Would you like to stop wasting money and find more competitive Ford Fusion insurance in Louisville? Do you get confused by the sheer number of insurance sources that you can choose from? Lot’s of other drivers are too. Kentucky consumers have so many choices that it can be a lot of work to find a more affordable company. Lots of people think Louisville is a great city to raise a family in, but budgeting for expensive insurance can make it hard for many residents to affordably buy enough coverage.
A recent NerdWallet.com study revealed that most consumers in Kentucky have bought insurance from the same company for over three years, and approximately 40% of consumers have never quoted insurance rates at all. American drivers could save an average of up to $860 each year just by shopping around, but most just don’t grasp the actual amount they would save if they swap their current policy for a cheaper one.
Consumers need to compare premium rates yearly because insurance rates are constantly changing. Despite the fact that you may have had the best rate on Ford Fusion insurance in Louisville on your last policy the chances are good that you can find a lower price today. There is too much inaccurate information about Fusion insurance online but in a few minutes you can learn some guaranteed methods to put money back in your pocket.
Companies offering Ford Fusion insurance in Kentucky
The companies in the list below can provide comparison quotes in Kentucky. To locate the best auto insurance in KY, we recommend you compare several of them to get a more complete price comparison.
Car insurance data for a Ford Fusion
The rate table shown next showcases estimates of prices for Ford Fusion models. Being aware of how policy premiums are determined is important for you to make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $216 | $438 | $368 | $22 | $110 | $1,154 | $96 |
| Fusion SE 4-Dr Sedan | $244 | $516 | $368 | $22 | $110 | $1,260 | $105 |
| Fusion Hybrid 4-Dr Sedan | $244 | $594 | $462 | $28 | $138 | $1,466 | $122 |
| Fusion SEL 4-Dr Sedan | $244 | $516 | $368 | $22 | $110 | $1,260 | $105 |
| Fusion Sport 4-Dr Sedan | $244 | $516 | $368 | $22 | $110 | $1,260 | $105 |
| Fusion SEL AWD 4-Dr Sedan | $272 | $594 | $368 | $22 | $110 | $1,366 | $114 |
| Fusion Sport AWD 4-Dr Sedan | $272 | $594 | $368 | $22 | $110 | $1,366 | $114 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in specific garaging location which can raise or lower prices significantly.
Higher deductibles save money
One common question asked by Louisville drivers is how high or low should comp and collision deductibles be. The premium rates below can help show the rate differences when you buy lower versus higher coverage deductibles. The first rate estimation uses a $250 deductible for comp and collision and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $252 | $426 | $326 | $20 | $98 | $1,147 | $96 |
| Fusion SE 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| Fusion Hybrid 4-Dr Sedan | $284 | $576 | $408 | $24 | $122 | $1,439 | $120 |
| Fusion SEL 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| Fusion Sport 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| Fusion SEL AWD 4-Dr Sedan | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| Fusion Sport AWD 4-Dr Sedan | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $206 | $342 | $326 | $20 | $98 | $992 | $83 |
| Fusion SE 4-Dr Sedan | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| Fusion Hybrid 4-Dr Sedan | $232 | $466 | $408 | $24 | $122 | $1,252 | $104 |
| Fusion SEL 4-Dr Sedan | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| Fusion Sport 4-Dr Sedan | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| Fusion SEL AWD 4-Dr Sedan | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| Fusion Sport AWD 4-Dr Sedan | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rate information does not factor in vehicle location which can lower or raise coverage rates significantly.
Based on these figures, using a $250 deductible will cost you approximately $15 more each month or $180 each year than requesting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you go at least 17 months between claims, you would come out ahead going with the higher deductible. The table below illustrates how you can make your own decision.
| Average monthly premium for $250 deductibles: | $108 |
| Average monthly premium for $500 deductibles (subtract): | – $93 |
| Monthly savings from raising deductible: | $15 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $15 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
The chart below highlights how deductible selection and can influence Ford Fusion insurance prices for different age groups of insureds. The data assumes a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Insurance premiums for males and females
The information below shows the difference between Ford Fusion car insurance costs for male and female drivers. The rate quotes are based on no accidents or driving violations, comprehensive and collision coverage, $250 deductibles, drivers are single, and no discounts are taken into consideration.
Full coverage or liability only
The diagram below shows the comparison of Ford Fusion premium costs when comparing full coverage to liability only. The prices are based on no claims or driving violations, $250 deductibles, drivers are single, and no other discounts are factored in.
When to stop buying physical damage coverage
There is no definitive rule that works best for making the decision to drop full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s assume your Ford Fusion replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,000 after you pay the deductible. If you are paying more than $600 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are some cases where dropping full coverage is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Seven Tips to Get More Affordable Louisville Insurance Prices
Lots of factors are used in the calculation when quoting car insurance. Most are fairly basic like an MVR report, but other criteria are more transparent such as your marital status or your financial responsibility. A large part of saving on car insurance is knowing the factors that help determine your policy premiums. If you have a feel for what impacts premium levels, this enables you to make decisions that will entitle you to lower car insurance prices.
