Buying cheaper coverage for a Ford Fusion hinges on an enormous amount of rating factors such as how far you drive to work, whether or not you have filed claims in the past, and whether or not you are a good driver. Drivers in New Mexico will pay around $1,098 per year for Fusion insurance, but that price is a projection calculated using a 40-year-old single male driver with full coverage and $500 deductibles.
But there is a good chance that you are not 40 years old and maybe not even male, maybe you are married instead of single, or you just prefer to insure for liability only. Having just a slight change in rating criteria can result in a large change in the cost of a policy.
Everyone has unique insurance needs, and this illustrates why the best way to find cheap insurance rates for your Ford is to put in the effort to do a thorough rate comparison.
Vehicle trim level tends to have a direct impact on the cost of coverage, so the rate you pay to insure a Fusion S 4-Dr Sedan will cost $190 less than the cost to insure the more costly Fusion Sport AWD 4-Dr Sedan trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Fusion S 4-Dr Sedan||$198||$390||$390||$24||$116||$1,118||$93|
|Fusion SE 4-Dr Sedan||$224||$458||$390||$24||$116||$1,212||$101|
|Fusion Hybrid 4-Dr Sedan||$224||$528||$488||$28||$146||$1,414||$118|
|Fusion SEL 4-Dr Sedan||$224||$458||$390||$24||$116||$1,212||$101|
|Fusion Sport 4-Dr Sedan||$224||$458||$390||$24||$116||$1,212||$101|
|Fusion SEL AWD 4-Dr Sedan||$250||$528||$390||$24||$116||$1,308||$109|
|Fusion Sport AWD 4-Dr Sedan||$250||$528||$390||$24||$116||$1,308||$109|
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Estimates do not factor in vehicle location which can lower or raise prices greatly.
Ending up with the right insurance company can be difficult considering how many different companies insure vehicles in New Mexico. The information in the lists below may help you select which car insurance companies to look at comparing rates from. These rankings include insurance companies that insure vehicles in the majority of U.S. states, so smaller companies are not factored into the list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Types of discounts on Albuquerque auto insurance
Insurers that offer quotes for a Ford Fusion may also offer premium discounts that may potentially lower prices by as much as 30% if you are eligible to receive them. A few of the larger companies and their possible discounts are included below.
- Farmers Insurance includes discounts for youthful driver, mature driver, electronic funds transfer, business and professional, and multi-car.
- Esurance may include discounts for anti-lock brakes, good driver, Switch & Save, DriveSense, multi-policy, online quote, and paid-in-full.
- State Farm offers discounts including good student, good driver, Drive Safe & Save, Steer Clear safe driver discount, and passive restraint.
- GEICO offers premium reductions for air bags, multi-policy, five-year accident-free, federal employee, military active duty, and seat belt use.
- Allstate discounts include premier plus, anti-theft, EZ pay plan discount, safe driver, FullPay discount, and 55 and retired.
The information below compares premium costs with and without discounts applied. The premium estimates are based on a male driver, a clean driving record, no claims, New Mexico state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with safe-driver, accident-free, passive restraint, marriage, anti-theft, and homeowner discounts applied. When taking advantage of discounts, the average amount saved each year on auto insurance for a Ford Fusion is 28% or $637.
Why you should be shopping around
Albuquerque, NM auto insurance rates are calculated based on many things that control the cost of having a policy. Simply getting older, buying a new vehicle, or having an accident can trigger changes in premium that can cause some rates to be cheaper in comparison to the competition. Also, companies change rates every year or even multiple times each year in order to be able to pay unexpected claims. Larger than normal claims can cause higher priced premiums, while a better claims history may cause lower-priced Fusion insurance rates.
As an example, the chart below shows rates for the cheapest car insurance in Albuquerque, NM for a 40-year-old male driver with a clean driving record, no accidents, and great credit. Based on his current rating profile, USAA may have the lowest car insurance rates in Albuquerque at $921 annually. This is $647 less than the average rate paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers round out the rest of the top five cheapest Albuquerque, NM auto insurance companies.
In the next rate comparison, we’ll give the driver from the first set of rates a claim or two, poor credit, and an imperfect driving record. Due to the fact that every auto insurer uses their own calculation to determining premium rates, comparing rates may now show a slightly different list of affordable companies as shown below.
USAA now has the cheapest insurance rate in Albuquerque, NM with Allied, The Hartford, Safeco, and Central Mutual completing the list. This example demonstrates why consumers need to take the time to compare many different companies to find the best insurance rates for a Ford Fusion. Insurance prices are influenced by many things and can change substantially, so the cheapest option the last time you checked may now be wasting a lot of money.