Ford Edge insurance cost image courtesy of QuoteInspector.com
Finding cheaper car insurance for a Ford Edge in Colorado is usually pretty straightforward, but it depends on a complex formula that considers things such as how you use your Edge, your credit rating, and your choice of physical damage deductibles. Colorado drivers pay approximately $1,471 annually to insure their Edge, but that cost is a valuation based on a 30-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
There's a high likelihood you aren't exactly 30 years old or even a female, possibly married instead of single, and you don't want the same coverages and limits as the example. Not every driver requires the same auto insurance coverages, so the way we recommend to find the cheapest rates for your Ford is to compare rates from as many companies as possible.
Your vehicle's trim level can impact the yearly cost, so the price you pay to insure a Edge SE 2WD will be $284 less than the price to insure the higher-end Edge Sport AWD trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Edge SE 2WD||$292||$552||$474||$28||$142||$1,488||$124|
|Edge SE AWD||$292||$672||$474||$28||$142||$1,608||$134|
|Edge SEL 2WD||$292||$672||$474||$28||$142||$1,608||$134|
|Edge Limited 2WD||$292||$672||$474||$28||$142||$1,608||$134|
|Edge SEL AWD||$292||$672||$474||$28||$142||$1,608||$134|
|Edge Limited AWD||$336||$792||$474||$28||$142||$1,772||$148|
|Edge Sport 2WD||$336||$792||$474||$28||$142||$1,772||$148|
|Edge Sport AWD||$336||$792||$474||$28||$142||$1,772||$148|
|Get Your Own Custom Quote Go|
Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific zip code location which can revise coverage prices noticeably.
Deciding which companies quote the most affordable insurance rates for a Ford Edge takes more work in order to find coverage that fits your budget.
Each auto insurance company has a unique approach to set their prices, so we'll go over the overall cheapest insurance companies in Colorado Springs. It's a good idea to be aware that Colorado insurance rates are influenced by many factors that can increase your annual premium. Turning one year older, increasing deductibles, or getting a speeding ticket may prompt premium changes that may make certain companies cheaper than competitors.
Best Cheap Insurance Rates for Your Edge
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,592|
|View More Rates Go|
The Hartford has some of the most affordable car insurance rates in Colorado Springs at around $834 per year. This is $744 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners also qualify as some of the more affordable Colorado Springs, CO auto insurance companies.
In the rate table above, if you currently buy coverage from Nationwide and switched to Grange, you might see a yearly savings of about $197. Colorado drivers with Auto-Owners may save as much as $198 a year, and Travelers insureds might lower prices by up to $213 a year.
Remember that these prices are averages across all types of insureds and vehicles and do not factor in an exact zip code location for a Ford Edge. So the insurer that is most affordable for your situation may not even be in the list above. That emphasizes why you need to get quotes using your own driver and vehicle profiles.
Get discounts on Colorado Springs insurance
Car insurance companies that offer coverage for a Ford Edge may also give you policy discounts that can reduce rates by 35% or more if you qualify for them. Companies and their offered discounts are outlined below.
- GEICO may have discounts that include federal employee, defensive driver, membership and employees, multi-policy, anti-lock brakes, good student, and driver training.
- Mercury Insurance discounts include age of vehicle, professional/association, annual mileage, accident-free, and low natural disaster claims.
- Farmers Insurance has discounts for switch companies, mature driver, electronic funds transfer, good student, multi-car, and homeowner.
- Auto-Owners Insurance may include discounts for anti-lock brakes, student away at school, anti-theft, company car, air bags, and multi-policy.
- Liberty Mutual includes discounts for multi-policy, newly married, multi-car, good student, new graduate, exclusive group savings, and preferred payment discount.
- SAFECO may offer discounts for teen safe driver, accident prevention training, drive less, multi-car, safe driver, bundle discounts, and anti-theft.
- Progressive offers discounts for homeowner, online signing, multi-policy, online quote discount, and continuous coverage.
- USAA has savings for military installation, loyalty savings, family discount, vehicle storage, multi-vehicle, and good student.
The information below illustrates the comparison of insurance premiums with and without discounts applied to the premium. The rate quotes are based on a male driver, no accidents, no driving violations, Colorado state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with homeowner, accident-free, passive restraint, safe-driver, multiple policy, and defensive driving course discounts applied. In this example, the average amount saved each year on insurance for a Ford Edge is 28% or $599.
Here's why you should compare rates often
Colorado insurance rates are calculated based on many things which can significantly increase or decrease the cost of coverage. Simply turning a year older, moving across town, or getting a speeding ticket may generate price changes that may make certain companies more affordable than competitors. And not only may your rating factors change, but insurance companies change their prices multiple times each year in order to maintain liquidity for claims. A period of higher than normal claims may result in a rate increase, while lower claim levels may cause cheaper Edge insurance rates.
To illustrate this point, the bar chart below shows which companies have the cheapest car insurance in Colorado Springs, CO for a 40-year-old male driver with a clean driving record, no accidents, and solid credit. When comparing rates based on his personal risk profile, The Hartford might offer the best car insurance rates in Colorado Springs at $981 annually. This is $597 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are also on the list of the best Colorado Springs, CO auto insurance companies.
In this next rate comparison, we will give the driver from the first example an accident claim, a lower credit rating, and a speeding citation. Since every insurance provider uses their own method for setting prices, comparing insurance quotes may result in a different ranking of the cheapest car insurance companies in Colorado Springs as shown below.
Travelers now has the cheapest price in Colorado Springs with State Farm, American Family, Progressive, and Amica also having competitive pricing. This demonstrates why it is crucial to compare rates when trying to find the lowest auto insurance quotes for a Ford Edge. Prices can be altered by many different factors and can change without notice, so the cheapest option the last time you shopped your coverage around may now be costing you a lot of money.
If you prefer to have professional advice when buying car insurance for a Ford Edge, the agents listed below can provide answers to your questions and help you determine which coverages and limits you need. To locate an agency using an interactive map, click the button at the bottom or click here to compare prices now.
Kelly Muse - State Farm Insurance Agent
1635 W Uintah St D - Colorado Springs, CO 80904 - (719) 329-1818
A Better Choice Auto Insurance
1863 N Circle Dr - Colorado Springs, CO 80909 - (719) 667-1301
Connie Slater - State Farm Insurance Agent
5731 Silverstone Terrace #120 - Colorado Springs, CO 80919 - (719) 268-9003
State Farm Agent Scott Richter
5885 Stetson Hills Blvd #130 - Colorado Springs, CO 80923 - (719) 591-2300
Jensen Insurance Agency
125 N Parkside Dr #201f - Colorado Springs, CO 80909 - (719) 635-9557
Ideas for buying more affordable auto insurance for a Ford Edge
Below you'll find some of the recommended thrifty suggestions that can help drivers find low-cost coverage.
- Full coverage is expensive so only insure older vehicles for liability only
- Bundle car and home insurance and save money
- Choose a safer vehicle and pay lower rates
- Having at-fault accidents will increase rates
- Avoid price increases by not filing claims
- Do not get tickets or violations
- Shop around for cheaper prices
The last tip is extraordinarily critical, as was affirmed in the prior article. Car insurance prices change constantly, so don't hesitate to switch to a new company if a cheaper rate is available.
Having a favorite company is fine, but it's not a great idea if that loyalty results in overpaying thousands of dollars over several years. It only takes a couple minutes to shop around to find cheaper car insurance for a Ford Edge in Colorado Springs.