What Car Insurance is Cheapest for a Ford Explorer in Philadelphia?

Finding cheap insurance for a Ford Explorer in Pennsylvania is fairly simple, but it relies on a pretty complex algorithm that uses a lot of factors such as annual miles driven, your profession, and physical damage deductibles. Pennsylvania drivers pay on average $693 each year to insure their Explorer, but that figure is an approximation using a 50-year-old married male driver with both comprehensive and collision coverage and $1,000 deductibles.

There’s a good chance you may not be 50 years old (or even male), maybe you are single instead of married, or maybe you’re a renter instead of a homeowner. Having the smallest difference in rating criteria could end up with a large change in the price of coverage.

Auto insurance is not the same for everyone, so the only way to find the cheapest rates for your Ford is to do a thorough rate comparison. It’s really quite easy you can get prices from top-rated car insurance companies around.

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Your vehicle’s trim level tends to have a direct effect on the yearly cost, so the cost to insure a Explorer XLT 2WD trim level will be $58 cheaper than the price to insure the more well-appointed Explorer Limited AWD model, as shown in the chart below.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Table data does not factor in your specific Philadelphia location which can raise or lower premiums substantially.

Finding out which company quotes the lowest-priced car insurance rates for a Ford Explorer will involve more time than just getting one or two price quotes. Each company has their own formula for setting prices, so let’s examine the most budget-friendly car insurance companies in Philadelphia, PA.

It’s important that you understand Pennsylvania car insurance rates are influenced by many factors which can significantly increase or decrease the policy premium. Simply improving your credit, buying another vehicle, or getting caught speeding may generate price changes that can now make some companies cheaper than others.

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General Casualty may offer some of the most affordable car insurance rates in Philadelphia at around $726 annually. Erie, USAA, Travelers, and Penn National also qualify as some of the cheaper Philadelphia, PA car insurance companies.

As the example above demonstrates, if you currently buy coverage from Travelers and switched to Erie, you could realize a yearly savings of in the vicinity of $19. Insureds with Penn National might save as much as $48 a year, and Auto-Owners policyholders might lower prices by up to $171 a year.

It’s important to note that these rates are averages across all types of insureds and vehicles and and are not figured with an exact location for a Ford Explorer. So the auto insurance company that fits you best may not even be in the top 30 companies in the list above. That illustrates why you need to get quotes using your own driver and vehicle profiles.

Types of discounts on Philadelphia insurance rates

Car insurance companies that sell policies for a Ford Explorer could also offer premium discounts that may potentially lower prices by 35% or more if you meet eligibility requirements. A list of companies and some of their more popular discounts can be read below.

• State Farm offers discounts for passive restraint, good student, accident-free, driver’s education, defensive driving training, good driver, and safe vehicle.
• Farmers Insurance offers discounts including electronic funds transfer, teen driver, early shopping, bundle discounts, alternative fuel, switch companies, and pay in full.
• GEICO discounts include driver training, multi-policy, emergency military deployment, good student, anti-lock brakes, and multi-vehicle.
• American Family may include discounts for TimeAway discount, good driver, multi-vehicle, air bags, and early bird.
• Nationwide may offer discounts for defensive driving, Farm Bureau membership, business or organization, good student, easy pay, and family plan.
• Progressive may have discounts that include online signing, continuous coverage, online quote discount, homeowner, multi-policy, good student, and multi-vehicle.

The chart below shows the comparison of insurance prices with and without discounts applied to the rates. The prices are based on a female driver, a clean driving record, no claims, Pennsylvania state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with claim-free, homeowner, passive restraint, multiple vehicle, accident-free, and safe-driver discounts applied. When these discounts are applied, the average savings per year on car insurance for a Ford Explorer is 28% or $596.

Does it make sense to buy full coverage?

Finding cheaper car insurance is the goal of the majority of people, and a good way to pay less for insurance for a Ford Explorer is to only buy liability insurance. The example below shows the difference between premium costs when comparing full coverage to liability only. The data assumes no accidents or driving violations, $100 deductibles, single marital status, and no policy discounts are applied.

Averaged for all age groups, physical damage insurance costs an additional $2,285 per year over liability only. At some point, about every driver wonders if full coverage is worth the money. There is no clear-cut rule that works best for making the decision to drop physical damage insurance, but there is a general school of thought. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s say your vehicle’s book value is $10,500 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $9,500 after the policy deductible has been paid. If you are paying over $950 annually to have full coverage, then it might be time to consider dropping full coverage.

There are some conditions where removing full coverage is not financially feasible. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

Safe drivers Philadelphia pay cheaper rates

One of the best ways to maintain the cheapest car insurance prices in Pennsylvania for an Explorer is to drive cautiously and not have accidents or get tickets. The information below shows how speeding tickets and at-fault accidents raise auto insurance rates for each different age category. The premium estimates are based on a married female driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.

The data above shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,615. Get written up for one speeding ticket and the average cost increases to $1,880, an increase of $264 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of car insurance for a Ford Explorer jumps again to an average of $2,614. That’s an increase of $999, or $83 per month, just for not being a responsible driver!