- Ford Explorer insurance costs an average of $1,434 per year, or around $120 per month for full coverage.
- With an insurance cost range of $198, the cheapest Ford Explorer insurance is the base Explorer XLT 2WD model at around $1,318 per year, and the most expensive trim being the Platinum 4WD at $1,516 annually.
- When compared to other midsize SUVs, the 2022 Ford Explorer is one of the cheaper midsize SUVs to insure, costing $110 less per year on average and ranking #7 out of 29 competitors.
How much does Ford Explorer insurance cost?
Insurance on a Ford Explorer costs an average of $1,434 a year for full coverage. Depending on the trim level being insured, monthly car insurance for a 2022 Explorer costs from $110 to $126.
As the three main components of a car insurance policy, comprehensive (or other-than-collision) coverage will cost about $378 a year, liability and medical (or PIP) coverage costs approximately $372, and collision insurance is around $684.
The following chart shows how average Ford Explorer car insurance cost varies based on driver age and coverage deductibles. Prices range from $1,070 per year for a driver age 60 with a $1,000 policy deductible to $3,330 annually for a 20-year-old driver with a deductible of $250.
To give you a better sense of how variable car insurance rates can be, keep in mind that buying liability-only insurance on an Explorer in some parts of Virginia or Wisconsin can cost as little as $239 a year, while a 16-year-old driver with a tendency to speed in specific higher-theft California zip codes could have to pay as much as $11,236 a year for a policy with full coverage.
The table below breaks down average full-coverage insurance rates for the Ford Explorer for the 2005 to 2022 model years.
| Model Year and Vehicle | Annual Rate | 6-month Rate | Monthly Rate |
|---|---|---|---|
| 2022 Ford Explorer | $1,434 | $717 | $120 |
| 2021 Ford Explorer | $1,460 | $730 | $122 |
| 2020 Ford Explorer | $1,396 | $698 | $116 |
| 2019 Ford Explorer | $1,376 | $688 | $115 |
| 2018 Ford Explorer | $1,330 | $665 | $111 |
| 2017 Ford Explorer | $1,290 | $645 | $108 |
| 2016 Ford Explorer | $1,360 | $680 | $113 |
| 2015 Ford Explorer | $1,248 | $624 | $104 |
| 2014 Ford Explorer | $1,104 | $552 | $92 |
| 2013 Ford Explorer | $1,170 | $585 | $98 |
| 2012 Ford Explorer | $1,147 | $573 | $96 |
| 2011 Ford Explorer | $1,124 | $562 | $94 |
| 2010 Ford Explorer | $1,101 | $551 | $92 |
| 2009 Ford Explorer | $1,079 | $540 | $90 |
| 2008 Ford Explorer | $1,058 | $529 | $88 |
| 2007 Ford Explorer | $1,036 | $518 | $86 |
| 2006 Ford Explorer | $1,016 | $508 | $85 |
| 2005 Ford Explorer | $995 | $498 | $83 |
Which Explorer model has the cheapest insurance?
The cheapest trim level of Ford Explorer to insure is the base XLT 2WD model at $1,318 per year, or about $110 per month. The second cheapest trim is the 2WD model at $1,346 per year, and the third cheapest model to insure is the XLT 4WD at $1,348 per year.
The two most expensive trim levels of Ford Explorer to insure are the Platinum 4WD at $1,516 and the King Ranch 4WD at $1,512 per year. Those will cost an extra $198 and $194 per year, respectively, over the cheapest base Explorer XLT 2WD model.
The table below demonstrates how the average cost of car insurance increases with trim level and powertrain options for the Ford Explorer.
| Ford Explorer Trim Level | Annual Policy | 6-month Policy | Per Month |
|---|---|---|---|
| XLT 2WD | $1,318 | $659 | $110 |
| 2WD | $1,346 | $673 | $112 |
| XLT 4WD | $1,348 | $674 | $112 |
| 4WD | $1,378 | $689 | $115 |
| ST 2WD | $1,420 | $710 | $118 |
| ST-Line 2WD | $1,428 | $714 | $119 |
| Limited 2WD | $1,432 | $716 | $119 |
| Timberline 4WD | $1,440 | $720 | $120 |
| ST-Line 4WD | $1,446 | $723 | $121 |
| Limited 4WD | $1,450 | $725 | $121 |
| ST 4WD | $1,466 | $733 | $122 |
| King Ranch 2WD | $1,498 | $749 | $125 |
| Platinum 2WD | $1,502 | $751 | $125 |
| King Ranch 4WD | $1,512 | $756 | $126 |
| Platinum 4WD | $1,516 | $758 | $126 |
How do insurance rates compare to similar vehicles?
The Ford Explorer ranks #7 out of 29 comparison vehicles in the 2022 midsize SUV category. The Explorer costs an average of $1,434 per year to insure and the class average cost is $1,544 annually, a difference of only $110 per year.
When compared directly to the top-selling other midsize SUVs, car insurance for a Ford Explorer costs $246 less per year than Jeep Grand Cherokee insurance, $100 less than Toyota Highlander insurance rates, $258 less than the cost of Jeep Cherokee insurance, and $36 more than Subaru Outback insurance rates.
