Cheapest Insurance for a Ford Edge in Santa Ana

If you want to save the most money, the best way to save money on Ford Edge insurance is to begin comparing prices regularly from insurers who provide auto insurance in Santa Ana. Rates can be compared by completing these steps.

• First, get an understanding of how companies price auto insurance and the factors you can control to keep rates in check. Many risk factors that result in higher rates such as inattentive driving and a substandard credit history can be improved by making small lifestyle or driving habit changes.
• Second, compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like Progressive or Farmers Insurance, while agents who are independent can provide prices from multiple insurance companies.
• Third, compare the new rate quotes to your current policy premium and determine if there is any savings. If you find better rates and change companies, ensure coverage does not lapse between policies.

One bit of advice is that you use similar limits and deductibles on each quote request and to quote with as many different companies as possible. This provides an apples-to-apples comparison and the best price selection.

Shockingly, about 70% of customers kept their policy with the same company for well over three years, and approximately 38% of consumers have never compared rates to find lower-cost insurance. California insurance shoppers could save themselves up to 35% a year just by comparing rates, but most tend to underestimate the large savings they would see if they changed companies.

Obtaining price quotes for the cheapest protection in Santa Ana is simple if you know the tricks. Nearly each driver who requires lower cost insurance stands a good chance to find a better price. But California drivers must comprehend the way insurance companies set your policy premium and take advantage of how the system works.

The most recommended method to get policy rate comparisons for Ford Edge insurance in Santa Ana is to know the fact most larger insurance companies pay for the opportunity to quote your coverage. To start a quote, the only thing you need to do is provide information including your credit rating estimate, deductibles desired, if it has an anti-theft system, and how many miles driven. That information is automatically sent to multiple top-rated companies and they return rate quotes quickly.

If you wish to get multiple quotes for your Ford Edge now, click here and enter your zip code.

The following companies are ready to provide price quotes in Santa Ana, CA. If more than one company is shown, it's a good idea that you visit two to three different companies in order to find the most competitive rates.

Analysis of Ford Edge rates

The information displayed next highlights different insurance policy prices for Ford Edge models. Having a better idea how car insurance prices are formulated can help you make informed coverage decisions.

Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate information does not factor in specific location which can lower or raise coverage rates considerably.

Where to set your deductibles

One of the more difficult decisions when buying auto insurance is how high should the physical damage deductibles be. The figures shown below lay out the cost difference of buying low and high deductibles. The first rate table uses a $250 physical damage deductible and the second data table uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in garaging location in Santa Ana which can impact premium rates substantially.

Based on the above data, using a $250 deductible costs about $16 more each month or $192 for a full year than choosing the higher $500 deductible. Since you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally average at least 16 months between claims, you would probably come out ahead going with the higher deductible.

Rate difference between full and liability-only coverage

The diagram below visualizes the comparison of Ford Edge auto insurance costs with liability coverage only compared to full coverage. The premium estimates are based on no tickets, no at-fault accidents, $500 deductibles, single marital status, and no policy discounts are applied.

When to drop full coverage

There is no clear-cut rule to eliminate full coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Ford Edge book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after you pay the deductible. If premiums are more than $200 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are a few situations where only buying liability is not financially feasible. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Best reasons to buy insurance in California

Even though it's not necessarily cheap to insure a Ford in Santa Ana, insuring your vehicle may be required for several reasons.

• Almost all states have mandatory insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance in order to be legal. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you took out a loan on your Ford Edge, it's most likely the lender will make it mandatory that you have physical damage coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Ford at a much higher rate and make you pay the higher price.
• Insurance protects both your assets and your Ford Edge. It will also reimburse you for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability coverage also pays for attorney fees and expenses if you are sued as the result of an accident. If you have damage to your Ford as the result of the weather or an accident, comprehensive and/or collision insurance will cover the repair costs.

The benefits of having insurance definitely exceed the cost, especially when you need to use it. According to a 2015 survey, the average American driver is overpaying more than $855 a year so shop around every year to be sure current rates are still competitive.

Car insurance coverage information

Knowing the specifics of your auto insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be confusing and nobody wants to actually read their policy.

Comprehensive or Other Than Collision - This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from getting keyed, damage from a tornado or hurricane and hitting a deer. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle's value is low consider dropping full coverage.

Medical costs insurance - Medical payments and Personal Injury Protection insurance pay for expenses like rehabilitation expenses, EMT expenses, hospital visits and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Liability - Liability coverage will cover damage that occurs to other's property or people in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 15/30/5 that translate to $15,000 bodily injury coverage, $30,000 for the entire accident, and property damage coverage for $5,000. Occasionally you may see a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for claims like loss of income, repair costs for stationary objects and court costs. How much liability should you purchase? That is up to you, but you should buy as much as you can afford. California requires minimum liability limits of 15/30/5 but you should consider buying more liability than the minimum.

The next chart shows why buying the state minimum limits may not be high enough to cover claims.

UM/UIM Coverage - Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Ford Edge.

Due to the fact that many California drivers have only the minimum liability required by law (which is 15/30/5), their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are identical to your policy's liability coverage.

Collision - This covers damage to your Edge from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like hitting a mailbox, scraping a guard rail, crashing into a building, hitting a parking meter and backing into a parked car. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible on your Edge to bring the cost down.