Insurance rates Ford Explorer in Colorado SpringsDo you need a better way to compare the cheapest Ford Explorer insurance in Colorado Springs? I really doubt anyone looks forward to buying auto insurance, especially when they are aware that their premiums are too high.

A recent NerdWallet.com study revealed that the majority of drivers have purchased from the same company for more than four years, and nearly half have never compared rates to find affordable insurance. Drivers in the U.S. can cut their rates by as much as 47% a year, but most undervalue the benefits if they swap their current policy for a cheaper one. Since you have so many auto insurance companies to choose from, it can be diffult for drivers to find the best auto insurance company.

It's a great practice to do rate comparisons before your next renewal due to the fact that insurance prices are usually higher with each renewal. Despite the fact that you may have had the best price on Ford Explorer insurance in Colorado Springs a few years ago you will most likely find a better rate today. Forget all the misinformation about auto insurance because you're about to find out how to use the internet to find better coverage on Ford Explorer insurance in Colorado Springs at a better price.

Locating the best rates in Colorado Springs is much easier if you know where to start. If you have insurance now or just want cheaper rates, use these tips to reduce the price you pay without sacrificing coverage. Consumers only need an understanding of the tricks to compare different rates using one simple form.

Ford Explorer Insurance Price Factors

Part of the insurance buying process is learning some of the things that come into play when calculating the price you pay for insurance. If you have a feel for what influences your rates, this allows you to make good choices that could result in big savings.

The itemized list below are just a few of the factors utilized by car insurance companies to help set prices.

Liability insurance - Liability insurance kicks in in the event that you are found liable for physical damage or personal injury to other. Liability insurance provides legal defense to attempt to prove you were not liable. Liability is cheap compared to comp and collision, so drivers should make sure they buy enough to cover all assets.

Low mileage costs less - The more you drive your Ford in a year's time the higher your rates will be. Most companies calculate rates based on how the vehicle is used. Vehicles that sit idle most of the time can get a lower rate as compared to vehicles used primarily for driving to work. Make sure your insurance policy is showing the correct usage. A policy that improperly rates your Explorer may be costing you.

Location can influence price - Being located in a rural area can be a good thing when buying insurance. Less people living in that area means less chance of accidents and a lower car theft rate. Drivers who live in large Colorado cities have to deal with traffic congestion and much longer commute distances. Spending more time driving can result in more accidents.

Excellent credit scores equal low premiums - Your credit rating is likely to be a major factor in calculating your premium rate. People that have very high credit ratings tend to file fewer claims than drivers who have lower credit scores. So if your credit history is low, you could save money insuring your Ford Explorer by spending a little time repairing your credit.

Loss statistics for a Ford Explorer - Companies use historical loss data when determining insurance costs. Vehicles that tend to have higher prevalence or dollar amount of losses will have higher rates.

The table shown below demonstrates the insurance loss data used by companies for Ford Explorer vehicles. For each policy coverage type, the claim probability for all vehicles, without regard to make or model, is considered to be 100. Numbers below 100 suggest losses that are better than average, while numbers that are greater than 100 point to more claims or an increased probability of a larger loss.

Ford Explorer Insurance Loss Statistics

Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Ford Explorer 4dr 2WD 80 90 79 75 70 82
Ford Explorer 4dr 4WD 94 94 97 75 70 85
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

Getting a cheaper price on Ford Explorer insurance is an easy way to save money. Drivers just need to take time to compare rates to see which company has affordable Ford Explorer insurance quotes.

Getting quotes online is very simple and it makes it obsolete to call or drive to insurance agents' offices. Buying insurance online reduces the need to sit down with an agent unless you prefer the professional abilities that can only be provided by a licensed insurance agent. It is possible to compare online quotes but buy from a local insurance agent.

The companies in the list below have been selected to offer free quotes in Colorado. If multiple companies are listed, it's a good idea that you compare several of them to find the lowest auto insurance rates.

