Buying the cheapest Lexington Ford Fusion insurance quotes on the internet might seem intimidating for people not familiar with price shopping online. With so many agents and companies in the marketplace, how can people have a chance to compare each option to find cheaper insurance rates?
A recent insurance study discovered that almost 70% of insureds have been with the same company for at least four years, and approximately 40% of consumers have never compared rate quotes at all. Kentucky drivers could save 30% each year by just comparing quotes, but they just don’t understand the amount of savings they would get if they replace their high priced policy.
Locating the best insurance company for you in Lexington can be made easier if you know where to look. If you have coverage now, you stand a good chance to be able to shop for the lowest rates using the ideas covered in this article. But Kentucky drivers should learn the methods companies use to sell online and apply this information to your search.
How to buy Ford Fusion insurance in Lexington, KY
Most larger insurance companies make it easy to get prices for coverage on the web. Doing online quotes for Ford Fusion insurance in Lexington is easy for anyone as you simply enter your required coverages on the page. After the form is submitted, their system sends out for your driving record and credit report and returns pricing information determined by many factors.
Being able to quote online for Ford Fusion insurance in Lexington streamlines rate comparisons, and it is important to have as many quotes as possible if you want to find a better rate.
To save time and compare pricing, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you duplicate deductibles and limits as shown on your current policy. Using the same limits helps guarantee you will have a fair comparison for similar insurance coverage.
The following companies offer price quotes in Lexington, KY. If you wish to find the best cheap auto insurance in Lexington, KY, we suggest you compare several of them to get the best price comparison.
Rates and data analysis
The price information shown next covers different insurance coverage prices for Ford Fusion models. Being aware of how policy premiums are established can help customers make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Fusion S 4-Dr Sedan | $230 | $392 | $336 | $20 | $100 | $1,078 | $90 |
| Fusion SE 4-Dr Sedan | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| Fusion Hybrid 4-Dr Sedan | $260 | $530 | $420 | $24 | $126 | $1,360 | $113 |
| Fusion SEL 4-Dr Sedan | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| Fusion Sport 4-Dr Sedan | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| Fusion SEL AWD 4-Dr Sedan | $288 | $530 | $336 | $20 | $100 | $1,274 | $106 |
| Fusion Sport AWD 4-Dr Sedan | $288 | $530 | $336 | $20 | $100 | $1,274 | $106 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rate quotes do not factor in zip code location which can change prices substantially.
The information below shows how choosing a deductible and can affect Ford Fusion annual premium costs for different age groups. The information is based on a married male driver, comprehensive and collision coverage, and no discounts are applied.
Driving violations and accidents
The diagram below illustrates how violations and accident claims can drive up Ford Fusion insurance prices for each different age category. The premiums are based on a single male driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
Liability only or full coverage
The information below shows the comparison of Ford Fusion car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. The rates are based on no claims, a clean driving record, $100 deductibles, drivers are single, and no other discounts are factored in.
When to drop full coverage
There is no set guideline of when to drop physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s say your Ford Fusion replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after paying the physical damage deductible. If you are currently paying more than $400 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where eliminating full coverage is not advised. If you haven’t paid off your loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.
Ten discounts for lower-cost insurance rates
Auto insurance companies don’t necessarily list all discounts in an easy-to-find place, so the next list breaks down a few of the more common and the harder-to-find ways to save on insurance.
- Own a Home – Owning your own home or condo can save you money because of the fact that having a home demonstrates responsibility.
- Discounts for Good Drivers – Drivers who don’t get into accidents can pay as much as 50% less compared to accident prone drivers.
- Accident Forgiveness – Not really a discount, but some companies like Liberty Mutual, Allstate and State Farm permit an accident before your rates go up as long as you don’t have any claims prior to being involved in the accident.
- No Claim Discounts – Good drivers with no accidents can earn big discounts in comparison with insureds who have frequent claims or accidents.
- Discounts for Seat Belt Usage – Forcing all vehicle occupants to use a seat belt could cut 10% or more off the personal injury premium cost.
- Early Signing – Some insurance companies give discounts for signing up prior to your current Fusion insurance policy expiring. It can save you around 10%.
- Passive Restraints – Cars that have air bags can receive discounts of 25 to 30%.
- Theft Deterrent System – Vehicles with anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
- Senior Citizen Discount – If you’re over the age of 55, you can possibly qualify for a slight reduction on a Lexington car insurance quote.
- Savings for New Vehicles – Adding a new car to your policy can cost up to 25% less due to better safety requirements for newer models.
Consumers should know that most discounts do not apply to all coverage premiums. Most only cut individual premiums such as physical damage coverage or medical payments. So when it seems like adding up those discounts means a free policy, you won’t be that lucky.
The diagram below compares Ford Fusion yearly insurance costs with and without discounts applied to the policy premium. The premiums are based on a female driver, no claims or driving citations, Kentucky state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, multi-car, multi-policy, and homeowner discounts applied.
A list of companies and a selection of discounts are:
- State Farm may include discounts for defensive driving training, driver’s education, good driver, Drive Safe & Save, multiple policy, multiple autos, and passive restraint.
- GEICO policyholders can earn discounts including anti-theft, good student, multi-policy, federal employee, and emergency military deployment.
- Progressive offers discounts for multi-policy, online signing, homeowner, continuous coverage, and multi-vehicle.
