Cheap Quotes for Ford Edge Insurance in Portland

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To save the most money, the best way to quote cheaper car insurance rates in Portland is to start comparing rates regularly from insurers in Oregon. Rate comparisons can be done by following these steps.

  • First, try to understand how insurance companies determine prices and the things you can change to prevent rate increases. Many policy risk factors that result in higher prices such as multiple speeding tickets and a less-than-favorable credit rating can be amended by being financially responsible and driving safely.
  • Second, quote rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from a single company like GEICO or State Farm, while agents who are independent can give you price quotes from multiple sources.
  • Third, compare the new rates to the price on your current policy to determine if you can save on Edge insurance. If you find a lower rate quote, ensure there is no coverage lapse between policies.
  • Fourth, tell your current agent or company of your decision to cancel your existing policy and submit a down payment along with a completed application for the new coverage. As soon as coverage is bound, place your new proof of insurance certificate with your registration paperwork.

An essential thing to point out is to make sure you're comparing identical coverage information on every quote request and and to look at as many car insurance companies as possible. This ensures a level playing field and the most accurate and complete price analysis.

Insurance for Ford EdgeIt's hard to fathom, but most drivers have been with the same company for more than four years, and almost 40% of drivers have never taken the time to shop around. Consumers in Portland could save 60% every year by just comparing rate quotes, but they don't know the benefits if they swap their current policy for a cheaper one.

Finding and buying the lowest-priced policy in Portland is not as hard as you think. Essentially everyone who needs lower cost car insurance most likely will find a lower-cost policy. Although Oregon drivers can benefit from knowing the way insurance companies sell online and use it to find better rates.

Components of Your Ford Edge Insurance Prices

Smart consumers have a good feel for some of the factors that aid in calculating the rates you pay for car insurance. When you know what positively or negatively impacts premium levels, this empowers consumers to make smart changes that could help you find lower rates. Lots of things are part of the equation when quoting car insurance. A few of the factors are predictable such as traffic violations, although others are less obvious like where you live or your financial responsibility.

The factors shown below are a few of the things used by companies to determine your rates.

Insurance premiums and driver gender - Statistics demonstrate that women are safer drivers than men. The data does not necessarily mean that men are worse drivers. Women and men cause accidents at a similar rate, but males cause more damage. Not only are claims higher, but men get cited for more serious violations like reckless driving and DUI. Young males have the highest risk to insure so it costs more to insure them.

The chart below illustrates the comparison of Ford Edge yearly insurance costs for male and female drivers. The data is based on no claims or violations, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

Youthful drivers pay higher premiums - Older, more experienced drivers are more cautious drivers, are lower risk to insure, and tend to be get fewer driving tickets. Young drivers are known to be inattentive and easily distracted when driving with friends therefore car insurance rates are much higher.

The following chart uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

Higher physical damage deductibles lower prices - Comp and collision deductibles are the amount of money you are willing to pay before a claim is paid by your company. Insurance for physical damage to your car, also called comprehensive and collision insurance, protects your car from damage. Some coverage claims could be collision with another vehicle, damage caused by hail, or theft of your vehicle. The more money the insured has to pay upfront, the lower your rates will be.

Extra policy coverages you don't need - There are a ton of extra bells and whistles that you can buy but may not be useful. Add-on coverages like replacement cost coverage, accidental death, and Farm Bureau memberships may not be needed and are just wasting money. They may seem good when discussing your needs, but your money might be better spent on other coverage so think about removing them and cutting costs.

Driving citations increase premiums - Good drivers pay less for auto insurance compared to bad drivers. Getting just one citation can increase the cost of insurance substantially. People who have multiple violations such as DWI, reckless driving or hit and run convictions may find that they have to to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.

The illustration below shows how speeding tickets and at-fault claims can impact Ford Edge premium costs for each different age category. The data assumes a married female driver, comp and collision included, $100 deductibles, and no discounts are factored in.

