Think you have an overpriced car insurance policy? Don’t sweat it because you’re not alone.
It’s an obvious assumption that insurance companies don’t want their customers to go rate shopping. Insureds who shop around annually are inclined to switch to a new company because there is a great chance of finding coverage at a cheaper rate. A recent car insurance study discovered that consumers who regularly compared price quotes saved as much as $3,400 over four years compared to other drivers who never compared rates.
If saving money on car insurance is your ultimate target, then having an understanding of how to compare insurance premiums can help make the process easier and more efficient.
Steps to buying cheaper Ford Fusion insurance in Portland
It takes a few minutes, but the best way to get discount car insurance rates is to begin comparing prices regularly from insurers in Portland. Prices can be compared by following these steps.
Step 1: Try to comprehend individual coverages and the factors you can control to prevent high rates. Many risk factors that are responsible for high rates such as careless driving and an imperfect credit score can be improved by making minor changes to your lifestyle. This article gives instructions to prevent rate hikes and get discounts that may be available to you.
Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes for many different companies. Begin your rate comparison
Step 3: Compare the quotes to the price on your current policy to see if cheaper Fusion coverage is available in Portland. If you find a lower rate quote and make a switch, make sure there is no coverage gap between policies.
Step 4: Tell your current company of your intention to cancel your current policy and submit payment and a signed application to your new insurance company. Immediately upon receiving it, keep the new certificate verifying proof of insurance in an easily accessible location.
The key thing to remember is to use similar coverage information on each price quote and and to get quotes from every company you can. Doing this provides an accurate price comparison and a complete price analysis.
Due to the abundance of choices for buying cheap insurance for a Ford Fusion in Portland, it’s nearly impossible to locate a more affordable insurance company.
Ford Fusion insurance rates and statistics
The premium table shown below highlights detailed analysis of insurance coverage prices for Ford Fusion models. Learning as much as possible about how insurance prices are formulated can be useful when making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $118 | $218 | $300 | $18 | $90 | $744 | $62 |
| Fusion SE 4-Dr Sedan | $132 | $256 | $300 | $18 | $90 | $796 | $66 |
| Fusion Hybrid 4-Dr Sedan | $132 | $294 | $376 | $22 | $112 | $936 | $78 |
| Fusion SEL 4-Dr Sedan | $132 | $256 | $300 | $18 | $90 | $796 | $66 |
| Fusion Sport 4-Dr Sedan | $132 | $256 | $300 | $18 | $90 | $796 | $66 |
| Fusion SEL AWD 4-Dr Sedan | $148 | $294 | $300 | $18 | $90 | $850 | $71 |
| Fusion Sport AWD 4-Dr Sedan | $148 | $294 | $300 | $18 | $90 | $850 | $71 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Price information does not factor in vehicle garaging location which can affect premium rates considerably.
Car insurance deductibles
One frequently asked question is what deductibles to buy. The comparison tables below determine the rate differences between low and high deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $274 | $496 | $320 | $18 | $96 | $1,229 | $102 |
| Fusion SE 4-Dr Sedan | $310 | $586 | $320 | $18 | $96 | $1,355 | $113 |
| Fusion Hybrid 4-Dr Sedan | $310 | $674 | $400 | $24 | $120 | $1,553 | $129 |
| Fusion SEL 4-Dr Sedan | $310 | $586 | $320 | $18 | $96 | $1,355 | $113 |
| Fusion Sport 4-Dr Sedan | $310 | $586 | $320 | $18 | $96 | $1,355 | $113 |
| Fusion SEL AWD 4-Dr Sedan | $346 | $674 | $320 | $18 | $96 | $1,479 | $123 |
| Fusion Sport AWD 4-Dr Sedan | $346 | $674 | $320 | $18 | $96 | $1,479 | $123 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $200 | $336 | $320 | $18 | $96 | $970 | $81 |
| Fusion SE 4-Dr Sedan | $226 | $396 | $320 | $18 | $96 | $1,056 | $88 |
| Fusion Hybrid 4-Dr Sedan | $226 | $456 | $400 | $24 | $120 | $1,226 | $102 |
| Fusion SEL 4-Dr Sedan | $226 | $396 | $320 | $18 | $96 | $1,056 | $88 |
| Fusion Sport 4-Dr Sedan | $226 | $396 | $320 | $18 | $96 | $1,056 | $88 |
| Fusion SEL AWD 4-Dr Sedan | $252 | $456 | $320 | $18 | $96 | $1,142 | $95 |
| Fusion Sport AWD 4-Dr Sedan | $252 | $456 | $320 | $18 | $96 | $1,142 | $95 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rate information does not factor in vehicle location which can change premium rates significantly.
Based on the figures above, using a $100 deductible will cost you roughly $26 more each month or $312 each year averaged for all Fusion models than requesting the higher $500 deductible. Since you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 15 months between claim filings, you would probably save some money if you decide on a higher deductible. Below is an example of how this calculation is made.
| Average monthly premium for $100 deductibles: | $117 |
| Average monthly premium for $500 deductibles (subtract): | – $91 |
| Monthly savings from raising deductible: | $26 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $26 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 15 months |
One big caveat is that increasing deductibles to lower your rates means you will have to pay more out-of-pocket when you have a comprehensive or collision claim. You need to make sure you have some savings in the event you have to pay the higher deductible in order to repair your vehicle.
