Who Has Cheap Auto Insurance for a Ford Edge in Denver?

Buying affordable car insurance for a Ford Edge is pretty straightforward, but it is dependent upon lots of different rating factors such as whether you are single or married, your residence address, and if you have a history of accidents. Drivers will pay on average $858 per year to insure their Edge, but that price is an estimate calculated based on a 50-year-old single female driver with both comprehensive and collision coverage and $1,000 deductibles.

It’s highly likely you aren’t exactly 50 years old or even a female, maybe you are married instead of single, or maybe you have a teenager that needs to be on your policy. Even a slight difference in rating factors or requested coverage amount can result in a massive change in the cost of insuring your Edge.

Auto insurance is unique to each driver, so the best method for finding the cheapest rates for your Ford is to just compare rates yourself.

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Your vehicle’s trim level will influence the insurance rate, so the rate you pay to insure a Edge SE 2WD trim level will be $118 less than the cost to insure the fancier Edge Sport AWD version, as shown in the table below.

Ford Edge Insurance Rates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Edge SE 2WD $126 $232 $396 $24 $118 $896 $75
Edge SE AWD $126 $282 $396 $24 $118 $946 $79
Edge SEL 2WD $126 $282 $396 $24 $118 $946 $79
Edge Limited 2WD $126 $282 $396 $24 $118 $946 $79
Edge SEL AWD $126 $282 $396 $24 $118 $946 $79
Edge Limited AWD $144 $332 $396 $24 $118 $1,014 $85
Edge Sport 2WD $144 $332 $396 $24 $118 $1,014 $85
Edge Sport AWD $144 $332 $396 $24 $118 $1,014 $85
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate quotes do not factor in specific location which can modify auto insurance rates noticeably.

Finding decent, cheap insurance is not the easiest thing to accomplish, and figuring out which company offers the most affordable car insurance rates for a Ford Edge will require a little more work.

Each auto insurer has a proprietary method to establish rates, so let’s begin by examining the overall cheapest car insurance companies in Colorado. It’s important that readers know that Colorado car insurance rates are calculated based on many things that will increase or decrease the price of coverage. Simply getting older, adding a teenager to your policy, or getting a ticket for careless driving can trigger changes in premium resulting in some rates now being more expensive than before.

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The Hartford offers some of the best car insurance rates in Denver at around $850 per year. Grange, USAA, Nationwide, and Auto-Owners would also make the list of some of the more affordable Denver, CO car insurance companies.

In the above example, if you currently have coverage with Nationwide and switched to Grange, you might achieve yearly savings of in the neighborhood of $134. Insureds with Auto-Owners may save as much as $169 a year, and GEICO insureds might realize rate reductions of up to $189 a year.

These premiums are averages across all types of drivers and the different vehicles they drive and and are not figured with an exact vehicle garaging location for a Ford Edge. So the car insurance company that is most affordable for your situation may not even be in the top 21 companies in the list above. That’s why you need to get car insurance quotes using your own driver data and vehicle information.

Accidents and violations increase rates

A great way to score low car insurance premiums in Colorado for an Edge is to drive attentively and avoid traffic citations and accidents. The illustration below shows how speeding tickets and accidents raise insurance costs for different categories of driver ages. The rates are based on a single female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

In the example above, the average cost of an auto insurance policy per year with no accidents or violations is $1,721. Get written up for two speeding tickets and the average cost jumps to $2,293, an increase of $572 each year. Then throw in one accident along with the two speeding tickets and the annual cost of car insurance for a Ford Edge goes up to an average of $2,873. That’s an increase of $1,152, or $96 per month, just for not maintaining a clean driving record!

Rate difference between full and liability-only coverage

Reducing premiums for car insurance is the goal of most vehicle owners, and one great way to buy cheap insurance for a Ford Edge is to only buy liability insurance. The illustration below shows the comparison of insurance costs with liability coverage only compared to full coverage. Data assumes no claims, a clean driving record, $500 deductibles, marital status is single, and no discounts are applied to the premium.

As an average for all age groups, full coverage on your policy costs an extra $1,802 per year over and above liability coverage. That is a large expense which might make you wonder when is it a good idea to stop buying full coverage. There isn’t a steadfast formula to eliminate comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

The diagram below demonstrates how deductibles can raise or lower yearly insurance costs when quoting cheap insurance for a Ford Edge. The premium estimates are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.

The chart above illustrates that a 40-year-old driver could save $330 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $498 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old, could possibly save as much as $1,110 or more by choosing a larger deductible amount. If you do decide to increase your deductibles, it’s a good idea to have additional savings on hand to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.