Who Has Cheap Detroit Auto Insurance for a Ford Edge?

Finding cheap car insurance for a Ford Edge in Michigan is usually pretty straightforward, but it is dependent upon a fairly complex equation with a lot of factors such as how long your commute is, if you have recent claims, and if you have a history of accidents. Drivers in Michigan pay on average $2,023 a year for Edge insurance, but that price is an estimate calculated using a 40-year-old married male driver with full physical damage coverage and $250 deductibles.

This brings up the issue that more than likely you may not be 40 years old (or even male), single instead of married, and you may just want the cheapest liability coverage you can find. Having even a minor difference in the criteria used to calculate rates could result in a significant change in the coverage rate.

Different coverage needs are the reason why the way we recommend to find affordable rates for your Ford is to compare rates from as many companies as possible.

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The trim level of your Edge has an effect on the annual cost of coverage, so the price to insure a Edge SE 2WD model will cost $358 less than the cost to insure the higher-priced Edge Sport AWD trim level, as shown below.

Ford Edge Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Edge SE 2WD $422 $680 $712 $42 $212 $2,068 $172
Edge SE AWD $422 $828 $712 $42 $212 $2,216 $185
Edge SEL 2WD $422 $828 $712 $42 $212 $2,216 $185
Edge Limited 2WD $422 $828 $712 $42 $212 $2,216 $185
Edge SEL AWD $422 $828 $712 $42 $212 $2,216 $185
Edge Limited AWD $486 $974 $712 $42 $212 $2,426 $202
Edge Sport 2WD $486 $974 $712 $42 $212 $2,426 $202
Edge Sport AWD $486 $974 $712 $42 $212 $2,426 $202
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Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Information does not factor in Detroit location which can change prices substantially.

Choosing a good quality car insurance company can be rather challenging considering how many companies provide coverage in Detroit. The ranking information in the next section may help you decide which auto insurers you want to consider when comparing rates. The rankings below only include large, nationwide insurance companies, so smaller companies that only insure vehicles in Michigan are not included in the list.

Top 10 Major Car Insurance Companies in Detroit Ranked by Customer Service

  1. The Hartford
  2. American Family
  3. Progressive
  4. GEICO
  5. USAA
  6. State Farm
  7. Farmers Insurance
  8. Allstate
  9. Safeco Insurance
  10. Liberty Mutual

Top 10 Major Car Insurance Companies Overall in Detroit

  1. The Hartford
  2. Progressive
  3. State Farm
  4. Farmers Insurance
  5. Safeco Insurance
  6. USAA
  7. GEICO
  8. 21st Century
  9. Liberty Mutual
  10. AAA Insurance

The example below illustrates how your choice of deductibles can influence insurance premiums when researching cheap insurance for a Ford Edge. The premiums are based on a married female driver, full coverage, and no discounts are applied to the premium.

A 50-year-old driver could reduce rates by $636 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $958 by changing to a $1,000 deductible. Young drivers, like the 20-year-old example, could drop their prices up to $1,578 annually by choosing a larger deductible amount.

If you make the decision to raise deductibles, it is a good idea to have additional funds squirreled away to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Your low-price policy may be costing you money

Detroit, MI insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay. Simply getting older, buying another vehicle, or having an at-fault accident can trigger price changes that can make some companies cheaper than others. In addition to those changes, companies change rates at least once a year to adjust for unexpected claims or profits. Heavy losses can cause higher priced premiums, while a better loss history may result in lower-cost Edge insurance rates.

To illustrate this point, the data below shows the cheapest car insurance in Detroit, MI for a 35-year-old male driver with no accidents, a clean driving record, and solid credit. If we estimate prices based on his current situation, USAA might quote the best car insurance rates in Detroit at $2,324 each year. This is $69 less than the average policy premium paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and MEEMIC are the rest of the cheapest Detroit, MI auto insurance companies.

In this next rate comparison, we will give the driver from the above example an at-fault accident, a lower credit score, and a traffic ticket or two. Because every insurance company has their own unique process to set their prices, comparing quotes could now result in a slightly different list of affordable companies as shown below.

GEICO now has the best price on car insurance in Detroit with Pioneer State Mutual, USAA, Safeco, and Hastings Mutual also having competitive pricing. This shows why it is critical to perform a complete rate comparison when trying to get cheap car insurance quotes for a Ford Edge.

Insurance prices can be determined by many factors and can increase or decrease at any time, so the cheapest option the last time you compared rates may now be quite expensive.