View 2016 Subaru Legacy Car Insurance Cost

Trying to find the cheapest insurance coverage rates for your Subaru Legacy? Are you burned out from paying out the nose to buy insurance coverage? You have the same problem as millions of other consumers. Having so many options, it can be hard to pick the right insurance coverage company.

The best way we recommend to compare car insurance rates takes advantage of the fact most of the larger companies participate in online systems to compare their rates. To begin a comparison, all you need to do is provide the companies a bit of rating information such as what your job is, if a SR-22 is required, daily mileage, and which vehicles you own. The rating information is instantly provided to insurance companies and you get price estimates with very little delay.

Ads can be misleading

Drivers get pounded daily by advertisements for the lowest price auto insurance from companies such as Progressive, Allstate and Geico. All the ads advertise claims about savings if you move to them.

How is it plausible that every one can give you a lower rate?

All companies have strict underwriting profiles for the driver that earns them the highest profit. An example of a profitable risk profile could be between 30 and 50, has had continuous coverage, and does not commute to work. Any customer that fits those parameters will probably get cheap premium rates and will also save money with a new company.

Insureds who fall outside these criteria will be quoted a higher rate and this can result in the customer buying from a different company. If you listen closely, the ads state “people that switch” not “all people who quote” save that much money. This is how companies can truthfully state the savings. This really emphasizes why you need to compare many company’s car insurance rates. Because without a comparison, you cannot know the company that will give you lower rates than your current company.

The Subaru Legacy insurance price equation

Many factors are taken into consideration when premium rates are determined. Some are pretty understandable such as your driving record, although some other factors are not as apparent such as your credit history or how safe your car is.

  • High coverage deductibles equal low rates – Physical damage protection, also known as collision and other-than-collision, insures against damage to your Subaru. Examples of some claims that would be covered are colliding with a building, damage from fire, and damage from a fallen tree branch. Your deductibles define how much the insured will be required to pay if you file a covered claim. The more damage repair cost you have to pay, the better rate you will receive on Legacy coverage.
  • Age of drivers impacts costs – Drivers with little experience are statistically proven to be inattentive and easily distracted when behind the wheel so insurance coverage rates are higher. If you’ve ever had to add a first-time driver to your policy can cause a big jump in price. More experienced drivers are more cautious drivers, cost insurance companies less in claims and receive fewer citations.
  • Cars with good safety ratings means better insurance coverage rates – Vehicles with high crash test scores cost less to insure. Highly rated vehicles result in less severe injuries and fewer serious injuries means less claims paid and lower rates for you.
  • Too many insurance claims drive up rates – Auto insurance companies give lower rates to drivers who are claim-free. If you’re an insured who likes to file claims you can definitely plan on either a policy non-renewal or much higher rates. Insurance coverage is designed for larger claims.
  • Men tend to take more risk – Over the last 50 years, statistics have shown females are less aggressive when driving. However, this does not mean women are better drivers. Both genders tend to get into auto accidents at about the same rate, but men cause more damage and cost insurance companies more money. They also have more aggressive citations like DWI (DUI) or reckless driving. Youthful male drivers tend to get in the most accidents and therefore are the most expensive to insure.
  • Having a spouse pays dividends – Having a significant other can get you a discount on your insurance coverage policy. Having a significant other is viewed as being more financially stable and statistics prove drivers who are married file infrequent claims.

Cheaper insurance rates with discounts

Some insurance providers don’t list all disounts in an easy-to-find place, so the list below details a few of the more well known and the more hidden ways to save on insurance.

  • Defensive Driving Course – Taking time to complete a driver safety course could save 5% or more and also improve your driving technique.
  • Senior Discount – Drivers over the age of 55 may be able to get a small discount on rates on Legacy coverage.
  • Early Payment Discounts – By paying your entire bill at once rather than paying monthly you could save 5% or more.
  • Online Discount – Many larger companies will discount your bill up to fifty bucks for signing up on their website.
  • Good Student – Being a good student could provide a savings of up to 20% or more. The good student discount can last up until you turn 25.
  • Own a Home and Save – Owning your own home or condo can save you money since home ownership shows financial diligence.

Remember that most discounts do not apply to your bottom line cost. Most cut the cost of specific coverages such as comprehensive or collision. So even though they make it sound like you can get free auto insurance, insurance companies aren’t that generous. But all discounts will reduce your overall bill.

The best insurance companies and a summarized list of policyholder discounts are outlined below.

  • 21st Century has savings for student driver, 55 and older, anti-lock brakes, good student, homeowners, early bird, and defensive driver.
  • State Farm offers discounts including good student, multiple policy, multiple autos, driver’s education, anti-theft, good driver, and student away at school.
  • AAA offers discounts for good driver, multi-policy, anti-theft, education and occupation, AAA membership discount, and multi-car.
  • Liberty Mutual includes discounts for exclusive group savings, hybrid vehicle, teen driver discount, good student, new move discount, and newly retired.
  • Progressive may offer discounts for homeowner, online signing, good student, multi-vehicle, and online quote discount.

If you need lower rates, check with every company what discounts are available to you. Discounts may not be available in your area.

Tailor your car insurance coverage to you

When buying proper insurance coverage, there really is not a cookie cutter policy. Every insured’s situation is different and your policy should reflect that. For instance, these questions might point out if your insurance needs could use an agent’s help.

  • Do I have any recourse if my insurance company denies a claim?
  • Do I have newly-aquired coverage?
  • Where can I find DUI or SR-22 insurance?
  • Should I buy more coverage than the required minimum liability coverage?
  • Are my tools covered if they get stolen from my vehicle?
  • Does my policy cover my teen driver if they drive my company car?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.

Insurance coverages and their meanings

Understanding the coverages of your insurance policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverages available from insurance companies.

Collision protection

This pays for damage to your Legacy caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as colliding with a tree, crashing into a ditch, hitting a parking meter, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

Liability coverages

This provides protection from damage or injury you incur to people or other property. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things such as repair bills for other people’s vehicles, medical services, loss of income and funeral expenses. How much coverage you buy is a personal decision, but buy as large an amount as possible.

Comprehensive protection

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a deer, theft, damage from a tornado or hurricane and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses like rehabilitation expenses, chiropractic care, funeral costs, doctor visits and pain medications. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your Subaru Legacy.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

More effort can pay off

We just showed you quite a bit of information on how to reduce 2016 Subaru Legacy insurance premium rates online. The key concept to understand is the more companies you get prices for, the higher the chance of saving money. You may even find the biggest savings come from an unexpected company. These smaller insurers may only write in your state and offer lower prices as compared to the big name companies such as Allstate or State Farm.

Some insurance providers do not provide the ability to get quotes online and usually these small, regional companies only sell through local independent agencies. Budget-conscious 2016 Subaru Legacy insurance can be bought from both online companies and also from your neighborhood agents, and you should be comparing both so you have a total pricing picture.

As you quote car insurance, it’s very important that you do not buy less coverage just to save a little money. Too many times, someone dropped physical damage coverage and found out when filing a claim that they should have had better coverage. Your goal should be to buy a smart amount of coverage at the best possible price, not the least amount of coverage.

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