Searching for better insurance coverage rates for your Ford Explorer? High-priced Ford Explorer insurance can overdraw your bank account and possibly require you to analyze your spending habits.
Due to the fact that there are so many choices, it’s difficult to find the right insurance coverage company.
You should take the time to shop coverage around occasionally because insurance coverage rates go up and down regularly. Even if you got the best deal for Explorer insurance six months ago you will most likely find a better price today. Forget anything you know (or think you know) about insurance coverage because we’re going to demonstrate one of the quickest ways to find better coverage at a better price.
There are a variety of methods you can shop for insurance but there is one way that is less labor-intensive and much quicker. You could spend the better part of a day talking to insurance companies in your area, or you could use online quotes to quickly compare rates.
Many of the larger companies belong to a marketplace where insurance shoppers enter their policy data once, and each participating company returns a rated price based on that information. This system prevents you from having to do quote forms for every insurance company.
To compare pricing click here to start a free quote.
The one disadvantage to using this type of system is you don’t know exactly the insurers to receive prices from. So if you prefer to choose specific providers to compare prices, we put together a list of companies who write insurance in your area. View list of insurance companies.
The approach you take is up to you, just make sure you are using nearly identical coverage limits on every price quote you get. If you compare differing limits you can’t possibly make a fair rate comparison. Having just a slight variation in coverage limits can mean a large discrepancy in price. Keep in mind that comparing a wide range of rates will increase your chances of finding lower pricing. Not every company allows you to get online quotes, so it’s recommended that you also compare price estimates from them as well.
When it comes to choosing the best insurance coverage coverage for your vehicles, there is no perfect coverage plan. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions can aid in determining if you might need an agent’s assistance.
If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier
Learning about specific coverages of your insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverage types found on most insurance policies.
Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as hail damage, damage from getting keyed and vandalism. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Liability car insurance
Liability coverage protects you from damage or injury you incur to other’s property or people in an accident. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage pays for claims like structural damage, bail bonds and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.
Collision insurance will pay to fix damage to your Explorer from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as sideswiping another vehicle, scraping a guard rail and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage reimburse you for bills such as X-ray expenses, chiropractic care, EMT expenses, rehabilitation expenses and hospital visits. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your Ford Explorer.
Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.