Cheaper 2000 Subaru Impreza Insurance Rates

Have you finally had enough of not being able to afford to pay car insurance each month? You are no different than many other consumers.

Many auto insurance companies compete for your business, and it can be difficult to compare rates to find the lowest cost out there.

It’s important to compare premium rates at least once a year since insurance prices are rarely the same from one policy term to another. Just because you found the best deal on Impreza insurance two years ago there may be better deals available now. Forget all the misinformation about car insurance because you’re about to learn the easiest way to eliminate unnecessary coverages and save money.

Get affordable car insurance with discounts

Some insurers don’t always list the entire discount list in an easy-to-find place, so we break down a few of the more well known and also the lesser-known credits that may apply to you.

  • Theft Deterent System – Cars and trucks optioned with advanced anti-theft systems can help prevent theft and will qualify for a discount on a insurance quote.
  • Discount for Swiching Early – Some larger companies give discounts for buying a new policy before your current policy expires. Ten percent is about the average savings.
  • Service Members Pay Less – Being deployed with a military unit could qualify you for better car insurance rates.
  • Discount for Good Grades – Getting good grades may save as much as 25% on a insurance quote. Earning this discount can benefit you until age 25.
  • Own a Home – Owning your own home or condo can help you save on car insurance since home ownership requires a higher level of personal finance.
  • Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts could see savings of more than 20%.
  • Pay Early and Save – If you can afford to pay the entire bill instead of monthly or quarterly installments you could save up to 5%.
  • Defensive Driver Discounts – Completing a course that instructs on driving safety could possibly earn you a 5% discount depending on where you live.

Remember that most discount credits are not given to the entire policy premium. The majority will only reduce individual premiums such as comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, that’s just not realistic.

Large car insurance companies and the discounts they provide are outlined below.

  • Mercury Insurance has savings for accident-free, professional/association, ease of repair, low natural disaster claims, good student, and multi-policy.
  • Farmers Insurance may have discounts that include pay in full, multi-car, electronic funds transfer, good student, teen driver, distant student, and switch companies.
  • Farm Bureau may offer discounts for multi-policy, 55 and retired, good student, multi-vehicle, driver training, renewal discount, and safe driver.
  • State Farm may include discounts for good student, driver’s education, anti-theft, multiple policy, defensive driving training, accident-free, and multiple autos.
  • Allstate offers premium reductions for premier plus, senior citizen, utility vehicle, eSmart discount, passive restraint, good student, and teenSMART discount.
  • Geico includes discounts for federal employee, air bags, defensive driver, five-year accident-free, multi-policy, good student, and military active duty.

It’s a good idea to ask every company which credits you are entitled to. All car insurance discounts may not be available in your area. To see insurers with discount car insurance rates, follow this link.

The Subaru Impreza insurance price equation

Lots of things are considered when you get a price on insurance. Most are fairly basic like an MVR report, although others are more obscure like your continuous coverage or how safe your car is.The best way to find cheaper auto insurance is to take a look at the rating factors that help calculate the level of your policy premiums. When you understand what influences your rates, this empowers consumers to make smart changes that could result in lower auto insurance prices.

The items below are a few of the “ingredients” auto insurance companies consider when setting your prices.

  • Fewer miles means better costs – The higher the mileage driven each year the more you’ll pay to insure it. Most companies calculate rates based upon how the vehicle is primarily used. Cars and trucks that sit idle most of the time can get a lower rate than vehicles that have high annual mileage. Having the wrong rating on your Impreza can cost quite a bit. It’s always a good idea to double check that your auto insurance policy reflects the correct usage for each vehicle, because improper ratings can cost you money.
  • Never go without auto insurance – Having a lapse in insurance coverage is a guaranteed way to trigger a rate increase. Not only will you pay higher rates, getting caught without coverage might get you a revoked license or a big fine. You may need to prove you have insurance by filing a SR-22 with your state motor vehicle department.
  • Alarm systems save money – Owning a car with a theft deterrent system can save you a little every year. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your car from being stolen.
  • Discounts for married couples – Your spouse helps lower the price on your policy. Having a spouse demonstrates that you tend to be more financially stable and it’s proven that married drivers tend to file fewer claims.
  • Men pay higher costs – Statistics demonstrate females are less aggressive when driving. However, this does not mean females are better drivers. Both sexes cause at-fault accidents at a similar rate, but guys get into accidents with more damage. Men also statistically have more aggressive citations like DUI and reckless driving. Youthful male drivers tend to get in the most accidents and therefore have the most expensive auto insurance rates.
  • Frequent policy claims will cost more – If you are a frequent claim filer, you shouldn’t be surprised to get either policy cancellation or increased premiums. Car insurance companies award lower rates to policyholders who do not rely on their insurance for small claims. Your insurance policy is meant to be used in the event of larger claims.
  • Poor credit rating equals high costs – Having a bad credit rating is a large factor in determining your rates. If your credit is not that good, you could pay less to insure your 2000 Subaru Impreza if you improve your credit rating. Drivers who have high credit scores tend to file fewer claims and have better driving records as compared to drivers with worse credit.

Tailor your auto insurance coverage to you

When it comes to buying adequate coverage, there really is no “perfect” insurance plan. Every insured’s situation is different and a cookie cutter policy won’t apply. For instance, these questions might point out whether or not you could use an agent’s help.

  • Should I have a commercial auto policy?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I carry comprehensive and collision coverage?
  • Does liability extend to a camper or trailer?
  • Does my personal policy cover me when driving out-of-state?
  • Can I get a multi-policy discount?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of auto insurance companies in your area.

Truth in car insurance advertising

Well-known car insurance companies like Progressive, Allstate and Geico seem to constantly run ads on television and other media. All the companies make the same claim that people will save if you move your policy. How is it possible that every company can cost less than your current company? It’s all in how they say it.

Different companies are able to cherry pick for the type of driver they prefer to insure. For example, this type of risk profile might be between the ages of 40 and 55, has no claims, and drives a lower-performance vehicle. Any person who fits those characteristics may get the lowest prices and will probably save when switching.

People who are not a match for the “perfect” profile will be charged a higher premium and ends up with the customer buying from someone else. The ad wording is “people who switch” not “everyone who quotes” can save as much as they claim. That’s the way companies can make the claims of big savings.

Because each company has a different risk profile, it is so important to get a wide range of price quotes. It’s not possible to predict which insurance companies will have the lowest premium rates for your situation.

Insurance coverage breakdown

Knowing the specifics of your policy can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. These are the normal coverages available from insurance companies.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like prosthetic devices, chiropractic care, rehabilitation expenses, X-ray expenses and nursing services. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Coverage for liability

This coverage provides protection from damage that occurs to other’s property or people that is your fault. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for claims such as structural damage, emergency aid, funeral expenses, pain and suffering and loss of income. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Uninsured/Underinsured Motorist coverage

This provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Subaru Impreza.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive coverage

Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like rock chips in glass, vandalism, falling objects and theft. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage protection

Collision coverage pays for damage to your Impreza resulting from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like rolling your car, sideswiping another vehicle, hitting a mailbox and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Pennies from heaven

As you shop your coverage around, you should never skimp on coverage in order to save money. There have been many situations where consumers will sacrifice uninsured motorist or liability limits and learned later they didn’t have enough coverage. Your aim should be to find the BEST coverage for the lowest cost but still have enough coverage for asset protection.

In this article, we covered a lot of tips how to reduce 2000 Subaru Impreza insurance rates online. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may be surprised to find that the best rates are with an unexpected company. These companies often have lower car insurance rates on specific markets compared to the large companies like Progressive and Geico.

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