How Much Does 1995 Ford Explorer Insurance Cost?

When shopping for lower-cost insurance, do you get overwhelmed by the crazy number of insurance coverage choices in your area? There are so many choices available that it can easily become a difficult mission to lower your rates.

It’s a great practice to compare rates as often as possible because insurance coverage prices are usually higher with each renewal. Even if you got the lowest price for Explorer coverage a couple years back the chances are good that you can find a lower rate today. Ignore everything you know about insurance coverage because you’re about to learn the fastest and easiest way to get good coverage at a lower rate.

The Ford Explorer insurance cost equation

Lots of factors are considered when you get a price on insurance. Some of the criteria are obvious such as your driving history, but some are not quite as obvious like where you live or your financial responsibility.When buying insurance coverage it’s important to understand some of the factors that help determine your policy premiums. If you understand what determines premiums, this empowers consumers to make smart changes that may reward you with cheaper rates.

The list below includes most of the major factors that factor into your rates.

  • Do thieves like your car? – Driving a car with an alarm system can help lower your premiums. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms all hinder car theft.
  • Bad credit will cost you – Having a bad credit history can be an important factor in determining your rates. So if your credit rating can use some improvement, you could pay less to insure your 1995 Ford Explorer if you improve your credit rating. People with high credit ratings tend to be more responsible as compared to drivers with lower ratings.
  • Premiums may be lower depending on your vocation – Occupations such as lawyers, architects and financial analysts tend to pay higher premiums than the average policyholder because of high stress and long work days. On the flip side, jobs like professors, engineers and homemakers generally pay rates lower than average for Explorer coverage.
  • Higher insurance coverage rates for coverage lapses – Having a gap between insurance policy dates is a guaranteed way to drive up your policy premiums. And not only will your rates increase, being ticketed for driving with no insurance can result in fines and jail time. Then you may be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • Urban areas may pay more – Choosing to live in less populated areas is a good thing when shopping for auto insurance. Fewer drivers means reduced accidents and lower theft and vandalism rates. Urban drivers have to deal with more auto accidents and much longer commute distances. More time behind the wheel means more chance of being in an accident.
  • Your liability protection limits – Liability insurance is the protection in the event that a court rules you are at fault for physical damage or personal injury to other. Liability provides for a legal defense which can be incredibly expensive. This coverage is very inexpensive compared to physical damage coverage, so buy as much as you can afford.

Discounts can really help save money

Car insurance is easily one of your largest bills, but you might find some hidden discounts to help bring down the price. Some discounts apply automatically when you purchase, but some may not be applied and must be specifically requested before being credited.

  • Own a Home and Save – Simply owning a home can help you save on car insurance since home ownership means you have a higher level of financial diligence.
  • New Car Discount – Buying a new car instead of a used car can save up to 30% since newer models have better safety ratings.
  • Early Switch Discount – Some insurance companies give discounts for renewing your policy before your current policy expires. You may see this discount when you get auto insurance quotes online.
  • Driver Safety – Passing a course in driver safety can save you 5% or more and also improve your driving technique.
  • Distant Student Discount – Any of your kids who are enrolled in a college that is more than 100 miles from home and do not have a car may qualify for this discount.
  • Discounts for Responsible Drivers – Insureds who avoid accidents can pay as much as 50% less for Explorer coverage than drivers with accidents.
  • Theft Deterent Discount – Anti-theft and alarm system equipped vehicles are stolen less frequently so companies will give you a small discount.

Just know that most credits do not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Even though the math looks like adding up those discounts means a free policy, companies don’t profit that way.

For a list of insurers offering car insurance discounts, follow this link.

Will just any policy work for me?

When buying the right insurance coverage, there really is not a best way to insure your cars. Every insured’s situation is different.

For instance, these questions can aid in determining whether you might need an agent’s assistance.

  • Do I need replacement cost coverage?
  • Does my insurance cover a custom paint job?
  • Why does it cost so much to insure a teen driver?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Am I covered by my spouse’s policy after a separation?
  • I have good health insurance, so how much medical payments coverage do I need?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form.

Auto insurance coverage considerations

Having a good grasp of a auto insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like ambulance fees, funeral costs, pain medications, nursing services and chiropractic care. They are often used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like sideswiping another vehicle, hitting a parking meter, crashing into a ditch and rolling your car. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Liability insurance

Liability insurance can cover damage that occurs to a person or their property in an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as structural damage, repair costs for stationary objects and funeral expenses. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive coverages

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from flooding, damage from a tornado or hurricane, hail damage, rock chips in glass and a broken windshield. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Ford Explorer.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally these coverages are similar to your liability insurance amounts.

Don’t throw your cash in the trash

When buying insurance coverage, don’t be tempted to buy lower coverage limits just to save a few bucks. There are a lot of situations where an accident victim reduced full coverage only to discover later that the savings was not a smart move. The ultimate goal is to get the best coverage possible for the lowest price, but don’t skip important coverages to save money.

We just presented a lot of techniques to save on 1995 Ford Explorer insurance. The most important thing to understand is the more providers you compare, the higher your chance of finding the cheapest auto insurance. Consumers could even find that the best premium rates are with some of the lesser-known companies.

Some insurance companies may not have rate quotes online small insurance companies provide coverage only through local independent agencies. Lower-priced auto insurance can be found from both online companies as well as from independent agents, and you should compare price quotes from both in order to have the best price selection to choose from.

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