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

When writing about shopping for car insurance, the words “affordable” or “cheap” should not appear as a descriptor for auto insurance rates. It’s just reality that cheap auto insurance for a Ford Fusion can be hard to find. But don’t let that discourage you, because we are going to tell you how you can find and buy insurance that is cheaper than your current rate.

Whether or not you can find affordable insurance for a Ford Fusion in New Mexico hinges on a calculation that uses factors such as how old you are, if you have a tendancy to file claims, and physical damage deductibles. New Mexico drivers on average will pay $1,090 every 12 months to buy Ford Fusion insurance, but that amount is an estimate that uses a 30-year-old married female driver who needs comprehensive and collision coverage and $250 physical damage deductibles.

There is a high probability that you are not exactly 30 years old and possibly not even female, possibly single instead of married, or maybe your Fusion doesn’t need full coverage. What seems to be a small difference in the factors used in pricing a policy can lead to a big change in the price of coverage.

Everyone has unique insurance needs, and this illustrates why your best shot at finding cheap insurance prices for your Ford is to shop around at every renewal for lower rates. Do a quick rate comparison now and you will get price quotes from some of the cheapest companies that sell coverage in New Mexico.

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The specific model of Fusion will have an impact price, so the price you pay to insure a Fusion S 4-Dr Sedan trim level will cost $208 less than the cost to insure the higher-end Fusion Sport AWD 4-Dr Sedan trim level, as demonstrated by the prices below.

Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Price estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease price quotes substantially.

Finding dependable, budget insurance is not the easiest thing to do, and finding out which companies have the best insurance rates for a Ford Fusion calls for additional perseverance. Each auto insurance company uses a different method for determining rates, so to begin we’ll rank the most competitive insurance companies in New Mexico.

It’s important to understand that New Mexico insurance rates are determined by lots of factors which can substantially change your annual premium. This is why consumers need to take the time to compare as many rates as possible to get affordable auto insurance quotes for a Ford Fusion. Rates are influenced by many factors and can change substantially, so the best company when you last compared rates may now not even be in the top five.

Lowest Insurance Price Quotes for Your Fusion

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USAA may have some of the lowest car insurance rates in New Mexico at around $683 annually. Allied, Safeco, Farm Bureau Mutual, and Farmers are also some of the most economical New Mexico car insurance companies.

As depicted above, if you currently buy coverage from Farm Bureau Mutual and switched to Allied, you might see a yearly price reduction of about $218. New Mexico drivers with Farmers could save as much as $315 a year, and State Farm insureds might see rate reductions of $362 a year.

To compare your rates to other New Mexico insurance companies, click here or visit any of the low-priced companies below.

These premium estimates are averages for all types of drivers and the different vehicles they drive and and are not calculated with a specific rate factor for a Ford Fusion. So the company that is best suited for you may not even be in the list of companies above. That points out the importance of why you need to compare rates from multiple companies using your own driver and vehicle profiles.

How accidents and tickets impact rates in New Mexico

The common sense way to receive the cheapest insurance for a Ford Fusion in New Mexico is to drive attentively and maintain a clean driving record. The diagram below demonstrates how speeding tickets and fender-benders impact insurance costs for each different age category. The data is based on a married male driver, comp and collision included, $500 deductibles, and no other discounts are factored in.

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In the prior example, the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,657. Add in one speeding ticket and the average cost swells to $1,903, an increase of $246 each year. Then add two accidents along with the one speeding ticket and the yearly cost of insurance for a Ford Fusion jumps again to an average of $4,059. That’s an increase of $2,402, or $200 per month, just for being a little careless behind the wheel!

The illustration below demonstrates how choosing different deductibles can affect insurance costs when quoting cheap insurance for a Ford Fusion. The premiums assume a married female driver, full physical damage coverage, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2873,2603,2297,2005],[‘Age 30’, 2027,1831,1607,1393],[‘Age 40’, 1997,1805,1589,1383],[‘Age 50’, 1745,1581,1395,1217],[‘Age 60’, 1663,1507,1327,1157],[‘Age 70’, 1787,1617,1429,1253]]);var options = {title: ‘Impact of Higher Deductibles on Ford Fusion Insurance Rates in New Mexico’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Ford Fusion’,minValue: 0,format: ‘$###,###’},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);}

A 50-year-old driver could lower rates by $350 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $528 by using a $1,000 deductible. Young drivers, like the Age 20 chart data, could shave up to $868 or even more by choosing a larger deductible amount.

When choosing a higher deductible, it is essential to have enough in a savings account to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Does Progressive, State Farm, Allstate, or Geico have the cheapest car insurance?

If you want reliable auto insurance, some of the first companies to look at are Progressive, State Farm, Allstate, and Geico. When added together, they make up almost 50% of the car insurance market in the United States. All offer your standard physical damage and liability coverages, but each one has slightly different coverage options that add value to each policy. The data below illustrates some of the different options and features that are available for buyers.