Do you want to stop overpaying and find the cheapest Ford Fusion Hybrid insurance in Raleigh? Scraping up a payment for pricey Ford Fusion Hybrid insurance in Raleigh can overdraw your savings and force you to make tough financial choices. Price shopping at each renewal is free and is an excellent way to ensure you are getting the best deal.
It’s an obvious statement that car insurance companies don’t want customers comparing rates. Insureds who compare price quotes are highly likely to switch to a new company because they stand a good chance of finding lower prices. A recent survey revealed that people who shopped around saved on average $850 each year compared to policyholders who never shopped around for lower prices.
If finding the lowest price for car insurance is your objective, then understanding how to get price quotes and compare coverage rates can make it easier to find better rates.
Big companies like State Farm, GEICO and Farmers Insurance all promote huge savings with TV and radio ads and consumers find it hard to ignore the flashy ads and effectively compare rates to find the best deal.
It’s a good habit to get comparison quotes periodically because car insurance prices go up and down regularly. If you had the lowest rate on Ford Fusion Hybrid insurance in Raleigh a few years ago there may be better deals available now. There is a lot of bad advice regarding Fusion Hybrid insurance online but in a few minutes you can learn a bunch of ideas how to lower your car insurance bill.
Cheapest companies for Ford Fusion Hybrid insurance
The following companies can provide free rate quotes in Raleigh, NC. If multiple companies are listed, it’s a good idea that you visit two to three different companies in order to get a fair rate comparison.
Insurance coverage analysis
The premium information shown below covers different insurance rates for Ford Fusion Hybrid models. Having knowledge of how insurance rates are determined is important to be able to make decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $186 | $454 | $352 | $20 | $106 | $1,118 | $93 |
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can revise insurance rates noticeably.
Physical damage deductibles
When comparing insurance rates, the most common question is how high should your deductibles be. The following insurance rates approximate the differences in price when you select higher and lower coverage deductibles. The first pricing table uses a $250 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 | $218 | $440 | $312 | $18 | $94 | $1,107 | $92 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $176 | $354 | $312 | $18 | $94 | $954 | $80 |
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Premium costs do not factor in specific Raleigh garaging location which can raise or lower premium rates significantly.
Based on this data, using a $250 deductible will cost you approximately $12 more each month or $144 annually than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you go more than 21 months between claims, you would save money if you elect the higher deductible.
How to calculate when to raise deductibles
| Average monthly premium for $250 deductibles: | $92 |
| Average monthly premium for $500 deductibles (subtract): | – $80 |
| Monthly savings from raising deductible: | $12 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $12 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 21 months |
One thing to note is that a higher deductible means you will have to cover more of the damage yourself when you have a comprehensive or collision claim. It will be required that you have enough savings in the event you need to pay more for the deductible.
The example below demonstrates how deductible levels and can change Ford Fusion Hybrid insurance costs for different insured age categories. Data assumes a single male driver, full coverage, and no discounts are factored in.
Does it make sense to buy full coverage?
The information below visualizes the comparison of Ford Fusion Hybrid insurance costs when comparing full coverage to state minimum liability only. The rate quotes are based on no violations or accidents, $1,000 deductibles, single marital status, and no discounts are factored in.
When to eliminate full coverage
There is no clear-cut rule of when to eliminate full coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let’s assume your Ford Fusion Hybrid book value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after you pay the deductible. If premiums are more than $500 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some situations where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.
These discounts can slash Ford Fusion Hybrid insurance rates
Car insurance companies don’t always publicize every possible discount very clearly, so we took the time to find some of the more common in addition to some of the lesser obvious credits available to you.
- Paper-free Discount – A few companies will discount your bill up to fifty bucks for buying your policy on their website.
- Discount for Life Insurance – Select car insurance companies reward you with a discounted premium rate on car insurance if you buy auto and life insurance together.
- Early Renewal Discounts – Some larger companies reward drivers for signing up prior to your current Fusion Hybrid insurance policy expiration. It’s a savings of about 10%.
- No Accidents – Drivers with accident-free driving histories can save substantially when compared to drivers who are more careless.
- Low Mileage – Low mileage vehicles could qualify for lower prices on the low mileage vehicles.
- Anti-lock Brake Discount – Anti-lock brake equipped vehicles can avoid accidents so you can save 10 percent or more.
- More Vehicles More Savings – Buying coverage for several vehicles on the same car insurance policy qualifies for this discount.
A little note about advertised discounts, most discount credits are not given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, it’s just not the way it works.
The example below shows the difference between Ford Fusion Hybrid insurance costs with and without discounts being applied to the rates. Data assumes a female driver, a clean driving record, no claims, North Carolina state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, multi-policy, marriage, safe-driver, and homeowner discounts applied.
Larger car insurance companies and a selection of discounts are shown below.
- GEICO offers premium reductions for daytime running lights, multi-vehicle, five-year accident-free, anti-lock brakes, air bags, membership and employees, and multi-policy.
