Want lower car insurance rates for your Ford Explorer? Did you fall for a flashy sales pitch and buy high-priced car insurance? Trust us, there are many people just like you.
There are many insurance companies to insure vehicles with, and even though it’s nice to be able to choose, too many choices makes it more difficult to find the best rates.
Insuring your fleet can be pricey, but companies offer discounts to help offset the cost. A few discounts will automatically apply at the time of quoting, but some may not be applied and must be requested specifically before you get the savings.
Keep in mind that most of the big mark downs will not be given to your bottom line cost. Most only reduce the price of certain insurance coverages like comp or med pay. Even though it may seem like all those discounts means the company will pay you, insurance coverage companies aren’t that generous. But all discounts will cut the cost of coverage.
For a list of providers offering insurance coverage discounts, click this link.
The easiest way to get rate comparisons is to take advantage of the fact almost all companies allow for online access to give rate comparisons. To start a quote, the only thing you need to do is give them rating details like how old drivers are, deductibles desired, if you lease or own, and what your job is. Your insurance information is instantly provided to insurance carriers in your area and you will get price comparisons immediately.
To compare multiple company rates now, click here and find out if lower rates are available.
An important part of buying insurance is that you know the different types of things that help determine your car insurance rates. Knowing what controls the rates you pay allows you to make educated decisions that could result in big savings.
When choosing the right insurance coverage, there is no one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining if your insurance needs would benefit from an agent’s advice.
If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
Understanding the coverages of your policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages found on the average auto insurance policy.
Comprehensive insurance – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like hitting a bird, vandalism and a broken windshield. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage kick in for expenses for things like ambulance fees, EMT expenses and nursing services. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Explorer.
Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Usually these limits do not exceed the liability coverage limits.
Coverage for liability – Liability insurance will cover damages or injuries you inflict on a person or their property. It protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Some companies may use one number which is a combined single limit which limits claims to one amount without having the split limit caps.
Liability can pay for things such as pain and suffering, attorney fees, medical services, repair bills for other people’s vehicles and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Collision coverages – Collision coverage pays for damage to your Explorer from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things like damaging your car on a curb, colliding with a tree, scraping a guard rail, driving through your garage door and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.
When buying insurance coverage, it’s very important that you do not buy less coverage just to save a little money. There are too many instances where someone sacrificed liability coverage limits to discover at claim time that they should have had better coverage. Your aim should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.
We’ve covered some good ideas how you can lower your 1993 Ford Explorer insurance rates. It’s most important to understand that the more price quotes you have, the higher your chance of finding lower rates. You may be surprised to find that the most savings is with an unexpected company. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as Progressive or GEICO.
Additional information is available at the links below