Ford Explorer insurance policy image courtesy of QuoteInspector.com
Buying the cheapest auto insurance for a Ford Explorer hinges on an enormous amount of rating factors such as how far you commute, if you have a tendency to file claims, and your choice of deductibles. Florida drivers pay on average $977 annually to insure their Explorer, but that amount is an approximation calculated using a 50-year-old married female driver with full comprehensive and collision coverage and $500 deductibles.
There is a good probability you are not 50 and maybe not even a female, possibly single instead of married, or maybe you have a speeding ticket or two that will increase rates. Even a minor change in policy rating criteria or coverages can result in a large change in the cost of insuring your Explorer.
Everone's needs are different, and this illustrates why the only real way to find affordable rates for your Ford is to do a thorough rate comparison.
The trim level of your Ford will likely have an effect on the cost of insurance, so the price to insure a Explorer XLT 2WD will be $92 cheaper than the price to insure the high end Explorer Limited AWD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$202||$298||$392||$24||$118||$1,034||$86|
|Explorer Eddie Bauer 2WD||$202||$298||$392||$24||$118||$1,034||$86|
|Explorer XLT 4WD||$202||$298||$392||$24||$118||$1,034||$86|
|Explorer XLT AWD||$202||$298||$392||$24||$118||$1,034||$86|
|Explorer Eddie Bauer 4WD||$228||$364||$392||$24||$118||$1,126||$94|
|Explorer Eddie Bauer AWD||$228||$364||$392||$24||$118||$1,126||$94|
|Explorer Limited 2WD||$228||$364||$392||$24||$118||$1,126||$94|
|Explorer Limited 4WD||$228||$364||$392||$24||$118||$1,126||$94|
|Explorer Limited AWD||$228||$364||$392||$24||$118||$1,126||$94|
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium amounts do not factor in Jacksonville location which can alter coverage rates significantly.
Finding out which company quotes the best auto insurance rates for a Ford Explorer will involve a bit more effort than just comparing rates from one or two companies.
Every insurance provider has a proprietary method to set premium rates, so we'll take a look at the auto insurance companies with the overall cheapest rates in Jacksonville. Keep in mind that Jacksonville auto insurance rates are impacted by many factors that may substantially change the policy price. Simply getting older, buying higher coverage limits, or getting a ticket for careless driving can trigger rate changes that can cause some rates to be cheaper than competitors.
Find Cheaper Auto Insurance for Your Explorer
|Rank||Company||Cost Per Year|
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USAA quotes some of the most affordable car insurance rates in Jacksonville at around $986 a year. Electric, Amica, Progressive, and Allied also make the cut as some of the more affordable Jacksonville, FL auto insurance companies.
In the rate table above, if you are a customer of Electric and switched to USAA, you may realize a yearly price reduction of in the vicinity of $760. Customers with Amica may save as much as $760 a year, and Progressive policyholders might lower prices by $789 a year.
To discover how much you can save, click here to get a free quote or click through to the companies below.
These premiums are averages for all drivers and vehicles in Florida and and are not calculated with an exact vehicle garaging location for a Ford Explorer. So the car insurance company that has the lowest price for you may not even be in the top 21 companies in the list above. That illustrates why you need to get rate quotes using your own driver data and vehicle information.
The example below illustrates how your choice of deductibles can impact annual premium costs when quoting cheap insurance for a Ford Explorer. The data is based on a married male driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 40-year-old driver could lower their car insurance rates by $360 a year by increasing from a $100 deductible up to a $500 deductible, or save $544 by using a $1,000 deductible. Even younger drivers, like the 20-year-old example, could reduce their rates up to $1,196 annually by choosing a larger deductible amount. When using a larger deductible, it's a good idea to have plenty of discretionary funds to enable you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Types of discounts on Jacksonville auto insurance
Car insurance companies that offer coverage for a Ford Explorer may have premium discounts that can reduce rates by as much as 40% or more if you qualify. Popular auto insurance companies and some of the premium reductions they offer are outlined below.
- GEICO may offer discounts for federal employee, multi-vehicle, driver training, emergency military deployment, and good student.
- Mercury Insurance discounts include multi-car, ease of repair, age of vehicle, anti-theft, annual mileage, and good student.
- Farmers Insurance may include discounts for bundle discounts, pay in full, teen driver, multi-car, and youthful driver.
- Auto-Owners Insurance has discounts for air bags, group or association, teen driver, multi-policy, multiple vehicles, and student away at school.
- Liberty Mutual offers premium reductions for preferred payment discount, hybrid vehicle, good student, multi-policy, and new graduate.
- SAFECO offers discounts including teen safe driver, teen safety rewards, safe driver, anti-theft, and bundle discounts.
- Progressive offers discounts for multi-vehicle, multi-policy, homeowner, online quote discount, and continuous coverage.
- USAA may have discounts that include defensive driver, new vehicle, driver training, family discount, and annual mileage.
The illustration below illustrates the difference between yearly insurance costs with and without discounts being applied to the rates. The prices are based on a male driver, no claims, a clean driving record, Florida state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with homeowner, defensive driving course, multiple policy, claim-free, safe-driver, and anti-theft discounts applied. When discounts are factored in, theaverage yearly reduction on auto insurance for a Ford Explorer is 28% or $797.
Cautious drivers save money
The best way to snag the most affordable auto insurance prices for an Explorer is to drive safe and not get tickets or have accidents. The example below shows how traffic citations and at-fault accidents raise auto insurance rates for different age categories. The premiums are based on a married male driver, full coverage, $250 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of an auto insurance policy in Florida per year with no accidents and a clean driving record is $2,259. Receive one speeding ticket and the average cost rises to $2,592, an increase of $334 each year. Next add two accidents along with the one speeding ticket and the annual cost of auto insurance for a Ford Explorer jumps again to an average of $5,446. That's an increase of $3,187, or $266 per month, just for not being attentive to the road!