Do you want an efficient way to compare more affordable Ford Explorer insurance in Reno? Have you had enough of paying out the nose to make your auto insurance payment? You are in the same boat as many other Nevada drivers.
Remarkably, a study showed that nearly 70% of customers have remained with the same auto insurance company for at least four years, and roughly 40% of drivers have never compared rates from other carriers. Nevada consumers could save themselves almost $550 a year just by shopping around, but they mistakenly think it's difficult to compare other rate quotes.
Popular companies such as Progressive, State Farm and GEICO constantly blast consumers with ads and it is difficult to sift through the bull and effectively compare rates to find the best deal.
If you are already insured, you should be able to buy cheaper auto insurance using this strategy. Choosing the most cost-effective auto insurance policy in Reno is actually quite simple. But Nevada drivers must understand how big insurance companies charge you for coverage because it varies considerably.
The quickest way to compare insurance rates in your area takes advantage of the fact most of the bigger providers allow for online access to quote your coverage. The only thing you need to do is provide details such as if you're married, an estimate of your credit level, what your job is, and driver details. Those rating factors is then submitted to insurance carriers in your area and you should receive rate quotes within a short period of time.
To compare multiple company affordable Ford Explorer insurance rates now, click here and complete the quick form.
The companies in the list below have been selected to offer free rate quotes in Reno, NV. If multiple companies are listed, we recommend you click on several of them to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$238||$330||$308||$18||$92||$986||$82|
|Explorer Eddie Bauer 2WD||$204||$324||$348||$20||$104||$1,000||$83|
|Explorer XLT 4WD||$166||$260||$348||$20||$104||$898||$75|
|Explorer XLT AWD||$166||$260||$324||$20||$96||$866||$72|
|Explorer Eddie Bauer 4WD||$130||$214||$296||$18||$88||$746||$62|
|Explorer Eddie Bauer AWD||$170||$276||$296||$18||$88||$848||$71|
|Explorer Limited 2WD||$142||$248||$324||$20||$96||$830||$69|
|Explorer Limited 4WD||$258||$494||$348||$20||$104||$1,224||$102|
|Explorer Limited AWD||$152||$232||$318||$18||$96||$816||$68|
|Get Your Own Custom Quote Go|
Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rates do not factor in Reno location which can increase or decrease premium rates greatly.
Ford Explorer liability-only versus full coverage
The information below shows the difference between Ford Explorer car insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no claims, a clean driving record, $500 deductibles, married female driver, and no discounts are applied.
Deciding between full coverage and liability only
There is no specific rule to stop buying full coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
For example, let's say your Ford Explorer claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If you are paying in excess of $700 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where only buying liability is not financially feasible. If you still owe a portion of the original loan, you have to carry full coverage to satisfy the loan requirements. Also, if you can't afford to buy a different vehicle in case of an accident, you should keep full coverage in place.
Protect your Ford vehicle and other assets
Despite the high insurance cost for a Ford Explorer in Reno, maintaining insurance is not optional due to several reasons.
- Just about all states have compulsory liability insurance requirements which means you are required to buy a specific level of liability insurance in order to license the vehicle. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Ford Explorer, more than likely the lender will make it mandatory that you buy full coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Ford at a significantly higher premium and force you to reimburse them the higher premium.
- Car insurance preserves not only your Ford Explorer but also your assets. Insurance will also pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If you have damage to your Ford as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of insuring your car definitely exceed the price paid, specifically if you ever have a liability claim. But the average driver in Nevada is overpaying over $830 a year so shop around each time the policy renews to be sure current rates are still competitive.
Why Your Insurance Prices might be higher
Smart consumers have a good feel for the factors that go into determining the rates you pay for auto insurance. If you know what positively or negatively impacts your premiums, this helps enable you to make changes that could help you find much lower annual insurance costs. Lots of things are considered when you get your auto insurance bill. Some are pretty understandable such as traffic violations, but some are more obscure like your continuous coverage or your vehicle rating.
- Get married and get better premiums - Your spouse may earn you lower rates on your policy. It usually means you are more mature and it's statistically proven that married drivers tend to have fewer serious accidents.
- High physical damage deductibles cost less - Physical damage deductibles define how much you are required to pay before your auto insurance pays a claim. Physical damage protection, also known as collision and other-than-collision, protects your car from damage. A few examples of covered claims are rearending another vehicle, hail damage, or theft of your vehicle. The more money you're willing to pay, the bigger discount you will receive.
- Drive less and get lower premiums - Driving a lot of miles each year the higher the price you pay to insure it. A lot of companies calculate prices based upon how much you drive. Cars and trucks used primarily for pleasure use cost less to insure than those used for commuting. An improperly rated Explorer may be costing you. It's always a good idea to double check that your auto insurance declarations sheet states the correct usage for each vehicle, because improper ratings can cost you money.
