Best Cheap Insurance for a Ford Explorer in Mississippi

Best Cheap Insurance for a Ford Explorer in Mississippi

Because the topic is car insurance, the word cheap shouldn’t be used anywhere to describe car insurance rates. It’s a simple fact that cheap car insurance for a Ford Explorer is almost non-existent. But don’t let that discourage you, because there may be ways you can find car insurance that is affordable.

Your odds of finding cheap auto insurance for a Ford Explorer in Mississippi hinges on a complicated equation that takes into consideration things like the safety features built into your vehicle, the size of your vehicle, and if you have any chargeable driving offenses. Drivers in Mississippi pay on average $1,130 annually to insure their Explorer, but that is an estimation using rate data for a 40-year-old single female driver who purchased comprehensive and collision coverage and $250 physical damage deductibles.

When projecting a rate like this, the problem is that you aren’t exactly 40 years old or even a female, you might be married instead of single, and there is a good chance that other rated drivers impact the rate. Every driver has a different risk profile, so the best way to find cheap auto insurance rates for your Ford is to do a thorough rate comparison.

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The trim level of your vehicle tends to have a direct impact on price, so the price you pay to insure a Explorer XLT 2WD will be $116 cheaper than the price to insure the higher-priced Explorer Limited AWD trim level, as shown in the chart below.

Ford Explorer Insurance Rates in Mississippi
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $238 $390 $418 $24 $126 $1,196 $100
Explorer Eddie Bauer 2WD $238 $390 $418 $24 $126 $1,196 $100
Explorer XLT 4WD $238 $390 $418 $24 $126 $1,196 $100
Explorer XLT AWD $238 $390 $418 $24 $126 $1,196 $100
Explorer Eddie Bauer 4WD $270 $474 $418 $24 $126 $1,312 $109
Explorer Eddie Bauer AWD $270 $474 $418 $24 $126 $1,312 $109
Explorer Limited 2WD $270 $474 $418 $24 $126 $1,312 $109
Explorer Limited 4WD $270 $474 $418 $24 $126 $1,312 $109
Explorer Limited AWD $270 $474 $418 $24 $126 $1,312 $109
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Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Mississippi minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in garaging location in Mississippi which can impact insurance rates significantly.

Trying to buy budget auto insurance is not most people’s favorite thing to do, and finding out which companies quote the cheapest insurance rates for a Ford Explorer takes even more perseverance. Every insurance company has a different formula to determine rates, so let’s begin by taking a look at the insurance companies that tend to be cheaper in Mississippi.

We do need to point out that Mississippi insurance rates are influenced by many factors that may substantially change the price you pay for coverage. This is why drivers need to compare lots of rates to get the best auto insurance quotes for a Ford Explorer. Rates consist of many risk factors and can change without notice, so the cheapest company when you bought your policy may now be quite expensive.

Lowest Insurance Price Quotes for Your Explorer

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USAA may have some of the lowest car insurance rates in Mississippi at around $831 a year. Travelers, Unitrin, Direct General, and ALFA also are some of the lowest-priced Mississippi car insurance companies.

In the above example, if you currently have coverage with Direct General and switched to Travelers, you may see an annual premium reduction of roughly $301. Mississippi drivers with ALFA may save as much as $360 a year, and Safeway policyholders might lower prices by $410 a year.

To find the best cheap insurance for a Ford Explorer in Mississippi, click here to start your free quote or visit several of the following companies.

Be aware that those prices are averages for all types of drivers and the different vehicles they drive and are not factoring in a specific rating modification for a Ford Explorer. So the insurer that can offer the best rates for your situation may not even be shown in the chart above. That helps illustrate why you need to quote rates from many companies using your own driver information and specific vehicle type.

Get discounts on Mississippi auto insurance rates

Cheaper Mississippi insurance for an ExplorerAuto insurance companies that provide the best cheap insurance for a Ford Explorer in Mississippi could also offer special discounts that could reduce prices by as much as 40% or more if you meet specific criteria. Larger insurance companies and their possible discounts are included below.

  • Farmers Insurance may offer discounts for homeowner, distant student, switch companies, multi-car, and early shopping.
  • Esurance discounts include paid-in-full, Switch & Save, claim free, DriveSense, anti-theft, and online quote.
  • State Farm has discounts for driver’s education, passive restraint, anti-theft, Drive Safe & Save, multiple autos, and defensive driving training.
  • GEICO includes discounts for driver training, defensive driver, anti-theft, daytime running lights, and membership and employees.
  • Allstate offers premium reductions for eSmart discount, new car, early signing, good student, senior citizen, and teenSMART discount.

The example below illustrates the difference between car insurance costs with and without discounts applied to the rates. The costs are based on a female driver, no claims or driving citations, Mississippi state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with accident-free, vehicle safety, homeowner, passive restraint, defensive driving course, and anti-theft discounts applied. When taking advantage of discounts, the average amount saved each year on insurance for a Ford Explorer is 28% or $483.

The information below illustrates how choosing a deductible can change insurance costs when quoting cheap insurance for a Ford Explorer. The data assumes a married female driver, comp and collision included, and no policy discounts are applied.

In the chart above, a 50-year-old driver could reduce rates by $228 a year by switching from a $100 deductible to a $500 deductible, or save $348 by choosing a $1,000 deductible. Younger drivers, such as the Age 20 example, have the ability to save as much as $570 every year by selecting a higher deductible.

When raising deductibles, it is a good idea to have enough in a savings account to be able to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

How to find more affordable insurance for a Ford Explorer

Lowering your rates is not difficult, and here are some of the better money-saving ideas that can help you find more affordable coverage.

  • Tickets and violations raise rates
  • Bundle home or renters insurance to earn a discount on car insurance
  • Drive a car with a high safety rating
  • Don’t have frequent claims
  • Avoid accidents
  • Look for cheaper rates once a year by shopping around

That last tip is remarkably critical, as was noted in this write-up. Auto insurance rates change a lot, so don’t be unwilling to switch carriers if a lower-cost policy is available.

Brand loyalty is not necessarily bad, but it isn’t a good idea if your bullheadedness ends up costing you a lot of money every month. If you have a few minutes, now is a great time to shop around and find cheaper auto insurance for a Ford Explorer.

Cheapest Ford Explorer insurance quotes

There are quite a few ways to purchase insurance in Mississippi, but the three most common methods are through an independent insurance agent, an exclusive insurance agent like Allstate or Liberty Mutual, or from a direct company like Geico.

Each way has the same basic steps, but it’s important to understand the differences in how they function.

Independent insurance agents work for many companies and can get policy pricing from all of them. These types of agents do not work for one specific company and can give you more rates, which may provide you with more bang for your buck. If a cheaper rate is found, it’s simple to move the policy which prevents you from having to find an new insurance agent.

A captive, or exclusive, agent is only able to quote rates from just one company such as a Liberty Mutual or State Farm agent. Exclusive agents cannot provide multiple price quotes, so if their prices are high, they cannot shop around.

Buying direct means you forego a local agent and buy direct online or over the phone from a company like Progressive or Esurance. Shopping for insurance direct may be good for people who do not need advice for asset protection and know what coverages they need.

Out of those three methods, which one works best to buy the best cheap insurance for a Ford Explorer in Mississippi? Most drivers assume that buying direct results in the cheapest rates since there is no need to pay agent commissions, but unfortunately, it’s not that simple. It would also be easy to say buying insurance from an independent agent guarantees the cheapest rates due to having more companies to select from, but again, it’s not necessarily true. And often times, exclusive agencies have very competitive rates that independents and direct companies can’t touch.

Due to the large number of rating factors, the only true way to get the lowest rate is to get rate quotes and compare. We highly recommend getting rate quotes from independent agents, exclusive agents, and direct companies to give yourself the best selection. For a list of companies with some of the cheapest Mississippi insurance rates, click here to view.