Buying cheap car insurance for a Ford Edge depends on a whole bunch of factors such as your gender, whether you are claim-free, and driving violations. Drivers in Texas pay around $1,278 each year for Edge insurance, but that is an approximation using a 30-year-old married male driver with full comprehensive and collision coverage and $100 deductibles.
There is a good probability you aren’t exactly 30 years old or even a male, single instead of married, or maybe you prefer liability limits higher than required by Texas state law. This example demonstrates why the best method for finding the cheapest coverage for your Ford is to just take the time to compare rates yourself.
Find Cheaper Ford Edge Insurance
Vehicle trim level will have an impact the insurance rate, so the price to insure a Edge SE 2WD model will be $254 less expensive the cost to insure the more well-appointed Edge Sport AWD model, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Edge SE 2WD | $286 | $486 | $382 | $22 | $114 | $1,290 | $108 |
| Edge SE AWD | $286 | $592 | $382 | $22 | $114 | $1,396 | $116 |
| Edge SEL 2WD | $286 | $592 | $382 | $22 | $114 | $1,396 | $116 |
| Edge Limited 2WD | $286 | $592 | $382 | $22 | $114 | $1,396 | $116 |
| Edge SEL AWD | $286 | $592 | $382 | $22 | $114 | $1,396 | $116 |
| Edge Limited AWD | $328 | $698 | $382 | $22 | $114 | $1,544 | $129 |
| Edge Sport 2WD | $328 | $698 | $382 | $22 | $114 | $1,544 | $129 |
| Edge Sport AWD | $328 | $698 | $382 | $22 | $114 | $1,544 | $129 |
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Prices do not factor in garaging location in Laredo which can revise coverage prices significantly.
Buying coverage from a high-quality car insurance company is difficult considering how many companies there are to choose from in Texas. The rank data in the next section can help you select which providers to look at putting your business with. These ratings are only comprised of the largest companies in the United States, so smaller companies are not factored into this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Careless driving habits raise Laredo auto insurance rates
A great way to maintain cheap auto insurance rates in Texas for an Edge is to drive attentively and not get tickets or have accidents. The information below shows how violations and at-fault fender-benders can influence insurance prices for different insured age categories. The premium estimates are based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
In the chart above, the average cost of an auto insurance policy in Laredo per year with no accidents or violations is $2,632. Factor in one speeding ticket and the average cost jumps to $2,982, an increase of $350 each year. Now get one accident along with the one speeding ticket and the annual cost of auto insurance for a Ford Edge increases to an average of $3,992. That’s an increase of $1,360, or $113 per month, just for not maintaining a clean driving record!
The chart below shows how choosing a deductible can influence annual premium costs when getting quotes for cheap insurance for a Ford Edge. The prices are based on a single male driver, comp and collision included, and no discounts are applied.
In the chart above, a 30-year-old driver could lower their car insurance rates by $476 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $716 by changing to a $1,000 deductible. Youthful drivers, like the age 20 example, can cut as much as $1,414 or even more by choosing a higher deductible.
When using a larger deductible, it is necessary to have additional funds squirreled away to satisfy the extra out-of-pocket expense, which deters some people from using high deductibles.
Full coverage rates vs. liability-only in Laredo
Reducing premiums for auto insurance is important to the majority of people, and one great way to buy cheaper insurance for a Ford Edge is to only buy liability insurance. The diagram below illustrates the comparison of auto insurance rates with and without physical damage coverage. The rate quotes are based on no claims or violations, $100 deductibles, drivers are single, and no policy discounts are applied.
If averaged for all ages, physical damage coverage on your policy costs $2,785 per year over and above liability only. That is a large expense and it proposes the question if you should buy full coverage. There is no definitive rule of when to exclude physical damage coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your vehicle’s replacement cost is $12,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $11,000 after paying your deductible. If you are paying over $1,100 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.