Expensive insurance in Plano can dwindle your savings account and force you to make sacrifices.
Sadly, the vast majority of insurance customers have bought insurance from the same company for four years or more, and almost 40% of drivers have never quoted insurance rates at all. The average driver in Plano could save almost 70% every year by just comparing rate quotes, but they mistakenly think it’s difficult to compare rates and save money. Big companies like Allstate, Progressive and GEICO persitently shower you with fancy advertisements and it is challenging if not impossible to sift through the bull and effectively compare rates to find the best deal.
If you are already insured or are looking for a new policy, you can learn to reduce premiums without sacrificing coverage. Locating the best rates in Plano is quite easy if you know the best way to do it. Vehicle owners just have to use the most efficient way to compare prices online.
The companies shown below have been selected to offer free rate quotes in Texas. To find cheap auto insurance in Plano, we recommend you visit as many as you can in order to get a fair rate comparison.
Take these seven policy discounts and save on Ford Fusion Hybrid insurance in Plano
Insurance can cost an arm and a leg, but there are discounts available to help bring down the price. A few discounts will be applied when you complete an application, but less common discounts must be asked about before they will apply.
- Seat Belt Discounts – Using a seat belt and requiring all passengers to buckle their seat belts can save 10% or more off the personal injury premium cost.
- Professional Organizations – Being a member of a civic or occupational organization in Plano could qualify you for a break on your next renewal.
- Military Discounts – Being on active duty in the military could be rewarded with lower rates.
- Passive Restraints and Air Bags – Vehicles with factory air bags or automatic seat belts can qualify for discounts up to 30%.
- Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you a lower premium rate if you buy a life policy as well.
- Discounts for Cautious Drivers – Drivers who avoid accidents may save up to 50% more than drivers with accidents.
- Accident Free – Drivers who don’t have accidents have much lower rates in comparison to drivers who are more careless.
It’s important to understand that some credits don’t apply to your bottom line cost. Some only reduce specific coverage prices like liability, collision or medical payments. Even though it appears all the discounts add up to a free policy, it doesn’t quite work that way.
The diagram below shows the comparison of Ford Fusion Hybrid insurance premiums with and without discounts. The premiums assume a male driver, a clean driving record, no claims, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, safe-driver, marriage, multi-policy, and claim-free discounts applied.
Some of the insurance companies that have many of the previously listed discounts include:
Double check with each company which credits you are entitled to. Some of the discounts discussed earlier might not be available to policyholders in Plano. To choose providers who offer online Ford Fusion Hybrid insurance quotes in Plano, click this link.
The rate table shown below covers detailed analysis of rate quotes for Ford Fusion Hybrid models. Understanding how policy premiums are formulated is important to be able to make informed decisions when comparing rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Fusion Hybrid 4-Dr Sedan||$318||$788||$500||$30||$150||$1,786||$149|
|Get Your Own Custom Quote Go|
Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in specific zip code location which can lower or raise prices substantially.
The information below illustrates how your choice of deductibles and can increase or decrease Ford Fusion Hybrid insurance costs for different ages of insureds. The premium estimates are based on a married male driver, full physical damage coverage, and no discounts are applied to the premium.
How careless driving impacts Plano auto insurance rates
The information below demonstrates how traffic citations and at-fault claims can drive up Ford Fusion Hybrid auto insurance costs for different insured age categories. The prices are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are applied.
Full coverage versus liability-only in Plano
The illustration below illustrates the comparison of Ford Fusion Hybrid premium costs when comparing full coverage to state minimum liability only. The costs are based on a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are factored in.
When to stop buying full coverage
There is no set rule of when to stop paying for comp and collision coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let’s say your Ford Fusion Hybrid settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after the deductible is paid. If premium cost is more than $600 a year for your policy with full coverage, then it might be time to buy liability only.
There are a few situations where dropping full coverage is not a good idea. If you haven’t paid off your loan, you are required to maintain full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not opt for liability only.