Ford Explorer is one of the most popular SUVs in the Philippines, offering a spacious interior, powerful performance, and advanced features. If you own or plan to buy a Ford Explorer, you need to get car insurance to protect yourself and your vehicle from accidents, thefts, damages, and liabilities.
But how do you choose the right car insurance for your Ford Explorer? What are the benefits and costs of different types of coverage? How can you compare and buy car insurance online easily and conveniently?
In this article, we will answer these questions and more. We will explain what comprehensive and CTPL car insurance are, why they are important for Ford Explorer owners in the Philippines, what are some of the options when buying car insurance online (including philvex.com as a comparison site), and how to get the best car insurance at lowest price.
What is Comprehensive Car Insurance?
Comprehensive car insurance is a type of coverage that covers damages to your own vehicle as well as third-party liabilities. It also provides additional benefits such as personal accident protection, roadside assistance, acts of nature coverage (such as floods or earthquakes), theft protection, vandalism protection, riot protection, etc.
Comprehensive car insurance is optional but highly recommended for Ford Explorer owners because it offers more protection than CTPL alone. It can also save you money in case of major repairs or replacements due to accidents or other causes.
What is CTPL Car Insurance?
CTPL stands for Compulsory Third-Party Liability. It is a type of coverage that covers bodily injuries or deaths caused by your vehicle to third parties (such as pedestrians or other drivers). It does not cover damages to your own vehicle or property.
CTPL car insurance is mandatory for all vehicle owners in the Philippines. You need to have a valid CTPL policy before you can register or renew your vehicle registration with LTO (Land Transportation Office). The minimum amount of CTPL coverage required by law is ₱100,000 per accident.
How Much Does Ford Explorer Car Insurance Cost in the Philippines?
The cost of Ford Explorer car insurance depends on several factors such as:
- The type and amount of coverage you choose
- The model year and variant of your Ford Explorer
- The age and driving history of yourself and other drivers
- The location where you park or drive your Ford Explorer
- The deductible amount (the amount you pay out-of-pocket before your insurer pays)
- The discounts or promotions offered by your insurer
Based on the updated price list from Philvex.com, as of November 20, 2024, the annual premium of comprehensive insurance of a Ford Explorer in the Philippines is ranging from ₱16,152.64 to ₱41,861.79 depending on the model years of your car between 2016 and 2022.
To provide you with the specific premium cost of your car, we have prepared a breakdown of the updated price ranges of each Ford Explorer variant together with the year manufactured. We highly encourage you to visit the details of the quotes by clicking the "View Quotes" link so that you can compare and contrast each quote from different insurance providers in the Philippines like Mercantile Insurance and Philippine British Assurance Company. Take note that these prices are subject to change based on the specific coverages you choose to include in your policy.
| Ford Explorer Variant | Year | Annual Premium Cost | |
|---|---|---|---|
| 2022 Ford Explorer LimitedEcoBoost 2300cc Gas A/T FWD SUV 7-Seater | 2022 | ₱38,800.44 - ₱41,861.79 | View Quotes |
| 2021 Ford Explorer LimitedEcoBoost 2300cc Gas A/T FWD SUV 7-Seater | 2021 | ₱33,350.44 - ₱35,952.88 | View Quotes |
| 2020 Ford Explorer LimitedEcoBoost 2300cc Gas A/T FWD SUV 7-Seater | 2020 | ₱28,748.21 - ₱30,963.13 | View Quotes |
| 2019 Ford Explorer LimitedEcoBoost 2300cc Gas A/T FWD SUV 7-Seater | 2019 | ₱24,751.54 - ₱26,629.93 | View Quotes |
| 2018 Ford Explorer LimitedEcoBoost 2300cc Gas A/T FWD SUV 7-Seater | 2018 | ₱21,481.54 - ₱23,084.58 | View Quotes |
| 2017 Ford Explorer LimitedEcoBoost 2300cc Gas A/T FWD SUV 7-Seater | 2017 | ₱18,574.87 - ₱19,933.17 | View Quotes |
