If you want to save money, the best way to get budget Ford Fusion Hybrid insurance is to regularly compare quotes from different companies who can sell car insurance in Honolulu.
Step 1: Read about the different coverages in a policy and the modifications you can make to prevent rate increases. Many rating criteria that result in higher rates like accidents, careless driving, and a low credit score can be eliminated by being financially responsible and driving safely. Continue reading for more information to get affordable coverage and get discounts that may be available to you.
Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes for a wide range of companies.
Step 3: Compare the new rate quotes to your current policy to determine if switching companies saves money. If you find a lower rate and change companies, ensure coverage does not lapse between policies.
Step 4: Tell your current company to cancel the current policy. Submit the application along with any required down payment to the new insurer. Once received, keep your new certificate verifying proof of insurance with the vehicle registration.
A good piece of advice is to make sure you’re comparing the same physical damage deductibles and liability limits on each quote and and to compare as many companies as feasibly possible. Doing this guarantees the most accurate price comparison and the best price selection.
Unthinkable but true, a large majority of insurance policyholders have remained with the same insurance company for at least four years, and just short of a majority have never compared insurance rates at all. With the average premium in Hawaii being $960, drivers can save approximately 40% each year just by shopping around, but they underestimate the big savings they would realize if they changed companies.
When shopping for affordable Ford Fusion Hybrid insurance quotes, there are a couple of ways to obtain and compare prices from different companies. The best method to find the cheapest Ford Fusion Hybrid insurance rates involves getting comparison quotes online. It’s important to know that comparing a wide range of rates helps you find a better price. Some regional insurers cannot provide Honolulu Fusion Hybrid insurance quotes online, so you should also compare quotes from the smaller companies as well.
The following companies offer price quotes in Hawaii. If the list has multiple companies, we recommend you visit two to three different companies to find the cheapest auto insurance rates.
Three reasons to not skimp on car insurance
Even though it can be expensive, car insurance serves an important purpose.
First, the majority of states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability protection in order to drive the car. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your Ford Fusion Hybrid, most lenders will make it mandatory that you carry insurance to guarantee payment of the loan. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Ford at an extremely high rate and force you to reimburse them for the expensive policy.
Third, insurance protects not only your car but also your financial assets. Insurance will also pay for many types of medical costs for yourself as well as anyone injured by you. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If your Ford gets damaged, comprehensive and/or collision insurance will cover the repair costs.
The benefits of insuring your Fusion Hybrid definitely exceed the cost, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver overpays more than $800 each year so it’s very important to do a rate comparison each time the policy renews to ensure rates are inline.
Facts and figures for Ford Fusion Hybrid insurance
The coverage table below outlines a range of insurance premium costs for Ford Fusion Hybrid models. Being aware of how policy rates are established can aid in making decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Fusion Hybrid 4-Dr Sedan||$188||$378||$330||$20||$100||$1,016||$85|
|Get Your Own Custom Quote Go|
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rate information does not factor in specific location information which can revise rates substantially.
Rate comparison of males versus females in Honolulu
The illustration below compares Ford Fusion Hybrid auto insurance rates for male and female drivers. The price estimates are based on no violations or claims, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no additional discounts are factored in.
Full coverage or liability only
The diagram below visualizes the comparison of Ford Fusion Hybrid insurance costs when comparing full coverage to liability only. Data assumes a clean driving record, no claims, $500 deductibles, single status, and no discounts are applied to the premium.
When to stop buying comprehensive and collision coverage
There is no definitive rule of when to exclude physical damage insurance, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Ford Fusion Hybrid replacement value is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $7,000 after paying your policy deductible. If you are paying over $700 annually for your policy with full coverage, then you may want to consider only buying liability coverage.
There are some scenarios where removing full coverage is not recommended. If you haven’t satisfied your loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Auto insurance discounts help lower rates for Ford Fusion Hybrid insurance in Honolulu
Auto insurance companies do not list all discounts in a way that’s easy to find, so the list below contains both the well known and the more hidden credits available to lower your premiums when you buy Honolulu auto insurance online.
- Savings for New Vehicles – Putting insurance on a new Fusion Hybrid can cost up to 25% less because newer models have to meet stringent safety requirements.
- Discount for Life Insurance – Select companies reward you with a lower price if you buy some life insurance too.
- Theft Deterrent – Anti-theft and alarm system equipped vehicles help deter theft and can earn a small discount on your policy.
- Discounts for Federal Employees – Employees or retirees of the government can earn a discount up to 10% but check with your company.
- Bundle and Save – When you combine your home and auto insurance and place coverage with the same company you could earn a discount of as much as 10 to 15 percent.
A little note about advertised discounts, most discounts do not apply to the entire cost. Most cut the price of certain insurance coverages like comprehensive or collision. Just because you may think you could get a free auto insurance policy, you’re out of luck. But all discounts will definitely lower your policy cost.
The diagram below shows the comparison of Ford Fusion Hybrid auto insurance rates with and without discounts applied to the premium. The rate quotes are based on a female driver, no accidents, no driving violations, Hawaii 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 safe-driver, multi-policy, multi-car, homeowner, claim-free, and marriage discounts applied.
A few popular companies and a summarized list of policyholder discounts can be found below.
- State Farm offers premium reductions for safe vehicle, good driver, multiple policy, accident-free, Drive Safe & Save, driver’s education, and multiple autos.
- Progressive discounts include homeowner, online signing, online quote discount, continuous coverage, multi-policy, and good student.
- Travelers may offer discounts for multi-policy, driver training, good student, student away at school, and IntelliDrive.
- American Family offers discounts for Steer into Savings, good student, air bags, bundled insurance, early bird, and defensive driver.
- Liberty Mutual offers discounts including good student, hybrid vehicle, multi-policy, safety features, newly retired, and teen driver discount.
If you need affordable Honolulu auto insurance quotes, ask each company to apply every possible discount. All car insurance discounts may not be available in Honolulu.