Comparing Plano car insurance quotes online probably sounds like a formidable task if you've never compared quote comparisons online. But don't be bewildered because finding affordable coverage for Ford Explorer insurance in Plano is easier than you think.
We don't have to point out that fact that car insurance companies want to keep your business as long as possible. Insureds who compare price quotes are very likely to move their business because there is a good chance of finding a lower-cost company. A study discovered that drivers who compared rates once a year saved an average of $850 each year compared to other drivers who never compared other company's rates.
If saving the most money on auto insurance in Plano is your objective, learning how to find companies and compare coverage rates can help make the process easier.
The fastest way that we advise to compare insurance rates in your area is to know the trick all the major auto insurance companies allow for online access to compare rate quotes. To get started, all you need to do is provide a small amount of information such as how your vehicles are used, if you are currently licensed, distance driven, and the year, make and model of vehicles. That rating data is automatically sent to many different companies and you will receive price estimates within a short period of time.
If you would like to compare rates now, click here and complete the form.
The companies in the list below provide quotes in Plano, TX. In order to find cheap auto insurance in Plano, we recommend you get prices from several of them to get the best price comparison.
Get affordable Ford Explorer insurance in Plano with discounts
The cost of insuring your cars can be expensive, but you can get discounts that may help make it more affordable. Certain reductions will be credited when you complete an application, but occasionally some discounts must be asked for prior to receiving the credit. If you're not getting every credit possible, you are just wasting money.
- Active Military Service - Having an actively deployed family member may qualify for rate reductions.
- Federal Government Employee - Having worked for a branch of the government may qualify for a discount when you quote Plano car insurance depending on your company.
- Low Mileage - Driving less may allow you to get substantially lower insurance rates.
- Savings for New Vehicles - Adding a new car to your policy can cost up to 25% less due to better safety requirements for newer vehicles.
- Accident Forgiveness - This one isn't a discount, but some companies like GEICO and Allstate may permit one accident before they charge you more for coverage so long as you are claim-free for a specific time period.
As a disclaimer on discounts, most discounts do not apply to the whole policy. Some only reduce individual premiums such as collision or personal injury protection. So when it seems like adding up those discounts means a free policy, you won't be that lucky. Any qualifying discounts should help reduce your overall premium however.
The information below visualizes the comparison of Ford Explorer car insurance rates with and without discounts applied to the premium. The costs are based on a female driver, no claims or violations, Texas state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, homeowner, marriage, and multi-car discounts applied.
Some companies that may include these discounts may include but are not limited to:
When getting a coverage quote, ask all companies you are considering which credits you are entitled to. Depending on the company, some discounts may not be offered in every state. For a list of insurers who offer insurance discounts in Plano, follow this link.
Insurance rate breakdown
The premium table shown below covers detailed analysis of policy rates for Ford Explorer models. Being aware of how insurance policy rates are formulated is important for drivers to make smart choices when selecting a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$156||$252||$400||$24||$120||$952||$79|
|Explorer Eddie Bauer 2WD||$156||$252||$400||$24||$120||$952||$79|
|Explorer XLT 4WD||$156||$252||$400||$24||$120||$952||$79|
|Explorer XLT AWD||$156||$252||$400||$24||$120||$952||$79|
|Explorer Eddie Bauer 4WD||$176||$306||$400||$24||$120||$1,026||$86|
|Explorer Eddie Bauer AWD||$176||$306||$400||$24||$120||$1,026||$86|
|Explorer Limited 2WD||$176||$306||$400||$24||$120||$1,026||$86|
|Explorer Limited 4WD||$176||$306||$400||$24||$120||$1,026||$86|
|Explorer Limited AWD||$176||$306||$400||$24||$120||$1,026||$86|
|Get Your Own Custom Quote Go|
Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Information does not factor in specific location information which can alter coverage rates noticeably.
The example below highlights how deductible selection and can increase or decrease Ford Explorer yearly insurance costs for different age groups. The data is based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.