| 2016 Ford Explorer LimitedEcoBoost 2300cc Gas A/T FWD SUV 7-Seater | 2016 | ₱16,152.64 - ₱17,306.99 | View Quotes |
| 2021 Ford Explorer SportEcoBoost 3500cc Gas A/T FWD SUV 7-Seater | 2021 | ₱35,167.10 - ₱37,922.52 | View Quotes |
| 2020 Ford Explorer SportEcoBoost 3500cc Gas A/T FWD SUV 7-Seater | 2020 | ₱30,322.66 - ₱32,670.16 | View Quotes |
| 2019 Ford Explorer SportEcoBoost 3500cc Gas A/T FWD SUV 7-Seater | 2019 | ₱26,083.76 - ₱28,074.34 | View Quotes |
| 2018 Ford Explorer SportEcoBoost 3500cc Gas A/T FWD SUV 7-Seater | 2018 | ₱22,571.54 - ₱24,266.38 | View Quotes |
| 2017 Ford Explorer SportEcoBoost 3500cc Gas A/T FWD SUV 7-Seater | 2017 | ₱19,543.76 - ₱20,983.64 | View Quotes |
| 2016 Ford Explorer SportEcoBoost 3500cc Gas A/T FWD SUV 7-Seater | 2016 | ₱17,000.42 - ₱18,226.15 | View Quotes |
If your car's model year is before 2016, we encourage you to submit a request for quotation so that insurance providers can offer you customized quotes tailored to your specific needs and circumstances.
Please take note that the above rates may vary depending on the coverage and add-ons you choose.
How to Get the Best Car Insurance at Lowest Price?
Buying car insurance online has many advantages over buying it offline such as:
- You can compare different offers from different insurers in one place
- You can customize your plan according to your needs and budget
- You can save time and money by avoiding agents’ commissions and fees
- You can get instant quotes and e-policies without paperwork or hassle
- You can access your policy anytime and anywhere online
One of the options when buying car insurance online is to use a comparison site like philvex.com. Philvex.com is a platform that allows you to compare and buy car insurance from various insurers in the Philippines. You can also get expert advice, customer support, and claim assistance from philvex.com.
To use philvex.com, you just need to follow these simple steps:
- Go to the philvex.com website.
- Under financing, click on "Car Insurance."
- Enter your vehicle details, such as make, model, and year.
- Select the coverage you want and your preferred deductible.
- Enter your personal information and driving history.
- Review the premiums, coverage, and benefits.
- Submit your purchase application and the insurance partner will contact you for review and online payment
- Receive your e-policy within 1-3 business days
Comprehensive car insurance provides additional coverage for your Ford Explorer, including damages caused by natural disasters, fire, or theft. It also covers damages to your vehicle caused by collisions and non-collision incidents.
Key Takeaways and Conclusion
Car insurance is important for Ford Explorer owners in the Philippines because it protects them and their vehicle from accidents, thefts, damages, and liabilities. There are two types of car insurance: comprehensive and CTPL. Comprehensive covers damages to your own vehicle as well as third-party liabilities while CTPL covers only bodily injuries or deaths caused by your vehicle to third parties.
The cost of Ford Explorer car insurance depends on several factors such as the type and amount of coverage you choose, the model year and variant of your Ford Explorer, the age and driving history of yourself and other drivers, the location where you park or drive your Ford Explorer, the deductible amount, and the discounts or promotions offered by your insurer.
You can buy car insurance online easily and conveniently using a comparison site like philvex.com. Philvex.com allows you to compare and buy car insurance from various insurers in the Philippines. You can also get expert advice, customer support, and claim assistance from philvex.com.
To get the best car insurance at lowest price, you should shop around and compare different offers from different insurers online, choose a higher deductible amount to lower your premium, avail of discounts or promotions offered by your insurer, maintain a good driving record and avoid accidents or violations, and drive safely and responsibly.
