Save Money on Ford Fusion Hybrid Insurance in New Orleans

Unthinkable but true, most drivers have remained with the same auto insurance company for a minimum of four years, and 38% of drivers have never taken the time to shop around. With the average auto insurance premium being $2,900, Louisiana drivers can save approximately $900 each year by just comparing rate quotes, but they just don’t understand the benefits if they switched to a cheaper policy.

If saving money is your primary concern, then the best way to get low-cost Ford Fusion Hybrid insurance in New Orleans is to start doing a yearly price comparison from insurance carriers who sell auto insurance in Louisiana.

Step 1: Try to comprehend how auto insurance works and the measures you can take to lower rates. Many factors that cause high rates like accidents, traffic tickets, and a substandard credit history can be rectified by making lifestyle changes or driving safer. This article gives the details to find cheap rates and find overlooked discounts.

Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from a single company like GEICO or State Farm, while independent agents can provide rate quotes from multiple sources.

Step 3: Compare the new quotes to your existing policy to determine if switching companies saves money. If you find a better price and decide to switch, make sure coverage does not lapse between policies.

Step 4: Notify your agent or company to cancel your current auto insurance policy and submit payment and a completed application to your new company or agent. Be sure to put the proof of insurance paperwork in your vehicle.

The key thing to remember is to make sure you enter identical limits and deductibles on each price quote and and to get rates from as many different companies as possible. This enables a level playing field and a good representation of prices.

Locating the best rates in New Orleans is really quite easy. If you are already insured, you will be able to get lower rates using the tips covered below. Comparison shoppers just have to use how to quote multiple rates over the internet.

Finding cheaper car insurance quotes is not rocket science. The only thing you need to do is take time comparing rate quotes to find out which insurance company has affordable New Orleans auto insurance quotes.

It’s so easy to compare quotes online that it makes it obsolete to spend your day driving to insurance agents’ offices. Comparing Ford Fusion Hybrid insurance rate quotes online reduces the need to sit down with an agent unless you want the guidance that you can only get from talking to an agent. It is possible to price shop online but have your policy serviced through an agent.

The companies shown below have been selected to offer price quotes in New Orleans, LA. If you wish to find cheap auto insurance in New Orleans, we suggest you click on several of them to get the best price comparison.

Ford Fusion Hybrid coverage analysis

The rate table displayed below covers different insurance premium costs for Ford Fusion Hybrid models. Learning how insurance prices are established is important for you to make decisions when choosing a new policy provider.

Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in vehicle garaging location which can alter insurance rates greatly.

Raise deductibles and save

One common question asked by New Orleans drivers is which deductibles should you choose. The figures shown below may aid in understanding the rate difference between low and high physical damage deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rates do not factor in specific New Orleans garaging location which can increase or decrease premiums noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs approximately $57 more each month or $684 annually than requesting the higher $1,000 deductible. Since you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 16 months between claims, you would probably save some money if you elect the higher deductible.

The information below illustrates how your deductible choice and can affect Ford Fusion Hybrid insurance premiums for different age groups. The rate quotes are based on a married female driver, full coverage, and no additional discounts are factored in.

How accidents and tickets impact rates in New Orleans

The diagram below shows how speeding tickets and at-fault collisions can affect Ford Fusion Hybrid premium costs for different categories of driver ages. The prices are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.

Difference between full coverage and liability only rates

The diagram below illustrates the difference between Ford Fusion Hybrid annual premium costs with and without physical damage coverage. The costs are based on no violations or claims, $500 deductibles, single status, and no discounts are applied.

Are you wasting money paying for full coverage?

There isn’t a written rule for phasing out comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Ford Fusion Hybrid claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after paying your policy deductible. If you are paying over $800 a year for your policy with full coverage, then you might consider buying liability only.

There are a few cases where only buying liability is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not opt for liability only.

Three reasons car insurance is important

Despite the high cost of buying insurance for a Ford Fusion Hybrid in New Orleans, maintaining insurance is required by state law in Louisiana and it also provides benefits you may not be aware of.

First, most states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability insurance in order to license the vehicle. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your vehicle, it’s most likely the lender will force you to have full coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the lender may insure your Ford at a much higher premium rate and require you to fork over for the much more expensive policy.

