Shockingly, a large majority of drivers renewed their policy with the same company for at least four years, and 38% of drivers have never shopped around. Many consumers in the U.S. could save themselves approximately $859 a year just by getting comparison quotes, but they just assume it takes a lot of time to compare rate quotes online.
The most effective way to find discount Ford Fusion Hybrid insurance is to make a habit of regularly comparing prices from providers in Albuquerque.
- Step 1: Get an understanding of car insurance and the things you can control to prevent expensive coverage. Many rating criteria that are responsible for high rates such as accidents, traffic tickets, and a low credit score can be improved by making minor changes in your lifestyle.
- Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or Farmers Insurance, while independent agents can quote rates for a wide range of insurance providers.
- Step 3: Compare the price quotes to your current policy to see if a cheaper rate is available in Albuquerque. If you find a better price and change companies, ensure there is no coverage lapse between policies.
- Step 4: Give proper notification to your current agent or company to cancel your current coverage and submit the signed application along with the required initial payment to your new agent or company. Make sure you safely store the certificate verifying coverage in your vehicle’s glove compartment or console.
One bit of advice is to use the same deductibles and limits on each quote request and and to get quotes from as many companies as you can. Doing this helps ensure an accurate price comparison and the best price selection.
If you have car insurance now, you should be able to cut your premiums using these techniques. Buying the cheapest policy in Albuquerque is not that difficult. Nevertheless, New Mexico drivers benefit from understanding how insurance companies market insurance on the web and use this information to your advantage.
Save a ton with discounts
Not too many consumers would say auto insurance is affordable, but you might be missing out on some discounts that many consumers don’t even know exist. Some discounts apply automatically at the time of quoting, but once in a while a discount must be asked for before they will apply. If they aren’t giving you every credit possible, you’re just leaving money on the table.
- Good Driver Discounts – Insureds who avoid accidents can pay as much as 50% less as compared to drivers with claims.
- Claim-Free Discount – Drivers who don’t have accidents get the best auto insurance rates as compared to drivers with a long claim history.
- Savings for New Vehicles – Buying coverage on a new vehicle can be considerably cheaper since new model year vehicles are generally safer.
- Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to buckle up can save up to 15% off PIP or medical payments premium.
- Good Grades Discount – A discount for being a good student can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
- College Student – Kids who live away from home to go to college and don’t have a car may qualify for this discount.
- Low Mileage Discounts – Maintaining low annual mileage can earn discounted rates on garaged vehicles.
- Government Employee Discount – Simply working for the federal government may qualify for a discount when you quote Albuquerque auto insurance with a few auto insurance companies.
- Waiver for an Accident – This one is not really a discount per se, but certain companies permit an accident before hitting you with a surcharge so long as you are claim-free prior to the accident.
- Save over 55 – Drivers over the age of 55 may be able to get a small discount on rates.
Discounts reduce rates, but you should keep in mind that most discounts do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like you could get a free auto insurance policy, that’s just not realistic.
The example below visualizes the comparison of Ford Fusion Hybrid auto insurance costs with and without discounts applied to the rates. The data assumes a female driver, a clean driving record, no at-fault accidents, New Mexico state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, multi-car, multi-policy, and claim-free discounts applied.
Large auto insurance companies and a summarized list of policyholder discounts are shown below.
- Progressive offers discounts including continuous coverage, multi-vehicle, online quote discount, multi-policy, online signing, homeowner, and good student.
- The Hartford includes discounts for defensive driver, bundle, anti-theft, air bag, vehicle fuel type, driver training, and good student.
- Mercury Insurance may have discounts that include age of vehicle, type of vehicle, ease of repair, multi-car, accident-free, and good student.
- GEICO offers premium reductions for emergency military deployment, federal employee, good student, multi-vehicle, driver training, and air bags.
- AAA may offer discounts for multi-policy, anti-theft, good student, multi-car, and good driver.
- State Farm offers discounts for passive restraint, driver’s education, good student, Steer Clear safe driver discount, and defensive driving training.
Before purchasing a policy, check with every insurance company which discounts you qualify for. Some credits might not be offered in Albuquerque. To view insurers that offer multiple discounts in New Mexico, follow this link.
Keep in mind that comparing more rates from different companies helps locate more affordable insurance.
The companies in the list below offer free quotes in Albuquerque, NM. To buy the best cheap car insurance in Albuquerque, it’s highly recommended you compare several of them in order to get a fair rate comparison.
Analysis of Ford Fusion Hybrid rates
The premium information shown below showcases different insurance rates for Ford Fusion Hybrid models. Having a good understanding how auto insurance policy rates are figured can assist in making smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $166 | $404 | $524 | $30 | $156 | $1,280 | $107 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Price information does not factor in garaging location in Albuquerque which can change premium rates substantially.
Physical damage deductibles: Should you raise them?
