Find Affordable Ford Explorer Sport Trac Insurance in Charlotte

Shocking but true, a large majority of drivers have remained with the same insurance company for over three years, and about 40% of consumers have never quoted insurance rates at all. North Carolina insurance shoppers can save hundreds of dollars each year just by shopping around, but they don’t invest the time required to shop around.

Discount Ford Explorer Sport Trac insuranceIf saving the most money is your goal, then the best way to find cheaper prices for auto insurance rates is to compare prices annually from different companies that sell auto insurance in Charlotte. This can be done by completing these steps.

First, get a basic knowledge of what is in your policy and the modifications you can make to drop your rates. Many risk factors that increase rates such as traffic tickets, fender benders, and poor credit history can be eliminated by making minor changes to your lifestyle. This article provides additional tips to prevent high prices and find more discounts that you may not know about.

Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from a single company like GEICO and Allstate, while independent agencies can quote rates for a wide range of companies.

Third, compare the new rates to the premium of your current policy and see if there is a cheaper rate. If you find a better price, make sure coverage does not lapse between policies.

Fourth, give proper notification to your current agent or company of your intent to cancel your existing policy. Submit a down payment and signed policy application to the new company. Once received, put the proof of insurance paperwork in your glove compartment.

The key thing to know about shopping around is that you’ll want to compare the same liability limits and deductibles on each quote request and and to get rate quotes from every insurance company. This provides an apples-to-apples comparison and and a good selection of different prices.

If you’re already insured, you stand a good chance to be able to reduce premiums using the concepts covered in this article. Finding and comparing the best protection in Charlotte is easy if you know what you’re doing. But North Carolina consumers can benefit by having an understanding of how big insurance companies calculate your policy premium and use it to your advantage.

When comparing insurance rates, know that quoting more will increase your chances of finding the best rates.

The providers in the list below are ready to provide price comparisons in North Carolina. In order to find the best cheap auto insurance in Charlotte, we suggest you compare several of them to get a more complete price comparison.

Save money with these nine premium slashing discounts

Auto insurance companies don’t always advertise every possible discount very clearly, so we took the time to find a few of the more well known as well as the least known credits that may apply to you. If you aren’t receiving every discount available, you could be getting lower rates.Auto insurance discounts

Policy discounts save money, but some of the credits will not apply to the entire policy premium. Most only cut specific coverage prices like medical payments or collision. So even though you would think having all the discounts means you get insurance for free, you’re out of luck.

The example below illustrates the difference between Ford Explorer Sport Trac car insurance costs with and without some available policy discounts. The premiums assume a female driver, no claims or driving citations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, multi-car, multi-policy, and safe-driver discounts applied.

Large auto insurance companies and a selection of discounts are detailed below.

Double check with all the companies which discounts you may be entitled to. Some credits might not apply in every state. To see a list of auto insurance companies offering auto insurance discounts in North Carolina, click this link.

Ford Explorer Sport Trac coverage analysis

The coverage table shown below highlights detailed analysis of rate quotes for Ford Explorer Sport Trac models. Having knowledge of how insurance policy rates are calculated is important for you to make smart choices when purchasing an auto insurance policy.

Ford Explorer Sport Trac Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer Sport Trac XLT 2WD $160 $312 $282 $16 $84 $854 $71
Explorer Sport Trac Limited 2WD $184 $312 $282 $16 $84 $878 $73
Explorer Sport Trac XLT 4WD $184 $312 $282 $16 $84 $878 $73
Explorer Sport Trac Limited 4WD $208 $380 $282 $16 $84 $970 $81
Explorer Sport Trac Limited AWD $208 $380 $282 $16 $84 $970 $81
Get Your Own Custom Quote Go

Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Table data does not factor in specific location information which can change premium rates greatly.

How high should deductibles be?

One of the more difficult decisions when buying auto insurance is what deductibles to buy. The comparison tables below illustrate how much more rates are of buying low and high physical damage coverage deductibles. The first table uses a $100 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

Ford Explorer Sport Trac insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer Sport Trac XLT 2WD $186 $318 $250 $14 $74 $867 $72
Explorer Sport Trac Limited 2WD $214 $318 $250 $14 $74 $895 $75
Explorer Sport Trac XLT 4WD $214 $318 $250 $14 $74 $895 $75
Explorer Sport Trac Limited 4WD $242 $386 $250 $14 $74 $991 $83
Explorer Sport Trac Limited AWD $242 $386 $250 $14 $74 $991 $83
Get Your Own Custom Quote Go

Ford Explorer Sport Trac insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer Sport Trac XLT 2WD $104 $168 $250 $14 $74 $610 $51
Explorer Sport Trac Limited 2WD $118 $168 $250 $14 $74 $624 $52
Explorer Sport Trac XLT 4WD $118 $168 $250 $14 $74 $624 $52
Explorer Sport Trac Limited 4WD $134 $204 $250 $14 $74 $676 $56
Explorer Sport Trac Limited AWD $134 $204 $250 $14 $74 $676 $56
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Prices do not factor in your specific Charlotte location which can lower or raise prices significantly.

