To save the most money, the best way to find cheaper Ford Explorer insurance is to regularly compare prices from companies who can sell car insurance in Aurora.
- Try to understand what is in your policy and the things you can control to prevent expensive coverage. Many factors that drive up the price like traffic citations and poor credit can be remedied by making small lifestyle or driving habit changes.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or Farmers Insurance, while independent agencies can quote prices for a wide range of insurance providers.
- Compare the price quotes to your current policy premium to determine if you can save on Explorer insurance in Aurora. If you can save some money, make sure there is no coverage gap between policies.
A good piece of advice is that you use the same amount of coverage on each quote request and and to get rate quotes from every insurance company. Doing this ensures an apples-to-apples comparison and a thorough price selection.
It's safe to assume that car insurance companies don't want you to look for a cheaper policy. People who shop around at least once a year will most likely buy a different policy because of the high probability of getting low-cost coverage. A study showed that consumers who made a habit of comparing rates saved on average $860 a year compared to people who never shopped around for cheaper prices.
If finding the best rates on Ford Explorer insurance is the reason you're here, then having an understanding of how to get price quotes and compare coverages can help you succeed in saving money.
The method we recommend to get policy rate comparisons for Ford Explorer insurance in Aurora is to know all the major auto insurance companies pay for the opportunity to give you rate quotes. To begin a comparison, all you need to do is spend a couple of minutes providing details like if you are currently licensed, any included safety features, driver details, and your general credit rating. That rating information is submitted instantly to multiple top-rated companies and you receive quotes within a short period of time.
To get price quotes for your Ford Explorer now, click here and enter the information requested.
The companies in the list below are our best choices to provide comparison quotes in Colorado. To get the best cheap auto insurance in Aurora, CO, it's a good idea that you click on several of them in order to get a fair rate comparison.
Insurance coverage analysis
The data table displayed below highlights estimates of policy rates for Ford Explorer models. Having insight into how insurance premiums are calculated can assist in making smart choices when purchasing an insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$234||$368||$396||$24||$118||$1,140||$95|
|Explorer Eddie Bauer 2WD||$234||$368||$396||$24||$118||$1,140||$95|
|Explorer XLT 4WD||$234||$368||$396||$24||$118||$1,140||$95|
|Explorer XLT AWD||$234||$368||$396||$24||$118||$1,140||$95|
|Explorer Eddie Bauer 4WD||$264||$448||$396||$24||$118||$1,250||$104|
|Explorer Eddie Bauer AWD||$264||$448||$396||$24||$118||$1,250||$104|
|Explorer Limited 2WD||$264||$448||$396||$24||$118||$1,250||$104|
|Explorer Limited 4WD||$264||$448||$396||$24||$118||$1,250||$104|
|Explorer Limited AWD||$264||$448||$396||$24||$118||$1,250||$104|
|Get Your Own Custom Quote Go|
Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium costs do not factor in Aurora location which can influence auto insurance rates greatly.
The chart below highlights how deductible selection and can impact Ford Explorer insurance prices for different age groups of insureds. The data assumes a single male driver, comp and collision included, and no additional discounts are factored in.
Ford Explorer liability rates compared to full coverage
The illustration below shows the difference between Ford Explorer insurance costs with and without full coverage. The data assumes no accidents or driving violations, $1,000 deductibles, single marital status, and no other discounts are factored in.
Should you be buying full coverage?
There is no exact formula for excluding physical damage coverage, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let's assume your Ford Explorer claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after paying your policy deductible. If premiums are more than $500 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some situations where dropping full coverage is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle in case of an accident, you should not drop full coverage.
Why do I need car insurance?
Despite the high cost, auto insurance is not optional due to several reasons.
- Almost all states have mandatory insurance requirements which means state laws require a specific minimum amount of liability in order to drive the car legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your Ford has a lienholder, most banks will stipulate that you have physical damage coverage to guarantee loan repayment. If you default on your policy, the bank will be required to insure your Ford at an extremely high rate and force you to reimburse them the higher price.
- Insurance safeguards not only your car but also your financial assets. Insurance will also pay for many types of medical costs that are the result of an accident. Liability coverage will also pay for a defense attorney if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of buying enough insurance definitely exceed the cost, especially if you ever need it. Unknowingly, the average driver is overpaying over $855 a year so it's recommended you shop around once a year at a minimum to make sure the price is not too high.
What auto insurance coverages do you need?
Learning about specific coverages of your policy can be of help when determining the best coverages and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. These are the usual coverages found on the average auto insurance policy.
Collision coverage - Collision coverage will pay to fix damage to your Explorer from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for things such as sustaining damage from a pot hole, rolling your car, backing into a parked car and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible on your Explorer to save money on collision insurance.
Medical expense insurance - Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as dental work, funeral costs, chiropractic care, ambulance fees and surgery. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover you and your occupants and also covers being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
Protection from uninsured/underinsured drivers - Your UM/UIM coverage protects you and your vehicle's occupants when the "other guys" either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle's occupants as well as damage to your Ford Explorer.
Since a lot of drivers carry very low liability coverage limits (Colorado limits are 25/50/15), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.
Comprehensive (Other than Collision) - Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims such as a broken windshield, fire damage, vandalism, a tree branch falling on your vehicle and damage from getting keyed. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.
Liability auto insurance - This coverage provides protection from injuries or damage you cause to other's property or people by causing an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/15 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and $15,000 of coverage for damaged property.
Liability insurance covers claims such as attorney fees, repair costs for stationary objects, legal defense fees, emergency aid and medical services. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible. Colorado state minimum liability requirements are 25/50/15 but drivers should carry better liability coverage.
The chart below demonstrates why buying the state minimum limits may not be high enough to adequately cover claims.