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Cheapest Insurance for a Ford Explorer in Ohio

When writing about auto insurance, the word “cheap” shouldn’t be used as a descriptor for car insurance rates. Sad but true, cheap auto insurance for a Ford Explorer does not exist. Don’t let that get you down, though, because we are going to tell you how you can quote insurance that most people can afford.

Buying the cheapest car insurance for a Ford Explorer in Ohio depends upon a fairly complex equation with a lot of factors like whether the vehicle is new, if you have maintained coverage continuously, and the level of deductible you choose. Ohio drivers on average will pay $750 annually to buy Ford Explorer insurance, but that cost is a valuation assuming a 30-year-old married female with full physical damage coverage and $100 policy deductibles.

There is a very good chance that you’re not a 30-year-old female, single instead of married, or maybe you want different physical damage deductibles. Having even a minor difference in policy rating variables can make a big difference in quoted rates.

Auto insurance prices are based on the driver profile the best way to find cheap auto insurance rates for your Ford is to compare as many rates as possible.

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Vehicle trim level will likely have an effect on price, so the price you pay to insure a Explorer XLT 2WD model will be $86 cheaper than the price to insure the higher-priced Explorer Limited AWD trim level, as shown below.

Ford Explorer Insurance Rates in Ohio
ModelCompCollisionLiabilityMedicalUM/UIMAnnual PremiumMonthly Premium
Explorer XLT 2WD$190$284$232$14$70$790$66
Explorer Eddie Bauer 2WD$190$284$232$14$70$790$66
Explorer XLT 4WD$190$284$232$14$70$790$66
Explorer XLT AWD$190$284$232$14$70$790$66
Explorer Eddie Bauer 4WD$214$346$232$14$70$876$73
Explorer Eddie Bauer AWD$214$346$232$14$70$876$73
Explorer Limited 2WD$214$346$232$14$70$876$73
Explorer Limited 4WD$214$346$232$14$70$876$73
Explorer Limited AWD$214$346$232$14$70$876$73
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Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rates do not factor in specific location information which can impact premiums significantly.

How to find a good Ohio auto insurance company

Picking the right insurance company is difficult considering how many choices drivers have in Ohio. The ranking information listed below could help you analyze which insurers you want to consider comparing rates with.

These rankings are for large, nationwide insurance companies, so companies that have a smaller presence will not be included in this list. To check rates from many more Ohio auto insurance companies, follow this link.

Ohio Auto Insurance Company Rankings
CompanyValueCustomer ServiceClaimsCustomer SatisfactionA.M Best RatingOverall Score
21st Century898610088%A92.7
AAA Insurance93878887%A90.8
Liberty Mutual91919287%A90.7
Safeco Insurance90938886%A90.2
State Farm91948088%A++90.2
American Family88928388%A89.4
Titan Insurance89918386%A+89.3
Erie Insurance92908288%A+88.5
The Hartford87898487%A+88
Farmers Insurance79888487%A84.7
The General88808580%A-84.5
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Data Source: Insure.com Best Car Insurance Companies

Full coverage rates compared to liability-only

Finding the cheapest insurance for a Ford Explorer in Ohio is the goal of the majority of vehicle owners, and one way to pay less for insurance is to not pay for full coverage. The diagram below visualizes the comparison of auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The data assumes no violations or accidents, $250 deductibles, drivers are single, and no discounts are taken into consideration.

If the expense is averaged for all age categories, physical damage coverage on your policy costs an extra $1,324 per year more than buying just liability insurance. At some point, about every driver wonders when is it safe to stop buying full coverage. There is no definitive formula to delete physical damage insurance, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

There are some conditions where removing full coverage is not a good idea. If you haven’t satisfied your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

The example below demonstrates how deductibles can raise or lower annual premium costs when researching cheap insurance for a Ford Explorer. The costs are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.

In the chart above, a 30-year-old driver could save $186 a year by increasing from a $100 deductible up to a $500 deductible, or save $284 by switching to a $1,000 deductible. Young drivers, like the 20-year-old example, could shave $400 each year by using a higher deductible.

When raising deductibles, it is important to have enough in a savings account to offset the extra out-of-pocket expense, which deters some people from using high deductibles.

Is State Farm, Geico, Progressive, or Allstate cheaper?

When shopping around for insurance for an Explorer in Ohio, four companies to definitely compare rates with are State Farm, Geico, Progressive, and Allstate. When combined, they insure 48.5% of the entire U.S. market share. The table below compares price and claims rank as well as some different options that may be available in Ohio.

Top Four Car Insurance Companies Compared
State FarmGeicoProgressiveAllstate
Policy Cost2nd1st3rd4th
Policy Discounts3rd2nd4th1st
Claims Rank2nd3rd4th1st
Customer Satisfaction4th1st3rd2nd
Percent of U.S. market18.3%11.9%9.1%9.7%
Customers who recommend88%87%88%86%
Accident forgivenessNoYesYesYes
Emergency roadside assistanceYesYesYesYes
Usage-based insuranceYesNoYesYes
Breakdown insuranceNoYesYesNo
Uber and Lyft insuranceYesYesYesYes
New car replacementNoNoNoYes
Insure in OhioYesYesYesYes
Where to buyState Farm-only agentsBoth online and from Geico agentsBuy online or from an independent agentAllstate-only agents
Number of agents18,000+150+30,000+11,000+
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