Unbelievable but true, about 70% of customers kept their coverage with the same auto insurance company for more than four years, and 38% of drivers have never even compared rates from other companies. With the average premium in the U.S. being $1,847, drivers could save an average of as much as 47% each year just by comparing rates, but they just assume it’s a time-consuming process to find affordable insurance by shopping around.
The preferred way to get cheaper auto insurance rates is to start comparing prices yearly from providers in Tulsa. Rates can be compared by following these guidelines.
Step 1: Spend a few minutes and learn about how companies set rates and the things you can change to keep rates in check. Many factors that increase rates such as traffic citations, accidents, and poor credit rating can be remedied by improving your driving habits or financial responsibility. Continue reading for instructions to help prevent costly coverage and find available discounts that you may qualify for.
Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from one company like GEICO or State Farm, while agents who are independent can quote prices from multiple companies.
Step 3: Compare the price quotes to your existing policy and see if you can save money. If you find a lower rate and decide to switch, verify that coverage does not lapse between policies.
Step 4: Notify your current company of your intention to cancel your current car insurance policy. Submit payment and a signed application to the new company. As soon as coverage is bound, put the proof of insurance certificate above your visor, in the console, or in the glove compartment.
One key aspect when comparing rates is to use identical coverage information on each price quote and and to get prices from as many car insurance companies as possible. This guarantees a fair price comparison and and a good selection of different prices.
The best way we recommend to compare car insurance rates for Ford Explorer Sport Trac insurance in Tulsa is to take advantage of the fact most of the bigger providers participate in online systems to give rate comparisons. All consumers are required to do is provide details such as how old drivers are, your occupation, how your vehicles are used, and level of coverage desired. The data is instantly submitted to multiple companies and you will receive price estimates almost instantly.
To compare multiple company cheap Ford Explorer Sport Trac insurance rates now, click here and find out if you can get cheaper insurance in Tulsa.
The following companies are ready to provide free quotes in Oklahoma. To locate cheaper car insurance in Oklahoma, we recommend you visit several of them to get a more complete price comparison.
Auto insurance data for a Ford Explorer Sport Trac
The data table shown below covers different insurance policy prices for Ford Explorer Sport Trac models. Understanding how policy rates are calculated helps drivers make smart choices when choosing a car insurance company.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer Sport Trac XLT 2WD||$336||$572||$448||$26||$134||$1,516||$126|
|Explorer Sport Trac Limited 2WD||$386||$572||$448||$26||$134||$1,566||$131|
|Explorer Sport Trac XLT 4WD||$386||$572||$448||$26||$134||$1,566||$131|
|Explorer Sport Trac Limited 4WD||$436||$698||$448||$26||$134||$1,742||$145|
|Explorer Sport Trac Limited AWD||$436||$698||$448||$26||$134||$1,742||$145|
|Get Your Own Custom Quote Go|
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Price estimates do not factor in your specific Tulsa location which can influence premiums significantly.
Ford Explorer Sport Trac full coverage rates compared to liability only
The example below visualizes the comparison of Ford Explorer Sport Trac auto insurance rates when comparing full coverage to liability only. The rates are based on no accidents or driving violations, $250 deductibles, drivers are not married, and no discounts are factored in.
When to stop paying for full coverage
There isn’t a written rule for excluding physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your Ford Explorer Sport Trac replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $6,000 after the deductible is paid. If premiums are more than $600 a year for full coverage, then it may be the right time to buy liability only.
There are some scenarios where dropping full coverage is not advised. If you haven’t paid off your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not eliminate full coverage.
Best reasons to buy car insurance in Oklahoma
Even though it’s not necessarily cheap to insure a Ford in Tulsa, paying for car insurance is mandatory in Oklahoma but it also protects more than you think.
First, just about all states have minimum liability requirements which means state laws require a minimum amount of liability coverage in order to drive the car. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if your Explorer Sport Trac has a loan, most banks will have a requirement that you have insurance to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the lender may insure your Ford for a much higher rate and make you pay the higher price.
