Inconceivable but true, almost 70% of insureds have remained with the same insurance company for well over three years, and approximately 40% of consumers have never even compared rates from other companies. Consumers in Alaska can cut their rates by $370 a year just by getting comparison quotes, but they think it’s difficult to compare rates online.
The preferred way to get the cheapest car insurance rates is to start comparing prices yearly from providers in Anchorage. You can shop around by completing these steps.
First, read and learn about what is in your policy and the modifications you can make to keep rates in check. Many policy risk factors that increase rates like careless driving and a less-than-favorable credit history can be remedied by making minor changes in your lifestyle.
Second, get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from one company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes for many different companies. View prices
Third, compare the new quotes to your existing policy to determine if switching companies saves money. If you find better rates and switch companies, make sure there is no lapse in coverage.
Fourth, provide adequate notice to your current company of your intent to cancel your existing policy. Submit a down payment along with a completed application to the new company. Once coverage is bound, keep your new proof of insurance paperwork with your registration paperwork.
A key point to remember is to compare similar deductibles and liability limits on each quote and to quote with as many companies as you can. Doing this enables the most accurate price comparison and maximum price selection.
Low cost Ford Explorer insurance prices in Anchorage
When comparison shopping, comparing more prices increases the chance that you will find the best price.
The following companies have been selected to offer comparison quotes in Anchorage, AK. To locate cheap car insurance in Anchorage, it’s highly recommended you click on several of them in order to get a fair rate comparison.
Auto insurance discounts are available to get cheap rates
Auto insurance is not inexpensive, but there are discounts available that can dramatically reduce your bill. A few discounts will automatically apply at the time you complete a quote, but some need to be specially asked for before you will receive the discount. If you check and find you aren’t receiving every discount you qualify for, you are paying more than you should be.
- Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to buckle up can save 10% or more on medical payment and PIP coverage.
- Homeowners Savings – Owning your own home or condo may trigger a policy discount on auto insurance because it is proof of financial responsibility.
- Telematics Discount – Policyholders that allow driving data collection to scrutinize when and where they use their vehicle by installing a telematics device such as Progressive’s Snapshot might get better premium rates as long as the data is positive.
- Sign Online – Many companies will give a small break for buying your policy over the internet.
- Save with a New Car – Adding a new car to your policy can get you a discount due to better safety requirements for new model year vehicles.
- Senior Citizens – Drivers that qualify as senior citizens may receive a slight reduction on a Anchorage car insurance quote.
- Anti-lock Brake System – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more on Explorer insurance in Anchorage.
- Drivers Education – It’s a good idea to have your young drivers participate in a local driver’s education class in school or through a local driver safety program.
While discounts sound great, it’s important to understand that most discount credits are not given to all coverage premiums. Most only reduce specific coverage prices like collision or personal injury protection. Even though it appears you could get a free auto insurance policy, you aren’t that lucky.
The information below visualizes the comparison of Ford Explorer car insurance costs with and without discounts applied. Data assumes a female driver, no claims or driving citations, Alaska state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, homeowner, safe-driver, claim-free, and multi-policy discounts applied.
Companies and the discounts they provide are outlined below.
- Progressive may have discounts that include online signing, continuous coverage, multi-vehicle, homeowner, online quote discount, good student, and multi-policy.
- AAA offers discounts including multi-car, AAA membership discount, education and occupation, good student, good driver, multi-policy, and pay-in-full.
- Farmers Insurance offers discounts for bundle discounts, business and professional, pay in full, teen driver, electronic funds transfer, good student, and youthful driver.
- GEICO offers premium reductions for anti-lock brakes, five-year accident-free, military active duty, air bags, and membership and employees.
- Esurance may include discounts for safety device, homeowner, online shopper, anti-theft, and paid-in-full.
- SAFECO discounts include homeowner, drive less, multi-car, bundle discounts, and accident prevention training.
- State Farm policyholders can earn discounts including good driver, accident-free, anti-theft, multiple policy, and Steer Clear safe driver discount.
If you want low cost Anchorage car insurance quotes, ask all the companies how many discounts you can get. Some discounts listed above might not be available to policyholders in Anchorage. If you would like to choose from a list of insurance companies that offer the discounts shown above in Anchorage, click this link.
