Who Has Cheap Insurance for a Ford Explorer in Colorado?

Our editors keep telling us that when writing about auto insurance, the word “cheap” shouldn’t be used anywhere in the article to describe car insurance rates. Despite the oxymoron, cheap auto insurance for a Ford Explorer is almost non-existent. Don’t let that bother you, though, because we are going to tell you how you can quote and buy car insurance that doesn’t break your budget.

Your odds of finding cheap insurance for a Ford Explorer in Colorado hinges on a lot of things such as your financial responsibility, whether or not you have prior claims, and if your driving record is clean. Drivers on average will pay $920 each year to buy Ford Explorer insurance, but that figure is a projection based upon a 50-year-old married female driver with both comprehensive and collision coverage and $250 physical damage deductibles.

There is a good possibility you are not exactly 50 years old and possibly not even female, you might be single instead of married, or maybe your Explorer doesn’t need full coverage. Car insurance coverage is unique to each driver, so this is why the best way to quote the cheapest insurance price for your Ford is to shop your policy around every couple of years. Get a free quote now and you will be able to compare rates from some of the best insurers in Colorado.

Cheapest Ford Explorer Insurance Rates

The trim level of your Ford will have an impact the insurance rate, so the price you will be charged to insure a Explorer XLT 2WD model will be $96 cheaper than the price to insure the more costly Explorer Limited AWD model, as shown in the chart below.

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in vehicle location which can affect premiums significantly.

Deciding which companies offer the cheapest car insurance rates for a Ford Explorer will involve a little more work in order to find the lowest price quote. Each insurer has their own unique process to determine rates, so let’s take a look at the car insurance companies that tend to be cheaper in Colorado.

It’s a good idea to know that Colorado car insurance rates are influenced by many factors that may substantially change the cost of your policy. Improving your credit score, having a teenage driver, or having a fender bender can trigger price changes that can make some companies more affordable than competitors.

Cheapest Insurance Rates for Your Explorer

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The Hartford quotes some of the lowest car insurance rates in Colorado at around $859 each year. Grange, USAA, Nationwide, and Auto-Owners would also be considered some of the best Colorado car insurance companies.

As shown in the table above, if you currently have coverage with Auto-Owners and switched to Grange, you could realize savings of in the neighborhood of $207. Policyholders with Travelers may save as much as $234 a year, and GEICO policyholders might lower prices by up to $238 a year.

To see if you’re overpaying, click here or visit any of the companies below.

Bear in mind that those premium estimates are averages across all ages of drivers and types of vehicles and do not factor in a specific rate factor for a Ford Explorer. So the auto insurance company that has the cheapest rates for you may not even be shown in the list above. That’s why you need to compare prices as often as possible using your own specific driver information and vehicle.

Difference between full coverage and liability only rates

Finding cheap insurance for a Ford Explorer in Colorado is the goal of the majority of vehicle owners, and one of the quickest ways to buy cheap insurance is to buy only liability coverage. The chart below shows the difference between car insurance rates with and without physical damage coverage. The rates are based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no other discounts are factored in.

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As an average for all age groups, full coverage on your policy costs $2,035 per year over and above liability coverage. That amount may make you wonder when is the right time to remove full coverage. There is no definitive rule for excluding physical damage insurance, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

Which car insurance company is best?

When shopping for insurance for an Explorer in Colorado, some of the first companies to look at are Geico, Progressive, Allstate, and State Farm. When added together, they make up 48.5% of the entire U.S. auto insurance market. All of them have slightly different options that add value to each policy. The following table compares and contrasts price and claims rank as well as some different options shoppers can find with each company.

How to get cheap insurance for a Ford Explorer in Colorado

The list below summarizes many penny-pinching suggestions that can help Colorado drivers find cheap car insurance.

• Safer vehicles cost less to insure
• Prevent price hikes by avoiding at-fault accidents
• Pay lower rates with good credit
• Drop full coverage on older vehicles
• Increase your physical damage deductibles
• Maintain a clean driving record
• Check for cheaper rates once a year

That last piece of advice is incredibly crucial, as was discussed in the article above. Coverage prices in Colorado fluctuate constantly, so don’t be tentative to buy a policy from a new company if you can find a cheaper rate.

Having brand loyalty is commendable, but we do not recommend it if that faithfulness ends up costing you hundreds every year. In less than five minutes you could compare prices and find cheaper auto insurance for a Ford Explorer.

Who has the cheapest Ford Explorer insurance quotes?

There are many ways to compare cheaper car insurance rates in Colorado, but the most popular methods are through an independent or non-exclusive agent, an exclusive insurance agency such as Allstate or Auto-Owners, or buying direct from a company like Progressive or Geico. They all follow the same basic process, but buyers need to know the differences in how they provide price quotes.

Independent agents write business for many companies and can get rate quotes from all of them. Agents of this type are usually affiliated with several companies and can provide you with more rate quotes, which can give you a better chance of finding cheaper coverage. If a cheaper rate is found, your policy can be moved which requires no work on your part.

Exclusive agencies are only able to write business for a single insurance company, two of the more popular are an Auto-Owners or State Farm agent. They generally cannot quote prices from more than just one company, so if the price isn’t competitive there isn’t much they can do.

The final way is buying direct, which means you forego an exlusive or independent agent and instead shop from a direct company like Esurance. Shopping direct may be preferred by families who do not need advice for asset protection and know what coverages they need.

Which way works best for finding cheap insurance for a Ford Explorer in Colorado? We would first guess that buying from a direct company results in the cheapest rates because there is no agent involved, but unfortunately, that is not the case. An argument could also be made that an independent agent results in the cheapest rates since there are more companies to choose from, but that is not accurate either. In many cases, the exclusive agents may have prices that are well below what direct and independents offer.

Because it’s impossible to say who has the best car insurance rates, the guaranteed way to get the cheapest rates is to get quotes and compare. We recommend you get price quotes from all three to have a good selection of rates to choose from. For a list of companies offering online discounts in Colorado, click here to view.