Who Has the Cheapest Tulsa Auto Insurance Rates for a Ford Explorer?

Buying the best cheap coverage for a Ford Explorer in Oklahoma is pretty easy to do, but it depends on an enormous amount of rating factors such as how old the vehicle is, whether or not you have filed claims in the past, and the level of deductible you choose. Oklahoma drivers pay approximately $1,720 annually for Explorer insurance, but that amount is a valuation using a 30-year-old single male driver with full coverage and $100 deductibles.

Odds are that you aren’t exactly 30 years old or even a male, married instead of single, and you may just want the cheapest liability coverage you can find. There is no one cookie-cutter policy that works for everyone, so the way we recommend to find the cheapest coverage for your Ford is to compare as many rates as possible. Comparing quotes is easy and you will receive prices from the cheapest companies that offer coverage in Oklahoma.

Compare Ford Explorer Insurance Rates

The trim level of your Explorer will be a contributing factor to the annual cost of coverage, so the price you will be charged to insure a Explorer XLT 2WD will be $182 less than the price to insure the more costly Explorer Limited AWD version, as shown by the rates below.

Ford Explorer Insurance Rates in Tulsa, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $440 $572 $588 $34 $176 $1,810 $151
Explorer Eddie Bauer 2WD $440 $572 $588 $34 $176 $1,810 $151
Explorer XLT 4WD $440 $572 $588 $34 $176 $1,810 $151
Explorer XLT AWD $440 $572 $588 $34 $176 $1,810 $151
Explorer Eddie Bauer 4WD $496 $698 $588 $34 $176 $1,992 $166
Explorer Eddie Bauer AWD $496 $698 $588 $34 $176 $1,992 $166
Explorer Limited 2WD $496 $698 $588 $34 $176 $1,992 $166
Explorer Limited 4WD $496 $698 $588 $34 $176 $1,992 $166
Explorer Limited AWD $496 $698 $588 $34 $176 $1,992 $166
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price estimates do not factor in Tulsa location which can affect premiums substantially.

Ratings for Oklahoma car insurance companies

Buying coverage from a highly-rated auto insurance company can be a challenge considering how many companies sell insurance in Oklahoma. The information shown below may help you pick which companies to look at when comparing insurance rates for a Ford Explorer.

These ratings are for the companies with a significant amount of written premium nationwide, so companies that have a smaller presence are not taken into consideration for this list. If you wish to compare rates from the insurers below and more, simply click here.

Top 10 Large Car Insurance Companies Overall in Tulsa

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

The information below illustrates how choosing a deductible can impact yearly insurance costs when getting quotes for cheap insurance for a Ford Explorer. The rate quotes are based on a married male driver, full coverage, and no policy discounts are applied.

The chart above illustrates that a 40-year-old driver could cut expenses by $386 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $586 by changing to a $1,000 deductible. Young drivers, like the 20-year-old, could potentially save as much as $1,286 every year by using higher deductibles when buying full coverage. When choosing a higher deductible, it will be important to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Liability rates compared to full coverage

Finding cheaper car insurance is important to the majority of people, and a great way to lower the cost of insurance for a Ford Explorer is to only buy liability insurance. The illustration below illustrates the difference between annual premium costs with and without full coverage. The price estimates are based on no violations or claims, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

As an average for all age groups, comp and collision coverage costs an additional $2,099 per year over and above liability coverage. Many drivers will wonder if paying for full coverage is a waste of money. There is no specific rule that is best for determining when to drop physical damage insurance, but there is a general school of thought. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $9,500 after paying your deductible. If you are paying in excess of $950 annually for full coverage, then you may want to consider only buying liability coverage.

There are some cases where dropping physical damage coverage is not recommended. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should maintain full coverage.

Comparing rates on Explorer insurance can save you money

Tulsa car insurance rates are impacted by many things that can increase the price you pay for coverage. Simply improving your credit, increasing liability limits, or having an at-fault accident may prompt premium changes that may make certain companies cheaper than competitors.

In addition, auto insurance companies change premium rates as often as every quarter to adjust for unexpected claims or profits. Heavy losses may cause a rate increase, while lower claims may produce cheaper Explorer insurance rates.

To illustrate this example, the bar chart below shows which companies have the cheapest car insurance in Tulsa, OK for a 30-year-old male driver with no prior accidents, a clean driving record, and solid credit. If we look at prices based on his personal risk profile, USAA might offer the best car insurance rates in Tulsa at $1,427 each year. This is $540 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Farmers, and GEICO round out the rest of the top five cheapest Tulsa, OK auto insurance companies.

The example below compares rates after we give the driver from the first example an accident surcharge, bad credit, and a traffic citation. Because each company has their own process to set policy rates, analyzing rate quotes could result in a substantially altered list of companies as shown below.

State Farm now has the best car insurance rate in Tulsa with Oklahoma Farmers Union, Liberty Mutual, Travelers, and GEICO also being competitive. This illustrates why it is so important to perform a complete rate comparison to get affordable car insurance quotes for a Ford Explorer.

Insurance prices are calculated by many risk factors and change frequently, so the cheapest rate two years ago may now be one of the higher cost companies.

If you aren’t sure which coverage you need and prefer to have a little guidance when shopping for cheaper insurance for an Explorer, the agents shown below are willing to answer your questions and help you decide which is the best policy.

To find an auto insurance agency near you, click the button link following the list or click here to get price quotes now.

More Tulsa, OK insurance agents

Tips for buying the cheapest auto insurance for a Ford Explorer

The list below details a few money-saving suggestions that can help Tulsa drivers locate lower-cost coverage.

That last idea is notably necessary, as we hit on in this piece. Prices charged by auto insurers fluctuate considerably, so don’t be afraid to switch companies if you can save money. Many consumers stick with the same company and that’s fine, but it isn’t a good idea if that loyalty ends up costing a wad of cash every year. If you have a few minutes, now is a great time to shop around and find cheaper insurance for a Ford Explorer in Tulsa.