- 21st Century discounts include teen driver, air bags, theft prevention, driver training, automatic seat belts, anti-lock brakes, and good student.
- American Family may have discounts that include air bags, good student, good driver, Steer into Savings, bundled insurance, multi-vehicle, and TimeAway discount.
- The Hartford may offer discounts for bundle, good student, vehicle fuel type, anti-theft, and driver training.
- AAA includes discounts for multi-car, multi-policy, anti-theft, good student, AAA membership discount, good driver, and education and occupation.
Double check with each company or agent to give you their best rates. Some discounts might not be available to policyholders in every state. To see a list of insurance companies that provide some of the discounts listed above in Lexington, follow this link.
Auto insurance is not optional in Kentucky
Despite the fact that auto insurance is not cheap in Lexington, maintaining insurance may be required for several reasons.
- The majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific level of liability protection in order to be legal. In Kentucky 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 have a loan on your vehicle, more than likely the lender will make it mandatory that you have comprehensive coverage to guarantee their interest in the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your Ford at a much higher rate and make you pay for it.
- Insurance safeguards both your Ford and your personal assets. It will also provide coverage for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability coverage will also pay to defend you in the event you are sued. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of having auto insurance more than offset the price you pay, particularly when you have a large claim. In a recent study of 1,000 drivers, the average customer is wasting up to $865 each year so compare quotes from several companies at every renewal to ensure rates are inline.
When to get advice from an insurance agent
Certain consumers just prefer to sit down with an agent and that can be a great decision The best thing about getting online price quotes is that you can obtain better rates and still choose a local agent.
Upon completion of this quick form, your information is sent to agents in your area that provide free Lexington car insurance quotes to get your business. It makes it easy because there is no need to search for any insurance agencies since rate quotes are delivered straight to your inbox. Get lower rates AND a local agent. In the event you want to get a rate quote from one company in particular, you can always find their quoting web page and complete a quote there.
Finding the right provider is decision based upon more than just the quoted price. Any agent in Lexington should have no problem answering these questions:
- Can they provide you with a list of referrals?
- Does the agent have a valid license to sell insurance in Kentucky?
- If independent agents, which companies do they recommend?
- Are you getting all the discounts the company offers?
- How often do they review policy coverages?
- How are they compensated?
- Do they prorate repair cost based on vehicle mileage?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
When looking for a local insurance agency, there are two different types of agencies and how they function. Car insurance policy providers may be either independent agents or exclusive agents.
Exclusive Car Insurance Agencies
Agents in the exclusive channel can only quote rates from one company such as Farmers Insurance, State Farm, Allstate, and AAA. They generally cannot give you multiple price quotes so you need to shop around if the rates are high. Exclusive agencies are trained well on their company’s products which helps them compete with independent agents. A lot of people choose to use a exclusive agent partially due to loyalty to the company rather than having the cheapest rates.
Shown below is a list of exclusive insurance agencies in Lexington that are able to give price quote information.
- Shelter Insurance – Dawan Hart
2050 Regency Rd – Lexington, KY 40503 – (859) 276-2661 – View Map - GEICO Insurance Agent
3100 Old Todds Rd #110 – Lexington, KY 40509 – (859) 286-8655 – View Map - Keith Renfro – State Farm Insurance Agent
3101 Clays Mill Rd Suite 402 – Lexington, KY 40503 – (859) 278-8415 – View Map
Independent Agents (or Brokers)
Independent agencies are not limited to a single company and that is an advantage because they can write policies through many companies and find you the best rates. If your agent finds better pricing, the business is moved internally and you can keep the same agent. When comparing car insurance prices, we recommend you check rates from several independent insurance agents for maximum quote selection. Most also have access to small mutual carriers that many times have cheaper rates.
Shown below are Lexington independent insurance agencies who can help you get rate quotes.
- Forcht Insurance Agency
2721 Old Rosebud Rd – Lexington, KY 40509 – (859) 335-0237 – View Map - Nationwide Insurance: Tim Hamilton Insurance Agency Inc
401 Lewis Hargett Cir #130 – Lexington, KY 40503 – (859) 276-1234 – View Map - Carpenter-Warren Insurance Inc
271 W Short St # 304 – Lexington, KY 40507 – (859) 252-6691 – View Map
Car insurance policy coverages for a Ford Fusion
Learning about specific coverages of your car insurance policy can help you determine which coverages you need and the correct deductibles and limits. Car insurance terms can be confusing and coverage can change by endorsement.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for funeral costs, nursing services, surgery and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and damage to your Ford Fusion.
Due to the fact that many Kentucky drivers only carry the minimum required liability limits (Kentucky limits are 25/50/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.
Comprehensive auto coverage
This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like vandalism, hitting a deer, damage from flooding, theft and hitting a bird. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Liability coverages
Liability coverage will cover damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/10 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $10,000 paid for damaged property.
Liability can pay for things such as repair bills for other people’s vehicles, court costs and loss of income. How much coverage you buy is your choice, but buy higher limits if possible. Kentucky state law requires minimum liability limits of 25/50/10 but drivers should carry more coverage.
The illustration below shows why buying low liability limits may not be high enough to adequately cover claims.
Coverage for collisions
This coverage covers damage to your Fusion resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as hitting a parking meter, driving through your garage door, colliding with a tree, rolling your car and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible on your Fusion to save money on collision insurance.