Unbelievable but true according to a study a large majority of consumers have been with the same company for well over three years, and 38% of customers have never even compared rates from other companies. Many consumers in North Carolina could pocket approximately 10% a year by just comparing quotes, but they won’t spend time to go online and compare rates.
The easiest way to get low-cost Ford Fusion insurance in Greensboro is to start doing a yearly price comparison from insurers who provide auto insurance in North Carolina. You can compare prices by following these guidelines.
- Step 1: Take a little time to learn about how insurance companies determine prices and the things you can control to keep rates in check. Many risk factors that drive up the price such as traffic citations and a poor credit score can be eliminated by paying attention to minor details. Continue reading for additional ideas to prevent expensive rate increases and find overlooked discounts.
- Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like GEICO and State Farm, while independent agents can provide price quotes from multiple insurance companies.
- Step 3: Compare the new rates to your current policy to see if you can save by switching companies. If you find better rates, make sure there is no lapse in coverage.
- Step 4: Tell your current company to cancel the current policy and submit a down payment along with a completed application to the new insurer. Once coverage is bound, keep the new certificate of insurance with the vehicle registration.
An important bit of advice to remember is to try to use the same coverage limits and deductibles on every quote and and to analyze as many different companies as possible. Doing this provides an apples-to-apples comparison and a good representation of prices.
If you currently have auto insurance, you will definitely be able to get lower rates using these techniques. Buying the cheapest auto insurance in Greensboro is not rocket science. But North Carolina consumers must learn how insurance companies sell online because it varies considerably.
The fastest way that we advise to compare car insurance rates for Ford Fusion insurance in Greensboro is to realize almost all companies allow for online access to compare rate quotes. The only thing you need to do is give them some information like how much school you completed, if you are currently licensed, which vehicles you own, and if you require a SR-22. The rating information is automatically sent to insurance companies and they respond with quotes very quickly.
If you would like to compare rates now, click here then complete the form.
The companies in the list below are ready to provide comparison quotes in North Carolina. If multiple companies are listed, it’s a good idea that you visit two to three different companies to find the cheapest car insurance rates.
Rates and other information
The data table shown below covers detailed analysis of policy rates for Ford Fusion models. Learning a little about how car insurance premiums are calculated can help customers make smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $102 | $200 | $282 | $16 | $84 | $684 | $57 |
| Fusion SE 4-Dr Sedan | $116 | $236 | $282 | $16 | $84 | $734 | $61 |
| Fusion Hybrid 4-Dr Sedan | $116 | $272 | $352 | $20 | $106 | $866 | $72 |
| Fusion SEL 4-Dr Sedan | $116 | $236 | $282 | $16 | $84 | $734 | $61 |
| Fusion Sport 4-Dr Sedan | $116 | $236 | $282 | $16 | $84 | $734 | $61 |
| Fusion SEL AWD 4-Dr Sedan | $128 | $272 | $282 | $16 | $84 | $782 | $65 |
| Fusion Sport AWD 4-Dr Sedan | $128 | $272 | $282 | $16 | $84 | $782 | $65 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rates do not factor in specific location which can impact insurance rates considerably.
Policy deductible comparison
When comparing insurance rates, the most common question is which comprehensive and collision deductibles to buy. The rates shown below lay out the differences in premium rates between high and low comp and collision deductibles. The first data set uses a $100 deductible for comp and collision and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Fusion SE 4-Dr Sedan | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Fusion Hybrid 4-Dr Sedan | $242 | $524 | $312 | $18 | $94 | $1,215 | $101 |
| Fusion SEL 4-Dr Sedan | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Fusion Sport 4-Dr Sedan | $242 | $456 | $250 | $14 | $74 | $1,061 | $88 |
| Fusion SEL AWD 4-Dr Sedan | $270 | $524 | $250 | $14 | $74 | $1,157 | $96 |
| Fusion Sport AWD 4-Dr Sedan | $270 | $524 | $250 | $14 | $74 | $1,157 | $96 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $156 | $262 | $250 | $14 | $74 | $756 | $63 |
| Fusion SE 4-Dr Sedan | $176 | $308 | $250 | $14 | $74 | $822 | $69 |
| Fusion Hybrid 4-Dr Sedan | $176 | $354 | $312 | $18 | $94 | $954 | $80 |
| Fusion SEL 4-Dr Sedan | $176 | $308 | $250 | $14 | $74 | $822 | $69 |
| Fusion Sport 4-Dr Sedan | $176 | $308 | $250 | $14 | $74 | $822 | $69 |
| Fusion SEL AWD 4-Dr Sedan | $196 | $354 | $250 | $14 | $74 | $888 | $74 |
| Fusion Sport AWD 4-Dr Sedan | $196 | $354 | $250 | $14 | $74 | $888 | $74 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Table data does not factor in garaging location in Greensboro which can increase or decrease coverage prices noticeably.
