Who Has Affordable Auto Insurance Rates for a Ford Explorer in Durham?

Buying affordable car insurance for a Ford Explorer in North Carolina depends on a complicated formula that considers factors such as miles driven annually, your credit status, and the deductible amount you use. Drivers will pay around $767 per year to insure their Explorer, but that is an approximation based upon a 50-year-old single female driver with both comprehensive and collision coverage and $250 deductibles.

When making auto insurance estimates, the issue arises that you are not 50 years old and maybe not even female, married instead of single, or maybe you have a teen driver on your policy that needs to be considered. Even a minor difference in rating criteria can result in a massive change in the cost of insurance.

This demonstrates why the only way to find the cheapest insurance price for your Ford is to do your own rate comparisons.

Compare Rates and Save

The specific trim level will have an impact the cost of insurance, so the cost to insure a Explorer XLT 2WD trim level will be $76 less than the cost to insure the more well-appointed Explorer Limited AWD model, as shown below.

Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rates do not factor in specific location information which can impact coverage prices considerably.

Buying coverage from a high-quality insurance company is hard considering how many different companies insure vehicles in Durham. The ranking information shown below can help you choose which auto insurance companies to look at purchasing from.

These rankings are only comprised of large nationwide companies, so companies that have a smaller presence are not included in these rankings. To get rate quotes from the most competitive companies in North Carolina, click this link.

Top 10 Large Auto Insurance Companies in Durham Ranked by A.M. Best Rating

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. Nationwide – A+
9. The Hartford – A+
10. Allstate – A+

The chart below shows how different deductible levels can change yearly insurance costs when getting quotes for cheap insurance for a Ford Explorer. The rates are based on a single female driver, comprehensive and collision coverage, and no policy discounts are applied.

As shown above, a 40-year-old driver could lower their car insurance rates by $244 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $372 by choosing a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could possibly save up to $618 or even more by selecting a higher deductible.

When insureds make the decision to increase the deductibles on their policy, it will be necessary to have enough spare savings to enable you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Car insurance rates are higher with tickets and accidents

In a perfect world, the best way to find affordable car insurance premiums for an Explorer is to drive attentively and have a clean driving record. The illustration below shows how violations and accident claims increase insurance rates for different age groups of insureds. The price estimates are based on a single female driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.

In the previous chart, the average cost of an auto insurance policy per year with no accidents or violations is $1,508. Get one speeding ticket and the average cost rises to $1,706, an increase of $198 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of car insurance for a Ford Explorer jumps again to an average of $3,411. That’s an increase of $1,903, or $159 per month, just for not driving responsibly!

Tips for finding low-cost auto insurance for a Ford Explorer

Lowering your rates is not difficult, and here are a few thrifty suggestions that can help you buy lower-cost coverage.

• Do not file small claims
• Having at-fault accidents will increase rates
• Drive a car with a high safety rating
• Buying your home and auto policies from the same company can earn a discount
• Do not waste money insuring older vehicles for full coverage
• Violations and traffic tickets increase rates
• Compare rate quotes frequently

That final tip is highly important, as was pointed out in this piece. Prices charged by car insurance companies in Durham can change considerably based on profitability, so you should be ready to change insurance companies if a cheaper rate is available.

Many drivers have brand loyalty and that’s fine, but it’s not a good idea if that devotion results in you overpaying a considerable chunk of change every month. It takes less than five minutes to compare rates and find cheaper auto insurance for a Ford Explorer.

If you wish to have some professional guidance when buying car insurance for an Explorer, the agents shown below are willing to help you make a decision which auto insurance coverages would be the best in your situation. To locate a Durham car insurance agency close to where you live, click the button link following the list or click here to compare price quotes.

Find a Durham, NC insurance agent near you