Buying the cheapest coverage for a Ford Explorer in Colorado is pretty straightforward, but it depends on a lot of rating factors such as how old the Explorer is, your claims history, and citations on your driving record. Drivers in Colorado pay on average $838 each year for Explorer insurance, but that is a projection calculated based on a 50-year-old married male driver with both comprehensive and collision coverage and $500 deductibles.
The issue with using an average estimated rate is the likelihood you’re not a 50-year-old male, maybe you are single instead of married, and maybe you want different deductibles. Every driver’s needs are different, and that is why the best way to find cheap auto insurance rates for your Ford is to do the rate comparisons yourself. Quotes are always free and you will be able to see rates from top-rated companies that sell coverage in Colorado.
The trim level of your Explorer tends to have a direct effect on the cost of coverage, so the rate you will pay to insure a Explorer XLT 2WD trim level will be $78 cheaper than the insurance cost for the more well-appointed Explorer Limited AWD model, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$172||$258||$338||$20||$100||$888||$74|
|Explorer Eddie Bauer 2WD||$172||$258||$338||$20||$100||$888||$74|
|Explorer XLT 4WD||$172||$258||$338||$20||$100||$888||$74|
|Explorer XLT AWD||$172||$258||$338||$20||$100||$888||$74|
|Explorer Eddie Bauer 4WD||$194||$314||$338||$20||$100||$966||$81|
|Explorer Eddie Bauer AWD||$194||$314||$338||$20||$100||$966||$81|
|Explorer Limited 2WD||$194||$314||$338||$20||$100||$966||$81|
|Explorer Limited 4WD||$194||$314||$338||$20||$100||$966||$81|
|Explorer Limited AWD||$194||$314||$338||$20||$100||$966||$81|
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Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in zip code location which can revise coverage prices greatly.
Insuring your vehicle with a high-quality car insurance company can be difficult considering how many different companies sell coverage in Colorado. The company ratings listed below can help you choose which auto insurance companies you want to consider comparing rates from. These rankings are only made up of companies with a nationwide focus, so smaller companies that only insure vehicles in Colorado are not included in these rankings.
Top 10 Major Auto Insurance Companies Overall in Colorado Springs
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
How to get discounts on Colorado Springs insurance
Auto insurance companies that sell policies for a Ford Explorer may have special discounts that could lower prices by 25% or more if you meet specific criteria. Companies and their offered discounts are:
- Mercury Insurance policyholders can earn discounts including type of vehicle, good student, professional/association, multi-car, and age of vehicle.
- Farmers Insurance offers premium reductions for bundle discounts, alternative fuel, youthful driver, good student, and teen driver.
- Farm Bureau discounts include driver training, safe driver, good student, youthful driver, 55 and retired, and multi-vehicle.
- State Farm offers discounts for defensive driving training, passive restraint, driver’s education, safe vehicle, multiple autos, anti-theft, and good student.
- Allstate may offer discounts for auto/life discount, multi-policy, premier discount, good payer, new car, good student, and 55 and retired.
- GEICO has discounts for multi-vehicle, daytime running lights, anti-theft, five-year accident-free, and membership and employees.
The example below shows the difference between premium costs with and without discounts being applied to the rates. The price estimates are based on a male driver, no accidents, no driving violations, Colorado state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with safe-driver, marriage, multiple policy, anti-theft, vehicle safety, and defensive driving course discounts applied. When discounts are applied, theamount saved on auto insurance for a Ford Explorer is 28% or $671.
Why you should compare rates
Colorado Springs, CO auto insurance rates are impacted by many things that may substantially change the policy premium. Simply improving your credit, getting married, or getting a couple of tickets may generate price changes resulting in some rates now being more affordable than others. Not only may your situation change, but insurance companies change their prices without warning to adjust for unexpected claims or profits. Larger than normal claims may cause rate hikes, while a lower level of claims may result in lower-cost Explorer insurance rates.
The bar chart below shows rates for the cheapest car insurance in Colorado Springs, CO for a 30-year-old female driver with a clean driving record, no accidents, and a decent credit rating. When comparing rates based on her current rating profile, The Hartford might quote the lowest car insurance rates in Colorado Springs at $1,038 each year. This is $540 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide are also on the list of the top five cheapest Colorado Springs, CO auto insurance companies.
The chart below compares rates after we give the driver in the first example a chargeable accident, bad credit, and a stop sign violation. Because every insurance company uses their own formula to set policy rates, getting updated rate quotes may result in a different set of affordable companies as shown below.
Travelers now has the best price in Colorado Springs, CO with State Farm, American Family, Progressive, and Amica completing the list. This example shows why Colorado Springs drivers need to compare many different companies when trying to find affordable auto insurance rates for a Ford Explorer.
Insurance rates are impacted by many things and change substantially, so the most economical option when you bought your policy may now be priced much higher than other options.