2020 Ford Explorer Insurance Rates
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UPDATED: Apr 9, 2020
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Average insurance rates for a 2020 Ford Explorer are $1,294 a year for full coverage insurance. Comprehensive costs approximately $294, collision insurance costs $452, and liability coverage costs $390. Buying a liability-only policy costs as little as $452 a year, and high-risk insurance costs around $2,772. Teenage drivers receive the highest rates at up to $4,798 a year.
Annual premium for full coverage: $1,294
Rate estimates for 2020 Ford Explorer Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2020 Ford Explorer models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For the average driver, prices range range from as low as $452 for a discount liability-only rate to a much higher rate of $2,772 for a driver that may need high-risk insurance.
These differences illustrate why anyone shopping for car insurance should compare rates using their specific location and risk profile, rather than using average rates.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2020 Ford Explorer Insurance
Looking for better auto insurance rates for your Ford Explorer? Expensive auto insurance can take a big chunk out of your family’s budget and force you to cut corners elsewhere. Price shopping at each renewal is a great way to cut your insurance bill.
Numerous auto insurance companies battle to insure your vehicles, and it can be difficult to compare rates and get the definite best rates possible.
You should make it a habit to do rate comparisons as often as possible since prices are rarely the same from one policy term to another. Even if you think you had the best rates for Explorer coverage on your last policy you can probably find a lower rate today. You’ll find a ton of advice on auto insurance on the web, but in a few minutes you can learn some of the best techniques to put money back in your pocket.
If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using this strategy. Choosing the best insurance company for you is quite easy. But car owners should learn the methods companies use to market on the web.
Find Ford Explorer insurance for less
When buying insurance coverage it’s important to understand some of the elements that go into determining your policy premiums. When you know what positively or negatively determines premiums, this allows you to make educated decisions that will entitle you to big savings.
- Do safer cars cost less to insure? – Vehicles with good safety scores tend to have lower insurance rates. Safe vehicles reduce the chance of injuries and fewer injuries translates directly to fewer claims which can result in lower premiums. If your Ford Explorer has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
- Drive less and save – The higher the miles on your Ford in a year’s time the higher your rate. The majority of insurers rate vehicles based on their usage. Autos that have low annual miles get more affordable rates compared to those used for work or business. An improperly rated Explorer can result in significantly higher rates. Ask your agent if your vehicle rating is showing the correct driver usage.
- Don’t abuse insurance coverage claims – If you file claims often, you shouldn’t be surprised to get higher premiums or even policy non-renewal. Car insurance companies award the best rates to policyholders who file claims infrequently. Your insurance policy is intended for larger claims.
- Don’t let your policy lapse – Letting your insurance expire can be a sure-fire way to increase your rates. Not only will rates go up, being ticketed for driving with no insurance could result in a fine, jail time, or a revoked license.
- Save money by eliminating extra policy coverages – Policies have extra bells and whistles that you can get tricked into buying if you aren’t diligent. Insurance for things like rental car coverage, high-cost glass coverage, and extra life insurance coverage may be costing you every month. These coverages may sound good initially, but if you’ve never needed them in the past think about removing them and cutting costs.
- Location can influence price – Living in areas with lower population is a positive aspect when shopping for auto insurance. Urban drivers have congested traffic and a longer drive to work. Fewer drivers on the road corresponds to lower accident rates in addition to fewer liability claims.
- Liability coverage risk factors in – Liability coverage will provide protection if ever you are found to be at fault for personal injury or accident damage. It provides legal defense to attempt to prove you were not liable. It is affordable coverage when compared to the cost of physical damage coverage, so do not skimp.
- Driving citations cost more than a fine – Your driving record has a huge affect on how much you pay. Just one citation can increase rates to the point where it’s not affordable. Drivers who don’t get tickets get better rates than people who have multiple driving citations. Drivers with serious citations like reckless driving or DUI are required to prove financial responsibility with their state DMV in order to drive a vehicle legally.
Lower-cost auto insurance quotes with discounts
Insurance can be prohibitively expensive, but you may find discounts to reduce the price significantly. Certain discounts will be applied when you purchase, but some need to be inquired about before they will apply.
- Low Mileage – Driving less can earn cheaper auto insurancerates.
