Did you come to the realization that you have an expensive insurance policy? You’re preaching to the choir because there are many consumers feeling the pinch from expensive insurance. Online insurance companies like State Farm, GEICO and Farmers Insurance constantly bombard you with catchy ads and it can be hard to see past the geckos and flying pigs and take the time to shop coverage around.
It is always a good idea to quote other rates before your policy renews because insurance prices are variable and change quite frequently. Even if you got the best rates for Explorer insurance two years ago you can probably find a lower rate today. There is a lot of wrong information about insurance online, but we’re going to give you the easiest ways to stop overpaying for insurance.
Some insurers do not list every available discount very clearly, so the list below gives a summary of both the well known as well as some of the hidden discounts you could be receiving when you buy insurance online. If you do not double check each discount you qualify for, you are just wasting money.
Discounts reduce rates, but you should keep in mind that most credits do not apply to your bottom line cost. Most only cut specific coverage prices like liability, collision or medical payments. So even though it sounds like all the discounts add up to a free policy, that’s just not realistic. But any discount will definitely reduce the premium cost.
Insurance companies that have these benefits may include but are not limited to:
Check with all the companies which credits you are entitled to. Some of the discounts discussed earlier may not be offered in your area. To see a list of companies that offer some of these discounts, follow this link.
There are a variety of methods to shop for insurance coverage, and some are more efficient than others. You could waste a few hours talking to insurance agencies in your area, or you can stay home and use the web to get pricing more quickly.
Many insurance companies enroll in a system that allows shoppers to send in one quote, and every company returns a rated price based on the submitted data. This eliminates the need for repetitive form submissions to each individual insurance coverage company. To find out how much you can save on insurance coverage click to open in new window.
The only drawback to using this type of system is you cannot specify which companies to get pricing from. If you prefer to choose specific providers to receive pricing from, we have assembled a list of the cheapest insurance coverage companies in your area. View list of insurance companies.
Take whichever approach you prefer, but compare identical coverages and limits with every price quote. If you are comparing differing limits you will not be able to make a fair comparison for your Ford Explorer.
When choosing adequate coverage for your vehicles, there really is no best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions may help highlight whether your personal situation would benefit from an agent’s advice.
If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance companies in your area. It is quick, free and can help protect your family.
Having a good grasp of your insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Shown next are the normal coverages offered by insurance companies.
Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision insurance covers claims like driving through your garage door, rolling your car and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to bring the cost down.
Med pay and PIP coverage pay for bills for nursing services, dental work, prosthetic devices, surgery and rehabilitation expenses. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and also covers being hit by a car walking across the street. PIP is not universally available and may carry a deductible
Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.
Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like theft, vandalism, damage from a tornado or hurricane and rock chips in glass. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
This protects you from injuries or damage you cause to a person or their property in an accident. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability insurance covers things like emergency aid, attorney fees, loss of income, medical services and bail bonds. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
We covered many ideas to lower your 2016 Ford Explorer insurance auto insurance rates. The key thing to remember is the more rate comparisons you have, the better likelihood of getting cheap insurance. You may even discover the lowest auto insurance rates come from a company that doesn’t do a lot of advertising. Regional companies often have lower premium rates on specific markets than their larger competitors like Allstate, GEICO and Progressive.
Some companies may not offer online price quotes smaller companies work with local independent agents. Cheaper car insurance is available from both online companies and with local insurance agents, and you need to price shop both in order to have the best price selection to choose from.
When getting insurance quotes online, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where someone dropped liability coverage limits only to discover later that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy enough coverage at the best price while still protecting your assets.
More detailed car insurance information can be found in these articles: