Trying to find the cheapest auto insurance rates for your Subaru Outback? Tired of trying to scrape together enough money to pay your car insurance bill each month? You are in the same boat as millions of other consumers.
With so many options when it comes to auto insurance, it is very difficult to pick the lowest price provider.
Car insurance companies don’t always advertise every discount very well, so the following is a list of some of the more common and the harder-to-find savings tricks you should be using.
A little note about advertised discounts, many deductions do not apply to the entire policy premium. The majority will only reduce specific coverage prices like collision or personal injury protection. So even though they make it sound like you can get free auto insurance, you’re out of luck.
For a list of providers offering insurance discounts, click here.
Smart consumers have a good feel for the factors that go into determining insurance coverage rates. Knowing what controls the rates you pay enables informed choices that can help you get better insurance coverage rates.
Listed below are a few of the “ingredients” insurance coverage companies consider when setting your rates.
When choosing the best insurance coverage coverage, there really is no perfect coverage plan. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that may help highlight whether your personal situation might need an agent’s assistance.
If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
Progressive, Allstate and Geico consistently run ads on television and other media. All the companies have a common claim about savings if you change to their company. But how can every company make the same claim?
Different companies are able to cherry pick for the driver they prefer to insure. A good example of a profitable customer might be between the ages of 40 and 55, owns a home, and has excellent credit. A driver who meets those qualifications is entitled to the best price and therefore will cut their rates substantially.
Potential insureds who fall outside these standards will be charged more money and this can result in business not being written. The ads say “people who switch” not “people who quote” save that much. That’s why companies can make those claims. That is why it is so important to quote coverage with many companies. It is impossible to predict which insurance companies will fit your personal profile best.
Understanding the coverages of your car insurance policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are the normal coverages available from car insurance companies.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP kick in for expenses for things like hospital visits, pain medications, rehabilitation expenses and surgery. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Collision protection
This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims like crashing into a ditch, hitting a parking meter and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.
Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.
Auto liability
Liability coverage provides protection from damage or injury you incur to other’s property or people by causing an accident. It protects you against claims from other people. It does not 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. You commonly see policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.
Liability coverage protects against claims like funeral expenses, legal defense fees, repair bills for other people’s vehicles, medical expenses and medical services. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.
Comprehensive auto coverage
This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like fire damage, vandalism, a tree branch falling on your vehicle and rock chips in glass. The most a car insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
As you restructure your insurance plan, it’s a bad idea to reduce coverage to reduce premium. Too many times, drivers have reduced comprehensive coverage or liability limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to get the best coverage possible for the lowest price.
Cheap 2000 Subaru Outback insurance is attainable from both online companies and also from your neighborhood agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies may not provide online price quotes and these regional insurance providers work with independent agents.
More detailed insurance coverage information is located at these sites: