Auto Insurance Rate Quotes for a Ford Explorer in Toledo

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We don't have to tell you that auto insurance companies don't want their policyholders to compare prices. People who compare rates at least once a year will presumably move their business because there is a great chance of finding a lower-priced policy. Remarkably, a study showed that drivers who routinely compared quotes saved about $72 a month compared to people who never shopped for cheaper rates.

If finding budget-friendly Ford Explorer insurance in Toledo is your objective, then having a good understanding the best ways to shop for cheaper coverage can save time, money, and frustration.

Insurance rates Ford Explorer in ToledoTruthfully, the best way to find better pricing on auto insurance rates in Toledo is to compare prices regularly from providers who sell insurance in Ohio. You can compare prices by following these guidelines.

  1. It will benefit you to learn about how auto insurance works and the things you can change to prevent high rates. Many things that are responsible for high rates such as your driving record and bad credit can be improved by making minor changes in your lifestyle. This article provides tips to help reduce premium rates and get additional discounts that may be available.
  2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or Allstate, while agents who are independent can provide price quotes from multiple insurance companies. Select a company
  3. Compare the new quotes to your existing policy to see if cheaper Explorer coverage is available in Toledo. If you can save money and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.

One piece of advice is to compare identical coverage information on every price quote and and to compare as many car insurance companies as possible. Doing this enables an accurate price comparison and the best price quote selection.

When quoting insurance, remember that having more price comparisons increases your odds of finding more affordable rates.

The following companies are our best choices to provide free rate quotes in Ohio. In order to find the cheapest car insurance in Ohio, it's highly recommended you visit as many as you can to find the most affordable car insurance rates.

Rates and data analysis

The coverage information below highlights different insurance policy prices for Ford Explorer models. Having a better understanding of how auto insurance policy rates are established is important for making smart buying decisions.

Ford Explorer Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $122 $192 $256 $16 $76 $662 $55
Explorer Eddie Bauer 2WD $122 $192 $256 $16 $76 $662 $55
Explorer XLT 4WD $122 $192 $256 $16 $76 $662 $55
Explorer XLT AWD $122 $192 $256 $16 $76 $662 $55
Explorer Eddie Bauer 4WD $138 $234 $256 $16 $76 $720 $60
Explorer Eddie Bauer AWD $138 $234 $256 $16 $76 $720 $60
Explorer Limited 2WD $138 $234 $256 $16 $76 $720 $60
Explorer Limited 4WD $138 $234 $256 $16 $76 $720 $60
Explorer Limited AWD $138 $234 $256 $16 $76 $720 $60
Get Your Own Custom Quote Go

Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Table data does not factor in specific zip code location which can revise rates considerably.

An analysis of deductible level

The hardest decision when buying coverage is how high should the physical damage deductibles be. The rates shown below may help to conceptualize the price difference when you select higher and lower physical damage deductibles. The first rate comparisons uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

Ford Explorer insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $196 $290 $226 $14 $68 $819 $68
Explorer Eddie Bauer 2WD $196 $290 $226 $14 $68 $819 $68
Explorer XLT 4WD $196 $290 $226 $14 $68 $819 $68
Explorer XLT AWD $196 $290 $226 $14 $68 $819 $68
Explorer Eddie Bauer 4WD $220 $352 $226 $14 $68 $905 $75
Explorer Eddie Bauer AWD $220 $352 $226 $14 $68 $905 $75
Explorer Limited 2WD $220 $352 $226 $14 $68 $905 $75
Explorer Limited 4WD $220 $352 $226 $14 $68 $905 $75
Explorer Limited AWD $220 $352 $226 $14 $68 $905 $75
Get Your Own Custom Quote Go
Ford Explorer insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $142 $196 $226 $14 $68 $646 $54
Explorer Eddie Bauer 2WD $142 $196 $226 $14 $68 $646 $54
Explorer XLT 4WD $142 $196 $226 $14 $68 $646 $54
Explorer XLT AWD $142 $196 $226 $14 $68 $646 $54
Explorer Eddie Bauer 4WD $160 $238 $226 $14 $68 $706 $59
Explorer Eddie Bauer AWD $160 $238 $226 $14 $68 $706 $59
Explorer Limited 2WD $160 $238 $226 $14 $68 $706 $59
Explorer Limited 4WD $160 $238 $226 $14 $68 $706 $59
Explorer Limited AWD $160 $238 $226 $14 $68 $706 $59
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Table data does not factor in garaging location in Toledo which can lower or raise premium rates greatly.

