- Ford Explorer insurance costs an average of $1,504 per year, or around $125 per month for full coverage.
- With an insurance cost range of $200, the cheapest Ford Explorer insurance is the base Explorer XLT 2WD model at around $1,362 per year, and the most expensive trim being the King Ranch 4WD at $1,562 annually.
- When compared to other midsize SUVs, the 2023 Ford Explorer is one of the cheaper midsize SUVs to insure, costing $220 less per year on average and ranking fourth out of 31 competitors.
How much does Ford Explorer insurance cost?
Insurance on a Ford Explorer costs an average of $1,504 a year for full coverage. Depending on the trim level being insured, monthly car insurance for a 2023 Explorer averages from $114 to $130.
As the three main components of a car insurance policy, comprehensive (or other-than-collision) coverage will cost about $414 a year, liability and medical (or PIP) coverage costs approximately $340, and collision insurance is around $750.
The following chart shows how average Ford Explorer car insurance cost varies based on driver age and coverage deductibles. Prices range from $1,108 per year for a driver age 60 with a $1,000 policy deductible to $3,504 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 $10,852 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 2023 model years.
| Model Year and Vehicle | Annual Rate | 6-month Rate | Monthly Rate |
|---|---|---|---|
| 2023 Ford Explorer | $1,504 | $752 | $125 |
| 2022 Ford Explorer | $1,554 | $777 | $130 |
| 2021 Ford Explorer | $1,590 | $795 | $133 |
| 2020 Ford Explorer | $1,528 | $764 | $127 |
| 2019 Ford Explorer | $1,490 | $745 | $124 |
| 2018 Ford Explorer | $1,438 | $719 | $120 |
| 2017 Ford Explorer | $1,378 | $689 | $115 |
| 2016 Ford Explorer | $1,466 | $733 | $122 |
| 2015 Ford Explorer | $1,324 | $662 | $110 |
| 2014 Ford Explorer | $1,176 | $588 | $98 |
| 2013 Ford Explorer | $1,258 | $629 | $105 |
| 2012 Ford Explorer | $1,233 | $616 | $103 |
| 2011 Ford Explorer | $1,208 | $604 | $101 |
| 2010 Ford Explorer | $1,184 | $592 | $99 |
| 2009 Ford Explorer | $1,160 | $580 | $97 |
| 2008 Ford Explorer | $1,137 | $569 | $95 |
| 2007 Ford Explorer | $1,114 | $557 | $93 |
| 2006 Ford Explorer | $1,092 | $546 | $91 |
| 2005 Ford Explorer | $1,070 | $535 | $89 |
Which Explorer model has the cheapest insurance?
The cheapest trim level of Ford Explorer to insure is the base XLT 2WD model at $1,362 per year, or about $114 per month. The second cheapest trim is the XLT 4WD model at $1,394 per year, and the third cheapest model to insure is the ST-Line 2WD at $1,462 per year.
The two most expensive trim levels of Ford Explorer to insure are the King Ranch 4WD at $1,562 and the Platinum 4WD at $1,556 per year. Those will cost an extra $200 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 | Six-Month Policy | Per Month |
|---|---|---|---|
| XLT 2WD | $1,362 | $681 | $114 |
| XLT 4WD | $1,394 | $697 | $116 |
| ST-Line 2WD | $1,462 | $731 | $122 |
| Limited 2WD | $1,478 | $739 | $123 |
| ST-Line 4WD | $1,490 | $745 | $124 |
| Base 2WD | $1,496 | $748 | $125 |
| Limited 4WD | $1,498 | $749 | $125 |
| Timberline 4WD | $1,498 | $749 | $125 |
| ST 2WD | $1,510 | $755 | $126 |
| ST 4WD | $1,524 | $762 | $127 |
| Base 4WD | $1,532 | $766 | $128 |
| Limited Hybrid 2WD | $1,536 | $768 | $128 |
| Platinum 2WD | $1,542 | $771 | $129 |
| King Ranch 2WD | $1,544 | $772 | $129 |
| Limited Hybrid 4WD | $1,550 | $775 | $129 |
| Platinum 4WD | $1,556 | $778 | $130 |
| King Ranch 4WD | $1,562 | $781 | $130 |
How do insurance rates compare to similar vehicles?
The Ford Explorer ranks fourth out of 31 comparison vehicles in the 2023 midsize SUV category. The Explorer costs an average of $1,504 per year to insure and the class average cost is $1,724 annually, a difference of around $220 per year.
