Finding affordable coverage for a Ford Explorer hinges on many different factors such as how many miles you drive each year, if you have prior claims, and your driving record. Drivers in California pay approximately $1,240 a year to insure their Explorer, but that amount is using a 30-year-old single male driver with full comprehensive and collision coverage and $1,000 deductibles.
It’s more than likely you may not be 30 years old (or even male), you might be married instead of single, or maybe you just want liability only instead of full coverage. Even a minor change in the criteria used to calculate rates may result in a big change in how much coverage for a Ford Explorer costs.
Insurance is an individual thing, so the best way to find the cheapest coverage for your Ford is to do your own rate comparisons.
The trim level of your Explorer will most likely have an effect on the cost of coverage, so the cost to insure a Explorer XLT 2WD trim level will be $96 lower than the price to insure the more expensive Explorer Limited AWD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$240||$298||$578||$34||$174||$1,324||$110|
|Explorer Eddie Bauer 2WD||$240||$298||$578||$34||$174||$1,324||$110|
|Explorer XLT 4WD||$240||$298||$578||$34||$174||$1,324||$110|
|Explorer XLT AWD||$240||$298||$578||$34||$174||$1,324||$110|
|Explorer Eddie Bauer 4WD||$272||$362||$578||$34||$174||$1,420||$118|
|Explorer Eddie Bauer AWD||$272||$362||$578||$34||$174||$1,420||$118|
|Explorer Limited 2WD||$272||$362||$578||$34||$174||$1,420||$118|
|Explorer Limited 4WD||$272||$362||$578||$34||$174||$1,420||$118|
|Explorer Limited AWD||$272||$362||$578||$34||$174||$1,420||$118|
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Rates do not factor in Los Angeles location which can alter coverage rates substantially.
Comparing quotes for cost effective car insurance is not the easiest thing to do, and deciding which company offers the lowest-priced car insurance rates for a Ford Explorer involves a little more work. Each company uses a little different formula to set premium rates, so we need to take a look at the most competitive car insurance companies in Los Angeles, CA.
It’s important to understand that California car insurance rates are impacted by many factors which can substantially decrease or increase the cost of coverage. That is why it is critical to perform an extensive rate comparison when trying to find affordable insurance quotes for a Ford Explorer. Prices are impacted by many factors and change dramatically, so the lowest-price company the last time you shopped around may now be quite expensive.
Best Insurance Companies for Your Explorer
|Rank||Company||Cost Per Year|
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USAA generally has some of the cheapest car insurance rates in Los Angeles at around $1,155 per year. This is $496 less than the average premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide also rank well as some of the best Los Angeles, CA car insurance companies.
As the example above demonstrates, if you have coverage with Wawanesa and switched to USAA, you could earn a yearly price reduction of approximately $2. Drivers with CSAA might save as much as $31 a year, and Century National insureds might reduce prices by as much as $59 a year.
To find the cheapest rates for your vehicle, click here or click through to the companies below.
Bear in mind that those premium estimates are averaged across all drivers and vehicles in California and do not take into consideration an exact zip code location for a Ford Explorer. So the auto insurance company that is best for you may not even be in the list above. That helps illustrate why you need to compare rates from multiple companies using your own driver information and specific vehicle type.
The example below demonstrates how deductible levels can affect insurance premiums when searching for cheap insurance for a Ford Explorer. Data assumes a married female driver, full coverage, and no policy discounts are applied.
A 30-year-old driver could reduce rates by $434 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $656 by changing to a $1,000 deductible. Young drivers, like the 20-year-old example, could possibly save up to $930 or even more by using a higher deductible. When choosing a higher deductible, it will be important to have plenty of money set aside to allow you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Full coverage rates compared to liability-only
Saving on car insurance is the goal of the majority of drivers, and a great way to reduce the cost of insurance for a Ford Explorer is to buy only liability coverage. The illustration below visualizes the comparison of car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.
Averaged out for all age groups, physical damage insurance costs $2,222 per year over and above liability coverage. That may make you wonder when is the right time to remove full coverage. There isn’t a written rule for phasing out physical damage coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
There are some cases where dropping full coverage is not financially feasible. If you haven’t paid off your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should maintain full coverage.
You are probably paying too much for Explorer insurance
Los Angeles car insurance rates are impacted by many things that control the price you pay for coverage. Improving your credit rating, getting married, or having a fender bender can trigger price changes that can now make some companies more affordable than competitors.
Additionally, companies file new California auto insurance rates as needed to reflect underwriting profits or losses. Significantly higher claims can result in higher prices, while a better loss history can result in lower-priced Explorer insurance rates.
To illustrate this point, the data below shows the cheapest car insurance in Los Angeles, CA for a 40-year-old female driver with a good driving record, no prior claims, and a high credit rating. If we estimate prices based on her personal profile, USAA may have the lowest car insurance rates in Los Angeles at $1,826 a year. This is $175 more than the average rate paid by California drivers of $1,651. Wawanesa, Century National, Nationwide, and CSAA round out the rest of the best Los Angeles, CA auto insurance companies.
In this next rate comparison, we will give the driver from above a claim or two, bad credit, and a speeding citation. Since each company uses their own formula for determining rates in each state, analyzing rates may result in a different list of affordable companies as shown below.
Grange now has the best car insurance rate in Los Angeles with GEICO, Mercury, Allied, and Progressive completing the list. This shows why drivers need to do a thorough rate comparison when trying to get the most economical insurance rates for a Ford Explorer.
Insurance prices are determined by many risk factors and change dramatically, so the most affordable company when you last compared rates may now be quite expensive.
How to find more affordable auto insurance for a Ford Explorer
The list below summarizes some of the recommended thrifty suggestions that can help California drivers buy cheaper coverage.
- Avoid getting citations and tickets
- Remain accident-free and save
- Save money by only buying liability coverage for older vehicles
- Increase deductibles to save money
- Vehicles with good safety ratings have lower liability rates
- Maintaining good credit helps earn cheaper rates
- Look for cheaper rates once a year by shopping around
The last tip is certainly valuable, as was noted in this piece. Prices charged by car insurance companies change constantly, so drivers shouldn’t hesitate to switch carriers if you can find a cheaper rate. Loyalty to a specific company is fine, but is isn’t recommended if that stubbornness costs you big bucks every year. In just a few minutes you could shop around and find cheaper auto insurance for a Ford Explorer in Los Angeles.
If you like to get help from a professional when comparing insurance rates for an Explorer, the insurance agencies below are a good start to help you decide which auto insurance coverages would be the best in your situation. To find an agent in your neighborhood, click the button at the bottom of the list or click here to compare price quotes now.
Public Insurance Agency
10941 W Pico Blvd – Los Angeles, CA 90064 – (310) 234-8600
Bob Little – State Farm Insurance Agent
11654 W Pico Blvd – Los Angeles, CA 90064 – (310) 478-2001
Sean Cheng State Farm Insurance Agency
767 N Hill St,109 – Los Angeles, CA 90012 – (213) 621-2526
Grace Jun – State Farm Insurance Agent
2426 W 8th St #218 – Los Angeles, CA 90057 – (213) 388-4955