Finding economical auto insurance for a Ford Fusion is pretty easy for most people to do, but it relies on a very complex rating algorithm that uses multiple factors such as the age of the Fusion, the condition of your credit, and your choice of deductibles. Drivers in North Carolina will pay on average $849 a year for Fusion insurance, but that price is an approximation based upon a 40-year-old single male driver with full comprehensive and collision coverage and $500 deductibles.
This brings up the issue that more than likely you may not be 40 years old (or even male), married instead of single, and maybe you want higher deductibles. Car insurance coverage is unique to each driver, so this is why the way we recommend to find cheap car insurance rates for your Ford is to do a thorough rate comparison.
The trim level of your Fusion impacts price, so the rate you pay to insure a Fusion S 4-Dr Sedan trim level will be $146 lower than the insurance cost for the high end Fusion Sport AWD 4-Dr Sedan trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Fusion S 4-Dr Sedan||$154||$300||$302||$18||$90||$864||$72|
|Fusion SE 4-Dr Sedan||$174||$354||$302||$18||$90||$938||$78|
|Fusion Hybrid 4-Dr Sedan||$174||$408||$376||$22||$112||$1,092||$91|
|Fusion SEL 4-Dr Sedan||$174||$354||$302||$18||$90||$938||$78|
|Fusion Sport 4-Dr Sedan||$174||$354||$302||$18||$90||$938||$78|
|Fusion SEL AWD 4-Dr Sedan||$192||$408||$302||$18||$90||$1,010||$84|
|Fusion Sport AWD 4-Dr Sedan||$192||$408||$302||$18||$90||$1,010||$84|
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Price information does not factor in zip code location which can modify premiums substantially.
Finding good, cost effective insurance is confusing at best, and deciding which companies have the lowest-priced car insurance rates for a Ford Fusion will involve a bit more work. Every insurance provider uses slightly different criteria to set policy rates, so first we will examine the most budget-friendly car insurance companies in Raleigh, NC.
It’s important to understand that Raleigh, NC car insurance rates are determined by lots of factors which can significantly increase or decrease the cost of your policy. This is why drivers need to compare many different companies when trying to find the most budget-friendly auto insurance rates for a Ford Fusion. Auto insurance prices are made up of many factors and change substantially, so the best company the last time you compared rates may now cost much more than other companies.
Compare Cheap Insurance Quotes for Your Fusion
|Rank||Company||Cost Per Year|
|3||NC Farm Bureau||$709|
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Utica National generally has some of the cheapest car insurance rates in Raleigh at around $643 annually. Progressive, NC Farm Bureau, GEICO, and Liberty Mutual would also make the list of some of the cheaper Raleigh, NC insurance companies.
In the above example, if you buy coverage from Liberty Mutual and switched to Progressive, you might achieve yearly savings of in the vicinity of $70. Customers with Penn National might save as much as $74 a year, and Titan policyholders might cut rates by $108 a year.
Understand that those policy rates are averaged for all types of insureds and vehicles and do not take into consideration an exact zip code location for a Ford Fusion. So the company that is best for you may not even be in the top 20 companies shown above. That is why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.
Impact of speeding/accidents on car insurance rates
In a perfect world, the best way to earn affordable car insurance rates in North Carolina for a Fusion is to be a safe driver and not get tickets or have accidents. The example below demonstrates how citations and at-fault claims can drive up insurance rates for different age groups. The information is based on a married female driver, full coverage, $1,000 deductibles, and no discounts are applied.
In the example above, the average cost of auto insurance in North Carolina per year with no accidents and a clean driving record is $954. Factor in two speeding tickets and the average cost jumps to $1,346, an increase of $391 each year. Then add one accident along with the two speeding tickets and the yearly cost of car insurance for a Ford Fusion increases to an average of $1,745. That’s an increase of $791, or $66 per month, just for being a less-than-perfect driver!
The chart below shows how choosing a deductible can change insurance premiums when researching cheap insurance for a Ford Fusion. The prices are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
A 30-year-old driver could reduce rates by $356 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $534 by choosing a $1,000 deductible. Younger drivers, like the Age 20 category, could reduce their rates $1,060 or more just by choosing higher deductibles. When choosing a higher deductible, it will be necessary to have emergency funds available to allow you to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Does full coverage make sense?
Saving on car insurance is probably important to most vehicle owners, and a great way to buy cheaper insurance for a Ford Fusion is to only pay for liability coverage. The diagram below illustrates the comparison of car insurance rates with full coverage and liability only. The prices are based on a clean driving record, no claims, $250 deductibles, drivers are single, and no policy discounts are applied.
If we average all the age groups together, physical damage insurance costs an additional $1,695 per year more than insuring for liability only. That raises the question if it’s worth it to buy full coverage. There is no definitive rule that works best for making the decision to drop physical damage insurance, but there is a broad guideline. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s say your vehicle’s replacement cost is $12,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $11,000 after the policy deductible has been paid. If you are paying over $1,100 a year for comprehensive and collision coverage, then it might be time to buy liability only.
There are a few cases where buying only liability insurance is not a good plan. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to keep the loan. 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.