Who Has the Cheapest Insurance Quotes for a Ford Fusion in Colorado?

Whenever people write about auto insurance, the word affordable shouldn’t be used as a descriptor for car insurance rates. Sad but true, cheap auto insurance for a Ford Fusion is almost non-existent. Don’t let that ruin your day, because we will tell you how you can quote insurance that is cheaper than your current rate.

Your chances of finding the cheapest auto insurance for a Ford Fusion in Colorado depends on a complicated formula that considers factors like your marital status, if you have ever let your coverage lapse, and deductible levels for physical damage coverage. Drivers in Colorado pay approximately $930 annually to insure a Ford Fusion, but that amount is a ballpark figure based upon a 50-year-old married male that wants full physical damage coverage and $500 deductibles.

There is a high probability that you’re not a 50-year-old male, single instead of married, or possibly you just want cheap liability coverage. Making minor changes in the rating criteria used to formulate rates could end up with a large change in the price of coverage.

Every driver has different characteristics, so the most reliable way to find the cheapest coverage for your Ford is to comparison shop your policy at every renewal or at least every couple of years. To cut your rates now, get a free quote and you will receive rate quotes from top-rated car insurance companies available.

Cheapest Ford Fusion Insurance Rates

Vehicle trim level will most likely have an effect on the coverage cost, so the price you will pay to insure a Fusion S 4-Dr Sedan trim level will be $156 less than the insurance cost for the higher-end Fusion Sport AWD 4-Dr Sedan version, as shown below.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Prices do not factor in vehicle garaging location which can raise or lower rates significantly.

Finding dependable, low-priced car insurance is not easy, and determining which company has the lowest-priced insurance rates for a Ford Fusion involves more quotes for comparison.

Each insurance company uses different criteria to determine premium rates, so to begin we’ll rank the insurance companies that tend to be cheaper in Colorado. Keep in mind that Colorado insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay for coverage. Things like getting older, buying a home instead of renting, or getting a speeding ticket may generate price changes that can cause some rates to be more expensive than others.

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The Hartford quotes some of the most affordable car insurance rates in Colorado at around $825 each year. Grange, USAA, Nationwide, and GEICO also qualify as some of the lowest-priced Colorado insurance companies.

In the rate table above, if you currently have a policy with Nationwide and switched to The Hartford, you might realize a yearly savings of about $330. Customers with GEICO may save as much as $362 a year, and Auto-Owners customers might reduce rates by $379 a year.

These premiums are averaged for all types of drivers and the different vehicles they drive and do not take into consideration a specific rate value for a Ford Fusion. So the company that fits you best may not even be featured in the list of companies above. That emphasizes why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.

Does full coverage make sense?

Finding the cheapest insurance for a Ford Fusion in Colorado is important to the majority of drivers, and one great way to reduce the cost of insurance is to only pay for liability coverage. The chart below shows the difference between yearly insurance costs when comparing full coverage to liability only. The premiums assume no claims or violations, $1,000 deductibles, marital status is single, and no discounts are applied.

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If all age groups are averaged, physical damage insurance costs an extra $1,865 per year more than just buying liability only. Lot’s of drivers question when is it safe to stop buying full coverage. There is no exact rule to exclude full coverage, but there is a general convention. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

There are a few cases where dropping 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 prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not opt for liability only.

The diagram below shows how choosing a deductible can impact insurance costs when getting quotes for cheap insurance for a Ford Fusion. The information is based on a single female driver, comp and collision included, and no discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3639,3321,2975,2649],[‘Age 30’, 2533,2305,2043,1791],[‘Age 40’, 2345,2137,1901,1675],[‘Age 50’, 2051,1867,1663,1465],[‘Age 60’, 1981,1807,1607,1417],[‘Age 70’, 2301,2101,1881,1671]]);var options = {title: ‘Impact of Deductible Levels on Ford Fusion Insurance Rates in Colorado’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Ford Fusion’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

In the chart above, a 30-year-old driver could reduce rates by $444 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $670 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old example, could roll back prices as much as $990 annually by selecting a higher deductible.

If you do decide to increase your deductibles, it is necessary to have enough in a savings account to enable you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Cheap Ford Fusion insurance quotes

There are quite a few ways to compare insurance prices in Colorado, but the most popular are from an independent agent, a captive (or exclusive) agency like Allstate or Auto-Owners, or from a direct company like Progressive.

All three ways can provide insurance quotes, but they differ slightly in how they provide rate quotes.

Independent agents work with multiple companies and can do rate comparisons with every one. These types of agencies have the ability to give you a larger rate selection, which may give you a better comparison. If your premiums go up, it’s simple to move the policy and you don’t have to switch agencies.

An exlusive, or captive, agency is contracted to a single insurance company, a couple examples are Allstate and Liberty Mutual agents. These agents normally cannot quote rates from more than one company, so it’s a good idea to get additional price quotes.

Drivers who opt to buy insurance direct skip local insurance agents and instead shop from a direct company like Esurance. Shopping for insurance direct can be a good choice for consumers who have limited assets and know how insurance works and possible exclusions.

When shopping for insurance, which way works best for finding the cheapest insurance for a Ford Fusion in Colorado? We wish we could say buying direct yields the cheapest rates since there isn’t an agent involved, but in reality, that is not true. A good argument could also be made that going through an independent agent saves the most money due to having more companies to select from, but that assumption is not true either. For the right applicant, exclusive agencies have extremely competitive rates well below independent agents AND direct companies.

Since insurance companies use so many rating factors, the only real way to get the lowest rate is to obtain price quotes and compare them. Money-saving experts recommend you get prices from all three to have the best selection of rates to choose from. For a list of companies offering online discounts in Colorado, click here to view.

How to find cheaper car insurance for a Ford Fusion

It’s not impossible to find cheaper rates, and here are some money-saving solutions that can help drivers find cheap car insurance.

• Vehicles with safetly features generally cost less to insure
• Higher physical damage deductibles lower rates
• Good credit scores may make rates cheaper
• Full coverage is expensive so only insure older vehicles for liability only
• Speeding tickets and other violations increase rates
• Avoid at-fault accidents and claims
• Shop around for cheaper prices often

The last idea is highly valuable, as was discussed in this article. Prices charged by car insurance companies in Colorado can change considerably in a year, so drivers shouldn’t be reluctant to switch carriers if a lower-cost policy is available. Many drivers prefer to stick with one company, but is isn’t recommended if it’s costing you thousands of dollars over several years. In just a few minutes you could compare rates and find cheaper car insurance for a Ford Fusion.

Geico, Progressive, State Farm, or Allstate: Who is best?

When comparing rates for insurance for a Fusion in Colorado, the most popular companies are Geico, Progressive, State Farm, and Allstate. When combined, they insure almost 50% of the entire U.S. market share. The data below shows some of the different features shoppers can find with each company.