Your employer may affect rates - Careers like fire fighters, business owners, and stock brokers tend to have higher premiums than the average policyholder due to intense work-related stress and long work hours. Conversely, careers like scientists, engineers and retirees have lower than average premiums.

Rates can change based on your address - Residing in a small town may provide you with better prices when talking about car insurance. City drivers have to deal with more road rage incidents and more time behind the wheel. Lower population corresponds to lower accident rates.

Insurance loss data for a Ford Edge - Insurers include the past claim history for a vehicle when they calculate premium costs for each model. Models that have a higher amount or frequency of claims will have a higher premium rate.

The table below illustrates the compiled insurance loss statistics for Ford Edge vehicles. For each insurance policy coverage type, the claim amount for all vehicles, regardless of manufacturer or model, is equal to 100. Values below 100 are indicative of better than average losses, while values over 100 point to more frequent losses or an increased likelihood of larger losses.

Car Insurance Loss Data for Ford Edge Models
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Ford Edge 4dr 2WD 53 93
Ford Edge 4dr 4WD 71 108 75
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Analysis of coverages

The coverage information shown next covers detailed analysis of rate quotes for Ford Edge models. Having a good grasp of how auto insurance policy rates are figured is important to be able to make smart choices when selecting a coverage provider.

Ford Edge Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Edge SE 2WD $120 $198 $330 $20 $98 $766 $64
Edge SE AWD $120 $240 $330 $20 $98 $808 $67
Edge SEL 2WD $120 $240 $330 $20 $98 $808 $67
Edge Limited 2WD $120 $240 $330 $20 $98 $808 $67
Edge SEL AWD $120 $240 $330 $20 $98 $808 $67
Edge Limited AWD $138 $284 $330 $20 $98 $870 $73
Edge Sport 2WD $138 $284 $330 $20 $98 $870 $73
Edge Sport AWD $138 $284 $330 $20 $98 $870 $73
Get Your Own Custom Quote Go

Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate quotes do not factor in vehicle location which can impact premium rates considerably.

Policy deductible comparison

The hardest decision when buying coverage is where to set your physical damage deductibles. The following tables lay out the premium difference when you select higher and lower coverage deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second data table uses a $500 deductible.

Ford Edge insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Edge SE 2WD $240 $408 $320 $18 $96 $1,107 $92
Edge SE AWD $240 $496 $320 $18 $96 $1,195 $100
Edge SEL 2WD $240 $496 $320 $18 $96 $1,195 $100
Edge Limited 2WD $240 $496 $320 $18 $96 $1,195 $100
Edge SEL AWD $240 $496 $320 $18 $96 $1,195 $100
Edge Limited AWD $274 $586 $320 $18 $96 $1,319 $110
Edge Sport 2WD $274 $586 $320 $18 $96 $1,319 $110
Edge Sport AWD $274 $586 $320 $18 $96 $1,319 $110
Get Your Own Custom Quote Go
Ford Edge insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Edge SE 2WD $174 $276 $320 $18 $96 $884 $74
Edge SE AWD $174 $336 $320 $18 $96 $944 $79
Edge SEL 2WD $174 $336 $320 $18 $96 $944 $79
Edge Limited 2WD $174 $336 $320 $18 $96 $944 $79
Edge SEL AWD $174 $336 $320 $18 $96 $944 $79
Edge Limited AWD $200 $396 $320 $18 $96 $1,030 $86
Edge Sport 2WD $200 $396 $320 $18 $96 $1,030 $86
Edge Sport AWD $200 $396 $320 $18 $96 $1,030 $86
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Prices do not factor in zip code location which can decrease or increase premiums greatly.

Based on the figures above, using a $100 deductible will cost in the ballpark of $22 more each month or $264 a year averaged for all Edge models than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you have at a minimum 18 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

The information below highlights how deductible choice and can impact Ford Edge insurance costs for each different age category. The rate quotes are based on a single female driver, full coverage, and no additional discounts are factored in.

