Cheapest Insurance Quotes for a Ford Explorer in Louisiana

The odds of finding affordable coverage for a Ford Explorer in Louisiana depends upon an enormous amount of rating factors such as whether you are married, your credit rating, and deductible levels for physical damage coverage. Drivers will pay on average $1,360 every 12 months for Explorer insurance, but that amount is a valuation using rate data for a 40-year-old married male driver that has comprehensive and collision coverage and $250 physical damage deductibles.

There is a good chance you are not a 40-year-old male, maybe you are single instead of married, and maybe you want different deductibles. Having what appears to be a very minor change in rating factors or requested coverage amount can cause big differences in rates.

Everyone has different rating factors, so the best way to quote the cheapest rates for your Ford is to make a habit of regularly comparing rates from other companies.

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The specific model of Explorer impacts the yearly cost, so the cost to insure a Explorer XLT 2WD trim level will be $140 less than the price to insure the more well-appointed Explorer Limited AWD model, as demonstrated by the prices below.

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rates do not factor in garaging location in Louisiana which can change rates greatly.

Buying coverage from the best insurance provider can be difficult considering how many choices drivers have in Louisiana. The company ratings shown below could help you pick which insurers you want to consider buying from. These ratings include the largest companies in America, so smaller companies that only insure vehicles in Louisiana are not included in the list.

Top 10 Major Car Insurance Companies in Louisiana Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Progressive – 88%
5. Safeco Insurance – 88%
6. State Farm – 88%
7. Allstate – 88%
8. The Hartford – 87%
9. GEICO – 87%
10. 21st Century – 84%

Top Companies for Ford Explorer Insurance in Louisiana

The diagram below illustrates how choosing a deductible can change insurance prices when getting quotes for cheap insurance for a Ford Explorer. The rates are based on a single female driver, comprehensive and collision coverage, and no policy discounts are applied.

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A 40-year-old driver could lower rates by $458 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $694 by choosing a $1,000 deductible. Even younger insureds, like the 20-year-old category, can save $1,154 or more by choosing a larger deductible amount. If you do make the decision to raise your deductibles, it is a good idea to have additional funds squirreled away to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Cost of full coverage in Louisiana

Finding the cheapest insurance for a Ford Explorer in Louisiana is probably important to most people, and one of the best ways to pay lower rates for insurance is to buy liability only. The illustration below shows the comparison of yearly insurance costs with full phyical damage coverage and with liability coverage only. Data assumes no violations or claims, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 3959,1641],[‘Age 30’, 2095,897],[‘Age 40’, 2039,831],[‘Age 50’, 1861,777],[‘Age 60’, 1807,765],[‘Age 70’, 2241,1025]]);var options = {title: ‘Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Ford Explorer in Louisiana’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

As an overall average, physical damage insurance costs an extra $2,334 per year over having just liability coverage. That may make you wonder if it’s a good idea to buy full coverage. There is no set rule to eliminate physical damage coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than around 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let’s pretend your vehicle’s replacement value is $11,500 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $10,500 after paying the physical damage deductible. If premium cost is more than $1,050 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.