Did a good deal turn into an underperforming, overpriced insurance policy? You're in good company because there are many people just like you.
Sad but true, nearly 70% of customers have been with the same company for four years or more, and practically 40% of insurance customers have never shopped around. Minnesota drivers can save about 50% each year just by shopping around, but they just don't understand how much savings they would realize if they moved their coverage to a different company.
With consumers having so many choices for buying lower-cost insurance for a Ford Fusion in St. Paul, it can be diffult for drivers to locate the lowest cost insurance company.
You need to compare premium rates on a regular basis because insurance rates are variable and change quite frequently. Even if you got the lowest rate on Ford Fusion insurance in St. Paul on your last policy a different company probably has better prices today. Forget all the misinformation about insurance because I'm going to let you in on the secrets to the tricks you need to know to lower your rates without sacrificing coverage.
Locating the most cost-effective insurance policy in St. Paul is quite easy if you know the best way to do it. Basically, anyone who carries insurance should find a lower-cost policy. But Minnesota drivers can benefit by having an understanding of how the larger insurance companies compete online.
Get Lower-cost Insurance Premiums by Understanding These Factors
When buying car insurance it's important to understand the different types of things that play a part in calculating your car insurance rates. When consumers understand what influences your rates, this allows you to make educated decisions that will entitle you to lower rates.
Know your credit rating - Credit score is a large factor in your rate calculation. If your credit can use some improvement, you could be paying less to insure your Ford Fusion by improving your credit score. People with good credit tend to be more responsible as compared to drivers with worse credit.
Save by driving less - The more you drive each year the higher your rate. A lot of companies apply a rate based on how the vehicle is used. Vehicles used primarily for pleasure use can get a lower rate compared to those used for work or business. Verify your vehicle rating reflects how each vehicle is driven, because improper ratings can cost you money. An incorrectly rated Fusion may be costing you higher rates.
High coverage deductibles reduce costs - The deductibles tell how much you are required to pay in the event of a claim. Protection for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Examples of covered claims are collision with another vehicle, damage from fire, or theft of your vehicle. The more money you are required to pay out-of-pocket, the less your car insurance will be.
Drive a fast car and pay more - The type of car you drive makes a significant difference in determining your rates. The lowest premiums are for lower performance four cylinder passenger cars, but other factors influence the final cost greatly. Due to the fact that the Ford Fusion falls in the passenger car class, rates will be similar in price or lower as compared to the average rate in St. Paul.
Women pay lower rates - Over time, data shows that women are safer drivers than men. Now that doesn't mean women are BETTER drivers than men. Men and women tend to get into accidents in similar numbers, but the males tend to have higher claims. They also have more aggressive citations like driving under the influence (DUI). Youthful male drivers tend to get in the most accidents so it costs more to insure them.
Small coverages can add up - There are a lot of additional coverages that can waste your money if you aren't careful. Insurance for rental car coverage, towing coverage, and extra life insurance coverage could be just wasting money. The coverages may be enticing when you first buy your policy, but now you might not need them so eliminate them to save money.
Insurance loss data for a Ford Fusion - Insurers analyze past claim statistics to help calculate a profitable premium rate. Vehicles that are shown to have high amounts or severity of claims will have higher premium rates.
The table below demonstrates the collected loss data for Ford Fusion vehicles. For each coverage category, the claim amount for all vehicles combined as an average equals 100. Values that are 100 or less imply a favorable loss record, while values that are 100 or greater indicate more frequent claims or an increased chance of a larger loss.
Insurance Loss Ratings for Ford Fusion Vehicles
|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: Insurance Institute for Highway Safety for 2013-2015 Model Years
Cheapest Ford Fusion insurance quotes in St. Paul
To find the best insurance rates, there are several ways to compare quotes from insurance companies in your area. The simplest method to comparison shop is to perform an online rate comparison.
It's so easy to compare rates online that it makes it obsolete to go to insurance agents' offices. The ability to buy insurance online reduces the need to sit down with an agent unless you're the type of person who wants the professional assistance only provided by licensed St. Paul agents. Drivers can compare the best prices online and still use a local agent.