Based on these figures, using a $100 deductible could cost the average driver approximately $25 more each month or $300 every year averaged for all Explorer Sport Trac models than buying the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 36 months between claim filings, you would save money if you choose the higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $78
Average monthly premium for $1,000 deductibles (subtract): – $53
Monthly savings from raising deductible: $25
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $25
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 36 months

One thing to be aware of is that raising deductibles means you will have to pay more when you have a claim. You will want to have some savings in the event you need to pay the higher deductible in order to repair your vehicle.

The example below shows how choosing a deductible and can raise or lower Ford Explorer Sport Trac insurance costs for different ages of insureds. The rates are based on a married male driver, full coverage, and no discounts are factored in.

Impact of speeding/accidents on Charlotte auto insurance rates

The chart below demonstrates how traffic citations and at-fault collisions raise Ford Explorer Sport Trac car insurance rates for different age groups. The costs are based on a married female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.

Ford Explorer Sport Trac liability-only versus full coverage

The example below shows the difference between Ford Explorer Sport Trac car insurance costs with full physical damage coverage and with liability coverage only. The premiums are based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no additional discounts are factored in.

When to stop buying full coverage

There is no exact formula to drop physical damage coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your Ford Explorer Sport Trac claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after you pay the deductible. If you are paying over $700 a year for your policy with full coverage, then you might consider buying liability only.

There are a few situations where buying only liability insurance is not advised. If you haven’t paid off your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

When to get advice from an insurance agent

A small number of people would rather go talk to an agent and doing so can bring peace of mind An additional benefit of price shopping on the web is that you can find cheap car insurance quotes and still choose a local agent. Buying from local insurance agencies is important especially in Charlotte.

Find insurance agent in CharlotteOnce you complete this quick form, the quote information is emailed to local insurance agents who will gladly provide quotes for your insurance coverage. There is no need to visit any agencies due to the fact that quote results will go to your email. It’s the lowest rates without a big time investment. If you want to get a price quote from a specific insurance company, you just need to jump over to their website and fill out the quote form the provide.

Multiple types of car insurance agents in Charlotte

If you prefer to buy car insurance from an insurance agent, it helps to know the two different types of agents that you can choose from. Agents in Charlotte can be categorized as either independent or exclusive depending on the company they work for.

Independent Car Insurance Agents

Independent insurance agents are appointed with more than one company so they have the ability to put coverage amongst many companies and help determine which has the cheapest rates. If premiums increase, an independent agent can move your coverage and you don’t have to do anything. If you are comparing rate quotes, you need to include price quotes from at a minimum one independent agency to get the best comparison. They also have the ability to place coverage with different regional companies that may have much lower rates than larger companies.

The following is a list of independent agents in Charlotte who may provide price quote information.

View more Charlotte agents

Exclusive Car Insurance Agents

Agents that elect to be exclusive can only provide one company’s prices like Allstate, Farmers Insurance or State Farm. Exclusive agents cannot provide other company’s prices so they have no alternatives for high prices. These agents are very knowledgeable on their company’s products which helps them sell on service rather than price. Drivers often purchase coverage from exclusives mostly because of high brand loyalty and strong financial ratings.

Shown below are exclusive agencies in Charlotte willing to provide price quotes.

View more Charlotte agents

Picking an car insurance agent shouldn’t rely on just the quoted price. The answers to these questions are important, too.

Insurance protects more than just your car

Despite the fact that insurance is not cheap in Charlotte, buying insurance may be mandatory for several reasons.

The benefits of having insurance definitely exceed the price paid, particularly if you ever have a claim. An average driver in America is overpaying over $865 each year so you should quote and compare rates every year to save money.

Auto insurance coverage specifics

Understanding the coverages of your auto insurance policy can help you determine the right coverages at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and reading a policy is terribly boring.

Auto liability

This coverage provides protection from damages or injuries you inflict on other people or property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 30/60/25 that means you have a limit of $30,000 per injured person, a per accident bodily injury limit of $60,000, and property damage coverage for $25,000. Another option is one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like repair bills for other people’s vehicles, bail bonds and funeral expenses. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford. North Carolina requires drivers to carry at least 30/60/25 but you should think about purchasing better liability coverage.

The chart below shows why buying the state minimum limits may not be enough.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Ford Explorer Sport Trac.

Since a lot of drivers carry very low liability coverage limits (North Carolina limits are 30/60/25), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as EMT expenses, rehabilitation expenses, funeral costs and X-ray expenses. The coverages can be utilized in addition to your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Collision coverage protection

Collision coverage pays for damage to your Explorer Sport Trac caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like crashing into a ditch, sideswiping another vehicle, scraping a guard rail and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible on your Explorer Sport Trac to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like damage from flooding, damage from getting keyed, theft, hitting a deer and vandalism. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Smart consumers save more

Some insurance providers don’t offer rate quotes online and most of the time these small insurance companies prefer to sell through independent insurance agents. Cheap Ford Explorer Sport Trac insurance in Charlotte is available online in addition to many Charlotte insurance agents, and you should be comparing both to get a complete price analysis.

People leave their current company for many reasons like poor customer service, unfair underwriting practices, delays in paying claims and high rates after DUI convictions. Regardless of your reason, switching car insurance companies can be less work than you think.

We just presented a lot of techniques to shop for Ford Explorer Sport Trac insurance online. The most important thing to understand is the more times you quote, the higher your chance of finding inexpensive Charlotte auto insurance quotes. You may even discover the lowest prices are with a lesser-known regional company.

Even more information can be found at these sites: