Truthfully, the best way to find discount Ford Explorer insurance is to start comparing rates regularly from insurers who provide car insurance in Louisville.
Step 1: Spend some time learning about how insurance companies determine prices and the things you can change to keep rates in check. Many policy risk factors that result in higher rates like accidents, traffic violations, and your credit history can be improved by improving your driving habits or financial responsibility.
Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from a single company like GEICO or Farmers Insurance, while agents who are independent can provide prices from multiple insurance companies.
Step 3: Compare the new rate quotes to your current policy to determine if switching companies saves money. If you can save money and switch companies, make sure there is no lapse in coverage.
Step 4: Tell your current agent or company of your intent to cancel your current auto insurance policy and submit payment along with a signed and completed policy application to your new agent or company. Once received, put the certificate of insurance in your glove compartment.
The most important part of this process is that you use the same amount of coverage on every quote and and to get price estimates from all possible companies. This ensures a fair rate comparison and a complete selection of prices.
It’s well known that auto insurance companies want to prevent you from shopping around. Insureds who shop around for cheaper price quotes are likely to switch auto insurance companies because of the high probability of finding a more affordable policy. A survey found that drivers who shopped around every year saved on average $3,500 over four years compared to policyholders who never compared other company’s rates.
If finding the cheapest rates on car insurance is your objective, knowing the best way to quote and compare insurance coverage can help make the process easier and more efficient.
Locating the best rates in Louisville can initially seem challenging. If you are already insured or are shopping for new coverage, you can use these tips to buy cheaper auto insurance without having to cut coverage. Drivers just need to use the best way to quote multiple rates using one simple form.
Finding a lower price on insurance is not a difficult process. You just have to take a couple of minutes comparing rates to see which company has the cheapest Ford Explorer rate quotes.
The following companies are ready to provide price quotes in Louisville, KY. To get cheap car insurance in Kentucky, it’s a good idea that you click on several of them to get the best price comparison.
Choosing Ford Explorer insurance is an important decision
Despite the fact that auto insurance is not cheap in Louisville, auto insurance is most likely required but also gives you several important benefits.
- Almost all states have mandatory insurance requirements which means the state requires specific minimum amounts of liability protection if you don’t want to risk a ticket. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your Ford, more than likely the lender will require that you buy insurance to guarantee loan repayment. 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 the much more expensive policy.
- Insurance protects your Ford and your assets. It will also pay for medical expenses for not only you but also any passengers injured in an accident. Liability coverage will also pay for a defense attorney if you are sued as the result of your driving. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of insuring your car are without a doubt worth the cost, specifically if you ever have a liability claim. Unknowingly, the average driver overpays more than $830 a year so you should quote and compare rates at every policy renewal to save money.
Insurance coverage details
The data table displayed below outlines a range of coverage costs for Ford Explorer models. Having a better understanding of how rates are formulated is important to be able to make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Explorer XLT 2WD | $234 | $282 | $428 | $26 | $128 | $1,098 | $92 |
| Explorer Eddie Bauer 2WD | $234 | $282 | $428 | $26 | $128 | $1,098 | $92 |
| Explorer XLT 4WD | $234 | $282 | $428 | $26 | $128 | $1,098 | $92 |
| Explorer XLT AWD | $234 | $282 | $428 | $26 | $128 | $1,098 | $92 |
| Explorer Eddie Bauer 4WD | $264 | $342 | $428 | $26 | $128 | $1,188 | $99 |
| Explorer Eddie Bauer AWD | $264 | $342 | $428 | $26 | $128 | $1,188 | $99 |
| Explorer Limited 2WD | $264 | $342 | $428 | $26 | $128 | $1,188 | $99 |
| Explorer Limited 4WD | $264 | $342 | $428 | $26 | $128 | $1,188 | $99 |
| Explorer Limited AWD | $264 | $342 | $428 | $26 | $128 | $1,188 | $99 |
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Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Premium costs do not factor in garaging location in Louisville which can lower or raise auto insurance rates greatly.
