Baffled by the crazy number of insurance providers available to you? Lot’s of other drivers are too. Florida vehicle owners have such a vast assortment of providers available that it can really be a ton of work to find a cheaper company. Everyone knows Miami has many things to offer, but having to pay for pricey insurance can make it difficult for lots of drivers to affordably insure vehicles.
It’s a known fact that auto insurance companies don’t want you to look for cheaper rates. People who compare other rates will most likely switch insurance companies because of the good chance of finding coverage at a more affordable price. A survey found that consumers who make a habit of shopping around saved over $3,400 over four years compared to other drivers who don’t regularly compare prices.
If saving the most money on auto insurance in Miami is the reason you’re reading this, then understanding the best ways to find and compare insurance premiums can save time and make the process easier.
It’s important to get comparison quotes on a regular basis due to the fact that insurance prices trend upward over time. Just because you found the best rates on Ford Fusion Hybrid insurance in Miami a year ago the chances are good that you can find a lower premium rate today. Forget all the misinformation about insurance because we’re going to show you the quickest way to reduce your cost while increasing coverage.
If you have insurance now, you will most likely be able to reduce the price you pay using the tips covered below. Finding more affordable coverage in Miami is not as hard as you think. Although Florida car owners must comprehend how the larger insurance companies determine premium rates because rates fluctuate considerably.
Most companies like Progressive, Allstate and GEICO allow you to get insurance quotes on the web. Doing online price comparisons for Ford Fusion Hybrid insurance in Miami is quite simple as you simply type in the amount of coverage you want into a form. After you submit the form the company’s rating system will order reports for credit and driving violations and returns a price determined by many factors.
Quoting online for Ford Fusion Hybrid insurance in Miami streamlines rate comparisons, and it’s absolutely necessary to compare as many rates as possible in order to get a lower rate.
To find out how much you’re overpaying now, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you duplicate your coverages exactly as they are listed on your policy. This ensures you are getting rate quotes using the same coverage and limits.
The companies in the list below are our best choices to provide price comparisons in Florida. If you want the best cheap auto insurance in Miami, we recommend you visit several of them to get the best price comparison.
Lower-cost Ford Fusion Hybrid insurance in Miami
Car insurance companies don’t list every policy discount in a way that’s easy to find, so below is a list both well-publicized and also the more inconspicuous credits available to you. If you don’t get every credit possible, you are paying more than you should be.
- Sign Online – Certain companies will discount your bill up to fifty bucks just for signing your application digitally online.
- One Accident Forgiven – This one is not really a discount per se, but some insurance companies will let one accident slide before hitting you with a surcharge as long as you don’t have any claims prior to being involved in the accident.
- ABS and Traction Control Discounts – Cars and trucks equipped with ABS or steering control can stop better under adverse conditions so companies give up to a 10% discount.
- Military Rewards – Being deployed in the military can result in better prices.
- Government Employee Discount – Simply working for the federal government can save as much as 8% depending on your car insurance provider.
- Good Student – Performing well in school can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
- Discounts for Good Drivers – Drivers who avoid accidents can save as much as half off their rates as compared to drivers with claims.
- Auto/Home Discount – If you combine your auto and home policies with the same company you may earn over 10 percent off each policy depending on the company.
- Discount for Passive Restraints – Vehicles equipped with air bags or motorized seat belts can receive discounts of 20 to 30 percent.
As is typical with insurance, some credits don’t apply to the whole policy. Some only apply to the price of certain insurance coverages like comp or med pay. Even though it appears having all the discounts means you get insurance for free, it doesn’t quite work that way.
The information below illustrates the comparison of Ford Fusion Hybrid auto insurance costs with and without discounts. The premiums assume a male driver, no claims, a clean driving record, Florida state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, claim-free, multi-policy, and multi-car discounts applied.
Larger car insurance companies and the discounts they provide are included below.
- GEICO may include discounts for anti-theft, federal employee, daytime running lights, membership and employees, anti-lock brakes, and driver training.
- Auto-Owners Insurance policyholders can earn discounts including paid in full, anti-lock brakes, mature driver, student away at school, safe driver, and teen driver.
- American Family has discounts for TimeAway discount, accident-free, good student, good driver, air bags, and multi-vehicle.
- Esurance discounts include good driver, multi-policy, emergency road assistance, homeowner, and paid-in-full.
- Progressive offers premium reductions for multi-vehicle, online signing, good student, continuous coverage, homeowner, and multi-policy.
- State Farm offers discounts including safe vehicle, multiple policy, passive restraint, Steer Clear safe driver discount, driver’s education, accident-free, and defensive driving training.
