Lower Your 2015 Subaru Legacy Car Insurance Cost

Purchasing the lowest cost auto insurance on the internet is problematic for people who are new to buying insurance on the web. With such a large number of online companies available, how can anyone possibly compare the different rates to find the best price?

It’s smart to do rate comparisons periodically because rates change regularly. Just because you had the lowest price on Legacy insurance a couple years back a different company probably has better rates today. Starting right now, block out anything you think you know about auto insurance because it’s time to teach you how to quote online to reduce your cost while increasing coverage.

Finding affordable insurance coverage is quite easy. Just about anyone who shops for insurance should be able to cut their insurance bill. But drivers can benefit from knowing how insurance companies price online insurance.

Subaru Legacy insurance premiums are calculated by many factors

An important part of buying insurance is that you know the rating factors that play a part in calculating the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that may reward you with big savings.

  • Safer occupants lowers premiums – Vehicles with good safety scores are cheaper to insure. Safer cars protect occupants better and fewer injuries means lower claim amounts passed on to you as lower rates. If your Subaru Legacy scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Do you have enough liability coverage? – Liability coverage is the protection if a jury decides you are liable for causing damage or personal injury in an accident. It provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not skimp.
  • How your age affects price – Older insureds are viewed as being more responsible, file fewer claims and are safer drivers. Youthful drivers tend to get distracted easily when behind the wheel and because of this, their auto insurance rates are much higher.
  • Discounts for multiple policies – Most insurance companies will give a discount to insureds who buy several policies from them in the form of a multi-policy discount. If you currently are using one company, you may still want to shop around to confirm you are receiving the best rates possible.

Don’t pay full price with these discounts

The price of auto insurance can be rather high, but you can get discounts that many people don’t even know exist. Some discounts apply automatically when you purchase, but a few need to be specially asked for prior to receiving the credit.

  • Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
  • Homeowners Discount – Owning a home can help you save on auto insurance due to the fact that maintaining a home shows financial diligence.
  • Good Student – Getting good grades can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
  • Low Mileage – Low mileage vehicles can qualify you for lower rates on the low mileage vehicles.
  • Auto/Life Discount – Larger companies have lower rates if you buy a life insurance policy as well.
  • Discounts for Safe Drivers – Safe drivers can pay as much as 50% less on Legacy insurance than less cautious drivers.
  • Senior Citizens – Older drivers may be able to get reduced rates on Legacy insurance.
  • Payment Discounts – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Theft Prevention System – Vehicles with anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.

Consumers should know that most credits do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount will reduce your premiums.

A partial list of companies that may have these money-saving discounts include:

Double check with each company what discounts are available to you. Savings might not apply in every state.

Is there deception in advertising?

Insurance companies such as State Farm, Allstate and GEICO constantly bombard you with ads in print and on television. They all seem to make the same claim about savings if you switch to their company. How can each company make almost identical claims?

All the different companies are able to cherry pick for the right customer that earns them a profit. For example, a desirable insured could possibly be between the ages of 30 and 50, has no tickets, and has a high credit rating. Any new insured who matches those parameters gets the lowest rates and is almost guaranteed to cut their rates substantially.

Drivers who fall outside this ideal profile will have to pay higher premiums which leads to the driver buying from a lower-cost company. The ads state “customers that switch” not “everybody who quotes” save that much money. That’s the way companies can advertise the savings.

Because of the profiling, it is so important to get a wide range of price quotes. You cannot predict which insurance company will give you the biggest savings on Subaru Legacy insurance.

Your personal situation dictates your coverage

When choosing proper insurance coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

For instance, these questions could help you determine if your situation will benefit from professional help.

  • Does my liability insurance cover pulling a trailer or camper?
  • What is covered by UM/UIM coverage?
  • Who is covered when they drive my 2015 Subaru Legacy?
  • Is there coverage for injuries to my pets?
  • What if I don’t agree with a claim settlement offer?
  • How does medical payments coverage work?
  • What is an SR-22 filing?
  • Can I rate high risk drivers on liability-only vehicles?
  • When can my company non-renew my policy?
  • Are rock chip repairs covered?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.

Insurance coverages 101

Having a good grasp of insurance can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Liability coverage

This can cover injuries or damage you cause to a person or their property. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as court costs, emergency aid, loss of income, repair costs for stationary objects and medical expenses. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.

Auto collision coverage

Collision coverage covers damage to your Legacy resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as backing into a parked car, rolling your car and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical expense coverage

Med pay and PIP coverage provide coverage for expenses for things like X-ray expenses, nursing services, pain medications, EMT expenses and dental work. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Comprehensive protection

Comprehensive insurance 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 can pay for things like theft, damage from flooding, rock chips in glass, hail damage and falling objects. The most your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your 2015 Subaru Legacy.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Most of the time these coverages do not exceed the liability coverage limits.

One last thing

Throughout this article, we presented quite a bit of information on how to reduce 2015 Subaru Legacy insurance prices online. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding lower rates. Consumers may even find the lowest priced insurance coverage comes from the least-expected company.

Budget-conscious insurance is attainable from both online companies and also from your neighborhood agents, and you need to price shop both in order to have the best chance of saving money. A few companies may not provide online quoting and these small, regional companies work with independent agents.

As you shop your coverage around, do not buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped physical damage coverage only to find out that it was a big error on their part. The ultimate goal is to buy enough coverage at an affordable rate while still protecting your assets.

Even more information is located at these sites: