Insurance for Ford Trucks - 10 Ways to Reduce Your Ford Explorerís Insurance Costs

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10 Ways to Reduce Your Ford Explorerís Insurance Costs
If you own a Ford Explorer, you already know that it can cost a fortune to insure an SUV. But just because you drive a large vehicle doesnít mean you should overpay for car insurance. Insure your Explorer for less by following these 10 tips.

1. Shop Around, Save Money

Shopping around is a great way to reduce your Explorerís premium. According to an independent study, drivers who compare rates and switch carriers at save an average of $301* on a six month policy. And not all companies offer the best rates to SUV owners, so compare quotes and see how much you can save.

2. Multi-Line Insurance Discounts

Insuring your Explorer and home with a single insurance company could save you up to 15 percent on both premiums.

3. Raise Your Deductible

The higher your deductible, the lower your premium. In fact, raising your deductible from $250 to $1,000 can save between 25 and 40 percent on the comprehensive and collision portion of your premium.

4. Donít Overpay for a Ticket or Accident

If youíve taken your Explorer a bit too fast and got nailed for a ticket or accident, you donít have to be a prisoner to your car insurance company. Shopping around for quotes with could help you find a more reasonable rate with another insurance company.

5. Skip Monthly Installments

Administrative fees are applied to payments when you split your premium into installments (i.e. monthly, semi-annual, annual). These fees may seem negligible, but they add up over the long runóeven $7 a month will cost you $84 over the course of a year.

6. Good Driver Discounts

Most companies offer discounts to those with good driving records. If you havenít had any accidents or tickets in the past three to five years, shop around for updated quotes and make the most of your clean driving record.

7. Discounts for Good Students and Seniors

Students who maintain good grades (usually a ĎBí average) may qualify for a good student discount, and drivers over 50 may be eligible for a senior discount.

8. Safe Vehicle Discounts

A number of insurers offer discounts for vehicles equipped with safety features, including air bags, security alarms and antilock brakes. While getting updated insurance quotes, make sure you mention these safety features to see if you qualify for a discount.

9. Drop Unnecessary Coverage

Are you paying for coverage you donít need? For instance, your Explorer may have roadside assistance coverage through the auto insurer and an automotive club. Eliminate unnecessary costs and keep a few extra dollars in your pocket.

10. Drive Less, Pay Less

Do you keep your annual mileage low? If so, you may be eligible for a low-mileage discount from your insurer.

See? Insuring an SUV doesnít have to cost a fortune. Follow these 10 tips and save a bundle insuring your Ford Explorer.

*National average savings information based on InsWeb 6-month policyholder survey data from 4/27/05 to 7/4/05.


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