Comparison of car insurance rates by gender and age
The diagram below illustrates the comparison of Ford Fusion premium costs for male and female drivers. Data assumes no claims or driving violations, full physical damage coverage, $500 deductibles, single marital status, and no additional discounts are factored in.
Rate difference between full and liability-only coverage
The information below compares Ford Fusion car insurance costs with and without full coverage. The costs are based on no violations or accidents, $1,000 deductibles, single marital status, and no discounts are taken into consideration.
Deciding between full coverage and liability only
There is no definitive rule to drop full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s assume your Ford Fusion replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $8,000 after paying your policy deductible. If you are currently paying more than $800 annually for full coverage, then you may want to consider only buying liability coverage.
There are some circumstances where eliminating full coverage is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should maintain full coverage.
Good Decisions Result in Lower Insurance Rates
A large part of saving on auto insurance is knowing the factors that go into determining your policy premiums. If you understand what controls the rates you pay, this allows you to make educated decisions that could help you find better auto insurance rates.
Higher physical damage deductibles are cheaper – Physical damage insurance, aka comp and collision, is used to repair damage to your vehicle. A few examples of covered claims would be a dented fender, damage caused by hail, and damage caused by flying debris. The deductibles you choose are the amount of money you are willing to pay out-of-pocket in the event of a claim. The higher the amount the insured is willing to pay, the bigger discount you will receive.
Being married can save on auto insurance – Getting married may cut your premiums when buying auto insurance. It may mean you are more stable financially and it’s proven that married drivers get in fewer accidents.
Rates can be impacted by your occupation – Did you know your job can affect your rates? Occupational choices like lawyers, executives, and accountants tend to pay higher rates than the rest of us because of job stress and long work days. Conversely, jobs such as farmers, engineers and homemakers receive lower rates.
Bundle policies with the same company – The majority of insurers will award lower prices to people who carry more than one policy in the form of a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even if you already get this discount, consumers should still check prices from other companies to help ensure you have the lowest rates.
Do you really need to file those insurance claims? – Auto insurance companies in Oregon give most affordable rates to drivers who are claim-free. If you frequently file small claims, you can definitely plan on either policy cancellation or increased premiums. Your car insurance is meant to be used in the event of larger claims.
Insurance losses for a Ford Fusion – Companies analyze the history of losses as a tool for profitable underwriting. Models that historically have higher losses will have higher rates for specific coverages. The information below illustrates the actual insurance loss data for Ford Fusion vehicles.
For each type of coverage, the claim probability for all vehicles as a whole is considered to be 100. Numbers below 100 imply a favorable loss record, while percentage values above 100 indicate higher probability of having a loss or an increased likelihood of larger losses.
| Vehicle Make and 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 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
The most affordable rates come from being thorough
People change insurance companies for a variety of reasons including policy cancellation, delays in responding to claim requests, high prices or unfair underwriting practices. Whatever your reason, finding a great new company is less work than it seems.
Some car insurance companies may not provide price quotes online and many times these small insurance companies only sell coverage through local independent agents. Affordable Ford Fusion insurance in Portland can be bought on the web and from local agencies, and you should compare price quotes from both to get a complete price analysis.
While you’re price shopping online, don’t be tempted to reduce coverage to reduce premium. In too many instances, an insured dropped full coverage only to regret that it was a big mistake. The aim is to find the BEST coverage at an affordable rate, but don’t skip important coverages to save money.
Steps to buying affordable Ford Fusion insurance in Portland
It takes a few minutes, but the best way to find cheaper quotes for auto insurance rates in Portland is to compare prices annually from insurers in Oregon. You can compare prices by following these steps.
- First, take a little time to learn about how your policy works and the measures you can take to prevent expensive coverage. Many factors that drive up the price like accidents, careless driving, and a less-than-favorable credit score can be controlled by paying attention to minor details.
- Second, compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like Progressive and State Farm, while agents who are independent can give you price quotes from multiple insurance companies.
- Third, compare the new quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate quote and make a switch, verify that coverage does not lapse between policies.
- Fourth, tell your current company to cancel your existing policy and submit payment and a signed application to the newly selected company. Make sure you keep your new proof of insurance certificate in an easily accessible location in your vehicle.
A key point to remember is to compare the same liability limits and deductibles on each price quote and to quote with as many car insurance companies as possible. This enables an accurate price comparison and the best price quote selection.
Additional information is available at the links below
- State Laws for Cellphones and Texting (iihs.org)
- What Insurance is Cheapest with Multiple Speeding Tickets in Portland? (FAQ)
- How Much are Portland Car Insurance Rates for Good Drivers? (FAQ)
- Car Insurance FAQ (Trusted Choice)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Teen Driver Statistics (Insurance Information Institute)