- AAA offers discounts for pay-in-full, anti-theft, good driver, education and occupation, multi-car, good student, and AAA membership discount.
If you want low cost Miami car insurance quotes, ask each insurance company to apply every possible discount. Depending on the company, some discounts might not apply in Miami.
Ford Fusion Hybrid insurance rate analysis
The premium information shown next showcases estimates of insurance coverage prices for Ford Fusion Hybrid models. Having insight into how insurance policy rates are established helps drivers make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $286 | $582 | $532 | $32 | $160 | $1,592 | $133 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Premium costs do not factor in specific garaging location which can raise or lower rates substantially.
Can higher deductibles save money?
One common question asked by Miami drivers is how high should the deductibles for physical damage be. The figures shown below may help to conceptualize the rate difference when you buy lower versus higher comp and collision deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $364 | $736 | $522 | $30 | $156 | $1,833 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion Hybrid 4-Dr Sedan | $224 | $464 | $522 | $30 | $156 | $1,396 | $116 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Information does not factor in the specific area where the vehicle is garaged which can revise price quotes substantially.
Based on the above data, using a $250 deductible will cost in the ballpark of $37 more each month or $444 a year than quoting the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 20 months between claims, you would come out ahead by going with a higher deductible.
Cost comparison with and without full coverage
The chart below shows the comparison of Ford Fusion Hybrid annual premium costs when comparing full coverage to liability only. The premiums are based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
When to stop paying for full coverage
There isn’t a written rule to stop buying full coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
For example, let’s say your Ford Fusion Hybrid replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after you pay the deductible. If you are paying more than $500 a year to have full coverage, then it might be time to consider dropping full coverage.
There are a few cases where only buying liability is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not buy liability only.
Buying insurance from Miami car insurance agents
Many drivers would rather visit with an insurance agent and that is OK! One of the benefits of getting free rate quotes online is you can get cheaper car insurance rates and still have a local agent.
Once you complete this short form, your insurance data is emailed to participating agents in Miami who will gladly provide quotes for your insurance coverage. You don’t have to find an agent on your own due to the fact that quote results will go to you. You can find the lowest rates and a licensed agent to talk to. If you need to quote rates from a particular provider, feel free to search and find their rate quote page and fill out the quote form the provide.
Choosing the best provider is decision based upon more than just a cheap quote. Get answers to these questions too.
- Where would your vehicle be repaired?
- Which companies can they place coverage with?
- How long has their agency been open in Miami?
- Does the quote include credit and driving reports?
- Is vehicle mileage a factor when determining depreciation for repairs?
Insurance can get complicated
Keep in mind that when it comes to choosing coverage online or from an agent, there is no one-size-fits-all type of policy. Your financial needs are unique and a cookie cutter policy won’t apply.
For instance, these questions can aid in determining whether or not you might need professional guidance.
- When should I buy a commercial auto policy?
- What if I total my Ford Fusion Hybrid and owe more than it’s worth?
- Do I need medical payments coverage since I have good health insurance?
- Is my cargo covered for damage or theft?
- Is other people’s property covered if stolen from my vehicle?
- Is a driver training discount available?
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance companies in your area.
How Your Fusion Hybrid Insurance Costs are Determined
An important part of buying insurance is that you know a few of the rating criteria that help determine the price you pay for insurance. If you have some idea of what positively or negatively impacts your premiums, this enables informed choices that can earn you lower rates. Many factors are part of the calculation when you get a price on insurance. Most are fairly basic like your driving record, but other factors are not quite as obvious like your vehicle usage or your financial responsibility.
Only buy what you need – Policies have additional extra coverages that can waste your money when buying insurance. Coverages like roadside assistance, accident forgiveness, and motor club memberships are examples of these. They may seem good when buying your policy, but now you might not need them so eliminate the coverages to reduce your premium.
Gender as a rate factor – Over the last 30 years, statistics show that men are more aggressive behind the wheel. However, don’t assume that women are BETTER drivers than men. Females and males cause at-fault accidents at a similar rate, but males have costlier accidents. Not only are claims higher, but men get higher numbers of serious violations like driving under the influence (DUI).
The information below illustrates the comparison of Ford Fusion Hybrid car insurance costs for male and female drivers. The premiums are based on no accidents, no driving violations, full coverage, $250 deductibles, drivers are single, and no discounts are applied.
Liability – The liability section of your policy kicks in in the event that a jury decides you are liable for damages from an accident. Your liability coverage provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not skimp.
