Cheaper 1992 Subaru SVX Insurance Rates

Looking for cheaper insurance rates for your Subaru SVX? I can’t think of anyone who looks forward to buying insurance, especially knowing they are paying too much.

Because there are so many options, it’s difficult to choose the right insurance company.

You need to compare rates once or twice a year because insurance rates change regularly. Just because you had the best rates for SVX coverage a few years ago other companies may now be cheaper. So just forget all the misinformation about insurance because you’re going to learn the best way to properly buy coverages and cut your premium.

Subaru SVX insurance premiums are calculated by many factors

Consumers need to have an understanding of the rating factors that help determine insurance rates. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that could result in lower insurance prices.

The following are a few of the “ingredients” companies use to determine premiums.

  • Choose a safe vehicle and save – Safer cars can get you lower premiums. The safest vehicles protect occupants better and lower injury rates means less money paid by your insurance company and thus lower rates. If the Subaru SVX is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Allowing your policy to lapse raises rates – Allowing your insurance policy to lapse will be a quick way to pay more for insurance. Not only will rates go up, getting caught without coverage may earn you a license revocation or jail time.
  • Men are more aggressive – The statistics show women tend to be less risk to insure than men. However, this does not mean men are worse drivers. Women and men tend to get into accidents in similar percentages, but the male of the species have costlier accidents. Men also tend to get more serious tickets like DUI and reckless driving. Male drivers age 16 to 19 are the most expensive to insure and therefore are the most expensive to insure.
  • Cautious drivers pay less – A bad driving record impacts your car insurance rates tremendously. Good drivers tend to pay less for car insurance than people who have multiple driving citations. Only having one ticket can increase rates by twenty percent. If you have severe violations like DWI, reckless driving or hit and run convictions may find they need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to drive a vehicle legally.
  • Where you live – Living in a rural area can save you money when insuring your vehicles. Drivers in populated areas have to deal with traffic congestion and much longer commute distances. Less people living in that area means reduced accidents and a lower car theft rate.
  • Your insurance rates can be influenced by your job – Did you know your insurance rates can be affected by your occupation? Careers like judges, architects and financial analysts tend to have higher average rates attributed to stressful work requirements and long work hours. Conversely, occupations such as farmers, engineers and homemakers receive lower rates for SVX coverage.

Discounts mean cheaper Subaru SVX insurance rates

Companies offering auto insurance don’t list all available discounts very clearly, so the following is a list of some of the best known as well as the least known savings tricks you should be using.

  • Seat Belts Save – Requiring all passengers to use a seat belt can save 10% or more off the personal injury premium cost.
  • Multi-policy Discount – When you have multiple policies with one insurance company you will save approximately 10% to 15%.
  • Payment Method – If you pay your entire premium ahead of time rather than paying monthly you could save up to 5%.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and will save you 10% or more.
  • Distant Student – Kids in college living away from home attending college without a vehicle on campus can be insured at a reduced rate.
  • Claim Free – Drivers who don’t have accidents can save substantially when compared to bad drivers.
  • Club Memberships – Belonging to a civic or occupational organization could qualify you for a break when buying auto insurance for SVX coverage.

Keep in mind that most discounts do not apply to the entire policy premium. Some only reduce specific coverage prices like comprehensive or collision. Even though it may seem like it’s possible to get free car insurance, it doesn’t quite work that way.

Companies who might offer these discounts include:

It’s a good idea to ask each insurance company how you can save money. Some discounts may not apply in your state.

Tailor your coverage to you

When it comes to buying adequate coverage, there really is not a cookie cutter policy. Everyone’s situation is unique and your policy should reflect that. For instance, these questions might point out whether or not you might need professional guidance.

  • Where can I find high-risk insurance?
  • Exactly who is provided coverage by my policy?
  • Is extra glass coverage worth it?
  • Does coverage extend to a rental car in a foreign country?
  • What is PIP insurance?
  • How high should my uninsured/underinsured coverage be in my state?
  • Should I bundle my homeowners policy with my auto?
  • Do I need more liability coverage?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Specific coverage details

Having a good grasp of your auto insurance policy can be of help when determining the best coverages and the correct deductibles and limits. Auto insurance terms can be ambiguous and coverage can change by endorsement. Shown next are typical coverage types available from auto insurance companies.

Collision coverages – Collision coverage covers damage to your SVX from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like colliding with another moving vehicle, hitting a mailbox, crashing into a building, rolling your car and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Liability car insurance – Liability coverage provides protection from injuries or damage you cause to people or other property in an accident. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for claims such as funeral expenses, medical services, pain and suffering and court costs. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverage – This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like hitting a bird, rock chips in glass, falling objects, fire damage and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 1992 Subaru SVX.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance kick in for bills like X-ray expenses, dental work, nursing services and doctor visits. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Shop around and save

When shopping online for insurance, you should never reduce coverage to reduce premium. In many cases, an insured dropped comprehensive coverage or liability limits only to discover later that the small savings ended up costing them much more. Your strategy should be to find the BEST coverage for the lowest price while still protecting your assets.

We just showed you many ideas to save on 1992 Subaru SVX insurance. The most important thing to understand is the more companies you get rates for, the more likely it is that you will get a better rate. You may be surprised to find that the lowest priced insurance comes from the smaller companies. Smaller companies may have significantly lower rates on certain market segments than their larger competitors like Allstate or State Farm.

Additional detailed information can be found by following these links: