Finding better insurance prices for a Ford Fusion in Tennessee could be a lot of work, but you can learn these tips to save time.
There are both good and bad ways to shop for auto insurance and we'll show you the absolute fastest way to get price quotes for a Ford and get the best price possible either online or from Memphis insurance agents.
If you have coverage now or need new coverage, use these cost-cutting techniques to lower your rates and possibly find even better coverage. Finding quotes for the best insurance policy in Memphis is not as difficult as people think. Comparison shoppers just need to learn the proper way to buy insurance from many companies at once.
Best companies for competitive Ford Fusion insurance in Tennessee
The companies shown below offer free rate quotes in Tennessee. If several companies are displayed, we recommend you visit as many as you can to find the lowest auto insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Fusion S 4-Dr Sedan||$214||$462||$326||$20||$98||$1,120||$93|
|Fusion SE 4-Dr Sedan||$216||$434||$304||$18||$90||$1,062||$89|
|Fusion Hybrid 4-Dr Sedan||$176||$404||$380||$22||$114||$1,096||$91|
|Fusion SEL 4-Dr Sedan||$216||$434||$326||$20||$98||$1,094||$91|
|Fusion Sport 4-Dr Sedan||$272||$518||$294||$18||$88||$1,190||$99|
|Fusion SEL AWD 4-Dr Sedan||$176||$342||$272||$16||$82||$888||$74|
|Fusion Sport AWD 4-Dr Sedan||$268||$596||$326||$20||$98||$1,308||$109|
|Get Your Own Custom Quote Go|
Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Rate information does not factor in specific location which can change premiums significantly.
Do you need full coverage?
The example below examines Ford Fusion insurance costs when comparing full coverage to state minimum liability only. The premiums assume a clean driving record, no at-fault accidents, $500 deductibles, single male driver, and no additional discounts are factored in.
When to drop comprehensive and collision coverage
There is no clear-cut rule to drop comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.
For example, let's pretend your Ford Fusion replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $4,000 after paying your deductible. If you are paying over $400 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where dropping full coverage is not recommended. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not drop full coverage.
Safe drivers pay less for auto insurance
The information below demonstrates how citations and at-fault collisions impact Ford Fusion car insurance rates for each age group. The premiums assume a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.
What Affects Ford Fusion Insurance Prices?
Lots of things are used in the calculation when quoting car insurance. Some of the criteria are obvious such as traffic violations, but other factors are more obscure such as your credit history or your commute time.
Do you know you're credit rating? - Credit history can be a huge factor in determining what you pay for auto insurance. Consumers who have excellent credit tend to file fewer claims as compared to drivers with lower credit ratings. Therefore, if your credit rating could use some work, you could be paying less to insure your Ford Fusion by improving your credit score.
Your career may increase rates - Jobs such as military generals, executives and miners have higher premium rates in part from intense work requirements and long work days. Conversely, occupations like professors, students and homemakers pay lower than average rates.
Drive fewer miles and save - The more you drive your Ford annually the higher your rate. The majority of insurers calculate prices determined by how the vehicle is used. Autos left parked in the garage can get a lower rate than those used for commuting. Make sure your policy is rated on annual mileage. Incorrect rating for your Fusion is throwing money out the window.
Cautious drivers pay the best prices - Drivers with clean records pay lower auto insurance prices compared to bad drivers. Even one ticket can bump up the cost by as much as twenty percent. Drivers who have received serious tickets such as DUI or reckless driving may need to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.
Remove unneeded extra policy coverages - There are many optional add-on coverages you can purchase on your auto insurance policy. Things like roadside assistance, high-cost glass coverage, and additional equipment coverage may not be needed and are just wasting money. These may sound like a good investment when discussing your needs, but if you've never needed them in the past remove them and pocket the money.
Insurance companies don't like frequent policy claims - If you file claims often, you should expect either policy cancellation or increased premiums. Companies in Tennessee provide lower rates to people who are not frequent claim filers. Your insurance policy is designed for claims that pose a financial burden.
Premiums also based on gender - Over the last 50 years, statistics have shown females are less aggressive when driving. The data does not necessarily mean that men are worse drivers. Both sexes cause accidents at a similar rate, but the male of the species have accidents that have higher claims. Not only are claims higher, but men get ticketed for serious violations like DUI and reckless driving.
Multiple policies with one company can save - The majority of auto insurance companies afford discounts to people that have more than one policy. It's known as a multi-policy discount. Even though this discount sounds good, it's still a good idea to compare Ford Fusion rates in Memphis to confirm you are receiving the best rates possible.There is a chance you can find lower rates by buying from different companies
Ford Fusion insurance loss data - Insurance companies take into consideration historical loss data for every vehicle as a tool for profitable underwriting. Models that the data shows to have higher claim amounts or frequency will be charged more to insure.
The table below shows the insurance loss data for Ford Fusion vehicles. For each coverage type, the statistical loss for all vehicles compiled together is considered to be 100. Numbers that are below 100 mean the vehicle has better than average losses, while values that are 100 or greater point to more frequent losses or a tendency for claims to be larger.
Insurance Loss Ratings for Ford Fusion Vehicles
|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: Insurance Institute for Highway Safety for 2013-2015 Model Years
Lower-cost Ford Fusion insurance rates in Memphis
Companies offering auto insurance don't always advertise all possible discounts in an easy-to-find place, so the list below details both well-publicized and the more hidden discounts that may be available.
- Low Mileage Discounts - Low mileage vehicles may allow you to get lower premium rates on the low mileage vehicles.
- New Vehicle Savings - Insuring a new Fusion can cost up to 25% less because new vehicles are generally safer.
- Defensive Driver Discount - Taking a course that instructs on driving safety could possibly earn you a 5% discount and also improve your driving technique.