Third, insurance protects both your vehicle and your assets. Insurance will also pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay attorney fees in the event you are sued. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to repair the damage.

The benefits of insuring your car definitely exceed the cost, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $750 every year so it’s recommended you shop around at least once a year to be sure current rates are still competitive.

Components of Your Ford Fusion Hybrid Insurance Prices

Many things are part of the calculation when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, although some other factors are not as apparent like where you live or your vehicle rating.

The list below includes some of the items used by your company to calculate your premiums.

• Where do you drive? – The more you drive annually the more it will cost to insure it. Most companies apply a rate based on how the vehicle is used. Cars and trucks that sit idle most of the time receive better premium rates than vehicles that are driven to work every day. It’s a smart idea to ensure your auto insurance coverage reflects annual mileage. Incorrect rating for your Fusion Hybrid is just wasting money.
• Rates increase with policy add-ons – There are a ton of extra coverages that you can buy on your Fusion Hybrid policy. Coverages like personal injury protection, accident forgiveness, and additional equipment coverage are some examples. These may sound like a good investment initially, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.
• Certain vocations pay higher rates – Do you have a high-stress occupation? Jobs like military generals, airline pilots, and dentists tend to have the highest rates due to intense work-related stress and incredibly demanding work hours. On the flip side, careers such as actors, engineers and retirees get better rates.
• Get cheaper costs if you’re married – Being married may earn you lower rates compared to being single. Having a significant other means you’re more financially stable it has been statistically shown that drivers who are married file infrequent claims.

• Premiums are lower the older you get – Teenage drivers in Louisiana have been known to be careless and easily distracted behind the wheel therefore auto insurance rates are much higher. Mature drivers are more cautious drivers, cost insurance companies less in claims, and are generally more financially stable.

  The following chart assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.

• Rates also based on gender – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. It does not mean women are better drivers. They both are in auto accidents in similar numbers, but males tend to have more serious accidents. They also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 tend to get in the most accidents so it costs more to insure them.

  The example below visualizes the comparison of Ford Fusion Hybrid car insurance rates for male and female drivers. The prices are based on no claims or violations, full physical damage coverage, $250 deductibles, single marital status, and no policy discounts are applied.

• Be proud to be claim-free – Insurance companies in Louisiana provide the lowest premiums to people who only file infrequent claims. If you tend to file frequent claims, you can definitely plan on increased rates or even have your policy non-renewed. Your car insurance is intended for claims that pose a financial burden.

• Claims statistics for a Ford Fusion Hybrid – Insurance companies analyze historical claim data to determine a price that will be profitable for them. Models that statistically have higher frequency or amount of claims will have increased rates.

  The table below outlines the collected loss data for Ford Fusion Hybrid vehicles. For each coverage type, the claim probability for all vehicles, regardless of make or model, equals 100. Values below 100 imply a favorable loss record, while values over 100 indicate more frequent claims or statistically larger losses.

  
  

  Ford Fusion Hybrid Insurance Claim Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Ford Fusion Hybrid	125	97	98	92	93	95

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

New Orleans insurance discounts

Insurance is not inexpensive, but there’s a good chance there are discounts that may help make it more affordable. Some trigger automatically at the time of purchase, but a few must be specially asked for before being credited. If you are not receiving all the discounts available, you are just wasting money.

• Seat Belts Save more than Lives – Drivers who require all vehicle occupants to buckle up can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
• Fewer Miles Equal More Savings – Driving fewer miles can earn slightly better prices than normal.
• Discounts for Government Workers – Active or former government employment could cut as much as 10% off with a few insurance companies.
• Air Bags and Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts up to 30%.
• Multiple Cars – Buying coverage for several vehicles on the same insurance policy qualifies for this discount.
• No Claims – Insureds with no claims or accidents can save substantially in comparison to frequent claim filers.

Drivers should understand that most credits do not apply to the entire policy premium. Most cut specific coverage prices like comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

The chart below illustrates the comparison of Ford Fusion Hybrid insurance costs with and without discounts being applied to the rates. The costs are based on a male driver, no claims, a clean driving record, Louisiana state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, homeowner, multi-policy, and multi-car discounts applied.

