Auto Insurance Rates for a Ford Fusion in El Paso

If you want to save money, the best way to find affordable quotes for Ford Fusion insurance in El Paso is to regularly compare quotes from different companies who sell auto insurance in Texas. You can compare prices by following these steps.

Step 1: Get a basic knowledge of how companies set rates and the things you can change to prevent rate increases. Many risk factors that drive up the price such as multiple speeding tickets and poor credit history can be improved by making minor changes to your lifestyle. Read the full article for information to lower rates and find overlooked discounts.

Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from a single company like GEICO or Farmers Insurance, while independent agents can give you price quotes from many different companies.

Step 3: Compare the new rate quotes to your current policy to see if cheaper Fusion coverage is available. If you find a lower rate quote and decide to switch, ensure coverage does not lapse between policies.

Step 4: Tell your current company of your intent to cancel your current car insurance policy and submit any necessary down payment along with the completed application for your new coverage. Make sure you keep your new proof of insurance certificate in your vehicle's glove compartment or console.

A good piece of advice is to try to use similar coverage information on every quote and and to analyze as many car insurance companies as possible. Doing this ensures an apples-to-apples comparison and the most accurate and complete price analysis.

Statistics show that the vast majority of insurance customers kept their coverage with the same insurance company for more than four years, and about 40% of consumers have never compared insurance rates at all. With the average insurance premium being $2,680, Texas drivers can cut their rates by $1,766 a year just by getting comparison quotes, but most just don't grasp the amount of money they would save if they moved their coverage to a different company.

Most larger insurance companies allow you to get prices on the web. Getting Ford Fusion insurance prices online is fairly straightforward as you simply enter the coverages you want as detailed in the form. When complete, the system automatically retrieves your driving record and credit report and returns a price quote.

This makes it easy to compare insurance prices and it is imperative to get many rate quotes if you want to find the best rate.

To find out how much you can save on auto insurance, take a look at the companies shown below. If you currently have coverage, we recommend you copy your coverages as close as possible to your current policy. This makes sure you will have a price comparison for exact coverage.

The companies shown below can provide free quotes in El Paso, TX. If multiple companies are listed, we recommend you visit two to three different companies to get a more complete price comparison.

Why you need Ford vehicle insurance in Texas

Despite the fact that insurance is not cheap in El Paso, paying for insurance serves an important purpose.

First, just about all states have minimum mandated liability insurance limits which means you are required to buy a specific level of liability protection in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your Fusion, most banks will require you to have insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Ford at a significantly higher premium and force you to pay for the much more expensive policy.

Third, insurance safeguards both your car and your assets. It will also cover all forms of medical expenses that are the result of an accident. Liability insurance also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to have it repaired.

The benefits of carrying adequate insurance definitely exceed the cost, especially for larger claims. Today the average American driver is overpaying more than $855 a year so it's very important to do a rate comparison once a year at a minimum to be sure current rates are still competitive.

Rates and detailed analysis

The coverage table displayed next highlights estimates of insurance coverage prices for Ford Fusion models. Understanding how insurance policy rates are figured can help guide drivers when making decisions when shopping your coverage around.

Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate information does not factor in the specific area where the vehicle is garaged which can alter coverage prices noticeably.

Physical damage deductibles: Should you raise them?

The hardest decision when buying coverage is what deductibles to buy. The tables below approximate the rate fluctuation of buying low and high comp and collision deductibles. The first rate table uses a $250 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Prices do not factor in vehicle garaging location which can affect premium rates greatly.

We can derive from the above data that using a $250 deductible will cost you about $32 more each month or $384 each year averaged for all Fusion models than choosing the higher $1,000 deductible. Because you would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 23 months between claims, you would come out ahead going with the higher deductible.

The chart below highlights how deductible selection and can increase or decrease Ford Fusion insurance premiums for each age group. The data is based on a single female driver, comp and collision included, and no discounts are applied to the premium.

Insurance premiums for males and females

The diagram below visualizes the comparison of Ford Fusion car insurance rates for male and female drivers. The rates are based on no claims, a clean driving record, comp and collision included, $100 deductibles, drivers are single, and no discounts are applied.

Comparison of full coverage and liability-only policies

The example below shows the difference between Ford Fusion insurance rates with and without physical damage coverage. The prices are based on no claims or driving citations, $500 deductibles, marital status is single, and no discounts are applied to the premium.

When to switch to liability coverage only

There is no written rule of when to phase out full coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let's assume your Ford Fusion settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $5,000 after the deductible is paid. If you are paying in excess of $500 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some conditions where removing full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not buy liability only.

Affordable rates on Ford Fusion insurance in El Paso with these discounts

Not too many consumers would say insurance is affordable, but you may be missing some discounts that you may not know about. Most are applied when you purchase, but occasionally some discounts must be inquired about before you will receive the discount.

• Full Payment Discount - By making one initial payment as opposed to paying monthly you can actually save on your bill.
• Resident Student - Any of your kids who are enrolled in higher education away from home and leave their car at home may qualify for this discount.
• Waiver for an Accident - Not necessarily a discount, but some companies like Allstate and Progressive will allow you to have one accident before they charge you more for coverage if you have no claims for a certain period of time.
• Safety Course Discount - Taking part in a defensive driver class could cut 5% off your bill and also improve your driving technique.
• Life Insurance Discount - Select insurance companies reward you with a discounted insurance rate on car insurance if you buy life insurance.
• E-sign Discounts - Many companies will discount your bill up to fifty bucks for signing up on the internet.
• No Accidents - Insureds with no claims or accidents pay much less in comparison with bad drivers.
• Passenger Safety Discount - Vehicles equipped with air bags and/or automatic seat belt systems may qualify for discounts up to 30%.

Remember that many deductions do not apply to the entire policy premium. Some only reduce individual premiums such as liability, collision or medical payments. So even though it sounds like it's possible to get free car insurance, you won't be that lucky.

The example below shows the comparison of Ford Fusion car insurance costs with and without policy discounts. The rate quotes are based on a male driver, no claims or driving citations, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, claim-free, safe-driver, homeowner, and multi-car discounts applied.

Larger insurance companies and a selection of discounts can be read below.

• GEICO has savings for five-year accident-free, driver training, daytime running lights, federal employee, defensive driver, and air bags.
• Mercury Insurance may offer discounts for good driver, ease of repair, annual mileage, location of vehicle, and professional/association.
• Farmers Insurance offers discounts including good student, distant student, switch companies, early shopping, multi-car, and pay in full.
• Auto-Owners Insurance offers discounts for safe driver, mature driver, paid in full, multiple vehicles, anti-theft, paperless, and air bags.
• Liberty Mutual may include discounts for safety features, good student, teen driver discount, exclusive group savings, new graduate, preferred payment discount, and new move discount.
• SAFECO discounts include accident prevention training, teen safety rewards, teen safe driver, drive less, and homeowner.
• Progressive policyholders can earn discounts including continuous coverage, multi-vehicle, good student, online signing, and multi-policy.
• USAA has discounts for military installation, family discount, multi-vehicle, driver training, new vehicle, and loyalty savings.

Before you buy a policy, ask each company or agent which credits you are entitled to. A few discounts may not apply to policyholders everywhere. To choose insurance companies who offer discounts in Texas, click this link.