Auto Insurance Quotes for a Ford Explorer in Cincinnati

It’s safe to conclude that car insurance companies want to prevent you from shopping around. Drivers who compare price quotes are likely to switch to a new company because there is a great chance of getting low-cost coverage. A survey found that drivers who make a habit of shopping around saved $3,400 over four years as compared to drivers who didn’t regularly shop around.

If finding the most affordable Ford Explorer insurance in Cincinnati is your target objective, then learning a little about how to choose a company and compare insurance premiums can save time, money, and frustration.

If saving the most money is your goal, then the best way to find lower priced Ford Explorer insurance in Cincinnati is to compare prices at least once a year from insurers who sell auto insurance in Ohio. You can compare rates by following these steps.

• First, learn about what is in your policy and the factors you can control to lower rates. Many risk factors that drive up the price like accidents, careless driving, and an imperfect credit score can be remedied by making lifestyle changes or driving safer.
• Second, compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from one company like GEICO and Allstate, while independent agents can provide price quotes from multiple sources.
• Third, compare the new quotes to your existing policy to see if a cheaper price is available. If you find a lower rate and switch companies, make sure coverage is continuous and does not lapse.
• Fourth, give notification to your current company to cancel your existing policy. Submit the signed application along with the required initial payment to your new agent or company. Immediately upon receiving it, safely store the certificate of insurance in an accessible location in your vehicle.

A key point to remember is to make sure you’re comparing similar deductibles and liability limits on each price quote and and to compare as many car insurance companies as possible. This enables a fair price comparison and a thorough price selection.

Locating the best rates in Cincinnati is not that difficult as long as you know where to start. If you have a policy now, you will be able to lower your rates using this strategy. Smart buyers just have to know how to compare rate quotes from many different companies online.

Take policy discounts and save on Ford Explorer insurance in Cincinnati

Some providers don’t list every possible discount very well, so we break down both well-publicized and also the lesser-known credits that you can use to lower your rates.

• Drivers Education – It’s a good idea to have your young drivers take driver’s ed class if it’s offered in school.
• Defensive Driver – Participating in a driver safety class could cut 5% off your bill depending on where you live.
• Service Members Pay Less – Having a family member in the military may qualify for rate reductions.
• Low Mileage Discounts – Driving less can qualify you for substantially lower premium rates.
• Good Student Discount – Being a good student can save 20 to 25%. The discount lasts until age 25.
• Passive Restraints – Cars that have air bags and/or automatic seat belt systems can receive discounts of more than 20%.
• Anti-lock Brake System – Cars and trucks with anti-lock braking systems are safer to drive and earn discounts up to 10%.
• College Student Discount – Children living away from Cincinnati attending college and do not take a car to college can receive lower rates.
• Senior Citizen Discount – Older drivers can possibly qualify for a slight reduction on a Cincinnati auto insurance quote.

Drivers should understand that some of the credits will not apply to the overall cost of the policy. A few only apply to specific coverage prices like medical payments or collision. Despite the appearance that all those discounts means the company will pay you, nobody gets a free ride.

The illustration below shows the difference between Ford Explorer insurance prices with and without policy discounts. The data assumes a male driver, no accidents, no driving violations, Ohio state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, multi-policy, claim-free, marriage, and homeowner discounts applied.

A few popular companies and their offered discounts are outlined below.

• Progressive has discounts for continuous coverage, multi-vehicle, good student, online signing, and homeowner.
• GEICO policyholders can earn discounts including daytime running lights, five-year accident-free, membership and employees, multi-policy, driver training, and air bags.
• State Farm offers discounts including good driver, anti-theft, Drive Safe & Save, multiple autos, driver’s education, and safe vehicle.
• Esurance has savings for good student, multi-policy, anti-lock brakes, safety device, renters, DriveSense, and multi-car.
• The Hartford discounts include vehicle fuel type, defensive driver, anti-theft, good student, and driver training.

Double check with every company what discounts are available to you. Some credits may not be available in your area.

