Trying to find the cheapest insurance rates for your Ford Explorer? Tired of trying to scrape together enough money to insure your Ford every month? You’re in the same situation as many other drivers.
Multiple auto insurance companies compete for your business, and it can be difficult to compare rates and get the best coverage at the lowest price
It’s a great practice to price shop coverage at least once a year since rates change regularly. If you had the lowest rates on Explorer coverage a year ago there is a good chance you can find better rates now. Forget anything you know (or think you know) about insurance because you’re about to learn the things you must know in order to properly buy coverages while reducing your premium.
Companies that sell car insurance do not list all their discounts very clearly, so here is a list some of the more common as well as the least known savings tricks you should be using.
Keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like all the discounts add up to a free policy, companies don’t profit that way.
Car insurance companies that possibly offer these benefits are:
It’s a good idea to ask every prospective company how you can save money. All car insurance discounts might not apply everywhere.
Consumers need to have an understanding of the factors that help determine the rates you pay for insurance. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that could result in big savings.
The following are a few of the “ingredients” companies use to determine premiums.
When choosing the right insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that might help in determining whether or not you would benefit from professional advice.
If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Companies like State Farm, Geico and Progressive regularly use ads on TV and radio. All the ads make the same claim about savings if you move your coverage to them. How do they all claim to save you money?
Different companies have a preferred profile for the right customer that makes them money. For example, a preferred risk might be profiled as between the ages of 30 and 50, has no driving citations, and drives less than 10,000 miles a year. Any driver who matches those parameters will get very good rates and is almost guaranteed to save a lot of money.
Potential insureds who don’t measure up to this ideal profile must pay a more expensive rate and this can result in the customer not buying. Company advertisements say “drivers who switch” but not “drivers who get quotes” save money. That’s why companies can claim big savings. This illustrates why you should quote coverage with many companies. You cannot predict which company will provide you with the cheapest Ford Explorer insurance rates.
Having a good grasp of car insurance can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverage types offered by car insurance companies.
This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage protects against claims like scraping a guard rail, crashing into a ditch, hitting a mailbox and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to increase the deductible to bring the cost down.
This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers things like hitting a bird, theft, damage from getting keyed, falling objects and a broken windshield. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Ford Explorer.
Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.
Coverage for medical payments and/or PIP kick in for expenses such as pain medications, X-ray expenses and surgery. They are often used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Liability insurance can cover damage that occurs to people or other property. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.
Liability insurance covers things like emergency aid, loss of income, bail bonds, medical expenses and structural damage. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford.
While you’re price shopping online, you should never reduce coverage to reduce premium. There have been many situations where drivers have reduced physical damage coverage to discover at claim time that the savings was not a smart move. Your strategy should be to find the BEST coverage at the best price while still protecting your assets.
We just presented some good ideas how you can reduce 1999 Ford Explorer insurance prices online. It’s most important to understand that the more rate quotes you have, the better likelihood of reducing your rate. You may even find the biggest savings come from a company that doesn’t do a lot of advertising. They may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm, Geico and Nationwide.
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