Ford Explorer insurance image courtesy of QuoteInspector.com
Buying the cheapest insurance for a Ford Explorer doesn't take too much effort, but it is dependent upon a very complex rating algorithm that uses multiple factors such as whether you are male or female, if you are a frequent claim filer, and driving citations. Drivers pay around $1,215 annually for Explorer insurance, but that amount is an estimation calculated using a 50-year-old married female driver with full comprehensive and collision coverage and $250 deductibles.
More likely than not, you're not a 50-year-old female, possibly single instead of married, and maybe your Explorer is older and does not require full coverage. There is no perfect policy for every driver, so the way we recommend to find cheap insurance rates for your Ford is to do a thorough rate comparison.
The trim level of your Explorer will most likely have an effect on the annual cost of coverage, so the price you will be charged to insure a Explorer XLT 2WD will be $126 lower than the insurance cost for the more costly Explorer Limited AWD version, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Explorer XLT 2WD | $276 | $412 | $436 | $26 | $130 | $1,280 | $107 |
| Explorer Eddie Bauer 2WD | $276 | $412 | $436 | $26 | $130 | $1,280 | $107 |
| Explorer XLT 4WD | $276 | $412 | $436 | $26 | $130 | $1,280 | $107 |
| Explorer XLT AWD | $276 | $412 | $436 | $26 | $130 | $1,280 | $107 |
| Explorer Eddie Bauer 4WD | $312 | $502 | $436 | $26 | $130 | $1,406 | $117 |
| Explorer Eddie Bauer AWD | $312 | $502 | $436 | $26 | $130 | $1,406 | $117 |
| Explorer Limited 2WD | $312 | $502 | $436 | $26 | $130 | $1,406 | $117 |
| Explorer Limited 4WD | $312 | $502 | $436 | $26 | $130 | $1,406 | $117 |
| Explorer Limited AWD | $312 | $502 | $436 | $26 | $130 | $1,406 | $117 |
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Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price information does not factor in specific New Orleans garaging location which can influence insurance rates significantly.
Determining which insurers offer the best car insurance rates for a Ford Explorer may require a little more work than just getting one or two price quotes.
Each insurer uses their own method for filing rates in each state, so let's look at the rankings for the lowest cost car insurance companies in New Orleans. It's important that readers know that Louisiana car insurance rates are calculated based on many things that will increase or decrease the cost of your policy. Simply improving your credit, having a teen driver, or getting into an accident may cause policy rate changes that can now make some companies cheaper in comparison to the competition.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,626 |
| 2 | MetLife | $1,836 |
| 3 | GEICO | $1,945 |
| 4 | Progressive | $2,005 |
| 5 | Southern Farm Bureau | $2,181 |
| 6 | Safeway | $2,220 |
| 7 | California Casualty | $2,246 |
| 8 | State Farm | $2,383 |
| 9 | Safe Auto | $2,627 |
| 10 | Allstate | $2,945 |
| 11 | Encompass | $3,266 |
| 12 | Liberty Mutual | $3,756 |
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USAA may have some of the cheapest car insurance rates in New Orleans at around $1,626 a year. This is $788 less than the average rate paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Southern Farm Bureau also are some of the more affordable New Orleans, LA auto insurance companies.
As shown in the rates above, if you are insured with MetLife and switched to USAA, you could see a yearly price reduction of around $210. Drivers with GEICO could save as much as $319 a year, and Progressive customers might cut rates by $379 a year.
It's important to note that these rates are averaged across all types of insureds and vehicles and and are not figured with a specific zip code for a Ford Explorer. So the company that has the cheapest rates for you may not even be in the top 12 companies shown above. That emphasizes why you need to compare prices as often as possible using your own personal information and vehicle type.
The example below illustrates how your choice of deductibles can change insurance costs when getting quotes for cheap insurance for a Ford Explorer. The data assumes a single female driver, comp and collision included, and no other discounts are factored in.
As shown above, a 30-year-old driver could lower their policy premium by $440 a year by increasing from a $100 deductible up to a $500 deductible, or save $664 by switching to a $1,000 deductible. Even younger insureds, like the age 20 example, could lower their rates up to $964 or more by using a higher deductible.
If you make the decision to raise deductibles, it will be important to have spare funds to offset the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Comparing rates on Explorer insurance can save you money
New Orleans car insurance rates are influenced by many factors which can significantly increase or decrease the cost of coverage. Improving your credit score, buying higher coverage limits, or getting a speeding ticket can trigger rate changes resulting in some rates now being cheaper than others. In addition, insurance companies modify rates every year or even multiple times each year to adjust for unexpected claims or profits. Heavy losses can result in additional price hikes, while lower claims may result in cheaper Explorer insurance rates.
The chart below shows a variety of companies that have the cheapest car insurance in New Orleans, LA for a 30-year-old female driver with no accidents or violations, and great credit. If we estimate prices based on her current situation, USAA has the most affordable car insurance rates in New Orleans at $2,727 annually. This is $313 more than the average policy premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are the remainder of the cheapest New Orleans, LA auto insurance companies.
The chart below compares rates after we give the driver in the first chart a claim or two, slightly worse credit, and a traffic citation. Due to the fact that each insurance company has a unique formula for setting rates, comparing insurance quotes may now result in a substantially altered list of the cheapest companies as shown below.
California Casualty now has the cheapest rate in New Orleans, LA with State Farm, USAA, Safe Auto, and GEICO also being competitive. This example shows why consumers need to take the time to shop around with many companies to get cheap car insurance rates for a Ford Explorer. Insurance prices are influenced by many different factors and can decrease or increase without notice, so the most economical company the last time you checked may now be quite expensive.
How to find budget-friendly car insurance for a Ford Explorer
It's not impossible to find cheaper rates, and here are some of the better penny-pinching ideas that can help Louisiana drivers buy lower-cost car insurance.
- Avoid accidents
- Drop full coverage on older vehicles
- Clean up your credit
- Vehicles with good safety ratings have lower liability rates
- Higher comprehensive and collision coverage deductibles will save money
- Tickets and violations raise rates
- Shop around for cheaper prices often
That last piece of advice is notably significant, as we emphasized in the prior information. Auto insurance prices in New Orleans fluctuate considerably, so you should be ready to buy a policy from a new company if a lower-cost policy is available.
Having a favorite company is great, but we do not recommend it if that devotion results in you overpaying lots of hard earned cash every month. In just a couple of minutes you could shop around to find cheaper insurance for a Ford Explorer.