Are you looking for a better way to compare more competitive Subaru WRX insurance in Raleigh? No one in their right mind likes having to buy car insurance, especially when they know they are paying too much.
Statistics show that the vast majority of drivers renewed their policy with the same company for more than four years, and about 40% of consumers have never compared rates from other carriers. Many drivers in the United States can save nearly 46.5% each year by just comparing quotes, but most just don’t grasp the benefits if they changed companies. Since you have so many options for buying cheaper insurance for a Subaru WRX in Raleigh, it’s difficult to choose the right car insurance provider.
Quoting more affordable policy in Raleigh is actually quite simple. If you already have coverage or just want cheaper coverage, use these cost-cutting techniques to reduce premiums and possibly find even better coverage. Shoppers only need to know the tricks to compare company rates from multiple carriers.
Lower Insurance Rates with These Tips
A large part of saving on car insurance is knowing the different types of things that aid in calculating the rates you pay for car insurance. When consumers understand what influences your rates, this enables you to make decisions that could help you find lower car insurance prices. Multiple criteria are part of the equation when pricing auto insurance. Most are fairly basic such as your driving record, but other criteria are not as apparent such as your credit history or your vehicle rating.
The items below are some of the things used by companies to determine your rates.
Women tend to cost less – Statistics demonstrate females are less aggressive when driving. Now that doesn’t mean women are BETTER drivers than men. Men and women have accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Not only are claims higher, but men get cited for more serious violations such as driving while intoxicated (DWI) or driving recklessly.
Lower performance equals lower insurance rates – The type of vehicle you are trying to find cheaper insurance for makes a substantial difference in your car insurance bill. Economy passenger cars generally receive the lowest base rates, but your final cost has many other factors.
Incidental coverages can cost a lot – There are quite a few extra bells and whistles that you can get tricked into buying if you aren’t diligent. Insurance for replacement cost coverage, better glass coverage, and term life insurance are some examples. They may seem like a good idea when buying your policy, but if you have no use for them get rid of them and save.
What are good liability limits? – The liability coverage on your policy is the coverage that protects you if you are found to be at fault for personal injury or accident damage. Liability insurance provides you with a defense in court starting from day one. Liability insurance is quite affordable when compared with rates for comp and collision, so buy as much as you can afford.
Having a spouse reduces risk – Having a wife or husband may cut your premiums when shopping for car insurance. Having a spouse is viewed as being more stable financially and it’s statistically proven that being married results in fewer claims.
Subaru WRX claim statistics – Car insurance companies factor in insurance loss information in order to profitably underwrite each model. Vehicles that historically have a higher amount or frequency of claims will be charged more to insure. The table shown below demonstrates the insurance loss data used by companies for Subaru WRX vehicles.
For each type of coverage, the loss probability for all vehicles, regardless of manufacturer or model, is equal to 100. Values that are under 100 imply a favorable loss record, while numbers shown that are more than 100 indicate a higher chance of having a claim or a tendency for losses to be larger than average.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Subaru WRX 4WD | 141 | 82 | 158 | 94 | 81 | 84 |
Statistics from IIHS.org for 2013-2015 Model Years
Lower rate quotes with discounts
Insurance can be pricey, but you might find some hidden discounts that can dramatically reduce your bill. Some discounts will apply at the time you complete a quote, but a few must be manually applied prior to receiving the credit.
- Pay Now and Pay Less – If you can afford to pay the entire bill rather than spreading payments over time you can avoid the installment charge.
- Paper-free Discount – Many larger companies will discount your bill up to fifty bucks for buying your policy over the internet.
- No Claim Discounts – Good drivers with no accidents pay much less compared to policyholders that have many claims.
- Good Student Discount – Getting good grades could provide a savings of up to 20% or more. This discount can apply up to age 25.
- Discounts for Cautious Drivers – Drivers without accidents can get discounts for up to 45% lower rates compared to rates paid by drivers with frequent claims.
- Memberships – Joining specific professional or occupational memberships or organizations may earn a discount on your next insurance statement.
- Low Mileage – Keeping the miles down on your Subaru can qualify you for discounted rates on garaged vehicles.
- Discounts for Federal Employees – Active or former government employment could cut as much as 10% off with a few insurance companies.
Policy discounts save money, but most of the big mark downs will not be given to all coverage premiums. Most only reduce individual premiums such as liability and collision coverage. So despite the fact that it appears you would end up receiving a 100% discount, you won’t be that lucky. Any qualifying discounts will help reduce your policy premiums.
To see a list of insurance companies that offer many of these discounts in North Carolina, follow this link.
In Summary
Lower-priced Subaru WRX insurance in Raleigh is possible on the web as well as from insurance agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance providers don’t offer the ability to get quotes online and usually these small, regional companies only sell coverage through independent insurance agents.
As you go through the steps to switch your coverage, don’t be tempted to skimp on coverage in order to save money. Too many times, someone sacrificed uninsured motorist or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal is to buy enough coverage at an affordable rate while not skimping on critical coverages.
How to find low-cost rates for Subaru WRX insurance in Raleigh
It takes a few minutes, but the best way to get more affordable Subaru WRX insurance is to compare quotes annually from companies that insure vehicles in Raleigh.
First, read and learn about how car insurance works and the measures you can control to prevent expensive coverage. Many rating factors that increase rates such as your driving record and a less-than-favorable credit history can be controlled by improving your driving habits or financial responsibility.
Second, quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from one company like Progressive or Allstate, while agents who are independent can provide price quotes for a wide range of companies. View rates
Third, compare the new rate quotes to your existing coverage to see if a cheaper rate is available. If you find a lower rate, ensure there is no coverage lapse between policies.
A crucial key to this process is to make sure you’re comparing identical deductibles and limits on each quote request and and to get price quotes from as many carriers as you can. Doing this provides a fair price comparison and many rates to choose from.
For more information, take a look at these articles:
- Should I Buy a New or Used Car? (Allstate)
- How Much is Car Insurance for Felons in Raleigh? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Learners Permit in Raleigh? (FAQ)
- Auto Insurance Basics (Insurance Information Institute)
- Smart Auto Insurance Tips (Insurance Information Institute)
- Airbag FAQ (iihs.org)