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Key Takeaways
- Full coverage insurance for a Ford Explorer costs an average of $2030.
- At $1329 per year, the base XLT 2WD model of the Ford Explorer is the least expensive to insure.
- The average price of a 2022 Ford Explorer is $45,962.
How Much Does It Cost to Insure a Ford Explorer?
How much does it cost to insure a Ford Explorer? We looked at car insurance prices for the base 2WD model all the way up to the Platinum 4WD trim to see how they compared to other midsize SUVs.
Full coverage insurance for a Ford Explorer costs an average of $2030.
The cheapest Ford Explorer insurance is for the base Explorer XLT 2WD model, which costs about $1350 per year, and the most expensive is for the Platinum 4WD, which costs about $1533 per year.
Rates of Ford Explorer by Companies
If you own a Ford, you place a premium on Ford's traditional strengths, such as dependability, practicality, and enduring quality. Below is a table comparing the coverage choices provided by various insurance providers for owners of the Ford Explorer.
| Insurance company | Average Annual Cost |
|---|---|
| Gainsco | $2592 |
| Assurance America | $2601 |
| Safeco | $2472 |
| Allstate | $2310 |
| Mercury | $2220 |
| Infinity | $2013 |
| Kemper | $1881 |
| Clearcover | $2049 |
| State Auto | $2199 |
| Metlife | $903 |
How Much It Costs to Insure a Ford Explorer by Model Year
Compared to other midsize SUVs, the 2022 Ford Explorer is one of the least expensive to insure.
Full coverage insurance for a Ford Explorer costs an average of $1,434 annually. Car insurance for a 2022 Explorer costs between $110 and $126 monthly, depending on the trim level.
Comprehensive (or other-than-collision) coverage, liability, medical (or PIP) coverage, and collision insurance are the three main parts of a car insurance policy. Comprehensive coverage costs about $378 a year, liability and medical (or PIP) coverage costs about $372, and collision insurance costs about $684.
Prices range from $1,070 per year for a driver who is 60 years old and has a $1,000 deductible to $3,330 per year for a driver who is 20 years old and has a $250 deductible.
To give you an idea of how different car insurance rates can be, consider that buying liability-only insurance on an Explorer in some parts of Virginia or Wisconsin can cost as little as $239 a year. At the same time, a 16-year-old driver with a tendency to speed in certain high-theft California zip codes could have to pay as much as $11,236 a year for a policy with full coverage.
The table below shows how much it costs to insure a Ford Explorer with full coverage from 2005 through 2022.
| Model Year and Vehicle | Annual Rate |
|---|---|
| 2022 Ford Explorer | $2030 |
| 2021 Ford Explorer | $2022 |
| 2020 Ford Explorer | $2139 |
| 2019 Ford Explorer | $1500 |
| 2018 Ford Explorer | $1470 |
| 2017 Ford Explorer | $1350 |
| 2016 Ford Explorer | $1320 |
| 2015 Ford Explorer | $1266 |
| 2014 Ford Explorer | $1149 |
| 2013 Ford Explorer | $1197 |
| 2012 Ford Explorer | $1179 |
| 2011 Ford Explorer | $1149 |
| 2010 Ford Explorer | $1119 |
| 2009 Ford Explorer | $1098 |
| 2008 Ford Explorer | $1080 |
| 2007 Ford Explorer | $1059 |
| 2006 Ford Explorer | $1038 |
| 2005 Ford Explorer | $1023 |
Which is the cheapest Ford Explorer insurance?
At $1329 per year, the base XLT 2WD model of the Ford Explorer is the least expensive to insure. The 2WD trim is the second cheapest to insure at $1380 per year, and the XLT 4WD is the third cheapest at $1389 per year.
The Platinum 4WD and the King Ranch 4WD are the most expensive versions of the Ford Explorer to insure at $1539 and $1530 per year, respectively. Those will cost more per year than the Explorer XLT 2WD base model, which is the least expensive.
The table below shows how the average cost of car insurance for the Ford Explorer goes up with the trim level and engine options.
The Explorer costs an average of $1470 per year to insure, while the average for its class is $1557, which is only an $87 difference per year.
| Ford Explorer Trim Level | Annual Policy |
|---|---|
| XLT 2WD | $1329 |
| 2WD | $1380 |
| XLT 4WD | $1389 |
| 4WD | $1398 |
| ST 2WD | $1443 |
| ST-Line 2WD | $1452 |
| Limited 2WD | $1470 |
| Timberline 4WD | $1449 |
| ST-Line 4WD | $1488 |
| Limited 4WD | $1491 |
| ST 4WD | $1485 |
| King Ranch 2WD | $1521 |
| Platinum 2WD | $1515 |
| King Ranch 4WD | $1530 |
| Platinum 4WD | $1539 |
How does the Ford Explorer compare to other midsize cars?
