Ford Explorer insurance cost image courtesy of QuoteInspector.com
Finding the best cheap car insurance for a Ford Explorer in Maryland can be really easy, but it depends on lots of different rating factors such as annual miles driven, if you have a tendency to file claims, and the level of deductible you choose. Drivers in Maryland will pay on average $1,086 per year for Explorer insurance, but that cost is a valuation calculated using a 50-year-old married male driver with full coverage and $250 deductibles.
Odds are that you are not 50 years old and maybe not even male, single instead of married, or maybe you prefer to not insure for full coverage. This shows why the only real way to find cheap auto insurance rates for your Ford is to do your own rate comparisons. In less than five minutes you will be able to compare rates from top-rated car insurance companies in Maryland.
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Your vehicle's trim level will have an impact price, so the price you will pay to insure a Explorer XLT 2WD trim level will be $112 less than the price to insure the more well-appointed Explorer Limited AWD model, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Explorer XLT 2WD | $244 | $370 | $390 | $24 | $116 | $1,144 | $95 |
| Explorer Eddie Bauer 2WD | $244 | $370 | $390 | $24 | $116 | $1,144 | $95 |
| Explorer XLT 4WD | $244 | $370 | $390 | $24 | $116 | $1,144 | $95 |
| Explorer XLT AWD | $244 | $370 | $390 | $24 | $116 | $1,144 | $95 |
| Explorer Eddie Bauer 4WD | $276 | $450 | $390 | $24 | $116 | $1,256 | $105 |
| Explorer Eddie Bauer AWD | $276 | $450 | $390 | $24 | $116 | $1,256 | $105 |
| Explorer Limited 2WD | $276 | $450 | $390 | $24 | $116 | $1,256 | $105 |
| Explorer Limited 4WD | $276 | $450 | $390 | $24 | $116 | $1,256 | $105 |
| Explorer Limited AWD | $276 | $450 | $390 | $24 | $116 | $1,256 | $105 |
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Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Information does not factor in vehicle location which can decrease or increase premiums substantially.
Picking a good quality auto insurance provider is hard considering how many choices there are in Maryland. The ranking data shown next can help you pick which auto insurers to look at buying from.
These rankings include companies that insure vehicles nationwide, so smaller companies are not factored into the list. If you wish to compare prices from these and other top-rated companies, follow this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
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Data Source: Insure.com Best Car Insurance Companies
The chart below illustrates how your deductible choice can impact insurance rates when quoting cheap insurance for a Ford Explorer. The rates are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
In the chart above, a 30-year-old driver could lower their car insurance rates by $466 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $704 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old example, could lower their rates up to $1,348 each year just by choosing higher deductibles. When choosing a higher deductible, it will now be necessary to have additional funds in a savings account to pay the extra out-of-pocket expense that is associated with using high deductibles.
Why you should shop around for Explorer insurance
Baltimore car insurance rates are impacted by many things that may substantially change the price you have to pay. Getting older, moving to a different location, or getting a reckless driving citation can cause premium changes that can make some companies cheaper than others. Not only may things change on your end, but insurers amend premium rates as needed to adjust for unexpected claims or profits. Higher than normal claims may cause increased policy costs, while lower claim levels may result in lower-cost Explorer insurance rates.
To illustrate this point, the chart below analyzes the cheapest car insurance in Baltimore, MD for a 45-year-old male driver with no violations or accidents, and a high credit rating. When comparing rates based on his personal profile, USAA may offer the most affordable car insurance rates in Baltimore at $1,630 each year. This is $71 more than the average premium paid by Maryland drivers of $1,559. Liberty Mutual, Penn National, Erie, and State Auto are the rest of the cheapest Baltimore, MD auto insurance companies.
In this example, we will give the driver from the first example a claim, slightly worse credit, and a speeding ticket. Due to the fact that each insurance company has their own guidelines for filing rates in each state, comparing quotes most likely will result in a completely different list of the cheapest Baltimore car insurance companies as shown below.
Nationwide now has the best price in Baltimore with Travelers, GEICO, MetLife, and Liberty Mutual now being in the top five. This example illustrates why it is critical to perform a complete rate comparison to find the best car insurance rates for a Ford Explorer.
Car insurance prices consist of many risk factors and change substantially, so the cheapest rate when you last compared rates may now be quite expensive.
How to find the cheapest car insurance for a Ford Explorer
Lowering your rates is not difficult, and here are some thrifty ideas that can help Baltimore drivers buy low-cost coverage.
- Save money by insuring older vehicles for liability only
- Increase your credit score
- Increase your policy deductibles
- Discounts for being claim-free can be substantial
- Safe vehicles cost less to insure
- Home or renters coverage can save on auto insurance
- Compare prices as often as possible
That final tip is especially vital, as was stressed in this write-up. Insurance rates fluctuate constantly, so drivers shouldn't be resistant to switch to a new company if a more affordable price is available.
Many drivers prefer to stick with one company, but it's not recommended if that devotion results in you overpaying a lot of money every month. Take a few minutes and shop around to find cheaper auto insurance for a Ford Explorer in Baltimore.