The list below includes some of the most rate-impacting factors companies use to determine prices.
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Cautious drivers pay less – Having a clean driving record has a huge affect on how much you pay. Just one citation could increase your next policy renewal to the point where it’s not affordable. Drivers who don’t get tickets have lower premiums as compared to those with violations. Drivers who have flagrant violations like DUI or willful reckless driving are required to complete a SR-22 with their state in order to legally drive a vehicle.
The example below shows how traffic citations and fender-benders can raise Ford Fusion insurance rates for different categories of driver ages. The data assumes a single female driver, comp and collision included, $250 deductibles, and no discounts are factored in.
- Drivers with good credit save on car insurance – Having a bad credit score can be an important factor in calculating your car insurance rates. Drivers with high credit ratings tend to be more responsible and file fewer claims than those with poor credit scores. So if your credit score leaves room for improvement, you could pay less to insure your Ford Fusion by taking the time to improve your credit score.
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Expect high rates for teens – More mature drivers are proven to be safer behind the wheel, tend to file fewer claims, and usually have better credit. Beginning drivers have a tendency to be inattentive when at the wheel of a vehicle and because of this, their car insurance rates are much higher.
The chart below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.
- Do you have a tough employer? – Did you know your occupation can influence how much you pay for car insurance? Occupations such as fire fighters, police officers, and miners tend to have higher average rates because of high stress levels and lengthy work days. On the flip side, professions such as scientists, engineers and homemakers pay lower than average rates.
- File car insurance claims and pay more – If you tend to file frequent claims, you can pretty much guarantee higher rates. Insurance companies in Kentucky give the best rates to policyholders who are not frequent claim filers. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.
- Companies want multiple policies – Most larger companies allow discounts for people who carry more than one policy. It’s known as a multi-policy discount. The discount can add up to five, ten or even twenty percent. Even with this discount applied, it’s in your best interest to check prices from other companies to make sure you are getting the best deal.
- Location can modify price – Living in a rural area is a positive aspect if you are looking for the lowest rates. Fewer people means less chance of accidents and also fewer theft and vandalism claims. Residents of big cities have to deal with much more traffic and higher rates of accident claims. Spending more time driving can result in more accidents.
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Insurance losses for a Ford Fusion – Companies analyze the history of losses to determine a price that will be profitable for them. Vehicles that are shown to have higher prevalence or dollar amount of losses will cost more to insure. The next table illustrates the actual insurance loss data for Ford Fusion vehicles.
For each insurance policy coverage type, the statistical loss for all vehicles combined as an average is equal to 100. Percentage values below 100 imply a favorable loss record, while percentage numbers above 100 point to more frequent losses or larger claims.
Ford Fusion Insurance Loss Statistics Specific Ford Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford Fusion 2WD 110 95 108 116 111 105 Ford Fusion 4WD 115 85 120 88 77 71 Ford Fusion Hybrid 125 97 98 92 93 95 Ford Fusion Plug-in Hybrid 128 87 91 88 91 107 BETTERAVERAGEWORSEStatistics from IIHS.org for 2013-2015 Model Years
Lower-cost Ford Fusion insurance in Louisville
Auto insurance companies don’t always advertise all possible discounts very well, so the list below contains some of the more common and also the more inconspicuous discounts that may be available. If you are not receiving all the discounts you qualify for, you are paying more than you should be.
- Renewal Discounts – Some insurance companies give discounts for buying a policy prior to the expiration date on your current Fusion insurance policy. You can save around 10% with this discount.
- Federal Government Employee – Being employed by or retired from a federal job can save as much as 8% with certain companies.
- Driver Training Discounts – Successfully completing a defensive driver course could save 5% or more and make you a better driver.
- Paper-free Discount – Many insurance companies will give you a small discount for signing up online.
- Telematics Data Discounts – Louisville drivers who agree to allow data collection to scrutinize driving patterns by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system may get a rate reduction as long as the data is positive.
- Discounts for Safe Drivers – Drivers without accidents could pay up to 40% less as compared to drivers with claims.
- Driver’s Ed – It’s a good idea to have your young drivers participate in a local driver’s education class as it will make them better drivers and lower rates.
- Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents so you can save 10 percent or more.
- Discount for Low Mileage – Fewer annual miles on your Ford could qualify for slightly better prices than normal.
As is typical with insurance, most discount credits are not given to the whole policy. Most cut specific coverage prices like medical payments or collision. Even though the math looks like you could get a free insurance policy, you won’t be that lucky.
The information below illustrates the comparison of Ford Fusion insurance premiums with and without discounts applied to the policy rates. The data assumes a male driver, no violations or claims, Kentucky state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, safe-driver, homeowner, and claim-free discounts applied.
To see companies that offer multiple discounts in Kentucky, click here to view.
Local Louisville insurance agencies
Many drivers would rather talk to a local agent and that can be a great decision A good thing about getting online price quotes is that you can find lower rates and still choose a local agent. And providing support for local agencies is definitely important in Louisville.
