Buying affordable coverage for a Ford Explorer in Texas depends on a whole bunch of factors such as how many years you have been driving, your geographic location, and any prior driving offenses you have. Texas drivers will pay on average $1,172 per year to insure their Explorer, but that is a valuation calculated based on a 40-year-old single male driver with full coverage and $500 deductibles.
Most likely you are not 40 years old and maybe not even male, married instead of single, or maybe you just want liability only. Have just a small change in rating variables could result in a significant change in the cost of a policy.
Everyone has unique insurance needs, and this illustrates why the best way to find cheap car insurance rates for your Ford is to do your own rate comparisons. Quotes only take a few minutes and you will be able to compare rates from top-rated companies that offer coverage in Texas.
Your vehicle’s trim level has an effect on the coverage cost, so the cost to insure a Explorer XLT 2WD model will be $112 less than the cost to insure the fancier Explorer Limited AWD version, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$234||$378||$462||$28||$138||$1,240||$103|
|Explorer Eddie Bauer 2WD||$234||$378||$462||$28||$138||$1,240||$103|
|Explorer XLT 4WD||$234||$378||$462||$28||$138||$1,240||$103|
|Explorer XLT AWD||$234||$378||$462||$28||$138||$1,240||$103|
|Explorer Eddie Bauer 4WD||$264||$460||$462||$28||$138||$1,352||$113|
|Explorer Eddie Bauer AWD||$264||$460||$462||$28||$138||$1,352||$113|
|Explorer Limited 2WD||$264||$460||$462||$28||$138||$1,352||$113|
|Explorer Limited 4WD||$264||$460||$462||$28||$138||$1,352||$113|
|Explorer Limited AWD||$264||$460||$462||$28||$138||$1,352||$113|
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium costs do not factor in Corpus Christi location which can raise or lower insurance rates noticeably.
Trying to buy low-cost insurance is hard enough, and determining which companies quote the cheapest insurance rates for a Ford Explorer will involve a bit more work.
Each company uses their own formula to set their prices, so let’s take a look at the most affordable insurance companies in Texas. It’s important that you understand Corpus Christi insurance rates are impacted by many things that control the price you pay for coverage. Getting older, buying a safer car, or getting a reckless driving citation can cause premium changes that may make certain companies more expensive than others.
Find the Best Cheap Insurance for Your Explorer
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,235|
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Travelers quotes some of the cheapest car insurance rates in Corpus Christi at around $1,052 per year. This is $852 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also be considered some of the best Corpus Christi, TX insurance companies.
As the rates illustrate above, if you buy coverage from Germania Mutual and switched to USAA, you might achieve a yearly savings of upwards of $154. Policyholders with California Casualty may save as much as $268 a year, and Esurance customers might lower prices by $279 a year.
Remember that these estimates are averaged for all ages of drivers and types of vehicles and do not take into consideration an exact vehicle garaging location for a Ford Explorer. So the insurer that has the lowest price for you may not even be in the top 23 companies shown above. That underscores the importance of why you need to get quotes using your own individual information.
Difference between full coverage and liability only rates
Saving money on insurance should be important to most drivers, and a good way to find cheap insurance for a Ford Explorer is to not buy comprehensive and collision coverage. The diagram below visualizes the comparison of car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Texas. Data assumes no claims or driving violations, $1,000 deductibles, single status, and no discounts are applied to the premium.
If all age groups are averaged, physical damage coverage costs $1,919 per year more than insuring for liability only. That may make you wonder if buying full coverage is a waste of money. There is no specific rule that works best for making the decision to drop physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
There are some situations where dropping full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.
Chances are good that you’re overpaying for Explorer insurance
Corpus Christi insurance rates are based on many factors that may substantially change the cost of having a policy. Simply having a birthday, marrying your spouse, or getting a driving violation can trigger rate changes that may make certain companies cheaper than competitors.
Not only may your situation change, but car insurance companies file new Texas auto insurance rates multiple times each year in order to offset underwriting gains or losses. Unexpectedly high claims can cause more expensive premiums, while a profitable period may result in lower-cost Explorer insurance rates.
For instance, the data below shows the cheapest car insurance in Corpus Christi, TX for a 30-year-old female driver with no violations or accidents, and a decent credit rating. If we estimate rates based on her personal profile, Travelers quotes the best car insurance rates in Corpus Christi at $1,156 a year. This is $748 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the cheapest Corpus Christi, TX auto insurance companies.
The chart below compares rates after we give the driver from above a chargeable accident, less-than-perfect credit, and a stop sign violation. Because each company has a different process to set their prices, analyzing rate quotes may now present a different set of the cheapest Corpus Christi car insurance companies as shown below.
USAA now has the lowest car insurance rate in Corpus Christi with State Farm, Mercury, Nationwide, and Safe Auto completing the list. This shows why it is so important to shop around with many companies when trying to find the most affordable insurance rates for a Ford Explorer.
Insurance rates consist of many different factors and can increase or decrease at any time, so the most economical option when you last compared rates may now be one of the higher cost companies.
How to find economical auto insurance for a Ford Explorer
It is possible to find better rates, and here are some of the better money-saving ideas that can help drivers find lower-cost coverage.
- Higher comprehensive and collision coverage deductibles will save money
- Do not get tickets or violations
- Save money by only buying liability coverage for older vehicles
- Higher credit ratings may save you money
- Drive safe vehicles
- Remain accident-free and save
- Shop around for cheaper rates regularly
That last piece of advice is incredibly important, as we hit on in the article above. Insurance rates can be modified anytime, so don’t hesitate to buy a policy from a new company if a better rate can be found. Loyalty to a specific company is fine, but it’s not recommended if it’s costing you money that could be going to better use. Spend a few minutes and compare prices to find cheaper insurance for a Ford Explorer in Corpus Christi.