Buying cheap coverage for a Ford Explorer in Hawaii hinges on a pretty complex algorithm that uses a lot of factors such as the age of the Explorer, the likelihood of your vehicle being stolen, and your choice of physical damage deductibles. Drivers in Hawaii will pay around $620 per year for Explorer insurance, but that price is a projection based on a 40-year-old married female driver with full comprehensive and collision coverage and $1,000 deductibles.
When estimating a car insurance rate like we just did, the issue is that you are not 40 years old and maybe not even female, you might be single instead of married, and maybe you have sub-par credit that needs to be factored in. Car insurance coverage is unique to each driver, so this is why the way we recommend to find cheap insurance prices for your Ford is to compare as many rates as you can. Get your free quotes now and you will be able to see rates from some of the best insurers that offer coverage in Hawaii.
The specific model of Explorer tends to impact the cost of coverage, so the rate you pay to insure a Explorer XLT 2WD trim level will cost $52 less than the insurance cost for the fancier Explorer Limited AWD trim level, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$108||$174||$278||$16||$84||$660||$55|
|Explorer Eddie Bauer 2WD||$108||$174||$278||$16||$84||$660||$55|
|Explorer XLT 4WD||$108||$174||$278||$16||$84||$660||$55|
|Explorer XLT AWD||$108||$174||$278||$16||$84||$660||$55|
|Explorer Eddie Bauer 4WD||$122||$212||$278||$16||$84||$712||$59|
|Explorer Eddie Bauer AWD||$122||$212||$278||$16||$84||$712||$59|
|Explorer Limited 2WD||$122||$212||$278||$16||$84||$712||$59|
|Explorer Limited 4WD||$122||$212||$278||$16||$84||$712||$59|
|Explorer Limited AWD||$122||$212||$278||$16||$84||$712||$59|
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in garaging location in Honolulu which can influence price quotes significantly.
Comparing rates for low-priced auto insurance is challenging, and deciding which companies have the most affordable car insurance rates for a Ford Explorer will take even more work. Every insurance provider uses a little different formula to determine premium rates, so to begin we’ll rank the most budget-friendly car insurance companies in Honolulu, HI.
It’s a good idea to be aware that Honolulu, HI car insurance rates are based on many factors which can substantially decrease or increase the cost of having a policy. Simply improving your credit, moving across town, or getting a few speeding tickets may generate price changes that can cause some rates to be more expensive than competitors.
Compare Cheap Insurance Quotes for Your Explorer
|Rank||Company||Cost Per Year|
|7||First of Hawaii||$2,006|
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USAA normally has some of the best car insurance rates in Honolulu at around $926 each year. This is $670 less than the average premium paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive would also make the list of some of the best Honolulu, HI insurance companies.
In the rate table above, if you are insured with Progressive and switched to State Farm, you may see yearly savings of approximately $537. Customers with Allstate might save as much as $877 a year, and First of Hawaii policyholders might lower prices by $919 a year.
To find out how much you can save, click here or feel free to get quotes from the companies below.
Be aware that those prices are averaged for all types of insureds and vehicles and do not take into consideration a specific vehicle garaging location for a Ford Explorer. So the car insurance company that is best for you may not even be in the list above. That points out the importance of why you need to get rate quotes from many companies using your own specific driver information and vehicle.
Difference between full coverage and liability only rates
Lowering the price of car insurance is probably important to the majority of drivers, and one common way to pay lower rates for insurance for a Ford Explorer is to only buy liability insurance. The chart below illustrates the comparison of insurance costs with and without full coverage. The rate quotes are based on no claims or violations, $1,000 deductibles, drivers are single, and no policy discounts are applied.
If we average the cost for all age groups, full coverage on your policy costs an additional $1,249 per year over having just liability coverage. That raises the question if buying full coverage is worth the money. There isn’t a steadfast formula to delete full coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
There are some cases where dropping full coverage is not advised. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.
Get discounts on Honolulu auto insurance rates
Car insurance companies that offer coverage for a Ford Explorer may have special discounts that could reduce prices by as much as 40% or more if you qualify. Popular car insurance companies and their possible discounts are detailed below.
- GEICO offers premium reductions for multi-policy, membership and employees, multi-vehicle, anti-lock brakes, emergency military deployment, five-year accident-free, and federal employee.
- MetLife offers discounts for multi-policy, claim-free, accident-free, good student, good driver, and defensive driver.
- Progressive discounts include good student, multi-policy, multi-vehicle, continuous coverage, and online quote discount.
- Travelers may include discounts for home ownership, good student, driver training, multi-policy, new car, save driver, and hybrid/electric vehicle.
- SAFECO may have discounts that include anti-theft, accident prevention training, teen safety rewards, safe driver, homeowner, anti-lock brakes, and bundle discounts.
- AAA has savings for anti-theft, AAA membership discount, multi-car, good driver, and multi-policy.
The example below compares insurance prices with and without discounts being applied to the rates. The rates are based on a female driver, no claims or violations, Hawaii state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with passive restraint, anti-theft, claim-free, multiple vehicle, marriage, and multiple policy discounts applied. When these discounts are applied to the policy premium, theamount saved on car insurance for a Ford Explorer is 28% or $354.
The example below demonstrates how deductibles can change annual premium costs when trying to find cheap insurance for a Ford Explorer. The costs are based on a married female driver, comp and collision included, and no discounts are applied to the premium.
As shown above, a 40-year-old driver could reduce rates by $190 a year by switching from a $100 deductible to a $500 deductible, or save $286 by using a $1,000 deductible. Youthful drivers, like the 20-year-old, could roll back prices $470 each year by using a higher deductible. When choosing a higher deductible, it is essential to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.