Insurance premiums for males and females
The information below shows the difference between Ford Explorer car insurance rates for male and female drivers. The premium estimates are based on no driving violations, no at-fault accidents, full physical damage coverage, $100 deductibles, single marital status, and no discounts are factored in.
Difference between full coverage and liability only rates
The example below illustrates the comparison of Ford Explorer insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no violations or claims, $500 deductibles, marital status is single, and no other discounts are factored in.
When to stop buying full coverage
There is no written rule to stop buying physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let's pretend your Ford Explorer replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after paying your policy deductible. If it's costing in excess of $200 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are some scenarios where buying only liability insurance is not advised. If you haven't satisfied your loan, you have to maintain full coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.
How to Lower Your Insurance Prices
Many things are considered when you get your auto insurance bill. Some are obvious like a motor vehicle report, but others are not as apparent like your vehicle usage or your financial responsibility. Consumers need to have an understanding of the different types of things that help calculate the rates you pay for insurance. If you understand what determines premiums, this enables you to make decisions that can earn you lower insurance prices.
Shown below are just a few of the factors insurance companies consider when setting your premiums.
Safer occupants lowers rates - Vehicles with good safety scores tend to be cheaper to insure. Vehicles engineered for safety help reduce the chance of injuries in an accident and lower rates of occupant injuries translates into savings for insurance companies which can result in lower premiums.
Always keep your insurance policy in place - Having a gap between insurance policy dates is a quick way to trigger a rate increase. And not only will your rates increase, not being able to provide proof of insurance can result in fines or a revoked license.
Credit rating impacts premium prices - Having a good credit rating is likely to be a major factor in determining what you pay for insurance. If your credit can be improved, you could be paying less to insure your Ford Explorer by spending a little time repairing your credit. Insureds that have excellent credit tend to file fewer claims as compared to drivers with lower credit ratings.
Older drivers pay less - Older insureds have been proven to be more responsible, are lower risk to insure, and receive fewer citations. Teen drivers have a tendency to get distracted easily in a vehicle so insurance rates are higher.
The following chart uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Married people drive safer - Your spouse can get you a discount on your insurance bill. It may mean you are less irresponsible and it's proven that drivers who are married file infrequent claims.
Discounts for multiple policies - Some insurers allow better rates to insureds that have more than one policy. It's known as a multi-policy discount. Even with this discount applied, you still need to compare Ford Explorer rates in Plano to make sure you are getting the best deal.
Insurance loss data for a Ford Explorer - Insurers take into consideration insurance loss statistics for every vehicle to help calculate a profitable premium rate. Vehicles that the data determines to have a trend towards higher claim severity or frequency will cost more for coverage.
The information below illustrates the collected loss data for Ford Explorer vehicles. For each policy coverage type, the statistical loss for all vehicles, as a total average, is considered to be 100. Values under 100 suggest a positive loss record, while values over 100 point to more frequent losses or tendency to have larger claims.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Ford Explorer 4dr 2WD||80||90||79||75||70||82|
|Ford Explorer 4dr 4WD||94||94||97||75||70||85|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Compare rates but buy from a local Plano insurance agency
Many people just want to get advice from a local agent and that is a personal choice. The best thing about getting online price quotes is you can get cheaper car insurance rates and still choose a local agent. Supporting small agencies is important especially in Plano.
To make it easy to find an agent, after completing this form (opens in new window), the quote information is transmitted to local insurance agents in Plano who will give you bids and help you find cheaper coverage. It makes it easy because there is no need to drive around due to the fact that quote results will go to you instantly. You can find better rates and a licensed agent to work with. If for some reason you want to get a rate quote from a particular provider, you would need to navigate to their website and complete a quote there.
When searching for a local insurance agency, it's helpful to know the types of insurance agents and how they are slightly different. Insurance agencies in Plano can either be independent agents or exclusive agents depending on their employer.
Independent Insurance Agents
Agents of this type are not restricted to one company so they have the ability to put coverage with multiple insurance companies and find the cheapest rate. If your premiums go up, an independent agent can move your coverage and you don't have to find a new agent.
