Compare 2002 Ford Explorer Sport Insurance Cost

Trying to find the cheapest insurance for a new or used Ford Explorer Sport can be an all-consuming task, but you can follow our auto insurance buying tips to save time. There is a right way and a wrong way to shop for auto insurance and you need to know the absolute fastest way to price shop coverage for your Ford and locate the lowest possible price.

Smart consumers take time to shop coverage around quite often since insurance rates are usually higher with each renewal. Just because you found the lowest rates on Explorer Sport insurance a year ago you will most likely find a better rate today. You can find a lot of misleading information regarding auto insurance on the internet, so with this article, you’re going to get some tested techniques to slash your auto insurance rates.

The most recommended method to compare rates is to realize most of the bigger providers will pay a fee to quote your coverage. To start a quote, the only thing you need to do is give them some information including deductibles desired, if you lease or own, types of safety features, and how old drivers are. The rating information is then submitted to many different companies and you receive quotes almost instantly.

Cut your premium with discounts

Companies that sell car insurance don’t list every discount very well, so we researched some of the best known and the harder-to-find ways to save on auto insurance. If you don’t get every credit you qualify for, you’re paying more than you need to.

  • Distant Student – Children who are attending college without a vehicle on campus may qualify for this discount.
  • Drivers Ed for Students – Have your child enroll in driver’s education in high school.
  • Homeowners Discount – Being a homeowner can help you save on auto insurance due to the fact that maintaining a home shows financial diligence.
  • Multiple Cars – Insuring all your vehicles on the same auto insurance policy could earn a price break for each car.
  • Good Students Pay Less – A discount for being a good student can get you a discount of up to 25%. The good student discount can last well after school through age 25.
  • Air Bag Discount – Vehicles with factory air bags or automatic seat belts can receive discounts of 20% or more.
  • Life Insurance Discount – Companies who offer life insurance give a break if you buy life insurance from them.
  • Sign Online – Certain companies may give you up to $50 for buying a policy and signing up digitally online.

It’s important to understand that some credits don’t apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, you’re out of luck.

Companies that may offer these discounts may include but are not limited to:

It’s a good idea to ask each insurance company which discounts you may be entitled to. All car insurance discounts may not apply in your state.

What is the best insurance coverage?

When buying adequate coverage, there really is no “best” method to buy coverage. Every situation is different.

For instance, these questions can aid in determining whether your personal situation could use an agent’s help.

  • When can my company non-renew my policy?
  • What is an SR-22 filing?
  • Does insurance cover damages from a DUI accident?
  • Do I pay less if my vehicle is kept in my garage?
  • Am I covered if I crash into my own garage door?
  • Can I afford to pay high deductible claims out of pocket?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Are my friends covered when driving my 2002 Ford Explorer Sport?
  • What discounts do I qualify for?
  • Is my state a no-fault state?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can help protect your family.

Elements that influence Ford Explorer Sport insurance rates

It’s important that you understand the factors that play a part in calculating the price you pay for car insurance. Knowing what influences your rates empowers consumers to make smart changes that can help you get big savings.

  • Discounts for married couples – Being married helps lower the price on your policy. Marriage translates into being more mature than a single person and it’s proven that drivers who are married are more cautious.
  • Car features impact rates – Purchasing a vehicle with anti-theft technology or alarm system can get you a discount on your car insurance. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
  • Your job and insurance rates – Careers like real estate brokers, architects and stock brokers tend to pay the highest rates due to job stress and lots of time spent at work. On the other hand, occupations such as scientists, students and the unemployed have the lowest average rates on Explorer Sport insurance.
  • What are your deductibles? – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Ford. A few examples of covered claims are running into the backend of another car, vandalism, and windstorm damage. The deductibles are how much you are required to spend out-of-pocket if you file a covered claim. The more expense you have to pay, the bigger discount you will receive on Explorer Sport insurance.
  • Younger drivers pay higher rates – Youthful drivers are known to be more careless when behind the wheel so they pay higher car insurance rates. Older insureds are viewed as being more responsible, tend to cause fewer accidents and receive fewer citations.
  • Lower miles equals lower premium – The more you drive in a year the higher your rates will be. Most companies apply a rate based on how the vehicle is used. Autos used primarily for pleasure use get more affordable rates than those used for commuting. An improperly rated Explorer Sport can cost quite a bit. Double check that your car insurance policy properly reflects the correct driver usage.
  • How’s your driving record? – Good drivers get better rates than their less careful counterparts. Even a single ticket can increase rates twenty percent or more. If you have dangerous violations such as DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to prevent a license revocation.

Auto insurance coverage options for a 2002 Ford Explorer Sport

Having a good grasp of auto insurance helps when choosing which coverages you need for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 2002 Ford Explorer Sport.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage protection

Collision coverage pays for damage to your Explorer Sport resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like scraping a guard rail, hitting a parking meter, damaging your car on a curb, colliding with a tree and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as pain medications, funeral costs, prosthetic devices and EMT expenses. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, hail damage and damage from a tornado or hurricane. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability auto insurance

This can cover damages or injuries you inflict on other people or property. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for things such as funeral expenses, loss of income, medical expenses, structural damage and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but buy as high a limit as you can afford.

Pennies from heaven

As you shop your coverage around, do not reduce coverage to reduce premium. There are too many instances where consumers will sacrifice liability limits or collision coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

Cheaper 2002 Ford Explorer Sport insurance can be purchased online and also from your neighborhood agents, and you need to comparison shop both to have the best chance of lowering rates. A few companies may not provide online price quotes and most of the time these smaller companies sell through independent agents.

Insureds who switch companies do it for many reasons like high rates after DUI convictions, policy cancellation, extreme rates for teen drivers or even an unsatisfactory settlement offer. Regardless of your reason for switching companies, finding a new company can be easier than you think.

More tips and info about insurance coverage can be read in the articles below: