Buying the best cheap insurance for a Ford Explorer in Oklahoma depends on a fairly complex equation with a lot of factors such as when you were born, the size of your vehicle, and citations on your driving record. Drivers pay around $925 annually for Explorer insurance, but that is an estimation calculated using a 50-year-old married female driver with full comprehensive and collision coverage and $1,000 deductibles.
The issue with using an average estimated rate is the likelihood you’re not a 50-year-old female, you might be single instead of married, or maybe you are just looking for cheap liability insurance. Having even a minor difference in rating variables may result in a big change in the cost of insuring your Explorer.
Having different needs demonstrates why the way we recommend to find the cheapest coverage for your Ford is to compare as many rates as you can. In just a few minutes you will receive rate quotes from top-rated companies that insure vehicles in Oklahoma.
Your Ford’s trim level will be a contributing factor to the insurance rate, so the price you will be charged to insure a Explorer XLT 2WD model will be $76 less expensive the insurance cost for the more costly Explorer Limited AWD model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$164||$250||$422||$24||$126||$986||$82|
|Explorer Eddie Bauer 2WD||$164||$250||$422||$24||$126||$986||$82|
|Explorer XLT 4WD||$164||$250||$422||$24||$126||$986||$82|
|Explorer XLT AWD||$164||$250||$422||$24||$126||$986||$82|
|Explorer Eddie Bauer 4WD||$186||$304||$422||$24||$126||$1,062||$89|
|Explorer Eddie Bauer AWD||$186||$304||$422||$24||$126||$1,062||$89|
|Explorer Limited 2WD||$186||$304||$422||$24||$126||$1,062||$89|
|Explorer Limited 4WD||$186||$304||$422||$24||$126||$1,062||$89|
|Explorer Limited AWD||$186||$304||$422||$24||$126||$1,062||$89|
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Information does not factor in zip code location which can influence rates considerably.
Finding out which company offers the cheapest auto insurance rates for a Ford Explorer takes a bit more effort in order to find the lowest price.
Every car insurance company has a different process for determining prices, so let’s examine the auto insurance companies with the overall best prices in Oklahoma. It’s important to know that Oklahoma City, OK auto insurance rates are calculated based on many things which can significantly increase or decrease the policy premium. Simply having another birthday, buying a home, or getting a speeding ticket can trigger changes in premium that may make certain companies more affordable than others.
Best Insurance Companies for Your Explorer
|Rank||Company||Cost Per Year|
|1||Oklahoma Farmers Union||$1,154|
|11||OK Farm Bureau||$2,058|
|Find Your Rate Go|
Oklahoma Farmers Union may have some of the cheapest car insurance rates in Oklahoma City at around $1,154 annually. USAA, GEICO, The Hartford, and Farmers also make the cut as some of the cheapest Oklahoma City, OK auto insurance companies.
As depicted above, if you have coverage with USAA and switched to Oklahoma Farmers Union, you may see yearly savings of upwards of $7. Policyholders with GEICO could save as much as $186 a year, and The Hartford policyholders might cut rates by $219 a year.
It’s important to note that these premiums are averaged across all types of insureds and vehicles and and are not figured with a specific zip code for a Ford Explorer. So the insurer that is best suited for you may not even be in the top 17 companies shown above. That helps illustrate why you need to quote rates from as many companies as possible using your own personal information and vehicle type.
The example below illustrates how your choice of deductibles can raise or lower premium costs when researching cheap insurance for a Ford Explorer. The rate quotes are based on a single male driver, full coverage, and no discounts are applied.
The data above shows that a 50-year-old driver could save $384 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $582 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old example, could drop their prices $1,246 every year by choosing a higher deductible.
If you make the decision to raise deductibles, it will be necessary to have enough spare savings to enable you to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Don’t stick with an overpriced policy
Oklahoma City, OK auto insurance rates are influenced by many factors which can substantially change the cost of having a policy. Improving your credit rating, becoming a homeowner, or getting a couple of tickets may cause policy rate changes resulting in some companies being cheaper than competitors.
Not only may your risk profile change, but insurance companies file new rates as needed in order to offset underwriting gains or losses. Significantly higher losses may result in price increases, while a better loss history may produce lower-priced Explorer insurance rates.
To illustrate this example, the graph below analyzes the cheapest car insurance in Oklahoma City, OK for a 45-year-old female driver with no violations or accidents, and a decent credit rating. If we look at prices based on her personal profile, USAA offers the best car insurance rates in Oklahoma City at $1,289 a year. This is $678 less than the average price paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, Safe Auto, The Hartford, and Farmers are also included in the best Oklahoma City, OK auto insurance companies.
Let’s now give the driver from the above example a claim, less-than-perfect credit, and a few blemishes on her driving record. Since each auto insurance company has a unique approach for determining prices, comparing quotes may now present a slightly different list of cheap Oklahoma City auto insurance companies as shown below.
State Farm now has the cheapest rate in Oklahoma City with Oklahoma Farmers Union, Liberty Mutual, Farmers, and Travelers now being in the top five. This example shows why it is critical to shop around to find the most economical car insurance rates for a Ford Explorer.
Prices are determined by many different factors and change dramatically, so the lowest-price company the last time you checked may now be wasting a lot of money.
If you like to get some help when shopping for the best coverage for an Explorer, the agents shown below can aid you in deciding which car insurance company is the best fit.
To find an agent using an interactive map, click the link at the bottom or click here to compare price quotes now.
State Auto Insurance
4030 NW 10th St – Oklahoma City, OK 73107 – (405) 943-5575
Rita Wallenberg – State Farm Insurance Agent
2833 SW 119th St – Oklahoma City, OK 73170 – (405) 691-2464
Ken Shelton – State Farm Insurance Agent
10901 S Western Ave a – Oklahoma City, OK 73170 – (405) 378-0407
Ed Dater – State Farm Insurance Agent
6700 S Western Ave – Oklahoma City, OK 73139 – (405) 634-0504
David Hoffhines – State Farm Insurance Agent
6444 Northwest Expy #450 – Oklahoma City, OK 73132 – (405) 787-1111