Average Insurance Costs:
- Annual Premium: Approximately $2,069 for a 2023 Ford Explorer.
Given that older vehicles like the 2003 model typically have lower market values, you might expect premiums to be lower than the average for newer models. However, the exact cost can vary based on multiple factors.
Factors Influencing Premiums:
- Vehicle Age and Value: Older vehicles often have lower comprehensive and collision premiums due to decreased market value.
- Driving Record: A clean history can lead to discounts, while violations may increase rates.
- Location: Taylors’ traffic patterns and local regulations can affect insurance rates.
- Age and Gender: Younger drivers and males often face higher premiums due to statistical risk factors.
- Credit Score: Insurers may consider credit history when determining premiums; a higher score can result in lower rates.
 ( 27 year old male , Single , Taylors ) |
|---|
| Year/Make Model: 2003 Ford Explorer |
| Ownership Status: 2+ years |
| Discounts: AutoPay, Credit Zip Match Discount, and Paperless |
| Selected Coverages With National General |
|---|
| Bodily Injury Liability: $25,000 each person/ $50,000 each accident |
| Property Damage Liability: $25,000 each accident |
| Uninsured Motorist Bodily Injury: $25,000 each person/ $50,000 each accident Comprehensive: N/A Collision: N/A |
| Other Rejected Coverages: N/A |
One of our Taylors client was in need of the cheapest liability insurance he could obtain. Since he was considered a high-risk driver he had trouble finding a carrier that would insure him! As we looked around we found that National General came in at the cheapest with a monthly payment of $309.83! He was able to obtain this premium with discounts such as AutoPay, Credit Zip Match, and Paperless! He was very pleased with the price!
Total 6 Month Premium: $1,859
Monthly Installments: $309.83
What We Do at A Plus Insurance
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