Drivers? (FAQ)
- How Much is Auto Insurance for a Honda Accord in Austin? (FAQ)
- How Much are Auto Insurance Rates for High School Students in Austin? (FAQ)
- All About Airbag Safety (State Farm)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- Teen Driving Statistics (GEICO)
- Car Insurance FAQ (Trusted Choice)