Buying the cheapest car insurance for a Ford Explorer is pretty simple, but it depends on a lot of rating factors such as how old the Explorer is, what you do for a living, and violations on your driving record. Tennessee drivers will pay around $1,020 a year to insure their Explorer, but that cost is a valuation using a 30-year-old single male driver with full coverage and $250 deductibles.
But there is a good chance that you are not 30 and maybe not even a male, maybe you are married instead of single, or maybe you have a speeding ticket that needs to be factored in. Everone’s needs are different, and this illustrates why the best method for finding the cheapest coverage for your Ford is to just take the time to compare rates yourself.
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The trim level of your Explorer will likely have an effect on price, so the rate you pay to insure a Explorer XLT 2WD trim level will be $100 lower than the price to insure the more well-appointed Explorer Limited AWD model, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Explorer XLT 2WD | $254 | $310 | $378 | $22 | $114 | $1,078 | $90 |
| Explorer Eddie Bauer 2WD | $254 | $310 | $378 | $22 | $114 | $1,078 | $90 |
| Explorer XLT 4WD | $254 | $310 | $378 | $22 | $114 | $1,078 | $90 |
| Explorer XLT AWD | $254 | $310 | $378 | $22 | $114 | $1,078 | $90 |
| Explorer Eddie Bauer 4WD | $288 | $376 | $378 | $22 | $114 | $1,178 | $98 |
| Explorer Eddie Bauer AWD | $288 | $376 | $378 | $22 | $114 | $1,178 | $98 |
| Explorer Limited 2WD | $288 | $376 | $378 | $22 | $114 | $1,178 | $98 |
| Explorer Limited 4WD | $288 | $376 | $378 | $22 | $114 | $1,178 | $98 |
| Explorer Limited AWD | $288 | $376 | $378 | $22 | $114 | $1,178 | $98 |
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Premium amounts do not factor in vehicle location which can decrease or increase premium rates noticeably.
Insuring your vehicle with a good quality insurance company can be challenging considering how many choices you have in Tennessee. The company ratings shown next could help you analyze which auto insurers to look at purchasing a policy from. The ratings below include large nationwide companies, so companies that have a smaller presence are not taken into consideration for this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
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Data Source: Insure.com Best Car Insurance Companies
Liability only or full coverage
Finding the cheapest insurance is probably important to most people, and one great way to buy cheap insurance for a Ford Explorer is to buy only liability coverage. The chart below shows the difference between insurance rates with full physical damage coverage and with liability coverage only. The data assumes no claims, a clean driving record, $500 deductibles, marital status is single, and no additional discounts are factored in.
As an average for all age groups, physical damage coverage on your policy costs an additional $1,643 per year more than just buying liability insurance. That amount may make you wonder if physical damage coverage is worth the money. There is no specific rule of when to stop paying for physical damage coverage, but there is a broad guideline. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let’s pretend your vehicle’s settlement value is $8,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $7,500 after you pay the deductible. If you are paying in excess of $750 a year for full coverage, the it may be a good time to stop paying for full coverage.
There are some situations where dropping physical damage coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage.
Types of discounts on Nashville insurance rates
Car insurance companies that offer coverage for a Ford Explorer may also offer discounts that could lower prices by 40% or more if you are eligible to receive them. Companies and their possible discounts include:
- GEICO may offer discounts for military active duty, seat belt use, anti-lock brakes, good student, and daytime running lights.
- Auto-Owners Insurance offers discounts for safe vehicle, student away at school, teen driver, paperless, company car, and multi-policy.
- American Family offers discounts including accident-free, Steer into Savings, TimeAway discount, mySafetyValet, and good driver.
- Esurance offers premium reductions for multi-policy, DriveSense, good driver, anti-theft, paid-in-full, and good student.
- Progressive has discounts for multi-vehicle, continuous coverage, online signing, homeowner, multi-policy, and good student.
- State Farm has savings for multiple autos, Drive Safe & Save, good driver, driver’s education, good student, and Steer Clear safe driver discount.
- AAA may include discounts for anti-theft, pay-in-full, education and occupation, multi-car, good student, good driver, and AAA membership discount.
The chart below illustrates the comparison of annual premium costs with and without some available policy discounts. The rates are based on a male driver, a clean driving record, no at-fault accidents, Tennessee state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with claim-free, vehicle safety, marriage, passive restraint, anti-theft, and multiple policy discounts applied. When discounts are applied, the average savings per year on insurance for a Ford Explorer is 28% or $453.
If you prefer to have the advice of a professional agent when shopping for the best coverage for a Ford Explorer, the insurance agencies below are willing to help you determine which insurance coverage will be best for you.
To find an auto insurance agency in your neighborhood, click the link at the bottom.
- Chamberlain Insurance Agency
4741 Trousdale Dr #104 – Nashville, TN 37220 – (615) 922-2317 - Adam Darby – State Farm Insurance Agent
7041 Hwy 70 S #101 – Nashville, TN 37221 – (615) 869-7600 - Lester McClain – State Farm Insurance Agent
2209 Crestmoor Rd #200 – Nashville, TN 37215 – (615) 383-0449 - Arnie Phipps – State Farm Insurance Agent
4811 Trousdale Dr c – Nashville, TN 37220 – (615) 833-1300
More insurance agents in Nashville, TN
How to find cheaper insurance for a Ford Explorer
It’s not impossible to find cheaper rates, and here are some money-saving solutions that can help drivers buy cheap auto insurance.
- Do not get into accidents
- Buying home and auto insurance together can earn discounts
- Serious violations like DUI or reckless driving can increase rates dramatically
- Frequent claims will increase rates
- Buy a safer vehicle
- Comparison shop at least every other year
The last suggestion is notably valuable, as was pointed out in this write-up. Car insurance prices in Nashville fluctuate considerably, so drivers shouldn’t be resistant to switch companies if you can save money. Loyalty to a specific company is fine, but it’s not a good idea if that faithfulness ends up costing you a lot of money every month. It only take a few minutes to compare rates and find cheaper auto insurance for a Ford Explorer.