Auto Insurance Quotes for a Ford Fusion in Oklahoma City

The easiest way to find low-cost prices for Ford Fusion insurance is to regularly compare prices from providers who sell auto insurance in Oklahoma City. This can be done by following these steps.

Step 1: Take a little time to learn about how insurance works and the things you can control to prevent rate increases. Many rating factors that increase rates like traffic tickets, fender benders, and a low credit score can be rectified by making small lifestyle or driving habit changes. Keep reading for additional tips to prevent high rates and find available discounts that you may qualify for.

Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like GEICO and State Farm, while independent agents can provide rate quotes for many different companies.

Step 3: Compare the new quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate, ensure there is no coverage lapse between policies.

Step 4: Give notification to your current company of your intention to cancel the current policy. Submit any necessary down payment along with the completed application for your new policy. Immediately upon receiving it, safely store the certificate of insurance in your glove compartment.

The key thing to know about shopping around is to use the same amount of coverage on every price quote and and to compare as many companies as you can. Doing this helps ensure a level playing field and the best price quote selection.

Astonishing but true, 70% of consumers renewed their policy with the same company for over three years, and roughly 40% of drivers have never shopped around. The average driver in Oklahoma could pocket about 35% a year by just shopping around, but they just don’t understand how easy it is to save money by comparing rate quotes.

The companies in the list below are ready to provide price comparisons in Oklahoma City, OK. If multiple providers are shown, we recommend you get rate quotes from several of them to get the best price comparison.

Why do I need car insurance?

Despite the high insurance cost for a Ford Fusion in Oklahoma City, paying for auto insurance is mandatory in Oklahoma but it also protects more than you think.

• Just about all states have mandatory insurance requirements which means state laws require specific limits of liability if you want to drive legally. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a lien on your Ford, almost all lenders will have a requirement that you buy full coverage to guarantee their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Ford at a much higher premium rate and make you pay the higher premium.
• Insurance protects both your car and your personal assets. It will also cover many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.

The benefits of carrying enough insurance definitely exceed the cost, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer overpays more than $750 every year so smart consumers compare quotes every year to make sure the price is not too high.

Rate information and statistics

The premium table shown next highlights different prices for Ford Fusion models. Learning as much as possible about how insurance premiums are formulated can assist in making smart choices when purchasing an insurance policy.

Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Rate information does not factor in specific location which can impact coverage prices substantially.

Car insurance prices based on gender

The example below compares Ford Fusion insurance costs for male and female drivers. The rate quotes are based on a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, drivers are not married, and no policy discounts are applied.

Full coverage versus liability-only in Oklahoma City

The illustration below shows the comparison of Ford Fusion insurance rates with full coverage compared to only the Oklahoma minimum liability coverage. The data assumes no violations or accidents, $500 deductibles, marital status is single, and no additional discounts are factored in.

When to drop full coverage

There is no definitive guideline to delete physical damage insurance, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s pretend your Ford Fusion replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $4,000 after paying your deductible. If premiums are more than $400 a year for full coverage, then you may need to consider dropping full coverage.

There are some conditions where eliminating full coverage is not advised. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Verify you’re earning every discount

Not many people think insurance is cheap, but discounts can save money and there are some available that can dramatically reduce your bill. Some of these discounts will be visible when you complete an application, but some need to be asked for before they will apply.

• Senior Discount – If you’re over the age of 55, you are able to get lower premium rates.
• ABS and Traction Control Discounts – Cars and trucks that have anti-lock braking systems can reduce accidents and the ABS can save up to 10%.
• Onboard Data Collection – Policyholders that allow their car insurance company to spy on when and where they use their vehicle through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive may get a rate reduction as long as the data is positive.
• Sign Early and Save – A few car insurance companies allow discounts for buying a policy before your current coverage expires. This can save 10% or more.
• New Vehicle Savings – Buying car insurance coverage on a new vehicle can cost up to 25% less because newer vehicles have to meet stringent safety requirements.
• Defensive Driver Discount – Taking time to complete a defensive driver course could possibly earn you a 5% discount if your company offers it.
• Passenger Safety Discount – Vehicles equipped with air bags and/or automatic seat belt systems may get savings of 20% or more.
• Accident Waiver – Not necessarily a discount, but companies like Allstate, Progressive, and GEICO will forgive one accident without the usual rate increase with the catch being you have to be claim-free for a certain period of time.
• Low Mileage – Maintaining low annual mileage could qualify for lower prices on the low mileage vehicles.
• Payment Method – By making one initial payment instead of paying each month you may have a lower total premium amount.

As a sidenote, some credits don’t apply to your bottom line cost. Some only apply to the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, it’s just not the way it works. But all discounts will definitely reduce the cost of coverage.

The illustration below shows the difference between Ford Fusion insurance costs with and without discounts applied. The rate quotes are based on a male driver, no violations or claims, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, multi-policy, homeowner, safe-driver, and claim-free discounts applied.

A list of companies and a selection of discounts are shown below.

• GEICO policyholders can earn discounts including federal employee, seat belt use, defensive driver, membership and employees, and five-year accident-free.
• MetLife discounts include good driver, accident-free, claim-free, multi-policy, good student, defensive driver
• State Farm offers discounts including anti-theft, driver’s education, defensive driving training, Steer Clear safe driver discount, multiple policy, passive restraint, and safe vehicle.
• Progressive may have discounts that include continuous coverage, multi-policy, homeowner, online quote discount, multi-vehicle, and online signing.
• Mercury Insurance may include discounts for accident-free, good driver, multi-car, location of vehicle, type of vehicle, age of vehicle, and good student.
• 21st Century has savings for good student, theft prevention, anti-lock brakes, automatic seat belts, and 55 and older.
• Allstate includes discounts for new car, premier discount, early signing, EZ pay plan discount, economy car, 55 and retired, and anti-lock brakes.

If you need lower rates, check with each company or agent what discounts are available to you. Savings may not be offered everywhere. To see a list of providers that offer some of these discounts in Oklahoma, follow this link.

Situations that may require an agent’s advice

Always remember that when buying proper insurance coverage, there really is not a one size fits all plan. Every insured’s situation is different.

For instance, these questions may help you determine whether your personal situation may require specific advice.

• Are all vehicle passengers covered by medical payments coverage?
• Am I covered when driving in Canada or Mexico?
• What is high-risk coverage and where do I buy it?
• Is there coverage for my trailer?
• Should I file a claim if it’s only slightly more than my deductible?
• What happens if I owe more than my Ford Fusion is worth?
• Which companies will insure me after a DUI?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form. It is quick, free and may give you better protection.