Cheap Ford Explorer Insurance in Riverside

Discount Ford Explorer insuranceThe easiest way to save money on Ford Explorer insurance is to do a yearly price comparison from different companies in Riverside.

First, read and learn about how insurance works and the things you can change to prevent expensive coverage. Many rating factors that cause high rates such as traffic tickets, fender benders, and a negative credit history can be remedied by making lifestyle changes or driving safer. Keep reading for more information to find cheap rates and get additional discounts that may be available.

Second, compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive and State Farm, while agents who are independent can provide prices for a wide range of companies. Start a quote

Third, compare the quotes to the premium of your current policy to see if a cheaper price is available in Riverside. If you can save some money and make a switch, make sure coverage does not lapse between policies.

Fourth, give notification to your current company to cancel your current auto insurance policy and submit a signed application and payment to the newly selected company. As soon as you receive it, keep the new proof of insurance certificate somewhere easily accessible.

The critical component of shopping around is to make sure you enter the same physical damage deductibles and liability limits on each quote and and to get rate quotes from as many companies as possible. Doing this enables the most accurate price comparison and the best rate selection.

It’s an obvious statement that car insurance companies want to prevent you from shopping around. Consumers who shop rates annually will most likely switch to a new company because there is a high probability of finding a lower-priced company. Remarkably, a study showed that drivers who made a habit of comparing rates saved as much as $72 a month compared to drivers who never compared other company’s rates.

If finding the best price on car insurance in Riverside is why you’re reading this, then knowing the best ways to find and compare coverage rates can help make the process easier.

Locating the most cost-effective insurance policy in Riverside can initially seem challenging. If you are insured now or are shopping for new coverage, you can use these techniques to shop for the lowest rates and still have adequate protection. Comparison shoppers just need to use the fastest way to compare rate quotes online.

Most of the larger companies like 21st Century, Allstate and State Farm make it easy to get coverage price quotes from their websites. Comparing prices online for Ford Explorer insurance in Riverside is quite simple as you just enter the coverages you want into the form. When complete, their system will order credit information and your driving record and returns a price quote. Being able to quote online for Ford Explorer insurance in Riverside helps simplify price comparisons, and it is important to compare as many rates as possible if you are searching for the cheapest auto insurance rates.

To quickly fill out one form to compare multiple rates now, compare rates now from the companies shown below. If you have your current policy handy, we recommend you enter the coverage information as shown on your current policy. This ensures you will receive comparison quotes using the same coverage and limits.

The following companies have been selected to offer free rate quotes in Riverside, CA. If multiple providers are shown, we recommend you visit as many as you can in order to find the most competitive rates.

Ford Explorer insurance rates and statistics

The rate table shown below covers detailed analysis of policy rates for Ford Explorer models. Learning how insurance prices are determined can be valuable when making informed coverage decisions.

Ford Explorer Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $434 $564 $578 $34 $174 $1,784 $149
Explorer Eddie Bauer 2WD $434 $564 $578 $34 $174 $1,784 $149
Explorer XLT 4WD $434 $564 $578 $34 $174 $1,784 $149
Explorer XLT AWD $434 $564 $578 $34 $174 $1,784 $149
Explorer Eddie Bauer 4WD $490 $686 $578 $34 $174 $1,962 $164
Explorer Eddie Bauer AWD $490 $686 $578 $34 $174 $1,962 $164
Explorer Limited 2WD $490 $686 $578 $34 $174 $1,962 $164
Explorer Limited 4WD $490 $686 $578 $34 $174 $1,962 $164
Explorer Limited AWD $490 $686 $578 $34 $174 $1,962 $164
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Estimates do not factor in vehicle location which can increase or decrease insurance rates noticeably.

Physical damage deductible comparison

When shopping for insurance, a common question is at what level do you set your deductibles. The figures shown below can help you visualize the cost difference when you buy lower versus higher policy deductibles. The first pricing table uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.

Ford Explorer insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $380 $564 $442 $26 $132 $1,569 $131
Explorer Eddie Bauer 2WD $380 $564 $442 $26 $132 $1,569 $131
Explorer XLT 4WD $380 $564 $442 $26 $132 $1,569 $131
Explorer XLT AWD $380 $564 $442 $26 $132 $1,569 $131
Explorer Eddie Bauer 4WD $430 $686 $442 $26 $132 $1,741 $145
Explorer Eddie Bauer AWD $430 $686 $442 $26 $132 $1,741 $145
Explorer Limited 2WD $430 $686 $442 $26 $132 $1,741 $145
Explorer Limited 4WD $430 $686 $442 $26 $132 $1,741 $145
Explorer Limited AWD $430 $686 $442 $26 $132 $1,741 $145
Get Your Own Custom Quote Go

Ford Explorer insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $278 $382 $442 $26 $132 $1,260 $105
Explorer Eddie Bauer 2WD $278 $382 $442 $26 $132 $1,260 $105
Explorer XLT 4WD $278 $382 $442 $26 $132 $1,260 $105
Explorer XLT AWD $278 $382 $442 $26 $132 $1,260 $105
Explorer Eddie Bauer 4WD $314 $464 $442 $26 $132 $1,378 $115
Explorer Eddie Bauer AWD $314 $464 $442 $26 $132 $1,378 $115
Explorer Limited 2WD $314 $464 $442 $26 $132 $1,378 $115
Explorer Limited 4WD $314 $464 $442 $26 $132 $1,378 $115
Explorer Limited AWD $314 $464 $442 $26 $132 $1,378 $115
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can change auto insurance rates noticeably.

