Finding economical auto insurance for a Ford Explorer in Nevada can be really easy, but it hinges on a lot of rating factors such as whether you are a homeower, your credit score, and citations or violations on your driving record. Drivers in Nevada will pay on average $1,280 per year to insure their Explorer, but that figure is a projection calculated using a 30-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
More likely than not, you may not be 30 years old (or even female), you might be married instead of single, or you just prefer to insure for liability only. Have just a small change in rating criteria or coverage limits can make a big difference in the cost of a policy.
Auto insurance is unique to each driver, so the best way to find the cheapest rates for your Ford is to compare as many rates as you can. Get your free quotes now and you will receive prices from top-rated companies that insure vehicles in Nevada.
The trim level of your vehicle has an effect on price, so the cost to insure a Explorer XLT 2WD will be $144 cheaper than the insurance cost for the higher-priced Explorer Limited AWD version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$294||$484||$416||$24||$124||$1,342||$112|
|Explorer Eddie Bauer 2WD||$294||$484||$416||$24||$124||$1,342||$112|
|Explorer XLT 4WD||$294||$484||$416||$24||$124||$1,342||$112|
|Explorer XLT AWD||$294||$484||$416||$24||$124||$1,342||$112|
|Explorer Eddie Bauer 4WD||$332||$590||$416||$24||$124||$1,486||$124|
|Explorer Eddie Bauer AWD||$332||$590||$416||$24||$124||$1,486||$124|
|Explorer Limited 2WD||$332||$590||$416||$24||$124||$1,486||$124|
|Explorer Limited 4WD||$332||$590||$416||$24||$124||$1,486||$124|
|Explorer Limited AWD||$332||$590||$416||$24||$124||$1,486||$124|
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rate quotes do not factor in the specific area where the vehicle is garaged which can lower or raise auto insurance rates substantially.
Deciding which companies have the lowest-priced auto insurance rates for a Ford Explorer in Nevada will require a little more effort in order to find the most economical policy. Each auto insurer uses a slightly different approach to determine premium rates, so let's look at the rankings for the auto insurance companies with the overall cheapest rates in Nevada.
It's a good idea to be aware that Nevada auto insurance rates are impacted by many things that will increase or decrease the price you pay. Simply having another birthday, moving to a different location, or getting a couple of tickets may generate price changes resulting in some rates now being affordable when they were higher priced.
Find Cheaper Auto Insurance for Your Explorer
|Rank||Company||Cost Per Year|
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Allied may have some of the best car insurance rates in Nevada at around $921 annually. This is $653 less than the average policy premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and American Family would also be considered some of the cheaper Nevada car insurance companies.
As illustrated above, if you are a policyholder with Travelers and switched to Allied, you might achieve savings of upwards of $9. Nevada drivers with Capital could save as much as $57 a year, and Oregon Mutual insureds might reduce prices by as much as $237 a year.
To get a fast rate comparison, click here or visit several of the following companies.
Understand that those policy prices are averaged across all types of drivers and the different vehicles they drive and do not factor in a specific rate factor for a Ford Explorer. So the company that can offer you the lowest price may not even be in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.
How accidents and tickets impact rates
The ideal way to obtain affordable auto insurance premiums for an Explorer is to drive cautiously and not receive tickets or have accidents. The illustration below illustrates how traffic citations and at-fault collisions influence annual premium costs for different age categories. The prices are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.
In the chart above, the average cost of a car insurance policy in Nevada per year with no accidents or violations is $1,861. Get written up for two speeding tickets and the average cost swells to $2,497, an increase of $637 each year. Now include two accidents along with the two speeding tickets and the annual cost of auto insurance for a Ford Explorer in Nevada jumps again to an average of $4,803. That's an increase of $2,942, or $245 per month, just for being a little careless behind the wheel!
Full coverage rates vs. liability-only
Lowering the price of auto insurance is probably important to most people, and a good way to find cheaper insurance for a Ford Explorer in Nevada is to only buy liability coverage. The information below shows the comparison of insurance rates with and without full coverage. The premiums are based on a clean driving record, no at-fault accidents, $250 deductibles, drivers are single, and no additional discounts are factored in.
If we average all the age groups together, physical damage insurance costs an additional $1,788 per year over and above liability coverage. That is a large expense and it proposes the question when is it safe to stop buying full coverage. There is no exact formula to stop paying for physical damage insurance, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than about 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let's assume your vehicle's settlement value is $5,500 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $4,500 after paying the physical damage deductible. If premium cost is more than $450 a year to have full coverage, then you might consider buying liability only.
There are some conditions where dropping full coverage is not a good plan. If you still owe money on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage.
You are probably paying too much for Explorer insurance
Nevada auto insurance rates are impacted by many things which can substantially decrease or increase the cost of having a policy. Simply having a birthday, buying a new vehicle, or having an at-fault accident can produce rate changes that can make some companies cheaper than competitors.
Not only may your risk profile change, but insurers change premium rates multiple times each year in order to protect their financial rating. An unexpected high level of claims can result in increased rates, while a better claims history can cause cheaper Explorer insurance rates.
The data below compares the cheapest car insurance in Nevada for a 30-year-old male driver with no prior accidents, a clean driving record, and great credit. When quoting prices based on his current risk profile, Travelers has the cheapest car insurance rates in Nevada at $912 per year. This is $662 less than the average rate paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive round out the rest of the most affordable Nevada auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates a chargeable accident, a lower credit rating, and a stop sign violation. Due to the fact that every auto insurer has a unique formula for setting prices, comparing insurance quotes could result in a substantially altered list of cheap Nevada auto insurance companies as shown below.
American Family now has the best price in Nevada with Allied, Nationwide, USAA, and Safeco now rounding out the top five. This shows why it is so important to shop around with many companies to find affordable insurance rates for a Ford Explorer. Insurance rates are impacted by many factors and can decrease or increase without notice, so the most affordable company two years ago may now be wasting a lot of money.
How to find low-cost car insurance for a Ford Explorer in Nevada
The list below shows some money-saving ideas that can help drivers locate cheap coverage.
- Vehicles with good safety ratings have lower liability rates
- Maintain a safe distance and avoid accidents
- Good credit can help you save money
- Avoid speeding and other traffic citations and pay less
- Raise deductibles
- Compare rates and switch if you can find a better deal
The final tip is incredibly crucial, as was pointed out in the prior article. Rates adjust frequently, so don't be afraid to buy from a different company if you find a cheaper price. Many consumers stick with the same company and that's fine, but it isn't a good idea if that dedication is costing money that could be used for better things. It takes less than five minutes to shop around to find cheaper insurance for a Ford Explorer.