Cheaper 2003 Ford Explorer Car Insurance Rates

Finding cheaper insurance for a Ford Explorer could be a lot of work, but you can learn these tips to make it easier.

There are more efficient ways to buy car insurance and we’ll show you the quickest way to quote coverages for a Ford and get the lowest price from both online companies and local agents.

Insurance policy discounts

Companies don’t always publicize all disounts in a way that’s easy to find, so the below list has both the well known and the harder-to-find credits available to bring down your rates.

  • No Claims – Drivers with accident-free driving histories have much lower rates as opposed to insureds who have frequent claims or accidents.
  • Early Payment Discounts – If you pay your entire premium ahead of time rather than paying in monthly installments you can avoid monthly service charges.
  • Lower Rates for Military – Being deployed in the military may lower your premium rates slightly.
  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of 20% or more.
  • Memberships – Being a member of a professional or civic organization can get you a small discount on your next renewal.
  • College Student Discount – Any of your kids living away from home attending college and do not have a car can receive lower rates.
  • Low Mileage – Maintaining low annual mileage can earn substantially lower prices.
  • Drivers Ed for Students – Have your child participate in a local driver’s education class if offered at their school.
  • Theft Deterent Discount – Cars and trucks with anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Good Students Pay Less – Performing well in school can earn a discount of 20% or more. The discount lasts up to age 25.

Just know that most discount credits are not given to all coverage premiums. Some only reduce the cost of specific coverages such as liability and collision coverage. Even though it may seem like you would end up receiving a 100% discount, insurance companies aren’t that generous.

A few popular companies and a partial list of their discounts are:

  • GEICO discounts include membership and employees, multi-policy, anti-lock brakes, driver training, military active duty, federal employee, and good student.
  • Auto-Owners Insurance may include discounts for anti-theft, anti-lock brakes, group or association, paperless, and teen driver.
  • American Family policyholders can earn discounts including mySafetyValet, bundled insurance, air bags, Steer into Savings, good student, accident-free, and defensive driver.
  • Esurance may have discounts that include multi-car, DriveSense, emergency road assistance, online quote, multi-policy, good driver, and online shopper.
  • Progressive may offer discounts for multi-policy, good student, homeowner, continuous coverage, online signing, multi-vehicle, and online quote discount.
  • State Farm offers premium reductions for anti-theft, good student, Drive Safe & Save, multiple policy, accident-free, and student away at school.
  • AAA offers discounts including education and occupation, multi-policy, pay-in-full, AAA membership discount, and anti-theft.

If you need lower rates, check with each insurance company the best way to save money. Some of the earlier mentioned discounts may not be available in your area. If you would like to choose from a list of insurance companies offering insurance discounts, follow this link.

Low cost car insurance

Many insurance companies like Allstate and Progressive allow consumers to get pricing directly from their websites. Doing online price comparisons is quite easy as you just type in your personal and coverage information as detailed in the form. When the form is submitted, the system gets your credit score and driving record and returns a price quote based on these and other factors.

Quoting online helps simplify price comparisons, but the time required to go to different websites and type in the same information gets old quite quickly. But it’s absolutely necessary to perform this step if you are searching for a better rate.

Rate comparisons made easy

A quicker way to compare rates makes use of a single form that gets prices from many companies. It saves time, eliminates repetitive work, and makes comparison shopping much easier to do. Immediately after you send the form, it is rated and you can choose any of the quotes that you receive.

If a lower price is quoted, you can simply submit the application and buy the policy. The entire process can be completed in a matter of minutes and you’ll know if lower rates are available.

If you want to find out how much you’re overpaying now, click here to open in a new tab and complete the simple form. If you currently have coverage, we recommend you duplicate the coverage information identical to your current policy. This way, you will receive rate comparison quotes using the same coverage and limits.

