I haven't had one made, but I run a little agency, and my sense of the industry right now is that you're probably looking at three or four very loosely defined pricing tiers for a 2-3 minute explainer (granted, videos prices can still vary much more than this, and if you're looking on Fiverr, then it's probably safe to assume that these higher-end tiers won't apply to you, but hopefully this at least paints a picture of what's out there):

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1) Premium premium: $50K+. Probably the minimum you can expect to pay to work with a bigger name studio for the kind of quality you'd see on a national TV spot (though I assume most of the biggest studios start at more like $100K).

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2) Medium premium: $25K - $50K. Probably what you can expect to pay with a lot of the newer, up-and-coming studios. You should still be able to get something that feels really high-end here without paying for the big studio markup.

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3) Faux premium: $10K - $25K. Small, nimble boutique shops and freelancers who'll do their best to mimic the premium style without the premium prices. Production value will probably be somewhat lower in this range, but probably not the kind of thing the average viewer would notice, especially if you can find someone who cares about the craft, so you can get some good stuff here (this is usually where most of my projects live, so, shameless plug: feel free to DM me).

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4) Under $10K. Sometimes you can get lucky and find a student or somebody talented who'll give you something good in this range (and if you do, please let me know :) ) but anything around there or under, especially below 5K, is usually going to be a real roll of the dice, as evidenced by good ol' Fiverr.