How Much Does 2016 Ford Explorer Insurance Cost?

Trying to find lower insurance rates for your Ford Explorer? Did you fall for a flashy sales pitch and buy overpriced insurance? Believe me, you’re not alone.

With consumers having so many insurance companies to choose from, it is hard for the average consumer to locate the right insurance company.

You should make it a habit to price shop coverage before your policy renews since insurance rates trend upward over time. Even if you got the best rates for Explorer coverage on your last policy you can probably find a better price now. So just ignore everything you know about insurance because you’re going to get a crash course in one of the quickest ways to properly buy coverages and cut your premium.

Companies offer discounts so take them!

Insuring your vehicles can cost a lot, but you may find discounts to cut the cost considerably. Certain discounts will be applied at the time you complete a quote, but lesser-known reductions have to be inquired about prior to getting the savings.

  • Own a Home – Owning a house may trigger a insurance policy discount due to the fact that maintaining a home requires personal responsibility.
  • Life Insurance Discount – Companies who offer life insurance give a break if you buy life insurance.
  • One Accident Forgiven – A few companies allow you one accident before raising your premiums so long as you haven’t had any claims for a set time period.
  • Discount for Swiching Early – A few companies offer discounts for signing up prior to your current policy expiring. The savings is around 10%.
  • Discounts for Safe Drivers – Drivers who avoid accidents can pay as much as 50% less for Explorer coverage than drivers with accidents.

Keep in mind that most credits do not apply to the overall cost of the policy. Most cut specific coverage prices like collision or personal injury protection. Just because you may think having all the discounts means you get insurance for free, it just doesn’t work that way. But any discount will help reduce your overall premium however.

Companies that possibly offer these benefits include:

Check with every prospective company which discounts you may be entitled to. Savings may not be available in your state.

Ford Explorer rates are in the details

It’s important that you understand the rating factors that go into determining the rates you pay for car insurance. Understanding what influences your rates enables informed choices that will entitle you to big savings.

  • Never allow your policy to lapse – Letting your insurance expire is a sure-fire way to trigger a rate increase. And not only will your rates increase, failure to provide proof of insurance can result in a steep fine or even jail time.You may then be required to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Younger drivers pay higher rates – Teenage drivers are statistically proven to get distracted easily in a vehicle so they pay higher car insurance rates. Mature drivers are more responsible, file fewer claims and receive fewer citations.
  • Marriage pays dividends – Getting married can actually save you money when buying car insurance. Having a spouse is viewed as being more mature than a single person and statistics show married drivers get in fewer accidents.
  • Policy add-ons can waste money – There are quite a few additional coverages that you can buy when buying car insurance. Coverages for rental car reimbursement, towing coverage and additional equipment coverage are some examples. These coverages may sound good initially, but now you might not need them so eliminate them to save money.
  • Do you work long hours in a high stress job? – Occupations such as lawyers, architects and dentists tend to pay the highest average rates attributed to stressful work requirements and long work days. Other occupations such as farmers, historians and the unemployed have the lowest average rates for Explorer coverage.

Do I just need basic coverages?

When choosing the right insurance coverage, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions might help in determining if your situation would benefit from professional advice.

  • Is my ex-spouse still covered by my policy?
  • Can I make deliveries for my home business?
  • Should I rate my 2016 Ford Explorer as pleasure use or commute?
  • Does my insurance cover a custom paint job?
  • When should I buy a commercial auto policy?
  • Do I pay less if my vehicle is kept in my garage?
  • Do I need replacement cost coverage on my 2016 Ford Explorer?
  • Who is covered when they drive my 2016 Ford Explorer?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of auto insurance companies in your area.

The coverage is in the details

Learning about specific coverages of your policy helps when choosing which coverages you need for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages found on most auto insurance policies.

Collision protection

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as colliding with another moving vehicle, colliding with a tree, rolling your car, scraping a guard rail and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also raise the deductible to get cheaper collision coverage.

Comprehensive (Other than Collision)

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like hitting a deer, damage from flooding, falling objects, theft and hail damage. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Usually these coverages are identical to your policy’s liability coverage.

Medical expense insurance

Coverage for medical payments and/or PIP reimburse you for immediate expenses like hospital visits, chiropractic care and X-ray expenses. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability coverage can cover injuries or damage you cause to people or other property. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for claims such as medical services, court costs, bail bonds and legal defense fees. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Be a money saver!

Budget-conscious 2016 Ford Explorer insurance can be bought from both online companies and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies may not provide online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

When shopping online for insurance coverage, make sure you don’t buy poor coverage just to save money. There have been many situations where an insured cut full coverage and discovered at claim time that the small savings ended up costing them much more. Your aim should be to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

We’ve covered quite a bit of information on how to reduce insurance prices online. The key thing to remember is the more price quotes you have, the higher the chance of saving money. Consumers may even find the lowest rates come from the smaller companies. These companies often have lower prices on specific markets than their larger competitors like State Farm and Allstate.

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