2001 Ford Explorer Sport Insurance Quotes – 8 Tips for Cheaper Rates

Did you come to the realization that you have high-priced car insurance? It’s a common feeling and there are lots of residents who feel the same.

With so many companies and agents to choose from, it’s nearly impossible to choose the best company.

Buying cheaper insurance is not that difficult. Just about every vehicle owner who buys insurance should be able to save money. Nevertheless, consumers can benefit by having an understanding of the way companies determine prices and apply this information to your search.

The quickest method we recommend to compare car insurance company rates takes advantage of the fact almost all companies provide online access to compare rate quotes. All you need to do is provide information like if it has an anti-theft system, level of coverage desired, if a SR-22 is required, and if the car is leased. That information is instantly sent to many of the top insurers and they provide comparison quotes within a short period of time.

To compare rates for your 2001 Ford Explorer Sport now, click here and enter your zip code.

Beware of misleading car insurance ads

Companies like State Farm, Geico and Progressive continually stream ads in print and on television. They all have a common claim about saving some big amount after switching your policy. How does every company sell you cheaper insurance coverage?

Companies have underwriting criteria for the type of driver that earns them the highest profit. For instance, this type of driver should be between 25 and 40, has no tickets, and drives less than 7,500 miles a year. Any person who matches those parameters will get very good auto insurance rates and have a good chance to save when switching.

People who do not fit these standards will see a higher premium and ends up with business going elsewhere. If you pay close attention to the ads, they say “customers that switch” but not “all drivers who get quotes” save that kind of money. That’s the way insurance companies can confidently make those claims.

That is why it is so important to get price quotes at each policy renewal. Because you cannot predict which company will have the best prices.

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These eight discounts can cut insurance rates

Companies don’t always advertise all possible discounts very well, so the following list contains a few of the more common and also the more inconspicuous credits available to you.

• Accident-Free Discounts – Drivers who don’t have accidents pay less in comparison with policyholders that have many claims.
• Discount for Life Insurance – Insurance companies who offer life insurance give lower prices if you buy a life policy as well.
• 55 and Retired – If you qualify as a senior citizen, you may receive a small discount on rates for Explorer Sport insurance.
• Discounts for Seat Belt Usage – Buckling up and requiring all passengers to buckle up could save 15% off the personal injury premium cost.
• Discounts for Cautious Drivers – Drivers without accidents can save as much as half off their rates for Explorer Sport insurance than their less cautious counterparts.
• Good Student – Being a good student can be rewarded with saving of up to 25%. Earning this discount can benefit you well after school through age 25.
• ABS Braking Discount – Vehicles with ABS and/or traction control can avoid accidents and therefore earn up to a 10% discount.
• Driver’s Ed – It’s a good idea to have your young drivers participate in a local driver’s education class in school.

It’s important to note that some of the credits will not apply to your bottom line cost. Most cut the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like you would end up receiving a 100% discount, you aren’t that lucky. But all discounts will help reduce the amount you have to pay.

A list of insurance companies and some of their more popular discounts can be read below.

• Farmers Insurance policyholders can earn discounts including electronic funds transfer, distant student, business and professional, teen driver, and good student.
• Esurance discounts include defensive driver, online shopper, claim free, anti-theft, and anti-lock brakes.
• State Farm has savings for good student, anti-theft, accident-free, driver’s education, and Drive Safe & Save.
• Geico offers premium reductions for anti-lock brakes, multi-vehicle, emergency military deployment, five-year accident-free, good student, and anti-theft.
• Allstate offers discounts for good payer, new car, anti-lock brakes, senior citizen, FullPay discount, and farm vehicle.

Before purchasing a policy, check with every prospective company to give you their best rates. Savings might not be offered on policies everywhere. To view insurance companies that provide some of the discounts listed above, follow this link.

When do I need an agent’s advice?

When buying the best car insurance coverage, there is no perfect coverage plan. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that may help highlight if your insurance needs could use an agent’s help.

• What is UM/UIM insurance?
• Should I buy more coverage than the required minimum liability coverage?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• When should my teen driver be added to my policy?
• Am I covered when delivering products for my home-based business?
• Is my custom paint covered by insurance?
• Will my insurance pay for OEM parts?
• What is medical payments coverage?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Coverage specifics

Knowing the specifics of your auto insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverages available from auto insurance companies.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as fire damage, damage from flooding and hail damage. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for pain medications, ambulance fees, dental work and X-ray expenses. They are often used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

This provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your 2001 Ford Explorer Sport.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision coverage protection

This covers damage to your Explorer Sport resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as hitting a parking meter, scraping a guard rail and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Auto liability

Liability coverage can cover injuries or damage you cause to a person or their property in an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like pain and suffering, structural damage and medical services. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible.

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Power to the consumer

We just covered some good ideas how you can compare 2001 Ford Explorer Sport insurance auto insurance rates online. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may discover the biggest savings come from some of the lesser-known companies. These smaller insurers may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.

While you’re price shopping online, make sure you don’t skimp on coverage in order to save money. There are many occasions where consumers will sacrifice liability limits or collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. The goal is to buy a smart amount of coverage at the best price while still protecting your assets.

Helpful articles

• Insurance Losses by Make and Model (iihs.org)
• Winter Driving (Insurance Information Insitute)
• Safe Vehicles for Teens (iihs.org)
• Property Damage Coverage (Liberty Mutual)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)

Enter your zip code below to view companies that have cheap auto insurance rates.

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