2001 Ford Explorer Insurance Rates – 10 Ideas for Best Quotes

I can’t think of anyone who looks forward to buying insurance coverage, in particular when their premiums are through the roof. Because you have many companies and agents to choose from, it can be challenging to pick the lowest cost insurer.

How to Get Car Insurance

Comparing car insurance rates can take time and effort if you don’t utilize the best way to get rate quotes. You can waste hours discussing policy coverages with local insurance agents in your area, or you could use online quotes to get rates in a matter of minutes.

All the larger companies take part in a program where insurance shoppers enter their policy data once, and every company can give them a price. This system prevents you from having to do quotation requests for every car insurance company.

To find out what other companies charge for 2001 Ford Explorer insurance click here to start a free quote.

The one disadvantage to pricing coverage this way is that you can’t choose the providers to get quotes from. So if you want to select specific providers to compare rates, we have a listing of the cheapest car insurance companies in your area. Click here to view list.

It’s up to you which method you use, but make sure you use identical coverage limits and deductibles for each comparison quote. If each company quotes different limits and deductibles on each one it will be next to impossible to make a fair comparison for your Ford Explorer.

Don’t be fooled by advertising claims

Drivers constantly see and hear ads that promise big savings by companies like State Farm, Allstate and GEICO. They all seem to make the same claim about savings if you move to them.

How can each company say the same thing? It’s all in the numbers.

All companies have a preferred profile for the type of customer that earns them a profit. For example, a profitable customer might be profiled as over the age of 40, is a homeowner, and drives less than 10,000 miles a year. A driver who meets those qualifications receives the best rates and therefore will save a lot of money.

Potential insureds who don’t measure up to the requirements will have to pay a higher premium which usually ends up with business going elsewhere. The ads state “drivers who switch” not “people who quote” save money. That’s why companies can state the savings.

Because of the profiling, you should quote coverage with many companies. It’s impossible to know which company will provide you with the cheapest Ford Explorer insurance rates.

Discounts are available to cut your rates

Car insurance is not cheap, but discounts can save money and there are some available to help offset the cost. Some discounts apply automatically when you get a quote, but a few must be manually applied before they will apply. If they aren’t giving you every credit possible, you are throwing money away.

  • Safe Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for Explorer coverage than less cautious drivers.
  • No Accidents – Claim-free drivers can earn big discounts when compared with frequent claim filers.
  • Drive Less and Save – Fewer annual miles on your Ford can qualify you for a substantially lower rate.
  • Seat Belts Save – Drivers who require all occupants to use their safety belts can save 10% or more off your medical payments premium.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or automatic seat belts may earn rate discounts up to 30%.
  • Life Insurance – Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
  • Early Signing – Some insurance companies reward drivers for buying a policy prior to your current policy expiring. This can save 10% or more.
  • Military Discounts – Being deployed with a military unit could be rewarded with lower premiums.
  • Government Employees – Simply working for the federal government may qualify you for a discount for Explorer coverage with certain companies.
  • Pay Now and Pay Less – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.

Drivers should understand that some of the credits will not apply to all coverage premiums. Most cut specific coverage prices like medical payments or collision. Just because you may think adding up those discounts means a free policy, it just doesn’t work that way. But any discount will help reduce the amount you have to pay.

Car insurance companies that may have these discounts include:

It’s a good idea to ask each company which discounts they offer. Some discounts might not apply in your area.

Everyone needs different coverages

When buying the right insurance coverage, there really is no one size fits all plan. Everyone’s situation is a little different so this has to be addressed. For instance, these questions may help you determine if you will benefit from professional help.

  • Do all my vehicles need collision coverage?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does medical payments coverage apply to all occupants?
  • When can my company non-renew my policy?
  • Do I benefit by insuring my home with the same company?
  • Is business property covered if stolen from my car?
  • When would I need rental car insurance?
  • Does my car insurance cover rental cars?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking 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 It only takes a few minutes and can provide invaluable advice.

Insurance specifics

Understanding the coverages of insurance can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be confusing and nobody wants to actually read their policy. These are the normal coverages available from insurance companies.

Comprehensive coverages

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims such as theft, damage from a tornado or hurricane, hail damage and a broken windshield. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for medical payments

Med pay and PIP coverage pay for short-term medical expenses for ambulance fees, pain medications, surgery and dental work. The coverages can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Uninsured and underinsured coverage

This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your 2001 Ford Explorer.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision insurance

This 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 claims such as hitting a parking meter, colliding with another moving vehicle, sideswiping another vehicle, backing into a parked car and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Auto liability insurance

This coverage can cover injuries or damage you cause to other’s property or people by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Some companies may use a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as court costs, bail bonds, loss of income, structural damage and pain and suffering. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Money doesn’t grow on trees

In this article, we presented quite a bit of information on how to save on 2001 Ford Explorer insurance. The most important thing to understand is the more companies you get rates for, the better your chances of lowering your rates. You may even discover the best price on car insurance is with the smaller companies. Regional companies may often insure only within specific states and give getter rates compared to the large companies like GEICO and State Farm.

Cost effective insurance is attainable online as well as from independent agents, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who don’t offer you the ability to get quotes online and most of the time these smaller companies sell through independent agents.

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