Who Has the Cheapest Insurance for a Ford Edge in Minnesota?

The chances of finding cheap insurance for a Ford Edge in Minnesota relies on factors such as the safety features built into your vehicle, where your vehicle is garaged, and violations on your driving record. Drivers in Minnesota will pay on average $1,000 each year to insure an Edge, but that figure is a ballpark figure calculated using a 30-year-old single male that has full comprehensive and collision coverage and $500 policy deductibles.

That rate won’t apply to everyone, because more than likely you’re not a 30-year-old male, possibly married instead of single, or maybe you had a chargeable driving offense. Every driver has different characteristics, so the only way to find the cheapest rates for your Ford is to make a habit of comparing rates at every renewal. Price quotes are quick and you can get prices from some of the most affordable companies available.

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The trim level of your Edge tends to have a direct effect on the coverage cost, so the price you will pay to insure a Edge SE 2WD model will be $148 less than the price to insure the more well-appointed Edge Sport AWD trim level, as shown below.

Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Rate quotes do not factor in specific Minnesota garaging location which can affect coverage prices significantly.

Selecting the best insurance provider can be rather challenging considering how many companies there are to choose from in Minnesota. The ranking information in the lists below can help you decide which car insurance companies to look at comparing rates from.

The rankings below include companies that insure vehicles across America, so companies that focus mainly on Minnesota business are not taken into consideration for this list. To compare rates from the most competitive companies in Minnesota, follow this link.

Get discounts on Minnesota car insurance

Car insurance companies that offer the cheapest insurance for a Ford Edge in Minnesota may also offer premium discounts that can lower rates by 25% or more if you are eligible for them. A few of the larger companies and some of the premium reductions they offer can be found below.

The example below shows the difference between insurance prices with and without discounts applied to the policy rates. The rate quotes are based on a female driver, no claims or violations, Minnesota state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with marriage, safe-driver, claim-free, defensive driving course, multiple policy, and anti-theft discounts applied. With discounts applied, the the average yearly reduction on auto insurance for a Ford Edge is 16% or $242.

Low rates today, overpriced tomorrow

Minnesota auto insurance rates are determined by lots of factors which can significantly increase or decrease the policy premium. Improving your credit score, buying higher coverage limits, or having an accident can produce rate changes that can now make some companies affordable when they were higher priced.

And not only may your rating factors change, but auto insurance companies change the rates they charge in Minnesota as needed to reflect underwriting profits or losses. Heavier than normal losses can cause a rate increase, while lower claims may produce cheaper Edge insurance rates.

For instance, the chart below shows rates for the cheapest car insurance in Minnesota for a 30-year-old male driver with no prior accidents, a clean driving record, and great credit. If we estimate prices based on his personal profile, Travelers might quote the lowest car insurance rates in Minnesota at $661 a year. This is $760 less than the average rate paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and The Hartford round out the rest of the cheapest Minnesota auto insurance companies.

In this example, we will give the driver from the above example an at-fault accident, poor credit, and a blemish on his driving record. Since each auto insurance company uses their own calculation for determining prices, comparing quotes most likely will result in a completely different list of affordable companies as shown below.

Farm Bureau Mutual now has the cheapest price in Minnesota with USAA, Allied, State Farm, and California Casualty also being competitive. This example demonstrates why consumers need to do a thorough rate comparison when trying to find the lowest auto insurance rates for a Ford Edge.

Insurance rates are calculated by many risk factors and change dramatically, so the most economical company the last time you shopped around may now be an over-priced policy.

How to find the cheapest insurance for a Ford Edge in Minnesota

Here are some thrifty ideas that can help you quote more affordable car insurance.

• Multi-policy discounts save money
• Drop full coverage on older vehicles
• Safe vehicles generally have lower rates
• Do not get into accidents
• Drivers with good credit often pay less
• Look for cheaper rates once a year by shopping around

The last tip in the list is notably vital, as we stressed in the prior information. Car insurance prices in Minnesota can be changed at any time, so don’t be hesitant to switch carriers if you can save money.

Staying with the same company for years is fine, but it’s not a good idea if that devotedness results in you overpaying hundreds of dollars a year. In just a couple of minutes you could compare prices and find cheaper car insurance for a Ford Edge.

Cheap Ford Edge insurance quotes

Due to technology, there are many ways to comparison shop for auto insurance in Minnesota, but the most common are from an exlusive agent like Allstate or State Farm, an independent agent, or buying direct from a company like Progressive or Geico.

They all follow the same basic process, but they are slightly different in how they provide price quotes.

Independent agents have contracts with multiple insurance companies and can get policy pricing from each one. These types of agencies are not required to write business for one company and can give you a larger rate selection, which may provide you with better odds of saving money. If premiums increase, the business is moved internally and you won’t have to switch agencies.

An exclusive agent is usually just provide rates from one insurance company, two popular examples being a Liberty Mutual or State Farm agent. Exclusive agents normally do not have the ability to provide a range of price quotes, so it’s a good idea to get additional price quotes.

Auto insurance from a direct company means you bypass local agents and instead buy from a direct company like Esurance. Shopping direct can be a good choice for consumers who have an average risk profile and have a good understanding of what coverage options they need.

When shopping for auto insurance, which way works best to find the cheapest insurance for a Ford Edge in Minnesota? It would be premature to say shopping direct results in the best prices because there are no middleman commissions, but unfortunately, it’s not that simple. A good argument could also be made that an independent agency is the best way to save due to more options, but that’s not always true, either. For some people, the exclusive agents have very competitive rates that are impossible to beat.

Because there are so many factors that make up auto insurance rates, really the only way to ensure you are not overpaying for auto insurance is to do a thorough rate comparison. If time allows, get price quotes from all three to have the best rate selection. We compiled a list of companies with some of the cheapest online rates that you can click here to view.