Most larger insurance companies like Allstate, GEICO and Progressive provide coverage prices from their websites. Getting Ford Explorer insurance prices online is very simple because you just enter the amount of coverage you want as detailed in the form. After the form is submitted, their system will order your credit score and driving record and generates a price. Getting online rates for Ford Explorer insurance in Cincinnati makes it a lot easier to compare rates and it is imperative to get many rate quotes if you want to find affordable prices.

To save time and compare rates now, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you copy coverages and limits as close as possible to your current policy. Using the same limits helps guarantee you are getting an apples-to-apples comparison based on the exact same insurance coverage.

The following companies have been selected to offer quotes in Ohio. To locate the cheapest car insurance in Cincinnati, it’s a good idea that you compare several of them in order to get a fair rate comparison.

Analysis of Ford Explorer rates

The information below outlines detailed analysis of coverage costs for Ford Explorer models. Having a good understanding how insurance policy rates are figured can help drivers make informed coverage decisions.

Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in vehicle location which can revise rates significantly.

Policy deductibles

One of the most common auto insurance questions is the level to set your comp and collision deductibles. The comparisons below may help to illustrate the rate fluctuation when you select higher and lower comp and collision deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Prices do not factor in garaging location in Cincinnati which can decrease or increase premium rates significantly.

Based on the figures above, using a $100 deductible costs roughly $23 more each month or $276 every year than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 39 months between claims, you would most likely save money if you choose a higher deductible. Here is an example of how this determination is made.

One thing to note is that increasing deductibles to lower your rates results in having to pay to pay more out-of-pocket if you have a claim. You need to make sure you have enough extra savings in the event you have to pay the higher deductible.

Yearly auto insurance costs for men versus women

The example below shows the difference between Ford Explorer insurance costs for male and female drivers. The price estimates are based on no violations or claims, full coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.

Should you buy full coverage?

The chart below compares Ford Explorer auto insurance rates with liability coverage only compared to full coverage. The premiums assume no violations or claims, $100 deductibles, single status, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There isn’t a steadfast formula of when to eliminate full coverage, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Ford Explorer replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after you pay the deductible. If you are paying more than $700 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where eliminating full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not eliminate full coverage.

Save Money with These Tips

Many factors are part of the equation when you quote your car insurance policy. Most are fairly basic such as your driving record, but some are more transparent like where you live or your financial responsibility. One of the most helpful ways to save on insurance is to to have a grasp of some of the factors that come into play when calculating the rates you pay for insurance. When you understand what influences your rates, this allows you to make educated decisions that will entitle you to big savings.

• Cheaper rates by combining – The majority of insurance companies provide lower prices to customers who consolidate policies with them such as combining an auto and homeowners policy. Even though this discount sounds good, it’s in your best interest to comparison shop to ensure the best deal.

• Teen drivers cost more – Mature drivers are viewed as being more responsible, tend to cause fewer accidents, and usually have better credit. Youthful drivers have been known to be inattentive with other occupants in the car therefore insurance rates are much higher.

  The following chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

• Lower stress equals lower prices – Do you have a high-stress occupation? Careers like doctors, executives, and accountants generally have higher average rates due to intense work requirements and lots of time spent at work. Other occupations like actors, historians and performers pay the least.
• Safer the car lower the rate – Vehicles with high crash test scores get lower rates. Safer cars reduce injuries and any reduction in injury severity means your insurance company pays less and lower rates for you. If your Ford earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
• Pleasure use saves money – The higher the mileage driven in a year the higher the price you pay to insure it. Almost all companies charge rates based on their usage. Cars and trucks left parked in the garage qualify for better rates than vehicles that are driven to work every day. Improper usage on your Explorer is just wasting money. Verify your insurance coverage is rated on the correct usage for each vehicle.

• Insurance rates and vehicle performance – The performance level of the vehicle you own makes a significant difference in your auto insurance rates. The best insurance prices are generally reserved for the lowest performance passenger cars, but your final cost has many other factors.

  The following data is based on a married male driver age 50, full coverage with $100 deductibles, and no discounts or violations. It shows Ford Explorer rates compared to other vehicles that have different performance risks.

• Protect yourself with liability – A critical coverage on your policy, liability insurance will protect you if ever a jury decides you are liable for damages from an accident. Liability insurance provides for a legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to comp and collision, so drivers should carry high limits.
• Discounts for married couples – Your spouse helps lower the price compared to being single. Having a significant other translates into being less irresponsible and it’s proven that married drivers tend to have fewer serious accidents.

• Insurance loss probability for a Ford Explorer – Companies use historical loss data when they set coverage costs for each model. Vehicles that are shown to have higher claim amounts or frequency will have a higher cost to insure.

  The information below illustrates the collected loss data for Ford Explorer vehicles. For each coverage category, the claim probability for all vehicles, without regard to make or model, is equal to 100. Numbers shown that are under 100 represent a good loss history, while numbers that are greater than 100 point to more losses or a tendency for claims to be larger.

  
  

  Insurance Loss Ratings for Ford Explorer Vehicles

  Specific Ford 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

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance agencies can help

A lot of people prefer to sit down with an agent and that can be a smart move Professional agents are trained risk managers and will help you if you have claims. One of the great benefits of comparing auto insurance online is you can get better rates and still choose a local agent.

For easy comparison, once you complete this form (opens in new window), your insurance data is transmitted to local insurance agents that provide free Cincinnati auto insurance quotes for your coverage. You don’t have to find an agent because quoted prices will be sent to the email address you provide. In the event you want to get a price quote from a specific insurance company, feel free to jump over to their website to submit a rate quote request.

Picking the best company is decision based upon more than just the quoted price. These are valid questions to ask:

• How much can you save by raising your physical damage deductibles?
• Will your rates increase after a single accident?
• How many years have they been established?
• When do they do a full risk review?
• Do the companies they represent have a solid financial rating?
• What insurance companies do they recommend if they are an independent agent?
• Which members of your family are coverage by the policy?

If you feel you receive satisfactory answers as well as an affordable premium quote, you may have found an insurance company that meets the criteria to insure your vehicles.

Car insurance is not optional in Ohio

Even though Cincinnati Explorer insurance rates can get expensive, paying for car insurance may be required and benefits you in several ways.

• The majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific minimum amount of liability in order to drive the car. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Ford has a lienholder, most banks will require that you have comprehensive coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Ford at an extremely high rate and force you to reimburse them for it.
• Car insurance protects not only your car but also your financial assets. It will also pay for hospital and medical expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if anyone sues you for causing an accident. If you have damage to your Ford as the result of the weather or an accident, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.

The benefits of having car insurance are definitely more than the cost, particularly for liability claims. According to a survey of 1,000 drivers, the average driver overpays more than $820 a year so shop around once a year at a minimum to make sure the price is not too high.

Auto insurance company ratings

Ending up with a high-quality auto insurance company is hard considering how many different insurance companies sell coverage in Cincinnati. The ranking information in the next section may help you choose which car insurance providers to look at comparing rate quotes with.

A little work can save a LOT of money

You just learned a lot of information how to reduce Ford Explorer insurance premium rates online in Cincinnati. The most important thing to understand is the more times you quote, the better chance you’ll have of finding affordable Ford Explorer insurance quotes. You may even discover the most savings is with a lesser-known regional company. Some small companies can often provide lower prices in certain areas than the large multi-state companies such as GEICO and State Farm.

Cheap Ford Explorer insurance in Cincinnati is possible both online as well as from insurance agents, and you need to comparison shop both so you have a total pricing picture. Some insurance companies do not provide online price quotes and usually these regional insurance providers prefer to sell through independent agents.

For more information, link through to these articles:

• Older Driver Statistics (Insurance Information Institute)
• How Much is Cincinnati Auto Insurance for a 20 Year Old Female? (FAQ)
• How Much are Cincinnati Car Insurance Rates for Nurses? (FAQ)
• Side Impact Crash Tests (iihs.org)
• Safety Tips for Teen Drivers (Insurance Information Institute)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)