Ford Explorer Insurance Rates

Are Ford Explorers expensive to insure?

The average Ford Explorer insurance rates are $109 per month or $1,308 annually. Many factors impact your car insurance rates, like the age of your vehicle. For example, the 2018 Ford Explorer insurance costs will be higher than 2002 Ford Explorer insurance costs.

Although, it’s important to remember that different Ford Explorer car insurance companies will provide different rates so shop around before buying Ford Explorer car insurance.

Looking for insurance for Ford vehicles?  Or maybe you need to know what is GAP insurance and should you buy it when you purchase a 2012 Ford Explorer Eddie Bauer edition or a 2008 Ford Explorer Limited AWD.

Whether you want to know how much does the new Ford Explorer cost to insure, or what the 2012 Ford Explorer insurance costs are, read through our comprehensive guide to answer all of your Ford Explorer auto insurance questions. 

When you’re ready, use our car insurance cost estimator by entering your five-digit ZIP code into our FREE quote comparison tool to secure the best affordable Ford Explorer car insurance rates.

U.S. average insurance rates for a Ford Explorer are $1,286 a year for full coverage. Comprehensive costs approximately $282, collision costs $448, and liability costs around $398. Liability-only insurance costs as low as $460 a year, with high-risk driver insurance costing around $2,762. 16-year-old drivers pay the highest rates at $4,808 a year or more.

Average premium for full coverage: $1,286

Price estimates by individual coverage:

Prices are based on $500 comprehensive and collision deductibles, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all states and for different Explorer trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can make a big difference on car insurance rates. Rural locations have lower incidents of accident claims than congested cities.

The price range example below illustrates how your location can change auto insurance prices.

The ranges above show why anyone shopping for car insurance should compare prices using their specific location, instead of making a decision based on rate averages.

Use the form below to get customized rates for your location.

Additional Rate Details

The chart below shows estimated Ford Explorer insurance rates for additional coverage and risk scenarios.

• The best full coverage rate is $753
• Using higher $1,000 deductibles will save $166 a year
• The estimated price for the average middle-age driver who chooses $500 deductibles is $1,286
• Buying more expensive low deductibles for physical damage coverage bumps up the cost to $1,604
• High-risk insureds with multiple tickets or accidents could pay around $2,762 or more
• The price that insures a 16-year-old driver with full coverage can cost $4,808 or more

View Chart as Image

Car insurance prices for a Ford Explorer are also quite variable based on the model year and trim level, how you drive, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you could be paying anywhere from $1,500 to $2,100 extra each year, depending on your age. High-risk driver insurance can be from 44% to 130% more than the average rate. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles may pay as low as $1,200 a year for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will be charged in the ballpark of $4,800 a year. View Rates by Age

The state you live in has a huge impact on Ford Explorer insurance prices. A driver around age 40 might see prices as low as $850 a year in states like Iowa, Maine, and Idaho, or at least $1,840 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles could cut prices by as much as $490 annually, while increasing your policy's liability limits will push prices upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $358 extra every 12 months. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to know who has the cheapest car insurance prices is to compare prices from multiple companies. Each insurance company utilizes a different rate formula, so rate quotes may be quite different.

Insurance Rates by Trim Level and Model Year

Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find Affordable Ford Explorer Insurance

Getting lower rates on insurance for a Ford Explorer requires having a decent driving record, having a positive credit history, eliminating unnecessary coverage, and avoiding coverage lapses. Comparison shop at least every other year by getting rate quotes from direct carriers, and also from insurance agencies where you live.

The following items are a brief review of the car insurance concepts illustrated above.

• Drivers considered higher risk with DUI or reckless driving convictions could be forced to pay on average $1,480 more per year than a driver with a clean driving record
• Drivers can save around $150 per year simply by shopping early and online
• Increasing physical damage deductibles can save approximately $475 each year
• Insureds who purchase additional liability coverage will pay around $440 each year to increase from a low limit to the 250/500 level

From the above information, you now understand why the Ford Explorer Eddie Bauer 2011 model has different car insurance rates than the 2020 Ford Explorer insurance costs. In fact, even the 2013 Ford Explorer Eddie Bauer edition will receive different premiums. 

Receive cheap car insurance quotes for your 2014 Eddie Bauer Explorer, or any other variation, by entering your ZIP code into our FREE quote comparison tool below. 

What are the safety ratings for the Ford Explorer?

Looking at the Ford Explorer safety ratings is a good way to see what discounts you qualify for, and what might be costing you more money. 

Check out the safety ratings below. 

• Small overlap front (driver-side): Marginal
• Moderate overlap front: Good
• Side: Good
• Roof strength: Good
• Head restraints and seats: Good

A rating of ‘Good’ is the highest possible score given by the Insurance Institute for Highway Safety. These scores are actually very promising. But do Ford Explorers have a lot of problems? 

Unfortunately, some models have transmission issues. Expect your 2020 Explorer costs for insurance to increase, as this model is already being recalled. 

What is wrong with the 2020 Ford Explorer? A wiring harness was improperly secured on thousands of these vehicles. Expect unreliable issues like the to increase your Ford Explorer costs for car insurance. 

Suspension toe link fractures that impact steering is also a problem from 2011 through 2017 models. Therefore, expect the 2014 Ford Explorer costs for insurance and even the 2015 Ford Explorer costs for insurance to increase. 

So how much does a 2014 Ford Explorer cost to insure? Expect to pay around $101 per month or $1,222 annually.  

Fortunately, the cost of the 2019 Ford Explorer should not be impacted by these recalls and issues. 

After hearing about these recalls, you might be wondering is the Ford Explorer expensive to maintain? Fortunately, maintenance costs for this SUV are average.

Ford Explorer Compared Against other Vehicles in the Same Class

Comparing the Ford Explorer to similar vehicles can help you save money, especially if the Ford Explorer has a better loss ratio than other midsize sedans. 

Officially, the Insurance Institute for Highway Safety classifies it as a midsize SUV.

Check out other comparable SUVs below.

• Buick Enclave
• GMC Acadia
• Jeep Grand Cherokee

The Ford Explorer has better than average medical payment insurance loss ratios at -21 percent. Every other category is average. Luckily, your Ford Explorer insurance payment will be lowered by this data. 

How much does a new Ford Explorer cost? The 2020 Ford Explorer Limited invoice price reaches above $48,000, however, the average cost of 2020 Ford Explorer is closer to $33,000. 

The 2015 Ford Explorer cost when new was around $40,000 in total. The 2014 Ford Explorer limited invoice price is $30,000. However, you can likely find lower Ford Explorer costs for the 2014 model. 

How much is the Ford Explorer 2012 model? Just around $29,000 in total. 

If you’re hoping to buy an older, used model, you might ask how much is a 2004 Ford Explorer worth? The 2004 Ford Explorer cost when new was $31,000. 

If you’re looking at older, used models for a new driver, the 2002 Ford Explorer Eddie Bauer price is now below $1,000, depending on the condition of the vehicle. The 2005 Ford Explorer price range pushes to almost $5,000 if it is still in very good condition.

If you’re wondering what SUV is the cheapest to insure for a teenager, just remember that 4×4 insurance for young drivers is often more expensive, due to teen drivers lacking experience and being higher-risk. 

Your overall rates for car insurance will vary depending on which Ford Explorer insurance company you use, like Progressive or Geico. 

We’ve answered all your questions about how much does a Ford Explorer cost and how much is a Ford Explorer to insure. Now it’s time to get the cheapest 2002 Ford Explorer insurance costs, or 2012 Ford Explorer costs, or any other variation of this SUV. 

When you’re ready, get affordable Ford Explorer car insurance quotes from top auto insurance companies by entering your ZIP code into our FREE quote comparison tool.