- Life Insurance – Not all insurance carriers offer life insurance, but some may give you a discounted price on car insurance if you buy some life insurance in addition to your auto policy.
- Buy New and Save – Insuring a new car can save you some money compared to insuring an older model.
- Theft Deterent – Cars, trucks, and SUVs that have factory anti-theft systems are stolen with less frequency and that can save you a little bit as well.
- Renewal Discounts – A few auto insurance companies offer discounts for renewing your policy early. Ten percent is about the average savings.
- Air Bags and Passive Restraints – Factory options such as air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
It’s important to understand that many deductions do not apply to your bottom line cost. A few only apply to individual premiums such as liability, collision or medical payments. So even though you would think adding up those discounts means a free policy, companies wouldn’t make money that way.
To view auto insurance companies that can offer you the previously mentioned discounts, enter your zip code here.
Save 15 percent in 15 minutes? Is it for real?
Auto insurance providers like State Farm, Allstate and GEICO constantly bombard you with ads on TV and radio. All the companies advertise the message that you can save if you switch your auto insurance policy to them. How does every auto insurance company make almost identical claims?
Insurance companies have strict underwriting profiles for a prospective insured that earns them the most money. One example of a driver they prefer might be described as a married male, carries full coverage, and does not commute to work. A driver that matches those criteria will get a cheap rate quote and most likely will save some money.
People who are not a match for this stringent profile may be forced to pay a higher rate and this can result in the customer buying from someone else. Company advertisements say “drivers that switch” not “everybody who quotes” can save as much as they claim. This is how insurance companies can advertise the savings.
Because each company has a different risk profile, you really should compare free car insurance quotes often. It is impossible to predict the company that will provide you with the cheapest premium rates.
Tailor your car insurance coverage to you
When it comes to choosing adequate coverage, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions can aid in determining whether or not you might need professional guidance.
- What can I do if my company denied a claim?
- Does my medical payments coverage pay my health insurance deductible?
- Should I buy additional glass protection?
- Should I rate my 2020 Ford Explorer as pleasure use or commute?
- Is my custom paint covered by insurance?
- Is my camper covered by my car insurance policy?
- Why is insurance for a teen driver so high?
If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, simply complete your zip code.
Insurance coverage basics
Learning about specific coverages of your policy aids in choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Listed below are typical coverage types found on the average insurance policy.
Insurance for medical payments
Coverage for medical payments and/or PIP kick in for expenses such as nursing services, chiropractic care and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
This coverage can cover damage or injury you incur to people or other property that is your fault. It protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage protects against things such as medical expenses, attorney fees, bail bonds, structural damage and court costs. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims such as a broken windshield, hitting a bird, rock chips in glass, falling objects and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Uninsured Motorist or Underinsured Motorist insurance
This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Collision coverage will pay to fix damage to your Explorer caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things like rolling your car, sideswiping another vehicle, driving through your garage door and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible to bring the cost down.
More effort can pay off
While you’re price shopping online, don’t be tempted to sacrifice coverage to reduce premiums. There have been many cases where an insured cut liability coverage limits only to find out that a couple dollars of savings turned into a financial nightmare. Your goal is to find the BEST coverage for the lowest cost while still protecting your assets.
In this article, we covered many ways to lower your 2020 Ford Explorer insurance rates. It’s most important to understand that the more companies you get car insurance rates for, the better likelihood of getting low cost car insurance. Drivers may discover the most savings is with some of the lesser-known companies. These smaller insurers can often provide lower car insurance rates in certain areas than their larger competitors like Progressive and GEICO.
Much more information about insurance is available at the links below
- Property Damage Coverage (Liberty Mutual)
- Help Your Teen Be a Better Driver (State Farm)
- Tools for Teen Driving Safety (State Farm)
- How to Avoid Buying a Flooded Car (Insurance Information Insitute)
- Drunk Driving Statistics (Insurance Information Insitute)
- Auto Insurance for Teen Drivers (Insurance Information Insitute)
Rates by U.S. City
|New York City, NY||$2,043|
|Los Angeles, CA||$2,208|
Need a specific model?
Choose your model and trim below
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$91|
|5-yr Claim Free||$82|
|Paid in Full/EFT||$57|
Discounts are estimated and may not be available from every company or in every state.