Cheapest Insurance Quotes for a Ford Explorer in Minnesota

Whether or not you can find the cheapest insurance for a Ford Explorer in Minnesota depends upon a complex equation that considers factors like if you are a renter or homeowner, whether or not you garage your vehicle, and if you had any at-fault accidents in the last few years. Drivers in Minnesota pay on average $860 each year to buy insurance for a Ford Explorer, but that is an approximation using rate data for a 40-year-old single male that has full comprehensive and collision coverage and $1,000 policy deductibles.

When making auto insurance estimates, the issue arises that you aren’t exactly 40 years old or even a male, maybe you are married instead of single, or maybe you rent instead of own your home. What seems to be a minor change in the criteria used to calculate rates can result in a massive change in how much coverage for a Ford Explorer costs.

Everone’s needs are different, and this illustrates why the best way to find the cheapest insurance price for your Ford is to compare as many rates as you can. Quotes only take a couple of minutes and you will get price quotes from some of the most affordable companies in Minnesota.

Insure Your Ford for Less

The trim level of your vehicle will influence price, so the price to insure a Explorer XLT 2WD trim level will be $72 cheaper than the cost to insure the more expensive Explorer Limited AWD model, as shown in the prices below.

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Prices do not factor in zip code location which can increase or decrease auto insurance rates substantially.

Insuring your vehicle with the top insurer can be rather challenging considering how many companies are available to choose from in Minnesota. The rank data shown below could help you pick which car insurance companies you want to consider when trying to find cheaper insurance for a Ford Explorer.

The ratings below are only comprised of companies that insure vehicles across America, so companies that may only write in Minnesota are not factored into the list. To get rate quotes from these top insurers and more, simply click here.

Top 10 Large Car Insurance Companies in Minnesota Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. Liberty Mutual
5. State Farm
6. Allstate
7. Safeco Insurance
8. Travelers
9. 21st Century
10. Nationwide

Top 10 Large Car Insurance Companies in Minnesota Ranked by A.M. Best Rating

1. USAA – A++
2. Travelers – A++
3. State Farm – A++
4. GEICO – A++
5. Nationwide – A+
6. Esurance – A+
7. The Hartford – A+
8. Progressive – A+
9. Allstate – A+
10. The General – A-

Top Companies for Ford Explorer Insurance in Minnesota

Comparison of full coverage and liability-only policies

Finding the cheapest insurance for a Ford Explorer in Minnesota should be important to most people, and one great way to lower the cost of insurance is to not buy comprehensive and collision coverage. The example below shows the difference between premium costs with liability coverage only compared to full coverage. The rates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 2517,1129],[‘Age 30’, 1347,621],[‘Age 40’, 1299,575],[‘Age 50’, 1191,539],[‘Age 60’, 1157,529],[‘Age 70’, 1441,707]]);var options = {title: ‘Savings of Only Insuring for Liability’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Ford Explorer in Minnesota’,minValue: 0,format: ‘$###,###’},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);}

Averaged for all age groups, comprehensive and collision coverage on your policy costs an additional $1,492 per year more than just buying liability only. That is a big expense that brings up the question when is the right time to remove full coverage. There is no clear-cut formula of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your vehicle’s replacement cost is $11,500 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $10,500 after paying your deductible. If you are currently paying more than $1,050 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are a few cases where removing full coverage is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

The information below highlights how deductible choice can increase or decrease annual premium costs when searching for cheap insurance for a Ford Explorer. The premium estimates are based on a married male driver, full coverage, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2943,2705,2437,2181],[‘Age 30’, 1553,1427,1275,1129],[‘Age 40’, 1497,1379,1241,1109],[‘Age 50’, 1367,1261,1137,1017],[‘Age 60’, 1341,1237,1115,997],[‘Age 70’, 1541,1429,1301,1177]]);var options = {title: ‘Deductible Levels and Ford Explorer Insurance Rates in Minnesota’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Ford Explorer’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 40-year-old driver could lower their car insurance rates by $230 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $350 by using a $1,000 deductible. Young drivers, like the 20-year-old, can save as much as $762 every year by using a higher deductible.

If you do raise deductibles, it will be important to have additional savings on hand to be able to pay the extra out-of-pocket expense associated with higher deductibles.