Buying economical auto insurance for a Ford Explorer is fairly easy, but it depends on a large number of rating criteria such as whether you use your Explorer for business use, your credit history, and citations or violations on your driving record. Indiana drivers pay approximately $754 annually for Explorer insurance, but that cost is an approximation based upon a 30-year-old married female driver with full comprehensive and collision coverage and $500 deductibles.
There is a good probability you’re not a 30-year-old female, possibly single instead of married, or maybe you are just looking for cheap liability insurance. Just a minor difference in the criteria used to calculate rates can make a big difference in the policy rate.
Auto insurance is unique to each driver, so the best method for finding the cheapest rates for your Ford is to compare as many rates as you can.
The trim level of your Explorer will have an impact the yearly cost, so the price you pay to insure a Explorer XLT 2WD model will be $72 less expensive the price to insure the higher-priced Explorer Limited AWD model, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$172||$238||$286||$16||$86||$798||$67|
|Explorer Eddie Bauer 2WD||$172||$238||$286||$16||$86||$798||$67|
|Explorer XLT 4WD||$172||$238||$286||$16||$86||$798||$67|
|Explorer XLT AWD||$172||$238||$286||$16||$86||$798||$67|
|Explorer Eddie Bauer 4WD||$194||$288||$286||$16||$86||$870||$73|
|Explorer Eddie Bauer AWD||$194||$288||$286||$16||$86||$870||$73|
|Explorer Limited 2WD||$194||$288||$286||$16||$86||$870||$73|
|Explorer Limited 4WD||$194||$288||$286||$16||$86||$870||$73|
|Explorer Limited AWD||$194||$288||$286||$16||$86||$870||$73|
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Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Price estimates do not factor in Indianapolis location which can change price quotes significantly.
Determining which companies quote the most affordable auto insurance rates for a Ford Explorer takes a little more work than just getting one or two price quotes.
Every car insurance company has a unique approach to set premium rates, so let’s take a look at the lowest cost auto insurance companies in Indianapolis, IN. It’s a good idea to be aware that Indianapolis, IN auto insurance rates are calculated based on many things which can substantially change the price of your policy. Simply improving your credit, buying higher coverage limits, or getting into an accident can cause premium changes resulting in some companies being cheaper than others.
Best Insurance Companies for Your Explorer
Travelers normally has some of the best car insurance rates in Indianapolis at around $620 per year. Cincinnati Insurance, USAA, Erie, and Western Reserve would also make the list of some of the cheaper Indianapolis, IN insurance companies.
As shown above, if you currently have a policy with USAA and switched to Travelers, you might realize a yearly savings of in the vicinity of $47. Indiana drivers with Erie might save as much as $106 a year, and Western Reserve customers might cut rates by $218 a year.
To see how much you can save, click here to start your custom quote or feel free to get quotes from the companies below.
Be aware that those premium estimates are averaged across all drivers and vehicles and and are not calculated with an exact location for a Ford Explorer. So the company that is best for you may not even be in the list above. That is why you need to compare as many prices as possible using your own individual information.
The diagram below shows how different deductible levels can influence insurance prices when trying to find cheap insurance for a Ford Explorer. The costs are based on a single female driver, full physical damage coverage, and no discounts are factored in.
In the chart above, a 40-year-old driver could cut expenses by $232 a year by switching from a $100 deductible up to a $500 deductible, or save $352 by choosing a $1,000 deductible. Young drivers, like the Age 20 category, could roll back prices as much as $584 or even more by selecting a higher deductible. When increasing deductibles, it is a good idea to have enough savings set aside to satisfy the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
How to get discounts on Indianapolis insurance rates
Auto insurance companies that provide policies for a Ford Explorer may provide special discounts that can reduce rates by as much as 25% or more if you are eligible. Companies and the discounts they provide can be found below.
- American Family has discounts for multi-vehicle, accident-free, defensive driver, good driver, and air bags.
- Farm Bureau offers premium reductions for good student, 55 and retired, youthful driver, multi-policy, multi-vehicle, safe driver, and driver training.
- State Farm may include discounts for anti-theft, multiple policy, defensive driving training, driver’s education, multiple autos, and accident-free.
- Travelers may have discounts that include student away at school, new car, hybrid/electric vehicle, multi-policy, and good student.
- The Hartford discounts include vehicle fuel type, good student, driver training, bundle, defensive driver, and anti-theft.
- GEICO has savings for driver training, air bags, defensive driver, federal employee, emergency military deployment, and seat belt use.
- Progressive may offer discounts for homeowner, online quote discount, multi-vehicle, good student, continuous coverage, and online signing.
The illustration below shows the comparison of premium costs with and without discounts being applied to the rates. The costs are based on a female driver, no violations or accidents, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with passive restraint, defensive driving course, vehicle safety, accident-free, marriage, and claim-free discounts applied. With discounts applied, the average savings per year on auto insurance for a Ford Explorer is 28% or $428.
How to find economical car insurance for a Ford Explorer
It is possible to find better rates, and here are some of the recommended penny-pinching solutions that can help drivers buy low-cost coverage.
- Don’t waste money on full coverage for older vehicles
- Drive attentively and avoid accidents
- Safer vehicles generally have cheaper insurance rates
- Buying car and homeowners insurance together can save money
- Speeding tickets and other violations increase rates
- Don’t have frequent claims
- Shop around for lower rates once a year
That final tip is highly significant, as we emphasized in the prior information. Auto insurance rates change frequently, so drivers shouldn’t hesitate to change insurance companies if a lower-cost policy is available. Staying with the same car insurance company is fine, but it’s not a good idea if that stubbornness costs you money that could be spent on other things. If you have a few minutes, now is a great time to shop around to find cheaper car insurance for a Ford Explorer in Indianapolis.