Lower Your 1993 Ford Explorer Car Insurance Rates

Overpriced Ford Explorer insurance can dwindle your savings account and put a big crunch on your finances. Doing a price comparison is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income. You have so many auto insurance companies to choose from, and although it’s nice to have a selection, it can be more challenging to compare company pricing.

Buying car insurance is not rocket science. If you currently have car insurance, you should be able to save some money using this strategy. Drivers just need to learn the proper methods to get comparison quotes online.

How to reduce Ford Explorer insurance rates

Auto insurance companies don’t always publicize every available discount in an easy-to-find place, so we took the time to find some of the more common and the harder-to-find savings tricks you should be using. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.
  • No Claims – Good drivers with no accidents pay less compared to drivers who are more careless.
  • Resident Student – Kids in college who are attending college and don’t have a car can receive lower rates.
  • Theft Prevention System – Vehicles with anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • Early Signing – A few companies offer discounts for signing up before your current expiration date. This can save 10% or more.
  • Multiple Vehicles – Insuring multiple vehicles on one policy may reduce the rate for each vehicle.
  • Safe Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for Explorer coverage than drivers with accidents.
  • Passive Restraints – Vehicles equipped with air bags or motorized seat belts can qualify for discounts of 20% or more.
  • Good Students Pay Less – A discount for being a good student can earn a discount of 20% or more. This discount can apply well after school through age 25.

Consumers should know that many deductions do not apply to the entire policy premium. Most only reduce specific coverage prices like comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way.

For a list of companies with the best insurance discounts, click here.

The best way to compare insurance rates from multiple companies is to know the trick most insurance companies actually pay money for the chance to compare their rates. To get started, all you need to do is spend a couple of minutes providing details such as types of safety features, whether or not you need a SR-22, driver ages, and how you use your vehicles. The rating information gets transmitted to multiple insurance coverage providers and they provide comparison quotes quickly.

To find lower rates now, click here and see if a lower rate is available.

Pieces of the Ford Explorer insurance rate puzzle

An important part of buying insurance is that you know the different types of things that come into play when calculating the price you pay for insurance. Knowing what controls the rates you pay empowers consumers to make smart changes that will entitle you to big savings.

The list below includes a partial list of the pieces used by your company to calculate prices.

  • Rural vs Urban Areas – Living in a rural area can be a good thing when buying insurance. Drivers who live in large cities have to deal with much more traffic and longer commute times. Less people living in that area means fewer accidents and a lower car theft rate.
  • Men fork out a little more – Statistics demonstrate women are more cautious behind the wheel. However, don’t assume that men are WORSE drivers than women. They both cause accidents at about the same rate, but the males cause more damage and cost insurance companies more money. They also get more serious tickets like DUI and reckless driving.
  • Don’t buy coverages you don’t need – There are many add-on coverages that you can get tricked into buying if you aren’t careful. Things like personal injury protection, accidental death and membership fees may be costing you every month. These may sound like a good investment at first, but your needs may have changed so remove them from your policy.
  • Save money with special equipment – Choosing a vehicle with anti-theft technology or alarm system can save you a little every year. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.
  • Discounts for married couples – Getting married can actually save you money on your policy. Marriage is viewed as being more responsible and statistics show married couples file fewer claims.
  • Occupation reflects on rates – Did you know your insurance rates can be affected by your occupation? Careers like lawyers, social workers and financial analysts are shown to have higher average rates in part from high stress and long work days. Conversely, jobs such as actors, engineers and performers pay the least for Explorer coverage.

Tailor your coverage to you

When buying the best car insurance coverage, there is no cookie cutter policy. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions may help you determine whether you would benefit from professional advice.

  • Does my policy cover my teen driver if they drive my company car?
  • Can my babysitter drive my car?
  • Do I have coverage when pulling a U-Haul trailer?
  • Do I need roadside assistance coverage?
  • If my 1993 Ford Explorer is totaled, can I afford another vehicle?
  • Will my insurance pay for OEM parts?
  • What is PIP insurance?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.

Educate yourself about auto insurance coverages

Understanding the coverages of your auto insurance policy helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most auto insurance policies.

Liability – This coverage provides protection from damage that occurs to other people or property in an accident. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things like bail bonds, pain and suffering, legal defense fees and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like ambulance fees, nursing services and EMT expenses. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. PIP is not available in all states and may carry a deductible

Collision coverage – This coverage covers damage to your Explorer caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like colliding with a tree, hitting a mailbox, scraping a guard rail, driving through your garage door and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.

UM/UIM Coverage – This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries 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. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, falling objects and a tree branch falling on your vehicle. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Final considerations

As you prepare to switch companies, it’s very important that you do not buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped full coverage only to find out that it was a big error on their part. Your aim should be to purchase plenty of coverage for the lowest price while still protecting your assets.

Cheap 1993 Ford Explorer insurance is attainable online in addition to many insurance agents, so you should compare both so you have a total pricing picture. A few companies do not provide online price quotes and most of the time these small insurance companies sell through independent agents.

Additional learning opportunities