If you want to save money, the best way to find affordable Ford Explorer Sport Trac insurance in Plano is to start comparing prices yearly from companies in Texas.
- First, get an understanding of the different coverages in a policy and the things you can control to keep rates down. Many policy risk factors that are responsible for high rates such as your driving record and your credit history can be eliminated by making lifestyle changes or driving safer. Later in this article we will cover information to lower rates and find available discounts that you may qualify for.
- Second, compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like Progressive or Farmers Insurance, while agents who are independent can quote rates from multiple sources.
- Third, compare the new quotes to the premium of your current policy to see if you can save by switching companies. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.
- Fourth, notify your agent or company of your intent to cancel your current coverage and submit a down payment along with a completed application to your new carrier. Once coverage is bound, put the proof of insurance certificate in your vehicle's glove compartment or console.
One tip to remember is to make sure you enter the same amount of coverage on every quote request and and to get prices from as many different insurance providers as possible. This ensures an apples-to-apples comparison and a thorough selection of prices.
A recent car insurance study revealed that over 70% of drivers kept their policy with the same company for a minimum of four years, and just short of a majority have never even shopped around for cheaper coverage. The average driver in Plano could pocket nearly $1,800 a year just by comparing rates, but they don't invest the time required to find cheaper rates by getting comparison quotes.
Data for Ford Explorer Sport Trac insurance
The data table shown next outlines different insurance policy prices for Ford Explorer Sport Trac models. Knowing how policy rates are determined is important for drivers to make smart choices when selecting a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer Sport Trac XLT 2WD||$252||$468||$462||$28||$138||$1,348||$112|
|Explorer Sport Trac Limited 2WD||$288||$468||$462||$28||$138||$1,384||$115|
|Explorer Sport Trac XLT 4WD||$288||$468||$462||$28||$138||$1,384||$115|
|Explorer Sport Trac Limited 4WD||$326||$570||$462||$28||$138||$1,524||$127|
|Explorer Sport Trac Limited AWD||$326||$570||$462||$28||$138||$1,524||$127|
|Get Your Own Custom Quote Go|
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rate quotes do not factor in the specific area where the vehicle is garaged which can influence insurance rates noticeably.
The diagram below illustrates how choosing a deductible and can influence Ford Explorer Sport Trac insurance premiums for each different age category. The rate quotes are based on a single female driver, comp and collision included, and no other discounts are factored in.
Rate increases following a ticket or accident
The chart below shows how traffic citations and fender-benders can affect Ford Explorer Sport Trac car insurance costs for each age group. The price estimates are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are applied.
Rate comparison of full coverage and liability-only
The illustration below compares Ford Explorer Sport Trac auto insurance costs with and without full coverage. Data assumes no claims or violations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
Guidelines for eliminating full coverage
There is no written rule to stop buying physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you might consider buying liability only.
For example, let's pretend your Ford Explorer Sport Trac settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $4,000 after the policy deductible has been paid. If you are currently paying more than $400 a year for full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where only buying liability is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage in place.
Get Lower-cost Car Insurance with These Tips
Consumers need to have an understanding of some of the things that aid in calculating car insurance rates. If you understand what impacts premium levels, this enables informed choices that could result in lower car insurance prices.
The following are some of the major factors used by your company to calculate your prices.
Better prices on vehicles with better crash test results - Cars with high safety ratings tend to be cheaper to insure. Vehicles engineered for safety protect occupants better and lower rates of occupant injuries means less claims paid and thus lower rates. If the Ford Explorer Sport Trac earned at least an "acceptable" rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
Gender and insurance premiums - Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. Now that doesn't mean women are BETTER drivers than men. Both sexes are responsible for accidents in similar numbers, but guys cause more damage and cost insurance companies more money. In addition to higher claims, males also get cited for more serious violations like driving under the influence (DUI).
The information below illustrates the comparison of Ford Explorer Sport Trac insurance premiums for male and female drivers. Data assumes a clean driving record, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, marital status is single, and no policy discounts are applied.
Youthful drivers pay high premiums - Older people have been proven to be more responsible, tend to cause fewer accidents, and tend to be get fewer driving tickets. Beginning drivers are statistically proven to be inattentive in a vehicle and because of this, their car insurance rates are much higher.
The next chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.
More traffic equals higher premiums - Being located in small towns and rural areas may provide you with better prices if you are looking for the lowest rates. People who live in big cities regularly have more road rage incidents and longer commutes to work. Fewer people means a lower chance of having an accident.
Bundle home and auto and save - Many car insurance companies give better rates to buyers who carry more than one policy in the form of a multi-policy discount. The discount can add up to ten or even fifteen percent. Even with this discount, it's still a good idea to comparison shop to verify if the discount is saving money. Drivers may still find lower rates even if you insure with multiple companies
Too many car insurance claims drive up prices - Insurance companies in Texas provide discounts to people that do not abuse their auto insurance. If you tend to file frequent claims, you can look forward to much higher rates or policy non-renewal. Your car insurance is intended to be relied upon for major claims that would cause financial hardship.
Marriage can lower costs - Having a wife or husband may earn you lower rates on your car insurance bill. Marriage is viewed as being more mature and insurance companies like that married drivers get in fewer accidents.
Performance makes a difference - The performance of the car you drive makes a big difference in how high your rates are. Smaller low performance passenger vehicles normally have pretty low rates, but there are many factors that impact the final cost.
The following chart assumes a single male driver age 50, full coverage with $250 deductibles, and no discounts or violations. It shows Ford Explorer Sport Trac rates compared to other vehicles that have different performance rating factors.
Persistence will pay off
You just read a lot of information how to compare Ford Explorer Sport Trac insurance premium rates in Plano. The key concept to understand is the more you quote Plano auto insurance, the better your comparison will be. Consumers may even find the lowest premium rates come from some of the lesser-known companies. These smaller insurers may cover specific market segments cheaper than their larger competitors like GEICO and State Farm.
Cheaper car insurance in Plano is possible on the web and from local insurance agents, and you should compare price quotes from both to have the best rate selection. There are still a few companies who may not offer price quotes online and usually these regional insurance providers sell through independent insurance agents.
To read more, feel free to visit the articles below:
- Frontal Crash Tests (iihs.org)
- Who Has Cheap Car Insurance Quotes for a Learners Permit in Plano? (FAQ)
- Who Has the Cheapest Auto Insurance for a Toyota Tundra in Plano? (FAQ)
- Parking Tips to Reduce Door Dings (State Farm)
- Medical Payments Coverage (Liberty Mutual)
- How Much Auto Coverage do I Need? (Insurance Information Institute)