Who Has Cheap Madison Auto Insurance for a Ford Explorer?

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Buying economical insurance for a Ford Explorer in Wisconsin is dependent upon a complex formula that considers things such as how many years you have been driving, where you live, and your choice of physical damage deductibles. Wisconsin drivers pay around $646 a year for Explorer insurance, but that amount is an approximation based on a 30-year-old single male driver with full physical damage coverage and $1,000 deductibles.

But there is a high probability that you aren't exactly 30 years old or even a male, you might be married instead of single, and maybe you want higher deductibles. Even a minor difference in rating variables or coverage information could result in a significant change in the cost of insurance.

This demonstrates why the way we recommend to find the cheapest coverage for your Ford is to do a thorough rate comparison.

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The specific model of Explorer will be a contributing factor to the annual cost of coverage, so the rate you will pay to insure a Explorer XLT 2WD will be $50 cheaper than the price to insure the more expensive Explorer Limited AWD model, as shown in the chart below.

Ford Explorer Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Explorer XLT 2WD $126 $154 $302 $18 $90 $690 $58
Explorer Eddie Bauer 2WD $126 $154 $302 $18 $90 $690 $58
Explorer XLT 4WD $126 $154 $302 $18 $90 $690 $58
Explorer XLT AWD $126 $154 $302 $18 $90 $690 $58
Explorer Eddie Bauer 4WD $142 $188 $302 $18 $90 $740 $62
Explorer Eddie Bauer AWD $142 $188 $302 $18 $90 $740 $62
Explorer Limited 2WD $142 $188 $302 $18 $90 $740 $62
Explorer Limited 4WD $142 $188 $302 $18 $90 $740 $62
Explorer Limited AWD $142 $188 $302 $18 $90 $740 $62
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Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rate information does not factor in specific location which can decrease or increase premiums significantly.

Buying coverage from a good quality auto insurance provider can be challenging considering how many different companies sell coverage in Wisconsin. The ranking data below can help you pick which car insurance providers you want to consider when shopping insurance around for a Ford Explorer.

The rankings below only include the largest companies in the United States, so companies that focus mainly on Wisconsin business are not included in the list. If you'd like to compare prices and find the cheapest rates for a Ford Explorer, just click here.

Top 10 Major Auto Insurers in Madison Ranked by A.M. Best Rating

  1. USAA - A++
  2. Travelers - A++
  3. State Farm - A++
  4. GEICO - A++
  5. Nationwide - A+
  6. Esurance - A+
  7. The Hartford - A+
  8. Erie Insurance - A+
  9. Progressive - A+
  10. Allstate - A+

Top 10 Major Auto Insurers in Madison Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. Liberty Mutual
  6. State Farm
  7. Allstate
  8. Safeco Insurance
  9. Travelers
  10. 21st Century

Responsible drivers pay cheaper Madison insurance rates

The ideal way to receive good insurance rates for an Explorer is to drive attentively and maintain a clean driving record. The chart below illustrates how speeding tickets and at-fault fender-benders raise auto insurance rates for different age groups. The data is based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.

The data above shows the average cost of a car insurance policy in Wisconsin per year with no violations or accidents is $1,168. Add in two speeding tickets and the average cost rises to $1,536, an increase of $368 each year. Then throw in two accidents along with the two speeding tickets and the annual cost of insurance for a Ford Explorer increases to an average of $3,048. That's an increase of $1,880, or $157 per month, just for not driving carefully!

Are you paying too much for car insurance?

Madison insurance rates are influenced by many factors that can increase the cost of a policy. Simply improving your credit, moving across town, or getting caught speeding may prompt premium changes that can now make some companies cheaper than others. Not only may things change on your end, but insurers amend premium rates as often as every three months to adjust for heavy claims or excess profits. Significantly higher claims can cause additional premium costs, while better underwriting may cause cheaper Explorer insurance rates.

The chart below analyzes the cheapest car insurance in Madison, WI for a 35-year-old male driver with no violations or accidents, and good financial standing. When quoting prices based on his current risk profile, USAA quotes the lowest car insurance rates in Madison at $672 a year. This is $489 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance round out the rest of the most affordable Madison, WI auto insurance companies.

In the next rate comparison, we'll give the driver from the first example a chargeable accident, a lower credit rating, and a few traffic violations. Because each insurer uses their own formula for filing rates in each state, comparing rates may now result in a different list of the cheapest companies as shown below.

Nationwide now has the best auto insurance rate in Madison, WI with Integrity Mutual, Western National, Travelers, and Partners Mutual also being competitive. This example shows why drivers need to perform an extensive rate comparison to get the best insurance quotes for a Ford Explorer.

Car insurance prices are determined by many things and can increase or decrease at any time, so the most economical company when you last compared rates may now cost much more than other companies.

How to find economical car insurance for a Ford Explorer

The list below details a few thrifty ideas that can help you locate more affordable car insurance.

The last tip in the list is remarkably important, as we emphasized in this article. Prices charged by companies in Madison change constantly, so don't be tentative to buy a different policy if you find a better deal. Having a favorite company is great, but it's not a good idea if that dedication is costing lots of hard earned cash every month. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for a Ford Explorer.

The agents listed below are willing to aid you in deciding which coverages and limits you need, since many consumers aren't sure which coverage to buy and prefer to have a consultation when shopping for the best coverage for an Explorer. It can be complicated to find the cheapest car insurance policy, so getting advice from a licensed agent can give peace of mind knowing your coverage gives you enough protection.

To locate a Madison insurance agent using an interactive map, click the button after the list.

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