When compared to the most popular other midsize SUVs, Ford Explorer insurance costs $246 less per year than Jeep Grand Cherokee insurance, $100 less than Toyota Highlander insurance, $258 less than Jeep Cherokee insurance, and $36 more than Subaru Outback insurance.
In terms of how much insurance costs, the chart below shows how the Explorer compares to the other top 10 selling midsize SUVs in the U.S.
Below is a table that ranks the average insurance rates for all 29 vehicles in the midsize SUV segment for 2022.
| Make/Model | Insurance Cost |
|---|---|
| Honda Passport | $1225 |
| Subaru Ascent | $1308 |
| Ford Edge | $1919 |
| Subaru Outback | $1390 |
| Nissan Murano | $1419 |
| Toyota Venza | $1449 |
| Ford Explorer | $2030 |
| Kia Sorento | $1647 |
| Hyundai Palisade | $2103 |
| Volkswagen Atlas | $1491 |
| Toyota 4Runner | $1509 |
| Volkswagen Atlas Cross Sport | $1545 |
| Mazda CX-9 | $1527 |
| GMC Acadia | $1736 |
| Toyota Highlander | $1523 |
| Nissan Pathfinder | $1689 |
| Honda Pilot | $2232 |
| Mitsubishi Outlander Sport | $1394 |
| Buick Enclave | $1581 |
| Chevrolet Traverse | $1518 |
| Hyundai Santa Fe | $1833 |
| Kia Telluride | $1748 |
| Chevrolet Blazer | $1,610 |
| Jeep Grand Cherokee | $1680 |
| Jeep Cherokee | $1692 |
| Mitsubishi Outlander PHEV | $1382 |
| Dodge Durango | $1803 |
| Tesla Model Y | $2890 |
| Rivian R1S | $1920 |
The average price of a 2022 Ford Explorer is $45,962. This price ranges from $36,145 for the XLT 2WD trim to $56,115 for the Platinum 4WD trim. The Dodge Durango, Chevrolet Traverse, Honda Pilot, and Toyota Highlander are the midsize SUVs that are most like the Explorer in terms of price.
BottomLine
Other important facts about how much Explorer insurance costs are:
- Car insurance for a high-risk Explorer costs a lot. Raise the deductibles to lower the cost of your policy. Costs go up when deductibles for physical damage are low.
- Follow the rules of the road to keep insurance costs low. It would be best if you were a safe driver to get the cheapest insurance rates for your Explorer. Just a few small mistakes on your driving record could make your policy cost as much as $366 more per year. If you get a ticket for a serious offense like hit-and-run, DUI, or dangerous driving, your rates could go up by $1,292 or more.
- When there are no accidents, rates go down. Car insurance rates depend on the gender of the driver. The rate for women is by far the lowest.
Insurance for Ford Explorer - How to get it through Way.com
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INSURANCE AGENT EXPERTS
Auto Insurance Data Methodology
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
DATA SOURCES
Way.com’s Insurance Broker Quote Data
Frequently Asked Questions
How much does a Ford Explorer cost?
Prices for the base model Ford Explorer begin at $36,760, which is about par for the course for midsize SUVs. The Explorer King Ranch, the highest trim level, starts at $54,130 and costs thousands more than the base model. The Limited (at $47,070) and the ST (at $49,505) are two of the most popular trim levels.
Are Ford Explorers expensive to insure?
The insurance premiums you'll pay to drive a Ford Explorer are more than average. The average annual insurance premium for a Ford Explorer is $2030, which is $473 higher than the national average.
How much is a Ford Explorer?
The average price of a 2022 Ford Explorer is $45,962. This is about par for the course for midsize SUVs. The Explorer King Ranch, the highest trim level, starts at $54,130 and costs thousands more than the base model. The Limited (at $47,070) and the ST (at $49,505) are two of the most popular trim levels.
How long do Ford Explorers last?
A Ford Explorer typically has a lifespan of 10-17 years. A brand-new Ford Explorer, given routine maintenance and an annual mileage of 12,000, can easily last for 15 years.
How much can a Ford Explorer tow?
The Ford Explorer's towing capacity you can achieve depends on the engine you choose.
Listed here are the technical specifications for the Ford Explorer.
A 10-speed automatic transmission with a 2.3-liter EcoBoost four-cylinder engine with 300 hp and 310 pound-feet torque can haul 5300 pounds.
A 365-400 horsepower, 380-415 lb-ft of torque, and a 10-speed automated transmission with a 3.0L EcoBoost V6, it can tow 5600.
A transmission with a 10-speed automatic and uses a 3.3L hybrid engine, 318 hp, and a torque of 322 lb-ft, it can tow 5000 pounds.
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