When comparing insurance rates, know that obtaining a wide range of quotes helps locate lower pricing. Some companies don't provide online price quotes, so it's important to compare price quotes from those companies as well.
The companies shown below can provide comparison quotes in St. Paul, MN. If multiple companies are shown, it's a good idea that you visit as many as you can in order to find the lowest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Fusion S 4-Dr Sedan||$172||$260||$416||$24||$124||$996||$83|
|Fusion SE 4-Dr Sedan||$216||$414||$304||$18||$92||$1,044||$87|
|Fusion Hybrid 4-Dr Sedan||$164||$398||$516||$30||$154||$1,262||$105|
|Fusion SEL 4-Dr Sedan||$316||$486||$416||$24||$124||$1,366||$114|
|Fusion Sport 4-Dr Sedan||$252||$448||$326||$20||$98||$1,144||$95|
|Fusion SEL AWD 4-Dr Sedan||$218||$352||$416||$24||$124||$1,134||$95|
|Fusion Sport AWD 4-Dr Sedan||$216||$442||$334||$20||$100||$1,112||$93|
|Get Your Own Custom Quote Go|
Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Table data does not factor in vehicle location which can affect premiums greatly.
Cautious St. Paul drivers save money
The information below highlights how speeding tickets and accidents can raise Ford Fusion premium costs for different ages of insureds. Data assumes a married male driver, full coverage, $100 deductibles, and no discounts are taken into consideration.
Ford Fusion full coverage rates compared to liability only
The information below illustrates the difference between Ford Fusion car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Minnesota. The data assumes no accidents or driving violations, $100 deductibles, married female driver, and no discounts are taken into consideration.
When to stop buying physical damage coverage
There is no specific rule that is best for determining when to drop full coverage, but there is a general convention. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let's say your Ford Fusion claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If premiums are more than $800 a year to have full coverage, then you might consider buying liability only.
There are some situations where dropping full coverage is not a good plan. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.
Why car insurance is not optional
Despite the high insurance cost for a Ford Fusion in St. Paul, insurance may not be optional for several reasons.
- Most states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability coverage if you want to drive legally. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Fusion has a loan, most banks will stipulate that you have physical damage coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the bank may insure your Ford at an extremely high rate and force you to pay the higher premium.
- Insurance protects both your assets and your car. It will also reimburse you for medical bills for yourself as well as anyone injured by you. Liability insurance will also pay attorney fees if you are sued as the result of your driving. If your Ford gets damaged, your car insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of having insurance more than offset the price you pay, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver overpays more than $865 each year so compare rate quotes each time the policy renews to ensure rates are competitive.
Get cheaper Ford Fusion insurance in St. Paul with discounts
Companies don't necessarily list all discounts very clearly, so the list below gives a summary of both the well known and also the lesser-known credits available to bring down your rates.
- Data Collection Discounts - Insureds that choose to allow driving data collection to look at driving manner by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction as long as the data is positive.
- Defensive Driver Discount - Successfully completing a defensive driving class can save you 5% or more and easily recoup the cost of the course.
- Passenger Safety Discount - Options like air bags or automatic seat belts may earn rate discounts of more than 20%.
- Early Payment Discounts - If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.
- ABS Braking Discount - Cars equipped with ABS or steering control can avoid accidents and therefore earn up to a 10% discount.
- Military Discounts - Having a deployed family member could be rewarded with lower insurance rates.
- Cautious Driver Discount - Drivers without accidents may save up to 50% more as compared to drivers with claims.
- Multiple Cars - Buying coverage for more than one vehicle on one policy could earn a price break for each car.
Discounts lower rates, but some credits don't apply to the entire policy premium. Most only cut the cost of specific coverages such as collision or personal injury protection. Even though it may seem like you could get a free insurance policy, company stockholders wouldn't be very happy.
A list of insurance companies and some of the discounts are detailed below.
- American Family offers discounts including accident-free, air bags, multi-vehicle, defensive driver, early bird, and TimeAway discount.
- Farm Bureau may have discounts that include driver training, 55 and retired, youthful driver, safe driver, renewal discount, and multi-policy.
