How Much Does 2002 Ford Explorer Car Insurance Cost?

If shopping for insurance online is new to you, you may be confused due to the large number of online insurance companies and websites offering coverage.

How to Lower Your Auto Insurance Cost

The are a couple different ways of comparing rates from auto insurance companies in your area. The easiest way by far to find competitive 2002 Ford Explorer insurance rates involves getting comparison quotes online. This is very easy and can be done in several different ways.

The first (and easiest) way to compare a lot of rates at once is to use a rate comparison form click here to open form in new window. This method keeps you from doing repetitive form submissions to each individual auto insurance company. A single form gets you coverage quotes from multiple companies.It’s the quickest way to get rates.

A harder way to compare prices consists of going to each individual company website and fill out their own quote form. For examples sake, we’ll assume you want to compare State Farm, Esurance and Travelers. You would have to take the time to go to each site to input your insurance information, which is why most consumers use the first method.

For a handy list of car insurance company links in your area, click here.

The most time-consuming way to get comparison rates is driving around to local insurance agencies. The internet eliminates the need for an insurance agent unless you have a need for the professional guidance only provided by licensed agents. Drivers can get prices online and still use a local agent and you’ll learn how to do that later.

It’s up to you how you get prices quotes, just ensure you’re using the exact same deductibles and coverage limits for every quote you compare. If you enter unequal deductibles or liability limits you will not be able to determine the best price for your Ford Explorer. Slightly different coverage limits may result in large price differences. And when comparing auto insurance rates, know that comparing more company’s prices will enable you to find the best price.

Companies offer discounts so take them!

Auto insurance companies don’t always list all their discounts very well, so we break down some of the best known and also the lesser-known discounts you could be receiving.

  • Defensive Driver – Taking a driver safety course could cut 5% off your bill and easily recoup the cost of the course.
  • Low Mileage Discounts – Keeping the miles down on your Ford could qualify for better rates on cars that stay parked.
  • Paperwork-free – Certain companies give back up to $50 for buying your policy over the internet.
  • Multi-car Discount – Buying insurance for more than one vehicle on the same car insurance policy could earn a price break for each car.
  • Clubs and Organizations – Participating in a professional or civic organization could qualify you for a break on your policy on Explorer coverage.
  • 55 and Retired – If you’re over the age of 55, you may qualify for a discount up to 10% on Explorer coverage.
  • Passive Restraint Discount – Factory air bags and/or automatic seat belt systems can receive discounts of 20% or more.
  • No Claims – Claim-free drivers pay less when compared to accident-prone drivers.

Drivers should understand that most credits do not apply to the entire policy premium. Most cut individual premiums such as liability, collision or medical payments. So even though they make it sound like you would end up receiving a 100% discount, companies don’t profit that way.

To see a list of companies with the best car insurance discounts, click this link.

Do I just need basic coverages?

When it comes to buying adequate coverage, there is no perfect coverage plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that might point out whether your personal situation would benefit from professional advice.

  • Do I get a pro-rated refund if I cancel my policy early?
  • Is my nanny covered when driving my vehicle?
  • Should I drop comprehensive coverage on older vehicles?
  • Does coverage extend to my business vehicle?
  • Should I waive the damage coverage when renting a car?
  • When can my company non-renew my policy?
  • What is UM/UIM insurance?
  • Should I have combined single limit or split liability limits?
  • Am I covered if I crash into my own garage door?
  • Does insurance cover tools stolen from my truck?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form.

Your Ford Explorer insurance rate is a complex equation

Consumers need to have an understanding of the factors that play a part in calculating insurance coverage rates. Understanding what determines base rates enables informed choices that could result in big savings.

  • Where you live can impact rates – Residing in less populated areas has it’s advantages when buying insurance coverage. Fewer drivers means a lower chance of having an accident. City drivers tend to have congested traffic and much longer commute distances. Longer commute distances means more change of being in an accident.
  • Liability coverage is cheap – Your policy’s liability coverage is the coverage that protects you when a jury decides you are liable for causing damage or personal injury in an accident. Liability insurance provides you with a defense in court starting from day one. Liability insurance is quite affordable as compared to coverage for physical damage, so drivers should carry high limits.
  • Mature drivers pay less – Teen drivers tend to be less responsible in a vehicle so insurance coverage rates are higher. Mature drivers tend to be more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
  • Lower rates with optional equipment – Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping car theft.
  • Don’t buy coverages you don’t need – There are a ton of add-on coverages that you can get tricked into buying if you aren’t careful. Coverages like vanishing deductibles, accidental death and membership fees are some examples. These may sound like a good investment at first, but your needs may have changed so get rid of them and save.

Car insurance coverage specifics

Learning about specific coverages of your car insurance policy helps when choosing appropriate coverage for your vehicles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Comprehensive auto coverage

This coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hitting a deer, fire damage, hail damage and a broken windshield. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Liability coverages

This coverage will cover damage that occurs to other people or property by causing an accident. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability insurance covers things like emergency aid, pain and suffering, structural damage and funeral expenses. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.

Collision coverage

This coverage covers damage to your Explorer resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as backing into a parked car, colliding with another moving vehicle, crashing into a building, crashing into a ditch and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible in order to get cheaper collision rates.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for immediate expenses for doctor visits, dental work, pain medications, surgery and prosthetic devices. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Spend less. Save more.

When trying to cut insurance costs, it’s very important that you do not skimp on coverage in order to save money. There are too many instances where someone sacrificed collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to find the BEST coverage at the best price while still protecting your assets.

We just covered a lot of ways to save on 2002 Ford Explorer insurance. It’s most important to understand that the more companies you get rates for, the better chance you’ll have of finding lower rates. Drivers may discover the most savings is with a small local company.

Affordable insurance is definitely available both online and also from your neighborhood agents, and you need to comparison shop both to get a complete price analysis. Some insurance providers may not provide online quoting and usually these smaller companies provide coverage only through local independent agents.

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