Insurance coverage analysis
The rate table displayed below highlights different insurance rates for Ford Explorer models. Being aware of how car insurance premiums are figured can help drivers make smart choices when comparing insurance quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Explorer XLT 2WD||$124||$206||$354||$20||$106||$810||$68|
|Explorer Eddie Bauer 2WD||$124||$206||$354||$20||$106||$810||$68|
|Explorer XLT 4WD||$124||$206||$354||$20||$106||$810||$68|
|Explorer XLT AWD||$124||$206||$354||$20||$106||$810||$68|
|Explorer Eddie Bauer 4WD||$140||$252||$354||$20||$106||$872||$73|
|Explorer Eddie Bauer AWD||$140||$252||$354||$20||$106||$872||$73|
|Explorer Limited 2WD||$140||$252||$354||$20||$106||$872||$73|
|Explorer Limited 4WD||$140||$252||$354||$20||$106||$872||$73|
|Explorer Limited AWD||$140||$252||$354||$20||$106||$872||$73|
|Get Your Own Custom Quote Go|
Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Table data does not factor in specific Anchorage garaging location which can affect rates noticeably.
The information below highlights how deductible selection and can raise or lower Ford Explorer premium costs for each age group. The data assumes a married male driver, full coverage, and no discounts are applied to the premium.
Full coverage versus liability-only
The information below compares Ford Explorer yearly insurance costs with full coverage compared to only the Alaska minimum liability coverage. The premium estimates are based on no violations or accidents, $500 deductibles, single marital status, and no discounts are applied to the premium.
When to stop buying physical damage coverage
There is no clear-cut rule of when to eliminate physical damage coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s pretend your Ford Explorer claim settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $8,000 after paying your policy deductible. If you are paying more than $800 a year for your policy with full coverage, then you might want to think about dropping full coverage.
There are some circumstances where eliminating full coverage is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.
Why Your Insurance Prices might be higher
Lots of factors are used in the calculation when pricing auto insurance. A few of the factors are predictable such as your driving record, but some are not quite as obvious such as your credit history or how safe your car is. Smart consumers have a good feel for some of the things that go into determining your policy premiums. When you know what positively or negatively impacts premium levels, this enables you to make decisions that will entitle you to big savings.
Where do you drive? – The more miles you rack up on your Ford annually the more it will cost to insure it. Most companies price each vehicle’s coverage determined by how the vehicle is used. Vehicles used primarily for pleasure use get more affordable rates than vehicles that have high annual mileage. It’s always a good idea to double check that your auto insurance declarations sheet shows the right rating data. A policy that improperly rates your Explorer can cost quite a bit.
High comp and collision deductibles lower prices – Physical damage coverage, also called comprehensive and collision insurance, helps pay for damage to your vehicle. Some coverage claims are a dented fender, flood damage, or theft. The deductibles you choose are how much the insured will be required to pay if the claim is covered. The more damage repair cost you choose to pay out-of-pocket, the bigger discount you will receive.
Pay more for higher performance vehicles – The type of car or truck you drive makes a significant difference in your auto insurance rates. Economy passenger models normally have pretty low rates, but the cost you end up paying is determined by many additional factors.
The next chart assumes a single male driver age 30, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Ford Explorer rates compared to other models that have different performance risks.
Occupation can influence prices – Jobs like military generals, business owners, and accountants usually pay higher rates than average due to intense work-related stress and lengthy work days. Other jobs like professors, athletes and the unemployed have the lowest average rates.
GPS tracking and theft deterrents lowers premiums – Choosing a vehicle with anti-theft technology or alarm system can help lower your premiums. Systems that thwart thieves like OnStar, LoJack tracking, and tamper alarms help track and prevent auto theft.
Females tend to cost less – Over time, data shows women tend to be less risk to insure than men. However, don’t assume that women are BETTER drivers than men. Both genders get in fender benders in similar percentages, but the males have accidents that have higher claims. Not only are claims higher, but men receive more major tickets such as reckless driving. Youthful male drivers cause the most accidents and therefore have the most expensive auto insurance rates.
The diagram below illustrates the comparison of Ford Explorer annual premium costs for male and female drivers. The premiums are based on no claims or violations, full coverage, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
Better rates on safer cars – Safer cars cost less to insure. Safer cars result in less severe injuries and lower rates of occupant injuries translates into savings for insurance companies and thus lower rates. If your Ford Explorer scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may be receiving a better rate.
Ford Explorer insurance loss statistics – Insurers factor in insurance loss information as a way to help calculate a profitable premium rate. Models that statistically have a higher amount or frequency of claims will have a higher cost to insure.
The data below shows the insurance loss data used by companies for Ford Explorer vehicles. For each insurance policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is represented as 100. Values under 100 are indicative of better than average losses, while percentages above 100 indicate higher probability of having a loss or statistically larger claims.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Ford Explorer 4dr 2WD||80||90||79||75||70||82|
|Ford Explorer 4dr 4WD||94||94||97||75||70||85|
Statistics from IIHS.org for 2013-2015 Model Years
Local Anchorage insurance agencies
Many drivers prefer to get advice from a local agent and that can be a smart move A good thing about comparing rate quotes online is the fact that you can find cheap insurance quotes but still work with a licensed agent. And supporting local agencies is especially important in Anchorage.
