Cheap Insurance for a Ford Explorer in Arkansas

The likelihood of finding the best cheap coverage for a Ford Explorer in Arkansas depends on a fairly complex equation with a lot of factors such as whether you are married, the likelihood of vehicle theft, and any prior driving offenses. Drivers in Arkansas pay on average $950 a year to buy insurance for a Ford Explorer, but that cost is a ballpark figure calculated using a 40-year-old single female that wants full physical damage coverage and $1,000 policy deductibles.

Chances are good that you may not be 40 years old (or even female), you might be married instead of single, or maybe you prefer liability limits higher than required by Arkansas state law. Every auto insurance policy is unique to the driver, so your best shot at finding affordable rates for your Ford is to do your own rate comparisons.

Compare Ford Explorer Insurance Rates

The trim level of your Explorer can impact the cost of coverage, so the rate you will pay to insure a Explorer XLT 2WD will be $76 lower than the insurance cost for the more well-appointed Explorer Limited AWD trim level, as shown by the rates below.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arkansas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium amounts do not factor in specific garaging location which can alter prices considerably.

Finding the best car insurance company is hard considering how many different companies insure vehicles in Arkansas. The rank data shown below could help you pick which companies you want to consider to insure your vehicles. These rankings include the companies with a significant amount of written premium nationwide, so companies with more of a regional focus are not taken into consideration for this list.

Discount Arkansas car insurance

Insurance providers that sell cheap insurance for a Ford Explorer in Arkansas may also offer rate discounts that could lower prices by as much as 25% or more if you are eligible. A list of companies and some of the premium reductions they offer can be found below.

• State Farm has discounts for passive restraint, driver’s education, Steer Clear safe driver discount, multiple autos, and safe vehicle.
• GEICO has savings for driver training, multi-policy, daytime running lights, federal employee, good student, and seat belt use.
• Allstate discounts include early signing, premier discount, economy car, eSmart discount, anti-lock brakes, and auto/life discount.
• SAFECO includes discounts for anti-lock brakes, homeowner, accident prevention training, multi-car, and anti-theft.
• Farm Bureau may offer discounts for good student, driver training, renewal discount, safe driver, 55 and retired, multi-policy, and youthful driver.
• Progressive policyholders can earn discounts including multi-vehicle, homeowner, online quote discount, good student, multi-policy, continuous coverage, and online signing.
• AAA offers discounts including anti-theft, good driver, multi-car, AAA membership discount, and pay-in-full.

The example below illustrates the difference between insurance costs with and without discounts being applied to the rates. The rates are based on a female driver, no claims, a clean driving record, Arkansas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with marriage, accident-free, multiple policy, defensive driving course, homeowner, and anti-theft discounts applied. When these discounts are applied, the average amount saved each year on auto insurance for a Ford Explorer is 28% or $515.

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Liability rates compared to full coverage

Finding cheap insurance for a Ford Explorer in Arkansas is important to most people, and one good way to lower the cost of insurance is to not buy full coverage. The information below visualizes the comparison of annual premium costs with full phyical damage coverage and with liability coverage only. The premiums are based on no claims or violations, $1,000 deductibles, marital status is single, and no discounts are applied.

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If averaged for all ages, comprehensive and collision coverage on your policy costs $1,594 per year more than carrying just liability coverage. At some point, about every driver wonders if buying full coverage is a waste of money. There is no specific rule for dropping physical damage insurance, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your vehicle’s settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after paying your policy deductible. If you are paying over $400 a year for full coverage, then it might be time to consider dropping full coverage.

How to find economical insurance for a Ford Explorer

It’s not impossible to find cheaper rates, and here are some of the recommended thrifty ideas that can help Arkansas drivers buy low-cost coverage.

• Be a safe driver
• Avoid at-fault accidents and claims
• Better credit rating means better rates
• Save money by only buying liability coverage for older vehicles
• Choose a safer vehicle and pay lower rates
• Increase deductibles to save money
• Shop around for cheaper prices

That final tip is certainly necessary, as we stressed in this write-up. Auto insurance prices change a lot, so drivers shouldn’t be reluctant to buy from a different company if a more affordable price is available.

We understand brand loyalty, but is isn’t recommended if that devotedness results in you overpaying potentially thousands of dollars a year. Now is a great time to compare rates to find cheaper insurance for a Ford Explorer.

Progressive, State Farm, Allstate, and Geico: Who is cheapest?

If you’re looking for the best insurance for an Explorer, the companies that insure more vehicles than anyone else are Progressive, State Farm, Allstate, and Geico. When combined, they have about half of the entire U.S. car insurance market. They all have the same basic coverages, but each one has slightly different coverages and options that can influence your buying decision. The following table illustrates some of the different options and features offered by each one.