If you would like to view companies with the best Ford Fusion Hybrid insurance discounts in New Orleans in Louisiana, click here to view.

Compare rate quotes but buy from a neighborhood New Orleans auto insurance agent

A lot of people would prefer to visit with an insurance agent and doing that can be a smart decision Professional agents can make sure you are properly covered and help you file claims. An additional benefit of comparing insurance prices online is the fact that drivers can get lower rates and still choose a local agent.

By using this short form, the coverage information is emailed to participating agents in New Orleans who will give you quotes to get your business. You never need to visit any agencies due to the fact that quote results will go to your email. In the event you want to compare prices for a specific company, you can always navigate to their website and fill out their quote form.

Deciding on a insurance company requires more thought than just the quoted price. Any agent in New Orleans should have no problem answering these questions:

• Has the agent ever had any license suspensions?
• In the event of vehicle damage, can you pick the collision repair facility?
• Does the agent recommend any additional coverage?
• Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
• Will the company cover a rental car if your car is getting fixed?

If you are wanting to purchase car insurance from a good insurance agency, it helps to know the two different types of agencies and how they are distinctly different. Agents may be either independent or exclusive depending on the company they work for. Either can provide car insurance policies, but it’s a good idea to understand the differences because it can factor into the selection process.

Exclusive Car Insurance Agents

Agents that elect to be exclusive can only quote rates from one company and examples are State Farm or Allstate. Exclusive agents are unable to shop your coverage around so you might not find the best rates. These agents are trained well on their products and sales techniques which helps them compete with independent agents.

The following are New Orleans exclusive agencies that can give you price quote information.

More New Orleans agents

Independent Car Insurance Agents

Agents of this type do not sell for just one brand so they can quote policies with any number of different companies and find the cheapest rate. If your premiums go up, the agent simply finds a different carrier and you don’t have to do anything.

When comparison shopping, we recommend you get quotes from a few independent agents in order to have the best price comparison.

The following is a list of independent insurance agents in New Orleans that can give you price quote information.

More New Orleans agents

New Orleans auto insurance companies ranked

Insuring your vehicle with a highly-rated car insurance provider can be a challenge considering how many different insurance companies sell coverage in Louisiana. The company rank data shown below could help you analyze which coverage providers to look at comparing rate quotes with.

Top 10 New Orleans Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top 10 New Orleans Car Insurance Companies Ranked by Value

1. Mercury Insurance
2. Travelers
3. American Family
4. AAA Insurance
5. Safeco Insurance
6. Progressive
7. The Hartford
8. The General
9. 21st Century
10. Esurance

The lowest rates come from being thorough

Cheaper auto insurance in New Orleans can be purchased both online and from local insurance agents, so you need to shop New Orleans auto insurance with both in order to have the best chance of saving money. Some insurance companies may not provide rate quotes online and these regional insurance providers sell through independent agents.

We just covered a lot of ways to compare Ford Fusion Hybrid insurance prices in New Orleans. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. You may even discover the biggest savings come from the smaller companies. These companies can often provide lower rates in certain areas than the large multi-state companies such as GEICO and State Farm.

While you’re price shopping online, don’t be tempted to skimp on coverage in order to save money. There have been many situations where drivers have reduced liability coverage limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to buy a smart amount of coverage at the best possible price, but do not skimp to save money.

To read more, take a look at the following helpful articles:

• Older Drivers FAQ (iihs.org)
• How Much is New Orleans Car Insurance for a 20 Year Old Female? (FAQ)
• How Much is Auto Insurance for Ride Shares in New Orleans? (FAQ)
• Who Has the Cheapest Auto Insurance for Low Credit Scores in New Orleans? (FAQ)
• Who Has Affordable Car Insurance Rates for Teenage Males in New Orleans? (FAQ)
• How Much is Auto Insurance with Multiple Speeding Tickets in New Orleans? (FAQ)
• Who Has Affordable Car Insurance for High School Students in New Orleans? (FAQ)
• How Much is Auto Insurance for Good Students in New Orleans? (FAQ)
• Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
• Prom Night Tips for Teen Drivers (State Farm)
• Uninsured Motorist Statistics (Insurance Information Institute)