Affordable Insurance for a Ford Fusion Hybrid in Anchorage

It’s hard to fathom, but the majority of drivers have remained with the same auto insurance company for at least four years, and nearly half have never even shopped around for affordable coverage. Alaska consumers could save as much as $400 every year, but they don’t know the rate savings if they switched to a more affordable policy.

Insurance quote for Ford Fusion Hybrid in AnchorageThe most effective way to find discount car insurance rates in Anchorage is to regularly compare prices from companies in Alaska. Price quotes can be compared by following these guidelines.

One bit of advice is to use identical coverage information on every quote and and to analyze as many car insurance companies as possible. Doing this ensures the most accurate price comparison and a complete price analysis.

Finding a lower price on Ford Fusion Hybrid insurance can be relatively painless. The only thing you need to do is spend a few minutes on the computer comparing rate quotes to see which company has affordable Ford Fusion Hybrid insurance quotes.

The providers in the list below are ready to provide free rate quotes in Alaska. If multiple companies are listed, it’s highly recommended you get price quotes from several of them in order to find the most affordable rates.

Lower rates by qualifying for discounts

Insurance can be prohibitively expensive, but you might find some hidden discounts to help bring down the price. Some of these discounts will be visible when you get a quote, but once in a while a discount must be requested specifically in order for you to get them.Cheaper insurance with discounts

Please keep in mind that most credits do not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

The diagram below illustrates the comparison of Ford Fusion Hybrid car insurance costs with and without discounts applied to the premium. The data assumes a male driver, no driving violations, no at-fault accidents, 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 marriage, multi-policy, claim-free, homeowner, safe-driver, and multi-car discounts applied.

The best insurance companies and some of their more popular discounts can be read below.

When comparing rates, check with every prospective company which discounts they offer. Some of the earlier mentioned discounts might not be offered in your state.

Rates and data analysis

The information below highlights detailed analysis of rate quotes for Ford Fusion Hybrid models. Having knowledge of how auto insurance policy rates are formulated can be valuable when making informed decisions when comparing rates.

Ford Fusion Hybrid Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion Hybrid 4-Dr Sedan $150 $330 $326 $20 $98 $924 $77
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Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Premium amounts do not factor in specific location information which can affect premium rates greatly.

Higher deductibles save money

One of the hardest decisions when shopping for auto insurance is at what level do you set your deductibles. The figures shown below may help to conceptualize the differences in price of buying low and high physical damage deductibles. The first data set uses a $100 deductible for physical damage and the second price chart uses a $1,000 deductible.

Ford Fusion Hybrid insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion Hybrid 4-Dr Sedan $264 $574 $340 $20 $102 $1,325 $110
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Ford Fusion Hybrid insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Fusion Hybrid 4-Dr Sedan $146 $302 $340 $20 $102 $910 $76
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Information does not factor in specific location which can increase or decrease auto insurance rates considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs approximately $34 more each month or $408 for a full year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 26 months between claims, you would come out ahead if you decide on a higher deductible. Here is an example of how this calculation is made.

Average monthly premium for $100 deductibles: $110
Average monthly premium for $1,000 deductibles (subtract): – $76
Monthly savings from raising deductible: $34
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

One thing to be aware of is that increasing deductibles to lower your rates means you will have to pay more if you have a claim. That will require some extra funds in the event you have to pay more for the deductible.

The chart below illustrates how choosing a deductible and can increase or decrease Ford Fusion Hybrid premium costs for different categories of driver ages. The prices are based on a married male driver, comp and collision included, and no discounts are taken into consideration.

Full coverage versus liability only rates

The chart below shows the difference between Ford Fusion Hybrid insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Alaska. The premium estimates are based on no violations or claims, $1,000 deductibles, single status, and no discounts are taken into consideration.

Are you wasting money paying for full coverage?

There is no exact rule to stop paying for physical damage coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s pretend your Ford Fusion Hybrid replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,000 after the policy deductible has been paid. If premiums are more than $600 annually for full coverage, then it may be the right time to buy liability only.

There are some scenarios where only buying liability is not advised. If you haven’t satisfied your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

Which car insurance company is best in Anchorage?

Ending up with a high-quality insurance provider can be challenging considering how many companies there are to choose from in Alaska. The rank data listed below could help you pick which auto insurance companies you want to consider when shopping around.

Top 10 Anchorage Car Insurance Companies Ranked by Customer Service

  1. State Farm
  2. GEICO
  3. The Hartford
  4. Progressive
  5. The General
  6. Allstate
  7. American Family
  8. AAA Insurance
  9. Liberty Mutual
  10. Farmers Insurance

Top 10 Anchorage Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. State Farm – A++
  3. GEICO – A++
  4. Esurance – A+
  5. Allstate – A+
  6. Progressive – A+
  7. The Hartford – A+
  8. The General – A-
  9. AAA Insurance – A
  10. Liberty Mutual – A

Get Cheaper Car Insurance with These Tips

Lots of factors are considered when you quote your car insurance policy. A few of the factors are predictable like your driving record, but other factors are not as apparent like your vehicle usage or your financial responsibility.

Safety first – Vehicles with good safety scores cost less to insure. The safest vehicles protect occupants better and better occupant protection means lower claim amounts and thus lower rates.

Being married reduces risk – Walking down the aisle can get you a discount on your car insurance policy. Having a spouse translates into being more financially stable and statistics show married couples file fewer claims.

Long commutes cost more – Driving a lot of miles each year the more it will cost to insure it. A lot of insurance companies rate vehicles based upon how much you drive. Autos used primarily for pleasure use get more affordable rates than those used for commuting. It’s a good idea to make sure your car insurance declarations sheet correctly shows the correct usage, because improper ratings can cost you money. Incorrect rating for your Fusion Hybrid is throwing money out the window.

Age of drivers – Beginning drivers in Alaska have a tendency to be inattentive and easily distracted when at the wheel of a vehicle so car insurance rates are higher. More mature drivers have been proven to be more responsible, statistically cause fewer accidents, and get fewer tickets.

The chart below uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

Traffic violations are costly – Careful drivers get better prices compared to bad drivers. Only having one moving violation can increase the cost of insurance by twenty percent. Drivers unfortunate enough to have dangerous violations like DUI or willful reckless driving may need to prove financial responsibility with their state’s department of motor vehicles in order to prevent a license revocation.

The diagram below shows how violations and at-fault accidents can drive up Ford Fusion Hybrid insurance prices for each different age group. The costs are based on a single female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

Insurance loss statistics a Ford Fusion Hybrid – Insurance companies factor in insurance loss information to help determine rates. Models that the data shows to have higher prevalence or dollar amount of losses will have higher premium rates.

The information below illustrates the historical insurance loss data for Ford Fusion Hybrid vehicles. For each policy coverage type, the claim amount for all vehicles averaged together is set at 100. Numbers shown that are under 100 indicate better than average losses, while values over 100 point to more claims or larger claims.

Car Insurance Loss Data for Ford Fusion Hybrid Models
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Ford Fusion Hybrid 125 97 98 92 93 95

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years