Would you like to find more competitive Ford Explorer insurance in Memphis? Having to pay for overpriced Ford Explorer insurance in Memphis can deplete your savings and force you to prioritize other expenses. Comparing rate quotes can help to cut your insurance bill.

Insurance for Ford ExplorerShocking but true, almost 70% of insureds renewed their policy with the same company for well over three years, and just short of a majority have never compared rate quotes at all. Memphis insurance shoppers could save roughly 35% every year, but most just don't grasp the large savings they would see if they switched. Since you have so many car insurance companies to choose from, it is very difficult to find a more affordable car insurance company.

This article will instruct you on how auto insurance companies operate and also save some money in the process If you already have coverage, you will surely be able to shop for the lowest rates using the concepts covered in this article. You just need to use the best way to compare rates from many companies at once.

Best companies for Ford Explorer insurance

The companies shown below are our best choices to provide quotes in Memphis, TN. If several companies are displayed, it's a good idea that you visit several of them in order to find the cheapest rates.

Ford Explorer Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $202 $306 $390 $24 $116 $1,038 $87
Explorer Eddie Bauer 2WD $276 $454 $390 $24 $116 $1,260 $105
Explorer XLT 4WD $204 $284 $298 $18 $90 $894 $75
Explorer XLT AWD $238 $416 $376 $22 $112 $1,164 $97
Explorer Eddie Bauer 4WD $160 $258 $278 $16 $82 $794 $66
Explorer Eddie Bauer AWD $216 $368 $326 $20 $98 $1,028 $86
Explorer Limited 2WD $228 $372 $390 $24 $116 $1,130 $94
Explorer Limited 4WD $252 $376 $288 $18 $86 $1,020 $85
Explorer Limited AWD $134 $232 $326 $20 $98 $810 $68
Get Your Own Custom Quote Go

Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium amounts do not factor in zip code location which can impact prices substantially.

Policy deductibles

When comparing auto insurance rates, the most common question is how high should your deductibles be. The tables below determine the differences in premium rates between high and low comp and collision deductibles. The first rate estimation uses a $250 deductible and the second pricing table uses a $500 deductible.

Ford Explorer insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $224 $310 $288 $18 $86 $951 $79
Explorer Eddie Bauer 2WD $224 $310 $288 $18 $86 $951 $79
Explorer XLT 4WD $224 $310 $288 $18 $86 $951 $79
Explorer XLT AWD $224 $310 $288 $18 $86 $951 $79
Explorer Eddie Bauer 4WD $252 $376 $288 $18 $86 $1,045 $87
Explorer Eddie Bauer AWD $252 $376 $288 $18 $86 $1,045 $87
Explorer Limited 2WD $252 $376 $288 $18 $86 $1,045 $87
Explorer Limited 4WD $252 $376 $288 $18 $86 $1,045 $87
Explorer Limited AWD $252 $376 $288 $18 $86 $1,045 $87
Get Your Own Custom Quote Go
Ford Explorer insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $182 $250 $288 $18 $86 $824 $69
Explorer Eddie Bauer 2WD $182 $250 $288 $18 $86 $824 $69
Explorer XLT 4WD $182 $250 $288 $18 $86 $824 $69
Explorer XLT AWD $182 $250 $288 $18 $86 $824 $69
Explorer Eddie Bauer 4WD $204 $304 $288 $18 $86 $900 $75
Explorer Eddie Bauer AWD $204 $304 $288 $18 $86 $900 $75
Explorer Limited 2WD $204 $304 $288 $18 $86 $900 $75
Explorer Limited 4WD $204 $304 $288 $18 $86 $900 $75
Explorer Limited AWD $204 $304 $288 $18 $86 $900 $75
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Prices do not factor in the specific area where the vehicle is garaged which can increase or decrease rates substantially.

Using the data above, we can ascertain that using a $250 deductible would cost the average driver about $11 more each month or $132 each year than choosing the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 23 months between claims, you would probably be better off by going with a higher deductible.

Full coverage versus liability-only in Memphis

The information below examines Ford Explorer car insurance costs with full coverage and liability only. The premium estimates are based on no claims or violations, $100 deductibles, married male driver, and no discounts are factored in.

When to stop paying for full coverage

There is no clear-cut rule of when to phase out physical damage insurance, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let's say your Ford Explorer replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after you pay the deductible. If you are paying over $400 a year for full coverage, then you might want to think about dropping full coverage.