A question often asked by Albuquerque drivers is how high should the deductibles for physical damage be. The rates below sum up the costs and benefits when you choose different comp and collision deductibles. The first rate quote example uses a $100 physical damage coverage deductible and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $312 | $680 | $402 | $24 | $120 | $1,563 | $130 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $228 | $458 | $402 | $24 | $120 | $1,232 | $103 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Information does not factor in specific zip code location which can raise or lower rates significantly.
Based on this data, using a $100 deductible costs about $27 more each month or $324 for a full year than quoting the higher $500 deductible. Because you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 15 months between claims, you would more than likely save some money if you elect the higher deductible.
Ford Fusion Hybrid liability-only versus full coverage
The illustration below visualizes the comparison of Ford Fusion Hybrid insurance rates when comparing full coverage to liability only. The rate quotes are based on no claims or violations, $100 deductibles, drivers are not married, and no policy discounts are applied.
Should you pay for full coverage?
There is no exact formula that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.
For example, let’s assume your Ford Fusion Hybrid replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after you pay the deductible. If you are paying more than $300 annually for full coverage, then you may want to consider only buying liability coverage.
There are a few situations where buying only liability insurance is not in your best interest. If you still owe money on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
Learn How to Find Car Insurance for Less
Many factors are used in the calculation when you quote your car insurance policy. Most are fairly basic such as traffic violations, but other factors are less obvious such as whether you are married or how financially stable you are. It’s important that you understand some of the elements that play a part in calculating your policy premiums. When consumers understand what influences your rates, this enables informed choices that could help you find cheaper rates.
Buy a safe car and pay less – Vehicles that have high safety ratings are cheaper to insure. These vehicles reduce occupant injuries and fewer serious injuries means less money paid by your insurance company which can result in lower premiums. If your Ford Fusion Hybrid earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
See if your company offers a multi-policy discount – Most insurance companies give lower prices to people that purchase more than one policy. It’s known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even if you’re getting this discount it’s still a good idea to compare other Albuquerque Fusion Hybrid insurance rates to confirm you are receiving the best rates possible.
Never allow your policy to lapse – Driving without insurance is illegal and companies may charge more for letting your coverage lapse. And not only will your rates increase, the inability to provide proof of insurance can result in fines and jail time. You could then be forced to submit proof of financial responsibility or a SR-22 with the New Mexico department of motor vehicles.
Does your job raise your rates? – Careers such as judges, architects, and financial analysts generally pay higher average rates because of high stress levels and long work hours. Other jobs like professors, athletes and performers get better rates.
Avoid tickets and save – How you drive can have a huge impact on auto insurance premiums. Drivers with clean records tend to pay less for car insurance compared to drivers with tickets. Even a single driving citation can increase the cost of insurance by as much as thirty percent. People who have flagrant violations such as DUI or willful reckless driving may be required to maintain a SR-22 with their state in order to drive a vehicle legally.
The example below shows how violations and at-fault fender-benders impact Ford Fusion Hybrid insurance rates for each age group. The prices are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
Big city or small town – Being located in smaller towns and rural areas of the country has it’s advantages when it comes to car insurance. People who live in big cities regularly have congested traffic and longer commute times. Fewer drivers and short commutes translates into fewer accidents as well as less vandalism and auto theft.
File policy claims and pay more – If you file a lot of claims you can look forward to either a policy non-renewal or much higher rates. Car insurance companies in New Mexico give cheaper rates to insureds that do not abuse their auto insurance. Insurance coverage is designed for major claims that would cause financial hardship.
Insurance loss statistics a Ford Fusion Hybrid – Companies include the past claim trends for vehicles when they file their rates in each state. Models that statistically have increased claim numbers or amounts will have a higher premium rate.
The table below demonstrates the collected loss data for Ford Fusion Hybrid vehicles. For each policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, is equal to 100. Percentage values below 100 indicate a favorable loss history, while percentage numbers above 100 indicate more frequent claims or statistically larger losses.
| Specific Ford Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Ford Fusion Hybrid | 125 | 97 | 98 | 92 | 93 | 95 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance is unique, just like you
When choosing coverage online or from an agent, there really isn’t a perfect coverage plan. Everyone’s needs are different and your car insurance should unique, too. These are some specific questions can aid in determining whether you may require specific advice.
- Do I have coverage if I rent a car in Mexico?
- Is coverage enough to protect my assets?
- When would I need rental car insurance?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Where can I get insurance after a DUI in New Mexico?
- Do I need special endorsements for business use of my vehicle?
- What is an SR-22 filing?
- Do I get a pro-rated refund if I cancel my policy early?
- Can I get by with minimal medical coverage if I have good health insurance?
- When should I remove my kid from my policy?
If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier
Compare rates but buy from a local Albuquerque insurance agency
A lot of people still like to sit down with an agent and doing so can bring peace of mind One of the benefits of getting free rate quotes online is you may find lower rates and still have an agent to talk to. And buying from local insurance agents is important especially in Albuquerque.
