Ford Explorer Insurance Rates in Miami

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Unbelievable but true, about 70% of customers have stayed with the same insurance company for at least four years, and 38% of drivers have never compared quotes from other companies. American insurance shoppers can save 46.5% each year, but they don't invest the time required to find lower-cost rates by getting comparison quotes.

Insurance for Ford ExplorerIf saving the most money is your goal, then the best way to get the cheapest Ford Explorer insurance in Miami is to start doing an annual price comparison from providers in Florida.

First, try to learn a little about how insurance companies determine prices and the steps you can take to prevent rate increases. Many factors that are responsible for high rates like inattentive driving and a negative credit rating can be amended by making small lifestyle or driving habit changes. This article gives more details to keep prices down and earn larger discounts.

Second, request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO or Farmers Insurance, while agents who are independent can provide prices for a wide range of companies. Click to view companies

Third, compare the quotes to your existing coverage and see if you can save money. If you find better rates and make a switch, make sure coverage is continuous and does not lapse.

Fourth, tell your current agent or company of your intent to cancel the current policy. Submit payment along with a signed and completed policy application to your new insurance company. Once the application is submitted, place your new proof of insurance certificate above your visor, in the console, or in the glove compartment.

A crucial key to this process is to use identical deductibles and limits on each quote request and and to analyze as many companies as possible. This provides a fair price comparison and a good representation of prices.

If you have a current auto insurance policy or just want to save money, use these tips to shop for the lowest rates without reducing protection. Quoting and buying the most affordable protection in Miami is easy to do. Shoppers only need to know the most efficient way to shop from many different companies.

The quickest method we recommend to compare rate quotes for Ford Explorer insurance in Miami is to know most of the bigger providers participate in online systems to compare their rates. To start a quote, the only thing you need to do is take a few minutes to give details including how your vehicles are used, daily mileage, how much school you completed, and if you are currently licensed. The rating information is then submitted to multiple different insurance companies and they provide comparison quotes very quickly.

To find the cheapest car insurance rates, click here then complete the form.

The companies in the list below offer quotes in Miami, FL. To buy cheap car insurance in Florida, we recommend you click on several of them in order to get a fair rate comparison.

Insurance coverage analysis

The coverage table below highlights a range of insurance prices for Ford Explorer models. Knowing how premiums are established can help you make smart choices when selecting a coverage provider.

Ford Explorer Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $368 $446 $546 $32 $164 $1,556 $130
Explorer Eddie Bauer 2WD $368 $446 $546 $32 $164 $1,556 $130
Explorer XLT 4WD $368 $446 $546 $32 $164 $1,556 $130
Explorer XLT AWD $368 $446 $546 $32 $164 $1,556 $130
Explorer Eddie Bauer 4WD $414 $544 $546 $32 $164 $1,700 $142
Explorer Eddie Bauer AWD $414 $544 $546 $32 $164 $1,700 $142
Explorer Limited 2WD $414 $544 $546 $32 $164 $1,700 $142
Explorer Limited 4WD $414 $544 $546 $32 $164 $1,700 $142
Explorer Limited AWD $414 $544 $546 $32 $164 $1,700 $142
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rate information does not factor in specific location information which can change premium rates considerably.

Analysis of deductible levels

One of the most common car insurance questions is which deductibles should you choose. The premium rates below outline the differences in price between low and high physical damage coverage deductibles. The first table uses a $100 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Ford Explorer insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $358 $532 $418 $24 $124 $1,481 $123
Explorer Eddie Bauer 2WD $358 $532 $418 $24 $124 $1,481 $123
Explorer XLT 4WD $358 $532 $418 $24 $124 $1,481 $123
Explorer XLT AWD $358 $532 $418 $24 $124 $1,481 $123
Explorer Eddie Bauer 4WD $406 $648 $418 $24 $124 $1,645 $137
Explorer Eddie Bauer AWD $406 $648 $418 $24 $124 $1,645 $137
Explorer Limited 2WD $406 $648 $418 $24 $124 $1,645 $137
Explorer Limited 4WD $406 $648 $418 $24 $124 $1,645 $137
Explorer Limited AWD $406 $648 $418 $24 $124 $1,645 $137
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Ford Explorer insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $200 $280 $418 $24 $124 $1,046 $87
Explorer Eddie Bauer 2WD $200 $280 $418 $24 $124 $1,046 $87
Explorer XLT 4WD $200 $280 $418 $24 $124 $1,046 $87
Explorer XLT AWD $200 $280 $418 $24 $124 $1,046 $87
Explorer Eddie Bauer 4WD $224 $342 $418 $24 $124 $1,132 $94
Explorer Eddie Bauer AWD $224 $342 $418 $24 $124 $1,132 $94
Explorer Limited 2WD $224 $342 $418 $24 $124 $1,132 $94
Explorer Limited 4WD $224 $342 $418 $24 $124 $1,132 $94
Explorer Limited AWD $224 $342 $418 $24 $124 $1,132 $94
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Estimates do not factor in vehicle garaging location which can modify prices substantially.

