Car Insurance Quotes for a Subaru Impreza in Raleigh

Everyone knows that insurance companies don’t want customers comparing rates. Drivers who shop around for cheaper prices will presumably switch insurance companies because there is a good chance of finding better rates. A recent survey discovered that people who routinely compared quotes saved on average $70 a month compared to other drivers who don’t make a habit of comparing rates.

If finding the lowest rates on insurance is why you’re here, then having a good understanding how to choose a company and compare insurance can help you succeed in saving money.

If saving the most money is your goal, then the best way to get the cheapest Subaru Impreza insurance is to regularly compare price quotes from insurers who sell auto insurance in Raleigh. Rate comparisons can be done by following these steps.

1. Get an understanding of how car insurance works and the things you can control to prevent expensive coverage. Many factors that cause high rates such as traffic citations and an unacceptable credit score can be improved by being financially responsible and driving safely.
2. Obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive or Allstate, while agents who are independent can provide price quotes from multiple insurance companies.
3. Compare the new rates to the price on your current policy and determine if there is any savings. If you find a lower rate and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
4. Provide notification to your current company of your intention to cancel the current policy. Submit the completed application along with a down payment to the new company. Once the application is submitted, put the certificate of insurance along with your vehicle registration.

One thing to point out is that you use the same amount of coverage on every price quote and and to get rates from as many different insurance providers as possible. This enables a level playing field and a complete price analysis.

How to get free Subaru Impreza insurance quotes online

Keep in mind that comparing a large number of companies will increase your chances of finding a better price.

The companies in the list below offer comparison quotes in North Carolina. To buy cheaper car insurance in Raleigh, it’s a good idea that you visit as many as you can to get a more complete price comparison.

Choosing Subaru Impreza insurance is an important decision

Despite the potentially high cost of Subaru Impreza insurance, insurance is required in North Carolina but also provides important benefits.

• Most states have mandatory liability insurance requirements which means you are required to buy specific minimum amounts of liability in order to get the vehicle licensed. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you bought your vehicle with a loan, most lenders will require that you have insurance to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Subaru at a much higher premium rate and make you pay a much higher amount than you were paying before.
• Insurance protects not only your Subaru Impreza but also your assets. It will also reimburse you for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.

The benefits of insuring your car outweigh the cost, particularly when you have a large claim. The average driver in America overpays more than $800 each year so compare quotes from several companies every year to ensure rates are inline.

Subaru Impreza insurance analysis

The premium table displayed below highlights different insurance premium costs for Subaru Impreza models. Learning how insurance prices are figured can help drivers make smart choices when selecting a coverage provider.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rate quotes do not factor in your specific Raleigh location which can revise insurance rates noticeably.

Higher deductibles lower rates

One common question asked by Raleigh drivers is at what level do you set your deductibles. The tables below may help to conceptualize the rate fluctuation of buying low and high deductibles. The first set of rates uses a $100 deductible for physical damage and the second price grid uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Price estimates do not factor in specific location information which can decrease or increase premium rates greatly.

Based on these figures, using a $100 deductible will cost you about $28 more each month or $336 a year than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 32 months between claims, you would probably save some money going with the higher deductible.

Cost difference between full coverage and liability

The chart below visualizes the comparison of Subaru Impreza auto insurance costs with full coverage compared to only the North Carolina minimum liability coverage. The prices are based on no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are factored in.

Guidelines for dropping full coverage

There is no specific rule for eliminating physical damage coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s say your Subaru Impreza claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after paying your policy deductible. If you are paying in excess of $400 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some conditions where buying only liability insurance is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage in place.

Car insurance policy discounts for Subaru Impreza insurance in Raleigh

Car insurance is not inexpensive, but there are discounts available that can drop the cost substantially. Larger premium reductions will be automatically applied when you complete an application, but some must be asked about before you get the savings.

• Paperless Signup – A few car insurance companies provide a small discount for buying a policy and signing up on the web.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase auto and life insurance together.
• Data Collection Discounts – Policyholders that allow their car insurance company to look at where and when they drive by using a telematics device in their vehicle like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if their driving habits are good.
• Driver Safety – Passing a safe driver course could cut 5% off your bill if you qualify.
• Government Employees – Employees or retirees of the government can earn a discount up to 10% with certain companies.
• Discounts for Safe Drivers – Drivers who avoid accidents may save up to 50% more compared to accident prone drivers.
• Student Driver Training – It’s a good idea to have your young drivers take driver’s ed class if it’s offered in school.
• Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.

Discounts reduce rates, but you should keep in mind that most credits do not apply to the entire policy premium. Some only reduce specific coverage prices like comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, companies wouldn’t make money that way. But all discounts will bring down your overall bill.

The example below illustrates the difference between Subaru Impreza insurance costs with and without discounts. The premiums are based on a male driver, no accidents, no driving violations, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, multi-policy, claim-free, and safe-driver discounts applied.

Insurance companies that may offer some of the discounts shown above include:

• State Farm
• Esurance
• Progressive
• Liberty Mutual
• Auto-Owners Insurance
• GEICO

When getting a coverage quote, ask each company or agent to apply every possible discount. Depending on the company, some discounts might not apply everywhere. To find companies who offer car insurance discounts in North Carolina, click here.