Are you drained from robbing Peter to pay Paul to pay high car insurance rates every month? You have the same problem as many other vehicle owners in California.
Shockingly, the vast majority of consumers renewed their policy with the same company for at least four years, and almost half have never quoted car insurance rates at all. Consumers in Santa Ana can save hundreds of dollars each year just by shopping around, but they don't want to take the time to shop around.
Numerous insurance companies battle for your business, so it's not easy to compare every provider and get the definite lowest price on Ford Fusion insurance in Santa Ana.
Lower the Price of Car Insurance with These Tips
Lots of factors are taken into consideration when you get a price on insurance. Some are obvious such as traffic violations, but others are not as apparent like your vehicle usage and annual miles driven. The best way to find cheaper car insurance is to take a look at a few of the rating criteria that go into determining your premiums. If you have some idea of what positively or negatively impacts your premiums, this enables informed choices that could result in big savings.
Teen driver insurance prices - Older, more experienced drivers tend to be more responsible, statistically cause fewer accidents, and tend to be get fewer driving tickets. Teenage drivers have been known to be less responsible when driving so they pay higher car insurance rates.
The next chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.
Insurance rates for married couples - Walking down the aisle can get you a discount compared to being single. Having a significant other generally demonstrates drivers are more mature and insurance companies like that being married results in fewer claims.
More stress means more cost - Did you know your car insurance rates can be affected by your occupation? Occupations like judges, architects, and emergency personnel generally have the highest rates because of high stress and long work hours. Other careers such as professors, historians and homemakers pay the least.
Theft deterrents systems cut car insurance rates - Selecting a car model that has an advanced theft prevention system can save you some money. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help prevent auto theft and help lower rates.
Less chance of injury means lower car insurance rates - Safe vehicles tend to have better insurance rates. Vehicles built for safety reduce injuries and reduced instances of injuries translates into fewer and smaller insurance claims and cheaper rates on your policy. If the Ford Fusion scored better than four stars on Safercar.gov or an "acceptable" rating on iihs.org you may be receiving a better rate.
Cheaper rates with high deductibles - Physical damage deductibles represent how much money you are willing to pay if the claim is covered. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some coverage claims could be collision with another vehicle, animal collisions, and damage caused by road hazards. The more the insured is willing to pay, the bigger discount you will receive.
Ford Fusion claim statistics - Companies use data from past claims to help set a rate to offset losses. Models that the data shows to have higher number or severity of losses will have increased rates. The table below demonstrates the historical loss data for Ford Fusion vehicles.
For each policy coverage, the claim amount for all vehicles, regardless of manufacturer or model, is equal to 100. Values that are below 100 suggest a positive loss record, while values that are 100 or greater show a trend for more claims or an increased probability of a larger loss.
|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
Ford Fusion insurance rate analysis
The rate information shown below showcases detailed analysis of insurance rates for Ford Fusion models. Having a good grasp of how rates are established is important for drivers to make decisions on which insurance to purchase.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Fusion S 4-Dr Sedan||$238||$454||$500||$30||$150||$1,372||$114|
|Fusion SE 4-Dr Sedan||$270||$536||$500||$30||$150||$1,486||$124|
|Fusion Hybrid 4-Dr Sedan||$270||$616||$624||$36||$186||$1,732||$144|
|Fusion SEL 4-Dr Sedan||$270||$536||$500||$30||$150||$1,486||$124|
|Fusion Sport 4-Dr Sedan||$270||$536||$500||$30||$150||$1,486||$124|
|Fusion SEL AWD 4-Dr Sedan||$300||$616||$500||$30||$150||$1,596||$133|
|Fusion Sport AWD 4-Dr Sedan||$300||$616||$500||$30||$150||$1,596||$133|
|Get Your Own Custom Quote Go|
Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Information does not factor in vehicle location which can modify price quotes substantially.
The diagram below demonstrates how deductibles and can raise or lower Ford Fusion premium costs for different age groups of insureds. The price estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Cautious drivers save money
The chart below highlights how traffic violations and fender-benders drive up Ford Fusion car insurance costs for each age group. The data assumes a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
Full coverage rates compared to liability-only
The illustration below compares Ford Fusion premium costs with full coverage and liability only. Data assumes no claims or driving violations, $250 deductibles, drivers are not married, and no additional discounts are factored in.