Based on the data above, we can derive that using a $100 deductible will cost you about $40 more each month or $480 for a full year than requesting the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 23 months between claims, you would probably come out ahead if you decide on a higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $131
Average monthly premium for $1,000 deductibles (subtract): - $91
Monthly savings from raising deductible: $40
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $40
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One thing to note is that raising deductibles to get cheaper rates means you will have to cover more of the damage yourself if you have a claim. You need to have some savings in the bank in the event you have to pay the deductible to have repairs made.

The diagram below illustrates how choosing a deductible and can increase or decrease Ford Explorer insurance costs for each different age category. The rates are based on a married male driver, full physical damage coverage, and no discounts are factored in.

How careless driving impacts car insurance rates

The information below highlights how speeding tickets and at-fault collisions increase Ford Explorer premium costs for each age group. Data assumes a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.

Does full coverage make sense?

The example below visualizes the comparison of Ford Explorer yearly insurance costs with full coverage compared to only the Florida minimum liability coverage. The costs are based on a clean driving record, no claims, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

Should you buy full coverage or liability only?

There is no clear-cut rule for eliminating comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let's say your Ford Explorer replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after paying your policy deductible. If you are paying in excess of $500 annually for physical damage coverage, then it might be time to consider dropping full coverage.

There are a few situations where only buying liability is not financially feasible. If you still owe money on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not eliminate full coverage.

Earn discounts on Miami insurance

Car insurance companies don't necessarily list every discount available very clearly, so we researched some of the more common as well as the least known discounts that you can inquire about if you buy Miami car insurance online.Save money with discounts

  • Discount for Life Insurance - Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase auto and life insurance together.
  • Driver Safety - Taking a course teaching defensive driver skills is a good idea and can lower rates and also improve your driving technique.
  • Mature Driver Discount - Seniors may receive a small decrease in premiums.
  • Drivers Education - It's a good idea to have your young drivers enroll in driver's education as it will make them better drivers and lower rates.
  • Save with More Vehicles Insured - Buying insurance for more than one vehicle with the same company can get a discount for every vehicle.
  • No Claim Discounts - Drivers with accident-free driving histories get the best insurance rates as opposed to frequent claim filers.
  • Discounts for New Vehicles - Insuring a new Explorer can cost up to 25% less since newer models are generally safer.
  • Club Memberships - Being a member of a qualifying organization may earn a discount on your bill.
  • Sign Early and Save - A few insurance companies give discounts for buying a policy prior to the expiration date on your current Explorer insurance policy. It can save you around 10%.
  • Discounts for Responsible Drivers - Insureds without accidents could pay up to 40% less compared to accident prone drivers.

Just know that most discount credits are not given to the whole policy. Some only apply to the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears adding up those discounts means a free policy, that's just not realistic. Any qualifying discounts will bring down your policy cost.

The illustration below compares Ford Explorer premium costs with and without discounts. The premiums assume a female driver, no claims, a clean driving record, Florida state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, homeowner, multi-car, marriage, and safe-driver discounts applied.

Popular insurance companies and a selection of discounts are shown below.

  • State Farm may offer discounts for good student, accident-free, Drive Safe & Save, multiple policy, defensive driving training, student away at school, and Steer Clear safe driver discount.
  • American Family policyholders can earn discounts including bundled insurance, TimeAway discount, early bird, good student, mySafetyValet, good driver, and accident-free.
  • GEICO discounts include five-year accident-free, federal employee, multi-vehicle, membership and employees, seat belt use, emergency military deployment, and air bags.
  • 21st Century may have discounts that include teen driver, anti-lock brakes, defensive driver, air bags, automatic seat belts, and 55 and older.
  • Progressive offers discounts for online quote discount, homeowner, multi-vehicle, good student, online signing, and multi-policy.