- USAA may offer discounts for military installation, loyalty savings, multi-vehicle, defensive driver, multi-policy, vehicle storage, and safe driver.
- Progressive has savings for good student, homeowner, online signing, multi-policy, multi-vehicle, continuous coverage, and online quote discount.
- American Family offers discounts for multi-vehicle, early bird, bundled insurance, TimeAway discount, mySafetyValet, and good student.
- Esurance has discounts for DriveSense, good driver, multi-policy, anti-theft, renters, and Pac-12 alumni.
- Farmers Insurance may include discounts for homeowner, bundle discounts, pay in full, mature driver, electronic funds transfer, multi-car, and distant student.
- State Farm discounts include safe vehicle, student away at school, good driver, anti-theft, and defensive driving training.
Before buying, ask all companies you are considering which credits you are entitled to. Savings might not be offered on policies everywhere. To find insurers with the best Ford Fusion Hybrid insurance discounts in Raleigh, follow this link.
Raleigh Insurance Rates are Influenced by These Factors
Many different elements are considered when pricing auto insurance. A few of the factors are predictable like a motor vehicle report, although others are more transparent such as whether you are married or your commute time.
The items below are just a few of the factors utilized by car insurance companies to help set your prices.
- Use one insurance company and save – Most insurance companies provide better rates to clients who have multiple policies with them. It’s known as a multi-policy discount. The amount of the discounts can be ten or even fifteen percent. Even if you qualify for this discount already, consumers should still compare Ford Fusion Hybrid rates in Raleigh to help guarantee you have the best rates.There is a chance you can save more without the discount by buying from different companies
- Your location is a factor – Residing in areas with lower population has it’s advantages when talking about insurance. Fewer drivers on the road corresponds to lower accident rates and a lower car theft rate. City drivers have to deal with more aggressive driving styles and more time behind the wheel. The longer drive time means a statistically higher chance of an accident.
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Accidents hurt – Careful drivers pay less for auto insurance than people who have multiple driving citations. Even a single driving citation can increase rates forty percent or more. Drivers who have gotten multiple citations such as reckless driving, hit and run or driving under the influence might be required by their state to maintain a SR-22 with their state in order to drive a vehicle legally.
The diagram below highlights how speeding tickets and fender-benders can raise Ford Fusion Hybrid insurance premiums for different age categories. The premium estimates are based on a married female driver, full coverage, $100 deductibles, and no policy discounts are applied.
- Liability insurance safeguards assets – Liability insurance is the protection if ever you are determined to be liable for causing damage or personal injury in an accident. This coverage provides legal defense which can cost a lot. Liability insurance is quite affordable as compared to coverage for physical damage, so do not skimp.
- Physical damage deductibles – The deductibles you choose tell how much you are required to spend if you file a covered claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some examples of claims that would be covered could be a windshield broken by a bird, damage caused by hail, and damage caused by road hazards. The more expense you are required to pay out-of-pocket, the lower your rates will be.
- Vocation stress can affect premiums – Occupational choices like doctors, airline pilots, and financial analysts usually pay the highest average rates because of intense work requirements and extremely grueling work hours. Conversely, careers such as professors, athletes and performers pay the least.
- Prevent insurance lapses – Driving without insurance is a big no-no and insurance companies will penalize you for letting your insurance lapse for non-payment. Not only will you pay higher rates, being ticketed for driving with no insurance may result in a fine, jail time, or a revoked license. Then you may be required to file a SR-22 with the North Carolina DMV.
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Insurance loss probability for a Ford Fusion Hybrid – Insurance companies take into consideration historical loss data for every vehicle when they calculate premium prices for each model. Vehicles that are shown to have higher claim amounts or frequency will have higher premium rates.
The next table illustrates the insurance loss data used by companies for Ford Fusion Hybrid vehicles. For each coverage type, the statistical loss for all vehicles, regardless of make or model, is set at 100. Values under 100 suggest a better than average loss history, while values that are above 100 indicate more frequent claims or tendency to have higher losses.
Ford Fusion Hybrid Insurance Loss Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford Fusion Hybrid 125 97 98 92 93 95 BETTERAVERAGEWORSEStatistics from IIHS.org for 2013-2015 Model Years
Insurance agents can help
When quoting and choosing a policy, there really is not a perfect coverage plan. Every insured’s situation is different so this has to be addressed.
For example, these questions might point out if your insurance needs would benefit from an agent’s advice.
- When should I remove comp and collision on my Ford Fusion Hybrid?
- How high should my medical payments coverage be?
- How high should deductibles be on a Ford Fusion Hybrid?
- I have good health insurance, so how much medical payments coverage do I need?
- What is no-fault insurance?
- Can I get a multi-policy discount?
- Should I get collision insurance on every vehicle?
- If I use my vehicle for business use is it covered?