- How much liability - Your policy's liability coverage is the coverage that protects you if you are ruled to be at fault for causing personal injury or damage in an accident. Your policy's liability insurance provides legal defense coverage which can cost thousands of dollars. Liability is cheap as compared to coverage for physical damage, so insureds should have plenty of protection for their assets.
- The type of vehicle makes a difference - The performance of the car, truck or SUV you are buying insurance for makes a significant difference in the rate you pay. Due to the fact that the Ford Explorer is considered a standard SUV, insuring your vehicle will cost slightly more as compared to the average rate in Reno. Lower performance four cylinder passenger vehicles receive the most favorable rates, but that's not the only thing that factors into the final price.
- Premiums are lower the older you get - Older insureds are proven to be safer behind the wheel, tend to cause fewer accidents, and are generally more financially stable.Drivers with little experience are proven to be careless and easily distracted when at the wheel of a vehicle so auto insurance rates are higher.
- Insurance loss statistics a Ford Explorer - Companies analyze the history of losses in order to profitably underwrite each model. Models that the data shows to have higher loss trends will have a higher premium rate.
The table below illustrates the insurance loss data used by companies for Ford Explorer vehicles. For each coverage type, the claim probability for all vehicles averaged together is set at 100. Numbers that are below 100 suggest a positive loss record, while numbers that are greater than 100 indicate more frequent claims or tendency to have higher losses.
Insurance Loss Ratings for Ford Explorer Vehicles
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford Explorer 4dr 2WD 80 90 79 75 70 82 Ford Explorer 4dr 4WD 94 94 97 75 70 85
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Companies offer many types of discounts on Ford Explorer insurance in Reno
Car insurance companies do not list all available discounts in an easy-to-find place, so the next list breaks down both well-publicized as well as some of the hidden car insurance savings.
- Discounts for Cautious Drivers - Drivers without accidents can save as much as half off their rates than drivers with accidents.
- Drivers Education - It's a good idea to have your young drivers participate in a local driver's education class in school or through a local driver safety program.
- Multiple Policy Discount - If you have multiple policies and place coverage with the same company you could save at least 10% off all policies.
- Discounts for Government Workers - Being employed by or retired from a federal job can earn a discount up to 10% with select insurance companies.
- Senior Citizen Discount - Drivers that qualify as senior citizens may be able to get better car insurance rates.
- Save with More Vehicles Insured - Buying insurance for multiple cars on a single policy could earn a price break for each car.
- Discount for Good Grades - Maintaining excellent grades can get you a discount of up to 25%. Most companies allow this discount until age 25.
Policy discounts save money, but some of the credits will not apply to the entire policy premium. Some only apply to individual premiums such as medical payments or collision. Despite the appearance that you would end up receiving a 100% discount, companies don't profit that way.
If you would like to choose from a list of companies who offer cheap Ford Explorer insurance quotes in Reno in Reno, click here.
Insurance can be complex
When it comes to choosing your policy, there really isn't a "best" method to buy coverage. Coverage needs to be tailored to your specific needs.
For example, these questions can aid in determining if you might need an agent's assistance.
- Does my Ford Explorer need full coverage?
- What can I do if my company won't pay a claim?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- What is the ISO rating for a Ford Explorer?
- Why am I required to buy liability insurance?
- Who does medical payments coverage extend to?
- Does insurance cover tools stolen from my truck?
- Do I get a pro-rated refund if I cancel my policy early?
If you don't know the answers to these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form.
Car insurance is available from local insurance agents
Many people still like to buy from a local agent and that is recommended in a lot of cases The best thing about getting online price quotes is that you can find cheap car insurance rates but still work with a licensed agent. And supporting local insurance agencies is important particularly in Reno.
To help locate an agent, after submitting this short form, your insurance data is instantly submitted to local insurance agents that can give you free Reno auto insurance quotes to get your business. You never need to contact an agency because prices are sent straight to your inbox. Get lower rates without requiring a lot of work. If you need to get a rate quote from a specific company, don't hesitate to navigate to their website and give them your coverage information.
Picking an provider needs to be determined by more than just the price. The questions below may impact your decision as well.
- Do they assist clients in filing claims?
- Can they help ensure a fair claim settlement?
- How are they compensated?
- Where are claims handled?
- Do they have a Better Business Bureau rating in Reno?
- How much training do they have in personal risk management?
Cheaper insurance rates are possible
When searching for the cheapest Ford Explorer rate quotes, it's a bad idea to buy less coverage just to save a little money. In too many instances, consumers will sacrifice liability coverage limits and learned later that a couple dollars of savings turned into a financial nightmare. The goal is to buy enough coverage at the best cost, but do not skimp to save money.
Cost effective Ford Explorer insurance can be purchased online and also from your neighborhood Reno agents, so you should be comparing quotes from both to have the best selection. A few companies may not provide price quotes online and usually these small, regional companies sell through independent insurance agencies.
Consumers change insurance companies for many reasons like delays in responding to claim requests, extreme rates for teen drivers, high prices and policy non-renewal. No matter why you want to switch, finding a great new company is less work than it seems.
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