Auto Insurance Rates for a Ford Explorer Sport Trac in Fort Wayne

Insurance rates Ford Explorer Sport Trac in Fort WayneLocating better insurance prices for a Ford Explorer Sport Trac in Indiana could be a painful process, but you can follow a few tricks to find lower rates.

There is a right way and a wrong way to compare auto insurance rates so you’re going to learn the quickest way to get price quotes for a new or used Ford and get the lowest possible price.

You need to price shop coverage before your policy renews due to the fact that insurance prices are constantly changing. If you had the best quotes on Ford Explorer Sport Trac insurance in Fort Wayne a few years ago there may be better deals available now. Forget all the misinformation about auto insurance because it’s time to teach you the only way to save on auto insurance.

Shopping around for affordable protection in Fort Wayne is not as confusing as people think. If you have insurance now or just want to reduce your rates, take advantage of these tips to buy cheaper insurance while maintaining coverages. Comparison shoppers only need to know the most effective way to compare insurance rates online.

Ways to get Ford Explorer Sport Trac insurance quotes in Fort Wayne, IN

The auto insurance companies shown below offer quotes in Fort Wayne, IN. To get cheap car insurance in Indiana, we recommend you visit as many as you can to get the cheapest price.

Slash your auto insurance rates with these five discounts

Companies do not list every available discount in an easy-to-find place, so we researched a few of the more well known and the more hidden auto insurance savings.Cheaper auto insurance with discounts

Consumers should know that most discount credits are not given to all coverage premiums. Some only apply to the price of certain insurance coverages like medical payments or collision. Despite the fact that it seems like it’s possible to get free car insurance, companies don’t profit that way.

The diagram below visualizes the comparison of Ford Explorer Sport Trac annual premium costs with and without some available policy discounts. The premium estimates are based on a male driver, no claims or violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, safe-driver, multi-car, marriage, and claim-free discounts applied.

To choose companies with the best Ford Explorer Sport Trac insurance discounts in Fort Wayne in Indiana, click this link.

Coverage statistics and figures

The rate information displayed below covers a range of insurance prices for Ford Explorer Sport Trac models. Learning more about how rates are formulated can aid in making decisions on the best policy coverages.

Ford Explorer Sport Trac Insurance Rates in Fort Wayne, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer Sport Trac XLT 2WD $90 $156 $264 $16 $80 $606 $51
Explorer Sport Trac Limited 2WD $104 $156 $264 $16 $80 $620 $52
Explorer Sport Trac XLT 4WD $104 $156 $264 $16 $80 $620 $52
Explorer Sport Trac Limited 4WD $116 $190 $264 $16 $80 $666 $56
Explorer Sport Trac Limited AWD $116 $190 $264 $16 $80 $666 $56
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Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in vehicle garaging location which can increase or decrease auto insurance rates considerably.

Raise deductibles and save

The hardest decision when buying coverage is how low should you set your deductibles. The rates below highlight the rate differences when you select higher and lower policy deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second price grid uses a $1,000 deductible.

Ford Explorer Sport Trac insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer Sport Trac XLT 2WD $210 $358 $280 $16 $84 $973 $81
Explorer Sport Trac Limited 2WD $242 $358 $280 $16 $84 $1,005 $84
Explorer Sport Trac XLT 4WD $242 $358 $280 $16 $84 $1,005 $84
Explorer Sport Trac Limited 4WD $272 $436 $280 $16 $84 $1,113 $93
Explorer Sport Trac Limited AWD $272 $436 $280 $16 $84 $1,113 $93
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Ford Explorer Sport Trac insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer Sport Trac XLT 2WD $116 $188 $280 $16 $84 $684 $57
Explorer Sport Trac Limited 2WD $134 $188 $280 $16 $84 $702 $59
Explorer Sport Trac XLT 4WD $134 $188 $280 $16 $84 $702 $59
Explorer Sport Trac Limited 4WD $152 $230 $280 $16 $84 $762 $64
Explorer Sport Trac Limited AWD $152 $230 $280 $16 $84 $762 $64
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Prices do not factor in specific garaging location which can alter auto insurance rates substantially.

Based on this data, using a $100 deductible would cost the average driver about $26 more each month or $312 for a full year across all Ford Explorer Sport Trac models than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 35 months between claim filings, you would most likely save money if you decide on a higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $87
Average monthly premium for $1,000 deductibles (subtract): – $61
Monthly savings from raising deductible: $26
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 35 months

One thing to note is that a higher deductible level results in more money out-of-pocket if you have a claim. You need to have enough money put aside in the event you need to pay the higher deductible in order to repair your vehicle.

Full coverage or liability only

The chart below illustrates the comparison of Ford Explorer Sport Trac insurance prices with full physical damage coverage and with liability coverage only. The costs are based on no accidents or driving violations, $1,000 deductibles, drivers are not married, and no discounts are factored in.

Are you wasting money paying for full coverage?

