Finding the best cheap auto insurance for a Ford Explorer in Ohio is pretty easy to do, but it is dependent upon an enormous amount of factors such as how you use your Explorer, if you have a tendency to file claims, and driving violations and tickets. Drivers in Ohio pay on average $718 annually to insure their Explorer, but that figure is based on a 30-year-old single male driver with both comprehensive and collision coverage and $500 deductibles.
Odds are that you're not a 30-year-old male, married instead of single, or maybe you are just looking for cheap liability insurance. Not every driver requires the same auto insurance coverages, so the best way to find the cheapest coverage for your Ford is to compare as many rates as possible. It takes less than five minutes and you can get rates from the best auto insurance companies that insure vehicles in Ohio.
The trim level of your Ford will be a contributing factor to the annual cost of coverage, so the rate you pay to insure a Explorer XLT 2WD trim level will cost $64 less than the price to insure the higher-priced Explorer Limited AWD trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$162||$196||$298||$18||$88||$762||$64|
|Explorer Eddie Bauer 2WD||$162||$196||$298||$18||$88||$762||$64|
|Explorer XLT 4WD||$162||$196||$298||$18||$88||$762||$64|
|Explorer XLT AWD||$162||$196||$298||$18||$88||$762||$64|
|Explorer Eddie Bauer 4WD||$184||$238||$298||$18||$88||$826||$69|
|Explorer Eddie Bauer AWD||$184||$238||$298||$18||$88||$826||$69|
|Explorer Limited 2WD||$184||$238||$298||$18||$88||$826||$69|
|Explorer Limited 4WD||$184||$238||$298||$18||$88||$826||$69|
|Explorer Limited AWD||$184||$238||$298||$18||$88||$826||$69|
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Prices do not factor in specific zip code location which can influence coverage rates noticeably.
Toledo insurance company ratings
Buying coverage from the top insurance company can be difficult considering how many different companies there are to choose from in Toledo. The company ratings displayed below may help you analyze which insurers to look at when insurance shopping for a Ford Explorer.
These rankings are only made up of the largest auto insurers in America, so companies that have a smaller presence are not taken into consideration for this list. If you wish to compare rates from the most competitive companies in Ohio, click this link.
Top 10 Major Car Insurance Companies Overall in Toledo
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
The illustration below demonstrates how choosing different deductibles can impact insurance premiums when trying to find cheap insurance for a Ford Explorer. The data assumes a married female driver, full physical damage coverage, and no discounts are taken into consideration.
As shown above, a 50-year-old driver could lower rates by $190 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $290 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old, could possibly save up to $478 or more by using higher deductibles when buying full coverage.
When raising deductibles, it is important to have plenty of discretionary funds to satisfy the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Get discounts on Toledo car insurance
Auto insurance companies that provide policies for a Ford Explorer may also give you price discounts that could lower prices by as much as 30% if you meet eligibility requirements. Popular insurance companies and a selection of discounts are:
- American Family discounts include Steer into Savings, defensive driver, good driver, air bags, bundled insurance, mySafetyValet, and accident-free.
- State Farm includes discounts for driver's education, passive restraint, good driver, good student, and anti-theft.
- 21st Century has discounts for theft prevention, early bird, homeowners, automatic seat belts, good student, 55 and older, and anti-lock brakes.
- Travelers offers premium reductions for payment discounts, multi-car, multi-policy, new car, home ownership, hybrid/electric vehicle, and IntelliDrive.
- GEICO may have discounts that include driver training, multi-policy, membership and employees, good student, military active duty, and anti-theft.
The information below illustrates the comparison of annual premium costs with and without discounts applied to the policy premium. The premiums assume a female driver, a clean driving record, no claims, Ohio state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, passive restraint, multiple policy, accident-free, and homeowner discounts applied. When discounts are factored in, the average savings per year on insurance for a Ford Explorer is 27% or $340.
Careless drivers pay higher rates
In a perfect world, the ideal way to get the cheapest insurance premiums for an Explorer is to be a safe driver and not get tickets or have accidents. The chart below demonstrates how citations and accident claims drive up premium costs for different age groups. The premiums assume a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.
The data in the chart shows the average cost of car insurance in Toledo per year with a clean driving record and no accidents is $982. Get one speeding ticket and the average cost hikes up to $1,129, an increase of $147 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of insurance for a Ford Explorer increases to an average of $2,496. That's an increase of $1,514, or $126 per month, just for not paying attention while driving!