Affordable Ford Explorer Sport Trac Insurance in Louisville

The easiest way to get cheaper Ford Explorer Sport Trac insurance is to start comparing rates regularly from companies who can sell car insurance in Louisville. Prices can be compared by completing these steps.

1. Take a few minutes and learn about how companies set rates and the measures you can control to keep rates down. Many risk factors that drive up the price like your driving record and a substandard credit score can be remedied by improving your driving habits or financial responsibility.
2. Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO and Allstate, while independent agents can provide prices for a wide range of insurance providers.
3. Compare the price quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate and decide to switch, make sure coverage is continuous and does not lapse.
4. Provide written notification to your current company to cancel your current coverage. Submit any necessary down payment along with the completed application to the newly selected company. As soon as you have the new policy, place the new certificate verifying proof of insurance with the vehicle registration.

One bit of advice is to try to compare similar coverage information on every quote and and to get price quotes from all possible companies. Doing this guarantees an apples-to-apples comparison and and a good selection of different prices.

Unfortunately, nearly 70% of drivers kept their coverage with the same auto insurance company for a minimum of four years, and 38% of customers have never compared rates to find lower-cost insurance. With the average premium in Kentucky being $2,130, drivers could pocket up to $630 a year by just shopping around, but they just don’t understand how much they could save if they swap their current policy for a cheaper one.

Ford Explorer Sport Trac detailed coverage information

The data table shown below highlights detailed analysis of insurance rates for Ford Explorer Sport Trac models. Having a better idea how auto insurance policy rates are formulated can help you make decisions on the best policy to buy.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Table data does not factor in vehicle garaging location which can revise auto insurance rates considerably.

An analysis of deductible level

A question often asked by Louisville drivers is which deductibles should you choose. The rates below highlight the cost difference of buying low and high physical damage deductibles. The first pricing table uses a $100 physical damage deductible and the second pricing table uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Prices do not factor in zip code location which can impact rates substantially.

Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $31 more each month or $372 every year across all Ford Explorer Sport Trac models than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 29 months between claim filings, you would more than likely save some money by going with a higher deductible.

One thing to be aware of is that raising deductibles to get cheaper rates means you will have to cover more of the damage yourself when you have a physical damage claim. That will force you to have enough money stashed away in order to pay the higher deductible.

The diagram below illustrates how your choice of deductibles and can change Ford Explorer Sport Trac annual premium costs for different age categories. Data assumes a married female driver, full physical damage coverage, and no discounts are taken into consideration.

How much more does full coverage cost?

The illustration below shows the difference between Ford Explorer Sport Trac car insurance costs with full physical damage coverage and with liability coverage only. The premium estimates are based on no violations or accidents, $250 deductibles, single status, and no policy discounts are applied.

When to stop buying full coverage

There is no clear-cut rule to delete full coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s pretend your Ford Explorer Sport Trac replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $2,000 after paying the physical damage deductible. If you are paying in excess of $200 annually for your policy with 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 money on your vehicle, you have to keep full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

Learn How to Lower Your Insurance Prices

Many factors are used in the calculation when premium rates are determined. Some are obvious such as your driving history, but others are less apparent such as whether you are married or how financially stable you are. The best way to find cheaper auto insurance is to take a look at the different types of things that help calculate the rates you pay for auto insurance. When consumers understand what controls the rates you pay, this enables informed choices that will entitle you to cheaper rates.

The following are some of the most rate-impacting factors utilized by car insurance companies to help set your rates.

• Premiums drop with age – Youthful drivers in Kentucky have been known to be less responsible when behind the wheel and because of this, their auto insurance rates are much higher. Having to add a beginning driver to your auto insurance policy can cause a big jump in price. Older people are more cautious drivers, tend to cause fewer accidents, and receive fewer citations.

  The following data uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Deter car thieves – Owning a car that has a built-in theft deterrent system can help lower your premiums. Systems that thwart thieves such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent vehicle theft.
• Your address can affect price – Being located in less populated areas is a good thing when talking about auto insurance. Drivers who live in large cities tend to have more road rage incidents and higher rates of accident claims. Fewer drivers means less chance of accidents and a lower car theft rate.

• Is insurance cheaper for men or women? – Statistics show that females take fewer risks when driving. It does not mean females are better drivers. Men and women cause at-fault accidents in similar percentages, but males tend to have more serious accidents. Men also get cited for more serious violations like driving under the influence (DUI).

  The example below illustrates the comparison of Ford Explorer Sport Trac insurance rates for male and female drivers. The data assumes a clean driving record, no at-fault accidents, full coverage, $500 deductibles, single marital status, and no policy discounts are applied.

• Liability coverage – Your auto insurance policy’s liability coverage will protect you in the event that you are ruled to be at fault for personal injury or accident damage. Liability provides legal defense coverage to defend your case. This coverage is very inexpensive as compared to coverage for physical damage, so buy as much as you can afford.
• Reserve insurance claims for larger damages – Companies in Kentucky give better rates to people who are claim-free. If you’re an insured who likes to file claims you can pretty much guarantee either higher rates or even cancellation. Auto insurance is intended to be relied upon for larger claims.

Best auto insurance company in Louisville

Ending up with the highest-rated insurance provider can be challenging considering how many companies there are in Louisville. The ranking information displayed below can help you decide which companies you want to consider to insure your vehicles.

Top 10 Louisville Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Mercury Insurance – 89%
5. Nationwide – 89%
6. Travelers – 88%
7. Progressive – 88%
8. Safeco Insurance – 88%
9. State Farm – 88%
10. Allstate – 88%

Frequent quotes can save

When searching for the cheapest Ford Explorer Sport Trac rate quotes, make sure you don’t buy poor coverage just to save money. There are many occasions where an insured cut liability coverage limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The aim is to buy a smart amount of coverage at the best price but still have enough coverage for asset protection.

Some insurance companies do not provide online price quotes and many times these regional carriers provide coverage only through independent insurance agencies. Low-cost Ford Explorer Sport Trac insurance in Louisville can be found from both online companies as well as from independent agents in Louisville, so you need to compare both to have the best selection.

Additional information is located at these links:

• Get the Right Protection (InsureUonline.org)
• Who Has the Cheapest Auto Insurance Rates for Infrequent Drivers in Louisville? (FAQ)
• What Car Insurance is Cheapest for a Nissan Versa in Louisville? (FAQ)
• How Much are Car Insurance Quotes for a Ford Fusion in Louisville? (FAQ)
• Auto Theft Statistics (Insurance Information Institute)
• Should I Buy a New or Used Car? (Allstate)
• Uninsured Motorist Statistics (Insurance Information Institute)
• Smart Auto Insurance Tips (Insurance Information Institute)