Mature drivers pay less – Teen drivers in Florida are statistically proven to be inattentive in a vehicle so insurance rates are higher. If you’ve ever had to add a first-time driver to your insurance policy can increase premiums substantially. Mature drivers are shown to be more cautious, cause fewer claims and accidents, and are generally more financially stable.
The next chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Costs go up with performance – The make and model of the car or truck you own makes a huge difference in your premium level. Lower cost passenger cars usually have the lowest rates, but there are many factors that impact the final cost.
The data below uses these variables: single female driver age 40, full coverage with $100 deductibles, and no discounts or violations. It compares Ford Fusion Hybrid car insurance rates compared to other makes and models that have different risk factors.
Your occupation and insurance rates – Occupations such as lawyers, air traffic controllers, and accountants generally pay higher rates than the rest of us attributed to high stress levels and extremely grueling work hours. On the flip side, occupations such as farmers, historians and homemakers pay the least.
Ford Fusion Hybrid insurance claim data – Car insurance companies include the past claim history for a vehicle when setting rates for each model. Models that the data determines to have increased losses will have higher premium rates. The next table illustrates the historical loss data for Ford Fusion Hybrid vehicles.
For each policy coverage, the statistical loss for all vehicles, regardless of manufacturer or model, is represented as 100. Numbers shown that are under 100 imply a favorable loss record, while numbers shown that are more than 100 point to more claims or a tendency for losses to be larger than average.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Ford Fusion Hybrid | 125 | 97 | 98 | 92 | 93 | 95 |
Statistics from IIHS.org for 2013-2015 Model Years
Why do I need car insurance?
Even though it’s not necessarily cheap to insure a Ford in Miami, insuring your vehicle is a good idea for several reasons.
- The majority of states have minimum liability requirements which means it is punishable by state law to not carry a specific level of liability insurance if you want to drive legally. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Fusion Hybrid, most lenders will stipulate that you have full coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the lender will be forced to insure your Ford at a much higher premium rate and force you to pay a much higher amount than you were paying before.
- Auto insurance preserves not only your Ford Fusion Hybrid but also your financial assets. It will also pay for many types of medical costs for not only you but also any passengers injured in an accident. Liability coverage also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance definitely exceed the price paid, especially with large liability claims. As of last year, the average driver in Florida is overpaying more than $855 a year so you should quote and compare rates at every policy renewal to ensure rates are inline.
Compare. Compare. Compare.
Cheap Ford Fusion Hybrid insurance in Miami can be bought both online as well as from insurance agents, so get free Miami car insurance quotes from both of them to have the best chance of lowering rates. Some insurance companies may not provide rates over the internet and these small, regional companies only sell coverage through independent agents.
As you quote Miami car insurance, make sure you don’t reduce coverage to reduce premium. There are many occasions where an insured cut comprehensive coverage or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. The goal is to buy enough coverage at the best possible price while still protecting your assets.
How to buy lower priced Ford Fusion Hybrid insurance in Miami
The best way we recommend to get cheaper auto insurance rates in Miami is to begin comparing prices regularly from providers that insure vehicles in Florida. You can compare prices by following these steps.
Step 1: Try to learn about policy coverages and the changes you can make to prevent rate increases. Many risk factors that drive up the price such as getting speeding tickets and an imperfect credit rating can be rectified by making minor driving habit or lifestyle changes.
Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO or Allstate, while independent agencies can quote rates for a wide range of insurance providers. Compare rates now
Step 3: Compare the new rates to the price on your current policy to determine if you can save on Fusion Hybrid insurance. If you find a lower rate quote, ensure coverage does not lapse between policies.
Step 4: Notify your company or agent to cancel your current auto insurance policy. Submit the application along with any required down payment to your new agent or company. As soon as you can, keep your new proof of insurance certificate along with your vehicle registration.
One tip to remember is to try to compare similar deductibles and liability limits on each quote and and to get rate quotes from as many companies as feasibly possible. Doing this enables a fair rate comparison and a better comparison of the market.
More tips and info about auto insurance is available by following these links:
- Speed and Speed Limit FAQ (iihs.org)
- Who Has Cheap Miami Auto Insurance Rates for College Students? (FAQ)
- Who Has the Cheapest Miami Auto Insurance for a GMC Sierra? (FAQ)
- Who Has Affordable Miami Car Insurance Quotes for Infrequent Drivers? (FAQ)
- How Much is Auto Insurance for Nurses in Miami? (FAQ)
- What Car Insurance is Cheapest for First-time Drivers in Miami? (FAQ)
- Older Drivers FAQ (iihs.org)
- How do I File a Claim? (Insurance Information Institute)