Feel like you’re a prisoner to an underperforming, overpriced auto insurance policy? Trust us when we tell you there are lots of people in the same boat. Online insurance companies like Allstate, Liberty Mutual and State Farm all promote huge savings with TV and radio ads and it is difficult to not get sucked in by the cute commercials and effectively compare rates to find the best deal.
If you have a policy now or are shopping for new coverage, you can learn to get lower rates while maximizing coverage. Finding affordable coverage is not that difficult. Vehicle owners just need to know how to shop online.
Companies that sell car insurance don’t always publicize all available discounts in a way that’s easy to find, so we researched both well-publicized as well as the least known car insurance savings. If you aren’t receiving every discount you deserve, you are paying more than you should be.
As a disclaimer on discounts, some credits don’t apply to all coverage premiums. Most only reduce the price of certain insurance coverages like comp or med pay. Even though it may seem like you would end up receiving a 100% discount, companies don’t profit that way.
A partial list of companies that may have some of the above discounts include:
It’s a good idea to ask each insurance company which discounts you may be entitled to. Discounts might not apply in your state.
When buying coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions can aid in determining if your insurance needs might need professional guidance.
If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Having a good grasp of auto insurance helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. These are typical coverage types available from auto insurance companies.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance pay for expenses for things like nursing services, funeral costs, doctor visits and pain medications. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage
Collision insurance pays for damage to your Fusion Hybrid resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as backing into a parked car, colliding with a tree, hitting a mailbox, rolling your car and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to choose a higher deductible to save money on collision insurance.
Comprehensive auto coverage
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things like hail damage, a tree branch falling on your vehicle, theft and damage from getting keyed. The most your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Ford Fusion Hybrid.
Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Liability car insurance
This will cover damage that occurs to a person or their property in an accident. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage pays for things like bail bonds, funeral expenses, attorney fees and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.
While you’re price shopping online, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many cases, an insured cut physical damage coverage to discover at claim time that the small savings ended up costing them much more. The aim is to find the BEST coverage for the lowest price while not skimping on critical coverages.
We just showed you some good ideas how to save on 2013 Ford Fusion Hybrid insurance. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may discover the best price on insurance coverage is with some of the smallest insurance companies. These smaller insurers can often provide lower rates in certain areas as compared to the big name companies such as Progressive and Geico.
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