How Much is Austin Auto Insurance for a Ford Explorer?

Finding economical car insurance for a Ford Explorer in Texas is fairly simple, but it relies on many factors such as how long your commute is, your address, and your choice of deductibles. Drivers in Texas pay around $1,065 per year for Explorer insurance, but that figure is a valuation calculated based on a 50-year-old single male driver with full coverage and $500 deductibles.

When projecting a rate like this, the problem is that you may not be 50 years old (or even male), maybe you are married instead of single, and you want different coverage limits than the example. Having different needs demonstrates why the best way to find the cheapest coverage for your Ford is to do a thorough rate comparison. Quotes are free and you will receive rate quotes from the cheapest companies that insure Ford vehicles in Texas.

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The specific trim level will influence price, so the price to insure a Explorer XLT 2WD model will be $100 cheaper than the insurance cost for the higher-end Explorer Limited AWD model, as shown in the chart below.

Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate quotes do not factor in Austin location which can impact price quotes greatly.

Finding out which company has the best insurance rates for a Ford Explorer will require a bit more work than just picking a company at random. Every car insurance company has their own process to set premium rates, so let’s take a look at the insurance companies with the overall best prices in Austin.

It’s important to know that Austin, TX insurance rates are calculated based on many things which can substantially decrease or increase the price of your policy. Improving your credit score, buying a different home, or getting a ticket for running a stop sign can cause premium changes resulting in some rates now being more affordable than competitors.

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Travelers may have some of the best car insurance rates in Austin at around $1,010 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the best Austin, TX car insurance companies.

In the rate table above, if you buy coverage from Texas Farm Bureau and switched to Travelers, you might achieve an annual premium reduction of in the vicinity of $225. Texas drivers with Germania Mutual might save as much as $246 a year, and Esurance customers might reduce prices by as much as $369 a year.

To get a fast rate comparison, click here to start your custom quote or quote prices from the following companies.

Bear in mind that those policy prices are averages across all drivers and vehicles in Texas and do not factor in a specific vehicle garaging location for a Ford Explorer. So the company that is best suited for you may not even be in the top 23 companies in the list above. That point stresses why you need to get car insurance quotes using your own driver information and specific vehicle type.

Price comparison of only insuring for liability

Reducing the cost of insurance is the goal of the majority of vehicle owners, and one of the fastest ways to pay less for insurance for a Ford Explorer is to not pay for full coverage. The information below compares auto insurance rates with full physical damage coverage and with liability coverage only. The prices are based on no claims or violations, $250 deductibles, marital status is single, and no discounts are taken into consideration.

As an average, physical damage insurance costs $2,206 per year more than insuring for liability only. At some point, every insured wonders when is it safe to stop buying full coverage. There is no clear-cut formula of when to stop paying for physical damage insurance, but there is a general convention. If the yearly cost for physical damage coverage is more than 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $11,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $10,000 after paying the physical damage deductible. If premiums are more than $1,000 a year for full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where eliminating full coverage is not financially feasible. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage.

The importance of shopping around for Explorer insurance

Austin insurance rates are impacted by many factors which can significantly increase or decrease the price of your policy. Turning one year older, moving across town, or having an accident may prompt premium changes that can make some companies cheaper than competitors.

Additionally, companies amend premium rates multiple times each year to adjust for heavy claims or excess profits. Heavier than normal losses may result in more expensive prices, while less frequent claims may result in lower-cost Explorer insurance rates.

For instance, the chart below shows which companies have the cheapest car insurance in Austin, TX for a 30-year-old male driver with no violations or accidents, and a good credit rating. If we look at prices based on his current rating profile, Travelers may have the best car insurance rates in Austin at $1,138 a year. This is $766 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remainder of the cheapest Austin, TX auto insurance companies.

The next chart shows rates after we give the driver from above a couple of claims, bad credit, and a few traffic violations. Since each auto insurance company has a unique approach for determining rates, getting updated rate quotes may result in a significantly different list of the cheapest companies as shown below.

Mercury now has the best car insurance rate in Austin, TX with State Farm, Nationwide, Safe Auto, and USAA also having competitive pricing. This example proves why consumers need to take the time to do a thorough rate comparison when trying to find the most budget-friendly auto insurance rates for a Ford Explorer.

Prices are made up of many things and can decrease or increase without notice, so the cheapest option the last time you compared rates may now be one of the higher cost companies.

The agencies below can help you determine which coverage meets your needs best, since some drivers have questions and prefer to have a professional recommendation when trying to find lower insurance rates for a Ford Explorer. It can be hard to find the cheapest rate yourself, and agents can give comfort knowing your coverage gives you enough coverage when you need it. To locate an Austin auto insurance agent by location nearest to you, click the button following the list or click here to compare price quotes now.

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