Finding the cheapest auto insurance for a Ford Explorer in Nevada relies on a complicated rating formula that uses factors such as when you were born, the performance level of your vehicle, and violations on your driving record. Nevada drivers pay around $1,029 annually for Explorer insurance, but that price is a projection using a 30-year-old married male driver with full coverage and $100 deductibles.
Odds are that you’re not a 30-year-old male, possibly single instead of married, or maybe you rent instead of own your home. Everyone has unique insurance needs, and this illustrates why the best way to find cheap auto insurance rates for your Ford is to put in the effort to do a thorough rate comparison. Quotes only take a couple of minutes and you will be able to compare rates from the best companies that insure vehicles in Nevada.
The trim level of your Ford will be a contributing factor to the cost of insurance, so the cost to insure a Explorer XLT 2WD model will be $118 cheaper than the insurance cost for the more expensive Explorer Limited AWD version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$266||$394||$308||$18||$92||$1,078||$90|
|Explorer Eddie Bauer 2WD||$266||$394||$308||$18||$92||$1,078||$90|
|Explorer XLT 4WD||$266||$394||$308||$18||$92||$1,078||$90|
|Explorer XLT AWD||$266||$394||$308||$18||$92||$1,078||$90|
|Explorer Eddie Bauer 4WD||$300||$478||$308||$18||$92||$1,196||$100|
|Explorer Eddie Bauer AWD||$300||$478||$308||$18||$92||$1,196||$100|
|Explorer Limited 2WD||$300||$478||$308||$18||$92||$1,196||$100|
|Explorer Limited 4WD||$300||$478||$308||$18||$92||$1,196||$100|
|Explorer Limited AWD||$300||$478||$308||$18||$92||$1,196||$100|
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can modify prices noticeably.
Figuring out which companies quote the lowest-priced car insurance rates for a Ford Explorer will take a bit more effort than just picking a company at random. Every insurance company uses different criteria for determining prices, so let’s take a look at the overall cheapest car insurance companies in Henderson.
Best Auto Insurance Prices for Your Explorer
|Rank||Company||Cost Per Year|
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Allied quotes some of the best car insurance rates in Henderson at around $921 each year. Travelers, Capital, Oregon Mutual, and American Family also qualify as some of the most economical Henderson, NV car insurance companies.
As the example above demonstrates, if you buy coverage from Travelers and switched to Allied, you could realize yearly savings of upwards of $18. Drivers with Capital might save as much as $57 a year, and Oregon Mutual insureds might see rate reductions of $226 a year.
To find cheaper insurance rates for your vehicle, click here to get quotes or visit any of the companies below.
It’s important to note that these policy rates are averaged across all drivers and vehicles and and are not calculated with an exact vehicle garaging location for a Ford Explorer. So the insurer that fits your situation best may not even be in the top 20 companies in the list above. That point stresses why you need to compare rates from multiple companies using your own personal information and vehicle type.
Types of discounts on Henderson auto insurance rates
Car insurance companies that provide coverage for a Ford Explorer could also offer special discounts that can reduce rates by 30% or more if you meet specific criteria. Large car insurance companies and their possible discounts are:
- State Farm has savings for Drive Safe & Save, driver’s education, good student, good driver, multiple policy, and Steer Clear safe driver discount.
- Farmers Insurance has discounts for pay in full, switch companies, early shopping, youthful driver, and multi-car.
- Progressive discounts include good student, continuous coverage, multi-vehicle, online quote discount, online signing, and homeowner.
- GEICO offers discounts including emergency military deployment, multi-policy, daytime running lights, driver training, multi-vehicle, defensive driver, and anti-theft.
- Auto-Owners Insurance offers premium reductions for anti-theft, teen driver, paid in full, company car, and safe driver.
- The Hartford may offer discounts for anti-theft, good student, bundle, defensive driver, air bag, and driver training.
- Farm Bureau offers discounts for good student, youthful driver, 55 and retired, safe driver, renewal discount, and driver training.
- USAA includes discounts for driver training, family discount, safe driver, multi-vehicle, and military installation.
The illustration below illustrates the difference between premium costs with and without discounts applied. The premium estimates are based on a male driver, no accidents or driving violations, Nevada state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with safe-driver, accident-free, defensive driving course, claim-free, vehicle safety, and anti-theft discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on car insurance for a Ford Explorer is 28% or $539.
Difference between liability only and full coverage rates
Saving money when shopping for car insurance is important to most vehicle owners, and an easy way to find cheaper insurance for a Ford Explorer is to not insure for full coverage. The chart below visualizes the comparison of yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Nevada. Data assumes no claims or driving citations, $250 deductibles, drivers are not married, and no other discounts are factored in.
If we average the cost for all age groups, full coverage costs an additional $1,958 per year more than carrying just liability coverage. At some point, about every driver wonders if physical damage coverage is worth the money. There is no set guideline to exclude physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
There are some cases where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should maintain full coverage.
A good deal can quickly turn bad
Henderson, NV car insurance rates are influenced by many factors that can increase your annual premium. Improving your credit score, having a teen driver, or getting a speeding ticket can produce rate changes that can cause some rates to be cheaper in comparison to the competition. Not only may things change on your end, but insurance companies change rates without warning to adjust for gains or losses. An extended period of higher than normal claims may result in additional price hikes, while better underwriting may result in cheaper Explorer insurance rates.
To help illustrate this point, the graph below analyzes the cheapest car insurance in Henderson, NV for a 40-year-old female driver with no accidents or violations, and great credit. If we compare prices based on her current risk profile, Travelers quotes the most affordable car insurance rates in Henderson at $1,432 a year. This is $142 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family are the rest of the cheapest Henderson, NV auto insurance companies.
The next chart shows rates after we give the driver from the above example a claim surcharge, slightly worse credit, and a few traffic violations. Because every insurance company has a proprietary method for determining rates in each state, getting updated rate quotes could result in a substantially altered list of companies as shown below.
GEICO now has the cheapest rate in Henderson, NV with USAA, Safeco, Nationwide, and Allied also having competitive pricing. This demonstrates why Nevada drivers need to compare many different companies to get the most economical car insurance quotes for a Ford Explorer.
Rates consist of many factors and can decrease or increase without notice, so the cheapest option three years ago may now be one of the higher cost companies.
How to find low-cost auto insurance for a Ford Explorer
The list below details a few thrifty ideas that can help Henderson drivers get cheap coverage.
- Be a cautious driver
- Buy vehicles with good safety ratings
- Increase your policy deductibles
- Higher credit scores may earn you cheaper rates
- Prevent rate increases by staying accident-free
- Compare rates and switch if you can find a better deal
The last tip in the list is extraordinarily important, as we hit on in this write-up. Rates in Henderson adjust frequently, so don’t be hesitant to buy from a different company if you can find a cheaper rate. Many drivers have brand loyalty and that’s fine, but is isn’t recommended if that loyalty ends up costing a lot of money every month. Take a couple minutes and compare rates to find cheaper insurance for a Ford Explorer.