Auto Insurance Quotes for a Ford Edge in Lexington

Do you want more affordable car insurance rates in Lexington, KY? Lexington shoppers have many options when shopping for affordable Ford Edge insurance. You can either spend your time contacting agents getting price quotes or utilize the internet to make rate comparisons.

There are both good and bad ways to find car insurance online and we’ll show you the quickest way to quote coverages for a new or used Ford and obtain the lowest possible price either online or from Lexington insurance agents.

It’s a good idea to get comparison quotes quite often because car insurance prices change regularly. If you had the best price on Ford Edge insurance in Lexington six months ago the chances are good that you can find a lower rate today. You can find a lot of misleading information regarding Edge insurance on the internet, but I’m going to show you some solid techniques on how to slash your car insurance rates in Lexington.

The purpose of this post is to instruct you on how to compare rates easily and how you can save the most money. If you have auto insurance now, you will most likely be able to lower your rates using these methods. Shoppers only have to learn the proper way to compare company rates online from multiple companies.

Ford Edge detailed coverage information

The table below showcases a range of coverage costs for Ford Edge models. Having knowledge of how insurance policy premiums are determined can be useful when making informed decisions.

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Estimates do not factor in Lexington location which can increase or decrease rates significantly.

How high should deductibles be?

When shopping for insurance, a common question is how low should you set your deductibles. The figures shown below can help you understand the premium difference between low and high insurance deductibles. The first table uses a $250 deductible for comp and collision and the second data table uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can affect premiums significantly.

Based on these figures, using a $250 deductible costs about $14 more each month or $168 each year than buying the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you usually have more than 18 months between claims, you would save money going with the higher deductible.

One important caveat is that raising deductibles to save money means you will have to cover more of the damage yourself if you have a claim. You will want to have some extra savings in the event you need to pay more for the deductible.

The diagram below highlights how deductible choice and can influence Ford Edge insurance costs for different age groups. The rate quotes are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.

Careless drivers pay higher rates

The information below illustrates how violations and at-fault collisions drive up Ford Edge yearly insurance costs for different age categories. Data assumes a single female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.

Male drivers compared to female drivers

The illustration below shows the comparison of Ford Edge auto insurance costs for male and female drivers. The information is based on no accidents or driving violations, full physical damage coverage, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

Cheap Lexington auto insurance rates with discounts

Auto insurance is easily one of your largest bills, but companies offer discounts that can drop the cost substantially. Many discounts should be triggered at the time of purchase, but some may not be applied and must be asked about prior to getting the savings.

• Seat Belts Save – Drivers who require all occupants to buckle their seat belts can save a little off the PIP or medical payment premium.
• Renewal Discounts – A few larger companies offer discounts for switching policies early. The savings is around 10%.
• Employee of Federal Government – Simply working for the federal government can earn a discount up to 10% depending on your company.
• Discounts for Multiple Vehicles – Buying insurance for multiple cars on one policy can get a discount on all vehicles.
• ABS and Traction Control Discounts – Vehicles with ABS and/or traction control can avoid accidents so companies give up to a 10% discount.

It’s important to understand that some of the credits will not apply to your bottom line cost. Most only reduce the cost of specific coverages such as comp or med pay. Despite the fact that it seems like you can get free auto insurance, insurance companies wouldn’t stay in business. But any discount should definitely cut your overall bill.

The chart below illustrates the comparison of Ford Edge premium costs with and without discounts applied. The rate quotes are based on a male driver, no claims, a clean driving record, Kentucky state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, multi-car, homeowner, claim-free, and safe-driver discounts applied.

To choose providers with discount rates in Lexington, follow this link.

Insurance coverages 101

Understanding the coverages of insurance aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages found on the average insurance policy.

Collision protection

This coverage covers damage to your Edge resulting from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as backing into a parked car, rolling your car, colliding with a tree, sideswiping another vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to increase the deductible on your Edge to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for short-term medical expenses such as EMT expenses, X-ray expenses and ambulance fees. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers you and your occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive insurance

Comprehensive insurance pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a broken windshield, hitting a deer, rock chips in glass, vandalism and fire damage. The most a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability auto insurance

This provides protection from damage that occurs to a person or their property that is your fault. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/10 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $10,000. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things such as emergency aid, legal defense fees, pain and suffering and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible. Kentucky state law requires minimum liability limits of 25/50/10 but you should consider buying higher limits.

The next chart shows why buying low liability limits may not be adequate coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since many Kentucky drivers have only the minimum liability required by law (Kentucky limits are 25/50/10), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages do not exceed the liability coverage limits.

Quote. Compare. Save.

As you shop your coverage around, never buy poor coverage just to save money. There are a lot of situations where an insured cut comprehensive coverage or liability limits only to discover later they didn’t purchase enough coverage. Your aim should be to buy the best coverage you can find for the lowest cost while not skimping on critical coverages.

Budget-conscious Ford Edge insurance is definitely available on the web and with local Lexington insurance agents, so you need to shop Lexington car insurance with both in order to have the best chance of saving money. There are still a few companies who may not provide rates over the internet and usually these smaller providers only sell coverage through independent agents.

Steps to finding low-cost Ford Edge insurance in Lexington

The easiest way to find low-cost prices for auto insurance rates in Lexington is to compare quotes once a year from insurance carriers who sell auto insurance in Kentucky.

1. Get a basic knowledge of car insurance and the changes you can make to keep rates in check. Many policy risk factors that cause rate increases such as accidents, traffic violations, and a negative credit rating can be eliminated by making minor driving habit or lifestyle changes.
2. Quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from one company like Progressive or State Farm, while independent agents can provide price quotes from multiple companies. Begin your rate comparison
3. Compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you can save some money, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Give proper notification to your current agent or company to cancel your current auto insurance policy. Submit the signed application along with the required initial payment to the new company. Once the application is submitted, safely store the certificate verifying coverage with your vehicle’s registration.

One piece of advice is to use the same coverage limits and deductibles on each quote and and to get price quotes from as many different companies as possible. Doing this ensures a level playing field and a complete price analysis.

More learning opportunities

• No-Fault Auto Insurance Statistics (Insurance Information Institute)
• How Much is Car Insurance for Teachers in Lexington? (FAQ)
• Who Has the Cheapest Lexington Car Insurance Rates for 18 Year Olds? (FAQ)
• Who Has Affordable Auto Insurance for Drivers Over Age 70 in Lexington? (FAQ)
• Who Has the Cheapest Lexington Auto Insurance for a Dodge Grand Caravan? (FAQ)
• Safety Belts FAQ (iihs.org)
• Protect Yourself Against Auto Theft (Insurance Information Institute)
• Understanding Your Insurance Deductible (Insurance Information Institute)
• How Much Auto Coverage do I Need? (Insurance Information Institute)