Looking for lower insurance rates for your Ford Explorer? Feel like you’re a prisoner to high-priced insurance? Trust us when we tell you there are a lot of people just like you who feel imprisoned by their insurance policy.
Big-name insurance companies like State Farm, GEICO and Farmers Insurance constantly bombard you with TV and radio ads and it can be hard to ignore the flying pigs and cute green geckos and take the time to shop coverage around.
It’s a good habit to do rate comparisons yearly since rates change quite often. Despite the fact that you may have had the lowest rates on Explorer coverage a few years ago there may be better deals available now. There is a lot of bad information regarding insurance on the web, but by reading this article, you’re going to learn a lot of great tips on how to stop overpaying for insurance.
Car insurance companies don’t always advertise all available discounts very well, so here is a list both well-publicized and also the lesser-known discounts you could be receiving.
As a disclaimer on discounts, most credits do not apply the the whole policy. Some only apply to the price of certain insurance coverages like comp or med pay. So even though they make it sound like you can get free auto insurance, it doesn’t quite work that way.
To see a list of insurers with discount insurance coverage rates, click here to view.
Most major insurance companies give coverage price quotes online. This process is quite easy as you just enter your coverage preferences into a form. When complete, their system pulls your credit score and driving record and returns a price based on many factors. Online price quotes makes comparing rates easy, but the time it takes to visit a lot of sites and fill out multiple forms gets old quite quickly. But it’s very important to do this in order to find the lowest price.
A more efficient way to compare car insurance pricing uses one simple form that analyzes rates from many companies. It’s a real time-saver, reduces the work, and makes quoting online a lot less work. Once the form is submitted, it gets priced and you can select any or none of the quotes that you receive. If one or more price quotes are lower than your current rates, you can click and sign and buy the policy. This process only takes a few minutes and can result in significant savings.
To quickly fill out one form to compare multiple rates now, click here and input your coverage information. If you have your current policy handy, we recommend you enter the insurance coverages exactly as they are listed on your policy. Doing this guarantees you will have a price comparison for similar insurance coverage.
When it comes to choosing coverage, there is no single plan that fits everyone. Each situation is unique so this has to be addressed. For instance, these questions might point out if you would benefit from an agent’s advice.
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
Progressive, Allstate and GEICO constantly bombard you with ads on TV and radio. All the companies make an identical promise that you’ll save big if you switch your policy. How can each company claim to save you money? It’s all in the numbers.
All companies can use profiling for the right customer that is profitable for them. An example of a preferred risk might be between 30 and 50, insures multiple vehicles, and has excellent credit. A propective insured who meets those qualifications will get very good rates and therefore will cut their rates substantially.
Potential customers who are not a match for these standards will be charged more money and ends up with the customer not buying. Company advertisements say “people who switch” but not “drivers who get quotes” save money. This is how companies can truthfully advertise the savings. That is why you should get as many quotes as possible. It’s just too difficult to predict which company will fit your personal profile best.
Learning about specific coverages of your policy helps when choosing the best coverages at the best deductibles and correct limits. Car insurance terms can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages offered by car insurance companies.
Coverage for uninsured or underinsured drivers
Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Explorer.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.
Collision coverage pays for damage to your Explorer resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as scraping a guard rail, backing into a parked car, crashing into a ditch and damaging your car on a curb. This coverage can be expensive, so consider dropping it from older vehicles. You can also raise the deductible to bring the cost down.
This can cover damage or injury you incur to other’s property or people. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.
Liability insurance covers claims like structural damage, medical services, emergency aid and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.
Comprehensive car insurance
This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like vandalism, fire damage, a broken windshield, damage from getting keyed and falling objects. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage kick in for bills for rehabilitation expenses, doctor visits and nursing services. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage
In this article, we presented some good ideas how to reduce 2003 Ford Explorer insurance prices online. The key thing to remember is the more providers you compare, the better likelihood of reducing your rate. Consumers could even find that the most savings is with a lesser-known regional company. These companies often have lower prices on specific markets than the large multi-state companies such as Allstate or State Farm.
When trying to cut insurance costs, it’s a bad idea to reduce needed coverages to save money. In many instances, someone sacrificed collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to find the BEST coverage at an affordable rate.
The cheapest insurance is attainable from both online companies and with local insurance agents, and you need to price shop both to have the best rate selection. Some insurance providers do not offer online quoting and most of the time these regional insurance providers sell through independent agents.
Additional car insurance information can be found on the following sites: