Buying economical coverage for a Ford Explorer in Florida hinges on a lot of rating criteria such as the safety rating of your vehicle, your occupation, and blemishes on your driving record. Drivers in Florida pay approximately $1,384 a year for Explorer insurance, but that is an approximation using a 30-year-old married female driver with full physical damage coverage and $100 deductibles.
Most likely you're not a 30-year-old female, single instead of married, or maybe you just want liability only instead of full coverage. This demonstrates why the only real way to find cheap insurance rates for your Ford is to compare as many rates as possible. Compare rate quotes now and you can get rates from the cheapest companies around.
Your Ford's trim level tends to have a direct impact on the cost of coverage, so the price you will pay to insure a Explorer XLT 2WD model will be $158 cheaper than the price to insure the high end Explorer Limited AWD trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$348||$522||$426||$26||$128||$1,450||$121|
|Explorer Eddie Bauer 2WD||$348||$522||$426||$26||$128||$1,450||$121|
|Explorer XLT 4WD||$348||$522||$426||$26||$128||$1,450||$121|
|Explorer XLT AWD||$348||$522||$426||$26||$128||$1,450||$121|
|Explorer Eddie Bauer 4WD||$392||$636||$426||$26||$128||$1,608||$134|
|Explorer Eddie Bauer AWD||$392||$636||$426||$26||$128||$1,608||$134|
|Explorer Limited 2WD||$392||$636||$426||$26||$128||$1,608||$134|
|Explorer Limited 4WD||$392||$636||$426||$26||$128||$1,608||$134|
|Explorer Limited AWD||$392||$636||$426||$26||$128||$1,608||$134|
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Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Prices do not factor in zip code location which can raise or lower insurance rates greatly.
Trying to find cost effective auto insurance is easier said than done, and determining which company offers the lowest-priced car insurance rates for a Ford Explorer in Florida requires even more shopping around.
Every car insurance company uses their own calculation to set policy rates, so let's take a look at the most budget-friendly car insurance companies in Florida. It's important to understand that Florida car insurance rates are impacted by many things which can substantially decrease or increase your annual premium. Simply having a birthday, buying a different vehicle, or getting caught speeding may generate price changes that can make some companies much higher than others.
Find Cheaper Auto Insurance for Your Explorer
|Rank||Company||Cost Per Year|
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USAA quotes some of the most affordable car insurance rates in Florida at around $957 each year. Amica, Electric, Progressive, and Allied also are some of the most economical Florida auto insurance companies.
As depicted above, if you are a policyholder with Allied and switched to Amica, you could earn annual savings of in the neighborhood of $180. Insureds with Travelers might save as much as $199 a year, and Mercury insureds might reduce rates by $227 a year.
If you would like to find cheaper car insurance rates, click here to start your free quote or click several companies below for low rates.
Bear in mind that those estimates are averaged across all insureds and vehicles and and are not figured with a specific rate factor for a Ford Explorer. So the insurer that has the cheapest rates for you may not even be in the list above. That emphasizes why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.
Get discounts on Florida car insurance rates
Insurance companies that provide coverage for a Ford Explorer could also offer price discounts that could lower prices by as much as 40% or more if you meet the requirements. Larger car insurance companies and their possible discounts are detailed below.
- GEICO offers discounts for good student, multi-policy, membership and employees, seat belt use, and driver training.
- USAA offers premium reductions for defensive driver, loyalty savings, military installation, annual mileage, new vehicle, driver training, and good student.
- Progressive includes discounts for multi-policy, multi-vehicle, continuous coverage, online quote discount, homeowner, and good student.
- American Family has discounts for good driver, accident-free, TimeAway discount, mySafetyValet, defensive driver, and air bags.
- Esurance may have discounts that include DriveSense, multi-policy, paid-in-full, online quote, anti-lock brakes, and homeowner.
- Farmers Insurance may offer discounts for good student, mature driver, business and professional, alternative fuel, homeowner, switch companies, and early shopping.
- State Farm policyholders can earn discounts including accident-free, Steer Clear safe driver discount, driver's education, multiple autos, and Drive Safe & Save.
The diagram below illustrates the difference between insurance premiums with and without discounts. The data assumes a female driver, no tickets, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with anti-theft, defensive driving course, marriage, claim-free, vehicle safety, and homeowner discounts applied. When drivers take advantage of discounts, the average savings per year on car insurance for a Ford Explorer is 28% or $635.
The illustration below highlights how deductible choice can affect insurance prices when getting quotes for cheap insurance for a Ford Explorer in Florida. The information is based on a married female driver, full coverage, and no policy discounts are applied.
As shown above, a 50-year-old driver could reduce rates by $354 a year by increasing from a $100 deductible up to a $500 deductible, or save $536 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old example, could reduce their rates up to $880 annually just by choosing larger deductibles. When increasing deductibles, it will be necessary to have enough spare savings to allow you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Don't make the mistake of not shopping around
Florida car insurance rates are determined by lots of factors that will increase or decrease the cost of your policy. Improving your credit rating, becoming a homeowner, or getting a ticket for careless driving may cause policy rate changes that can now make some companies more affordable than others.
Not only may your situation change, but insurance companies modify rates every year or even multiple times each year as an adjustment for underwriting gains or losses. An unexpected high level of claims may result in higher prices, while a profitable period can produce lower-cost Explorer insurance rates.
To help illustrate this point, the chart below shows which companies have the cheapest car insurance in Florida for a 40-year-old female driver with no prior accidents, a clean driving record, and a high credit rating. When comparing rates based on her current risk profile, USAA offers the most affordable car insurance rates in Florida at $977 a year. This is $1,471 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are the remainder of the cheapest Florida auto insurance companies.
Now we will give the driver from the first set of rates a claim, a lower credit rating, and a few traffic violations. Because every insurance company uses their own calculation to set premium rates, comparing quotes most likely will result in a new list of companies as shown below.
USAA now has the lowest price in Florida with Mercury, State Farm, Esurance, and Auto-Owners now rounding out the top five. This example proves why Florida drivers need to compare lots of rates to get the most budget-friendly car insurance rates for a Ford Explorer. Car insurance prices are calculated by many things and can increase or decrease at any time, so the most economical company when you last compared rates may now be costing you a lot of money.
How to find economical car insurance for a Ford Explorer in Florida
It is possible to find better rates, and here are some thrifty suggestions that can help Florida drivers get cheap coverage.
- Higher credit scores can equal lower rates
- Prevent price hikes by avoiding at-fault accidents
- Just one traffic violation will increase your rates
- Increase your physical damage deductibles
- Drive a car with a high safety rating
- Comparison shop at least every other year
That last idea is incredibly crucial, as was noted in the article above. Prices charged by car insurance companies vary considerably, so don't be hesitant to buy a policy from a new company if you find a better deal.
Having brand loyalty is commendable, but it's not a great idea if that loyalty ends up costing lots of hard earned cash every month. In less than five minutes you could shop around to find cheaper car insurance for a Ford Explorer.