- State Farm may offer discounts for student away at school, multiple autos, passive restraint, accident-free, good student, and multiple policy.
- Travelers has discounts for save driver, payment discounts, hybrid/electric vehicle, good student, new car, and home ownership.
- The Hartford includes discounts for vehicle fuel type, air bag, anti-theft, bundle, defensive driver, driver training, and good student.
- GEICO may include discounts for driver training, multi-policy, military active duty, daytime running lights, membership and employees, defensive driver, and good student.
- Progressive policyholders can earn discounts including online signing, multi-policy, good student, online quote discount, continuous coverage, homeowner, and multi-vehicle.
Check with every insurance company to give you their best rates. Discounts might not be offered on policies in St. Paul. If you would like to view insurance companies that offer some of these discounts in St. Paul, click here.
When to get advice from an insurance agent
Many people would rather sit down with an agent and that is a smart decision A nice benefit of getting free rate quotes online is that drivers can save money and get better rates and still have an agent to talk to.
By using this form (opens in new window), the coverage information is sent to agents in your area who want to provide quotes for your auto insurance coverage. There is no reason to find an agent on your own since price quotes are sent directly to you. You can most likely find cheaper rates without requiring a lot of work. If for some reason you want to get a comparison quote from a specific company, you just need to go to their quote page and complete a quote there.
Finding a good provider should include more criteria than just the quoted price. Any agent in St. Paul should be forthright in answering these questions:
- If you are a high risk driver, do they have special markets for your coverage?
- Do they have designations such as AIC, CPCU, or CIC?
- What will you get paid if your car is a total loss? How is that amount determined?
- Is the coverage adequate for your vehicle?
- How experienced are they in personal risk management?
- Is the agent and/or agency licensed to do business in Minnesota?
What is the best car insurance coverage?
When it comes to choosing coverage online or from an agent for your personal vehicles, there really is not a one size fits all plan. Everyone's situation is unique and your car insurance should be unique as well. These are some specific questions may help you determine whether or not you will benefit from professional help.
- Should I file a claim if it's only slightly more than my deductible?
- Does rental coverage apply when I am renting a car?
- When should I buy a commercial auto policy?
- When should I drop full coverage on my Ford Fusion?
- What is GAP insurance?
- Do I really need UM/UIM coverage?
- Are my company tools covered if they get stolen?
- Am I covered when driving in Canada or Mexico?
- Is there a penalty for late payment?
If it's difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
Car insurance savings summarized
Throughout this article, we presented a lot of information how to shop for Ford Fusion insurance online. The most important thing to understand is the more providers you compare, the better likelihood of getting the cheapest Ford Fusion rate quotes. Consumers could even find that the lowest priced car insurance comes from some of the lesser-known companies. Regional companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as Progressive and GEICO.
Lower-priced Ford Fusion insurance in St. Paul can be sourced from both online companies in addition to local insurance agencies, and you should compare rates from both to have the best chance of lowering rates. A few companies do not provide internet price quotes and usually these smaller providers sell through independent agents.
For more information, feel free to browse the articles below:
- Determining Your Vehicle's Value and Repair Cost (Insurance Information Institute)
- What is the Cheapest Car Insurance in Burnsville, Minnesota? (FAQ)
- What Auto Insurance is Cheapest in Minnetonka, Minnesota? (FAQ)
- Who Has Cheap Car Insurance Rates for Retired Military in Minnesota? (FAQ)
- What Car Insurance is Cheapest in Eagan, Minnesota? (FAQ)
- What is the Cheapest Car Insurance in Blaine, Minnesota? (FAQ)
- Who Has Cheap Auto Insurance for a Honda Civic in Minnesota? (FAQ)
- Who Has Cheap Car Insurance Quotes for State Employees in Minnesota? (FAQ)
- What is the Best Car Insurance in Saint Paul, MN? (FAQ)
- Car Insurance: When not to Skimp (BankRate.com)
- Winter Driving (Insurance Information Institute)
- Property Damage Coverage (Liberty Mutual)
- Safety Features for Your New Car (State Farm)