Finding economical car insurance for a Ford Edge is normally pretty easy, but it relies on a large number of factors such as whether you own a home, what you do for a living, and any driving offenses on your record. Drivers pay on average $768 annually for Edge insurance, but that amount is an estimation calculated based on a 50-year-old single female driver with full physical damage coverage and $100 deductibles.
Odds are that you are not 50 years old and maybe not even female, maybe you are married instead of single, or maybe you just want different deductibles. The different assumptions illustrate why the only real way to find affordable rates for your Ford is to put in the effort to do a thorough rate comparison. To cut your rates now, get a free quote and you will get price quotes from the best auto insurance companies that insure vehicles in Ohio.
The trim level of your vehicle tends to have a direct effect on the insurance rate, so the rate you pay to insure a Edge SE 2WD will be $146 cheaper than the cost to insure the more costly Edge Sport AWD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Edge SE 2WD||$146||$284||$256||$16||$76||$778||$65|
|Edge SE AWD||$146||$346||$256||$16||$76||$840||$70|
|Edge SEL 2WD||$146||$346||$256||$16||$76||$840||$70|
|Edge Limited 2WD||$146||$346||$256||$16||$76||$840||$70|
|Edge SEL AWD||$146||$346||$256||$16||$76||$840||$70|
|Edge Limited AWD||$168||$408||$256||$16||$76||$924||$77|
|Edge Sport 2WD||$168||$408||$256||$16||$76||$924||$77|
|Edge Sport AWD||$168||$408||$256||$16||$76||$924||$77|
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rates do not factor in Toledo location which can affect coverage prices considerably.
Selecting a high-quality insurance company can be challenging considering how many companies sell coverage in Toledo. The ranking information listed below can help you analyze which auto insurers you want to consider when comparing rate quotes.
The rankings below include the companies with a significant amount of written premium nationwide, so companies that have a smaller presence will not be included in these rankings. To get rate quotes from these and other top-rated companies, click here.
Top 10 Large Auto Insurance Companies in Toledo Ranked by Value
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- 21st Century
The diagram below shows how different deductible levels can change yearly insurance costs when getting quotes for cheap insurance for a Ford Edge. The rate quotes are based on a married female driver, full coverage, and no discounts are taken into consideration.
The chart above illustrates that a 50-year-old driver could pocket $178 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $268 by using a $1,000 deductible. Youthful drivers, like the Age 20 category, can save up to $442 annually by using a higher deductible. If you do raise deductibles, it will be required to have enough in a savings account to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.
Rate comparison of full coverage and liability-only
Finding the cheapest car insurance is probably important to the majority of vehicle owners, and one of the easiest ways to buy cheaper insurance for a Ford Edge is to only buy liability insurance. The information below visualizes the comparison of insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The information is based on no claims or violations, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
If averaged for all ages, physical damage coverage costs an extra $1,118 per year more than insuring for liability only. Many people question if buying full coverage is worth the money. There is no exact formula for eliminating physical damage coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
Why are you paying too much to insure your Edge?
Toledo, OH car insurance rates are impacted by many things which can substantially change the price you have to pay. Simply having a birthday, filing a claim, or getting a ticket for running a stop sign can trigger changes in premium that can now make some companies more affordable than the competition. Additionally, insurers change the rates they charge in Ohio at least once a year to adjust for heavy claims or excess profits. A period of increased losses may cause high rates, while a profitable period can cause more affordable Edge insurance rates.
For example, the data below shows rates for the cheapest car insurance in Toledo, OH for a 40-year-old male driver with no accidents, a clean driving record, and good financial standing. If we look at prices based on his personal profile, Utica National may have the lowest car insurance rates in Toledo at $799 per year. This is $241 less than the average price paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA are the remainder of the cheapest Toledo, OH auto insurance companies.
In the next rate comparison, we’ll give the driver from the above example a couple of claims, slightly worse credit, and a traffic citation. Since every car insurance company uses their own method to establish rates, comparing prices may now present a different list of affordable Toledo car insurance companies as shown below.
Cincinnati Insurance now has the lowest car insurance rate in Toledo, OH with Merchants Insurance Group, Motorists Mutual, General Casualty, and Grange Mutual completing the list. This example proves why consumers need to take the time to compare many different companies to find the most economical insurance quotes for a Ford Edge. Car insurance prices are impacted by many factors and can change without notice, so the cheapest company when you bought your policy may now cost much more than other companies.
The agents below can aid you in deciding which coverages you need, as some drivers have questions and prefer to have some advice when shopping for the best coverage for an Edge. It’s not always easy to do it yourself, so a professional agent can bring comfort knowing your coverage gives you decent coverage if you have a claim. To find a Toledo insurance agent near you, click the link after the list.
House of Insurance
5801 Telegraph Rd – Toledo, OH 43612 – (419) 476-8436
Jeff Traudt – State Farm Insurance Agent
2828 Central Ave – Toledo, OH 43606 – (419) 473-3276
4560 Heatherdowns Blvd # 103 – Toledo, OH 43614 – (419) 385-2797
How to find budget-friendly insurance for a Ford Edge
Below you’ll find a few money-saving ideas that can help drivers find lower-cost coverage.
- Drive safe vehicles
- Earn discounts for being claim-free
- Having at-fault accidents will increase rates
- Do not get traffic tickets
- Save money by bundling your home and auto policies
- Compare prices frequently to find the best deal
The last item on the list is highly important, as was stressed in the prior article. Insurance rates go up and down frequently, so don’t be unwilling to buy from a different company if you find a better deal. Staying with the same car insurance company is fine, but it isn’t a good idea if that stubbornness costs you lots of hard earned cash every month. If you have a few minutes, compare rates and find cheaper car insurance for a Ford Edge in Toledo.