Cheap Ford Explorer Insurance in Newark

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Insurance quote for Ford Explorer in NewarkThe best way we recommend to get low-cost auto insurance rates is to start comparing rates regularly from providers in Newark. Rate comparisons can be done by following these guidelines.

  • First, take a little time to learn about the coverage provided by your policy and the things you can control to keep rates in check. Many policy risk factors that are responsible for high rates such as traffic violations and a poor credit score can be remedied by improving your driving habits or financial responsibility.
  • Second, compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or State Farm, while agents who are independent can quote prices from multiple companies. Begin your rate comparison
  • Third, compare the new quotes to your existing rates to see if switching to a new carrier will save money. If you can save some money and buy the policy, make sure there is no coverage gap between policies.

One piece of advice is that you'll want to make sure you compare similar deductibles and liability limits on each quote request and and to get price estimates from as many companies as you can. This enables a fair rate comparison and the best price selection.

Anyone knows that car insurance companies don't want you to compare rates. People who compare rates annually are inclined to switch to a new company because they have good chances of finding a lower-priced company. A recent survey revealed that drivers who compared prices once a year saved about $72 a month as compared to drivers who don't regularly compare prices.

If finding the lowest price for Ford Explorer insurance in Newark is the reason you're reading this, learning how to compare insurance premiums can make it simple to find affordable coverage.

Our objective in writing this article is to help educate you on the best ways to compare prices. If you have coverage now, you will most likely be able to shop for the lowest rates using the ideas covered in this article. Drivers just have to know the most efficient way to buy insurance online.

The majority of larger companies allow you to get coverage price quotes on their websites. Getting online quotes for Ford Explorer insurance in Newark is fairly simple as you simply enter your required coverages into the quote form. After the form is submitted, their system automatically orders reports for credit and driving violations and gives you a price quote based on these factors. The ability to get online quotes for Ford Explorer insurance in Newark makes it a lot easier to compare rates and it is important to compare as many rates as possible if you are searching for the cheapest price on insurance.

To quickly find out what other companies charge, consider comparing rates from the companies shown below. If you have coverage now, it's recommended you replicate your coverages identical to your current policy. Doing this assures you will get comparison quotes for similar insurance coverage.

The providers in the list below provide free rate quotes in New Jersey. If multiple companies are listed, we recommend you visit several of them to get the best price comparison.

Affordable Newark auto insurance rates with discounts

Companies offering auto insurance don't list every policy discount very clearly, so here is a list both the well known as well as the least known credits available to you. If you don't get every credit available, you could be paying more than you need to.Cheaper auto insurance with discounts

  • Telematics Devices - Insureds who allow data collection to study driving patterns by using a telematics device like In-Drive from State Farm and Progressive's Snapshot might see lower rates if their driving habits are good.
  • Student Discount for Driver Training - Have your child successfully complete driver's ed class as it will make them better drivers and lower rates.
  • Theft Deterrent System - Cars and trucks equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and earn discounts up to 10% off your Newark auto insurance quote.
  • Save over 55 - Mature drivers may be able to get a slight reduction on a Newark auto insurance quote.
  • Seat Belt Discounts - Drivers who require all vehicle occupants to buckle up before driving can save up to 10 percent (depending on the company) off PIP or medical payments premium.

Discounts reduce rates, but you should keep in mind that most credits do not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like medical payments or collision. Even though the math looks like you can get free auto insurance, it's just not the way it works.

The example below illustrates the comparison of Ford Explorer auto insurance costs with and without some available policy discounts. The costs are based on a male driver, no violations or claims, New Jersey state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, multi-car, safe-driver, homeowner, and marriage discounts applied.

Insurance companies that have these discounts may include but are not limited to:

If you are trying to find low cost Newark auto insurance quotes, ask each company the best way to save money. Some of the discounts discussed earlier may not apply in every state. To view insurance companies with significant discounts in New Jersey, click here to view.

Ford Explorer coverage statistics

The price information displayed below showcases detailed analysis of insurance rates for Ford Explorer models. Having a good grasp of how car insurance prices are figured can help you make decisions when shopping your coverage around.

Ford Explorer Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $320 $504 $504 $30 $152 $1,510 $126
Explorer Eddie Bauer 2WD $320 $504 $504 $30 $152 $1,510 $126
Explorer XLT 4WD $320 $504 $504 $30 $152 $1,510 $126
Explorer XLT AWD $320 $504 $504 $30 $152 $1,510 $126
Explorer Eddie Bauer 4WD $360 $614 $504 $30 $152 $1,660 $138
Explorer Eddie Bauer AWD $360 $614 $504 $30 $152 $1,660 $138
Explorer Limited 2WD $360 $614 $504 $30 $152 $1,660 $138
Explorer Limited 4WD $360 $614 $504 $30 $152 $1,660 $138
Explorer Limited AWD $360 $614 $504 $30 $152 $1,660 $138
Get Your Own Custom Quote Go

Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rates do not factor in garaging location in Newark which can lower or raise prices greatly.

How high should deductibles be?

One of the more difficult decisions when buying car insurance is how high should your deductibles be. The data tables below summarize how much more you'll pay when you select higher and lower coverage deductibles. The first set of rates uses a $250 deductible for comp and collision and the second set of rates uses a $500 deductible.