The chart below demonstrates how deductibles and can raise or lower Ford Explorer insurance costs for different age categories. The data is based on a single female driver, full coverage, and no additional discounts are factored in.
Comparison of auto insurance rates by age and gender in Louisville
The diagram below compares Ford Explorer insurance costs for male and female drivers. The premiums are based on no accidents or driving violations, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no other discounts are factored in.
Does it make sense to buy full coverage?
The illustration below illustrates the difference between Ford Explorer car insurance rates with full physical damage coverage and with liability coverage only. The data assumes no accidents or driving violations, $500 deductibles, single marital status, and no other discounts are factored in.
Are you wasting money on full coverage?
There is no exact formula for eliminating physical damage coverage, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more 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 pretend your Ford Explorer replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $5,000 after paying the physical damage deductible. If you are paying in excess of $500 a year for full coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where only buying liability is not advised. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
Don’t overlook these Ford Explorer insurance discounts
The cost of insuring your cars can be expensive, but you may find discounts that could help you make your next renewal payment. Some of these discounts will be visible when you get a quote, but less common discounts must be inquired about before being credited.
- Claim-Free Discount – Drivers with accident-free driving histories have much lower rates in comparison with frequent claim filers.
- Student in College – Any of your kids who attend college more than 100 miles from Louisville and don’t have a car may be insured at a cheaper rate.
- Air Bags and Passive Restraints – Options like air bags or automatic seat belts can get savings of 25 to 30%.
- Telematics Discount – People who choose to allow driving data collection to look at driving patterns by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system could save a few bucks as long as the data is positive.
- Good Students Pay Less – Excelling in school may save you up to 25%. Earning this discount can benefit you up to age 25.
- Discount for Home Ownership – Just owning your own home can save you money because maintaining a house demonstrates responsibility.
- Discount for Low Mileage – Low mileage vehicles can qualify you for cheaper rates.
- Early Signing – Some car insurance companies reward drivers for switching policies before your current expiration date. This discount can save up to 10%.
- Safe Driver Discount – Safe drivers can pay as much as 50% less compared to rates paid by drivers with frequent claims.
You should keep in mind that some credits don’t apply to the whole policy. The majority will only reduce specific coverage prices like liability, collision or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, it doesn’t quite work that way. But all discounts should help lower the premium cost.
The chart below shows the comparison of Ford Explorer auto insurance costs with and without some available policy discounts. The premium estimates are based on a female driver, no claims, a clean driving record, Kentucky state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-car, homeowner, multi-policy, and safe-driver discounts applied.
A few popular companies and some of the discounts include:
- Progressive policyholders can earn discounts including good student, online signing, multi-vehicle, multi-policy, homeowner, online quote discount, and continuous coverage.
- GEICO has discounts for seat belt use, anti-theft, air bags, military active duty, five-year accident-free, and multi-vehicle.
- State Farm offers discounts for safe vehicle, defensive driving training, student away at school, multiple autos, Drive Safe & Save, and Steer Clear safe driver discount.
- Esurance offers premium reductions for paid-in-full, claim free, safety device, anti-lock brakes, and Switch & Save.
- The Hartford offers discounts including driver training, good student, anti-theft, bundle, and vehicle fuel type.
Before you buy a policy, ask all companies you are considering what discounts are available to you. Some of the discounts discussed earlier might not be offered on policies in your state. To find providers that offer the discounts shown above in Kentucky, click here to view.
Independent versus exclusive car insurance agents
Certain consumers just prefer to sit down with an agent and that can be a smart move Insurance agents can help determine the best coverages and help submit paperwork. One of the best bonuses of comparing car insurance online is that you can obtain lower rates and still choose a local agent.
After completing this form (opens in new window), the coverage information is sent to companies in Louisville that can give you free Louisville auto insurance quotes for your coverage. It simplifies rate comparisons since you won’t have to even leave your home because prices are sent immediately to your email address. If you wish to quote rates for a specific company, just visit that company’s website and complete a quote there.