Ford Explorer Insurance Cost Estimates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $294 $440 $358 $22 $108 $1,222 $102
Explorer Eddie Bauer 2WD $190 $298 $396 $24 $118 $1,026 $86
Explorer XLT 4WD $130 $200 $338 $20 $100 $788 $66
Explorer XLT AWD $212 $342 $456 $28 $136 $1,174 $98
Explorer Eddie Bauer 4WD $210 $354 $474 $28 $142 $1,208 $101
Explorer Eddie Bauer AWD $306 $458 $352 $20 $106 $1,242 $104
Explorer Limited 2WD $226 $340 $362 $22 $108 $1,058 $88
Explorer Limited 4WD $216 $288 $460 $28 $138 $1,130 $94
Explorer Limited AWD $342 $546 $352 $20 $106 $1,366 $114
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium costs do not factor in garaging location in Colorado Springs which can increase or decrease auto insurance rates greatly.

Can higher deductibles save money?

One of the hardest decisions when shopping for auto insurance is how high should your deductibles be. The rates shown below approximate the differences in price of buying low and high physical damage coverage deductibles. The first data table uses a $250 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Ford Explorer insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $272 $376 $352 $20 $106 $1,151 $96
Explorer Eddie Bauer 2WD $272 $376 $352 $20 $106 $1,151 $96
Explorer XLT 4WD $272 $376 $352 $20 $106 $1,151 $96
Explorer XLT AWD $272 $376 $352 $20 $106 $1,151 $96
Explorer Eddie Bauer 4WD $306 $458 $352 $20 $106 $1,267 $106
Explorer Eddie Bauer AWD $306 $458 $352 $20 $106 $1,267 $106
Explorer Limited 2WD $306 $458 $352 $20 $106 $1,267 $106
Explorer Limited 4WD $306 $458 $352 $20 $106 $1,267 $106
Explorer Limited AWD $306 $458 $352 $20 $106 $1,267 $106
Get Your Own Custom Quote Go
Ford Explorer insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $168 $236 $352 $20 $106 $882 $74
Explorer Eddie Bauer 2WD $168 $236 $352 $20 $106 $882 $74
Explorer XLT 4WD $168 $236 $352 $20 $106 $882 $74
Explorer XLT AWD $168 $236 $352 $20 $106 $882 $74
Explorer Eddie Bauer 4WD $190 $288 $352 $20 $106 $956 $80
Explorer Eddie Bauer AWD $190 $288 $352 $20 $106 $956 $80
Explorer Limited 2WD $190 $288 $352 $20 $106 $956 $80
Explorer Limited 4WD $190 $288 $352 $20 $106 $956 $80
Explorer Limited AWD $190 $288 $352 $20 $106 $956 $80
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price information does not factor in Colorado Springs location which can raise or lower auto insurance rates considerably.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost in the ballpark of $25 more each month or $300 each year than opting for the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 30 months between claims, you would come out ahead if you opt for a higher deductible.

Auto insurance premiums by gender

The diagram below illustrates the difference between Ford Explorer insurance rates for male and female drivers. The premium estimates are based on a clean driving record, no claims, full physical damage coverage, $100 deductibles, marital status is single, and no policy discounts are applied.

Impact of violations and accidents on rates

The illustration below demonstrates how traffic citations and fender-benders can affect Ford Explorer auto insurance rates for different age groups of insureds. The premiums are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

Be skeptical of auto insurance ads

Colorado drivers get pounded daily by advertisements for auto insurance savings by companies like GEICO, State Farm and Progressive. All the ads convey the message about saving some big amount just by moving your coverage to them.

But how can every company give you a lower rate on Ford Explorer insurance in Colorado Springs? Here is the trick they use.

All the different companies have a certain "appetite" for the type of insured that will add to their bottom line. For instance, this type of insured might be over the age of 50, has had continuous coverage, and has excellent credit. Any new insured that matches those criteria is entitled to the best price and will most likely save money with a new company.

Potential customers who do not match these stringent criteria will see higher prices and ends up with business going elsewhere. If you listen to the ad wording, they say "drivers who switch" not "everyone who quotes" save that kind of money. That's the way insurance companies can confidently make the claims of big savings. This illustrates why you really need to compare quotes as often as possible. It's just not possible to know which auto insurance company will be your best fit.

Buying the right Ford Explorer insurance in Colorado is an important decision

Despite the high insurance cost for a Ford Explorer in Colorado Springs, paying for insurance may be mandatory for several reasons.