Ford Explorer insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $372 $514 $480 $28 $144 $1,563 $130
Explorer Eddie Bauer 2WD $372 $514 $480 $28 $144 $1,563 $130
Explorer XLT 4WD $372 $514 $480 $28 $144 $1,563 $130
Explorer XLT AWD $372 $514 $480 $28 $144 $1,563 $130
Explorer Eddie Bauer 4WD $420 $626 $480 $28 $144 $1,723 $144
Explorer Eddie Bauer AWD $420 $626 $480 $28 $144 $1,723 $144
Explorer Limited 2WD $420 $626 $480 $28 $144 $1,723 $144
Explorer Limited 4WD $420 $626 $480 $28 $144 $1,723 $144
Explorer Limited AWD $420 $626 $480 $28 $144 $1,723 $144
Get Your Own Custom Quote Go
Ford Explorer insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $302 $414 $480 $28 $144 $1,368 $114
Explorer Eddie Bauer 2WD $302 $414 $480 $28 $144 $1,368 $114
Explorer XLT 4WD $302 $414 $480 $28 $144 $1,368 $114
Explorer XLT AWD $302 $414 $480 $28 $144 $1,368 $114
Explorer Eddie Bauer 4WD $340 $504 $480 $28 $144 $1,496 $125
Explorer Eddie Bauer AWD $340 $504 $480 $28 $144 $1,496 $125
Explorer Limited 2WD $340 $504 $480 $28 $144 $1,496 $125
Explorer Limited 4WD $340 $504 $480 $28 $144 $1,496 $125
Explorer Limited AWD $340 $504 $480 $28 $144 $1,496 $125
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium amounts do not factor in your specific Newark location which can increase or decrease auto insurance rates considerably.

Based on this data, using a $250 deductible costs about $18 more each month or $216 for a full year than opting for the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 14 months between claims, you would probably save some money if you choose the higher deductible.

The chart below demonstrates how choosing different deductibles and can change Ford Explorer annual premium costs for different age groups. The premium estimates are based on a married female driver, comp and collision included, and no discounts are applied.

Illustration showing the impact of accidents and violations

The illustration below shows how speeding tickets and at-fault accidents can affect Ford Explorer auto insurance costs for each age group. The costs are based on a single male driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.

Male drivers versus female drivers

The example below visualizes the comparison of Ford Explorer car insurance costs for male and female drivers. The premiums are based on no claims or driving violations, comp and collision included, $1,000 deductibles, single status, and no discounts are applied.

Ford Explorer liability-only versus full coverage

The example below shows the comparison of Ford Explorer yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in New Jersey. The information is based on no accidents or driving violations, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

Deciding between full coverage and liability only

There is no set guideline of when to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let's assume your Ford Explorer settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after paying your deductible. If it's costing in excess of $300 a year for your policy with full coverage, then it may be the right time to buy liability only.

There are some circumstances where dropping full coverage is not financially feasible. If you haven't satisfied your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Newark car insurance companies ranked

Choosing a high-quality insurance company can be rather challenging considering how many different companies there are to choose from in New Jersey. The company information below can help you decide which car insurance companies you want to consider purchasing a policy from.

Top 10 Newark Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. GEICO
  5. State Farm
  6. Nationwide
  7. Allstate
  8. 21st Century
  9. The Hartford
  10. Farmers Insurance

Top 10 Newark Car Insurance Companies Ranked by Value

  1. The Hartford
  2. Mercury Insurance
  3. Farmers Insurance
  4. Safeco Insurance
  5. AAA Insurance
  6. 21st Century
  7. Travelers
  8. State Farm
  9. Progressive
  10. American Family

Why You Might Pay Lower Rates in Newark

An important part of buying insurance is that you know some of the elements that come into play when calculating auto insurance rates. When you know what positively or negatively positively or negatively impacts your premiums, this empowers consumers to make smart changes that could help you find cheaper rates.

  • Lower rates for safer vehicles - Vehicles with good safety scores tend to be cheaper to insure. Vehicles built for safety help reduce the chance of injuries in an accident and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders. If your Ford Explorer earned at least an "acceptable" rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
  • Always keep your auto insurance policy in place - Driving without insurance can get your license suspended and any future policy may cost more because you let your coverage have a gap. In addition to paying higher rates, failure to provide proof of insurance can result in a license revocation or jail time.
  • Is your vehicle theft-ready? - Choosing to buy a car that has an advanced theft prevention system can earn a premium discount. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system help track and prevent car theft and help bring rates down.
  • Lower rates for married couples - Being married can get you a discount when shopping for auto insurance. Marriage generally demonstrates drivers are less irresponsible and statistics show married drivers get in fewer accidents.
  • Your liability protection limits - Liability insurance provides coverage in the event that you are found to be at fault for causing damage or personal injury in an accident. It will provide legal defense coverage to attempt to prove you were not liable. Liability insurance is quite affordable compared to comp and collision, so buy as much as you can afford.
  • Insurance loss data for Ford Explorer vehicles - Companies use data from past claims when setting rates for each model. Models that historically have higher prevalence or dollar amount of losses will be charged more to insure. The table below illustrates the historical loss data for Ford Explorer vehicles.

    For each type of coverage, the statistical loss for all vehicles compiled together is set at 100. Values that are below 100 suggest losses that are better than average, while numbers above 100 point to more losses or an increased chance of larger losses than average.

    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

    Statistics from for 2013-2015 Model Years