Finding affordable car insurance for a Ford Explorer in New York is pretty easy for most people to do, but it is dependent upon a very complex rating algorithm that uses multiple factors such as whether you are male or female, where you live, and citations on your driving record. Drivers will pay around $885 a year for Explorer insurance, but that amount is an approximation calculated based on a 30-year-old married male driver with full comprehensive and collision coverage and $100 deductibles.
When making auto insurance estimates, the issue arises that you’re not a 30-year-old male, possibly single instead of married, or maybe you don’t qualify for the same discounts. Different coverage needs are the reason why the best way to find cheap auto insurance rates for your Ford is to put in the effort to do a thorough rate comparison.
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The specific trim level impacts the insurance rate, so the price to insure a Explorer XLT 2WD model will be $104 cheaper than the insurance cost for the fancier Explorer Limited AWD version, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Explorer XLT 2WD | $228 | $338 | $264 | $16 | $80 | $926 | $77 |
| Explorer Eddie Bauer 2WD | $228 | $338 | $264 | $16 | $80 | $926 | $77 |
| Explorer XLT 4WD | $228 | $338 | $264 | $16 | $80 | $926 | $77 |
| Explorer XLT AWD | $228 | $338 | $264 | $16 | $80 | $926 | $77 |
| Explorer Eddie Bauer 4WD | $258 | $412 | $264 | $16 | $80 | $1,030 | $86 |
| Explorer Eddie Bauer AWD | $258 | $412 | $264 | $16 | $80 | $1,030 | $86 |
| Explorer Limited 2WD | $258 | $412 | $264 | $16 | $80 | $1,030 | $86 |
| Explorer Limited 4WD | $258 | $412 | $264 | $16 | $80 | $1,030 | $86 |
| Explorer Limited AWD | $258 | $412 | $264 | $16 | $80 | $1,030 | $86 |
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rate information does not factor in Buffalo location which can modify coverage rates considerably.
New York insurance company ratings
Buying coverage from a high-quality insurer can be difficult considering how many companies there are in Buffalo. The company information listed below could help you select which coverage providers you want to consider to insure your vehicles. The ratings below include companies that write coverage in many states, so companies with more of a regional focus will not be included in the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| The General | 96 | 100 | 92 | 91% | A- | 95 |
| Mercury Insurance | 87 | 96 | 100 | 87% | A+ | 93.4 |
| The Hartford | 88 | 96 | 91 | 93% | A+ | 92.6 |
| Progressive | 84 | 94 | 99 | 90% | A+ | 92.4 |
| Travelers | 84 | 93 | 100 | 87% | A++ | 92.3 |
| State Farm | 84 | 93 | 95 | 87% | A++ | 91 |
| Farmers Insurance | 87 | 92 | 90 | 85% | A | 90.6 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| Safeco Insurance | 85 | 91 | 87 | 86% | A | 88.4 |
| USAA | 71 | 93 | 98 | 87% | A++ | 88 |
| GEICO | 73 | 93 | 95 | 85% | A++ | 87.1 |
| 21st Century | 85 | 85 | 91 | 89% | A | 86.9 |
| Liberty Mutual | 72 | 91 | 97 | 83% | A | 86.4 |
| AAA Insurance | 85 | 85 | 88 | 86% | A | 85.8 |
| Nationwide | 71 | 90 | 93 | 83% | A+ | 84.9 |
| Allstate | 69 | 92 | 92 | 83% | A+ | 84.4 |
| American Family | 77 | 96 | 80 | 85% | A | 83.8 |
| Esurance | 70 | 80 | 89 | 77% | A+ | 79.2 |
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Data Source: Insure.com Best Car Insurance Companies
The information below highlights how deductible selection can increase or decrease insurance costs when searching for cheap insurance for a Ford Explorer. The information is based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.
In the chart above, a 40-year-old driver could lower their car insurance rates by $260 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $394 by using a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could possibly save as much as $658 or more by choosing larger deductibles on their policy.
If you do raise deductibles, it is a good idea to have enough in a savings account to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Cost difference between full coverage and liability
Finding the cheapest insurance should be important to the majority of vehicle owners, and one way to save on the cost of insurance for a Ford Explorer is to buy liability only. The information below shows the comparison of auto insurance rates with full physical damage coverage and with liability coverage only. The price estimates are based on no accidents, no driving violations, $1,000 deductibles, single status, and no discounts are applied.
If we average the cost for all age groups, physical damage coverage costs an additional $1,340 per year more than just buying liability only. That raises the question if buying full coverage is a waste of money. There is no set rule for eliminating physical damage insurance, but there is a guideline you can use. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
Impact of violations and accidents on rates
In a perfect world, the ideal way to snag affordable insurance prices in New York for an Explorer is to drive cautiously and maintain a clean driving record. The example below illustrates how traffic citations and accident claims increase insurance costs for different categories of driver ages. The prices are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,165. Get written up for two speeding tickets and the average cost rises to $1,648, an increase of $483 each year. Then add in one accident along with the two speeding tickets and the annual cost of insurance for a Ford Explorer increases to an average of $2,130. That’s an increase of $965, or $80 per month, just for being a less-than-perfect driver!
The insurance agencies below can most likely help you determine which car insurance company is the best fit, since some drivers wish to get some professional advice when comparing insurance rates for an Explorer. It can be hard to find the best policy yourself, and agents can add peace of mind knowing you have decent coverage if you have a claim. To find a Buffalo insurance agent by location nearest to you, click the button at the bottom of the list or click here to compare prices now.
- P.A.G. Agency Inc
1660 Kensington Ave – Buffalo, NY 14215 – (716) 835-3221 - Gallego Agency
572 Amherst St – Buffalo, NY 14207 – (716) 854-2800 - Kasprzyk Insurance Agency
497 Franklin St – Buffalo, NY 14202 – (716) 844-8178