For easy comparison, once you complete this simple form, your insurance data is emailed to insurance agents in Louisville that give free quotes for your coverage. You never need to contact an agency since price quotes are sent straight to your inbox. It’s the lowest rates AND an agent nearby. If you want to compare rates for a specific company, you would need to visit that company’s website and fill out the quote form the provide.
Not all auto insurance agents are the same
If you’re trying to find a reputable agency, there are a couple of types of insurance agents and how they work. Insurance agencies in Louisville may be either exclusive or independent.
Independent Insurance Agents
Agents in the independent channel are not employed by any specific company so they have the ability to put coverage through many different car insurance companies and find the cheapest car insurance rates. If your premiums go up, they simply move your policy to a different company and you won’t have to switch agencies.
If you are comparing car insurance prices, you will definitely want to include multiple independent agents to get the best comparison. They often place coverage with smaller regional carriers who may have lower rates.
Listed below is a short list of independent insurance agencies in Louisville who may be able to give you pricing information.
- Linda B Morton Insurance Agency
4600 Outer Loop – Louisville, KY 40219 – (502) 966-5637 – View Map - Schmidt Insurance Inc
7410 New La Grange Rd – Louisville, KY 40222 – (502) 429-0477 – View Map - Nationwide Insurance Ditsler Insurance Inc
1313 Lyndon Ln #102 – Louisville, KY 40222 – (502) 895-0812 – View Map
Exclusive Car Insurance Agents
Exclusive agencies work for only one company such as State Farm, Allstate, and Farm Bureau. They generally cannot provide other company’s prices so keep that in mind. Exclusive agencies are well schooled in insurance sales which helps them sell on service rather than price. Consumers frequently choose to use an exclusive agent primarily because of the brand legacy rather than low price.
The following is a short list of exclusive insurance agencies in Louisville that can give you rate quotes.
- Troy Coulter – State Farm Insurance Agent
4906 Outer Loop – Louisville, KY 40219 – (502) 964-2002 – View Map - David Franck – State Farm Insurance Agent
8217 Shelbyville Rd – Louisville, KY 40222 – (502) 339-1400 – View Map - Jeff Kleier – State Farm Insurance Agent
13303 Magisterial Dr – Louisville, KY 40223 – (502) 882-1855 – View Map
Finding the right insurance agency needs to be determined by more than just a cheap price. Any agent in Louisville should have no problem answering these questions:
- Does the agency support the community they serve?
- Do they regularly work with personal auto policies in Louisville?
- Do they carry Errors and Omissions coverage?
- In the event of vehicle damage, can you pick the collision repair facility?
- How experienced are they in personal risk management?
After receiving good responses to your questions and a low price estimate, most likely you have located an insurance agency that meets your needs to properly service your car insurance policy.
Smart consumers save more
Cost effective Ford Fusion insurance can be bought online and from local insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some companies don’t offer online price quotes and usually these smaller companies only sell coverage through local independent agents.
Throughout this article, we presented a lot of information how to lower your Ford Fusion insurance prices in Louisville. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. You may even find the lowest prices are with some of the lesser-known companies.
Drivers who switch companies do it for any number of reasons including being labeled a high risk driver, extreme rates for teen drivers, policy cancellation and even an unsatisfactory settlement offer. Regardless of your reason, finding a great new company is less work than it seems.
Steps to finding better rates for Ford Fusion insurance in Louisville
The best way to find low-cost prices for Ford Fusion insurance is to compare prices once a year from providers that insure vehicles in Louisville.
Step 1: Spend a few minutes and learn about what is in your policy and the things you can change to drop your rates. Many policy risk factors that increase rates such as accidents, traffic tickets, and a low credit score can be rectified by being financially responsible and driving safely.
Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from a single company like Progressive or Farmers Insurance, while independent agencies can give you price quotes for many different companies. Start a quote
Step 3: Compare the price quotes to your existing coverage and determine if there is any savings. If you find a better price and make a switch, make sure coverage does not lapse between policies.
Step 4: Provide written notification to your current company of your intention to cancel your current auto insurance policy and submit a signed application and payment for your new policy. As soon as you can, keep your new certificate verifying coverage with your vehicle’s registration.
One key aspect of rate comparisons is to use similar limits and deductibles on every quote request and and to compare as many companies as feasibly possible. Doing this provides a fair rate comparison and a better comparison of the market.
Helpful learning opportunities
- Child Safety FAQ (iihs.org)
- What Auto Insurance is Cheapest for a GMC Acadia in Louisville? (FAQ)
- Who Has the Cheapest Louisville Car Insurance for Retired Military? (FAQ)
- Who Has the Cheapest Car Insurance for a Toyota Camry in Louisville? (FAQ)
- Frontal Crash Tests (iihs.org)
- Think You’re a Safe Driver? (State Farm)
- Safety Belts FAQ (iihs.org)
- Determining Auto Insurance Rates (GEICO)