Save on 1994 Subaru SVX Insurance Rates

Feel like you’re a prisoner to an overpriced insurance coverage policy? Believe me when I say there are a lot of people just like you who feel imprisoned by their insurance coverage policy.

Multiple auto insurance companies compete for your business, and because of this it can be hard to compare insurers to discover the definitive lowest cost out there.

It’s a great practice to compare prices at least once a year due to the fact that insurance rates change frequently. Just because you had the best price on SVX coverage six months ago you can probably find a better price now. Starting now, forget all the misinformation about insurance coverage because you’re going to get a crash course in how to quote online to properly buy coverages and cut your premium.

If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using these methods. Finding the best rates is not rocket science. But consumers need to have an understanding of the way insurance companies determine prices and apply this information to your search.

How to Compare Auto Insurance

Effectively comparing auto insurance prices can be a lot of work if you don’t know the most efficient way. You can spend countless hours talking about coverages with insurance agencies in your area, or you can stay home and use the internet to achieve your goal.

Many companies participate in an industry program that enables customers to complete one form, and each participating company can give them a price for coverage. This system prevents you from having to do quotation requests to every company.

To compare pricing click here to open in new window.

The one disadvantage to doing it this way is buyers cannot specifically choose which providers you will receive quotes from. If you would rather choose individual companies to receive pricing from, we put together a list of auto insurance companies in your area. Click here for list of insurance companies.

Whichever way you use, make sure you use identical coverages and limits with every price quote. If you use mixed coverages you can’t possibly make a fair comparison for your Subaru SVX. Just a small difference in insurance coverages may result in a large different in cost. Just keep in mind that more quotes helps locate a better price.

Take advantage of discounts

Auto insurance companies do not list every discount very clearly, so we break down both well-publicized and the harder-to-find savings tricks you should be using.

  • Auto/Life Discount – Companies who offer life insurance give better rates if you take out life insurance from them.
  • New Vehicle Savings – Putting insurance coverage on a new car is cheaper since new cars are generally safer.
  • Drive Less and Save – Driving fewer miles can earn discounted rates on garaged vehicles.
  • Early Signing – A few companies offer discounts for signing up before your current policy expires. This can save 10% or more.
  • Accident Waiver – A few companies permit an accident before hitting you with a surcharge as long as you don’t have any claims prior to the accident.
  • Government Employees – Simply working for the federal government could cut as much as 10% off on SVX coverage depending on your company.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can avoid accidents and earn discounts up to 10%.
  • Payment Method – If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.

Consumers should know that most discounts do not apply to the overall cost of the policy. Some only apply to specific coverage prices like comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, it doesn’t quite work that way.

Car insurance companies that may have some of the above discounts include:

Before buying, ask each insurance company what discounts are available to you. Some discounts may not be available everywhere.

Subaru SVX insurance rates are influenced by…

It’s important that you understand some of the elements that go into determining your insurance coverage rates. Knowing what controls the rates you pay empowers consumers to make smart changes that may reward you with better insurance coverage rates.

  • Never allow your policy to lapse – Having an insurance coverage lapse will be a quick way to bump up your insurance coverage costs. Not only will rates go up, but being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.You may need to submit proof of financial responsibility or a SR-22 with your state DMV.
  • Traffic violations increase rates – Your driving record has a big impact on rates. Drivers who don’t get tickets have lower premiums than bad drivers. Only having one citation can bump up the cost by twenty percent. Drivers who get serious violations such as DUI or reckless driving may be required to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to continue driving.
  • What are your deductibles? – Physical damage deductibles represent how much money you are required to spend out-of-pocket before a claim is paid by your company. Physical damage insurance, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some instances where coverage would apply are colliding with a building, vandalism, and windstorm damage. The more you are required to pay out-of-pocket, the less your insurance coverage will be on SVX coverage.
  • Liability coverage protects you – The liability section of your policy provides coverage when a jury decides you are liable for damages from an accident. Liability insurance provides you with a defense in court which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Safe vehicles cost less to insure – Cars with high safety ratings are cheaper to insure. Safe vehicles result in less severe injuries and fewer injuries means less money paid by your insurance company and lower rates for you. If your Subaru SVX is rated at least four stars on Safercar.gov it may be receiving lower rates.
  • Battle of the sexes – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that women are BETTER drivers than men. Men and women are in accidents in similar numbers, but the males cause more damage. They also have more aggressive citations such as reckless driving. Young males are most likely to cause an accident and are penalized with high insurance coverage rates.

How to know if you need help

When buying adequate coverage, there is no perfect coverage plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that could help you determine whether your personal situation may require specific advice.

  • Does car insurance cover theft of personal property?
  • What is medical payments coverage?
  • Should I buy full coverage?
  • When should I not file a claim?
  • Does coverage extend to a rental car in a foreign country?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Auto insurance coverages

Learning about specific coverages of your policy helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find the usual coverages offered by auto insurance companies.

Coverage for liability

This protects you from damage or injury you incur to other people or property by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

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. Your policy might show liability limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for claims like repair costs for stationary objects, funeral expenses, legal defense fees, structural damage and emergency aid. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible.

Medical costs insurance

Med pay and PIP coverage provide coverage for short-term medical expenses like nursing services, prosthetic devices, ambulance fees and dental work. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover you and your occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states and may carry a deductible

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your 1994 Subaru SVX.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from 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 insurance covers claims like a broken windshield, hitting a deer, hail damage, damage from getting keyed and damage from flooding. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverage

Collision coverage will pay to fix damage to your SVX resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as colliding with a tree, backing into a parked car, sideswiping another vehicle, colliding with another moving vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Keep this in mind

You just read some good ideas how you can save on 1994 Subaru SVX insurance. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with some of the smallest insurance companies. Smaller companies may have significantly lower rates on certain market segments than their larger competitors like State Farm or Progressive.

While you’re price shopping online, you should never buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured dropped liability coverage limits and found out when filing a claim that they should have had better coverage. The proper strategy is to buy enough coverage for the lowest price while still protecting your assets.

Cheaper insurance is definitely available online in addition to many insurance agents, so you should compare both to have the best rate selection. A few companies do not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

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