Scraping up a payment for overpriced Ford Edge insurance in Chicago can bleed your checking account and put a big crunch on your finances. Comparing cost estimates can help to ensure you are getting the best deal.
Remarkably, a study showed that nearly 70% of consumers have purchased from the same company for more than four years, and nearly half have never quoted insurance rates at all. Illinois insurance shoppers could cut their rates by $600 a year by just comparing quotes, but most tend to underestimate the actual amount they would save if they switched.
Since you have so many options for buying cheaper insurance for a Ford Edge in Chicago, it can be hard to pick the right insurance provider.
Save money on Ford Edge insurance in Chicago with these discounts
Some insurers don't always publicize all discounts very clearly, so the list below details both well-publicized and also the lesser-known discounts you could be receiving when you buy Chicago auto insurance online.
- Student Driver Training - Cut your cost by having your teen driver enroll in driver's education if it's offered in school.
- Include Life Insurance and Save - Insurance companies who offer life insurance give a break if you buy auto and life insurance together.
- Chicago Homeowners Discount - Being a homeowner can earn you a little savings because it means you have a higher level of financial diligence.
- Air Bag Discount - Options like air bags could see savings of up to 25% or more.
- Multi-Vehicle Discounts - Having multiple cars with the same company qualifies for this discount.
- One Accident Forgiven - This one is not really a discount per se, but some companies like Allstate, State Farm and GEICO allow you one accident before hitting you with a surcharge if your claims history is clear for a specific time period.
- Early Payment Discounts - By paying your policy upfront instead of paying each month you can avoid the installment charge.
Drivers should understand that some credits don't apply to the overall cost of the policy. A few only apply to individual premiums such as liability and collision coverage. So even though they make it sound like you can get free auto insurance, you won't be that lucky.
Popular car insurance companies and some of the premium reductions they offer are detailed below.
- State Farm discounts include accident-free, Steer Clear safe driver discount, Drive Safe & Save, good student, and defensive driving training.
- Progressive includes discounts for continuous coverage, online quote discount, homeowner, good student, online signing, multi-policy, and multi-vehicle.
- Travelers may include discounts for continuous insurance, multi-car, driver training, student away at school, IntelliDrive, early quote, and new car.
- American Family offers premium reductions for bundled insurance, good driver, mySafetyValet, accident-free, air bags, good student, and multi-vehicle.
- Liberty Mutual policyholders can earn discounts including multi-car, preferred payment discount, newly retired, safety features, multi-policy, good student, and hybrid vehicle.
Before you buy a policy, ask all companies you are considering which discounts they offer. All car insurance discounts might not apply everywhere.
How to find low cost Ford Edge insurance in Chicago, Illinois
Just keep in mind that comparing more prices helps increase your odds of locating better pricing.
The companies shown below have been selected to offer free rate quotes in Chicago, IL. If multiple companies are shown, we recommend you click on several of them to get a more complete price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Edge SE 2WD | $188 | $376 | $340 | $20 | $102 | $1,026 | $86 |
| Edge SE AWD | $152 | $334 | $274 | $16 | $82 | $858 | $72 |
| Edge SEL 2WD | $150 | $336 | $246 | $14 | $74 | $820 | $68 |
| Edge Limited 2WD | $94 | $210 | $294 | $18 | $88 | $704 | $59 |
| Edge SEL AWD | $104 | $242 | $340 | $20 | $102 | $808 | $67 |
| Edge Limited AWD | $120 | $284 | $340 | $20 | $102 | $866 | $72 |
| Edge Sport 2WD | $172 | $396 | $246 | $14 | $74 | $902 | $75 |
| Edge Sport AWD | $120 | $246 | $266 | $16 | $80 | $728 | $61 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Premium amounts do not factor in specific Chicago garaging location which can revise premium rates significantly.
Physical damage deductibles
One frequently asked question is which deductible level should you buy. The rates below can help you visualize the rate difference when you buy lower versus higher comp and collision deductibles. The first set of prices uses a $250 physical damage deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Edge SE 2WD | $176 | $280 | $262 | $16 | $78 | $837 | $70 |
| Edge SE AWD | $176 | $340 | $262 | $16 | $78 | $897 | $75 |
| Edge SEL 2WD | $176 | $340 | $262 | $16 | $78 | $897 | $75 |
| Edge Limited 2WD | $176 | $340 | $262 | $16 | $78 | $897 | $75 |
| Edge SEL AWD | $176 | $340 | $262 | $16 | $78 | $897 | $75 |
| Edge Limited AWD | $202 | $400 | $262 | $16 | $78 | $983 | $82 |
| Edge Sport 2WD | $202 | $400 | $262 | $16 | $78 | $983 | $82 |
| Edge Sport AWD | $202 | $400 | $262 | $16 | $78 | $983 | $82 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Edge SE 2WD | $142 | $226 | $262 | $16 | $78 | $724 | $60 |
| Edge SE AWD | $142 | $274 | $262 | $16 | $78 | $772 | $64 |
| Edge SEL 2WD | $142 | $274 | $262 | $16 | $78 | $772 | $64 |
| Edge Limited 2WD | $142 | $274 | $262 | $16 | $78 | $772 | $64 |
| Edge SEL AWD | $142 | $274 | $262 | $16 | $78 | $772 | $64 |
| Edge Limited AWD | $164 | $322 | $262 | $16 | $78 | $842 | $70 |
| Edge Sport 2WD | $164 | $322 | $262 | $16 | $78 | $842 | $70 |
| Edge Sport AWD | $164 | $322 | $262 | $16 | $78 | $842 | $70 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Information does not factor in specific Chicago garaging location which can revise premiums greatly.
Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $11 more each month or $132 every year than quoting the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you go at a minimum 23 months between claims, you would probably be better off going with the higher deductible.
How to calculate deductible break even period
| Average monthly premium for $250 deductibles: | $77 |
| Average monthly premium for $500 deductibles (subtract): | - $66 |
| Monthly savings from raising deductible: | $11 |
| Difference between deductibles ($500 - $250): | $250 |
| Divide difference by monthly savings: | $250 / $11 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
Don't I need to have guidance from an insurance agent?
Many people prefer to talk to an insurance agent and there is nothing wrong with that. An additional benefit of getting free rate quotes online is that you can find cheaper premium rates and still choose a local agent. Buying from local agents is important particularly in Chicago.
After filling out this simple form, your coverage information is transmitted to local insurance agents in Chicago who will gladly provide quotes for your auto insurance coverage. It makes it easy because there is no need to search for an agent since price quotes are sent to the email address you provide. You can get cheaper auto insurance rates without the usual hassles of price shopping. If for some reason you want to get a rate quote for a specific company, you can always navigate to their website and give them your coverage information.
When looking for a reliable agent, it's important to understand the different types of agents and how they are slightly different. Auto insurance policy providers can be classified as either exclusive or independent.
Independent Auto Insurance Agents
These agents are not employed by any specific company so they can write business with many different companies and find the cheapest rate. If you are not satisfied with one company, the business is moved internally without you having to go to a different agency. If you are trying to find cheaper rates, you will definitely want to include price quotes from several independent insurance agents to get the best comparison.
The following is a partial list of independent insurance agencies in Chicago that may be able to give free price quotes.
Public Insurance Agency
3656 N Cicero Ave - Chicago, IL 60641 - (773) 725-9333 - View Map
Great Northern Insurance Agency
5632 S Pulaski Rd - Chicago, IL 60629 - (773) 838-3900 - View Map
Eagle Insurance Agency
3517 N Spaulding Ave - Chicago, IL 60618 - (773) 463-7576 - View Map
Exclusive Insurance Agents
Exclusive insurance agents work for only one company and some examples include Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot compare rates from other companies so they really need to provide good service. These agents are very knowledgeable in insurance sales which helps them sell insurance even at higher premiums.
Below are Chicago exclusive insurance agencies that can give you rate quotes.
Bill Dillard - State Farm Insurance Agent
516 W Diversey Pkwy - Chicago, IL 60614 - (773) 549-2605 - View Map
Jim Mays Jr - State Farm Insurance Agent
4465 N Milwaukee Ave - Chicago, IL 60630 - (773) 282-1500 - View Map
Kathleen McKenzie - State Farm Insurance Agent
725 W 31st St - Chicago, IL 60616 - (312) 791-1200 - View Map
Choosing an auto insurance agent shouldn't rely on just a cheap quote. Ask your prospective agent these questions:
- Do they offer claims assistance after hours?
- How are claims handled?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Are they full-time agents?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- How experienced are they in personal risk management?
- Does the company have a local claim office in Chicago?
After you get positive responses and the cheapest Ford Edge insurance in Chicago quotes, you've probably found an insurance agency that meets the criteria to properly service your auto insurance policy.
One last note
When you buy Chicago auto insurance online, it's very important that you do not reduce coverage to reduce premium. There are a lot of situations where someone sacrificed physical damage coverage only to discover later they didn't purchase enough coverage. The ultimate goal is to get the best coverage possible at a price you can afford, not the least amount of coverage.
You just read a lot of information how to get a better price on Ford Edge insurance in Chicago. The key thing to remember is the more providers you compare, the better your comparison will be. You may even discover the most savings is with a lesser-known regional company. These companies often have lower premium rates on specific markets as compared to the big name companies such as Allstate or State Farm.
For more information, take a look at the following helpful articles:
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Who Has Affordable Auto Insurance Rates for a Ford Escape in Chicago? (FAQ)
- What Car Insurance is Cheapest for Immigrants in Chicago? (FAQ)
- Who Has the Cheapest Chicago Auto Insurance for a Chevrolet Silverado? (FAQ)
- Who Has the Cheapest Chicago Auto Insurance for a Nissan Altima? (FAQ)
- How Much is Chicago Car Insurance for Electric Cars? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Homeowners in Chicago? (FAQ)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Rental Reimbursement Coverage (Allstate)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)