9 Proven Ways to Cut Your Ford Explorer Insurance Premium

Buyers have many options when searching for the lowest priced Ford Explorer insurance. You can either waste hours calling around to get rate comparisons or utilize the internet to make rate comparisons. There are both good and bad ways to find auto insurance online so we’re going to tell you the proper way to get price quotes for a new or used Ford and obtain the cheapest rates either online or from local insurance agents.

It is always a good idea to check auto insurance prices on a regular basis due to the fact that insurance rates are adjusted regularly by insurance companies. Even if you think you had the lowest price on Explorer insurance a year ago the chances are good that you can find a lower rate today. Ignore everything you know about auto insurance because we’re going to demonstrate the best way to get good coverage at a lower rate.

Lesser-known factors impacting Ford Explorer insurance rates

It’s important that you understand some of the elements that go into determining the rates you pay for auto insurance. Knowing what influences your rates helps enable you to make changes that could result in better auto insurance rates.

Listed below are a few of the “ingredients” that factor into premiums.

  • Do you need the policy add-ons? – There are many additional coverages that you can get tricked into buying when buying auto insurance. Insurance for roadside assistance, accidental death and term life insurance may be costing you every month. These may sound like a good investment when you first buy your policy, but if they’re wasting money eliminate the coverages to reduce your premium.
  • Big city or small town – Living in a rural area can save you money when buying auto insurance. Drivers who live in large cities have traffic congestion and much longer commute distances. Fewer people means reduced accidents.
  • Clean credit earns discounts – Your credit history is a big factor in determining what you pay for auto insurance. If your credit rating is not that good, you could potentially save money when insuring your Ford Explorer by repairing your credit. Drivers who have good credit tend to be better drivers and file fewer claims than drivers who have lower credit scores.
  • Younger drivers pay higher rates – Teen drivers tend to be careless and easily distracted when driving so they pay higher auto insurance rates. Parents adding a teen driver onto a policy can break the bank. More mature drivers are more cautious drivers, tend to file fewer claims and receive fewer citations.
  • Lower rates with optional equipment – Owning a car with an alarm system can save you a little every year. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent car theft.

Lots of discounts mean lots of savings

Companies don’t list every available discount very clearly, so the following is a list of some of the more common and the more hidden savings tricks you should be using. If you’re not getting every credit possible, you are paying more than you should be.

  • Good Student Discount – Getting good grades can get you a discount of up to 25%. The good student discount can last up to age 25.
  • Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class if it’s offered in school.
  • Homeowners Pay Less – Simply owning a home may trigger a auto insurance policy discount because of the fact that having a home demonstrates responsibility.
  • Claim Free – Claim-free drivers pay much less as compared to accident-prone drivers.
  • Braking Control Discount – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
  • Service Members Pay Less – Being deployed with a military unit can result in better rates.
  • 55 and Retired – Older drivers may qualify for a discount up to 10% on Explorer insurance.
  • Save with a New Car – Buying coverage on a new vehicle is cheaper compared to insuring an older model.

Consumers should know that most of the big mark downs will not be given to the entire cost. Some only reduce individual premiums such as liability, collision or medical payments. So when the math indicates it’s possible to get free car insurance, it just doesn’t work that way. car insurance

Beware of misleading auto insurance ads

Consumers can’t ignore all the ads that promise big savings by companies like GEICO, State Farm and Progressive. All the ads have a common claim about savings if you change to them.

How do they all make the same claim? It’s all in the numbers.

Insurance companies have a preferred profile for the right customer they prefer to insure. For example, a profitable customer could possibly be over the age of 40, is a homeowner, and has a short commute. Any driver who fits that profile will get the preferred rates and as a result will probably save when they switch companies.

Potential customers who do not match these standards must pay more money which usually ends up with the customer not buying. The ads say “customers who switch” not “everyone that quotes” save that kind of money. This is how insurance companies can advertise the savings. This illustrates why you need to quote coverage with many companies. You cannot predict the company that will have the lowest rates.

Situations that might require an agent

When it comes to choosing coverage for your personal vehicles, there isn’t really a best way to insure your cars. Every insured’s situation is different.

For example, these questions might help in determining if your insurance needs will benefit from professional help.

  • Is my cargo covered for damage or theft?
  • Is a no-fault state?
  • Why does it cost so much to insure a teen driver?
  • Are rental cars covered under my policy?
  • Am I covered when driving a rental car?
  • Who is covered when they drive my Ford Explorer?
  • Does my insurance cover my expensive audio equipment?
  • What are no-fault laws?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Are my tools covered if they get stolen from my vehicle?

If you’re not sure about those questions then you might want to talk to an agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and may give you better protection.

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Affordable insurance is out there

Consumers who switch companies do it for any number of reasons including denial of a claim, policy cancellation, high rates after DUI convictions or delays in paying claims. It doesn’t matter why you want to switch switching companies is pretty simple and you could end up saving a buck or two.

When shopping online for auto insurance, make sure you don’t sacrifice coverage to reduce premiums. There are many occasions where someone dropped liability limits or collision coverage only to find out that the savings was not a smart move. Your goal should be to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

Low-cost Ford Explorer insurance is definitely available on the web and with local insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance providers do not offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.