When to drop comprehensive and collision coverage
There is no set rule to drop full coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
For example, let's pretend your Ford Fusion book value is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after paying the physical damage deductible. If it's costing you more than $800 annually for full coverage, then you may want to consider only buying liability coverage.
There are some circumstances where dropping physical damage coverage is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should not drop full coverage.
Save money with discounts
Auto insurance companies do not advertise every available discount in a way that's easy to find, so the list below gives a summary of some of the more common as well as the least known credits available to lower your premiums when you buy Santa Ana car insurance online. If they aren't giving you every credit you qualify for, you're just leaving money on the table.
- New Car Discount - Adding a new car to your policy can save up to 30% since newer models have better safety ratings.
- Sign Online - Many insurance companies give back up to $50 for signing up over the internet.
- Drive Less and Save - Driving less could be rewarded with lower premium rates on the low mileage vehicles.
- Government Employee Discount - Active or former government employment can earn a discount up to 10% but check with your company.
- Early Signing - Select companies give a discount for signing up prior to your current Fusion insurance policy expiring. You could save around 10% when you buy Santa Ana car insurance online.
- Pay Now and Pay Less - If you pay your bill all at once rather than spreading payments over time you can avoid the installment charge.
You can save money using discounts, but most discount credits are not given to your bottom line cost. The majority will only reduce individual premiums such as liability and collision coverage. So even though you would think all the discounts add up to a free policy, companies don't profit that way. Any amount of discount will cut the premium cost.
The chart below shows the comparison of Ford Fusion insurance premiums with and without discounts applied to the premium. The costs are based on a male driver, no claims or driving violations, California state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, homeowner, multi-policy, safe-driver, and multi-car discounts applied.
Some of the larger companies who may offer some of the discounts shown above include:
When quoting, ask each company or agent the best way to save money. Savings may not apply to policies everywhere. If you would like to view insurers who offer online Ford Fusion insurance quotes in Santa Ana, follow this link.
Get the best coverage at the lowest price
Low-cost Ford Fusion insurance in Santa Ana can be bought on the web in addition to many Santa Ana insurance agents, so you should compare both so you have a total pricing picture. Some insurance providers don't offer online rate quotes and these regional insurance providers prefer to sell through independent agencies.
We just covered a lot of information how to get a better price on Ford Fusion insurance in Santa Ana. It's most important to understand that the more companies you get car insurance rates for, the better chance you'll have of finding low cost Santa Ana car insurance quotes. Consumers could even find that the lowest priced auto insurance comes from a small local company. Some small companies may cover specific market segments cheaper as compared to the big name companies such as State Farm, GEICO and Nationwide.
Steps to saving on Ford Fusion insurance in Santa Ana
If your goal is the lowest price, then the best way to get budget Ford Fusion insurance is to start comparing prices regularly from insurers in Santa Ana. Price quotes can be compared by completing these steps.
- First, try to comprehend the different coverages in a policy and the steps you can take to lower rates. Many risk factors that increase rates such as multiple speeding tickets and a not-so-good credit score can be eliminated by making minor driving habit or lifestyle changes.
- Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from a single company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple companies.
- Third, compare the price quotes to your current policy to see if a cheaper price is available in Santa Ana. If you find better rates and decide to switch, make sure coverage does not lapse between policies.
- Fourth, provide notification to your current company of your intention to cancel your current auto insurance policy. Submit the required down payment along with the signed application to your new carrier. Immediately upon receiving it, store the certificate of insurance in your vehicle.
A key point to remember is to make sure you're comparing the same amount of coverage on every quote request and to quote with every insurance company. Doing this helps ensure a level playing field and the best rate selection.
To learn more, feel free to browse these articles:
- All About Airbag Safety (State Farm)
- Who Has Cheap Santa Ana Auto Insurance Quotes for Drivers with Accidents? (FAQ)
- Who Has Affordable Santa Ana Auto Insurance Quotes for Drivers with Bad Credit? (FAQ)
- How Much are Santa Ana Auto Insurance Rates for Welfare Recipients? (FAQ)
- Rollover Crash FAQ (iihs.org)
- Where can I buy Insurance? (Insurance Information Institute)
- Teen Driving Statistics (GEICO)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)