View 2002 Subaru Outback Insurance Cost

Looking for lower insurance rates for your Subaru Outback? Feel like you’re a prisoner to high-priced insurance? Trust us, there are a lot of people just like you who feel imprisoned by their insurance policy.

There are many insurers to choose from, and although it’s nice to have multiple companies, it can be more difficult to find the best rates.

It’s a great practice to get comparison quotes before your policy renews due to the fact that insurance rates are adjusted regularly by insurance companies. Even if you think you had the lowest rates on Outback insurance on your last policy you will most likely find a better rate today. Forget all the misinformation about insurance because you’re about to find out one of the quickest ways to properly buy coverages while reducing your premium.

Be sure to get all your discounts

The cost of insuring your cars can be expensive, but you can get discounts to reduce the price significantly. Some trigger automatically at the time of quoting, but some may not be applied and must be asked for in order for you to get them.

  • Braking Control Discount – Vehicles with anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.
  • Discount for Good Grades – A discount for being a good student can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • Low Mileage Discounts – Fewer annual miles on your Subaru can earn lower rates on the low mileage vehicles.
  • Accident Forgiveness – Some insurance companies permit an accident before hitting you with a surcharge as long as you don’t have any claims for a certain period of time.
  • Organization Discounts – Participating in certain professional organizations could qualify you for a break on insurance on Outback insurance.
  • New Vehicle Savings – Insuring a new car can cost up to 25% less compared to insuring an older model.
  • Bundle and Save – When you have multiple policies with the same insurance company you may save at least 10% off all policies.
  • Resident Student – Youth drivers who live away from home and don’t have a car may qualify for this discount.
  • Theft Prevention System – Anti-theft and alarm systems help deter theft and therefore earn up to a 10% discount.
  • Drive Safe and Save – Safe drivers may receive a discount up to 45% less on Outback insurance than their less cautious counterparts.

Drivers should understand that most discounts do not apply the the whole policy. Most only apply to the cost of specific coverages such as comprehensive or collision. So even though they make it sound like all those discounts means the company will pay you, it doesn’t quite work that way. Any qualifying discounts will bring down your premiums.

For a list of companies offering insurance discounts, follow this link.

Parts of the Subaru Outback rate equation

Smart consumers have a good feel for the factors that play a part in calculating car insurance rates. Knowing what controls the rates you pay empowers consumers to make smart changes that can help you get big savings.

Shown below are some of the factors used by your company to calculate your rates.

  • Your occupation can affect rates – Did you know your occupation can influence how much you pay for car insurance? Occupations like lawyers, architects and stock brokers are shown to have the highest rates attributed to high stress and lots of time spent at work. On the other hand, jobs such as actors, students and performers pay the least on Outback insurance.
  • Increase deductibles and save – Physical damage coverage, also known as collision and other-than-collision, is used to repair damage to your Subaru. Some instances where coverage would apply would be a windshield shattered by a rock, vandalism, and burglary. The deductibles are how much you are required to spend out-of-pocket in the event of a claim. The higher the amount you are required to pay out-of-pocket, the lower your rates will be on Outback insurance.
  • Rural vs Urban Areas – Being located in a small town can be a good thing when it comes to car insurance. Urban drivers regularly have much more traffic and longer commute times. Lower population means a lower chance of having an accident and also fewer theft and vandalism claims.
  • An active claims history can cost you – Companies provide lower rates to drivers who file claims infrequently. If you tend to file frequent claims, you can expect either higher rates or even cancellation. Insurance coverage is designed for the large, substantial claims.
  • Teen drivers pay high rates – Teen drivers have a tendency to be more careless behind the wheel so they pay higher car insurance rates. Parents adding a young driver onto a policy can break the bank. Older drivers are viewed as being more responsible, tend to file fewer claims and are safer drivers.
  • Policy add-ons can waste money – There are quite a few extra bells and whistles that can waste your money on your car insurance policy. Coverages for roadside assistance, accident forgiveness and membership fees may be wasting your money. They may seem good when you first buy your policy, but your needs may have changed so eliminate them to save money.

How do I know if I need professional advice?

When buying adequate coverage, there is no one size fits all plan. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that may help you determine whether your personal situation might need an agent’s assistance.

  • Do I need replacement cost coverage?
  • Do I need motorclub coverage?
  • When can I cancel my policy?
  • Should I waive the damage coverage when renting a car?
  • Am I covered when using my vehicle for business?
  • Do I need an umbrella policy?
  • Does my insurance cover a custom paint job?
  • What if I owe more than I can insure my car for?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

Do drivers who switch really save?

Car insurance providers like Progressive, Geico, Allstate and State Farm regularly use ads on television and other media. They all say the same thing about savings if you move your policy. But how can every company claim to save you money? It’s all in the numbers.

Different companies can use profiling for the type of customer that earns them a profit. For instance, a preferred risk could be between the ages of 30 and 50, has no tickets, and drives less than 10,000 miles a year. Any new insured that hits that “sweet spot” gets the lowest rates and as a result will probably save when switching.

Potential insureds who don’t qualify for these standards will be charged higher prices and this can result in business not being written. The ads state “customers that switch” not “people who quote” save that much money. That’s why companies can advertise the savings.

That is why drivers should get as many comparisons as possible. Because you never know which car insurance company will give you the biggest savings on Subaru Outback insurance.

Coverage specifics

Understanding the coverages of insurance can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. These are the normal coverages found on most insurance policies.

Collision coverage – This pays for damage to your Outback from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things such as driving through your garage door, hitting a mailbox and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Liability insurance – Liability insurance provides protection from damage or injury you incur to a person or their property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims like structural damage, medical services and emergency aid. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive insurance – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, falling objects, hail damage, theft and vandalism. The maximum amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Frequently these coverages are identical to your policy’s liability coverage.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for immediate expenses for hospital visits, prosthetic devices, rehabilitation expenses, nursing services and X-ray expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not universally available and may carry a deductible

Power to the consumer

The cheapest 2002 Subaru Outback insurance can be purchased on the web as well as from independent agents, and you need to comparison shop both to have the best rate selection. Some insurance providers don’t offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

As you shop your coverage around, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many cases, someone dropped full coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy the best coverage you can find at the best price.

Other learning opportunities