Cheapest Quotes for Ford Explorer Sport Trac Insurance in Minneapolis

Sadly, almost 70% of drivers have bought auto insurance from the same company for well over three years, and just under half have never taken the time to shop around. Many consumers in Minnesota could save almost 50% each year just by shopping around, but they don’t understand how simple it is to compare rates online.

To save the most money, the best way to save on Ford Explorer Sport Trac insurance is to regularly compare prices from insurance carriers that sell auto insurance in Minneapolis.

• First, spend a few minutes and learn about how insurance companies determine prices and the measures you can control to keep rates low. Many rating criteria that are responsible for high rates such as traffic citations, accidents, and a not-so-good credit rating can be rectified by making minor changes in your lifestyle.
• Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like GEICO or State Farm, while agents who are independent can give you price quotes from many different companies.
• Third, compare the new rates to your existing policy to see if cheaper Explorer Sport Trac coverage is available. If you find better rates and switch companies, ensure there is no coverage lapse between policies.
• Fourth, give notification to your agent or company of your intention to cancel your current auto insurance policy and submit the required down payment along with the signed application to your new agent or company. Once coverage is bound, safely store the certificate verifying proof of insurance in your vehicle.

An important part of this process is that you’ll want to compare identical coverage information on each quote request and and to get rates from as many auto insurance providers as possible. Doing this enables a fair rate comparison and a complete price analysis.

How to buy Minneapolis Ford Explorer Sport Trac insurance online

When comparing auto insurance rates, know that making a lot of price comparisons helps locate more affordable rates.

The companies in the list below have been selected to offer free rate quotes in Minnesota. To get cheap auto insurance in Minneapolis, MN, we recommend you visit two to three different companies to find the most affordable car insurance rates.

Auto insurance rates and discounts

Car insurance companies don’t always publicize all possible discounts in an easy-to-find place, so here is a list both the well known as well as the least known discounts that may be available. If you check and find you aren’t receiving every discount possible, it’s possible you qualify for a lower rate.

• Multi-policy Discount – If you can combine your homeowners and auto policy and place coverage with the same company you could earn a discount of at least 10% off all policies.
• Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts may get savings as much as 30%.
• Pay Now and Pay Less – By paying your policy upfront rather than paying in monthly installments you could save 5% or more.
• Discount for Life Insurance – If the company offers life insurance, you could get a discount if you purchase a life insurance policy as well.
• Drive Less and Save – Fewer annual miles on your Ford could earn better premium rates on cars that stay parked.
• ABS and Traction Control Discounts – Vehicles that have anti-lock braking systems can stop better under adverse conditions and will save you 10% or more on Explorer Sport Trac insurance in Minneapolis.
• Anti-theft System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen less frequently and will qualify for a discount on a Minneapolis auto insurance quote.
• Distant Student – College-age children who are attending college and won’t have access to an insured vehicle could qualify for this discount.

Keep in mind that many deductions do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like comprehensive or collision. So even though you would think you would end up receiving a 100% discount, nobody gets a free ride.

The information below illustrates the comparison of Ford Explorer Sport Trac auto insurance rates with and without some available policy discounts. The premiums are based on a male driver, no claims, a clean driving record, Minnesota state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, claim-free, multi-car, and multi-policy discounts applied.

To choose insurers that offer some of these discounts in Minneapolis, click here.

Analysis of Ford Explorer Sport Trac rates

The rate information shown below covers a range of policy rates for Ford Explorer Sport Trac models. Learning more about how insurance policy rates are formulated is important to be able to make decisions when shopping your coverage around.

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Information does not factor in specific zip code location which can decrease or increase coverage rates noticeably.

How high should deductibles be?

When buying auto insurance, a common question is how high or low should comp and collision deductibles be. The comparison tables below help summarize the difference in cost when you select higher and lower physical damage coverage deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second data table uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in vehicle location which can influence premium rates noticeably.

Using the premium rates above, we can conclude that using a $100 deductible costs approximately $30 more each month or $360 annually than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go more than 30 months between claim filings, you would most likely save money by going with a higher deductible.

The chart below highlights how deductible selection and can raise or lower Ford Explorer Sport Trac insurance costs for different ages of insureds. Data assumes a married female driver, comp and collision included, and no discounts are factored in.

Full coverage rates vs. liability-only

The information below compares Ford Explorer Sport Trac insurance costs with liability coverage only compared to full coverage. The data assumes no accidents, no driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.

Should you pay for full coverage or liability only?

There is no exact rule for excluding comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Ford Explorer Sport Trac claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,000 after the deductible is paid. If it’s costing you more than $700 annually for your policy with full coverage, then you may need to consider dropping full coverage.

There are some conditions where removing full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

What Impacts Ford Explorer Sport Trac Insurance Premiums?

Consumers need to have an understanding of the different types of things that aid in calculating auto insurance rates. If you know what determines premiums, this allows you to make educated decisions that can earn you cheaper rates. Many factors are part of the equation when quoting car insurance. Some factors are common sense like a motor vehicle report, but some are not as apparent like your continuous coverage or your financial responsibility.

Drive a safer car and pay less – Safe vehicles are cheaper to insure. These vehicles have better occupant injury protection and fewer injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders.

Your vocation may affect rates – Occupational choices like judges, executives, and accountants tend to have higher premium rates attributed to intense work-related stress and lots of time spent away from family. Conversely, jobs such as actors, engineers and retirees pay lower than average rates.

Know your credit rating – Your credit rating can be a huge factor in calculating your auto insurance rates. Drivers with high credit scores tend to be better risks to insure than those with lower credit scores. So if your credit leaves room for improvement, you could potentially save money when insuring your Ford Explorer Sport Trac by repairing your credit.

Careless drivers pay higher costs – Whether or not you get tickets has a lot to do with how much you pay for insurance. Careful drivers have lower premiums than bad drivers. Even one chargeable violation can increase the cost of insurance substantially. Drivers who get license-revoking violations like DUI, reckless driving or excessive speeding are required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to legally drive a vehicle.

The illustration below highlights how traffic violations and accidents can affect Ford Explorer Sport Trac insurance premiums for each age group. The costs are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

Costs can change based on your address – Having an address in areas with lower population may provide you with better prices when trying to find low car insurance rates. Lower population corresponds to lower accident rates in addition to lower liability claims. People in densely populated areas have to deal with traffic congestion and more time behind the wheel. More time on the road statistically corresponds to a higher accident and claim rate.

Deter vehicle theft – Buying a car with anti-theft technology or alarm system can earn a premium discount. Theft deterrent systems such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop auto theft and help lower rates.

Decrease rates by maintaining coverage – Not maintaining insurance is illegal and any future policy may cost more because you let your coverage have a gap. Not only will you pay higher rates, not being able to provide proof of insurance could result in a fine, jail time, or a revoked license. You may need to file a SR-22 with the Minnesota department of motor vehicles.

Gender and car insurance prices – Statistics demonstrate women tend to be less risk to insure than men. That doesn’t necessarily mean that women are BETTER drivers than men. Both genders are in accidents at about the same rate, but men tend to have higher claims. In addition to higher claims, males also get higher numbers of serious violations such as DWI and reckless driving. Males from age 16 to 21 are most likely to cause an accident and are penalized with high auto insurance rates.

The illustration below illustrates the comparison of Ford Explorer Sport Trac annual premium costs for male and female drivers. The rate quotes are based on no violations or accidents, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.