Based on these figures, using a $100 deductible could cost the average driver approximately $20 more each month or $240 annually than choosing the higher $500 deductible. Since you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally go more than 20 months between claim filings, you would probably come out ahead if you elect the higher deductible.
Calculation for determining deductible levels
| Average monthly premium for $100 deductibles: | $91 |
| Average monthly premium for $500 deductibles (subtract): | – $71 |
| Monthly savings from raising deductible: | $20 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $20 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 20 months |
Impact of speeding/accidents on insurance rates
The illustration below illustrates how violations and at-fault claims can influence Ford Fusion insurance costs for different age groups of insureds. The rate quotes are based on a single female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
Rate difference between full and liability-only coverage
The chart below illustrates the difference between Ford Fusion auto insurance rates with and without physical damage coverage. The data is based on no claims or driving citations, $500 deductibles, single marital status, and no discounts are factored in.
Are you wasting money paying for full coverage?
There is no written rule that is best for determining when to drop physical damage coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Ford Fusion settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $7,000 after paying your policy deductible. If premium cost is more than $700 a year for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some situations where dropping full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.
Car insurance does more than just repair your car
Despite the fact that car insurance is not cheap in Greensboro, paying for car insurance is not optional due to several reasons.
- Just about all states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability if you don’t want to risk a ticket. In North Carolina 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.
- If your vehicle has a lienholder, most banks will make it mandatory that you have full coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank may buy a policy for your Ford at a much higher rate and force you to pay the higher price.
- Car insurance protects your Ford and your assets. It will also reimburse you for all forms of medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay attorney fees if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance are definitely more than the cost, especially if you ever need it. The average driver in America is overpaying more than $869 every year so you should quote and compare rates at every renewal to ensure rates are competitive.
How much insurance do I need?
When quoting and comparing coverage online or from an agent, there is no best way to insure your cars. Everyone’s situation is a little different and your insurance should be unique as well.
For example, these questions may help highlight whether you might need an agent’s assistance.
- Does my insurance cover my expensive audio equipment?
- Is borrowed equipment or tools covered if stolen or damaged?
- Are my friends covered when driving my car?
- Am I covered if hit by an uninsured driver?
- What can I do if my company denied a claim?
- Should I have combined single limit or split liability limits?
- What is an SR-22 filing?
- What if I owe more than I can insure my car for?
- Why am I required to buy liability insurance?
If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Car insurance 101
Knowing the specifics of your policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages found on most auto insurance policies.
Medical expense insurance
Med pay and PIP coverage provide coverage for immediate expenses for surgery, hospital visits, dental work and X-ray expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Coverage for liability
This protects you from damage or injury you incur to a person or their property that is your fault. This coverage protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 30/60/25 that means you have $30,000 in coverage for each person’s injuries, $60,000 for the entire accident, and $25,000 of coverage for damaged property. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability can pay for things like medical services, medical expenses, bail bonds and structural damage. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford. North Carolina requires drivers to carry at least 30/60/25 but you should think about purchasing more coverage.
The next chart shows why buying the state minimum limits may not be enough.
Protection from uninsured/underinsured drivers
Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Ford Fusion.
Due to the fact that many North Carolina drivers carry very low liability coverage limits (North Carolina limits are 30/60/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Collision coverage
Collision insurance pays to fix your vehicle from damage from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against claims like sustaining damage from a pot hole, colliding with another moving vehicle, rolling your car and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible on your Fusion in order to get cheaper collision rates.
Comprehensive (Other than Collision)
This pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as hail damage, hitting a deer, a broken windshield and vandalism. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.
Be persistent and save
As you prepare to switch companies, don’t be tempted to skimp on critical coverages to save a buck or two. Too many times, drivers have reduced liability coverage limits to discover at claim time they didn’t purchase enough coverage. Your goal is to purchase plenty of coverage for the lowest price, not the least amount of coverage.
Lower-priced Ford Fusion insurance in Greensboro is definitely available from both online companies as well as from independent agents in Greensboro, and you should compare price quotes from both to get a complete price analysis. Some auto insurance companies may not have online quoting and usually these small, regional companies only sell coverage through local independent agents.
In this article, we presented many ways to compare Ford Fusion insurance prices in Greensboro. The key thing to remember is the more quotes you get, the better likelihood of getting the cheapest Ford Fusion rate quotes. You may even find the lowest prices come from a smaller regional carrier. These companies often have lower rates on specific markets than the large multi-state companies such as Allstate or State Farm.
To read more, take a look at these articles:
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- How do I File a Claim? (Insurance Information Institute)