Cheap Insurance for a Ford Edge in Laredo

Overpriced Ford Edge insurance in Laredo can drain your savings and possibly require you to analyze your spending habits. Shopping your coverage around is a great way to slash your bill and have more diposable income.

Sad but true, 70% of consumers have purchased from the same company for well over three years, and nearly 40% of drivers have never quoted insurance rates at all. Laredo drivers could save nearly $1,766 every year by just comparing rate quotes, but they don’t want to spend time to save money by comparing rate quotes. Lots of car insurance companies contend for your hard-earned dollar, and it can be difficult to compare rates to get the lowest price on Ford Edge insurance in Laredo.

The companies in the list below are our best choices to provide free rate quotes in Texas. If you want the best auto insurance in Laredo, TX, we suggest you click on several of them in order to get a fair rate comparison.

Insuring your vehicle just makes sense

Despite the high cost, insurance is required by state law in Texas and it also provides benefits you may not be aware of.

• Most states have minimum liability requirements which means you are required to carry a specific level of liability protection if you don’t want to risk a ticket. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a lien on your Ford Edge, it’s most likely the lender will force you to have comprehensive coverage to guarantee payment of the loan. If the policy lapses, the lender may have to buy a policy to insure your Ford for a much higher rate and require you to pay the higher premium.
• Car insurance protects both your vehicle and your personal assets. Insurance will pay for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of your driving. If your Ford gets damaged, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of buying car insurance greatly outweigh the cost, particularly for liability claims. According to a 2015 survey, the average American driver overpays as much as $810 a year so smart consumers compare quotes at every policy renewal to save money.

Ford Edge detailed coverage information

The information shown next outlines estimates of insurance rates for Ford Edge models. Being aware of how auto insurance premiums are established is important for you to make smart choices when selecting a policy.

Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Premium amounts do not factor in specific zip code location which can modify coverage rates considerably.

Car insurance deductibles

When shopping for car insurance, a common question is which deductibles should you choose. The data tables below outline the price difference of buying low and high deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Premium amounts do not factor in garaging location in Laredo which can alter price quotes considerably.

We can estimate from the data above that using a $100 deductible will cost you approximately $38 more each month or $456 annually than opting for the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 24 months between claims, you would come out ahead by going with a higher deductible.

The information below demonstrates how deductibles and can increase or decrease Ford Edge annual premium costs for each different age category. The information is based on a single female driver, full coverage, and no discounts are factored in.

Ford Edge full coverage rates compared to liability only

The illustration below compares Ford Edge insurance premiums with full physical damage coverage and with liability coverage only. The premiums are based on no violations or claims, $250 deductibles, drivers are not married, and no discounts are applied.

Are you wasting money on full coverage?

There is no clear-cut formula of when to exclude comp and collision coverage, but there is a general school of thought. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Ford Edge claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,000 after you pay the deductible. If premium cost is more than $600 a year for physical damage coverage, then you may want to consider only buying liability coverage.

There are a few cases where only buying liability is not financially feasible. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

Get cheaper Ford Edge insurance in Laredo with discounts

Not too many consumers would say car insurance is affordable, but you might find some hidden discounts that can help lower your rates. Most are applied when you quote, but a few must be requested specifically before you will receive the discount.

• Senior Discount – Drivers that qualify as senior citizens could receive reduced rates.
• Early Switch Discount – A few insurance companies offer discounts for switching policies prior to your current Edge insurance policy expiration. It could save around 10% when you buy Laredo car insurance online.
• Organization Discounts – Joining a qualifying organization could trigger savings on your policy.
• Defensive Driving Course – Passing a course teaching defensive driver skills could save 5% or more depending on where you live.
• Accident Forgiveness Coverage – This one isn’t a discount, but a few companies such as GEICO, Progressive, and Allstate may permit one accident before they charge you more for coverage if your claims history is clear prior to being involved in the accident.
• Air Bags and Passive Restraints – Vehicles equipped with air bags or motorized seat belts may earn rate discounts of 20% or more.
• Theft Deterrent – Vehicles optioned with advanced anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
• Multi-line Discount – Some companies give a break if you buy a life policy as well.
• College Student – Children who are attending college and don’t have a car may be insured at a cheaper rate.
• Military Discounts – Being on active duty in the military could trigger a small discount.

As a sidenote, many deductions do not apply to the entire policy premium. Most only apply to specific coverage prices like comp or med pay. Even though it appears all those discounts means the company will pay you, it just doesn’t work that way.

The illustration below visualizes the comparison of Ford Edge insurance rates with and without some available policy discounts. The premiums are based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, homeowner, multi-car, and multi-policy discounts applied.

Some of the insurance companies that possibly offer these discounts may include but are not limited to:

• State Farm
• GEICO
• Liberty Mutual
• The Hartford
• MetLife
• Progressive

If you want affordable Laredo car insurance quotes, ask every prospective company which credits you are entitled to. A few discounts may not apply to policyholders everywhere.

Local agents and insurance

Many drivers still like to get professional advice from a licensed agent and that is OK! Professional insurance agents are highly skilled in risk management and give you someone to call. An additional benefit of price shopping on the web is that you can find cheap rate quotes and still buy from a local agent. And supporting local agencies is still important in Laredo.

