Finding economical insurance for a Ford Explorer depends on a whole bunch of rating criteria such as the mileage of your daily commute, if you have a tendency to file claims, and your driving record. Texas drivers pay approximately $1,172 each year to insure their Explorer, but that price is an approximation using a 40-year-old single male driver with full comprehensive and collision coverage and $500 deductibles.
The problem with using this number is the good chance you’re not a 40-year-old male, possibly married instead of single, or maybe your Explorer doesn’t need full coverage. Just a slight change in the criteria used to calculate rates may result in significant differences in the price of a policy.
This illustrates why the best way to find the cheapest rates for your Ford is to just compare rates yourself.
Cheapest Ford Explorer Insurance Rates
The trim level of your Ford tends to have a direct impact on the coverage cost, so the cost to insure a Explorer XLT 2WD model will be $112 cheaper than the cost to insure the higher-end Explorer Limited AWD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$234||$378||$462||$28||$138||$1,240||$103|
|Explorer Eddie Bauer 2WD||$234||$378||$462||$28||$138||$1,240||$103|
|Explorer XLT 4WD||$234||$378||$462||$28||$138||$1,240||$103|
|Explorer XLT AWD||$234||$378||$462||$28||$138||$1,240||$103|
|Explorer Eddie Bauer 4WD||$264||$460||$462||$28||$138||$1,352||$113|
|Explorer Eddie Bauer AWD||$264||$460||$462||$28||$138||$1,352||$113|
|Explorer Limited 2WD||$264||$460||$462||$28||$138||$1,352||$113|
|Explorer Limited 4WD||$264||$460||$462||$28||$138||$1,352||$113|
|Explorer Limited AWD||$264||$460||$462||$28||$138||$1,352||$113|
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Prices do not factor in specific location which can modify rates considerably.
Deciding which company has the lowest-priced insurance rates for a Ford Explorer will require a bit more work than just quoting one company’s rates.
Each insurance company uses a slightly different approach to set their prices, so we’ll take a look at the overall cheapest insurance companies in Texas. It’s a good idea to know that San Antonio insurance rates are impacted by many factors which can substantially change the cost of having a policy. Getting older, becoming a homeowner, or getting a ticket for running a stop sign can produce rate changes resulting in some rates now being cheaper than competitors.
Compare Cheap Insurance Quotes for Your Explorer
|Rank||Company||Cost Per Year|
|4||Texas Farm Bureau||$1,247|
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Travelers offers some of the cheapest car insurance rates in San Antonio at around $1,041 a year. This is $863 less than the average price paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and Esurance also are some of the most economical San Antonio, TX insurance companies.
As the rates illustrate above, if you are a policyholder with Germania Mutual and switched to Travelers, you could earn a yearly savings of around $203. Policyholders with Texas Farm Bureau may save as much as $206 a year, and Esurance policyholders might reduce rates by $380 a year.
It’s important to note that these policy prices are averaged for all drivers and vehicles in Texas and do not take into consideration a specific zip code for a Ford Explorer. So the auto insurance company that can offer you the best price may not even be in the list above. That emphasizes why you need to compare rates from multiple companies using your own driver and vehicle profiles.
How accidents and violations affect rates
The ideal way to get the cheapest insurance rates in San Antonio for an Explorer is to be a careful driver and avoid tickets and accidents. The diagram below highlights how speeding tickets and at-fault collisions drive up insurance rates for different age categories. The rates are based on a married female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of car insurance in San Antonio per year with a clean driving record and no accidents is $2,041. Add in two speeding tickets and the average cost increases to $2,909, an increase of $868 each year. Now include one accident along with the two speeding tickets and the annual cost of insurance for a Ford Explorer jumps again to an average of $3,770. That’s an increase of $1,729, or $144 per month, just for not being a responsible driver!
Don’t stick with an overpriced policy
Texas insurance rates are determined by lots of factors that can increase the cost of coverage. Simply getting older, buying a different home, or getting a ticket for careless driving may prompt premium changes resulting in some rates now being cheaper than others.
In addition to those changes, companies change the rates they charge in Texas as often as every three months to adjust for heavy claims or excess profits. An unexpected high level of claims may result in higher rates, while a better loss history may cause cheaper Explorer insurance rates.
To illustrate this point, the chart below analyzes the cheapest car insurance in San Antonio, TX for a 35-year-old female driver with no prior accidents, a clean driving record, and a good credit history. If we look at prices based on her personal risk profile, Travelers might quote the cheapest car insurance rates in San Antonio at $1,181 annually. This is $723 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the cheapest San Antonio, TX auto insurance companies.
The example below compares rates after we give the driver from above an at-fault accident, a lower credit rating, and a few blemishes on her driving record. Since each insurance company has a proprietary method to determining premium rates, comparing prices may now present a different set of the cheapest companies as shown below.
State Farm now has the cheapest rate in San Antonio with Mercury, USAA, Nationwide, and Safe Auto completing the list. This example demonstrates why drivers need to compare lots of rates to find the most budget-friendly car insurance rates for a Ford Explorer. Prices are calculated by many risk factors and can decrease or increase without notice, so the best company six months ago may now be quite expensive.