Finding a good insurance company requires you to look at more than just a cheap quote. Below are some questions you should ask.
- Does the quote include credit and driving reports?
- Can you contact them at any time?
- Do they specialize in personal lines coverage in Louisville?
- How long have they been in business?
- Does the agency have a positive business rating?
Choose the right car insurance agent
If you prefer to buy car insurance from a reliable insurance agency, you need to know there are two types of agencies and how they can service your needs differently. Agencies in Louisville can be classified as either independent agents or exclusive agents. Both can write car insurance policies, but it’s worth mentioning the difference between them since it can impact buying decisions.
Exclusive Insurance Agents
Exclusive insurance agents can only quote rates from one company like AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot place coverage with different providers so always compare other rates. Exclusive agents are well schooled on their company’s products which can be an advantage. Drivers often buy from the same agent for years primarily because of the brand name rather than having the cheapest rates.
The following is a list of exclusive insurance agents in Louisville who may provide you with price quotes.
- Richard White – State Farm Insurance Agent
2420 Lime Kiln Ln Ste E – Louisville, KY 40222 – (502) 326-9800 – View Map - Bob Savko – State Farm Insurance Agent
10839 Bluegrass Pkwy – Louisville, KY 40299 – (502) 499-7575 – View Map - Jeremy Graham – State Farm Insurance Agent
5438 New Cut Rd Ste 102 – Louisville, KY 40214 – (502) 368-6529 – View Map
Independent Insurance Agents
These agents are not employed by one company and that allows them to write policies with many different companies and find you the best rates. If they find a lower price, they simply move your policy to a different company and you stay with the same agent. If you need lower rates, we recommend you get rate quotes from a couple of independent agencies for the best price selection. They often place coverage with less well-known companies which may provide better rates.
Listed below is a short list of independent agents in Louisville who can help you get comparison quotes.
- Nationwide Insurance: Jerry Kays Insurance Inc
3701 Taylorsville Rd #1a – Louisville, KY 40220 – (502) 459-0833 – View Map - Family Select Insurance
6409 Dutchmans Pkwy – Louisville, KY 40205 – (502) 454-7283 – View Map - Corey Insurance Agency
3832 Taylorsville Rd #1 – Louisville, KY 40220 – (502) 473-7910 – View Map
Once you have good feedback for all questions you ask and an affordable coverage quote, you have narrowed it down to an insurance agent that is professional and can properly insure your vehicles. Just be aware that once you purchase a policy you can cancel your coverage any time you want so don’t think you are locked into any specific company for the full policy term.
One last thing to lower rates
Cheaper insurance in Louisville can be bought from both online companies and also from your neighborhood Louisville agents, and you should compare rates from both in order to have the best price selection to choose from. Some companies do not provide rates over the internet and many times these smaller companies prefer to sell through independent agents.
As you prepare to switch companies, never buy poor coverage just to save money. There are many occasions where drivers have reduced full coverage only to discover later that it was a big error on their part. Your focus should be to buy enough coverage for the lowest price, not the least amount of coverage.
Insureds who switch companies do it for any number of reasons including denial of a claim, being labeled a high risk driver, lack of trust in their agent or an unsatisfactory settlement offer. Regardless of your reason for switching companies, choosing a new insurance company can be less work than you think.
To learn more, feel free to visit the resources below:
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Who Has Cheap Car Insurance for a Hyundai Sonata in Louisville? (FAQ)
- Who Has Affordable Car Insurance for Unemployed Drivers in Louisville? (FAQ)
- Who Has the Cheapest Louisville Auto Insurance Rates with Multiple Speeding Tickets? (FAQ)
- Who Has the Cheapest Louisville Auto Insurance Rates for a Subaru Forester? (FAQ)
- Booster Seat Ratings (iihs.org)
- Frontal Crash Tests (iihs.org)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- What is Full Coverage? (Allstate)