To find an agent, once you fill out this simple form, your information is immediately sent to local insurance agents in Laredo who will give you quotes for your business. You don’t have to leave your house since price quotes are sent instantly to you. If you want to get a rate quote from a particular provider, you just need to navigate to their website and fill out their quote form.

Two types of Laredo car insurance agents

If you are searching for local Laredo agents, you should know the types of agencies and how they work. Insurance agencies in Laredo are categorized either exclusive agents or independent agents. Both types of agents can provide insurance policies, but it’s worth mentioning the subtle differences since it can affect the kind of agent you use.

Independent Insurance Agents

Independent insurance agents often have many company appointments so they have the ability to put coverage through many different insurance companies depending on which coverage is best. To move your coverage to a new company, they can switch companies in-house without you having to go to a different agency.

If you need cheaper insurance rates, you should always include at a minimum one independent agency so that you can do a thorough price comparison.

Below are independent agencies in Laredo who can help you get free insurance rate quotes.

More Laredo agents

Exclusive Insurance Agents

Agents in the exclusive channel are contracted to one company and some examples include American Family, State Farm, and Allstate. These agents are unable to compare other company’s rates so they have no alternatives for high prices. Exclusive insurance agents are usually quite knowledgeable on the products they sell and that enables them to sell even at higher rates.

Listed below is a list of exclusive insurance agents in Laredo that are able to give price quote information.

More Laredo agents

Choosing an insurance agency shouldn’t rely on just the bottom line cost. These are some questions your agent should answer.

• How long has the business existed?
• Is the agency active in community causes in Laredo?
• Are there any hidden costs in their price quote and does it include driving and credit history?
• What is the financial rating for the quoted company?
• Will the agent or a CSR service your policy?

Auto insurance coverage information

Having a good grasp of your policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Shown next are typical coverages offered by insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and also any damage incurred to your Ford Edge.

Since a lot of drivers only carry the minimum required liability limits (which is 30/60/25), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive auto coverage

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, damage from getting keyed, fire damage, hitting a bird and vandalism. The maximum payout your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Auto collision coverage

Collision insurance will pay to fix damage to your Edge caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims like sustaining damage from a pot hole, crashing into a building, colliding with another moving vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible on your Edge to bring the cost down.

Medical payments and PIP coverage

Med pay and PIP coverage reimburse you for expenses for things like hospital visits, X-ray expenses and ambulance fees. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Auto liability

This coverage will cover injuries or damage you cause to other people or property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 30/60/25 that translate to a limit of $30,000 per injured person, $60,000 for the entire accident, and $25,000 of coverage for damaged property. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims like loss of income, medical services, emergency aid and court costs. How much liability coverage do you need? That is a decision to put some thought into, but buy as large an amount as possible. Texas requires drivers to carry at least 30/60/25 but you should think about purchasing more liability than the minimum.

The chart below shows why low liability limits may not be enough coverage.

Car insurance savings summarized

You just read a lot of ways to save on Ford Edge insurance in Laredo. The key concept to understand is the more companies you get auto insurance rates for, the better your chances of lowering your auto insurance rates. Consumers may even find the lowest rates are with a smaller regional carrier. These companies often have lower auto insurance rates on specific markets compared to the large companies like State Farm and Allstate.

Lower-priced Ford Edge insurance in Laredo can be bought online and from local insurance agents, so you need to quote Laredo car insurance with both to get a complete price analysis. A few companies do not provide price quotes online and most of the time these small insurance companies work with independent insurance agents.

As you go through the steps to switch your coverage, make sure you don’t buy lower coverage limits just to save a few bucks. There are a lot of situations where someone sacrificed uninsured motorist or liability limits and found out when filing a claim that the savings was not a smart move. The aim is to purchase plenty of coverage for the lowest price, but do not skimp to save money.

How to buy affordable Ford Edge insurance in Laredo

To save the most money, the best way to get affordable Ford Edge insurance in Laredo is to regularly compare quotes from insurance carriers who sell insurance in Texas.

1. Try to understand the coverage provided by your policy and the things you can control to prevent expensive coverage. Many risk factors that are responsible for high rates such as careless driving and a negative credit history can be remedied by being financially responsible and driving safely.
2. Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like GEICO or Allstate, while independent agents can quote prices from multiple insurance companies.
3. Compare the new quotes to your existing policy and determine if cheaper Edge coverage is available. If you find better rates and make a switch, make sure coverage is continuous and does not lapse.
4. Provide proper notification to your current company to cancel your existing policy. Submit a completed application and payment to the new company. As soon as you have the new policy, put the certificate verifying coverage with the vehicle registration.

An essential thing to point out is to try to use the same physical damage deductibles and liability limits on each price quote and and to analyze every insurance company. This helps ensure an apples-to-apples comparison and a thorough selection of prices.

For more information, link through to the resources below:

• Comprehensive Coverage (Liberty Mutual)
• Who Has Affordable Car Insurance Rates for Police Officers in Laredo? (FAQ)
• Who Has Cheap Car Insurance Quotes for Teachers in Laredo? (FAQ)
• Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
• Top Signs Your Brakes are Giving Out (State Farm)