If you need lower rates, check with all the companies the best way to save money. Savings may not be available in Miami. If you would like to choose from a list of insurance companies that have a full spectrum of discounts in Miami, follow this link.

Auto insurance is an important decision

Despite the high insurance cost for a Ford Explorer in Miami, buying auto insurance may be required for several reasons.

  • Most states have minimum mandated liability insurance limits which means the state requires specific limits of liability if you don't want to risk a ticket. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you have a loan on your Ford Explorer, most banks will force you to have full coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Ford at a significantly higher premium and require you to fork over for it.
  • Auto insurance preserves both your car and your assets. It will also cover medical expenses incurred in an accident. Liability insurance also covers legal expenses if you cause an accident and are sued. If damage is caused by hail or an accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of having insurance are definitely more than the cost, especially if you ever need it. The average driver in Florida overpays as much as $750 every year so compare quotes from several companies at least once a year to be sure current rates are still competitive.

Buying from auto insurance agents

Many people would prefer to visit with an insurance agent and that can be a smart move Licensed agents can make sure you are properly covered and help you file claims. One of the best bonuses of comparing auto insurance online is the fact that you can find better rates and still buy from a local agent.

To find an agent, once you fill out this form (opens in new window), the quote information is instantly submitted to local insurance agents who will gladly provide quotes for your coverage. There is no need to contact any agents because prices are sent immediately to your email address. If for some reason you want to get a rate quote from a specific insurance company, you just need to search and find their rate quote page and fill out their quote form.

Deciding on an insurance company should include more criteria than just a cheap quote. Agents should be asked these questions:

  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
  • Can you choose the body shop in case repairs are needed?
  • Will you work with the agent or an assistant?
  • Do they write coverage based solely on cost?
  • Does the agency provide any after hours assistance?
  • Will their companies depreciate repairs to your car based on the mileage?
  • How many companies do they write for?

When researching a local agent, it's helpful to know the different agency structures and how they are distinctly different. Auto insurance policy providers may be either exclusive or independent (non-exclusive). Both can write policy coverage, but it's good to learn how they are different since it can impact the selection process.

Exclusive Auto Insurance Agencies

Agents in the exclusive channel can only provide pricing for a single company and some examples include State Farm, AAA, and Liberty Mutual. Exclusive agencies are unable to compare rates from other companies so they are skilled at selling on more than just price. Exclusive agencies are usually well trained on the products they sell which can be an advantage. Consumers sometimes purchase coverage from exclusives primarily because of the brand name rather than having the cheapest rates.

Below is a list of exclusive insurance agencies in Miami willing to provide rate quotes.

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Independent Auto Insurance Agents

These type of agents can quote rates with many companies and that allows them to write policies with multiple insurance companies and find you the best rates. To move your coverage to a new company, they can switch companies in-house and you don't have to switch agencies. When comparing auto insurance rates, you will want to include price quotes from a couple of independent agencies for the best price selection. They also have the ability to place coverage with small regional insurance companies which may provide better rates.

The following is a short list of independent agents in Miami that can give you comparison quotes.

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Car insurance policy specifics

Knowing the specifics of your car insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Car insurance terms can be impossible to understand and coverage can change by endorsement.

Collision - This coverage covers damage to your Explorer resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as colliding with a tree, driving through your garage door, hitting a parking meter and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible on your Explorer in order to get cheaper collision rates.

Coverage for uninsured or underinsured drivers - Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your Ford Explorer.

Since many Florida drivers only purchase the least amount of liability that is required (10/20/10), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Coverage for medical expenses - Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like X-ray expenses, funeral costs, surgery and hospital visits. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Liability coverages - Liability coverage provides protection from injuries or damage you cause to other's property or people in an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 10/20/10 that means you have a $10,000 limit per person for injuries, a per accident bodily injury limit of $20,000, and property damage coverage for $10,000.

Liability coverage protects against claims such as medical expenses, medical services, repair costs for stationary objects and legal defense fees. How much liability should you purchase? That is up to you, but it's cheap coverage so purchase higher limits if possible. Florida requires minimum liability limits of 10/20/10 but it's recommended drivers buy more liability than the minimum.

The illustration below demonstrates why minimum state limits may not be high enough to cover claims.

Comprehensive car insurance - Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as a broken windshield, hitting a bird, theft, fire damage and vandalism. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.