Having to pay for overpriced Subaru Outback insurance can empty your personal savings and make it impossible to make ends meet. Doing a price comparison is free, only takes a few minutes, and is a good way to reduce premiums and put more money in your pocket. Popular companies such as GEICO, Progressive and Allstate all claim big savings with ad campaigns and consumers find it hard to not get sucked in by the cute commercials and do the work needed to find the best deal.
More discounts equal less premium
Insurance can be prohibitively expensive, but there are discounts available to reduce the price significantly. Certain discounts will be applied when you get a quote, but a few need to be requested specifically before you get the savings. If they aren’t giving you every credit possible, you are paying more than you should be.
- No Accidents – Good drivers with no accidents can earn big discounts when compared with bad drivers.
- Fewer Miles Equal More Savings – Driving fewer miles could qualify for better rates on cars that stay parked.
- Accident Forgiveness – Some insurance companies will forgive one accident before your rates go up if your claims history is clear for a set time period.
- Anti-theft Discount – Vehicles with anti-theft systems can help prevent theft and earn discounts up to 10%.
- Discount for Swiching Early – Some insurance companies reward drivers for switching to them prior to your current policy expiring. The savings is around 10%.
As a disclaimer on discounts, most discount credits are not given to all coverage premiums. Some only apply to the cost of specific coverages such as comp or med pay. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way. Any qualifying discounts will bring down your premiums.
To see a list of companies who offer auto insurance discounts, click this link.
Factors determining your Subaru Outback insurance premium
An important part of buying insurance is that you know the different types of things that come into play when calculating the price you pay for auto insurance. Having a good understanding of what controls the rates you pay allows you to make educated decisions that can help you get better auto insurance rates.
- Is your vehicle built for speed? – The performance of the vehicle you drive makes a significant difference in determining your rates. The most favorable rates tend to be for lower performance four cylinder passenger cars, but the final cost of insurance is determined by many other factors. Because the Subaru Outback is a station wagon, insurance will be similar in price or lower when compared to the average rates.
- Being married is a good thing – Having a wife or husband can get you a discount when buying auto insurance. Having a significant other is viewed as being more mature and statistics show married drivers get in fewer accidents.
- Traffic violations increase rates – Your driving record has a big impact on rates. Even a single ticket can increase rates forty percent or more. Good drivers have lower premiums compared to drivers with tickets. Drivers who get flagrant violations such as DWI, reckless driving or hit and run convictions may be required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to keep their license.
- Lower rates come with age – Older insureds tend to be more responsible, tend to file fewer claims and are safer drivers. Teenage drivers have a tendency to be less responsible when behind the wheel therefore auto insurance rates are much higher.
- Lower miles equals lower premium – Driving more miles each year the more you will pay for auto insurance. Almost all companies charge to insure your cars based on how the vehicle is used. Cars and trucks not used for work or commuting can get a lower rate compared to those used for work or business. If your policy improperly rates your Outback may be wasting your money. Ask your agent if your auto insurance coverage is rated on the proper vehicle usage, because it can save money.
- Rural vs Urban Areas – Being located in a rural area has it’s advantages when buying auto insurance. Less people living in that area translates into fewer accidents and a lower car theft rate. Drivers who live in large cities tend to have congested traffic and much longer commute distances. Longer commute distances means higher likelihood of an accident.
- Add-on coverages can add up – There are quite a few extra coverages that can waste your money on your auto insurance policy. Things like personal injury protection, accident forgiveness and term life insurance are examples of these. They may seem like a good idea when you first buy your policy, but if they’re wasting money remove them from your policy.
It’s not one size fits all
When buying proper insurance coverage, there is no “best” method to buy coverage. Everyone’s needs are different so this has to be addressed. For instance, these questions might help in determining if you would benefit from an agent’s advice.
- Do I have coverage when making deliveries for my home business?
- Are split liability limits better than a combined single limit?
- Do I need medical payments coverage since I have good health insurance?
- Can I afford to buy a different vehicle if my Subaru Outback is totaled?
- Do I need roadside assistance coverage?
- Can my teen driver be rated on a liability-only vehicle?
If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.
Advertising myths
Drivers can’t get away from ads for cheaper car insurance by 21st Century, Allstate and State Farm. They all make an identical promise that you can save if you change to their company.
How can each company say the same thing?
Different companies have a certain “appetite” for the type of customer that is profitable for them. For instance, a profitable customer could possibly be between the ages of 30 and 50, has no tickets, and drives less than 10,000 miles a year. A customer getting a price quote who meets those qualifications receives the best rates and as a result will probably save when they switch companies.
Consumers who do not match the requirements will be charged higher prices and ends up with the driver buying from a lower-cost company. The ad wording is “people who switch” not “people who quote” save money. That is how companies can claim big savings.
That is why you should get quotes from several different companies. It’s impossible to know which company will fit your personal profile best.
Compare but don’t skimp
Cost effective Subaru Outback insurance can be bought on the web and also from your neighborhood agents, and you should compare price quotes from both to get a complete price analysis. Some insurance companies may not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.
We covered many ideas to compare Subaru Outback insurance prices online. The key concept to understand is the more you quote, the higher your chance of finding lower rates. You may be surprised to find that the best prices are with an unexpected company. Regional companies may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.