Ford Edge liability rates compared to full coverage

The diagram below illustrates the difference between Ford Edge premium costs with full coverage and liability only. Data assumes no violations or claims, $500 deductibles, single marital status, and no policy discounts are applied.

When to drop comprehensive and collision

There is no clear-cut rule for eliminating comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let's pretend your Ford Edge claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $4,000 after paying the physical damage deductible. If you are paying in excess of $400 annually for physical damage coverage, then it might be time to buy liability only.

There are some scenarios where removing full coverage is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not remove full coverage.

These discounts can lower your insurance quotes

Auto insurance companies don't list all their discounts very well, so the list below details a few of the more well known and also the more inconspicuous discounts that you can inquire about if you buy Portland car insurance online.Cheaper insurance with discounts

  • Own a Home and Save - Just owning your own home may trigger a policy discount on insurance since owning and maintaining a home is proof of financial responsibility.
  • Auto/Home Discount - When you have multiple policies with the same company you may save nearly 15% which can help you find inexpensive Ford Edge insurance in Portland.
  • Low Mileage Discounts - Low annual miles could earn lower prices due to less chance of an accident.
  • Braking Control Discount - Cars with ABS and/or traction control are much safer to drive and qualify for as much as a 10% discount.
  • Switch and Save Discount - A few companies give discounts for buying a policy before your current coverage expires. The savings is around 10%.
  • Save with More Vehicles Insured - Buying insurance for multiple cars or trucks on one policy qualifies for this discount.
  • Clubs and Organizations - Having an affiliation with qualifying employment or professional organizations is a simple method to lower premiums on your bill.
  • Payment Method - If you pay your bill all at once rather than paying in monthly installments you could save up to 5%.
  • Discounts for Federal Employees - Active or retired federal employment may qualify for a discount when you quote Portland car insurance with certain companies.

As a footnote on discounts, many deductions do not apply to the entire cost. The majority will only reduce individual premiums such as comp or med pay. So even though it sounds like it's possible to get free car insurance, you won't be that lucky.

The illustration below illustrates the comparison of Ford Edge insurance costs with and without some available policy discounts. The rates are based on a female driver, no violations or accidents, Oregon state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-policy, multi-car, marriage, and homeowner discounts applied.

Large insurance companies and a selection of discounts can be read below.

  • The Hartford includes discounts for good student, bundle, air bag, vehicle fuel type, defensive driver, and anti-theft.
  • American Family offers discounts for accident-free, good student, early bird, multi-vehicle, and good driver.
  • Progressive may offer discounts for online signing, continuous coverage, multi-policy, homeowner, multi-vehicle, and online quote discount.
  • Travelers discounts include home ownership, continuous insurance, payment discounts, IntelliDrive, hybrid/electric vehicle, save driver, and driver training.
  • Farmers Insurance has savings for mature driver, alternative fuel, teen driver, good student, distant student, electronic funds transfer, and homeowner.
  • USAA offers discounts including loyalty savings, vehicle storage, safe driver, defensive driver, and driver training.
  • Liberty Mutual offers premium reductions for newly married, new vehicle discount, multi-policy, good student, new graduate, and multi-car.

When getting free Portland car insurance quotes, it's a good idea to every prospective company what discounts are available to you. All car insurance discounts might not be available to policyholders in Portland.

Affordable insurance premiums are possible

Cheaper insurance in Portland can be purchased both online in addition to local insurance agencies, and you need to price shop both to have the best selection. There are still a few companies who may not provide online price quotes and usually these regional carriers only sell coverage through independent insurance agencies.

As you quote Portland car insurance, don't be tempted to buy poor coverage just to save money. There are too many instances where an insured dropped uninsured motorist or liability limits only to find out that a couple dollars of savings turned into a financial nightmare. Your goal is to get the best coverage possible for the lowest price, but don't skip important coverages to save money.

People leave their current company for any number of reasons including being labeled a high risk driver, delays in paying claims, delays in responding to claim requests and even poor customer service. It doesn't matter what your reason, finding the right insurance provider is not as hard as you think.

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