Buying affordable coverage for a Ford Explorer is pretty easy for most people, but it is dependent upon many rating factors such as driver age, if you have recent claims, and your motor vehicle report. Illinois drivers pay approximately $802 a year for Explorer insurance, but that price is a projection using a 40-year-old single male driver with both comprehensive and collision coverage and $500 deductibles.
This brings up the issue that more than likely you are not 40 years old and maybe not even male, possibly married instead of single, or maybe you have a teenager that needs to be on your policy. Having even a minor difference in policy rating criteria or coverages can result in a big discrepancy in the cost of insurance.
Auto insurance requires individual risk assessment, so the only way to find the cheapest insurance price for your Ford is to just compare rates yourself. Quotes are free and easy and you will be able to compare rates from the cheapest companies that sell coverage in Illinois.
The trim level of your Ford will have an impact the yearly cost, so the price you pay to insure a Explorer XLT 2WD trim level will be $78 cheaper than the cost to insure the high end Explorer Limited AWD model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$160||$260||$316||$18||$94||$848||$71|
|Explorer Eddie Bauer 2WD||$160||$260||$316||$18||$94||$848||$71|
|Explorer XLT 4WD||$160||$260||$316||$18||$94||$848||$71|
|Explorer XLT AWD||$160||$260||$316||$18||$94||$848||$71|
|Explorer Eddie Bauer 4WD||$182||$316||$316||$18||$94||$926||$77|
|Explorer Eddie Bauer AWD||$182||$316||$316||$18||$94||$926||$77|
|Explorer Limited 2WD||$182||$316||$316||$18||$94||$926||$77|
|Explorer Limited 4WD||$182||$316||$316||$18||$94||$926||$77|
|Explorer Limited AWD||$182||$316||$316||$18||$94||$926||$77|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rate information does not factor in specific garaging location which can impact premium rates significantly.
Deciphering which companies quote the cheapest car insurance rates for a Ford Explorer involves more time in order to find the best price.
Each insurer uses a different method to establish rates, so let’s look at the rankings for the car insurance companies with the overall cheapest rates in Chicago.
Cheapest Insurance Rates for Your Explorer
|Rank||Company||Cost Per Year|
|Quote Your Rates Go|
The Hartford may offer some of the most affordable car insurance rates in Chicago at around $776 annually. Rockford Mutual, Titan, Erie, and Cincinnati Insurance would also make the list of some of the lowest-priced Chicago, IL insurance companies.
As shown in the rates above, if you have coverage with Titan and switched to The Hartford, you may realize an annual savings of around $84. Insureds with Erie may save as much as $111 a year, and Cincinnati Insurance customers might reduce rates by $148 a year.
It’s important to note that these policy rates are averaged across all drivers and vehicles in Illinois and and are not calculated with an exact zip code location for a Ford Explorer. So the car insurance company that has the cheapest rates for you may not even be in the top 36 companies shown above. That affirms the importance of why you need to get car insurance quotes using your own driver information and specific vehicle type.
Should you buy full coverage?
Saving money when shopping for car insurance should be important to the majority of people, and one easy way to buy cheap insurance for a Ford Explorer is to not pay for full coverage. The illustration below visualizes the comparison of premium costs with full coverage compared to only the Illinois minimum liability coverage. The prices are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no other discounts are factored in.
Averaged for all age groups, physical damage coverage on your policy costs an extra $1,816 per year more than buying just liability insurance. Many drivers will wonder if full coverage is worth the money. There is no definitive guideline of when to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
There are a few situations where dropping full coverage is not a good plan. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.
Discount Chicago auto insurance
Insurance providers that offer coverage for a Ford Explorer could also offer premium discounts that could reduce prices by as much as 30% if you are eligible. Larger car insurance companies and some of their more popular discounts are outlined below.
- GEICO may include discounts for air bags, membership and employees, five-year accident-free, anti-lock brakes, anti-theft, and defensive driver.
- MetLife includes discounts for good driver, claim-free, defensive driver, good student, accident-free, multi-policy
- State Farm may offer discounts for driver’s education, safe vehicle, accident-free, good student, anti-theft, and good driver.
- Progressive discounts include multi-policy, online quote discount, continuous coverage, multi-vehicle, and good student.
- Mercury Insurance may have discounts that include annual mileage, multi-car, location of vehicle, good driver, accident-free, and anti-theft.
- 21st Century has savings for student driver, automatic seat belts, teen driver, early bird, 55 and older, and good student.
- Allstate has discounts for anti-theft, new car, EZ pay plan discount, premier plus, economy car, utility vehicle, and early signing.
The illustration below shows the comparison of premium costs with and without discounts applied to the rates. The rates are based on a male driver, no tickets, no at-fault accidents, Illinois state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with accident-free, claim-free, defensive driving course, homeowner, safe-driver, and multiple policy discounts applied. When discounts are factored in, theaverage amount saved on car insurance for a Ford Explorer is 27% or $416.
If you would rather get some professional advice when buying car insurance for an Explorer, the agencies below can probably help you determine which auto insurance policy fits you best. To find a Chicago insurance agency close to you, click the button following the list.
American Auto Insurance
3201 N Harlem Ave #1 – Chicago, IL 60634 – (773) 286-3500
Liane Williams – State Farm Insurance Agent
3143 W 71st St – Chicago, IL 60629 – (773) 436-7500
Northwest Insurance Network Inc
4450 N Western Ave – Chicago, IL 60625 – (773) 433-3300
Allstate Insurance: Maribel Marron
3060 W Armitage Ave – Chicago, IL 60647 – (773) 572-9495
How to find more affordable auto insurance for a Ford Explorer
The list below summarizes some of the recommended money-saving solutions that can help Chicago drivers find lower-cost coverage.
- Good credit can help you save money
- Just one traffic violation will increase your rates
- Avoid price increases by not filing claims
- Vehicles with good safety ratings have lower liability rates
- Do not get into accidents that are your fault
- Compare rates often to find the best deal
That last idea is remarkably necessary, as was emphasized in the prior information. Car insurance rates can be adjusted at any time, so drivers shouldn’t be reluctant to buy a different policy if a cheaper price is available. Loyalty to a specific company is fine, but it isn’t a good idea if that dedication is costing a small fortune year after year. Take a few minutes and shop around and find cheaper auto insurance for a Ford Explorer in Chicago.