Based on the above data, using a $100 deductible costs an average of $28 more each month or $336 for a full year than selecting the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you have at least 14 months between claim filings, you would come out ahead if you choose the higher deductible.

How to calculate deductible break even point

Average monthly premium for $100 deductibles: $139
Average monthly premium for $500 deductibles (subtract): – $111
Monthly savings from raising deductible: $28
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

One important caveat is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you have a comprehensive or collision claim. You will want to have some available funds in order to pay more for the deductible.

The example below illustrates how your choice of deductibles and can raise or lower Ford Explorer annual premium costs for each age group. The data is based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

Impact of speeding/accidents on Riverside insurance rates

The example below illustrates how traffic citations and accidents raise Ford Explorer auto insurance costs for different age groups. The premiums are based on a single female driver, full coverage, $100 deductibles, and no additional discounts are factored in.

Insurance premiums based on gender

The chart below shows the difference between Ford Explorer auto insurance costs for male and female drivers. The information is based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, drivers are single, and no discounts are factored in.

Should you buy full coverage?

The illustration below illustrates the comparison of Ford Explorer premium costs when comparing full coverage to liability only. The premiums are based on no tickets, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are taken into consideration.

Guidelines for eliminating full coverage

There is no definitive rule of when to exclude comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s assume your Ford Explorer replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $4,000 after paying your policy deductible. If premiums are more than $400 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are some cases where dropping full coverage is not advised. If you haven’t paid off your loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.

Insurance does more than just protect your car

Even though it’s not necessarily cheap to insure a Ford in Riverside, maintaining insurance is a good idea for several reasons.

The benefits of having insurance are without a doubt worth the cost, particularly when you have a large claim. In a recent study of 1,000 drivers, the average customer overpays more than $825 a year so you should quote and compare rates once a year at a minimum to make sure the price is not too high.

Six Things That Influence Your Insurance Premiums

Lots of factors are used in the calculation when you get your auto insurance bill. Some are pretty understandable like a motor vehicle report, but other criteria are more obscure like your vehicle usage and annual miles driven. It’s important that you understand some of the factors that play a part in calculating auto insurance rates. If you understand what influences your rates, this enables informed choices that can help you get lower premium levels.

Shown below are some of the items used by insurance companies to determine your rates.

Claim-free discounts can add up – If you file claims often, you can look forward to either higher rates or even cancellation. Companies in California provide the lowest premiums to insureds who are claim-free. Your car insurance is designed for major claims that would cause financial hardship.

Having a spouse is a good thing – Your spouse may save some money on your auto insurance bill. Marriage translates into being less irresponsible and it’s proven that married drivers tend to have fewer serious accidents.

Employer stress can make you pay more – Did you know your occupation can influence how much you pay for auto insurance? Jobs such as fire fighters, air traffic controllers, and medical professionals tend to have higher rates than the rest of us in part from high stress levels and long work hours. Other jobs such as farmers, students and performers generally pay rates lower than average.

Driver age impacts costs – More experienced drivers are shown to be more cautious, file fewer claims, and are safer drivers. Inexperience drivers are proven to be less responsible in a vehicle therefore auto insurance rates are much higher.

The following chart is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

Pay less with a high IIHS safety rating – Vehicles with good safety scores can get you lower premiums. Safe vehicles reduce occupant injuries and better occupant protection means less claims paid which can mean better rates for you. If your Ford is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.

High physical damage deductibles lower costs – Comp and collision deductibles represent how much money you are willing to pay if a claim is determined to be covered. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some examples of claims that would be covered are rear-ending another vehicle, damage caused by hail, and damage caused by road hazards. The higher the amount the insured has to pay upfront, the less money you will pay for auto insurance.

Claims statistics for a Ford Explorer – Insurers use data from past claims to determine a price that will be profitable for them. Vehicles that have a trend towards higher claims will have increased rates.

The table shown below demonstrates the historical loss data for Ford Explorer vehicles. For each policy coverage, the claim amount for all vehicles averaged together is considered to be 100. Numbers that are below 100 indicate better than average losses, while numbers shown that are more than 100 point to more claims or statistically larger losses.

Insurance Loss Ratings for Ford Explorer Vehicles
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Ford Explorer 4dr 2WD 80 90 79 75 70 82
Ford Explorer 4dr 4WD 94 94 97 75 70 85

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Everyone needs different insurance coverages

When selecting coverage, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s.Safe vehicles cost less to insure

Here are some questions about coverages that may help you determine if you would benefit from an agent’s advice.

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and you can get the answers you need.

Affordable coverage is out there

As you restructure your insurance plan, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many cases where an accident victim reduced comprehensive coverage or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to get the best coverage possible at the best price while still protecting your assets.

People change insurance companies for many reasons like policy non-renewal, high rates after DUI convictions, policy cancellation and denial of a claim. Regardless of your reason for switching companies, finding a great new company can be easy and end up saving you some money.

We just covered a lot of techniques to reduce Ford Explorer insurance premium rates online in Riverside. It’s most important to understand that the more you quote Riverside car insurance, the higher your chance of finding cheaper Riverside car insurance quotes. You may even find the best price on insurance is with a small local company.

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