Find Affordable Ford Explorer Sport Trac Insurance in Denver

Are you researching low-cost Ford Explorer Sport Trac insurance in Denver? No normal person looks forward to buying car insurance, especially knowing their premiums are too high.

A recent car insurance study discovered that nearly 70% of Colorado drivers have bought car insurance from the same company for at least the last four years, and about 40% of consumers have never compared rates to find cheap insurance. With the average premium in the U.S. being $1,847, drivers could save almost 47% every year just by shopping around, but they mistakenly think it’s difficult to find cheap rates by getting comparison quotes. Lots of insurers contend for your business, and it can be difficult to compare rates to get the best price available on Ford Explorer Sport Trac insurance in Denver.

If you are already insured or just want cheaper rates, follow these tips to save money and still have adequate protection. Finding affordable car insurance coverage in Denver is not that difficult. Smart buyers only have to learn the proper way to compare different rates over the internet.

Finding Ford Explorer Sport Trac insurance in Denver, Colorado

Most companies give price estimates on their websites. Doing online price comparisons for Ford Explorer Sport Trac insurance in Denver is possible for anyone as you just enter your required coverages into the form. Once entered, their rating system pulls your credit score and driving record and gives you a price quote based on the information you submitted. This helps simplify price comparisons, and it is imperative to get many rate quotes in order to get the lowest payment.

To save time and get comparison pricing now, compare rate quotes from the providers shown below. If you have coverage now, it’s recommended you enter the coverages as shown on your current policy. This way, you will be getting rate quotes using the exact same coverages.

The auto insurance companies shown below can provide quotes in Colorado. If multiple companies are shown, we recommend you compare several of them to find the most competitive auto insurance rates.

Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in garaging location in Denver which can raise or lower premium rates noticeably.

Comparison of full coverage and liability-only policies

The diagram below shows the difference between Ford Explorer Sport Trac auto insurance rates with full physical damage coverage compared to only buying liability only. The rates are based on no claims or violations, $500 deductibles, single male driver, and no discounts are applied to the premium.

When to drop full coverage

There isn’t a written rule for phasing out physical damage coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s say your Ford Explorer Sport Trac book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after you pay the deductible. If premium cost is more than $400 a year for physical damage coverage, then it might be time to buy liability only.

There are a few cases where removing full coverage is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Higher deductibles save money

One common question asked by Denver drivers is what deductibles to buy. The comparison tables below can help you visualize the price difference between low and high deductibles. The first set of prices uses a $250 deductible and the second data table uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rates do not factor in specific zip code location which can change price quotes substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $23 more each month or $276 a year than requesting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 33 months between claims, you would more than likely save some money by going with a higher deductible.

Get cheaper Ford Explorer Sport Trac insurance rates in Denver

Companies offering auto insurance do not advertise the entire discount list in a way that’s easy to find, so we took the time to find both well-publicized and the more hidden credits available to lower your premiums when you buy Denver car insurance online.

• Student Discounts – Being a good student may save you up to 25%. Many companies even apply the discount to college students up to age 25.
• Life Insurance – Larger companies have a discounted rate on car insurance if you buy some life insurance in addition to your auto policy.
• College Student – Kids who live away from home to go to college and do not take a car to college may be able to be covered for less.
• Pay Early and Save – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
• Low Mileage Discounts – Keeping the miles down on your Ford can qualify you for substantially lower rates.
• Discounts for Federal Employees – Active or former government employment could provide a small rate reduction with select insurance companies.
• Theft Prevention Discount – Cars, trucks, and SUVs that have factory anti-theft systems prevent vehicle theft and will qualify for a discount on a Denver car insurance quote.
• Switch and Save Discount – Some insurance companies provide a discount for signing up prior to your current Explorer Sport Trac insurance policy expiration. This can save 10% or more.
• Discount for Home Ownership – Just being a homeowner can help you save on insurance because of the fact that having a home demonstrates responsibility.

Drivers should understand that most credits do not apply to the entire policy premium. The majority will only reduce individual premiums such as comprehensive or collision. Even though it may seem like all the discounts add up to a free policy, that’s just not realistic.

Companies and some of the discounts are:

• GEICO may have discounts that include defensive driver, membership and employees, anti-theft, military active duty, multi-vehicle, and five-year accident-free.
• USAA discounts include safe driver, defensive driver, multi-policy, multi-vehicle, vehicle storage, good student, and loyalty savings.
• Progressive may include discounts for online quote discount, multi-vehicle, continuous coverage, online signing, homeowner, multi-policy, and good student.
• American Family has savings for Steer into Savings, accident-free, multi-vehicle, air bags, good driver, and mySafetyValet.
• Esurance offers premium reductions for DriveSense, multi-policy, online quote, emergency road assistance, and claim free.
• Farmers Insurance offers discounts for mature driver, distant student, bundle discounts, early shopping, and pay in full.
• State Farm offers discounts including student away at school, passive restraint, good driver, accident-free, and Drive Safe & Save.

If you need lower rates, check with each company or agent how you can save money. All car insurance discounts might not be available to policyholders in your area.

Car insurance is an important decision

Despite the high cost of buying insurance for a Ford Explorer Sport Trac in Denver, insuring your vehicle may be mandatory for several reasons.

• Most states have mandatory liability insurance requirements which means you are required to buy specific minimum amounts of liability in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you have a loan on your Ford, more than likely the lender will make it a condition of the loan that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender will be forced to insure your Ford at an extremely high rate and force you to pay for the much more expensive policy.
• Car insurance protects not only your car but also your financial assets. It will also pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay to defend you if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.

The benefits of carrying enough insurance more than cancel out the cost, particularly for liability claims. According to a recent study, the average American driver is overpaying more than $810 a year so it’s important to compare rates once a year at a minimum to make sure the price is not too high.

Auto insurance is available from agents near you

Many drivers prefer to visit with an insurance agent and doing that can be a smart decision Most agents can point out coverage gaps and help in the event of a claim. A nice benefit of comparing rate quotes online is that drivers can save money and get cheaper rates and still have an agent to talk to.

Once you complete this short form, the coverage information is instantly submitted to local insurance agents who will return price quotes for your business. It simplifies rate comparisons since you won’t have to do any legwork since price quotes are sent to the email address you provide. If for some reason you want to get a rate quote from a specific insurance company, just search and find their rate quote page and give them your coverage information.

Picking a company shouldn’t rely on just the premium amount. Agents should be asked these questions:

• Is vehicle mileage a factor when determining depreciation for repairs?
• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
• How long have they worked with personal auto insurance coverage?
• Is the agent properly licensed in Colorado?
• Is there a Errors and Omissions policy in force?
• Do they assist clients in filing claims?