1997 Subaru SVX Car Insurance Cost – 6 Savings Tips

Searching for better insurance rates for your Subaru SVX? Trying to come up with a payment for pricey insurance can bottom out your checking account and possibly require postponing other expenditures. There is such a variety of auto insurance companies to purchase coverage from, and although it’s a good thing to be able to choose, having more car insurance companies makes it harder to find the lowest cost provider.

It’s important to price shop coverage on a regular basis due to the fact that insurance prices trend upward over time. Just because you found the lowest rates on SVX coverage a couple years back a different company probably has better premium rates today. There are a lot of ways to save on insurance online but we’re going to give you some great ideas on how to stop overpaying for insurance.

Pricing affordable insurance is quite easy. If you are insured now or are looking for a new policy, you will benefit by learning to reduce the price you pay and still get good coverage. Vehicle owners just need to learn the best way to shop their coverage around online.

Discounts can really help lower rates

Some providers don’t necessarily list the complete list of policy discounts in an easy-to-find place, so we break down some of the more common and the harder-to-find discounts you could be receiving when you buy insurance coverage online.

  • Early Signing – Select insurance companies give a discount for signing up before your current coverage expires. This can save 10% or more.
  • Military Discounts – Having a deployed family member could trigger a small discount.
  • Safety Restraint Discount – Requiring all passengers to use their safety belts could cut 10% or more on medical payment and PIP coverage.
  • Driver’s Ed – Teen drivers should enroll in driver’s education if offered at their school.
  • Online Discount – Some of the larger companies will discount your bill up to fifty bucks just for signing your application on the web.
  • Full Payment Discount – By paying your policy upfront instead of paying each month you may reduce your total bill.

While discounts sound great, it’s important to understand that some credits don’t apply to all coverage premiums. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because you may think all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

Companies and the discounts they provide are included below.

  • Farmers Insurance discounts include distant student, multi-car, electronic funds transfer, mature driver, pay in full, bundle discounts, and alternative fuel.
  • State Farm offers discounts including Steer Clear safe driver discount, good student, defensive driving training, anti-theft, multiple autos, and accident-free.
  • Liberty Mutual may have discounts that include safety features, good student, newly married, newly retired, and multi-policy.
  • MetLife has savings for multi-policy, claim-free, good student, good driver, and accident-free.
  • Progressive policyholders can earn discounts including continuous coverage, multi-vehicle, homeowner, online quote discount, multi-policy, and online signing.

Double check with every prospective company to apply every possible discount. Discounts might not be offered in your state. If you would like to choose from a list of insurance companies that offer some of these discounts, follow this link.

The method we recommend to compare car insurance rates is to know all the major auto insurance companies pay for the opportunity to provide you with a free rate quote. The one thing you need to do is provide a little information like how you use your vehicles, what your job is, how many miles driven, and if you went to college. Your details is automatically sent to insurance companies and they return rate quotes with very little delay.

If you wish to get multiple quotes for your 1997 Subaru SVX now, click here and find out if you can get cheaper insurance.

Will just any policy work for me?

When it comes to choosing proper insurance coverage, there really is no best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions can aid in determining whether your personal situation would benefit from professional advice.

  • What is no-fault insurance?
  • How do I file an SR-22 for a DUI in my state?
  • Should I buy only the required minimum liability coverage?
  • What is UM/UIM insurance?
  • Is my 1997 Subaru SVX covered for flood damage?
  • At what point should I drop full coverage?
  • Am I covered if I wreck a rental car?
  • Will my insurance pay for OEM parts?
  • Is my business laptop covered if it gets stolen from my vehicle?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

The largest companies are not always cheapest

Consumers can’t get away from ads that promise big savings from companies such as State Farm and Allstate. All the companies advertise the message about how much you will save if you just switch to their company.

How can each company make almost identical claims? This is how they do it.

Companies have a preferred profile for the type of customer that earns them a profit. An example of this type of driver could possibly be a married female, has no driving citations, and has a short commute. Any customer that matches those criteria will probably get the lowest car insurance rates and as a result will probably cut their rates substantially.

Potential customers who do not match these stringent criteria will have to pay a higher rate and ends up with business going elsewhere. The ads say “drivers that switch” not “all people who quote” save that much. That’s the way insurance companies can confidently state the savings.

Because of these techniques, it’s extremely important to compare price quotes frequently. It is just not possible to predict which insurance companies will have the lowest rates for your situation.

Coverages available on your insurance policy

Understanding the coverages of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages offered by insurance companies.

Collision protection

This will pay to fix damage to your SVX from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like hitting a parking meter, damaging your car on a curb, driving through your garage door, crashing into a ditch and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like surgery, rehabilitation expenses and X-ray expenses. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive insurance

This pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from a tornado or hurricane, hitting a bird, a broken windshield and falling objects. The most a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability

This protects you from damages or injuries you inflict on other people or property in an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims like medical expenses, loss of income, funeral expenses and pain and suffering. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your Subaru SVX.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

At the end of the day…

The cheapest 1997 Subaru SVX insurance can be bought from both online companies in addition to local insurance agencies, so get free insurance coverage quotes from both of them so you have a total pricing picture. Some insurance coverage companies may not offer rates over the internet and usually these small insurance companies prefer to sell through independent insurance agencies.

As you go through the steps to switch your coverage, do not buy poor coverage just to save money. In many cases, someone dropped liability limits or collision coverage and discovered at claim time that the small savings ended up costing them much more. Your objective should be to purchase plenty of coverage at the best cost while still protecting your assets.

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