How Much is Insurance for a Ford Explorer in New York?
The odds of finding the cheapest insurance for a Ford Explorer in New York hinges on factors like your gender, your credit rating, and your driving record. Drivers pay on average $700 per year to buy insurance for a Ford Explorer, but that figure is an approximation based on rates for a 40-year-old married female who needs full physical damage coverage and $500 physical damage deductibles.
The problem with using this number is the good chance you are not 40 years old and maybe not even female, possibly single instead of married, and you possibly have other drivers on your policy that need factored in. Auto insurance requires individual risk assessment, so the only way to find cheap car insurance rates for your Ford is to comparison shop your policy at every renewal or at least every couple of years. In just a few minutes you will get price quotes from top-rated companies that insure vehicles in New York.
Your Ford’s trim level will be a contributing factor to the coverage cost, so the price you pay to insure a Explorer XLT 2WD will be $68 lower than the insurance cost for the higher-priced Explorer Limited AWD trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$142||$224||$278||$16||$84||$744||$62|
|Explorer Eddie Bauer 2WD||$142||$224||$278||$16||$84||$744||$62|
|Explorer XLT 4WD||$142||$224||$278||$16||$84||$744||$62|
|Explorer XLT AWD||$142||$224||$278||$16||$84||$744||$62|
|Explorer Eddie Bauer 4WD||$162||$272||$278||$16||$84||$812||$68|
|Explorer Eddie Bauer AWD||$162||$272||$278||$16||$84||$812||$68|
|Explorer Limited 2WD||$162||$272||$278||$16||$84||$812||$68|
|Explorer Limited 4WD||$162||$272||$278||$16||$84||$812||$68|
|Explorer Limited AWD||$162||$272||$278||$16||$84||$812||$68|
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Prices do not factor in the specific area where the vehicle is garaged which can decrease or increase premium rates noticeably.
Finding out which companies quote the cheapest auto insurance rates for a Ford Explorer will require a bit more effort than just comparing rates from one or two companies.
Each insurer uses their own calculation to set their prices, so let’s take a look at the lowest cost auto insurance companies in New York. It’s a good idea to know that New York auto insurance rates are determined by lots of factors that can increase the price you have to pay. Simply having another birthday, buying a different home, or getting a DUI may generate price changes resulting in some companies being cheaper than before.
Cheap Insurance Rates for Your Explorer
|Rank||Company||Cost Per Year|
|10||New York Central Mutual||$1,874|
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USAA normally has some of the cheapest car insurance rates in New York at around $1,163 a year. Erie, Travelers, Utica National, and Allstate are also some of the lowest-priced New York car insurance companies.
As the example above demonstrates, if you are insured with Utica National and switched to Erie, you might achieve yearly savings of in the vicinity of $307. Drivers with Allstate might save as much as $314 a year, and Progressive policyholders might realize rate reductions of up to $316 a year.
If you want to find out if you’re overpaying, click here to get quotes or click through to the companies below.
It’s important to note that these rates are averaged across all types of insureds and vehicles and are not factoring in a specific rate value for a Ford Explorer. So the auto insurance company that has the cheapest price for you may not even be included in the list above. That’s why you need to get quotes using your own driver data and vehicle information.
Responsible drivers pay cheaper New York auto insurance rates
The common sense way to enjoy low auto insurance premiums in New York for an Explorer is to pay attention while driving and avoid getting tickets or having accidents. The chart below demonstrates how traffic citations and accident claims can affect auto insurance rates for different age groups. The premiums assume a married female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of an auto insurance policy in New York per year with no accidents and a clean driving record is $1,165. Factor in two speeding tickets and the average cost rises to $1,648, an increase of $483 each year. Next add one accident along with the two speeding tickets and the yearly cost of auto insurance for a Ford Explorer jumps again to an average of $2,130. That’s an increase of $965, or $80 per month, just for not keeping your driving record clean!
Chances are good that you’re overpaying for Explorer insurance
New York auto insurance rates are influenced by many factors which can substantially change the price you have to pay for coverage. Improving your credit rating, buying a home instead of renting, or getting a ticket for running a stop sign may cause policy rate changes that can make some companies more affordable than the competition. Also, companies amend premium rates every year or even multiple times each year in order to offset underwriting gains or losses. Significantly higher losses may cause price increases, while profitable underwriting can cause lower-cost Explorer insurance rates.
To illustrate this point, the data below shows the companies that have the cheapest car insurance in New York for a 35-year-old female driver with no accidents, a clean driving record, and excellent credit. If we estimate rates based on her personal risk profile, USAA might quote the most affordable car insurance rates in New York at $3,382 each year. This is $1,307 more than the average rate paid by New York drivers of $2,075. Erie, Utica National, Progressive, and Allstate are also included in the best New York auto insurance companies.
Now we will pretend the driver from the above example a claim surcharge, a lower credit score, and a speeding citation. Because each insurer has their own process for setting rates, comparing insurance quotes may now show a significantly different list of affordable New York car insurance companies as shown below.
MetLife now has the best car insurance rate in New York with Amica, Erie, Preferred Mutual, and USAA also being competitive. This shows why consumers need to spend some time comparing rates when trying to find the lowest auto insurance rates for a Ford Explorer. Prices are calculated by many different factors and can change without notice, so the most economical option the last time you checked may now not even be in the top five.
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