Based on these figures, using a $100 deductible costs roughly $15 more each month or $180 annually than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at least 27 months between claim filings, you would probably save some money by selecting a higher deductible.

The information below illustrates how choosing a deductible and can increase or decrease Ford Explorer insurance prices for each age group. The rates are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.

Comparison of car insurance rates by age and gender

The diagram below shows the difference between Ford Explorer insurance rates for male and female drivers. The premiums are based on no violations or claims, comprehensive and collision coverage, $100 deductibles, single marital status, and no discounts are applied to the premium.

Full coverage versus liability-only in Toledo

The example below shows the comparison of Ford Explorer insurance costs when comparing full coverage to liability only. The rate quotes are based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are factored in.

When to drop comprehensive and collision

There is no clear-cut formula to stop buying physical damage insurance, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Ford Explorer claim settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after paying your deductible. If premium cost is more than $200 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some cases where eliminating full coverage is not a good plan. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not remove full coverage.

What Affects Ford Explorer Insurance Rates?

Multiple criteria are part of the equation when premium rates are determined. Some are obvious like your driving record, although others are not quite as obvious like your continuous coverage and annual miles driven.

Shown below are a few of the things that factor into your prices.

  • Where you reside is a factor - Being located in less populated areas of the country is a positive aspect when insuring your vehicles. Fewer drivers translates into fewer accident claims and a lower car theft rate. People who live in big cities have to deal with traffic congestion and much longer commute distances. More time on the road can result in more accidents.
  • Never let your auto insurance policy lapse - Allowing your coverage to lapse can be a guaranteed way to trigger a rate increase. Not only will you pay higher rates, getting caught without coverage can result in a hefty fine and possibly a revoked license. You may have to file a SR-22 with the Ohio motor vehicle department.
  • Teenagers are high risk - Young drivers in Ohio are proven to be less responsible behind the wheel therefore auto insurance rates are much higher. More experienced drivers are more cautious drivers, cause fewer claims and accidents, and get fewer tickets.

    The chart below is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

  • Cheaper rates using alarms and GPS tracking - Purchasing a vehicle that has a built-in theft deterrent system can get you a discount on your auto insurance. Systems that thwart thieves like GM's OnStar, tamper alarm systems and vehicle immobilizers can help prevent your vehicle from being stolen.
  • Insurance loss data for Ford Explorer vehicles - Companies use statistical claims data when setting premium rates. Vehicles that tend to have higher prevalence or dollar amount of losses will be charged more to insure. The table below outlines the historical loss data for Ford Explorer vehicles.

    For each coverage type, the claim amount for all vehicles averaged together is represented as 100. Percentage values below 100 suggest losses that are better than average, while numbers above 100 point to more frequent losses or an increased chance of larger losses than average.

    Car Insurance Loss Data for Ford Explorer Models
    Vehicle 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
    BETTER
    AVERAGE
    WORSE

    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Car insurance does more than just repair your car

Despite the high insurance cost for a Ford Explorer in Toledo, insurance is most likely required but also gives you several important benefits.

  • Almost all states have mandatory insurance requirements which means the state requires specific minimum amounts of liability insurance if you want to drive legally. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you bought your vehicle with a loan, it's guaranteed your bank will force you to buy full coverage to guarantee payment of the loan. If you default on your policy, the lender may insure your Ford at a significantly higher premium and force you to pay much more than you were paying before.
  • Car insurance protects not only your Ford but also your assets. It will also pay for hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage will also pay for a defense attorney if you cause an accident and are sued. If mother nature or an accident damages your car, your policy will pay to repair the damage minus the deductible amount.

The benefits of having insurance are definitely more than the cost, especially if you ever need it. As of last year, the average driver in Ohio is overpaying over $825 a year so it's important to compare rates once a year at a minimum to help ensure money is not being wasted.

Ratings for Ohio car insurance companies

Finding the right company can be difficult considering how many choices you have in Ohio. The information shown next may help you select which coverage providers to look at when comparing rate quotes.

Top 10 Toledo Car Insurance Companies Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. State Farm
  6. Liberty Mutual
  7. Safeco Insurance
  8. Allstate
  9. 21st Century
  10. Travelers

Top 10 Toledo Car Insurance Companies Ranked by Customer Service

  1. Nationwide
  2. State Farm
  3. Safeco Insurance
  4. American Family
  5. Titan Insurance
  6. Travelers
  7. Liberty Mutual
  8. GEICO
  9. Erie Insurance
  10. Allstate