- Driving Data Discount - Insureds that choose to allow driving data submission to analyze driving habits by using a telematic data system such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates as long as they are good drivers.
- Own a Home - Just owning your own home may trigger a policy discount on car insurance because maintaining a house shows financial diligence.
- Discount for Good Grades - Being a good student can be rewarded with saving of up to 25%. Most companies allow this discount until age 25.
Don't be surprised that most discounts do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So even though you would think all those discounts means the company will pay you, you're out of luck.
To find companies offering car insurance discounts in Tennessee, click this link.
Exclusive or independent insurance agents
Many people prefer to have an agent's advice and doing so can bring peace of mind Insurance agents are highly skilled in risk management and help submit paperwork. The best thing about getting online price quotes is the fact that drivers can get cheap rate quotes and still have a local agent. Supporting local insurance agents is definitely important in Memphis.
After completing this form (opens in new window), your insurance coverage information is instantly submitted to agents in your area that can provide free Memphis auto insurance quotes for your auto insurance coverage. You won't even need to search for any insurance agencies since price quotes are sent to the email address you provide. In the event you want to get a comparison quote from a particular provider, you can always search and find their rate quote page and submit a quote form there.
If you would like to find an insurance agent, it's important to understand the types of agencies that you can select. Memphis agents are either exclusive agents or independent agents. Both write policy coverage, but we need to point out the difference in the companies they write for because it may have an impact on buying decisions.
Independent Auto Insurance Agencies or Brokers
Independent insurance agents are not required to write business for one company so as a result can place your coverage with multiple insurance companies depending on which coverage is best. If your agent finds better pricing, the agent simply finds a different carrier and you can keep the same agent.
If you are comparing auto insurance prices, you need to include independent agents to get the best comparison. A lot of them also have access to companies that do not advertise much that may have much lower rates than larger companies.
Shown below are Memphis independent insurance agents that may be able to give you price quotes.
- Oseman Insurance Agency
6750 Poplar Ave #410 - Memphis, TN 38138 - (901) 562-0151 - View Map
- Boyle Insurance Agency, Inc.
5900 Poplar Ave - Memphis, TN 38119 - (901) 766-0200 - View Map
- Collier Insurance
606 S Mendenhall Rd #200 - Memphis, TN 38117 - (901) 529-2900 - View Map
Exclusive Insurance Agencies
Exclusive agents write business for a single company and examples are Allstate and State Farm. Exclusive agents cannot shop your coverage around so they really need to provide good service. Exclusive agencies receive extensive training in insurance sales and that allows them to sell at a higher price point. Many people buy from exclusive agents partially due to high brand loyalty rather than low rates.
The following is a short list of exclusive agencies in Memphis that are able to give price quotes.
- Ron Willis - State Farm Insurance Agent
3486 Poplar Ave #102 - Memphis, TN 38111 - (901) 454-7912 - View Map
- Allstate Insurance: Don Rogers
5812 Winchester Rd - Memphis, TN 38115 - (901) 794-3771 - View Map
- Farmers Insurance - April Gainer
4466 Elvis Presley Blvd #247 - Memphis, TN 38116 - (901) 398-7200 - View Map
Deciding on a insurance agent should depend on more than just the price. These questions are important to ask:
- Is there a Errors and Omissions policy in force?
- Can you contact them at any time?
- What are the financial ratings for the companies they represent?
- If your car is totalled, how to they determine the replacement cost?
- What company holds the largest book of business for them?
- How experienced are they in personal risk management?
Tricks in auto insurance advertising
Tennessee consumers can't avoid all the ads for auto insurance savings from companies such as Progressive, GEICO, Allstate and State Farm. All the companies tend to make the same promise of big savings after switching your coverage to them.
But how can every company claim to save you money? It's all in how they say it.
Insurance providers quote their cheapest rates for a prospective insured that earns them the highest profit. For instance, a driver they prefer may be over the age of 40, is a homeowner, and has a short commute. A customer that matches those criteria will qualify for the lowest premium rates in Memphis and will also pay quite a bit less when switching companies.
Potential customers who do not meet these stringent criteria will be charged higher rates and the customer buying from a different company. If you listen closely, the ads state "people that switch" not "everyone who quotes" save that kind of money. That is how companies can lure you into getting a quote.
This really emphasizes why you really need to compare quotes as often as possible. Because without a comparison, you cannot know which insurance companies will have the best rates at this point in time.
Quote often and quote early
We just presented many ways to lower your Ford Fusion insurance rates in Memphis. It's most important to understand that the more price quotes you have, the better likelihood of getting affordable Memphis auto insurance quotes. Consumers could even find that the biggest savings come from an unexpected company.
When searching for affordable Ford Fusion insurance quotes, don't be tempted to buy less coverage just to save a little money. In many instances, an insured cut uninsured motorist or liability limits only to find out that the few dollars in savings costed them thousands. Your goal should be to buy enough coverage at the best possible price and still be able to protect your assets.
Lower-priced insurance in Memphis can be purchased from both online companies and from local insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance companies do not offer online quoting and most of the time these regional carriers only sell through local independent agencies.
Additional detailed information is available in the articles below:
- How to Avoid Common Accidents (State Farm)
- What is the Best Car Insurance in Morristown, TN? (FAQ)
- Who Has Affordable Tennessee Auto Insurance Quotes for Drivers with Bad Credit? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Nissan Sentra in Tennessee? (FAQ)
- How Much are Car Insurance Quotes for 17 Year Olds in Tennessee? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Postal Workers in Tennessee? (FAQ)
- Distracted Driving (Insurance Information Institute)
- Choosing a Car for Your Teen (State Farm)
- Collision Insurance Coverage (Nationwide)