Third, car insurance protects not only your Ford but also your assets. It will also reimburse you for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability insurance also pays expenses related to your legal defense if you are sued as the result of an accident. If your Ford gets damaged, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of buying enough insurance are definitely more than the cost, particularly if you ever have a claim. An average driver in America is wasting up to $700 annually so you should quote your policy with other companies once a year at a minimum to ensure rates are inline.
Smart Buyers Know How to Get Insurance for Less
A large part of saving on insurance is knowing a few of the rating criteria that are used to determine the price you pay for insurance. When consumers understand what controls the rates you pay, this empowers consumers to make smart changes that could result in big savings. Many things are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like your driving record, but some are more transparent like where you live or your commute time.
Poor driving habits leads to higher rates – Only having one moving violation can increase rates by as much as thirty percent. Careful drivers receive lower rates as compared to careless drivers. People who have dangerous violations like hit and run, DWI or reckless driving convictions may face state-mandated requirements to file a SR-22 with their state in order to keep their license.
The chart below highlights how traffic violations and at-fault fender-benders drive up Ford Explorer Sport Trac car insurance costs for different age categories. The rates are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
Never let your coverage expire – Not maintaining insurance is illegal and as a result your rates will increase for letting your coverage cancel without a new policy in place. In addition to paying higher rates, the inability to provide proof of insurance can result in a hefty fine and possibly a revoked license. You may have to submit proof of financial responsibility or a SR-22 with the Oklahoma motor vehicle department to get your license reinstated.
The type of vehicle you drive affects your costs – The make and model of the vehicle you need to insure makes a huge difference in how high your rates are. Economy passenger cars usually are quite affordable to insure, but the cost you end up paying is determined by many additional factors.
The chart below uses these variables: married female driver age 20, full coverage with $100 deductibles, and no discounts or violations. It compares Ford Explorer Sport Trac policy rates compared to other makes and models that have a range of performances.
Do safer cars cost less to insure? – Safer cars tend to have better insurance rates. These vehicles protect occupants better and reduced instances of injuries means less money paid by your insurance company passed on to you as lower rates. If your Ford Explorer Sport Trac scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
Pay lower premiums if you’re married – Getting married may save some money on insurance. It generally demonstrates drivers are less irresponsible it has been statistically shown that married drivers tend to have fewer serious accidents.
Annual miles is a factor – The higher the mileage driven in a year the more you’ll pay to insure it. Almost all companies calculate rates based on their usage. Cars used primarily for pleasure use qualify for better rates than vehicles that have high annual mileage. Improper usage on your Explorer Sport Trac is just wasting money. Double check that your declarations sheet is showing the right rating data.
Do thieves like your car? – Choosing to buy a car with advanced anti-theft systems can save you a little every year. Theft prevention devices such as OnStar, LoJack tracking, and tamper alarms can thwart vehicle theft.
Get the best coverage at the lowest price
More affordable insurance in Tulsa is attainable online as well as from independent agents in Tulsa, and you should compare rates from both to have the best rate selection. Some insurance companies may not offer price quotes online and many times these regional carriers sell through local independent agencies.
When trying to cut insurance costs, you should never reduce needed coverages to save money. In many instances, consumers will sacrifice liability coverage limits only to regret that a couple dollars of savings turned into a financial nightmare. The proper strategy is to find the BEST coverage at the best price but still have enough coverage for asset protection.
We’ve covered many ideas to find affordable Ford Explorer Sport Trac insurance in Tulsa. The most important thing to understand is the more times you quote, the better your comparison will be. You may even find the lowest priced insurance comes from a company that doesn’t do a lot of advertising.
Much more information about insurance in Oklahoma is available at the links below
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Who Has the Cheapest Tulsa Car Insurance Rates for Postal Workers? (FAQ)
- How Much are Auto Insurance Quotes for Drivers with a DUI in Tulsa? (FAQ)
- What Insurance is Cheapest for State Employees in Tulsa? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a Toyota Tundra in Tulsa? (FAQ)
- Electronic Stability Control FAQ (iihs.org)
- How to Avoid Staged Accidents (State Farm)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)