It takes a few minutes, but the best way to get budget auto insurance rates in Madison is to compare prices regularly from different companies who sell auto insurance in Wisconsin.
First, try to learn a little about what coverages are included in your policy and the things you can control to prevent high rates. Many risk factors that cause rate increases such as careless driving and a poor credit score can be improved by making minor driving habit or lifestyle changes. This article provides information to prevent rate hikes and get additional discounts that may have been overlooked.
Second, compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes for a wide range of companies. Start a quote
Third, compare the new rates to your existing policy and see if there is a cheaper rate. If you find a lower rate quote and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide notification to your current company of your intent to cancel the current policy. Submit a completed policy application and payment for the new coverage. When you receive it, keep your new certificate verifying coverage in an easily accessible location in your vehicle.
The key thing to remember is to use similar coverage information on every quote and and to get price quotes from as many different insurance providers as possible. This provides a fair price comparison and a better comparison of the market.
Everyone knows that auto insurance companies don’t want you quoting rates from other companies. Consumers who get price quotes annually are inclined to switch companies because of the high probability of finding a lower rate. A recent study showed that people who compared rates annually saved on average $3,450 over four years as compared to drivers who never shopped around for better prices.
If finding the lowest rates on insurance in Madison is your goal, then learning a little about the best way to shop and compare insurance can help you succeed in saving money.
Shop Ford Fusion insurance online
Most larger insurance companies such as State Farm and Allstate give insurance quotes direct online. Doing online quotes for Ford Fusion insurance in Madison is quite easy as all you need to do is type in the coverages you want as detailed in the form. Once you submit the form, their rating system automatically orders credit information and your driving record and provides a quote based on these factors.
This helps simplify price comparisons, and it is important to compare as many rates as possible if you want to get the lowest payment.
To save time and compare pricing, consider comparing rates from the companies shown below. If you have coverage now, it’s recommended you copy the coverages identical to your current policy. This ensures you will get rate quotes based on the exact same insurance coverage.
The companies shown below are ready to provide free quotes in Wisconsin. If you wish to find cheap auto insurance in Madison, we suggest you compare several of them in order to find the cheapest rates.
Coverage information
The coverage table shown below outlines estimates of policy rates for Ford Fusion models. Learning a little about how insurance policy rates are established can help you make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $194 | $410 | $278 | $16 | $84 | $982 | $82 |
| Fusion SE 4-Dr Sedan | $218 | $484 | $278 | $16 | $84 | $1,080 | $90 |
| Fusion Hybrid 4-Dr Sedan | $218 | $558 | $348 | $20 | $104 | $1,248 | $104 |
| Fusion SEL 4-Dr Sedan | $218 | $484 | $278 | $16 | $84 | $1,080 | $90 |
| Fusion Sport 4-Dr Sedan | $218 | $484 | $278 | $16 | $84 | $1,080 | $90 |
| Fusion SEL AWD 4-Dr Sedan | $244 | $558 | $278 | $16 | $84 | $1,180 | $98 |
| Fusion Sport AWD 4-Dr Sedan | $244 | $558 | $278 | $16 | $84 | $1,180 | $98 |
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Information does not factor in Madison location which can lower or raise prices greatly.
Poor driving habits will raise your insurance rates
The example below shows how violations and at-fault claims drive up Ford Fusion car insurance costs for each age group. The data assumes a single female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
Insurance is not optional
Despite the high cost of buying insurance for a Ford Fusion in Madison, maintaining insurance is required by state law in Wisconsin and it also provides benefits you may not be aware of.
- The majority of states have mandatory liability insurance requirements which means you are required to carry specific minimum amounts of liability coverage in order to drive the car. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Ford Fusion with a loan, almost every bank will require that you have insurance to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the bank may buy a policy for your Ford at a much higher rate and force you to pay for the expensive policy.
- Insurance protects your vehicle and your assets. It will also pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you are named as a defendant in an auto accident. If you have damage to your Ford as the result of the weather or an accident, your policy will cover the repair costs.
