Want to learn how to save money and find more competitive Ford Fusion Hybrid insurance in Fort Worth? Are you drained from sacrificing other expenses to make your insurance payment? You are in the same boat as the majority of other consumers in Texas.
It’s amazing but a large majority of drivers have bought insurance from the same company for a minimum of four years, and approximately 38% of consumers have never shopped around. The average driver in Fort Worth can save hundreds of dollars each year by just shopping around, but they don’t want to spend time to shop their coverage around. Big companies like Allstate and Progressive all promote huge savings with fancy advertisements and it can be hard to separate fact from fiction and do the work needed to find the best deal.
If you have a policy now or just want a better rate, follow these tips to reduce premiums without reducing coverage. Choosing the best rates in Fort Worth is easy if you know what you’re doing. Smart buyers just need to learn the proper methods to shop over the internet.
The easiest way to get policy rate comparisons for Ford Fusion Hybrid insurance in Fort Worth is to understand most of the larger companies participate in online systems to give rate comparisons. To begin a comparison, all you need to do is give the companies some data like the type of vehicles you drive, how much you drive, if a SR-22 is needed, and whether your vehicle is owned or leased. Your rating data gets sent immediately to many of the top insurers and you will get price comparisons very quickly.
To compare cheaper Ford Fusion Hybrid insurance rates now, click here and enter your coverage details.
The providers in the list below offer comparison quotes in Fort Worth, TX. If multiple companies are listed, it’s highly recommended you get price quotes from several of them to find the most affordable auto insurance rates.
Ford Fusion Hybrid insurance statistics and information
The data table below outlines detailed analysis of insurance coverage prices for Ford Fusion Hybrid models. Having a good understanding how car insurance prices are determined can be useful when making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $246 | $500 | $490 | $30 | $146 | $1,412 | $118 |
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Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Rate quotes do not factor in zip code location which can affect insurance rates substantially.
Car insurance rates by age and gender in Fort Worth
The diagram below illustrates the difference between Ford Fusion Hybrid yearly insurance costs for male and female drivers. The price estimates are based on no claims or driving violations, full coverage, $100 deductibles, single status, and no additional discounts are factored in.
Full coverage versus liability-only in Fort Worth
The example below shows the difference between Ford Fusion Hybrid annual premium costs with full physical damage coverage compared to only buying liability only. The premiums are based on no accidents or driving violations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
When to drop comprehensive and collision
There is no clear-cut rule to stop paying for comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
For example, let’s say your Ford Fusion Hybrid book value is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $5,000 after the policy deductible has been paid. If you are paying over $500 a year to have full coverage, then you might consider buying liability only.
There are some cases where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
Educated Choices Result in Lower Insurance Rates
Many things are used when premium rates are determined. Some are obvious such as traffic violations, but other factors are not as apparent such as your credit history and annual miles driven. An important part of buying insurance is that you know a few of the rating criteria that go into determining the rates you pay for insurance. When you know what positively or negatively controls the rates you pay, this empowers consumers to make smart changes that can earn you cheaper rates.
City traffic equals higher rates – Living in small towns and rural areas can be a good thing when trying to find low car insurance rates. Residents of big cities regularly have traffic congestion and longer commutes to work. Less people means fewer accidents in addition to fewer liability claims.
Extra policy coverages push up prices – There are a ton of extra bells and whistles that may not really be needed if you aren’t diligent. Coverages like rental car reimbursement, death and dismemberment, and extra equipment coverage are probably not needed. They may seem like a good idea when talking to your agent, but if you have no use for them remove them from your policy.
More performance means more cost – The performance level of the vehicle you are trying to find cheaper insurance for makes a big difference in your rates. Lower cost passenger cars usually have the lowest rates, but other factors influence the final cost greatly.
The following chart assumes a married female driver age 20, full coverage with $500 deductibles, and no discounts or violations. It illustrates Ford Fusion Hybrid insurance premiums compared to other models of vehicles that have a range of performance rating factors.
Drive fewer miles and save – Driving a lot of miles each year the more it will cost to insure it. A lot of companies price each vehicle’s coverage based on how the vehicle is used. Cars and trucks left parked in the garage qualify for better rates than vehicles that have high annual mileage. An improperly rated Fusion Hybrid is just wasting money. It’s a good idea to make sure your declarations sheet states the correct driver usage.
Driving citations can be expensive – Drivers who don’t get tickets get better rates compared to bad drivers. Even a single speeding ticket or other violation could increase your next policy renewal by twenty percent. Drivers who get multiple citations like hit and run, DWI or reckless driving convictions may face state-mandated requirements to complete a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.
The example below shows how traffic citations and at-fault accidents influence Ford Fusion Hybrid car insurance costs for different age groups. The price estimates are based on a single female driver, full coverage, $100 deductibles, and no discounts are factored in.
Ford Fusion Hybrid statistical loss data – Companies include the past claim trends for vehicles to calculate a price that will offset losses. Vehicles that the statistics show to have a trend towards higher claims will have a higher cost to insure. The data below shows the collected loss data for Ford Fusion Hybrid vehicles.
For each insurance policy coverage type, the claim amount for all vehicles averaged together is equal to 100. Percentages below 100 suggest a better than average loss history, while percentages above 100 indicate frequent claims or an increased probability of a larger loss.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Ford Fusion Hybrid | 125 | 97 | 98 | 92 | 93 | 95 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance just makes sense
Despite the potentially high cost of Ford Fusion Hybrid insurance, paying for auto insurance is most likely required but also gives you several important benefits.
- Most states have minimum mandated liability insurance limits which means you are required to buy a specific minimum amount of liability coverage in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your Ford Fusion Hybrid, almost every bank will require that you buy insurance to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the lender will be forced to insure your Ford at a much higher premium rate and force you to pay for the expensive policy.
- Auto insurance protects not only your car but also your assets. It will also pay for medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance definitely exceed the cost, especially with large liability claims. The average driver in Texas is currently overpaying as much as $825 a year so compare rate quotes at every policy renewal to be sure current rates are still competitive.