There is no clear-cut formula to eliminate full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is about 10% or more 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 value is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $5,000 after you pay the deductible. If you are currently paying more than $500 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where eliminating full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Buying auto insurance from Fort Wayne insurance agencies

A small number of people would rather visit with an insurance agent and that is a personal choice. Insurance agents can help you choose the best coverages and give you someone to call. One of the benefits of comparing insurance prices online is that you can obtain the lowest rates and still have a local agent. And supporting neighborhood insurance agencies is important especially in Fort Wayne.

Fort Wayne insurance agentsAfter completing this form (opens in new window), your insurance coverage information is sent to companies in Fort Wayne that give free quotes for your insurance coverage. There is no need to contact any insurance agencies as quotes are delivered directly to you. In the event you want to compare rates from a specific company, don’t hesitate to go to their quote page and fill out the quote form the provide.

If you want to use a reliable insurance agent, there are two different types of agents and how they can service your needs differently. Insurance agencies in Fort Wayne can either be exclusive or independent agents depending on their company appointments. Both types of agents can write auto insurance policies, but it is important to understand why they differ since it could factor into which type of agent you select.

Independent Auto Insurance Agencies or Brokers

Independent insurance agents do not write with just one company so they have the ability to put coverage with a variety of different insurance companies and find you the best rates. If they quote lower rates, the agent simply finds a different carrier and you won’t have to switch agencies.

If you are comparing auto insurance prices, you absolutely need to compare quotes from a couple of independent agencies to maximize your price options. Most independent agents also contract with different regional companies that can offer cheaper rates than bigger companies.

Listed below is a small list of independent insurance agencies in Fort Wayne who can help you get competitive price quotes.

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Exclusive Agencies

These agents can only provide pricing for a single company and examples are State Farm, Allstate and AAA. They are unable to provide other company’s prices so they are skilled at selling on more than just price. Exclusive agents receive a lot of sales training on their company’s products which aids in selling service over price. Consumers sometimes purchase coverage from exclusives mainly due to the prominent brand name rather than having the cheapest rates.

Shown below are Fort Wayne exclusive insurance agencies that are able to give comparison quotes.

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Finding a good auto insurance agent requires you to look at more than just a cheap price quote. You should also get answers to these questions.

Specific coverage details

Learning about specific coverages of your auto insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Comprehensive auto insurance – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like a broken windshield, theft, a tree branch falling on your vehicle and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision – This will pay to fix damage to your Explorer Sport Trac resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as damaging your car on a curb, sustaining damage from a pot hole, crashing into a building, sideswiping another vehicle and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible on your Explorer Sport Trac to save money on collision insurance.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like X-ray expenses, prosthetic devices, dental work and chiropractic care. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Auto liability insurance – This coverage provides protection from damages or injuries you inflict on other people or property that is your fault. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/10 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $10,000. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for things like medical services, attorney fees and emergency aid. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible. Indiana state minimum liability requirements are 25/50/10 but drivers should carry more coverage.

The illustration below shows why buying low liability limits may not be enough.

Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Ford Explorer Sport Trac.

Because many people have only the minimum liability required by law (Indiana limits are 25/50/10), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

One last note

Some insurance companies don’t offer the ability to get quotes online and most of the time these regional carriers work with independent agents. The cheapest Ford Explorer Sport Trac insurance in Fort Wayne can be bought on the web as well as from insurance agents, and you should compare rates from both to have the best chance of lowering rates.

We’ve covered many ways to save on Ford Explorer Sport Trac insurance in Fort Wayne. The key concept to understand is the more you quote Fort Wayne car insurance, the higher your chance of finding inexpensive Fort Wayne car insurance quotes. Drivers may even discover the lowest premium rates are with a small local company.

As you restructure your insurance plan, you should never skimp on coverage in order to save money. There are a lot of situations where someone dropped liability coverage limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your objective should be to find the BEST coverage at the best cost, not the least amount of coverage.

How to find cheaper rates for Ford Explorer Sport Trac insurance in Fort Wayne

If your goal is the lowest price, then the best way to find affordable quotes for Ford Explorer Sport Trac insurance is to regularly compare price quotes from insurance carriers who sell insurance in Fort Wayne. You can compare rates by completing these steps.

Step 1: It will benefit you to learn about the coverage provided by your policy and the measures you can take to keep rates down. Many policy risk factors that increase rates like multiple speeding tickets and poor credit can be amended by making minor changes to your lifestyle.

Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO and State Farm, while independent agencies can provide prices from multiple companies. Find a Fort Wayne insurance agent

Step 3: Compare the quotes to your current policy premium and determine if cheaper Explorer Sport Trac coverage is available in Fort Wayne. If you can save money and make a switch, make sure coverage is continuous and does not lapse.

The most important part of shopping around is to try to use identical coverages on each quote request and and to compare as many companies as possible. Doing this provides a fair price comparison and and a good selection of different prices.

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