The chart below visualizes where the Explorer ranks in relation to the other top 10 selling midsize SUVs in the U.S. for insurance affordability. In addition, a table is also included after the chart that ranks typical insurance rates for all 29 vehicles in the 2022 midsize SUV segment.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Honda Passport | $1,224 | -$210 |
| 2 | Subaru Ascent | $1,310 | -$124 |
| 3 | Ford Edge | $1,374 | -$60 |
| 4 | Subaru Outback | $1,398 | -$36 |
| 5 | Nissan Murano | $1,416 | -$18 |
| 6 | Toyota Venza | $1,424 | -$10 |
| 7 | Ford Explorer | $1,434 | -- |
| 8 | Kia Sorento | $1,444 | $10 |
| 9 | Hyundai Palisade | $1,462 | $28 |
| 10 | Volkswagen Atlas | $1,472 | $38 |
| 11 | Toyota 4Runner | $1,488 | $54 |
| 12 | Volkswagen Atlas Cross Sport | $1,528 | $94 |
| 13 | Mazda CX-9 | $1,530 | $96 |
| 14 | GMC Acadia | $1,532 | $98 |
| 15 | Toyota Highlander | $1,534 | $100 |
| 16 | Nissan Pathfinder | $1,540 | $106 |
| 17 | Honda Pilot | $1,546 | $112 |
| 18 | Mitsubishi Outlander Sport | $1,548 | $114 |
| 19 | Buick Enclave | $1,562 | $128 |
| 20 | Chevrolet Traverse | $1,568 | $134 |
| 21 | Hyundai Santa Fe | $1,590 | $156 |
| 22 | Kia Telluride | $1,596 | $162 |
| 23 | Chevrolet Blazer | $1,610 | $176 |
| 24 | Jeep Grand Cherokee | $1,680 | $246 |
| 25 | Jeep Cherokee | $1,692 | $258 |
| 26 | Mitsubishi Outlander PHEV | $1,768 | $334 |
| 27 | Dodge Durango | $1,788 | $354 |
| 28 | Tesla Model Y | $1,804 | $370 |
| 29 | Rivian R1S | $1,902 | $468 |
A 2022 Ford Explorer has an average sticker price of $45,962, ranging from the XLT 2WD trim at $36,145 to the Platinum 4WD trim at $56,115.
The midsize SUVs that are closest in average price to the Explorer are the Dodge Durango, Chevrolet Traverse, Honda Pilot, and Toyota Highlander.
The data below shows how those models compare to a Ford Explorer for both MSRP and the average cost of car insurance.
- Ford Explorer vs. Dodge Durango – Having an average purchase price of $47,465 and ranging from $35,475 to $66,670, the 2022 Dodge Durango costs $1,503 more than the Ford Explorer. The average insurance cost for the Ford Explorer compared to the Dodge Durango is $354 less each year.
- Ford Explorer vs. Chevrolet Traverse – The average MSRP for a 2022 Ford Explorer is $1,584 more expensive than the Chevrolet Traverse, at $45,962 compared to $44,378. The average insurance cost for a Ford Explorer compared to the Chevrolet Traverse is $134 less every 12 months.
- Ford Explorer vs. Honda Pilot – New off the lot, the sticker price on the Honda Pilot averages $2,002 less than the Ford Explorer ($43,960 compared to $45,962). Anticipate paying an average of $112 more every 12 months for insurance on the Honda Pilot compared to an Explorer.
- Ford Explorer vs. Toyota Highlander – The Toyota Highlander has an average sticker price of $43,458, ranging from $35,405 to $50,960, which is $2,505 cheaper than the average cost for the Ford Explorer. The average insurance cost for a Ford Explorer compared to the Toyota Highlander is $100 less per year.
Additional Facts and Rate Information
Other relevant data observations concerning Explorer insurance cost include:
- High risk Explorer car insurance is expensive. For a 50-year-old driver, having enough accidents and violations to require a high-risk insurance policy could trigger a rate increase of $1,652 or more per year.
- Lower policy cost by raising deductibles. Boosting your deductibles from $500 to $1,000 could save around $242 per year for a 40-year-old driver and $470 per year for a 20-year-old driver.
- Low physical damage deductibles increases cost. Decreasing your policy deductibles from $500 to $250 could cost an additional $250 per year for a 40-year-old driver and $496 per year for a 20-year-old driver.
- Obey driving laws to keep insurance cost low. To get the lowest Explorer insurance rates, it pays to be a conservative driver. Just a few minor blemishes on your driving record have the potential to raise the price of a policy as much as $366 per year. Being convicted of a serious infraction such as hit-and-run, DUI or reckless driving could raise rates by an additional $1,292 or more.
- No accidents means cheaper rates. Multiple at-fault accidents raise rates, as much as $1,968 per year for a 20-year-old driver and as much as $412 per year for a 60-year-old driver.
- Driver gender affects car insurance rates. For a 2022 Ford Explorer, a 20-year-old male pays an estimated $2,834 per year, while a 20-year-old female pays an average of $2,098, a difference of $736 per year. The females get the cheaper rate by far. But by age 50, the male rate is $1,304 and the cost for a female driver is $1,280, a difference of only $24.
