Cheapest Quotes for Ford Fusion Hybrid Insurance in Portland

Insurance for Ford Fusion HybridIf saving the most money is your goal, then the best way to get low-cost Ford Fusion Hybrid insurance in Portland is to regularly compare quotes from insurance carriers in Oregon. You can compare rates by completing these steps.

  1. Spend some time learning about what coverages are included in your policy and the measures you can control to prevent rate increases. Many rating criteria that cause rate increases such as accidents, careless driving, and a less-than-favorable credit history can be eliminated by paying attention to minor details.
  2. Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agents can provide prices for many different companies.
  3. Compare the new rates to your existing policy and determine if there is any savings. If you find a lower rate and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.

One bit of advice is to use the same amount of coverage on every quote and and to get prices from as many companies as you can. This enables an apples-to-apples comparison and many rates to choose from.

It’s a known fact that insurance companies don’t want their policyholders to compare prices. People who shop around for cheaper rates are highly likely to buy a new policy because there is a great chance of finding a more affordable policy premium. Surprisingly, a recent survey revealed that consumers who regularly compared price quotes saved over $850 each year compared to other drivers who never shopped around for lower prices.

If finding discount rates on Ford Fusion Hybrid insurance in Portland is your objective, then understanding the best way to compare insurance rates can help simplify the process.

Ford Fusion Hybrid insurance rates and statistics

The price information displayed next covers estimates of insurance costs for Ford Fusion Hybrid models. Having a good grasp of how insurance prices are determined can help you make smart choices when choosing a car insurance company.

Ford Fusion Hybrid Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion Hybrid 4-Dr Sedan $148 $348 $452 $26 $136 $1,110 $93
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Prices do not factor in zip code location which can change premium rates considerably.

Higher deductibles save money

One of the more difficult decisions when buying car insurance is the level to set your comp and collision deductibles. The premium rates below determine the differences in price when you buy lower versus higher coverage deductibles. The first set of rates uses a $100 deductible for physical damage and the second pricing table uses a $500 deductible.

Ford Fusion Hybrid insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion Hybrid 4-Dr Sedan $310 $674 $400 $24 $120 $1,553 $129
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Ford Fusion Hybrid insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion Hybrid 4-Dr Sedan $226 $456 $400 $24 $120 $1,226 $102
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Price information does not factor in Portland location which can affect price quotes noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you about $27 more each month or $324 for a full year than requesting the higher $500 deductible. Because you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you have more than 15 months between claim filings, you would probably come out ahead by going with a higher deductible.

How violations and accidents impact rates

The illustration below demonstrates how citations and accident claims raise Ford Fusion Hybrid insurance costs for each age group. The price estimates are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.

Comparison of car insurance rates by gender and age

The illustration below illustrates the comparison of Ford Fusion Hybrid auto insurance rates for male and female drivers. The data assumes a clean driving record, no claims, comp and collision included, $1,000 deductibles, single marital status, and no discounts are factored in.

Cost comparison with and without full coverage

The illustration below shows the difference between Ford Fusion Hybrid auto insurance rates with and without full coverage. The rate quotes are based on no accidents or driving violations, $1,000 deductibles, drivers are not married, and no discounts are applied.

Deciding between full coverage and liability only

There is no written rule of when to eliminate full coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s pretend your Ford Fusion Hybrid replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $2,000 after paying your deductible. If you are currently paying more than $200 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are a few situations where eliminating full coverage is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Insurance Cost Influencing Factors

Smart consumers have a good feel for some of the things that are used to determine the rates you pay for auto insurance. If you have a feel for what controls the rates you pay, this empowers consumers to make smart changes that may reward you with lower rates.

Policy add-ons may not be needed – There are many optional add-on coverages that you can get tricked into buying but may not be useful. Add-on coverages like rental car coverage, death and dismemberment, and extra equipment coverage may be wasting your money. They may seem good at first, but if you don’t need them eliminate the coverages to reduce your premium.

Liability protection limits are a factor – The liability coverage on your policy will protect you if ever you are determined to be liable for personal injury or accident damage. Your liability coverage provides legal defense coverage which can be incredibly expensive. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so do not skimp.

What’s your car’s NHTSA crash test rating? – Vehicles that have high safety ratings tend to be cheaper to insure. These vehicles protect occupants better and reduced instances of injuries translates into fewer and smaller insurance claims which can mean better rates for you. If your Ford Fusion Hybrid earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.

Type of car, truck or SUV determines base rates – The performance level of the car or truck you are insuring makes a huge difference in your premium level. The most favorable rates are usually for small economy passenger vehicles, but that’s not the only thing that factors into the final price.

The next chart uses these variables: married female driver age 20, full coverage with $250 deductibles, and no discounts or violations. It shows Ford Fusion Hybrid insurance rates compared to other models that have a range of performance risks.

Discounts for married drivers – Being married may save some money on auto insurance. It translates into being more mature and responsible and it’s statistically proven that drivers who are married are more cautious.

Ford Fusion Hybrid claim statistics – Insurance companies use statistical claims data to help determine costs. Vehicles that the data determines to have higher frequency or amount of claims will have a higher premium rate. The table below demonstrates the insurance loss data for Ford Fusion Hybrid vehicles.

For each coverage category, the claim amount for all vehicles combined as an average is represented as 100. Percentages below 100 indicate a favorable loss history, while values over 100 indicate frequent claims or statistically larger losses.

Ford Fusion Hybrid Insurance Loss Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Ford Fusion Hybrid 125 97 98 92 93 95

Statistics from for 2013-2015 Model Years

One last note

People switch companies for any number of reasons including policy cancellation, an unsatisfactory settlement offer, policy non-renewal or questionable increases in premium. No matter why you want to switch, finding a great new company is pretty simple and you could end up saving a buck or two.

Lower-priced Ford Fusion Hybrid insurance in Portland is definitely available online as well as from independent agents in Portland, so you should compare both to have the best rate selection. Some auto insurance companies may not provide online rate quotes and most of the time these smaller companies only sell through independent insurance agencies.

You just learned some good ideas how you can lower your Ford Fusion Hybrid insurance premium rates in Portland. The key concept to understand is the more quotes you get, the higher your chance of finding inexpensive Portland auto insurance quotes. Drivers may even discover the best premium rates are with a small mutual company.

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