The benefits of insuring your Explorer definitely exceed the price paid, especially if you ever need it. According to a survey of 1,000 drivers, the average driver overpays as much as $800 each year so compare rates each time the policy renews to help ensure money is not being wasted.

Do you qualify for discounts on Ford Explorer insurance in Colorado Springs?

Companies do not advertise every policy discount very clearly, so the next list breaks down some of the best known and the harder-to-find ways to save on auto insurance.Discount auto insurance

We need to note that many deductions do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like you would end up receiving a 100% discount, it's just not the way it works.

The best auto insurance companies and their offered discounts can be read below.

If you need lower rates, check with each company the best way to save money. A few discounts may not apply to policyholders everywhere. To find insurers who offer online Ford Explorer insurance quotes in Colorado, click here.

Buying insurance from Colorado Springs car insurance agents

Many drivers would rather sit down and talk to an agent and that is OK! Licensed agents are highly skilled in risk management and help in the event of a claim. A good thing about getting online price quotes is you may find the best rates but also keep your business local.

Insurance agents in Colorado SpringsAfter filling out this quick form, your insurance coverage information is submitted to companies in Colorado Springs who will gladly provide quotes and help you find cheaper coverage. You won't need to find an agent on your own since rate quotes are delivered directly to your email. In the event you want to get a comparison quote from a specific insurance provider, just search and find their rate quote page and submit a quote form there.

Picking an company requires more thought than just the premium amount. Any agent in Colorado Springs should be forthright in answering these questions:

Pick the best auto insurance agent in Colorado Springs for you

When researching a local Colorado Springs insurance agency, it's important to understand the types of insurance agents to choose from. Colorado Springs agents are categorized either exclusive agents or independent agents. Either one can handle insurance, but it's worth mentioning how they differ because it can influence the selection process.

Exclusive Insurance Agencies

Agents in the exclusive channel work for only one company and examples are AAA, Allstate, and State Farm. These agents are not able to provide other company's prices so always compare other rates. Exclusive agencies are usually quite knowledgeable on sales techniques which helps overcome the inability to quote other rates.

Shown below are Colorado Springs exclusive insurance agencies who can help you get rate quotes.


4549 Austin Bluffs Pkwy - Colorado Springs, CO 80918 - (719) 596-8812 - View Map

Jeff Schmidt - State Farm Insurance Agent
1230 Tenderfoot Hill Rd Ste. 200 - Colorado Springs, CO 80906 - (719) 445-0070 - View Map

Larry Lucero - State Farm Insurance Agent
5225 Academy Blvd N #108 - Colorado Springs, CO 80918 - (719) 599-8661 - View Map

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Independent Insurance Agents

Agents that choose to be independent can sell policies from many different companies and that is an advantage because they can write policies with an assortment of companies enabling the ability to shop coverage around. If you want to switch companies, your agent can just switch to a different company and you don't have to switch agencies. If you are comparing insurance prices, we recommend you include several independent insurance agents to ensure the widest selection of prices.

Shown below are Colorado Springs independent insurance agents willing to provide rate quotes.


1837 Austin Bluffs Pkwy #101 - Colorado Springs, CO 80918 - (719) 268-1300 - View Map


4390 Academy Blvd N - Colorado Springs, CO 80918 - (719) 329-4441 - View Map


5585 Erindale Dr #107 - Colorado Springs, CO 80918 - (719) 528-1884 - View Map

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Insurance can get complicated

When it comes to choosing the best insurance coverage, there isn't really a perfect coverage plan. Your needs are unique to you and your insurance should be unique as well.Insurance savings For instance, these questions could help you determine if you might need professional guidance.

If it's difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It is quick, free and can help protect your family.

Compare but don't skimp

As you quote Colorado Springs auto insurance, it's not a good idea to skimp on coverage in order to save money. Too many times, consumers will sacrifice collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to get the best coverage possible at an affordable rate while still protecting your assets.

We covered a lot of techniques to shop for Ford Explorer insurance online. The key concept to understand is the more rate quotes you have, the higher the chance of saving money. Consumers may even find the best price on car insurance is with a small mutual company. These companies may have significantly lower rates on certain market segments as compared to the big name companies such as Allstate and Progressive.

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