1994 Subaru Impreza Insurance Cost – 10 Discounts for Cheaper Prices

Having to pay for overpriced Subaru Impreza insurance can dwindle your savings account and put a big crunch on your finances. Comparing price quotes is a smart way to slash your bill and have more diposable income. There is such a variety of insurers to pick from, and although it’s nice to have multiple companies, it makes it harder to find the lowest rates.

Discounts to lower 1994 Subaru Impreza insurance rates

Insurance can cost an arm and a leg, but discounts can save money and there are some available that many people don’t even know exist. Certain discounts will be applied at the time of purchase, but a few must be specifically requested prior to receiving the credit. If you aren’t receiving every discount you deserve, you’re just leaving money on the table.

  • Accident Forgiveness – Certain companies will forgive one accident before your rates go up so long as you haven’t had any claims prior to the accident.
  • Life Insurance Discount – Select insurance companies reward you with better rates if you take out a life insurance policy as well.
  • Drivers Education – Require your teen driver to complete a driver education course if it’s offered in school.
  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy qualifies for this discount.
  • Accident Free – Drivers with accident-free driving histories can earn big discounts when compared with frequent claim filers.
  • Defensive Driver – Completing a driver safety course could save 5% or more if you qualify.
  • Sign Early and Save – A few companies offer discounts for buying a policy prior to your current policy expiring. It can save you around 10%.
  • E-sign – Some insurance companies will give a small break for buying your policy online.
  • Good Student – Performing well in school can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.
  • Passive Restraints – Factory air bags or automatic seat belts can receive discounts up to 30%.

As a disclaimer on discounts, some credits don’t apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like medical payments or collision. Just because you may think all those discounts means the company will pay you, insurance companies aren’t that generous. But any discount will bring down your premiums.

To see a list of insurers who offer insurance discounts, click here.

The method we recommend to get rate comparisons is to know the trick auto insurance companies pay for the opportunity to compare rate quotes. To get started, all you need to do is give them rating details like whether you are married, how much school you completed, daily mileage, and if it has an anti-theft system. The data gets sent immediately to many highly-rated insurers and they return rate quotes instantly.

To start a quote now, click here and enter your zip code.

Tailor your coverage to you

When choosing the best insurance coverage, there really is not a “best” method to buy coverage. Every situation is different so this has to be addressed. For instance, these questions may help you determine whether you will benefit from professional help.

  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I have a commercial auto policy?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Are rock chip repairs covered?
  • How can I get my company to pay me more for my totalled car?
  • What is the rate difference between pleasure use and commuting?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Buyer beware of insurance advertising tricks

Consumers get pounded daily by advertisements for cheaper car insurance by State Farm, Geico and Progressive. All the companies say the same thing of big savings if you move to their company.

But how can every company make almost identical claims? It’s all in the numbers.

All companies have a preferred profile for the type of driver they prefer to insure. A good example of a preferred risk could be over the age of 50, owns a home, and has a short commute. A customer getting a price quote that hits that “sweet spot” gets the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

Drivers who don’t measure up to this ideal profile must pay higher rates and ends up with business going elsewhere. The ad wording is “customers that switch” not “everyone that quotes” save that much. That’s the way companies can make the claims of big savings.

This illustrates why it is so important to compare many company’s rates. It is impossible to predict which insurance companies will give you the biggest savings on Subaru Impreza insurance.

Learn about insurance coverages for a 1994 Subaru Impreza

Knowing the specifics of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and coverage can change by endorsement. These are typical coverages found on the average insurance policy.

Collision coverages – Collision coverage pays for damage to your Impreza from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like colliding with another moving vehicle, hitting a mailbox, colliding with a tree and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Subaru Impreza.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually these limits do not exceed the liability coverage limits.

Liability insurance – Liability coverage can cover damage or injury you incur to people or other property 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 commonly see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined limit that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like repair bills for other people’s vehicles, court costs, medical services, attorney fees and funeral expenses. The amount of liability coverage you purchase is your choice, but consider buying higher limits if possible.

Comprehensive protection – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as fire damage, damage from flooding and a broken windshield. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like surgery, ambulance fees and rehabilitation expenses. They are often used to fill the gap from your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Feed the piggy bank

Low-cost 1994 Subaru Impreza insurance is definitely available online and also from your neighborhood agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies may not provide online quoting and these small insurance companies work with independent agents.

When you buy insurance online, it’s very important that you do not reduce coverage to reduce premium. There are too many instances where drivers have reduced collision coverage only to regret that the small savings ended up costing them much more. Your focus should be to purchase plenty of coverage at a price you can afford while still protecting your assets.

Additional auto insurance information is available on the following sites: