Trying to come up with a payment for pricey car insurance can dry up your funds and force you to cut corners elsewhere.
It’s a known fact that car insurance companies don’t want policyholders to shop around. Insureds who get comparison quotes once a year will most likely switch car insurance companies because they stand a good chance of finding a lower rate. A recent survey discovered that consumers who compared rate quotes regularly saved about $70 a month compared to people who don’t make a habit of comparing rates.
If saving the most money on car insurance in Detroit is your ultimate goal, then having an understanding of how to get rate quotes and compare coverages can make shopping around easier.
Many auto insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare car insurance companies and uncover the absolute best price available on Ford Edge insurance in Detroit.
It’s a good idea to price shop coverage occasionally because prices are rarely the same from one policy term to another. Just because you had the best rates on Ford Edge insurance in Detroit a few years ago you will most likely find a better premium rate today. Ignore everything you know about car insurance because I’m going to teach you the quickest way to reduce your cost while increasing coverage.
If you are already insured, you will be able to reduce the price you pay using this strategy. Finding the cheapest coverage in Detroit can really be easy if you know what you’re doing. But Michigan vehicle owners must know the methods companies use to price insurance differently because rates fluctuate considerably.
When comparison shopping, comparing a large number of companies helps locate better pricing.
The auto insurance companies shown below can provide quotes in Michigan. To buy cheaper auto insurance in Detroit, MI, we suggest you click on several of them in order to find the most affordable rates.
Insurance rate breakdown
The price information shown next highlights estimates of policy rates for Ford Edge models. Having insight into how premiums are calculated can aid in making smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Edge SE 2WD||$246||$456||$726||$42||$218||$1,688||$141|
|Edge SE AWD||$246||$554||$726||$42||$218||$1,786||$149|
|Edge SEL 2WD||$246||$554||$726||$42||$218||$1,786||$149|
|Edge Limited 2WD||$246||$554||$726||$42||$218||$1,786||$149|
|Edge SEL AWD||$246||$554||$726||$42||$218||$1,786||$149|
|Edge Limited AWD||$284||$654||$726||$42||$218||$1,924||$160|
|Edge Sport 2WD||$284||$654||$726||$42||$218||$1,924||$160|
|Edge Sport AWD||$284||$654||$726||$42||$218||$1,924||$160|
|Get Your Own Custom Quote Go|
Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Prices do not factor in vehicle location which can revise coverage prices noticeably.
Does it make sense to buy full coverage?
The example below shows the comparison of Ford Edge auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no violations or accidents, $100 deductibles, marital status is single, and no policy discounts are applied.
Are you wasting money paying for full coverage?
There is no set rule for excluding full coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Ford Edge book value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after the deductible is paid. If premiums are more than $200 a year for full coverage, then you might consider buying liability only.
There are a few situations where dropping physical damage coverage is not a good plan. 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.
Are car insurance agents a thing of the past?
Certain consumers prefer to visit with an insurance agent and that is a personal choice. One of the best bonuses of comparing car insurance online is that you can find cheap car insurance rates but also keep your business local.
For easy comparison, once you complete this form (opens in new window), the coverage information is immediately sent to agents in your area who will give competitive quotes for your business. There is no need to drive around due to the fact that quote results will go to you directly. You can get cheaper car insurance rates and work with a local agent. If you need to get a rate quote for a specific company, you just need to go to their quote page and fill out the quote form the provide.
Choosing an insurer is decision based upon more than just a cheap price. You should also get answers to these questions.
- Are they full-time agents?
- How many years have they been established?
- Is assistance available after office hours?
- Does the agent have a valid license to sell insurance in Michigan?
- Do they receive special compensation for putting your coverage with one company over another?
If you would like to find a local Detroit insurance agent, it can be helpful to understand the different agency structures and how they operate. Agents in Detroit may be either independent or exclusive.
Exclusive Insurance Agencies
Agents that choose to be exclusive can usually just insure with one company such as Allstate, State Farm and Farmers Insurance. They are unable to provide other company’s prices so it’s a take it or leave it situation. They receive a lot of sales training on the products they sell and that can be a competitive advantage.
The following is a list of exclusive agents in Detroit that can give you price quotes.
Jim Saucedo – State Farm Insurance Agent
5602 Vernor Hwy – Detroit, MI 48209 – (313) 841-8100 – View Map
Independent agents do not work for one specific company so they have the ability to put coverage with any number of different companies and find you cheaper rates. If your premiums go up, they simply switch companies in-house and you can keep the same agent. If you are comparing rate quotes, we recommend you check rates from independent agents for the best price selection.
Below is a list of independent agents in Detroit that can give you price quotes.
Dave Gilead Insurance Agency
18323 W McNichols Rd – Detroit, MI 48219 – (313) 533-3220 – View Map