The Ford Explorer is a perennial favorite in Indiana's family SUV market. The current generation, which launched in 2020, moved to a rear-wheel-drive-based platform that improved handling and expanded cargo space compared to its predecessor. For Indiana buyers comparing the Explorer to the Highlander, the key differences are in fuel economy, hybrid availability, and reliability history.

Purchase Price Range

Used 2022 Explorers in Indiana are priced in the $33,000 to $50,000 range. XLT and Limited configurations with the 2.3-liter EcoBoost are the most common used market inventory. The Explorer ST with the 3.0-liter EcoBoost commands a $5,000 to $8,000 premium and offers significantly better performance at the cost of fuel economy.

Fuel Cost

The 2.3-liter EcoBoost Explorer averages 19 to 22 mpg in real-world Indiana combined driving, costing approximately $1,900 to $2,200 per year at 12,000 miles. The 3.0-liter ST averages 16 to 18 mpg, increasing annual fuel cost to approximately $2,300 to $2,700. The Explorer does not offer a hybrid powertrain, putting it at a disadvantage against the Highlander Hybrid for fuel-conscious buyers.

Insurance Cost

The Explorer sits in a moderate-to-high insurance tier for three-row SUVs. Full coverage in Indiana typically runs $1,300 to $1,800 per year. The ST trim commands higher insurance costs due to its performance-oriented designation.

Maintenance

The 2.3-liter EcoBoost has an established maintenance profile across multiple Ford models. Routine maintenance through 60,000 miles typically costs $900 to $1,400. The platform's rear-wheel-drive bias requires rear differential service that adds to maintenance costs compared to front-wheel-drive-based competitors.

Depreciation and Resale

The Explorer retains value at approximately 49 to 54 percent after three years, below the Highlander's retention rate. This reflects the Explorer's historically inconsistent reliability reputation, which takes time to reverse even after improvements to the actual vehicle.

Vehicles Available Now on CarCostCX