How Much Does 2003 Subaru Outback Insurance Cost?

Want the cheapest auto insurance rates for your Subaru Outback? Are you drained from sacrificing other expenses to make your auto insurance payment? Your situation is no different than most other drivers. Companies like State Farm and GEICO persitently shower you with catchy ads and it is difficult to not get sucked in by the cute commercials and do the work needed to find the best deal.

Drivers save money with these discounts

Auto insurance is not an enjoyable expense, but you might find some hidden discounts that may help make it more affordable. Certain discounts will be triggered automatically when you complete an application, but a few need to be specifically requested in order for you to get them.

• Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and earn discounts up to 10% off your insurance quote.
• ABS and Traction Control Discounts – Cars that have steering control and anti-lock brakes have fewer accidents so companies give up to a 10% discount.
• Discount for Multiple Policies – If you insure your home and vehicles and insure them with the same company you could earn a discount of as much as 10 to 15 percent.
• Good Student – Getting good grades can be rewarded with saving of up to 25%. You can use this discount normally up to age 25.
• Online Discount – A handful of larger companies will provide an incentive for completing your application digitally online.
• Buy New and Save – Insuring a new car is cheaper since new vehicles are generally safer.
• Safety Course Discount – Participating in a defensive driving class could cut 5% off your bill and also improve your driving technique.

A little note about advertised discounts, many deductions do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it appears it’s possible to get free car insurance, companies don’t profit that way.

Some of the insurance companies that may offer most of the discounts above possibly include:

• Travelers
• 21st Century
• State Farm
• GEICO
• SAFECO
• AAA

Before buying, ask each insurance company how you can save money. Discounts may not apply to policies in your area. To see insurance companies with the best discounts, click here to view.

Components of your Subaru Outback insurance prices

Many things are considered when quoting car insurance. Some are obvious such as traffic violations, although some other factors are not as apparent like where you live and annual miles driven.A large part of saving on insurance coverage is knowing the factors that are used to determine your policy premiums. If you have some idea of what impacts premium levels, this allows you to make good choices that can earn you lower insurance coverage prices.

• Your spouse saves you money – Having a significant other may save some money compared to being single. Marriage may mean you are more financially stable and it’s statistically proven that married drivers get in fewer accidents.
• Fewer miles means better premiums – The higher the miles on your Subaru in a year the higher the price you pay to insure it. Most companies price each vehicle’s coverage based on their usage. Cars that sit idle most of the time cost less to insure compared to those used for work or business. Ask your agent if your insurance coverage declarations sheet is rated on the correct usage. Having an incorrect usage rating on your Outback may be costing you.
• Liability coverage risk factors in – The liability coverage on your policy will provide protection if ever you are determined to be liable for an accident. This coverage provides for a legal defense starting from day one. Liability is cheap compared to comp and collision, so do not skimp.
• Combining policies can get discounts – The majority of insurers apply lower prices to customers who carry more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be 10 percent or more. Even if you already get this discount, you may still want to shop around to make sure you are getting the best deal.
• Tickets mean higher premiums – Your driving record has a big impact on rates. Drivers who don’t get tickets pay less for auto insurance than their less careful counterparts. Having a single speeding ticket or other violation can increase rates by as much as twenty percent. Drivers who have received license-revoking citations such as DUI or willful reckless driving may face state-mandated requirements to prove financial responsibility with the DMV in their state in order to legally drive.

Special considerations

When it comes to choosing the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions may help highlight whether your personal situation may require specific advice.

• Do I need medical payments coverage since I have good health insurance?
• Are rental cars covered under my policy?
• Is my cargo covered for damage or theft?
• Does car insurance cover theft of personal property?
• Why am I required to buy high-risk coverage?
• Is a fancy paint job covered?
• Who is covered when they drive my 2003 Subaru Outback?
• Am I covered when pulling a rental trailer?
• What are the financial responsibility laws in my state?

If you don’t know the answers to these 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, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance coverage breakdown

Having a good grasp of a insurance policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are the usual coverages available from insurance companies.

Liability auto insurance

Liability coverage will cover injuries or damage you cause to other’s property or people that is your fault. It protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for things like loss of income, emergency aid, structural damage and court costs. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like a broken windshield, fire damage, damage from a tornado or hurricane and theft. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Subaru Outback.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these limits do not exceed the liability coverage limits.

Collision coverage protection

Collision insurance will pay to fix damage to your Outback resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like scraping a guard rail, crashing into a building and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Insurance for medical payments

Med pay and PIP coverage reimburse you for bills such as rehabilitation expenses, dental work and nursing services. They are often utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

At the end of the day…

As you go through the steps to switch your coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. In many instances, an accident victim reduced full coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your aim should be to buy the best coverage you can find at the best possible price, not the least amount of coverage.

Budget-friendly car insurance is available online as well as from insurance agents, so you should compare both to have the best selection. Some insurance companies do not offer rate quotes online and many times these regional insurance providers prefer to sell through local independent agencies.

Even more information is located by following these links:

• Help Your Teen Be a Better Driver (State Farm)
• Who Has the Cheapest Auto Insurance for a Subaru Outback in Henderson? (QuoteHenderson.com)
• Teen Driving Statistics (GEICO)
• Drunk Driving Statistics (Insurance Information Insitute)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)