Who Has Affordable Albuquerque Car Insurance for a Ford Edge?

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Ford Edge insurance
Ford Edge insurance image courtesy of QuoteInspector.com

Buying economical insurance for a Ford Edge is pretty simple for most people to do, but it depends on an enormous amount of factors such as the age of the Edge, the size of your vehicle, and blemishes on your driving record. New Mexico drivers pay approximately $945 annually for Edge insurance, but that cost is a valuation using a 40-year-old married male driver with full comprehensive and collision coverage and $250 deductibles.

When projecting a rate like this, the problem is that you are not 40 years old and maybe not even male, single instead of married, or maybe you're a renter instead of a homeowner. Even a slight difference in policy rating criteria or coverages could end up in a significant change in the coverage rate.

Everyone has unique insurance needs, and this illustrates why the best method for finding cheap insurance prices for your Ford is to do a thorough rate comparison. To start saving now, get free quotes and you can get prices from top-rated car insurance companies available.

Cheapest Ford Edge Insurance Rates

The specific trim level will influence the insurance rate, so the price you will be charged to insure a Edge SE 2WD model will be $164 less than the insurance cost for the higher-end Edge Sport AWD version, as shown in the table below.

Ford Edge Insurance Rates in Albuquerque, NM
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Edge SE 2WD $198 $318 $332 $20 $100 $968 $81
Edge SE AWD $198 $386 $332 $20 $100 $1,036 $86
Edge SEL 2WD $198 $386 $332 $20 $100 $1,036 $86
Edge Limited 2WD $198 $386 $332 $20 $100 $1,036 $86
Edge SEL AWD $198 $386 $332 $20 $100 $1,036 $86
Edge Limited AWD $226 $454 $332 $20 $100 $1,132 $94
Edge Sport 2WD $226 $454 $332 $20 $100 $1,132 $94
Edge Sport AWD $226 $454 $332 $20 $100 $1,132 $94
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Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rate quotes do not factor in your specific Albuquerque location which can modify insurance rates significantly.

Deciphering which companies have the best auto insurance rates for a Ford Edge requires a little more sweat than just getting one or two price quotes. Every car insurance company has their own guidelines for setting prices, so we'll take a look at the auto insurance companies with the overall best prices in Albuquerque, NM.

It's important to understand that New Mexico auto insurance rates are impacted by many factors that will increase or decrease the price you have to pay. Simply getting older, having a teenage driver, or getting into an accident can cause premium changes resulting in some rates now being more affordable than the competition.

Best Auto Insurance Prices for Your Edge

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Rankings for the cheapest New Mexico auto insurance companies
Rank Company Cost Per Year
1 USAA $657
2 Allied $958
3 Safeco $974
4 Farm Bureau Mutual $1,166
5 Farmers $1,276
6 The Hartford $1,326
7 State Farm $1,336
8 Central Mutual $1,368
9 Progressive $1,505
10 Travelers $1,569
11 MetLife $1,578
12 California Casualty $1,591
13 GEICO $1,592
14 Encompass $1,694
15 Allstate $2,385
16 Liberty Mutual $2,554
17 Sentry $3,082
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USAA offers some of the most affordable car insurance rates in Albuquerque at around $657 a year. This is $911 less than the average policy premium paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers would also make the list of some of the most economical Albuquerque, NM car insurance companies.

As the rates illustrate above, if you have coverage with Safeco and switched to USAA, you might realize annual savings of approximately $317. New Mexico drivers with Farm Bureau Mutual might save as much as $509 a year, and Farmers customers might realize rate reductions of up to $619 a year.

To compare your rates to other New Mexico insurance companies, click here to start a quote or quote prices from the following companies.

Bear in mind that those rates are averaged across all drivers and vehicles and are not factoring in an exact zip code location for a Ford Edge. So the insurer that is best suited for you may not even be in the list above. That point stresses why you need to compare rates from multiple companies using your own personal information and vehicle type.

Drive responsibly or pay higher rates

The easiest method to receive cheap auto insurance premiums in New Mexico for an Edge is to be a cautious driver and avoid accidents and traffic violations. The information below illustrates how traffic citations and accidents can affect car insurance rates for different ages of insureds. The rate quotes are based on a single male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.

In the chart above, the average cost of auto insurance in Albuquerque per year with no violations or accidents is $1,689. Add in two speeding tickets and the average cost jumps to $2,226, an increase of $537 each year. Then include one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Ford Edge increases to an average of $2,782. That's an increase of $1,093, or $91 per month, just for not being more responsible behind the wheel!

The importance of comparing Edge insurance rates

New Mexico auto insurance rates are impacted by many things that control the price you have to pay for coverage. Simply getting older, becoming a homeowner, or having an at-fault accident may prompt premium changes resulting in some companies being more affordable than others.

Not only may your situation change, but companies change the rates they charge in New Mexico multiple times each year to adjust for gains or losses. Higher than normal claim frequency or severity can cause price increases, while better underwriting can result in cheaper Edge insurance rates.

For example, the chart below demonstrates which company has the cheapest car insurance in Albuquerque, NM for a 45-year-old female driver with no accidents or violations, and excellent credit. If we compare prices based on her current risk factors, USAA offers the lowest car insurance rates in Albuquerque at $876 a year. This is $692 less than the average policy premium paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers round out the rest of the cheapest Albuquerque, NM auto insurance companies.

Now let's give the driver from the above example a chargeable claim, a little lower credit rating, and a few blemishes on her driving record. Because each insurer has a unique approach to set premium rates, analyzing rates will most likely result in a different list of the cheapest car insurance companies in Albuquerque as shown below.

USAA now has the lowest car insurance rate in Albuquerque with Allied, Central Mutual, The Hartford, and Safeco also being competitive. This shows why consumers need to take the time to shop around with many companies when trying to find affordable insurance quotes for a Ford Edge.

Auto insurance prices are impacted by many risk factors and change substantially, so the most economical option the last time you shopped around may now be priced much higher than other options.

The insurance agencies below can help you make a decision which coverage meets your needs best, since many people would rather get some professional input when trying to find lower insurance rates for a Ford Edge. It can be difficult to do it yourself, so insurance agents can add comfort knowing your policy gives you adequate coverage if you have an accident or claim.

To find an agent by location nearest to you, click the link after the list or click here to compare price quotes.

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