Trying to find lower car insurance rates for your Subaru Legacy? Did you fall for a flashy sales pitch and buy high-priced car insurance? Believe me, you are not the only one feeling buyer’s remorse.
Since consumers have many insurance companies to choose from, it is hard for the average consumer to pick the most cost effective company.
It’s a good idea to compare prices at least once a year since insurance rates fluctuate regularly. Even if you think you had the lowest price for Legacy insurance on your last policy there is a good chance you can find better rates now. Forget anything you know (or think you know) about car insurance because you’re about to find out the best methods to get good coverage at a lower rate.
Insurance can be prohibitively expensive, but discounts can save money and there are some available to cut the cost considerably. Some trigger automatically when you complete an application, but less common discounts must be asked about prior to receiving the credit.
As a disclaimer on discounts, most discounts do not apply to all coverage premiums. Most cut the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, insurance companies aren’t that generous. But any discount will cut the amount you have to pay.
To see a list of providers who offer insurance discounts, click this link.
When buying adequate coverage, there isn’t really a “best” method to buy coverage. Every insured’s situation is different so this has to be addressed. For instance, these questions could help you determine if your insurance needs might need an agent’s assistance.
If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance companies in your area.
Having a good grasp of your policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by auto insurance companies.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Subaru Legacy.
Because many people only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are set the same as your liablity limits.
Liability auto insurance
This will cover injuries or damage you cause to other people or property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.
Liability can pay for claims such as legal defense fees, pain and suffering, structural damage, loss of income and attorney fees. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.
This will pay to fix damage to your Legacy caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision coverage pays for claims like hitting a parking meter, damaging your car on a curb, colliding with another moving vehicle, crashing into a building and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.
Medical expense coverage
Coverage for medical payments and/or PIP pay for bills such as surgery, EMT expenses, pain medications, funeral costs and nursing services. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as fire damage, vandalism, hitting a bird, a broken windshield and theft. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
We’ve covered a lot of ways to lower your 2001 Subaru Legacy insurance rates. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the best price on car insurance is with some of the smallest insurance companies. Regional companies often have lower prices on specific markets than the large multi-state companies such as Progressive or Geico.
When trying to cut insurance costs, do not buy lower coverage limits just to save a few bucks. In many instances, someone sacrificed liability limits or collision coverage and learned later that it was a big error on their part. Your focus should be to purchase a proper amount of coverage at an affordable rate while still protecting your assets.
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