Ford Explorer car insurance
The Ford Explorer is one of the most popular midsize SUVs in the United States, known for its spacious design, advanced technology, and robust performance. Whether you use your Ford Explorer for daily commutes, family road trips, or towing, having the right car insurance is essential to protect your investment. This guide offers a comprehensive breakdown of Ford Explorer car insurance, including average costs, factors influencing premiums, coverage options, discounts, and money-saving strategies.
How Much is Car Insurance for a Ford Explorer?
The average annual cost of insuring a Ford Explorer ranges between $1,300 and $3,200 for full coverage. Liability-only insurance is more affordable but offers less protection.
| Coverage Type | Average Annual Cost |
|---|---|
| Liability-Only | $600 – $1,000 |
| Full Coverage | $1,300 – $3,200 |
The actual cost depends on various factors, such as your driving history, location, and the Explorer’s model year and trim level.
Who Offers the Cheapest Car Insurance for a Ford Explorer?
Here are some insurance providers offering competitive rates for Ford Explorer owners:
| Insurance Provider | Average Annual Premium (Full Coverage) |
|---|---|
| GEICO | $1,500 |
| Progressive | $1,600 |
| State Farm | $1,700 |
| Allstate | $2,200 |
| USAA (for military) | $1,300 |
USAA offers some of the lowest rates for military families, while GEICO and Progressive are excellent options for civilian drivers. Comparing quotes from multiple providers ensures the best rate tailored to your needs.
Factors Affecting Ford Explorer Insurance Rates
Several factors influence the cost of insuring a Ford Explorer:
- Driver Profile:
- Age, gender, driving history, and experience play a significant role in determining premiums.
- Younger or less experienced drivers often face higher rates.
- Location:
- Urban areas with higher traffic congestion and theft rates typically result in higher premiums compared to rural areas.
- Model Year and Trim Level:
- Newer models or trims with advanced features may have higher premiums due to increased repair and replacement costs.
- Safety Features:
- The Explorer’s advanced safety technologies, such as adaptive cruise control, lane-keeping assist, and blind-spot monitoring, can help lower premiums.
- Vehicle Usage:
- Whether the Explorer is used for commuting, business, or recreational purposes affects insurance costs.
- Annual Mileage:
- Lower mileage may qualify for discounts as reduced driving decreases the likelihood of accidents.
- Credit Score:
- A strong credit score often results in lower premiums, as insurers view it as an indicator of financial responsibility.
Ford Explorer Car Insurance Discounts
Taking advantage of discounts can significantly reduce your Ford Explorer insurance premiums. Common discounts include:
- Safe Driver Discounts: For maintaining a clean driving record.
- Bundling Discounts: Save by combining auto insurance with home or renters insurance.
- Multi-Vehicle Discounts: Offered when insuring multiple vehicles under the same policy.
- Anti-Theft Discounts: Provided for vehicles equipped with advanced anti-theft systems.
- Usage-Based Discounts: Programs like Progressive’s Snapshot reward safe driving habits monitored through telematics.
- Pay-in-Full Discounts: Save by paying your premium upfront instead of monthly installments.
- Good Student Discounts: Available for young drivers with excellent academic performance.
- Military Discounts: Offered by providers like USAA for military personnel and their families.
Ford Explorer Insurance Costs by Model Year
The model year of your Ford Explorer significantly affects insurance premiums. Newer models with advanced technology and higher market values generally have higher rates.
| Model Year | Average Annual Premium (Full Coverage) |
|---|---|
| 2024 | $3,200 |
| 2023 | $3,000 |
| 2022 | $2,900 |
| 2021 | $2,800 |
| 2020 | $2,700 |
| 2019 | $2,500 |
Older models tend to have lower premiums but may lack some of the latest safety features that qualify for additional discounts.
Ford Explorer Car Insurance Coverages
To ensure comprehensive protection for your Ford Explorer, consider the following coverage options:
- Liability Coverage:
- Covers damages and injuries caused to others in an accident. This is mandatory in most states.
- Collision Coverage:
- Pays for damages to your vehicle caused by a collision, regardless of fault.
- Comprehensive Coverage:
- Protects against non-collision incidents like theft, vandalism, or weather-related damage.
- Uninsured/Underinsured Motorist Coverage:
- Covers your expenses if the at-fault driver lacks adequate insurance.
- Personal Injury Protection (PIP):
- Covers medical expenses and lost wages following an accident. Required in no-fault states.
- Gap Insurance:
- Covers the difference between your car’s value and the loan balance if it’s totaled.
- Roadside Assistance:
- Offers towing, flat tire changes, and other emergency services.
- Rental Car Reimbursement:
- Covers the cost of a rental vehicle while your Explorer is being repaired.
Choosing the right combination of coverages ensures comprehensive protection while aligning with your budget.
How to Save Money on Ford Explorer Insurance
Here are strategies to reduce your Ford Explorer insurance premiums:
- Compare Quotes:
- Shop around and compare rates from multiple providers to find the best deal.
- Increase Your Deductible:
- Opt for a higher deductible to lower your premium. Ensure you can afford the out-of-pocket cost in case of a claim.
- Utilize Discounts:
- Take advantage of bundling, safe driver, and usage-based discounts.
- Maintain a Clean Driving Record:
- Avoid accidents and violations to qualify for lower rates.
- Bundle Policies:
- Combine your auto insurance with other policies for additional savings.
- Improve Your Credit Score:
- A higher credit score can lead to lower premiums with many insurers.
- Drive Less:
- Low-mileage drivers may qualify for reduced rates.
- Avoid Filing Small Claims:
- Filing minor claims can increase your premiums over time. Pay for small repairs out of pocket when possible.
FAQs
Liability-only insurance typically costs between $600 and $1,000 annually, depending on your location and driving history.
Yes, newer models often have higher premiums due to their increased market value and advanced features.
Yes, features like adaptive cruise control and collision avoidance systems can qualify for discounts.
If you’re financing or leasing your Explorer, gap insurance is recommended to cover the difference between your car’s value and loan balance.
Yes, lower mileage can result in reduced premiums as it decreases accident risks.
USAA offers the lowest rates for military families, while GEICO and Progressive provide competitive options for other drivers.
About The Author
Andy Walker is a freelance content writer who specializes in writing for insurance and finance related niches. He has years of experience in this field and has written extensively on a variety of topics. Andy’s work is always highly polished and well-researched, ensuring that his clients are always happy with the results.