When compared directly to the top-selling other midsize SUVs, car insurance for a Ford Explorer costs $372 less per year than Jeep Grand Cherokee insurance, $258 less than Toyota Highlander insurance rates, $410 less than the cost of Jeep Cherokee insurance, and $14 less 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 31 vehicles in the 2023 midsize SUV segment.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Honda Passport | $1,368 | -$136 |
| 2 | Subaru Ascent | $1,434 | -$70 |
| 3 | Ford Edge | $1,494 | -$10 |
| 4 | Ford Explorer | $1,504 | -- |
| 5 | Volkswagen Atlas | $1,506 | $2 |
| 6 | Nissan Murano | $1,516 | $12 |
| 7 | Subaru Outback | $1,518 | $14 |
| 8 | Volkswagen Atlas Cross Sport | $1,576 | $72 |
| 9 | Toyota Venza | $1,608 | $104 |
| 10 | Kia Sorento | $1,618 | $114 |
| 11 | Hyundai Palisade | $1,638 | $134 |
| 12 | Toyota 4Runner | $1,654 | $150 |
| 13 | GMC Acadia | $1,682 | $178 |
| 14 | Chevrolet Traverse | $1,684 | $180 |
| 15 | Honda Pilot | $1,696 | $192 |
| 16 | Buick Enclave | $1,702 | $198 |
| 17 | Nissan Pathfinder | $1,712 | $208 |
| 18 | Mazda CX-9 | $1,720 | $216 |
| 19 | Mitsubishi Outlander Sport | $1,744 | $240 |
| 20 | Kia Telluride | $1,754 | $250 |
| 21 | Toyota Highlander | $1,762 | $258 |
| 22 | Chevrolet Blazer | $1,786 | $282 |
| 23 | Hyundai Santa Fe | $1,810 | $306 |
| 24 | Jeep Grand Cherokee | $1,876 | $372 |
| 25 | Jeep Cherokee | $1,914 | $410 |
| 26 | Jeep Wrangler | $1,952 | $448 |
| 27 | Ford Bronco | $1,962 | $458 |
| 28 | Tesla Model Y | $1,970 | $466 |
| 29 | Mitsubishi Outlander PHEV | $2,018 | $514 |
| 30 | Dodge Durango | $2,102 | $598 |
| 31 | Rivian R1S | $2,160 | $656 |
A 2023 Ford Explorer has an average sticker price of $48,447, ranging from the XLT 2WD trim at $38,570 to the King Ranch 4WD trim at $56,075.
The midsize SUVs that are closest in average price to the Explorer are the Ford Bronco, Jeep Wrangler, Kia Telluride, and Mitsubishi Outlander PHEV.
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. Ford Bronco – Having an average purchase price of $49,092 and ranging from $32,295 to $73,780, the 2023 Ford Bronco costs $645 more than the Ford Explorer. The average insurance cost for the Ford Explorer compared to the Ford Bronco is $458 less each year.
- Ford Explorer vs. Jeep Wrangler – The average MSRP for a 2023 Ford Explorer is $1,889 more expensive than the Jeep Wrangler, at $48,447 compared to $46,558. The average insurance cost for a Ford Explorer compared to the Jeep Wrangler is $448 less every 12 months.
- Ford Explorer vs. Kia Telluride – New off the lot, the sticker price on the Kia Telluride averages $2,471 less than the Ford Explorer ($45,976 compared to $48,447). Anticipate paying an average of $250 more every 12 months for insurance on the Kia Telluride compared to an Explorer.
- Ford Explorer vs. Mitsubishi Outlander PHEV – The Mitsubishi Outlander PHEV has an average sticker price of $45,537, ranging from $39,845 to $49,995, which is $2,910 cheaper than the average cost for the Ford Explorer. The average insurance cost for a Ford Explorer compared to the Mitsubishi Outlander PHEV is $514 less per year.
To view additional rate comparisons, see our insurance comparisons index for a complete list of available makes and models.
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 $1,714 or more per year.
- Lower policy cost by raising deductibles. Boosting your deductibles from $500 to $1,000 could save around $266 per year for a 40-year-old driver and $514 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 $274 per year for a 40-year-old driver and $544 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 $380 per year. Being convicted of a serious infraction such as hit-and-run, DUI or reckless driving could raise rates by an additional $1,338 or more.
- No accidents means cheaper rates. Multiple at-fault accidents raise rates, as much as $2,044 per year for a 20-year-old driver and as much as $420 per year for a 60-year-old driver.
- Driver gender affects car insurance rates. For a 2023 Ford Explorer, a 20-year-old male pays an estimated $2,960 per year, while a 20-year-old female pays an average of $2,192, a difference of $768 per year. The females get the cheaper rate by far. But by age 50, the male rate is $1,364 and the cost for a female driver is $1,338, a difference of only $26.
