Best Insurance for a Ford Fusion in Indianapolis

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If saving the most money is your goal, then the best way to get budget auto insurance rates in Indianapolis is to do a yearly price comparison from companies that sell auto insurance in Indiana. Rate comparisons can be done by following these steps.

  • Step 1: Read about the coverage provided by your policy and the steps you can take to keep rates low. Many risk factors that increase rates like getting speeding tickets and an imperfect credit score can be eliminated by being financially responsible and driving safely.
  • Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and Allstate, while agents who are independent can provide prices from multiple sources.
  • Step 3: Compare the new quotes to your current policy to see if a cheaper price is available in Indianapolis. If you find a lower rate and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
  • Step 4: Tell your current agent or company of your intent to cancel your current coverage and submit the completed application along with a down payment to your new carrier. As soon as you have the new policy, place your new proof of insurance paperwork in an accessible location in your vehicle.

One important bit of advice is that you'll want to make sure you compare the same liability limits and deductibles on each price quote and and to get price estimates from all possible companies. Doing this helps ensure an apples-to-apples comparison and a good representation of prices.

Insurance rates Ford Fusion in IndianapolisIt's a known fact that car insurance companies want to keep you from comparing prices. People who shop around annually will probably move their business because they have good chances of finding coverage at a more affordable price. A survey found that people who shopped around annually saved approximately $72 a month compared to those who never compared rates.

If finding the cheapest price for Ford Fusion insurance in Indianapolis is your ultimate target, understanding how to compare insurance rates can make it easier to shop your coverage around.

Choosing the best rates in Indianapolis seems hard but is not really that difficult. If you are paying for car insurance now, you will definitely be able to find the best rates using this strategy. Although Indiana drivers must learn how insurance companies compete online because rates fluctuate considerably.

Analysis of Ford Fusion rates

The rate information displayed below outlines estimates of coverage costs for Ford Fusion models. Having a good grasp of how rate quotes are formulated is important to be able to make informed purchases.

Ford Fusion Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion S 4-Dr Sedan $152 $230 $368 $22 $110 $882 $74
Fusion SE 4-Dr Sedan $172 $270 $368 $22 $110 $942 $79
Fusion Hybrid 4-Dr Sedan $172 $312 $460 $28 $138 $1,110 $93
Fusion SEL 4-Dr Sedan $172 $270 $368 $22 $110 $942 $79
Fusion Sport 4-Dr Sedan $172 $270 $368 $22 $110 $942 $79
Fusion SEL AWD 4-Dr Sedan $192 $312 $368 $22 $110 $1,004 $84
Fusion Sport AWD 4-Dr Sedan $192 $312 $368 $22 $110 $1,004 $84
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Price estimates do not factor in your specific Indianapolis location which can affect auto insurance rates substantially.

Deductible comparison

When buying auto insurance, a common question is where should you set your physical damage deductibles. The data tables below highlight the price difference when you choose different physical damage deductibles. The first table uses a $250 deductible and the second price grid uses a $500 deductible.

Ford Fusion insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion S 4-Dr Sedan $216 $366 $280 $16 $84 $987 $82
Fusion SE 4-Dr Sedan $244 $430 $280 $16 $84 $1,079 $90
Fusion Hybrid 4-Dr Sedan $244 $496 $350 $20 $106 $1,241 $103
Fusion SEL 4-Dr Sedan $244 $430 $280 $16 $84 $1,079 $90
Fusion Sport 4-Dr Sedan $244 $430 $280 $16 $84 $1,079 $90
Fusion SEL AWD 4-Dr Sedan $272 $496 $280 $16 $84 $1,173 $98
Fusion Sport AWD 4-Dr Sedan $272 $496 $280 $16 $84 $1,173 $98
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Ford Fusion insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion S 4-Dr Sedan $176 $294 $280 $16 $84 $850 $71
Fusion SE 4-Dr Sedan $200 $348 $280 $16 $84 $928 $77
Fusion Hybrid 4-Dr Sedan $200 $400 $350 $20 $106 $1,076 $90
Fusion SEL 4-Dr Sedan $200 $348 $280 $16 $84 $928 $77
Fusion Sport 4-Dr Sedan $200 $348 $280 $16 $84 $928 $77
Fusion SEL AWD 4-Dr Sedan $222 $400 $280 $16 $84 $1,002 $84
Fusion Sport AWD 4-Dr Sedan $222 $400 $280 $16 $84 $1,002 $84
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in garaging location in Indianapolis which can raise or lower rates considerably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs approximately $13 more each month or $156 every year than opting for the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 19 months between claims, you would probably come out ahead if you elect the higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $93
Average monthly premium for $500 deductibles (subtract): - $80
Monthly savings from raising deductible: $13
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

An important thing to remember is that increasing deductibles to lower your rates results in a higher out-of-pocket expense when you have to file a claim. You must have some funds available in the event you need to pay more to get your vehicle repaired.

