Smart shoppers know that insurance companies don’t want you shop around. Drivers who shop around for cheaper prices will most likely move their business because the odds are good of finding a lower-priced policy. A recent insurance study discovered that people who made a habit of comparing rates saved over $3,500 over four years as compared to drivers who never shopped for cheaper rates.
If finding the most affordable Ford Explorer insurance in El Paso is your objective, then having a good understanding the best way to quote and compare cheaper coverage can help make the process easier and more efficient.
The recommended way to find better pricing on auto insurance rates in El Paso is to do a yearly price comparison from providers who sell auto insurance in Texas.
First, spend a few minutes and learn about individual coverages and the things you can change to prevent rate increases. Many risk factors that result in higher prices like inattentive driving and a negative credit history can be improved by improving your driving habits or financial responsibility. Read the full article for the details to get better rates and find possible discounts that are available.
Second, get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive or Allstate, while independent agents can provide price quotes from multiple sources.
Third, compare the new rate quotes to the price on your current policy to see if cheaper Explorer coverage is available. If you find a better price and buy the policy, make sure coverage is continuous and does not lapse.
One bit of advice is that you use similar limits and deductibles on every quote request and to quote with as many car insurance companies as possible. Doing this ensures a level playing field and a good representation of prices.
Discounts can help lower premiums on Ford Explorer insurance in El Paso
Insurance can be pricey, but discounts can save money and there are some available that you may not know about. Certain credits will be shown when you get a quote, but occasionally some discounts must be manually applied prior to receiving the credit. If they aren’t giving you every credit possible, you could be paying more than you need to.
- Discount for Life Insurance – Some insurance companies give a lower insurance rate if you buy life insurance.
- Defensive Driver Discounts – Taking part in a defensive driving course could cut 5% off your bill if you qualify.
- Senior Citizens – If you qualify as a senior citizen, you may be able to get reduced rates.
- Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them enroll and complete driver’s education in high school.
- Multi-Vehicle Discounts – Insuring all your vehicles on a single policy could earn a price break for each car.
Don’t be surprised that most of the big mark downs will not be given to your bottom line cost. Most only apply to specific coverage prices like physical damage coverage or medical payments. So even though it sounds like you could get a free insurance policy, that’s just not realistic.
The example below visualizes the comparison of Ford Explorer insurance costs with and without policy discounts. The data assumes a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, marriage, safe-driver, multi-car, and claim-free discounts applied.
Car insurance companies that may offer policyholders some of the above discounts include:
If you want affordable Ford Explorer insurance quotes, ask all companies you are considering which credits you are entitled to. A few discounts might not be available to policyholders in every state. To view insurers with the best Ford Explorer insurance discounts in El Paso, click this link.
When shopping for cheaper El Paso car insurance quotes, there are a couple of ways of comparing price quotes from many available car insurance companies in Texas. The easiest way by far to find the cheapest Ford Explorer insurance rates consists of shopping online.
It’s so fast and easy to compare rate quotes online that it makes it obsolete to actually drive to different El Paso agent offices. Quoting and buying Ford Explorer insurance online makes this unnecessary unless you require the professional guidance that only a licensed agent can provide. It is possible with some companies price shop online and have a local agent actually service the policy.
It’s important to know that obtaining a wide range of quotes helps improve the odds of finding the best rates.
The auto insurance companies shown below have been selected to offer quotes in El Paso, TX. If multiple providers are shown, we recommend you visit two to three different companies to find the lowest auto insurance rates.
Insurance coverage details
The rate table displayed next highlights a range of coverage prices for Ford Explorer models. Learning as much as possible about how insurance policy rates are determined helps drivers make informed decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$184||$272||$358||$22||$108||$944||$79|
|Explorer Eddie Bauer 2WD||$184||$272||$358||$22||$108||$944||$79|
|Explorer XLT 4WD||$184||$272||$358||$22||$108||$944||$79|
|Explorer XLT AWD||$184||$272||$358||$22||$108||$944||$79|
|Explorer Eddie Bauer 4WD||$208||$332||$358||$22||$108||$1,028||$86|
|Explorer Eddie Bauer AWD||$208||$332||$358||$22||$108||$1,028||$86|
|Explorer Limited 2WD||$208||$332||$358||$22||$108||$1,028||$86|
|Explorer Limited 4WD||$208||$332||$358||$22||$108||$1,028||$86|
|Explorer Limited AWD||$208||$332||$358||$22||$108||$1,028||$86|
|Get Your Own Custom Quote Go|
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Information does not factor in specific garaging location which can lower or raise coverage prices considerably.
The illustration below shows how choosing a deductible and can change Ford Explorer insurance costs for each age group. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Rate difference between full and liability-only coverage
The information below compares Ford Explorer auto insurance costs with liability coverage only compared to full coverage. The premium estimates are based on no violations or claims, $250 deductibles, drivers are not married, and no policy discounts are applied.
Are you wasting money paying for full coverage?
There is no clear-cut formula of when to phase out comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let’s pretend your Ford Explorer replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after paying your policy deductible. If you are paying more than $500 a year for physical damage coverage, then it could be time to drop full coverage.
There are a few cases where only buying liability is not in your best interest. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not opt for liability only.
When to get professional advice
When buying coverage online or from an agent, there really isn’t a “perfect” insurance plan. Everyone’s situation is unique so this has to be addressed. For example, these questions might help in determining if you will benefit from professional help.
