Cheapest Ford Explorer Insurance in Buffalo

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Insurance rates Ford Explorer in BuffaloHaving to pay for pricey auto insurance in Buffalo can drain your savings and put a big crunch on your finances. Doing a rate analysis can lower your rates and help to ensure you are getting the best deal.

Unimaginable but true, the vast majority of consumers kept their coverage with the same auto insurance company for well over three years, and just under half have never compared rate quotes at all. Buffalo consumers could save an average of $840 each year, but most just don't grasp how much they could save if they moved their coverage to a different company. Consumers have many auto insurance companies to pick from, and even though it's nice to have a choice, more choices can make it harder to find the lowest rates for Ford Explorer insurance in Buffalo.

It's a great practice to take a look at other company's rates at least once a year because auto insurance rates change quite often. Even if you think you had the best deal on Ford Explorer insurance in Buffalo six months ago other companies may now be cheaper. Ignore everything you know about auto insurance because we're going to demonstrate the things you must know in order to properly buy coverages while reducing your premium.

The quickest way to compare rate quotes for Ford Explorer insurance in Buffalo is to know all the major auto insurance companies allow for online access to give you rate quotes. The only thing you need to do is provide information such as if you're married, how you use your vehicles, if the car is leased, and level of coverage desired. That information gets sent immediately to multiple top-rated companies and you will receive price estimates instantly to find the best rate.

To check Ford Explorer insurance prices now, click here and see if a lower rate is available in Buffalo.

The companies in the list below can provide price quotes in New York. If you want to find cheap auto insurance in NY, we suggest you visit two to three different companies to get the best price comparison.

Auto insurance statistics for a Ford Explorer

The data table displayed below showcases estimates of policy rates for Ford Explorer models. Being more informed about how insurance quotes are formulated can be valuable when making smart choices when buying a policy.

Ford Explorer Insurance Rates in Buffalo, NY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $196 $348 $300 $18 $90 $952 $79
Explorer Eddie Bauer 2WD $196 $348 $300 $18 $90 $952 $79
Explorer XLT 4WD $196 $348 $300 $18 $90 $952 $79
Explorer XLT AWD $196 $348 $300 $18 $90 $952 $79
Explorer Eddie Bauer 4WD $222 $424 $300 $18 $90 $1,054 $88
Explorer Eddie Bauer AWD $222 $424 $300 $18 $90 $1,054 $88
Explorer Limited 2WD $222 $424 $300 $18 $90 $1,054 $88
Explorer Limited 4WD $222 $424 $300 $18 $90 $1,054 $88
Explorer Limited AWD $222 $424 $300 $18 $90 $1,054 $88
Get Your Own Custom Quote Go

Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New York minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rate quotes do not factor in specific zip code location which can influence auto insurance rates greatly.

Deductible analysis

When shopping for auto insurance, a common question is what deductibles to buy. The following tables outline the cost difference between low and high deductibles. The first set of rates uses a $250 deductible for comp and collision and the second set of rates uses a $1,000 deductible.

Ford Explorer insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $204 $284 $264 $16 $80 $873 $73
Explorer Eddie Bauer 2WD $204 $284 $264 $16 $80 $873 $73
Explorer XLT 4WD $204 $284 $264 $16 $80 $873 $73
Explorer XLT AWD $204 $284 $264 $16 $80 $873 $73
Explorer Eddie Bauer 4WD $230 $344 $264 $16 $80 $959 $80
Explorer Eddie Bauer AWD $230 $344 $264 $16 $80 $959 $80
Explorer Limited 2WD $230 $344 $264 $16 $80 $959 $80
Explorer Limited 4WD $230 $344 $264 $16 $80 $959 $80
Explorer Limited AWD $230 $344 $264 $16 $80 $959 $80
Get Your Own Custom Quote Go
Ford Explorer insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $126 $178 $264 $16 $80 $664 $55
Explorer Eddie Bauer 2WD $126 $178 $264 $16 $80 $664 $55
Explorer XLT 4WD $126 $178 $264 $16 $80 $664 $55
Explorer XLT AWD $126 $178 $264 $16 $80 $664 $55
Explorer Eddie Bauer 4WD $142 $216 $264 $16 $80 $718 $60
Explorer Eddie Bauer AWD $142 $216 $264 $16 $80 $718 $60
Explorer Limited 2WD $142 $216 $264 $16 $80 $718 $60
Explorer Limited 4WD $142 $216 $264 $16 $80 $718 $60
Explorer Limited AWD $142 $216 $264 $16 $80 $718 $60
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rate information does not factor in specific location information which can change insurance rates greatly.