If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.
Local Raleigh insurance agencies
Certain consumers still prefer to have an agent’s advice and there is nothing wrong with that. An additional benefit of comparing insurance online is you may find lower rates and still choose a local agent. Putting coverage with neighborhood insurance agencies is important particularly in Raleigh.
After filling out this quick form, your insurance data is instantly submitted to local insurance agents who will give you bids for your insurance coverage. There is no reason to find an agent on your own because prices are sent straight to your inbox. You can find the lowest rates without the usual hassles of price shopping. In the event you want to get a comparison quote for a specific company, feel free to navigate to their website and submit a quote form there.
Exclusive agents vs. Independent agents
If you want to buy insurance from a reputable insurance agent or broker, there are a couple of different agency structures to choose from. Insurance agencies in Raleigh are categorized either exclusive or independent (non-exclusive).
Independent Insurance Agents
Independent agencies are normally appointed by many insurers so they can write business with multiple insurance companies and get you the best rates possible. If they quote lower rates, your agent can just switch to a different company and you stay with the same agent. When comparing rate quotes, it’s a good idea to get insurance quotes from a few independent agents in order to have the best price comparison.
Below are Raleigh independent insurance agencies that may be able to provide price quotes.
J. Miller Lawson Agency – Nationwide Insurance
9360 Falls of Neuse Rd #201 – Raleigh, NC 27615 – (919) 676-5695 – View Map
Durfey-Hoover-Bowden Insurance Agency
3741 Benson Dr – Raleigh, NC 27609 – (919) 790-6415 – View Map
Nationwide Insurance: Michael E Okoli Agency Inc
309 W Millbrook Rd #151 – Raleigh, NC 27609 – (919) 786-1960 – View Map
Exclusive Agencies
Agents in the exclusive channel write business for a single company such as State Farm, AAA, and Liberty Mutual. Exclusive agents cannot compare rates from other companies so you need to shop around if the rates are high. These agents are well trained on their products and sales techniques which aids in selling service over price.
Shown below is a short list of exclusive agents in Raleigh who can help you get rate quotes.
Anthony Sykes – State Farm Insurance Agent
4030 Wake Forest Rd Ste 106 – Raleigh, NC 27609 – (919) 850-0560 – View Map
Karen Boone – State Farm Insurance Agent
5603 Creedmoor Rd – Raleigh, NC 27612 – (919) 782-6666 – View Map
David Brown – State Farm Insurance Agent
9380 Falls of Neuse Rd #105 – Raleigh, NC 27615 – (919) 846-1819 – View Map
Selecting an auto insurance agent should depend on more than just a cheap price. Before buying a policy in Raleigh, get answers to these questions.
- Are there any discounts for paying up front?
- Is working in the agency their full-time job?
- Does the quote include credit and driving reports?
- In the event of vehicle damage, can you pick the collision repair facility?
- Do you qualify for any additional discounts?
- Which members of your family are coverage by the policy?
Be persistent to save money
We just showed you a lot of tips how to shop for Ford Fusion Hybrid insurance online. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. Drivers may even discover the lowest priced auto insurance comes from a lesser-known regional company. Some small companies may only write in your state and offer lower rates than their larger competitors like Allstate and Progressive.
Some insurance providers don’t offer rate quotes online and these regional insurance providers sell through independent insurance agents. Affordable Ford Fusion Hybrid insurance in Raleigh can be found both online and from local insurance agents, and you need to price shop both in order to have the best price selection to choose from.
How to find more affordable Ford Fusion Hybrid insurance in Raleigh
If you want to save money, the best way to save on auto insurance rates is to start doing a yearly price comparison from insurers who can sell car insurance in Raleigh.
First, read about how car insurance works and the things you can control to keep rates down. Many things that are responsible for high rates such as at-fault accidents, speeding tickets, and a negative credit score can be controlled by making minor changes in your lifestyle.
Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or State Farm, while independent agents can give you price quotes from multiple companies.
Third, compare the quotes to your existing policy to determine if you can save on Fusion Hybrid insurance in Raleigh. If you can save money, ensure coverage does not lapse between policies.
Fourth, provide written notification to your current company to cancel your current auto insurance policy. Submit a down payment along with a signed application to your new company or agent. As soon as you receive it, place your new proof of insurance paperwork in an accessible location in your vehicle.
The most important part of shopping around is to use identical limits and deductibles on each price quote and and to get rates from as many auto insurance providers as possible. This enables a fair rate comparison and many rates to choose from.
Additional information is located below:
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- What Car Insurance is Cheapest for Inexperienced Drivers in Raleigh? (FAQ)
- What Insurance is Cheapest for Retired Military in Raleigh? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Teenage Males in Raleigh? (FAQ)
- Who Has Affordable Auto Insurance for Drivers Over Age 50 in Raleigh? (FAQ)
- What to do at the Scene of an Accident (Insurance Information Institute)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)