Save on 2002 Subaru Impreza Insurance Rates

Searching for the cheapest auto insurance rates for your Subaru Impreza? Are you sick and tired of robbing Peter to pay Paul to pay your car insurance bill each month? You’re in the same situation as most other car owners. You have multiple car insurance companies to purchase coverage from, and even though it’s nice to be able to choose, too many choices makes it more difficult to locate the cheapest rates.

Subaru Impreza insurance rates consist of many parts

It’s important that you understand the different types of things that help determine your insurance coverage rates. Knowing what influences your rates empowers consumers to make smart changes that will entitle you to better insurance coverage rates.

The following are a few of the “ingredients” used by your company to calculate prices.

  • Marriage pays dividends – Having a wife or husband actually saves money on insurance coverage. Having a significant other is viewed as being more mature and responsible it has been statistically shown that drivers who are married are more cautious.
  • Multi-policy discounts can save money – Most companies will award you with lower prices to people who carry more than one policy. It’s known as a multi-policy discount. Discounts can add up to anywhere from five to ten percent in most cases. Even with this discount, you may still want to compare rates to ensure the best deal.
  • Allowing your policy to lapse raises rates – Allowing your coverage to lapse will be a guaranteed way to pay more for insurance coverage. Not only will you pay more, getting caught without coverage will get you a revoked license or a big fine.
  • Do you know your deductibles? – Physical damage insurance, otherwise known as comp (or other than collision) and collision, protects your Subaru from damage. A few examples of covered claims would be colliding with a building, damage caused by hail, and windstorm damage. Physical damage deductibles are the amount of money you are required to spend before a claim is paid by your company. The more expense you have to pay, the less your insurance coverage will be on Impreza insurance.
  • Liability coverage is cheap – Liability coverage is the coverage that protects you in the event that you are found liable for damages caused by your negligence. Liability provides legal defense up to the limits shown on your policy. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.
  • Where you live – Residing in a rural area can save you money when it comes to insurance coverage. City drivers tend to have traffic congestion and much longer commute distances. Lower population means reduced accidents and a lower car theft rate.
  • High crash test scores lower rates – Safer cars get lower rates. These vehicles reduce injuries and fewer injuries means lower claim amounts passed on to you as lower rates. If the Subaru Impreza scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.

Discounts on 2002 Subaru Impreza insurance

Companies offering auto insurance don’t list all available discounts in a way that’s easy to find, so we break down both the well known as well as the least known ways to save on insurance coverage. If you aren’t receiving every discount you deserve, you are paying more than you should be.

  • Sign Online – Some insurance companies give back up to $50 for buying a policy and signing up over the internet.
  • Discount for Swiching Early – Some insurance companies reward drivers for switching policies before your current policy expires. The savings is around 10%.
  • Driver Safety – Taking part in a course teaching defensive driving skills could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Safe Driver Discount – Insureds without accidents may receive a discount up to 45% less on Impreza insurance than drivers with accidents.
  • Drive Less and Save – Keeping the miles down on your Subaru could be rewarded with discounted rates on garaged vehicles.
  • Passive Restraint Discount – Factory air bags or automatic seat belts can receive discounts of up to 25% or more.
  • Club Memberships – Affiliation with a professional or civic organization could qualify you for a break on your policy on Impreza insurance.

It’s important to note that most of the big mark downs will not be given to your bottom line cost. Some only apply to the price of certain insurance coverages like liability and collision coverage. So even though it sounds like it’s possible to get free car insurance, you’re out of luck.

A partial list of companies that may offer these money-saving discounts are:

It’s a good idea to ask all companies you are considering what discounts are available to you. Some discounts might not apply in your area.

Tailor your coverage to you

When choosing coverage, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out if your situation might need an agent’s assistance.

  • Can I rate high risk drivers on liability-only vehicles?
  • Should I get collision insurance on every vehicle?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Do I need an umbrella policy?
  • Should I buy only the required minimum liability coverage?
  • Does my insurance cover my expensive audio equipment?
  • Why do I need rental car insurance?
  • Am I covered if I break a side mirror?
  • Should I bundle my homeowners policy with my auto?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverages

Learning about specific coverages of insurance can be of help when determining the right coverages 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 usual coverages available from insurance companies.

Liability insurance

This can cover damage that occurs to other people or property by causing an accident. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers things like pain and suffering, medical services and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as a broken windshield, a tree branch falling on your vehicle, damage from a tornado or hurricane and theft. The most your insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical costs insurance

Coverage for medical payments and/or PIP pay for bills such as EMT expenses, nursing services and chiropractic care. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

UM/UIM Coverage

This coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your 2002 Subaru Impreza.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Collision insurance

This coverage pays for damage to your Impreza from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like backing into a parked car, crashing into a ditch, crashing into a building, colliding with another moving vehicle and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

A little work can save a LOT of money

We just covered a lot of tips how to compare 2002 Subaru Impreza insurance prices online. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. Drivers may discover the most savings is with some of the smallest insurance companies. Regional companies can often provide lower rates in certain areas as compared to the big name companies such as State Farm, Geico and Nationwide.

As you restructure your insurance plan, it’s a bad idea to buy less coverage just to save a little money. There are a lot of situations where consumers will sacrifice liability limits or collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

Budget-conscious insurance is attainable online as well as from independent agents, so compare prices from both so you have a total pricing picture. Some companies don’t offer online price quotes and most of the time these smaller companies sell through independent agents.

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