Buying cheaper insurance for a Ford Explorer is pretty simple, but it relies on a complicated formula that considers factors such as whether you are married or single, whether or not you have filed claims in the past, and any driving offenses on your record. North Carolina drivers pay around $788 a year for Explorer insurance, but that figure is based upon a 30-year-old single male driver with full comprehensive and collision coverage and $500 deductibles.
The issue that arises when projecting rates is that it’s very likely that you aren’t exactly 30 years old or even a male, possibly married instead of single, or maybe you live in a different area as the quoted rates. Insurance is an individual thing, so the way we recommend to find the cheapest rates for your Ford is to compare rates from as many companies as possible. Get a free quote now and you will receive prices from top-rated companies that insure vehicles in North Carolina.
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The trim level of your Explorer will influence the cost of insurance, so the rate you pay to insure a Explorer XLT 2WD will be $72 cheaper than the insurance cost for the more expensive Explorer Limited AWD version, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Explorer XLT 2WD | $178 | $214 | $326 | $20 | $98 | $836 | $70 |
| Explorer Eddie Bauer 2WD | $178 | $214 | $326 | $20 | $98 | $836 | $70 |
| Explorer XLT 4WD | $178 | $214 | $326 | $20 | $98 | $836 | $70 |
| Explorer XLT AWD | $178 | $214 | $326 | $20 | $98 | $836 | $70 |
| Explorer Eddie Bauer 4WD | $202 | $262 | $326 | $20 | $98 | $908 | $76 |
| Explorer Eddie Bauer AWD | $202 | $262 | $326 | $20 | $98 | $908 | $76 |
| Explorer Limited 2WD | $202 | $262 | $326 | $20 | $98 | $908 | $76 |
| Explorer Limited 4WD | $202 | $262 | $326 | $20 | $98 | $908 | $76 |
| Explorer Limited AWD | $202 | $262 | $326 | $20 | $98 | $908 | $76 |
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Information does not factor in Greensboro location which can change prices noticeably.
Establishing which companies have the most affordable insurance rates for a Ford Explorer takes a bit more effort in order to find the best policy.
Each auto insurer has a unique approach for filing rates in each state, so we will examine the insurance companies with the most affordable rates in Greensboro.
Find Cheaper Car Insurance for Your Explorer
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $632 |
| 2 | Utica National | $636 |
| 3 | Liberty Mutual | $700 |
| 4 | Penn National | $717 |
| 5 | NC Farm Bureau | $737 |
| 6 | GEICO | $742 |
| 7 | State Farm | $749 |
| 8 | Titan | $751 |
| 9 | Auto-Owners | $870 |
| 10 | National General | $881 |
| 11 | Allied | $892 |
| 12 | Travelers | $900 |
| 13 | Erie | $922 |
| 14 | Peerless | $1,002 |
| 15 | Nationwide | $1,011 |
| 16 | Safeco | $1,034 |
| 17 | Unitrin | $1,042 |
| 18 | MetLife | $1,049 |
| 19 | Encompass | $1,063 |
| 20 | Allstate | $1,064 |
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Progressive may have some of the lowest car insurance rates in Greensboro at around $632 per year. This is $240 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and NC Farm Bureau also rank well as some of the most economical Greensboro, NC insurance companies.
As depicted above, if you are a policyholder with Utica National and switched to Progressive, you may realize a yearly price reduction of in the vicinity of $4. Customers with Liberty Mutual could save as much as $68 a year, and Penn National policyholders might lower prices by up to $85 a year.
Remember that these premiums are averaged for all insureds and vehicles and do not factor in a specific vehicle garaging location for a Ford Explorer. So the insurer that can offer the best rates for your situation may not even be in the top 20 companies in the list above. That points out the importance of why you need to quote rates from as many companies as possible using your own personal information and vehicle type.
Impact of violations and accidents on rates
The best way to snag low insurance rates in North Carolina for an Explorer is to be a careful driver and not receive tickets or have accidents. The illustration below illustrates how speeding tickets and fender-benders can impact insurance premiums for each different age group. The premium estimates are based on a married male driver, full coverage, $500 deductibles, and no additional discounts are factored in.
In the previous chart, the average cost of a car insurance policy in North Carolina per year with no accidents and a clean driving record is $1,215. Get two speeding tickets and the average cost swells to $1,669, an increase of $454 each year. Now include one accident along with the two speeding tickets and the annual cost of insurance for a Ford Explorer jumps again to an average of $2,122. That’s an increase of $907, or $76 per month, just for not driving responsibly!
Your cheap Explorer insurance may actually be overpriced
North Carolina insurance rates are determined by lots of factors that will increase or decrease the policy premium. Simply turning a year older, increasing deductibles, or having a fender bender can trigger changes in premium that can now make some companies more affordable than before.
Additionally, companies change prices at least once a year to adjust for gains or losses. A period of higher than normal claims can cause higher priced premiums, while better underwriting can result in more affordable Explorer insurance rates.
The chart below shows the cheapest car insurance in Greensboro, NC for a 40-year-old female driver with a clean driving record, no accidents, and great credit. If we estimate rates based on her personal profile, Progressive might quote the most affordable car insurance rates in Greensboro at $723 each year. This is $149 less than the average price paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, Penn National, and GEICO are the remainder of the top five cheapest Greensboro, NC auto insurance companies.
Now let’s give the driver from the first example a claim or two, bad credit, and a couple of points charged on her driving record. Due to the fact that every auto insurer has their own formula to determine rates, analyzing rates could now result in a slightly different list of the cheapest companies as shown below.
State Farm now has the cheapest price in Greensboro with Titan, Auto-Owners, Erie, and Allied completing the list. This shows why it is important to perform a complete rate comparison to find affordable car insurance quotes for a Ford Explorer.
Insurance rates are calculated by many risk factors and change dramatically, so the best price three years ago may now be one of the more expensive options.