Compare the Cost of Ford Explorer Insurance by Model Year and Company

Shopping around can be a good idea if you are looking to purchase insurance for a Ford Explorer. Different companies have varying costs to insure the same car, and comparing rates can help you find a better deal. The cheapest option can also change based on your driving profile and the model year of your car.

Key Takeaways

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The average annual cost of insuring a Ford Explorer is $1,228 per year, compared to a $1,428 average annual cost across all car models.

Ford Explorer insurance rates can vary by as much as $391 per year, depending on the company. Comparing rates can help you save money.

The cost of insuring a Ford Explorer can change by as much as $327 per year based on the age of your car. Generally, you’ll find cheaper rates for older models.

The insurance provider you choose can greatly impact your Ford Explorer insurance rates. The average cost of insurance for a Ford Explorer is $1,228, but costs vary depending on the provider.

The cheapest auto insurance option is GEICO, which costs an average of $1,062 annually. You can potentially save up to $391 per year by choosing GEICO instead of the most expensive insurer.

The Average Annual Cost of Ford Explorer Insurance by Company

MoneyGeek used a sample driver profile to collect information about insurance provider rates. In this scenario, the sample driver has 100/300/100 liability insurance with comprehensive and collision coverage.

The Average Cost to Insure a Ford Explorer by Company

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• Company
  Average Annual Rates
• 1.
  GEICO
  $1,062
• 2.
  USAA
  $1,080
• 3.
  Progressive
  $1,179
• 4.
  State Farm
  $1,225
• 5.
  Nationwide
  $1,305
• 6.
  Allstate
  $1,452
• 7.
  Allied
  $1,453

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Insurers take a variety of factors into account when determining the cost of car insurance for a given model of car. Higher insurance rates are typically associated with expensive cars, cars more likely to be in an accident and cars with a higher probability of theft.

Ford Explorers are inexpensive to insure. The Ford Explorer is a low-value car that is not likely to need expensive repairs. It is also a low horsepower car, making it less likely to get involved in a severe accident. Both these factors likely cause the insurance rates to come down.

Cost should not be the only factor you look at when purchasing insurance for your Ford Explorer. You should also research and analyze other details about an insurer before purchasing insurance.

MoneyGeek’s rating system, based on customer satisfaction, customer complaints, affordability and financial stability, found that:

• USAA is the best choice for car insurance for a Ford Explorer. However, USAA is available only to military members and their families.
• GEICO is the second-best choice for Ford Explorer insurance.

Expand All Rankings +

1

USAA

Score:98

-

4.9/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2

GEICO

Score:90

-

5/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3

Progressive

Score:83

+

4.4/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4

State Farm

Score:82

+

4.2/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5

Nationwide

Score:77

+

3.8/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

6

Allstate

Score:69

+

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

7

Allied

Score:NaN

+

3/5

Affordability

#N/A

Claims Ratings

#N/A

User Satisfaction

#N/A

Financial Stability

Older cars can be cheaper to insure. The value of a car depreciates over time, and, consequently, comprehensive and collision coverage become less expensive.

For a 2005 Ford Explorer, the average insurance cost is $1,009 per year. Insurance rates for a 2020 Ford Explorer are roughly I $1,336 annually. That is a $327 difference.

Depending on the model year, different companies may provide cheaper rates. The cheapest insurer for a 2020 Ford Explorer is GEICO, with an average annual cost of $1,047.

Scroll to your model year below to compare the rates from various providers. The cheapest company can change depending on the model year.

The Average Cost to Insure a Ford Explorer by Model Year

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• Company
  Average Annual Rates (2020 model)
  Average Annual Rates (2019 model)
  Average Annual Rates (2018 model)
  Average Annual Rates (2017 model)
  Average Annual Rates (2016 model)
  Average Annual Rates (2010 model)
  Average Annual Rates (2005 model)
• 1.
  GEICO
  $1,155
  $1,130
  $1,130
  $1,113
  $1,085
  $934
  $888
• 2.
  USAA
  $1,212
  $1,149
  $1,233
  $1,118
  $1,077
  $926
  $841
• 3.
  Progressive
  $1,187
  $1,298
  $1,259
  $1,248
  $1,229
  $1,059
  $974
• 4.
  State Farm
  $1,335
  $1,311
  $1,289
  $1,271
  $1,286
  $1,107
  $975
• 5.
  Nationwide
  $1,356
  $1,373
  $1,390
  $1,404
  $1,309
  $1,150
  $1,155
• 6.
  Allstate
  $1,660
  $1,592
  $1,555
  $1,465
  $1,438
  $1,269
  $1,183
• 7.
  Allied
  $1,553
  $1,542
  $1,573
  $1,534
  $1,471
  $1,230
  $1,265

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Driving a Ford Explorer is on the inexpensive side when it comes to your car insurance policy. It costs an average of $1,228 per year to insure a Ford Explorer, or $200 less than the national average.

No matter which car they drive, young drivers typically pay more for insurance due to their inexperience. Their inexperience translates to an increased risk for insurers.

For an 18-year-old driver, the average cost of insuring a Ford Explorer is $4,007 per year. The same insurance for a 40-year-old driver is roughly $1,228.

Parents can help their teens save money by adding them to their policy. It is usually more expensive to insure young drivers if they get their own car insurance.

Drivers can find the cost of car insurance for drivers ages 16 to 25 below.

The Average Cost to Insure a Ford Explorer by Driver Age

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• Age
  Average Annual Rates
• 16
  $5,137
• 17
  $4,551
• 18
  $4,007
• 19
  $2,870
• 20
  $2,562
• 21
  $2,028
• 22
  $1,868
• 23
  $1,709
• 24
  $1,604
• 25
  $1,456
• 40
  $1,228

Show more

While the costs discussed in this article are based on a national average, your place of residence can significantly impact car insurance costs. Learn more about the cost of car insurance in individual states with our state page analysis.

The model of your car significantly impacts your car insurance costs. However, it is not the only important factor. Here are some common questions about insuring a Ford Explorer.

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About Mark Fitzpatrick

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Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.

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