If your goal is the lowest price, then the best way to get affordable Ford Fusion insurance is to begin comparing prices regularly from insurers who can sell car insurance in Anchorage. Prices can be compared by following these steps.
- Get a basic knowledge of how your policy works and the things you can change to keep rates down. Many things that cause high rates like speeding tickets, careless driving and a less-than-favorable credit score can be amended by improving your driving habits or financial responsibility. Later in this article we will cover tips to help keep prices low and get bigger discounts that may have been overlooked.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like Progressive or Allstate, while independent agencies can provide price quotes for many different companies.
- Compare the new rate quotes to your current policy premium and determine if cheaper Fusion coverage is available. If you can save money and make a switch, make sure coverage does not lapse between policies.
A valuable tip to remember is to use the same coverage limits and deductibles on each price quote and and to get quotes from as many companies as feasibly possible. Doing this enables an accurate price comparison and a complete price analysis.
It’s safe to assume that auto insurance companies want to prevent you from shopping around. People who compare rates at least once a year are inclined to buy a new policy because they stand a good chance of finding a lower-priced policy. A recent study showed that consumers who made a habit of comparing rate quotes saved over $3,400 over four years compared to those who never compared other company’s rates.
If saving the most money on car insurance is your goal, then having some knowledge of the best way to shop and compare coverages can save time and money.
If you have a current auto insurance policy, you should be able to get lower rates using this information. This information will teach you a little about the best methods to compare rates and how to save the most money. But Alaska consumers can benefit from knowing how the larger insurance companies set your policy premium.
Lower-cost Ford Fusion insurance rates in Anchorage
Buying car insurance is not cheap, but you might be missing out on some discounts that can dramatically reduce your bill. Larger premium reductions will be automatically applied when you get a quote, but some need to be requested specifically before you get the savings.
- Accident-Free Discounts – Insureds who avoid accidents and claims can earn big discounts compared to policyholders that have many claims.
- Save with More Vehicles Insured – Buying coverage for more than one vehicle with the same car insurance company can reduce the rates for all insured vehicles.
- Multiple Policy Discount – When you have multiple policies with the same company you will save at least 10 to 15 percent or more.
- Senior Citizens – Mature drivers can possibly qualify for reduced rates.
- Early Switch Discount – A few companies allow discounts for buying a new policy prior to your current Fusion insurance policy expiration. It’s a savings of about 10%.
While discounts sound great, it’s important to understand that most discounts do not apply to the entire policy premium. Most only apply to individual premiums such as medical payments or collision. So even though you would think adding up those discounts means a free policy, insurance companies wouldn’t stay in business.
The chart below illustrates the comparison of Ford Fusion insurance costs with and without discounts applied to the policy rates. The information is based on a female driver, no claims or driving citations, Alaska state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, claim-free, homeowner, and multi-car discounts applied.
Some of the insurance companies that possibly offer these discounts include:
When getting free Anchorage car insurance quotes, it’s a good idea to each insurance company which discounts you may be entitled to. Discounts might not apply in Anchorage. If you would like to choose from a list of providers that offer many of these discounts in Anchorage, click here to view.
To find more affordable rates, there are a couple of ways to compare prices from companies that offer insurance in Alaska. One of the best ways to comparison shop consists of shopping online.
When comparing insurance rates, know that having more price comparisons helps increase your odds of locating better pricing.
The companies in the list below offer free rate quotes in Anchorage, AK. In order to find the cheapest car insurance in Alaska, we suggest you compare several of them in order to find the most affordable rates.
Rates and other information
The premium information below showcases detailed analysis of insurance rates for Ford Fusion models. Being aware of how insurance policy rates are determined is important for drivers to make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $228 | $414 | $278 | $16 | $84 | $1,020 | $85 |
| Fusion SE 4-Dr Sedan | $256 | $488 | $278 | $16 | $84 | $1,122 | $94 |
| Fusion Hybrid 4-Dr Sedan | $256 | $562 | $346 | $20 | $104 | $1,288 | $107 |
| Fusion SEL 4-Dr Sedan | $256 | $488 | $278 | $16 | $84 | $1,122 | $94 |
| Fusion Sport 4-Dr Sedan | $256 | $488 | $278 | $16 | $84 | $1,122 | $94 |
| Fusion SEL AWD 4-Dr Sedan | $286 | $562 | $278 | $16 | $84 | $1,226 | $102 |
| Fusion Sport AWD 4-Dr Sedan | $286 | $562 | $278 | $16 | $84 | $1,226 | $102 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Rate information does not factor in vehicle garaging location which can revise premium rates noticeably.
