Ford Explorer insurance image courtesy of QuoteInspector.com
Buying the cheapest insurance for a Ford Explorer is dependent upon a pretty complex algorithm that uses a lot of factors such as whether the vehicle is new, where you live, and your policy deductibles. Texas drivers will pay on average $1,206 per year for Explorer insurance, but that cost is a valuation based upon a 30-year-old single male driver with full physical damage coverage and $500 deductibles.
But there is a high likelihood that you're not a 30-year-old male, maybe you are married instead of single, or maybe you prefer to not insure for full coverage. Even a minor change in the criteria used to calculate rates can result in a big discrepancy in the cost of insurance.
This shows why the best method for finding affordable rates for your Ford is to compare rates from as many companies as possible.
The trim level of your vehicle has an effect on the coverage cost, so the price you will be charged to insure a Explorer XLT 2WD model will be $108 less than the cost to insure the more well-appointed Explorer Limited AWD model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$272||$328||$500||$30||$150||$1,280||$107|
|Explorer Eddie Bauer 2WD||$272||$328||$500||$30||$150||$1,280||$107|
|Explorer XLT 4WD||$272||$328||$500||$30||$150||$1,280||$107|
|Explorer XLT AWD||$272||$328||$500||$30||$150||$1,280||$107|
|Explorer Eddie Bauer 4WD||$308||$400||$500||$30||$150||$1,388||$116|
|Explorer Eddie Bauer AWD||$308||$400||$500||$30||$150||$1,388||$116|
|Explorer Limited 2WD||$308||$400||$500||$30||$150||$1,388||$116|
|Explorer Limited 4WD||$308||$400||$500||$30||$150||$1,388||$116|
|Explorer Limited AWD||$308||$400||$500||$30||$150||$1,388||$116|
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Premium costs do not factor in the specific area where the vehicle is garaged which can revise rates significantly.
Auto insurance companies ranked
Ending up with the right car insurance company can be difficult considering how many different insurance companies sell coverage in Texas. The company information listed below can help you select which coverage providers to look at when comparing insurance rates for a Ford Explorer.
The rankings below only include large insurance companies, so smaller companies that only insure vehicles in Texas are not taken into consideration for the list. If you wish to compare rates from many more Texas auto insurance companies, just click here.
Top 10 Large Car Insurance Companies in Plano Ranked by Customer Satisfaction
- USAA - 91%
- AAA Insurance - 90%
- Esurance - 90%
- Mercury Insurance - 89%
- Nationwide - 89%
- Travelers - 88%
- Progressive - 88%
- Safeco Insurance - 88%
- State Farm - 88%
- Allstate - 88%
The example below illustrates how choosing a deductible can affect insurance costs when quoting cheap insurance for a Ford Explorer. The data is based on a single male driver, full coverage, and no discounts are applied to the premium.
In the chart above, a 50-year-old driver could save $326 a year by increasing from a $100 deductible up to a $500 deductible, or save $492 by choosing a $1,000 deductible. Even younger insureds, like the Age 20 chart data, can cut up to $1,056 annually just by using higher deductibles.
When using a larger deductible, it will now be necessary to have plenty of money set aside to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Don't make the mistake of not shopping around
Texas auto insurance rates are influenced by many factors which can substantially change the policy price. Turning one year older, becoming a homeowner, or getting into an accident may prompt premium changes that can make some companies much cheaper than others. Also, insurers change rates every year to help ensure profitability. Larger than normal claims may result in higher rates, while a profitable period can cause lower-priced Explorer insurance rates.
To illustrate this point, the chart below shows a variety of companies that have the cheapest car insurance in Plano, TX for a 35-year-old male driver with no prior accidents, a clean driving record, and solid credit. If we estimate rates based on his current rating profile, Travelers has the cheapest car insurance rates in Plano at $1,114 a year. This is $790 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the rest of the cheapest Plano, TX auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison an accident claim, a little lower credit rating, and a few blemishes on his driving record. Since every insurance provider uses their own formula for determining prices, comparing quotes most likely will result in a different set of the cheapest car insurance companies in Plano as shown below.
State Farm now has the lowest car insurance rate in Plano with Mercury, USAA, Safe Auto, and Nationwide now being in the top five. This shows why it is so important to compare as many rates as possible to find cheap car insurance quotes for a Ford Explorer. Prices consist of many risk factors and can increase or decrease at any time, so the cheapest option the last time you compared rates may now cost much more than other companies.
The Plano, TX, insurance agents below can provide answers to your questions and help you determine which coverages you need, since some people prefer to have professional advice when shopping around for cheaper insurance for a Ford Explorer. It can be hard to find the cheapest rate yourself, so a professional agent can bring satisfaction knowing your policy gives you adequate protection. To find a Plano insurance agent close to where you live, click the button link following the list or click here to compare price quotes.
Louie Devega - State Farm Insurance Agent
6205 Coit Rd #300 - Plano, TX 75024 - (214) 473-9000
Alpha Omega Insurance Agency
3275 Independence Pkwy - Plano, TX 75075 - (972) 519-5435
Buckley Insurance Agency
3100 Independence Pkwy #216 - Plano, TX 75075 - (972) 665-0620
Nationwide Insurance: Reginald Denard White
800 E Central Pkwy Ste 200 - Plano, TX 75074 - (972) 422-9412
Nationwide Insurance: Nicholas Arthur Purvis Agency
5600 Tennyson Pkwy #243 - Plano, TX 75024 - (972) 665-9975