Who Has Cheap Laredo Auto Insurance for a Ford Edge?

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.

Ford Edge Insurance Rates in Laredo, TX
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.

Top Auto Insurance Companies for a Ford Edge in Laredo, TX
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.