We can derive from the above data that using a $250 deductible will cost you about $19 more each month or $228 a year than selecting the higher $1,000 deductible. Because you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 39 months between claims, you would come out ahead if you decide on a higher deductible.

The diagram below demonstrates how choosing different deductibles and can change Ford Explorer annual premium costs for each age group. Data assumes a single male driver, comprehensive and collision coverage, and no discounts are applied.

Insurance rate increases from tickets or accidents

The example below illustrates how speeding tickets and at-fault claims can raise Ford Explorer yearly insurance costs for different age groups. The premiums assume a married female driver, full coverage, $500 deductibles, and no other discounts are factored in.

Ford Explorer liability-only versus full coverage

The illustration below compares Ford Explorer insurance rates with full coverage compared to only the New York minimum liability coverage. The rate quotes are based on no accidents, no driving violations, $500 deductibles, marital status is single, and no discounts are taken into consideration.

When to drop full coverage

There is no specific rule for phasing out comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than 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 say your Ford Explorer replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after the deductible is paid. If premium cost is more than $500 annually for your policy with full coverage, then you may want to consider only buying liability coverage.

There are some situations where buying only liability insurance is not advised. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Four factors that affect insurance prices

Smart consumers have a good feel for some of the elements that help determine your car insurance rates. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that will entitle you to cheaper rates.

Rural areas have lower costs - Choosing to live in less populated areas of the country has it's advantages when it comes to car insurance. Less people living in that area means fewer accidents. Drivers in populated New York areas have more traffic problems and much longer commute distances. Higher commute times means more chance of being in an accident.

Costs also based on gender - The statistics show that females tend to be a little less risky than males. However, this does not mean males are worse at driving than females. They both are responsible for at-fault accidents at about the same rate, but the men get into accidents with more damage. Not only that, but men also get cited for more serious violations like reckless driving and DUI.

The chart below illustrates the difference between Ford Explorer insurance prices for male and female drivers. The data assumes no claims or driving violations, full coverage, $100 deductibles, single marital status, and no discounts are taken into consideration.

Reduce car insurance rates by staying claim free - If you're an insured who likes to file claims you can definitely plan on higher rates. Auto insurance companies in New York generally give the best rates to policyholders who do not file claims often. Insurance coverage is designed for more catastrophic claims.

Pleasure use or commuting - The higher the mileage driven in a year's time the higher your rate. A lot of insurance companies apply a rate based upon how you use the vehicle. Vehicles left parked in the garage get more affordable rates than those that get driven frequently. Incorrect rating for your Explorer can result in significantly higher rates. Make sure your policy states the right rating data, because it can save money.

Insurance loss data for a Ford Explorer - Insurers use statistical claims data to calculate a price that will offset losses. Vehicles that tend to have increased claim numbers or amounts will cost more for coverage.

The table below shows the insurance loss data used by companies for Ford Explorer vehicles. For each coverage type, the claim probability for all vehicles combined as an average is set at 100. Percentage numbers below 100 indicate a favorable loss history, while values that are above 100 indicate higher probability of having a loss or tendency to have larger claims.

Car Insurance Loss Data for Ford Explorer Models
Specific Ford 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

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Auto insurance does more than just repair your car

Even though it can be expensive, paying for auto insurance is not optional due to several reasons.

  • Just about all states have minimum mandated liability insurance limits which means you are required to buy a specific minimum amount of liability coverage in order to be legal. In New York these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you bought your Ford Explorer with a loan, more than likely the lender will force you to have insurance to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank will be required to insure your Ford for a much higher rate and require you to fork over for the expensive policy.
  • Auto insurance preserves not only your car but also your financial assets. It will also reimburse you for all forms of medical expenses incurred in an accident. Liability coverage will also pay to defend you if you cause an accident and are sued. If you have damage to your Ford as the result of the weather or an accident, comprehensive and collision coverage will pay to have it repaired.

The benefits of insuring your car outweigh the cost, especially with large liability claims. Unknowingly, the average driver is currently overpaying as much as $810 a year so smart consumers compare quotes once a year at a minimum to ensure rates are inline.