Looking for lower insurance coverage rates for your Ford Explorer? Have you fallen victim to overpriced insurance coverage? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out.
Many insurance companies compete for your insurance dollar, so it can be very hard to choose a insurance company to discover the definitive lowest rate
An important part of buying insurance is that you know the rating factors that help determine insurance rates. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.
The following are a few of the “ingredients” used by your company to calculate prices.
There are several ways to compare Ford Explorer car insurance quotes, and some are less time-consuming than others. You can waste hours driving to insurance companies in your area, or you can utilize the web to get the quickest rates.
All the larger companies take part in a program where prospective buyers enter their policy data once, and each participating company then gives them pricing based on that information. This system prevents you from having to do repetitive form submissions for each company you want a rate for.
To compare pricing click here (opens in new window).
The one disadvantage to using this type of form is you can’t choose which carriers to get pricing from. So if you prefer to choose specific insurance companies to compare rates, we have a page of car insurance companies in your area. Click to view list.
Which method you use is up to you, but make darn sure you compare identical deductibles and coverage limits with every price quote. If you use different liability limits it will be next to impossible to make an equal comparison. Just a small difference in coverages can result in a big premium difference. Keep in mind that getting more free quotes provides better odds of finding a lower rate.
Auto insurance providers like Allstate, GEICO and Progressive consistently run ads on television and other media. They all say the same thing about savings if you change to their company. But how can every company make the same claim?
Different companies are able to cherry pick for the type of driver that makes them money. For example, a profitable customer might be profiled as between 25 and 40, insures multiple vehicles, and has a high credit rating. A driver who matches those parameters will qualify for the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.
Potential insureds who don’t qualify for the requirements will be quoted a higher premium which leads to business not being written. Company advertisements say “customers who switch” not “everyone that quotes” save that much money. That’s why companies can advertise the way they do. This emphasizes why you should compare as many rates as you can. It’s not possible to predict which auto insurance company will have the lowest Ford Explorer insurance rates.
Auto insurance companies don’t necessarily list every discount very clearly, so here is a list both the well known and the more hidden savings tricks you should be using.
A little note about advertised discounts, many deductions do not apply to the entire policy premium. The majority will only reduce individual premiums such as comp or med pay. So even though they make it sound like it’s possible to get free car insurance, it doesn’t quite work that way.
Car insurance companies that may offer these benefits include:
Check with every prospective company which discounts you may be entitled to. Discounts might not apply in your state.
When buying coverage, there isn’t really a “perfect” insurance plan. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that may help highlight whether your personal situation might need professional guidance.
If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area.
Learning about specific coverages of a car insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are the usual coverages offered by car insurance companies.
Auto liability – Liability coverage protects you from injuries or damage you cause to a person or their property that is your fault. It protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.
Liability insurance covers claims such as funeral expenses, structural damage, medical expenses, bail bonds and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.
Insurance for medical payments – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like dental work, funeral costs, ambulance fees and chiropractic care. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. They cover you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
Collision coverages – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision insurance covers claims such as damaging your car on a curb, sustaining damage from a pot hole, backing into a parked car and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.
Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Ford Explorer.
Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.
Comprehensive coverage (or Other than Collision) – This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as damage from flooding, vandalism, hitting a bird and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
You just read a lot of ways to save on 2005 Ford Explorer insurance. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the biggest savings come from some of the smallest insurance companies. These companies may cover specific market segments cheaper compared to the large companies like State Farm and Allstate.
As you go through the steps to switch your coverage, do not buy poor coverage just to save money. There have been many situations where someone sacrificed liability coverage limits and found out when filing a claim that they should have had better coverage. The ultimate goal is to buy the best coverage you can find for the lowest price while still protecting your assets.
Cost effective insurance can be sourced online and also from your neighborhood agents, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who may not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.
Even more information can be read in the articles below: