How Much is Insurance for a Ford Explorer in Oklahoma?

Finding cheap coverage for a Ford Explorer in Oklahoma relies on a calculation that uses factors such as your gender, your credit rating, and if you had any at-fault accidents in the last few years. Oklahoma drivers will pay around $1,380 every 12 months to insure their Explorer, but that rate is a projection rating a 40-year-old single male driver who requires full coverage including both comprehensive and collision and $500 physical damage deductibles.

But there is a high likelihood that you are not exactly 40 years old and possibly not even male, possibly married instead of single, or maybe your Oklahoma zip code is rated higher than the example. Having the smallest difference in rating criteria can result in a big discrepancy in the cost of coverage for a Ford Explorer.

This demonstrates why the best way to find cheap insurance rates for your Ford is to make a habit of regularly comparing rates from other companies.

Compare Ford Explorer Insurance Rates

Your Ford’s trim level will influence the insurance rate, so the price you will be charged to insure a Explorer XLT 2WD model will be $132 cheaper than the insurance cost for the more well-appointed Explorer Limited AWD model, as demonstrated by the prices below.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Premium amounts do not factor in Oklahoma location which can alter insurance rates substantially.

Deciphering which companies quote the most affordable insurance rates for a Ford Explorer may require a bit more work in order to find coverage that fits your buget. Every insurance company uses a little different formula for establishing rates, so let’s rank the insurance companies with the overall cheapest rates in Oklahoma.

It’s important that you understand Oklahoma insurance rates are determined by lots of factors that will increase or decrease the price you pay. Turning one year older, marrying your spouse, or getting a speeding ticket may cause policy rate changes that can now make some companies much cheaper than others.

Best Car Insurance Prices for Your Explorer

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Oklahoma Farmers Union may have some of the best car insurance rates in Oklahoma at around $1,166 each year. USAA, GEICO, The Hartford, and Farmers are also some of the lowest-priced Oklahoma auto insurance companies.

As illustrated above, if you are insured with Farmers and switched to USAA, you could see yearly savings of about $209. Policyholders with Safe Auto might save as much as $234 a year, and State Farm customers might see rate reductions of $383 a year.

Be aware that those policy rates are averaged across all drivers and vehicles in Oklahoma and and are not calculated with a specific rate value for a Ford Explorer. So the auto insurance company that fits your needs best may not even be shown in the list of companies above. That helps illustrate why you need to get quotes using your own specific driver information and vehicle.

Full coverage or liability only

Finding cheap insurance for a Ford Explorer in Oklahoma is probably important to the majority of drivers, and a good way to buy cheaper insurance is to only pay for liability coverage. The illustration below compares car insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on no driving violations, no at-fault accidents, $250 deductibles, single status, and no discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 4395,1585],[‘Age 30’, 2337,867],[‘Age 40’, 2281,803],[‘Age 50’, 2077,751],[‘Age 60’, 2007,739],[‘Age 70’, 2451,989]]);var options = {title: ‘Full Coverage Compared to Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Ford Explorer in Oklahoma’,minValue: 0,format: ‘$###,###’},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);}

If we average the cost for ages 20 through 70, comp and collision coverage costs $2,591 per year more than just buying liability insurance. At some point, about every driver wonders if buying full coverage is worth the money. There is no set rule of when 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 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

The illustration below shows how choosing a deductible can impact yearly insurance costs when trying to find cheap insurance for a Ford Explorer. The premiums assume a married male driver, comprehensive and collision coverage, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4597,4191,3741,3311],[‘Age 30’, 2427,2209,1957,1713],[‘Age 40’, 2323,2127,1895,1671],[‘Age 50’, 2121,1943,1735,1535],[‘Age 60’, 2079,1903,1699,1503],[‘Age 70’, 2381,2189,1973,1769]]);var options = {title: ‘Effect of Higher Deductibles on Ford Explorer Insurance Rates in Oklahoma’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Ford Explorer’,minValue: 0,format: ‘$###,###’},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);}

A 40-year-old driver could save $386 a year by switching from a $100 deductible to a $500 deductible, or save $586 by changing to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could potentially save up to $1,286 each year just by choosing higher deductibles when buying full coverage.

When increasing deductibles, it is a good idea to have plenty of savings on hand to satisfy the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

How to find economical car insurance for a Ford Explorer

Below you’ll find some of the better penny-pinching suggestions that can help you locate the cheapest coverage.

• Do not insure for full coverage
• Good credit can save money
• Raise deductibles
• Do not get traffic citations
• Buy vehicles with five-star safety ratings
• Do not get into accidents
• Comparison shop at least once a year

That last idea is extremely significant, as was affirmed in the prior information. Prices charged by car insurance companies change frequently, so don’t be tentative to buy a policy from a new company if a better deal can be had. Many consumers stick with the same company and that’s fine, but it’s not recommended if that faithfulness ends up costing you several hundred dollars every year. If you have a few minutes, now is a great time to compare rates to find cheaper auto insurance for a Ford Explorer.

State Farm, Allstate, Progressive, and Geico compared

When it comes to insurance for an Explorer, the most popular companies are State Farm, Allstate, Progressive, and Geico. Between them, they insure over 45% of all vehicles in the U.S.. All offer your standard physical damage and liability coverages, but each one has slightly different coverage options that buyers can choose from. The table below compares and contrasts ratings and policy coverage options you can expect with each one.