There are some cases where removing full coverage is not recommended. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Analysis of deductible levels

The diagram below highlights how deductible selection and can influence Ford Explorer insurance rates for each age group. Data assumes a married female driver, full physical damage coverage, and no discounts are applied.

Memphis car insurance discounts

Companies do not list all their discounts in an easy-to-find place, so the list below contains both the well known and also the more inconspicuous car insurance savings.

As is typical with insurance, most discount credits are not given to all coverage premiums. Most only cut the price of certain insurance coverages like collision or personal injury protection. So even though you would think adding up those discounts means a free policy, you're out of luck.

A few popular companies and some of the premium reductions they offer can be found below.

When comparing rates, check with all companies you are considering which discounts can lower your rates. Some discounts might not be offered on policies in Memphis. To find providers that have a full spectrum of discounts in Tennessee, click this link.

Tailor your insurance coverage to you

Always remember that when buying proper insurance coverage, there is no cookie cutter policy. Your needs are unique to you.

For example, these questions might help in determining if your insurance needs would benefit from an agent's advice.

If you're not sure about those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form. It is quick, free and may give you better protection.

Compare rate quotes but buy from a neighborhood Memphis auto insurance agent

A lot of people would rather get advice from a local agent and there is nothing wrong with that. Professional insurance agents can point out coverage gaps and help in the event of a claim. An additional benefit of getting free rate quotes online is you may find lower rates and still have a local agent. And buying from local insurance agencies is important particularly in Memphis.

Memphis insurance agentsUpon completion of this short form, your insurance coverage information gets sent to insurance agents in Memphis who will give you quotes and help you find cheaper coverage. It makes it easy because there is no need to contact any insurance agencies as quotes are delivered to your email. In the event you want to compare prices from a specific company, don't hesitate to visit that company's website to submit a rate quote request.

When searching for local Memphis agents, you should know the different types of agencies and how they can service your needs differently. Auto insurance policy providers can be described as either exclusive agents or independent agents. Both can sell and service auto insurance coverage, but it is a good idea to know how they are different since it can affect which agent you choose.

Independent Auto Insurance Agents (or Brokers)

Agents in the independent channel can quote rates with many companies and that enables them to quote your coverage with many different companies depending on which coverage is best. If your agent finds better pricing, they simply switch companies in-house and the insured can keep the same agent.

If you are comparing rate quotes, we highly recommend that you include a couple of independent agencies in order to compare the most rates.

Below is a short list of independent insurance agencies in Memphis that can possibly get you cheap rate quotes.

1568 Union Ave - Memphis, TN 38104 - (901) 274-5424 - View Map

1850 Poplar Crest Cove Ste 102 - Memphis, TN 38119 - (901) 762-8585 - View Map

2550 Poplar Ave - Memphis, TN 38112 - (901) 458-1630 - View Map

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Exclusive Insurance Agents

These type of agents write business for a single company and examples are State Farm, AAA, Farmers Insurance or Allstate. Exclusive agencies are unable to shop your coverage around so always compare other rates. They receive a lot of sales training on the products they sell which aids in selling service over price.

Below are Memphis exclusive insurance agencies willing to provide price quotes.

2900 Kirby Pkwy Ste 2 - Memphis, TN 38119 - (901) 794-8848 - View Map

420 S Germantown Pkwy #109 - Cordova, TN 38018 - (901) 761-5240 - View Map

3486 Poplar Ave #102 - Memphis, TN 38111 - (901) 454-7912 - View Map

More insurance agents

Deciding on a insurance agent shouldn't rely on just the premium amount. Get answers to these questions too.

Quote more to save more

As you quote Memphis car insurance, make sure you don't skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced liability coverage limits only to regret that it was a big error on their part. Your goal should be to get the best coverage possible at a price you can afford but still have enough coverage for asset protection.

Lower-priced car insurance in Memphis can be bought from both online companies as well as from independent agents in Memphis, and you should compare rates from both to have the best selection. Some insurance companies do not offer the ability to get quotes online and most of the time these smaller companies prefer to sell through local independent agencies.

We just showed you many ideas to lower your Ford Explorer insurance rates in Memphis. The key thing to remember is the more providers you compare, the higher the chance of saving money. You may even find the best price on car insurance is with the least-expected company.

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