Analysis of deductible levels
One of the most common car insurance questions is where to set your physical damage deductibles. The rates below highlight the rate differences when you choose different physical damage coverage deductibles. The first set of rates uses a $100 deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $234 | $422 | $272 | $16 | $82 | $1,051 | $88 |
| Fusion SE 4-Dr Sedan | $264 | $498 | $272 | $16 | $82 | $1,157 | $96 |
| Fusion Hybrid 4-Dr Sedan | $264 | $574 | $340 | $20 | $102 | $1,325 | $110 |
| Fusion SEL 4-Dr Sedan | $264 | $498 | $272 | $16 | $82 | $1,157 | $96 |
| Fusion Sport 4-Dr Sedan | $264 | $498 | $272 | $16 | $82 | $1,157 | $96 |
| Fusion SEL AWD 4-Dr Sedan | $294 | $574 | $272 | $16 | $82 | $1,263 | $105 |
| Fusion Sport AWD 4-Dr Sedan | $294 | $574 | $272 | $16 | $82 | $1,263 | $105 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $170 | $286 | $272 | $16 | $82 | $826 | $69 |
| Fusion SE 4-Dr Sedan | $192 | $336 | $272 | $16 | $82 | $898 | $75 |
| Fusion Hybrid 4-Dr Sedan | $192 | $388 | $340 | $20 | $102 | $1,042 | $87 |
| Fusion SEL 4-Dr Sedan | $192 | $336 | $272 | $16 | $82 | $898 | $75 |
| Fusion Sport 4-Dr Sedan | $192 | $336 | $272 | $16 | $82 | $898 | $75 |
| Fusion SEL AWD 4-Dr Sedan | $214 | $388 | $272 | $16 | $82 | $972 | $81 |
| Fusion Sport AWD 4-Dr Sedan | $214 | $388 | $272 | $16 | $82 | $972 | $81 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Table data does not factor in specific location which can change premium rates significantly.
Based on this data, using a $100 deductible costs an average of $21 more each month or $252 each year than requesting the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you average at a minimum 19 months between claims, you would probably come out ahead by going with a higher deductible.
Full coverage rates compared to liability-only
The chart below illustrates the comparison of Ford Fusion insurance prices with liability coverage only compared to full coverage. The price estimates are based on no claims, a clean driving record, $250 deductibles, drivers are single, and no discounts are taken into consideration.
Guidelines for eliminating full coverage
There is no exact formula for phasing out full coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s say your Ford Fusion book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after the deductible is paid. If it’s costing in excess of $600 a year for physical damage coverage, then you might consider buying liability only.
There are a few cases where only buying liability is not a good plan. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage in place.
The Ford Fusion Insurance Rate Equation
When buying auto insurance it’s important to understand the different types of things that play a part in calculating your premiums. If you have some idea of what controls the rates you pay, this enables you to make decisions that could result in lower auto insurance prices.
- Stay claim-free and save – Insurance companies in Alaska provide cheaper rates to drivers who do not file claims often. If you file a lot of claims you can pretty much guarantee increased rates or even have your policy non-renewed. Your insurance policy is designed for major claims that would cause financial hardship.
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Obey driving laws and save – Just one moving violation can increase the cost of insurance twenty percent or more. Attentive drivers pay less for auto insurance as compared to careless drivers. Drivers who get flagrant citations like hit and run, DWI or reckless driving convictions might be required by their state to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to prevent their license from being revoked.
The illustration below illustrates how traffic citations and fender-benders can influence Ford Fusion insurance costs for each age group. The premiums assume a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
- What are your comp and collision deductibles? – The deductibles you choose define how much you are willing to pay if you file a covered claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some coverage claims could be a windshield broken by a bird, fire damage, and having a roll-over accident. The more you are required to pay out-of-pocket, the lower your rates will be.
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Younger vs. experienced drivers – Mature drivers are proven to be safer behind the wheel, statistically cause fewer accidents, and get fewer tickets. Drivers with little experience are proven to get distracted easily when driving with friends so auto insurance rates are higher.
The following data assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.
- Married drivers pay less – Having a significant other helps lower the price on your auto insurance policy. Marriage is viewed as being less irresponsible and it’s proven that married couples file fewer claims.
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Insurance losses for a Ford Fusion – Insurers factor in historical loss data to calculate a price that offsets possible losses. Models that historically have higher claim amounts or frequency will have a higher premium rate. The next table shows the collected loss data for Ford Fusion vehicles.
For each policy coverage type, the claim probability for all vehicles compiled together is considered to be 100. Percentage values below 100 suggest a positive loss record, while values over 100 show a trend for more claims or a tendency for claims to be larger.
Ford Fusion Insurance Loss Statistics Vehicle Make and 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
What if I want to buy from local Anchorage insurance agencies?
Some people just want to go talk to an agent and often times that is recommended An additional benefit of getting free rate quotes online is that drivers can save money and get cheap insurance rates and still buy from a local agent. Supporting neighborhood agents is important particularly in Anchorage.
For easy comparison, once you complete this form (opens in new window), your coverage information is immediately sent to agents in your area who want to provide quotes for your insurance coverage. You don’t have to leave your computer as quotes are delivered directly to you. You can find the lowest rates without the usual hassles of price shopping. If for some reason you want to compare rates from a specific insurance company, don’t hesitate to search and find their rate quote page to submit a rate quote request.
Pick the best auto insurance agent in Anchorage for you
When searching for a local agent, you must know there are a couple types of insurance agents and how they operate. Insurance policy providers are classified as either exclusive agents or independent agents.
Independent Agents (or Brokers)
Independent insurance agents are not locked into one company and that allows them to write policies with lots of companies and find you the best rates. If they quote lower rates, the agent simply finds a different carrier which requires no work on your part.
When comparing insurance prices, we highly recommend that you get quotes from at least one independent agent to have the most options to choose from. Most also write with smaller regional carriers which may have better rates.
Listed below are Anchorage independent insurance agencies who may provide pricing information.
- Alaska Pacific Insurance Agency dba: APIA Insurance
912 E 15th Ave #100 – Anchorage, AK 99501 – (800) 890-5563 – View Map - Integrity Insurance Agency
1505 W 34th Ave – Anchorage, AK 99503 – (844) 878-0258 – View Map - Kevin Dykman Agency
4450 Cordova St #120 – Anchorage, AK 99503 – (907) 563-5300 – View Map
Exclusive Agencies
Exclusive agents write business for a single company like State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents are unable to give you multiple price quotes so they have no alternatives for high prices. Exclusive agents receive extensive training on what they offer which aids in selling service over price. Drivers often use the same agent mostly because of the prominence of the brand and strong financial ratings.
Listed below is a list of exclusive insurance agents in Anchorage willing to provide rate quotes.
- GEICO Insurance Agent
1830 E Parks Hwy a116 – Wasilla, AK 99654 – (907) 631-6001 – View Map - Lisa Sanders – State Farm Insurance Agent
8427 Laviento Dr #201 – Anchorage, AK 99515 – (907) 344-0506 – View Map - Dave Strike – State Farm Insurance Agent
2213 E Tudor Rd #54 – Anchorage, AK 99507 – (907) 562-2721 – View Map
Picking an auto insurance agent is decision based upon more than just the premium amount. You should also get answers to these questions.
- Do they see any coverage gaps in your plan?
- How often do they review coverages?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- How will an accident affect your rates?
- Do they offer claims assistance after hours?
Once you have satisfactory answers to your questions as well as inexpensive Ford Fusion insurance in Anchorage quotes, chances are good that you have found an insurance agent that can provide insurance coverage.
Why do I need car insurance?
Despite the high insurance cost for a Ford Fusion in Anchorage, paying for car insurance may be required for several reasons.
- Just about all states have mandatory insurance requirements which means you are required to buy a specific minimum amount of liability insurance in order to drive the car legally. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Ford, most banks will force you to buy insurance to guarantee loan repayment. If you default on your policy, the lender will be forced to insure your Ford for a much higher rate and require you to reimburse them for the much more expensive policy.
- Car insurance protects both your assets and your Ford. It will also reimburse you for most medical and hospital costs that are the result of an accident. As part of your policy, liability insurance also covers legal expenses if someone files suit against you as the result of an accident. If your Ford gets damaged, collision and comprehensive coverages will pay to have it repaired.
The benefits of having insurance definitely exceed the price paid, particularly for liability claims. But the average driver in Alaska is currently overpaying as much as $825 a year so it’s very important to do a rate comparison once a year at a minimum to make sure the price is not too high.
Car insurance companies ranked
Ending up with a good quality auto insurance company can be challenging considering how many different companies there are to choose from in Alaska. The ranking information in the lists below can help you choose which car insurance providers to look at shopping your coverage with.
Top 10 Anchorage Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- GEICO – 89%
- The Hartford – 89%
- The General – 88%
- 21st Century – 88%
- Allstate – 88%
- Liberty Mutual – 88%
- Esurance – 87%
Smart consumers save more
Throughout this article, we presented a lot of techniques to lower your Ford Fusion insurance premium rates in Anchorage. It’s most important to understand that the more rate quotes you have, the better likelihood of getting the cheapest Ford Fusion rate quotes. You may even be surprised to find that the lowest priced insurance comes from an unexpected company.
When searching for affordable Ford Fusion insurance quotes, it’s not a good idea to buy less coverage just to save a little money. There are many occasions where someone dropped full coverage and found out when filing a claim that they should have had better coverage. Your goal should be to buy a smart amount of coverage at the best possible price while not skimping on critical coverages.
Insureds change insurance companies for any number of reasons including poor customer service, policy non-renewal, extreme rates for teen drivers and even questionable increases in premium. Regardless of your reason, choosing a new insurance company can be easier than you think.
More detailed insurance information can be found in the articles below:
- Insuring a Leased Car (Insurance Information Institute)
- Who Has Cheap Anchorage Car Insurance Rates for 4×4 Vehicles? (FAQ)
- Who Has the Cheapest Anchorage Auto Insurance Rates for Drivers Over Age 70? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers with a DUI in Anchorage? (FAQ)
- What Car Insurance is Cheapest for a Learners Permit in Anchorage? (FAQ)
- What Car Insurance is Cheapest for Active Military in Anchorage? (FAQ)
- Keeping Children Safe in Crashes Video (iihs.org)
- Crash Avoidance Technologies FAQ (iihs.org)