Tickets and at-fault accidents raise rates

The diagram below shows how violations and accident claims impact Ford Fusion car insurance rates for different age groups of insureds. The information is based on a married male driver, comp and collision included, $100 deductibles, and no discounts are applied.

Lower Your Indianapolis Insurance Costs

Many different elements are part of the equation when you get your auto insurance bill. Some of the criteria are obvious like your driving record, although some other factors are more obscure like your continuous coverage or your financial responsibility. Consumers need to have an understanding of the rating factors that aid in calculating your policy premiums. If you understand what influences your rates, this enables you to make decisions that could help you find lower insurance prices.

Shown below are a partial list of the pieces used by insurance companies to determine premiums.

  • Cars with good safety ratings lower prices - Cars with high safety ratings cost less to insure. The safest vehicles reduce injuries and reduced instances of injuries means less money paid by your insurance company and lower rates for you.
  • Use but don't abuse your insurance - Companies in Indiana give better rates to policyholders that do not abuse their auto insurance. If you tend to file frequent claims, you can pretty much guarantee either higher rates or even cancellation. Auto insurance is intended for the large, substantial claims.
  • Marriage discount - Having a significant other may cut your premiums on your policy. It usually means you are more financially stable and statistics show married drivers tend to file fewer claims.
  • Liability protection is critical - Your policy's liability coverage will protect you in the event that you are found to be at fault for damages caused by your negligence. This coverage provides you with a defense in court which can be incredibly expensive. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so do not cut corners here.
  • Drive less and get lower prices - The more you drive your Ford each year the more you will pay for insurance. Most insurance companies calculate prices partially by how you use the vehicle. Cars that sit idle most of the time get more affordable rates than cars that get driven a lot. Ask your agent if your vehicle rating shows how each vehicle is driven. An improperly rated Fusion may be costing you higher rates.
  • Youthful drivers cost more - Older insureds have been proven to be more responsible, tend to cause fewer accidents, and are safer drivers. Youthful drivers are statistically shown to be careless and easily distracted when driving with friends so they pay higher insurance rates.

    The following data uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

  • Remove unneeded incidental coverages - There are quite a few extra add-on coverages that you can get tricked into buying if you aren't careful. Things like personal injury protection, death and dismemberment, and additional equipment coverage are examples of these. They may seem good at first, but if you don't need them remove them and pocket the money.
  • Insure your auto and home with one company - Some insurers will give better rates to customers who have multiple policies with them in the form of a multi-policy discount. If you currently are using one company, drivers will still want to check prices from other companies to help guarantee you have the best rates.
  • Insurance loss data for Ford Fusion vehicles - Insurance companies use claims history to determine a rate that will be profitable for them. Vehicles that historically have higher loss trends will have higher rates for specific coverages. The table below illustrates the loss history for Ford Fusion vehicles.

    For each coverage category, the statistical loss for all vehicles as a whole is represented as 100. Values that are under 100 represent a good loss history, while numbers above 100 point to more frequent losses or a tendency for claims to be larger.

    Ford Fusion Insurance Loss Statistics
    Vehicle 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
    BETTER
    AVERAGE
    WORSE

    Statistics from IIHS.org for 2013-2015 Model Years

More effort can pay off

When buying insurance coverage, do not sacrifice coverage to reduce premiums. In many cases, an insured dropped liability limits or collision coverage only to find out that the small savings ended up costing them much more. Your aim should be to buy a smart amount of coverage for the lowest cost while not skimping on critical coverages.

We've covered a lot of ways to compare Ford Fusion insurance car insurance rates in Indianapolis. The most important thing to understand is the more times you quote, the better your chances of lowering your premium rates. You may even discover the lowest car insurance rates are with an unexpected company. Regional companies may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.

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