To help locate an agent, after submitting this short form, your insurance coverage information is immediately sent to participating agents in Anchorage that provide free Anchorage car insurance quotes for your business. It’s much easier because you don’t need to search for any insurance agencies since rate quotes are delivered to you instantly. It’s the lowest rates AND an agent nearby. If you need to compare prices from a specific company, don’t hesitate to find their quoting web page and fill out their quote form.
If you are wanting to find a reliable insurance agent, you must know there are a couple types of insurance agents to choose from. Insurance agencies are classified as either exclusive or independent.
Independent Agents (or Brokers)
These agents do not write with just one company and that is an advantage because they can write policies with any number of different companies and possibly get better coverage at lower prices. If you are not satisfied with one company, an independent agent can move your coverage and you don’t have to find a new agent. When comparison shopping, we recommend you get several quotes from at least one independent agent for the best price selection. Most can insure with smaller companies which may have better rates.
Featured below are independent agents in Anchorage who may provide cheap rate quotes.
- Umialik Insurance Company
3301 C St #300 – Anchorage, AK 99503 – (907) 338-5445 – View Map
- Integrity Insurance Agency
1505 W 34th Ave – Anchorage, AK 99503 – (844) 878-0258 – View Map
- Conrad-Houston Insurance
507 W Northern Lights Blvd – Anchorage, AK 99503 – (907) 276-7667 – View Map
Exclusive Insurance Agents
Exclusive agents generally can only insure with one company like American Family, State Farm, and Allstate. These agents are not able to provide other company’s prices so they have no alternatives for high prices. Exclusive agents are well trained on their company’s products which helps them sell on service rather than price. Some people will only buy insurance from these agents partially due to the brand instead of buying on price only.
Shown below is a short list of exclusive agencies in Anchorage who can help you get price quotes.
- Tim Graham – State Farm Insurance Agent
1417 W Northern Lights Blvd A – Anchorage, AK 99503 – (907) 561-4000 – View Map
- Amanda Juliussen – State Farm Insurance Agent
5600 Debarr Road Ste 140 – Anchorage, AK 99504 – (907) 333-4131 – View Map
- Stacey Allen – State Farm Insurance Agent
2203 W Dimond Blvd #100B – Anchorage, AK 99515 – (907) 277-2233 – View Map
Choosing the best auto insurance agent shouldn’t rely on just the premium amount. Here are some questions to ask:
- Do they have designations such as AIC, CPCU, or CIC?
- Do they get paid more for recommending certain coverages?
- Will your rates increase after a single accident?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Will you work with the agent or an assistant?
When in doubt talk to an agent
When quoting and choosing proper insurance coverage, there really is no best way to insure your cars. Every insured’s situation is different.
For instance, these questions could help you determine whether your personal situation could use an agent’s help.
- Is a new car covered when I drive it off the dealer lot?
- Do I need replacement cost coverage?
- Is my Ford Explorer covered for smoke damage?
- When can I cancel my policy?
- Am I covered when driving someone else’s vehicle?
- Does rental coverage apply when I am renting a car?
- Am I covered by my spouse’s policy after a separation?
- What is the rate difference between pleasure use and commuting?
If you’re not sure about those questions, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form.
The best insurance company isn’t always the cheapest
When you buy Anchorage car insurance online, don’t be tempted to skimp on coverage in order to save money. Too many times, someone sacrificed full coverage and found out when filing a claim that it was a big mistake. Your aim should be to get the best coverage possible at a price you can afford, but don’t skip important coverages to save money.
Lower-priced Ford Explorer insurance in Anchorage can be purchased on the web in addition to many Anchorage insurance agents, so you need to quote Anchorage car insurance with both in order to have the best price selection to choose from. Some insurance companies may not offer internet price quotes and many times these regional carriers sell through independent agents.
Drivers change insurance companies for any number of reasons including delays in paying claims, questionable increases in premium, lack of trust in their agent or even high prices. No matter why you want to switch, choosing a new insurance company can be easier than you think.
- Auto Insurance 101 (About.com)
- What is the Best Auto Insurance in Anchorage, Alaska? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Nissan Sentra in Anchorage? (FAQ)
- Who Has Affordable Car Insurance for Police Officers in Anchorage? (FAQ)
- Who Has Cheap Anchorage Car Insurance Quotes for High Risk Drivers? (FAQ)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Understanding Rental Car Insurance (Insurance Information Institute)