It’s safe to conclude that insurance companies don’t want you shop around. People who shop around for the cheapest rate will probably buy a different policy because there is a good probability of finding coverage at a more affordable price. Surprisingly, a recent survey revealed that drivers who compared rate quotes regularly saved on average $860 a year as compared to drivers who never compared prices.
If finding the lowest rates on Ford Fusion insurance in Albuquerque is why you’re here, then having an understanding of how to get free comparison quotes and analyze insurance coverage can make shopping around easier.
If your goal is the lowest price, then the best way to find lower priced car insurance rates is to compare prices at least once a year from providers who sell auto insurance in Albuquerque. Rates can be compared by completing these steps.
- Step 1: Take a few minutes and learn about car insurance and the measures you can control to keep rates in check. Many things that increase rates like multiple speeding tickets and poor credit history can be remedied by making minor driving habit or lifestyle changes.
- Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from a single company like Progressive and State Farm, while independent agents can quote prices for a wide range of insurance providers.
- Step 3: Compare the new quotes to your current policy to determine if switching companies saves money. If you can save some money and change companies, ensure coverage does not lapse between policies.
- Step 4: Tell your current agent or company to cancel your current policy and submit the required down payment along with the signed application for your new coverage. As soon as you can, store the certificate verifying proof of insurance somewhere easily accessible.
One bit of advice is that you’ll want to compare the same level of coverage on each quote request and to quote with every insurance company. Doing this guarantees a level playing field and the best rate selection.
If you are already insured or just want a better rate, you can use these techniques to cut your premiums without reducing coverage. Buying the cheapest car insurance in Albuquerque can be fairly easy. Shoppers just need to use the most time-saving way to compare rate quotes from multiple carriers.
Analysis of Ford Fusion rates
The rate information displayed below covers a range of insurance rates for Ford Fusion models. Understanding how rate quotes are formulated can be valuable when making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $214 | $432 | $364 | $22 | $108 | $1,140 | $95 |
| Fusion SE 4-Dr Sedan | $242 | $510 | $364 | $22 | $108 | $1,246 | $104 |
| Fusion Hybrid 4-Dr Sedan | $242 | $586 | $456 | $26 | $136 | $1,446 | $121 |
| Fusion SEL 4-Dr Sedan | $242 | $510 | $364 | $22 | $108 | $1,246 | $104 |
| Fusion Sport 4-Dr Sedan | $242 | $510 | $364 | $22 | $108 | $1,246 | $104 |
| Fusion SEL AWD 4-Dr Sedan | $270 | $586 | $364 | $22 | $108 | $1,350 | $113 |
| Fusion Sport AWD 4-Dr Sedan | $270 | $586 | $364 | $22 | $108 | $1,350 | $113 |
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Prices do not factor in Albuquerque location which can revise rates substantially.
The example below shows how different deductible levels and can change Ford Fusion insurance prices for each age group. The data is based on a single male driver, full physical damage coverage, and no discounts are applied.
Impact of careless driving on Albuquerque auto insurance rates
The example below illustrates how traffic citations and at-fault claims raise Ford Fusion insurance prices for different age groups. The data is based on a single female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.
How do Insurers Determine Ford Fusion Insurance Rates?
Many factors are used when premium rates are determined. Most are fairly basic like a motor vehicle report, but other criteria are not as apparent like where you live or your commute time. When buying insurance it’s important to understand the factors that come into play when calculating the rates you pay for insurance. If you understand what impacts premium levels, this enables informed choices that may reward you with big savings.
The following are some of the factors used by your company to calculate prices.
High credit history translates to low rates – Having a bad credit score can be an important factor in calculating your premium rate. Consumers who have very good credit scores tend to file fewer claims as compared to drivers with poor credit scores. Therefore, if your credit rating can use some improvement, you could potentially save money when insuring your Ford Fusion by taking the time to improve your credit score.
Always have insurance – Going without insurance is a quick way to drive up your policy premiums. Not only will rates go up, getting caught without coverage will get you a fine, jail time, or a revoked license.
Are you male or female? – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. However, don’t assume that men are WORSE drivers than women. Males and females are in auto accidents at a similar rate, but the men tend to have more serious accidents. In addition to higher claims, males also receive more costly citations like DUI and reckless driving. Youthful male drivers tend to get in the most accidents and therefore have the most expensive insurance rates.
The illustration below compares Ford Fusion insurance rates for male and female drivers. The premium estimates are based on no claims or driving citations, comp and collision included, $500 deductibles, drivers are single, and no discounts are applied.
Drive less and get lower costs – Driving a lot of miles in a year’s time the more you’ll pay to insure your vehicle. A lot of insurance companies calculate rates based upon how the vehicle is primarily used. Autos that sit idle most of the time get more affordable rates than those that get driven frequently. Having an incorrect usage rating on your Fusion is just wasting money. It’s a smart idea to ensure your insurance policy correctly shows the correct usage for each vehicle, because improper ratings can cost you money.
Insurance losses for a Ford Fusion – Insurance companies use claims history when determining insurance prices. Vehicles that historically have increased claim numbers or amounts will have increased rates. The information below illustrates the actual insurance loss data for Ford Fusion vehicles.
For each type of coverage, the statistical loss for all vehicles averaged together is a value of 100. Values below 100 mean the vehicle has better than average losses, while percentage numbers above 100 point to more losses or a tendency for losses to be larger than average.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Ford Fusion 2WD | 110 | 95 | 108 | 116 | 111 | 105 |
| Ford Fusion 4WD | 115 | 85 | 120 | 88 | 77 | 71 |
| Ford Fusion Hybrid | 125 | 97 | 98 | 92 | 93 | 95 |
| Ford Fusion Plug-in Hybrid | 128 | 87 | 91 | 88 | 91 | 107 |
Statistics from IIHS.org for 2013-2015 Model Years
Quote more to save more
As you go through the steps to switch your coverage, it’s very important that you do not reduce needed coverages to save money. In many cases, an insured cut comprehensive coverage or liability limits only to regret that their decision to reduce coverage ended up costing them more. The proper strategy is to buy a smart amount of coverage at a price you can afford, but do not skimp to save money.
You just learned a lot of information how to shop for Ford Fusion insurance online. The most important thing to understand is the more you quote Albuquerque car insurance, the higher the chance of saving money. Drivers may even discover the most savings is with a lesser-known regional company.
Consumers change insurance companies for a number of reasons such as policy non-renewal, denial of a claim, delays in responding to claim requests or even lack of trust in their agent. Regardless of your reason, choosing a new company can be easier than you think.
Helpful resources
- Keeping Children Safe in Crashes Video (iihs.org)
- Who Has Affordable Albuquerque Auto Insurance Rates for Homeowners? (FAQ)
- Who Has the Cheapest Albuquerque Car Insurance Rates for 18 Year Olds? (FAQ)
- Who Has Cheap Auto Insurance Rates for Business Use in Albuquerque? (FAQ)
- How Much is Auto Insurance for 17 Year Olds in Albuquerque? (FAQ)
- What Insurance is Cheapest for a Kia Optima in Albuquerque? (FAQ)
- Coverage Information (Progressive Insurance)
- Senior Drivers (Insurance Information Institute)