- Is my custom paint covered by insurance?
- How can I get the company to pay a claim?
- Does my policy cover me if I wreck while driving under the influence?
- Can my teen drive my company car?
- What discounts do I qualify for?
- What is GAP insurance?
- When should I buy a commercial auto policy?
- Why am I be forced to buy a membership to get insurance from some companies?
- I have a DUI can I still get coverage?
- Does car insurance cover theft of personal property?
If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.
Insurance agents near you
A lot of people still prefer to get professional advice from a licensed agent and doing so can bring peace of mind One of the benefits of comparing rates online is that you can obtain the best rates and also buy local. And supporting local agents is still important in El Paso.
After filling out this short form, the coverage information is immediately sent to companies in El Paso who will give you bids to get your business. There is no reason to contact any insurance agencies because prices are sent instantly to you. You can most likely find cheaper rates AND a local agent. If you want to get a rate quote from a specific insurance provider, just navigate to their website and give them your coverage information.
When researching a reputable insurance agent or broker, it’s important to understand the types of insurance agents and how they operate. Insurance policy providers can either be exclusive or independent agents depending on their company appointments.
Independent agencies do not write with just one company so they can quote policies with an assortment of companies and get the cheapest rates. If they find a cheaper price, the agent simply finds a different carrier and you don’t have to switch agencies.
When shopping rates, you need to check rates from multiple independent agents in order to compare the most rates.
Shown below is a partial list of independent agencies in El Paso who can help you get free insurance rate quotes.
Nationwide Insurance: Pinon and Associates Financial Corporation
1515 E Missouri Ave – El Paso, TX 79902 – (915) 857-6890 – View Map
Exclusive Insurance Agencies
Agents of this type can only place business with one company such as Farmers Insurance and State Farm. Exclusive agents cannot shop your coverage around so if the price isn’t competitive there isn’t much they can do. Exclusive agents are well schooled on their products and sales techniques and that allows them to sell at a higher price point.
Below are El Paso exclusive agencies that are able to give price quotes.
Lou Lobato – State Farm Insurance Agent
1810 Trawood Dr l – El Paso, TX 79935 – (915) 598-5401 – View Map
Picking a auto insurance agent shouldn’t rely on just a cheap price. The questions below may impact your decision as well.
- Is insurance their full-time profession?
- Do they review policy coverages at every renewal?
- Are aftermarket or OEM parts used to repair vehicles?
- How long have they been in business?
- Do they regularly work with personal auto policies in El Paso?
- Does their agency support local causes in El Paso?
Upon getting satisfactory answers to all your questions and an acceptable price quote, you may have found an auto insurance agent that can be trusted to provide insurance coverage. Keep in mind you are able to cancel your policy any time you want so never assume you’re contractually obligated to a policy for a certain time period.
Three reasons to insure your Ford Explorer
Even though it can be expensive, car insurance serves several important purposes.
- Almost all states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability insurance in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Ford Explorer with a loan, more than likely the lender will require you to have insurance to guarantee payment of the loan. If coverage lapses or is canceled, the bank may buy a policy for your Ford at a more expensive rate and force you to pay the higher premium.
- Insurance safeguards both your assets and your car. It will also cover medical bills for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of carrying enough insurance outweigh the cost, especially if you ever need it. According to a survey of 1,000 drivers, the average driver overpays more than $830 a year so it’s very important to do a rate comparison at every renewal to ensure rates are inline.
Learn about insurance coverages for a Ford Explorer
Understanding the coverages of insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages offered by insurance companies.
Medical payments and PIP coverage
Med pay and PIP coverage provide coverage for short-term medical expenses for ambulance fees, pain medications and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Comprehensive auto coverage
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like hitting a bird, fire damage and hitting a deer. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Ford Explorer.
Due to the fact that many Texas drivers carry very low liability coverage limits (Texas limits are 30/60/25), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Normally these limits do not exceed the liability coverage limits.
This coverage will pay to fix damage to your Explorer resulting from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things such as sideswiping another vehicle, driving through your garage door, crashing into a ditch and scraping a guard rail. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible on your Explorer to get cheaper collision coverage.
Liability insurance protects you from injuries or damage you cause to people or other property by causing an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 30/60/25 which means $30,000 in coverage for each person’s injuries, a per accident bodily injury limit of $60,000, and $25,000 of coverage for damaged property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage pays for claims like bail bonds, loss of income, pain and suffering, medical expenses and emergency aid. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible. Texas requires minimum liability limits of 30/60/25 but you should think about purchasing better liability coverage.
The next chart shows why buying the state minimum limits may not be enough coverage.
Find affordable rates by comparing often
When you buy El Paso car insurance online, it’s very important that you do not reduce coverage to reduce premium. There are a lot of situations where drivers have reduced collision coverage only to regret that the savings was not a smart move. Your strategy should be to purchase plenty of coverage for the lowest cost.
We covered a lot of information how to get a better price on Ford Explorer insurance in El Paso. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your premium rates. Consumers may even find the best car insurance rates are with a company that doesn’t do a lot of advertising. These companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.
Lower-priced auto insurance in El Paso is available both online as well as from insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some companies may not offer price quotes online and most of the time these regional carriers only sell through independent agencies.