The benefits of buying enough insurance more than offset the price you pay, especially if you ever need it. An average driver in America is wasting up to $750 every year so it’s important to compare rates once a year at a minimum to make sure the price is not too high.
Insurance Price Influencing Factors
One of the most helpful ways to save on auto insurance is to to have a grasp of the factors that help calculate auto insurance rates. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that could help you find lower auto insurance prices. Multiple criteria are taken into consideration when you get your auto insurance bill. A few of the factors are predictable like a motor vehicle report, but other criteria are more obscure like where you live or your commute time.
Save money by having multiple policies – Some insurers afford discounts to buyers who have multiple policies with them such as combining an auto and homeowners policy. Discounts can be anywhere from five to ten percent in most cases. Even though this discount sounds good, you may still want to compare Ford Fusion rates in Madison to verify if the discount is saving money.
Where you call home – Being located in smaller towns and rural areas of the country can be a good thing when buying auto insurance. Drivers in populated areas regularly have congested traffic and longer commutes to work. Fewer people translates into fewer accident claims.
Save by staying claim free – Insurance companies in Wisconsin generally give discounts to drivers that do not abuse their auto insurance. If you file claims often, you can definitely plan on either higher rates or even cancellation. Your car insurance is designed for more catastrophic claims.
Low deductibles can be expensive – Coverage for physical damage, also known as collision and other-than-collision, covers your vehicle from damage. Some instances where coverage would apply could be collision with another vehicle, vandalism, and rolling your vehicle. Comp and collision deductibles are the amount of money you are willing to pay if a claim is determined to be covered. The more money you pay before a claim is paid (deductible), the bigger discount you will receive.
Don’t cut corners with liability protection – A critical coverage on your policy, liability insurance kicks in if ever you are ruled to be at fault for causing damage or personal injury in an accident. Liability insurance provides for a legal defense up to the limits shown on your policy. It is affordable coverage compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Ford Fusion claim probability – Insurers use statistical claims data when setting rates for each model. Vehicles that statistically have higher loss trends will cost more for specific coverages. The table shown below demonstrates the collected loss data for Ford Fusion vehicles.
For each policy coverage type, the loss probability for all vehicles combined as an average is equal to 100. Percentage numbers below 100 suggest a positive loss record, while numbers above 100 point to more frequent losses or a tendency for claims to be larger.
| Vehicle 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 |
Statistics from IIHS.org for 2013-2015 Model Years
When do I need an agent’s advice?
When it comes to choosing a policy, there isn’t really a cookie cutter policy. Every situation is different so this has to be addressed.
For instance, these questions may help you determine whether or not you would benefit from an agent’s advice.
- Am I covered if I have no license?
- What exactly is covered by my policy?
- How do I file an SR-22 for a DUI in Wisconsin?
- If my car is totaled with they pay enough to replace it?
- Is business equipment covered while in my vehicle?
- Can I make deliveries for my home business?
- Is my state a no-fault state?
- Should I have combined single limit or split liability limits?
- Does coverage extend to Mexico or Canada?
If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.
In Summary
We just covered a lot of ways to save on Ford Fusion insurance in Madison. The key thing to remember is the more rate quotes you have, the better your comparison will be. Consumers could even find that the best price on insurance is with some of the smallest insurance companies. They can often provide lower prices in certain areas compared to the large companies like Allstate or State Farm.
When buying insurance coverage, you should never sacrifice coverage to reduce premiums. There are too many instances where someone dropped collision coverage and discovered at claim time they didn’t have enough coverage. Your goal is to purchase a proper amount of coverage at the best price, but don’t skip important coverages to save money.
Additional information is available on the following sites:
- Choosing a Car for Your Teen (State Farm)
- What Auto Insurance is Cheapest for First-time Drivers in Madison? (FAQ)
- How Much are Auto Insurance Rates for Retired Military in Madison? (FAQ)
- Side Impact Crash Tests (iihs.org)
- How to Avoid Common Accidents (State Farm)
- Collision Coverage (Liberty Mutual)