To help locate an agent, after submitting this quick form, your information is instantly submitted to local insurance agents that give free quotes for your business. It simplifies rate comparisons since you won’t have to find an agent because prices are sent to you directly. You can get cheaper car insurance rates without having to waste a lot of time. If you want to get a comparison quote from a specific car insurance provider, you just need to navigate to their website and fill out the quote form the provide.
When researching a good Albuquerque insurance agent, it helps to know the two different types of agents and how they can quote your rates. Car insurance policy providers are either exclusive agents or independent agents.
Independent Agencies or Brokers
Independent agencies are not limited to a single company and that gives them the ability to insure with many different companies and find you cheaper rates. If they find a lower price, an independent agent can move your coverage which is easy for the insured. If you are trying to find cheaper rates, you definitely need to get quotes from a couple of independent agencies to get the best comparison. Many can place coverage with companies that do not advertise much which can save you money.
Featured below is a short list of independent insurance agents in Albuquerque who may provide rate quotes.
- Lorraine Y Chavez Insurance Agency, Inc.
8224 Louisiana Blvd NE – Albuquerque, NM 87113 – (505) 821-7123 – View Map - Cress Insurance
6101 Moon St NE #1000 – Albuquerque, NM 87111 – (505) 822-8114 – View Map - Commercial West Insurance
2616 Mesilla St NE #2 – Albuquerque, NM 87110 – (505) 255-9577 – View Map
Exclusive Insurance Agencies
Exclusive agents can only write with one company such as AAA, Allstate, and State Farm. They generally cannot provide rate quotes from other companies so you might not find the best rates. These agents are well schooled on what they offer which helps them compete with independent agents. Consumers frequently buy insurance from these agents mostly because of the prominent brand name and the convenience of having all coverages with one company.
Below are Albuquerque exclusive insurance agencies willing to provide price quote information.
- Sam Sample – State Farm Insurance Agent
3700 Osuna Rd NE #514 – Albuquerque, NM 87109 – (505) 341-1000 – View Map - Judy Alba – State Farm Insurance Agent
2920 Carlisle NE, Bldg B – Albuquerque, NM 87110 – (505) 884-5121 – View Map - Ronna Todd – State Farm Insurance Agent
4830 Juan Tabo Blvd NE e – Albuquerque, NM 87111 – (505) 293-3303 – View Map
Picking an auto insurance agent is decision based upon more than just the price. Agents should be asked these questions:
- Is the agency covered by Errors and Omissions coverage?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Does the agent have a valid license to sell insurance in New Mexico?
- Can they help ensure a fair claim settlement?
- If independent agents, which companies do they recommend?
- Will your rates increase after a single accident?
Insurance is an important decision
Despite the fact that insurance is not cheap in Albuquerque, insurance is not optional due to several reasons.
- Most states have mandatory liability insurance requirements which means state laws require specific minimum amounts of liability insurance if you want to drive legally. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Ford Fusion Hybrid has a lienholder, more than likely the lender will make it a condition of the loan that you have insurance to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may buy a policy for your Ford for a much higher rate and make you pay much more than you were paying before.
- Insurance preserves both your Ford and your personal assets. It also can pay for most medical and hospital costs for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay to defend you if someone files suit against you as the result of an accident. If you have damage to your Ford as the result of the weather or an accident, comprehensive and/or collision insurance will pay to repair the damage.
The benefits of having insurance more than cancel out the cost, especially when you need to use it. As of last year, the average driver in New Mexico is overpaying more than $830 a year so you should quote your policy with other companies once a year at a minimum to make sure the price is not too high.
Albuquerque car insurance companies ranked
Finding a highly-rated company can be challenging considering how many companies sell insurance in Albuquerque. The information displayed below may help you decide which car insurance providers you want to consider comparing rates from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
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Data Source: Insure.com Best Car Insurance Companies
Cheaper insurance is a realistic goal
As you restructure your insurance plan, do not skimp on coverage in order to save money. There have been many cases where an insured dropped comprehensive coverage or liability limits only to discover later that it was a big error on their part. Your goal is to find the BEST coverage at the lowest possible cost.
Budget-conscious Ford Fusion Hybrid insurance is attainable online in addition to local insurance agencies, so get free Albuquerque auto insurance quotes from both of them to get a complete price analysis. Some insurance companies may not have online price quotes and these smaller providers provide coverage only through local independent agencies.
Other information
- Distracted Driving (Insurance Information Institute)
- What Insurance is Cheapest for High School Students in Albuquerque? (FAQ)
- Who Has the Cheapest Albuquerque Auto Insurance for a Ford F-150? (FAQ)
- How Much are Auto Insurance Rates for 19 Year Olds in Albuquerque? (FAQ)
- Preventing Carjacking and Theft (Insurance Information Institute)
- Vehicle Insurance (Wikipedia)
- Choosing a Car for Your Teen (State Farm)
- Auto Insurance FAQ (Farmers Insurance)