What Insurance is Cheapest for a Ford Explorer in Lubbock?

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Ford Explorer insurance cost
Ford Explorer insurance cost image courtesy of QuoteInspector.com

Buying competitive car insurance for a Ford Explorer is dependent upon many rating factors such as the age of the Explorer, where you live, and if you have tickets or violations. Drivers will pay on average $1,440 each year to insure their Explorer, but that amount is an estimate calculated based on a 40-year-old single male driver with full comprehensive and collision coverage and $100 deductibles.

The issue that arises when projecting rates is that it's very likely that you are not 40 and maybe not even a male, you might be married instead of single, and maybe your Explorer is older and does not require full coverage. This shows why the best way to find affordable rates for your Ford is to do the rate comparisons yourself. In less than five minutes you can get rates from some of the best companies that insure vehicles in Texas.

Cheapest Ford Explorer Insurance Rates

Vehicle trim level will most likely have an effect on price, so the rate you pay to insure a Explorer XLT 2WD will be $162 less expensive the price to insure the higher-priced Explorer Limited AWD trim level, as shown in the chart below.

Ford Explorer Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $322 $560 $462 $28 $138 $1,510 $126
Explorer Eddie Bauer 2WD $322 $560 $462 $28 $138 $1,510 $126
Explorer XLT 4WD $322 $560 $462 $28 $138 $1,510 $126
Explorer XLT AWD $322 $560 $462 $28 $138 $1,510 $126
Explorer Eddie Bauer 4WD $362 $682 $462 $28 $138 $1,672 $139
Explorer Eddie Bauer AWD $362 $682 $462 $28 $138 $1,672 $139
Explorer Limited 2WD $362 $682 $462 $28 $138 $1,672 $139
Explorer Limited 4WD $362 $682 $462 $28 $138 $1,672 $139
Explorer Limited AWD $362 $682 $462 $28 $138 $1,672 $139
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in garaging location in Lubbock which can decrease or increase insurance rates significantly.

Best insurance in Lubbock

Finding the right auto insurance provider can be rather challenging considering how many choices drivers have in Lubbock. The ranking data shown below could help you choose which providers to look at buying from.

The rankings below are only made up of large, nationwide insurance companies, so companies that only write business in Texas or surrounding areas will not be included in the list. To compare prices from these and other companies in Texas, simply click here.

Best 15 Insurance Companies for a Ford Explorer in Lubbock
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
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Data Source: Insure.com Best Car Insurance Companies

Does it make sense to buy full coverage?

Saving money on insurance should be important to most people, and a great way to find cheaper insurance for a Ford Explorer is to not buy comprehensive and collision coverage. The diagram below illustrates the comparison of insurance rates with full physical damage coverage compared to only buying liability only. Data assumes no claims or driving violations, $250 deductibles, drivers are single, and no additional discounts are factored in.

Averaged out for all age groups, physical damage coverage costs $2,417 per year more than just buying liability insurance. Many of you may wonder if physical damage coverage is worth the money. There is no definitive rule to stop buying physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let's say your vehicle's book value is $8,500 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $7,500 after paying your deductible. If you are paying in excess of $750 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

Chances are good that you're overpaying for Explorer insurance

Texas insurance rates are based on many factors that will increase or decrease the cost of your policy. Simply having a birthday, filing a claim, or having an accident may prompt premium changes that may make certain companies more affordable than others.

In addition, insurance companies change premium rates every year or even multiple times each year to reflect underwriting profits or losses. A period of increased losses may cause a rate increase, while better underwriting may result in lower-priced Explorer insurance rates.

For instance, the bar chart below shows rates for the cheapest car insurance in Lubbock, TX for a 35-year-old male driver with no prior claims, no tickets, and good credit. If we look at prices based on his current risk profile, Travelers might quote the lowest car insurance rates in Lubbock at $1,216 each year. This is $688 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also make the list of the cheapest Lubbock, TX auto insurance companies.

Let's now give the driver from the above example an accident claim, bad credit, and a few blemishes on his driving record. Due to the fact that each insurance company uses their own formula to set premium rates, comparing quotes may now show a different list of affordable Lubbock car insurance companies as shown below.

Mercury now has the best price on car insurance in Lubbock, TX with State Farm, USAA, Safe Auto, and Nationwide now being in the top five. This demonstrates why it is crucial to take the time to shop around when trying to get the most budget-friendly insurance rates for a Ford Explorer. Auto insurance prices are made up of many different factors and change dramatically, so the cheapest company three years ago may now be wasting a lot of money.

How to find cheaper car insurance for a Ford Explorer

The list below shows some of the better thrifty solutions that can help drivers quote low-cost car insurance.

The last tip is particularly critical, as was pointed out in this write-up. Coverage prices in Lubbock can be modified anytime, so don't be afraid to buy a policy from a new company if a better deal can be had. Brand loyalty is great, but is isn't recommended if that loyalty results in overpaying a considerable chunk of change every month. Now is a great time to compare rates to find cheaper car insurance for a Ford Explorer.