There’s nothing more exciting than finding a vehicle you love and hitting the open road. But before you head out in your Ford Edge, you’ll want to get car insurance to keep you covered on your ride. Selecting a car insurance option that works for your budget and lifestyle is an important way to protect your investment. Read on to learn about Ford Edge car insurance and to discover some of your best options for insurance providers.
Why Should You Insure Your Ford Edge?
Selecting car insurance is an important choice for any vehicle. When you purchase car insurance, you enter a contract with your insurance company. This contract means that you’ll pay a monthly or yearly fee, or premium, in exchange for financial coverage in the case of an auto accident. Coverage amounts and details can vary based on your policy, but car insurance generally covers vehicle damages or medical bills that result from an accident. Liability insurance, which is usually included in your policy, covers any medical expenses or damages that the other driver may sustain in an accident.
It’s important to seek coverage so that you can remain financially protected in the event of an accident. Even if you’re not the one responsible, an accident can be costly if you don’t have the proper coverage. In addition to your own financial peace of mind, many states require drivers to have car insurance before getting behind the wheel. If you want to finance a vehicle, you may also need to hold a certain level of coverage to work with lenders. To keep you and your Ford Edge safe and protected, car insurance is a worthy investment.
Is Ford Edge Insurance Expensive?
On average, insuring the Ford Edge will cost about $1,364 per year, or about $114 per month, according to insuraviz.com. This is about $7 less expensive than insurance for the average vehicle. The calculation for this figure can vary greatly based on factors like your age, location, driving record, or the model or trim of your vehicle. Overall, though, you can expect to pay about the average amount for your Ford Edge car insurance.
When compared to other SUVs in its field, the Ford Edge is actually one of the cheaper options. Of 29 possible entries in the midsize SUV category, the Edge has the third-lowest average insurance rate. Compared to the average insurance price for the midsize SUV category, which is $1,532 per year, the Edge’s $1364 insurance price tag is about $168 less.
Some factors that can influence a vehicle’s insurance price are its cost and power. Since an insurance company may often pay damages up to the vehicle’s cost if you need a replacement after an accident, a more expensive vehicle can require a larger premium. With enhanced power and speed options, you may pay more for insurance based on the potential risks of higher-powered driving.
What Are Some Good Companies for Ford Edge Insurance?
There are many factors that can influence your insurance company selection. In addition to rates that can vary based on your location or coverage needs, some companies offer discounts, like one for good drivers, that can affect your choices. It’s important to shop around and do your research before committing to any one company. However, learning about some top options can help you begin your search. Here are three cost-effective Ford Edge insurers, with rate data from thezebra.com:
For the 2020 model of the Ford Edge, Nationwide’s average yearly cost was $1,013. This is well below the vehicle’s average insurance price. In addition, Nationwide’s associated company, Allied, also offers great rates for your Ford Edge. Be sure to check out both companies’ options to see if any work for you.
Eerie offers an average rate of $1,244 for Ford Edge insurance. Although a bit higher than Nationwide’s average rates, Eerie may have some deals that meet your needs. Still well below the average Ford Edge insurance price, this is a great option for you to consider. Keep in mind that Eerie only operates in 12 states, though, so it may not be available where you live.
On average, it will cost about $1,325 to insure your vehicle with Geico. This number is the highest of the three options mentioned here, but still below average. If you’re looking for a national carrier with some affordable options, Geico is worth a second look.
How Does the Ford Edge Insurance Price Vary by Trim Level?
According to insuraviz.com, the price for Ford Edge insurance can depend on the trim level that you select:
SE (base-level trim): $1,280 per year
SEL: $1,334 per year
Titanium: $1,380 per year
ST-Line: $1,402 per year
ST: $1,426 per year
In this case, insurance rates increase as the trims go up in features offered and price. In addition, the model year of your Ford Edge can affect its insurance price. Be sure to consider all these options when selecting your vehicle and when applying for your ideal coverage.
What Else Should You Consider When Insuring Your Ford Edge?
Price is an extremely important factor when choosing an insurance company, but it’s not the only one. You’ll also want to work with a company that will be there for you when you need it. Consider researching customer satisfaction rates for some of your favorite companies. Another thing you should think about is your location and how it affects your insurance options. Some companies may only operate in a few states or areas, but they may offer great rates and coverage. Be sure to run through all your potential options before making your final choice.
A Ford Edge is a great vehicle that can take you where you need to go. But no matter how safe and enjoyable your ride may be, it’s not complete without insurance. This article offers a few options for your Ford Edge insurance, but it’s still important for you to consider as many options as you can. With a little research, you can find an option that keeps you covered without breaking the bank.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.