The Ford Focus has a low sticker price and, with fuel efficiency of up to 35 mpg, it won’t gouge you at the gas pump. Another factor in its financial favor is the fact that it costs less to insure than many cars out there.
While it is hard to give an exact answer to any questions that ask how much car insurance would cost for a Ford Focus, you can rest assured that this small, domestic vehicle has many features that will save you money every year on your car insurance.
Make & Model’s Affect on Car Insurance Rates
Since the make and model of your car is one of the considerations that car insurance companies weigh most heavily when determining the cost of your policy, the purchase of a Ford Focus—new or used—is one very smart driving decision on the road to reasonable insurance premiums.
Saving Money on Car Insurance for a Ford Focus
Besides the car itself, the two most crucial elements used to establish your car insurance cost for a Ford Focus are your demographic and your location.
- Men pay more for car insurance on average
- Young adults pay increased premiums
- Those in urban areas are likely to pay more as well
Unfortunately, if you are a 21-year-old, city-dwelling male, you can count on paying more for car insurance whether you drive a Ford Focus or not.
Other elements that insurance companies use to assess risk and determine premiums include:
- marital status
- history of accidents
- history of driving violations
- driver occupation
- driver credit rating
A solid credit rating also has the effect of showing insurers you are less likely to take risks on the road. People who make payments responsibly are statistically more likely to drive responsibly. There’s even an industry name for the equation; it’s called the “financial responsibility score.”
The exact value a company applies to any of these components will vary, so it is up to you to find the insurance company with the mathematical formula that equals the most savings for you.
Comparing car insurance quotes on-line will give you a quick and comprehensive view of what’s out there and what will save you the most money.
Getting the Most for Your Money When Insuring a Ford Focus
Price is an important and guiding consideration when it comes to car insurance, but it isn’t everything. If you chose a policy based on price alone, you could find yourself woefully under-protected in the event of an accident.
It is wise to consider all the factors, from the rating of the insurance company to the specific details of what’s covered and what’s not. You should also think carefully about deductibles and the extent of coverage. A higher deductible means lower premiums.
Dropping certain forms of coverage (for example, comprehensive or collision) may be an option if you are the outright owner of an older Ford Focus that is not worth, or is just barely worth, insuring.
Some financial planners recommend that you drop collision and comprehensive insurance if your yearly insurance payment is less than 10% of the amount you’d receive if your car is totaled or stolen.
In this equation, a car worth $3,000 for which you must pay a $500 deductible leaves you with $2500 to put toward a replacement car.
If your annual premium for comprehensive and collision insurance is $250, then putting that amount of money in an interest-bearing account instead of sending it to your car insurance company might be the more fiscally responsible thing to do.
Find Out Exactly How Much Car Insurance Costs for a Ford Focus
By comparing car insurance quotes online, you will have quick and easy access to quotes that take your unique situation into account. And don’t forget to identify all of the Ford Focus features, as well as your own personal circumstances, that may make you eligible for discounts.
- Does your Focus have anti-theft devices or anti-lock brakes?
- Does it have window etching?
- Are you insuring more than one vehicle?
- Will you be paying via Electronic Funds Transfer (EFT), which allows you to direct payments right from your bank account to your car insurance company?
If the answer to any of these questions is “yes,” then you are likely to see some discounts coming your way. To find out for sure, type your zip code into the box in the upper right-hand corner and you will be on your way to finding the cheapest car insurance.