Sanitizing URLs being inserted into a WordPress MySQL database

I am writing a plugin for Wordpress, where I have my own custom table to store the relevant data being pulled from a remote API. One of the elements I need to store is a URL, which is a TEXT field within my database.

Since I have seen numerous comments saying not to use standard mysql_ or mysqli_ functions in Wordpress plugins, I am wondering what is the best way to escape the URL before I insert it? Is using esc_url() sufficient enough or is there anything else I should do prior?

    case "Create":
    {
        $tag = $_POST['product_tag'];
        $name = $_POST['product_name'];
        $asin = $_POST['product_id'];

        $response = getPrice("com", $asin);

        $result = $wpdb->insert( $table_name, array(
            'tag' => $tag,
            'name' => $name,
            'asin' => $asin,
            'price' => $response['price'],
            'url' => esc_url($response['url'])
        ));

        if ($result !== FALSE)
            echo "Successfully inserted new Amazon Product.";
        else
            echo "An Error occurred.";

        break;
    }