When comparing auto insurance prices, you absolutely need to get insurance quotes from several independent insurance agents to ensure the widest selection of prices. Most also write with companies that do not advertise much who may have lower rates.
Listed below is a list of independent insurance agents in Plano that may be able to provide free rate quotes.
- Choice Insurance LLC
5045 Bridge Creek Dr - Plano, TX 75093 - (469) 467-6379 - View Map
- Nationwide Insurance: Nicholas Arthur Purvis Agency
5600 Tennyson Pkwy #243 - Plano, TX 75024 - (972) 665-9975 - View Map
- Nationwide Insurance: Reginald Denard White
800 E Central Pkwy Ste 200 - Plano, TX 75074 - (972) 422-9412 - View Map
Agents in the exclusive channel normally can only provide a single company's rates and some examples include Farmers Insurance, State Farm, or Allstate. Exclusive agencies are unable to shop your coverage around so they really need to provide good service. They are well schooled in insurance sales which aids in selling service over price. Many people use the same agent mainly due to the brand name and the convenience of having a single billing for all their coverages.
Shown below are Plano exclusive agencies who can help you get price quotes.
- Allstate Insurance: Brad Williamson
4670 McDermott Rd #206 - Plano, TX 75024 - (972) 867-2778 - View Map
- Ron Bowser - State Farm Insurance Agent
6205 Chapel Hill Blvd STE 500 - Plano, TX 75093 - (972) 378-0824 - View Map
- Joseph Jackson - State Farm Insurance Agent
7920 Preston Rd #300 - Plano, TX 75024 - (972) 690-9090 - View Map
Finding the right insurance agency shouldn't rely on just the quoted price. A good agent in Plano will have answers to these questions.
- Do you qualify for any additional discounts?
- Are they actively involved in the community?
- Does the agent recommend any additional coverage?
- Does the agent have professional designations like CIC, CPCU or AIC?
- How often do they review policy coverages?
- Does the quote include credit and driving reports?
After getting positive responses to your questions and an acceptable price quote, it's a good possibility that you have found an auto insurance agent that meets your needs to properly service your auto insurance policy. It's important to know that you are entitled to cancel a policy any time you want so don't feel you're contractually obligated to a specific agent for a certain time period.
How much can you save?
You just learned a lot of tips how to lower your Ford Explorer insurance car insurance rates in Plano. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers could even find that the lowest car insurance rates are with a smaller regional carrier.
Budget-conscious Ford Explorer insurance is attainable on the web and from local agencies, and you need to price shop both to have the best selection. Some insurance companies may not have rates over the internet and many times these small insurance companies only sell through independent agents.
Insureds who switch companies do it for a number of reasons such as an unsatisfactory settlement offer, poor customer service, unfair underwriting practices and even high rates after DUI convictions. Whatever your reason, switching companies is not as difficult as it may seem.
Steps to finding lower priced Ford Explorer insurance in Plano
If you want to find the absolute lowest rates, then the best way to find better pricing on car insurance rates in Plano is to regularly compare price quotes from providers who can sell car insurance in Texas. Prices can be compared by following these steps.
- Learn about the different coverages in a policy and the measures you can take to keep rates in check. Many risk factors that cause rate increases such as speeding and a low credit score can be amended by making lifestyle changes or driving safer.
- Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like Progressive or Allstate, while independent agents can provide rate quotes from many different companies.
- Compare the new rates to the price on your current policy and determine if there is any savings. If you find a better price, verify that coverage does not lapse between policies.
An important part of this process is to compare identical limits and deductibles on every quote and and to get price quotes from as many different companies as possible. This helps ensure an accurate price comparison and a complete selection of prices.
For more information, feel free to visit the articles below:
- Understanding Car Crashes Video (iihs.org)
- Who Has Affordable Plano Car Insurance for a Chevrolet Equinox? (FAQ)
- What Car Insurance is Cheapest for Drivers Requiring a SR22 in Plano? (FAQ)
- How Much is Plano Auto Insurance for Drivers with a DUI? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- Medical Payments Coverage (Liberty Mutual)
- Vehicle Insurance in the U.S. (Wikipedia)