Get more affordable insurance with these tips

A large part of saving on insurance is knowing the factors that are used to determine your policy premiums. If you know what influences your rates, this allows you to make educated decisions that can help you get cheaper rates. Lots of things are used in the calculation when premium rates are determined. Most are fairly basic such as your driving record, although some other factors are not quite as obvious such as whether you are married and annual miles driven.

  • Bundle policies and save – The majority of insurers provide a discount to policyholders who buy several policies from them such as combining an auto and homeowners policy. Even with this discount, you may still want to compare other company rates to confirm you are receiving the best rates possible.
  • Premiums are high for teenagers – Inexperience drivers are statistically shown to get distracted easily when driving with friends so they pay higher insurance rates. If you’ve ever had to add a first-time driver onto a policy can increase premiums substantially. Older drivers are more responsible, file fewer claims and tend to be get fewer driving tickets.
  • City traffic equals higher costs – Living in less populated areas is a good thing when talking about insurance. Fewer people means a lower chance of having an accident in addition to fewer liability claims. City drivers tend to have congested traffic and more time behind the wheel. The longer drive time can result in more accidents.
  • Vehicles with better crash test results cost less to insure – Vehicles with high crash test scores cost less to insure. Vehicles built for safety protect occupants better and lower injury rates means less money paid by your insurance company passed on to you as lower rates.
  • Save money by raising physical damage deductibles – Physical damage coverage, also called ‘full coverage’, protects your Ford from damage. Some examples of covered claims are running into the backend of another car, hitting a deer, and burglary. Comp and collision deductibles define how much you are required to pay if a covered claim is submitted. The more money you choose to pay out-of-pocket, the lower your rates will be for Explorer insurance.
  • Amount of liability protection – Liability coverage provides coverage if a court rules you are at fault for causing damage or personal injury in an accident. It will provide legal defense coverage which can cost a lot. This coverage is very inexpensive compared to physical damage coverage, so do not skimp.
  • Use credit responsibly and save – Having a bad credit rating is a big factor in calculating your premium rate. If your credit score could use some work, you may save money insuring your 2003 Ford Explorer by repairing your credit. People that have high credit scores tend to be more responsible than drivers with lower credit scores.

How do I know if I need professional advice?

When buying adequate coverage, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs.

For instance, these questions can help discover if your situation may require specific advice.

  • How much liability coverage do I need in my state?
  • Are rental cars covered under my policy?
  • Why do I need rental car insurance?
  • Is other people’s property covered if stolen from my vehicle?
  • Are my friends covered when driving my 2003 Ford Explorer?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Am I covered if my car is in a flood?
  • What is UM/UIM insurance?
  • How can I get high-risk coverage after a DUI?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form. It is quick, free and you can get the answers you need.

What insurance coverages do you need?

Knowing the specifics of insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Liability

This provides protection from damage or injury you incur to other people or property. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against things such as funeral expenses, structural damage, emergency aid, loss of income and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Medical costs insurance

Med pay and PIP coverage reimburse you for immediate expenses such as rehabilitation expenses, dental work, ambulance fees, nursing services and hospital visits. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. They cover both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like driving through your garage door, scraping a guard rail and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like damage from getting keyed, hitting a deer, falling objects and vandalism. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

UM/UIM Coverage

This gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Explorer.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Best coverage at the best price

We just covered many ideas to get a better price on 2003 Ford Explorer insurance. The key concept to understand is the more price quotes you have, the better likelihood of getting inexpensive car insurance. Consumers could even find that the lowest rates come from some of the lesser-known companies.

Consumers who switch companies do it for many reasons like lack of trust in their agent, delays in responding to claim requests, policy cancellation and even questionable increases in premium. No matter why you want to switch, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

Cheaper insurance coverage can be bought from both online companies and from local agencies, and you need to price shop both to get a complete price analysis. Some companies do not offer online rate quotes and most of the time these regional insurance providers provide coverage only through independent agencies.

More tips and info about insurance coverage is available at these sites: