Save on 2016 Subaru WRX Insurance Cost

Overpriced insurance coverage can eat up your personal savings and require stricter spending habits. Performing a rate comparison is a smart way to make ends meet.

People have so many insurers to pick from, and although it’s a good thing to be able to choose, it makes it harder to get the best deal.

You need to do rate comparisons before your next renewal because prices change frequently. If you had the best deal for WRX coverage six months ago there is a good chance you can find better rates now. Ignore everything you know about insurance coverage because you’re about to find out one of the quickest ways to find better coverage at a better price.

These discounts can lower your auto insurance rates

Not too many consumers would say auto insurance is affordable, but there could be significant discounts that you may not know about. Certain credits will be shown when you complete an application, but lesser-known reductions have to be requested specifically prior to getting the savings.

• Military Rewards – Being deployed with a military unit could qualify you for better rates.
• Seat Belt Usage – Drivers who always wear seat belts and also require passengers to buckle up can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
• Discounts for Responsible Drivers – Drivers who avoid accidents can save as much as half off their rates for WRX coverage than their less cautious counterparts.
• Government Employees – Having worked for a branch of the government can earn a discount up to 10% for WRX coverage with certain companies.
• Multi-Vehicle Discounts – Having multiple vehicles on a single policy can reduce rates for all insured vehicles.
• 55 and Retired – If you’re over the age of 55, you could receive a small discount on rates for WRX coverage.
• Payment Method – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
• Resident Student – who are attending college and do not take a car to college may be able to be covered for less.
• Early Renewal Discounts – A few auto insurance companies give discounts for switching to them before your current policy expires. You could save around 10% when you buy insurance online.
• Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts may earn rate discounts of more than 20%.

You should keep in mind that many deductions do not apply to your bottom line cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Just because it seems like adding up those discounts means a free policy, company stockholders wouldn’t be very happy. But any discount will definitely lower your policy cost.

If you would like to choose from a list of insurers that offer some of these discounts, click here to view.

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Get more affordable insurance costs by understanding these factors

Multiple criteria are used in the calculation when pricing auto insurance. Some are obvious such as traffic violations, although some other factors are less obvious like where you live and annual miles driven.It’s important that you understand the factors that help calculate your premiums. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that can earn you much lower annual insurance costs.

Listed below are some of the most common factors that factor into your prices.

• Accidents inflate premiums – How you drive impacts premiums far more than you think. Having just one moving violation may increase your cost by as much as twenty percent. Drivers with clean records pay lower auto insurance prices as compared to those with violations. Drivers who have gotten serious tickets like DUI or willful reckless driving may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to continue driving.
• Adjust physical damage deductibles and save – Physical damage deductibles are how much you are willing to pay if you file a covered claim. Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Examples of some claims that would be covered could be colliding with a stationary object, animal collisions, and damage caused by road hazards. The higher the amount the insured is willing to pay, the lower your rates will be for WRX coverage.
• Incidental coverages you don’t need – There are a ton of extra coverages you can purchase on your WRX policy. Add-on coverages like replacement cost coverage, towing, and membership fees are some examples. The coverages may be enticing when discussing your needs, but if you have no use for them remove them and pocket the money.
• Limits of liability insurance – The liability section of your policy will provide protection if ever you are responsible for physical damage or personal injury to other. This coverage provides you with a defense in court to defend your case. This coverage is relatively inexpensive compared to comp and collision, so do not skimp.
• Prices can change based on your address – Having an address in a small town may provide you with better prices when trying to find low car insurance rates. People who live in big cities tend to have more road rage incidents and longer commute times. Fewer drivers and short commutes means a lower chance of having an accident and a lower car theft rate.
• Rates can drop if you have more than one policy – Most major insurers apply discounts to clients who carry more than one policy. It’s known as a multi-policy discount. Even though this discount sounds good, you may still want to compare other insurance prices to guarantee you are still saving the most. You may still find better rates by buying insurance from more than one company.
• Car insurance rates and your occupation – Occupations such as real estate brokers, architects and miners tend to have higher average rates due to stressful work requirements and extremely grueling work hours. Conversely, jobs like farmers, engineers and retirees receive lower rates for WRX coverage.

Different people need different auto insurance coverages

When choosing the best auto insurance coverage for your vehicles, there is no one size fits all plan. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions may help highlight whether your personal situation would benefit from an agent’s advice.

• Do I have coverage if my license is suspended?
• Am I covered by my spouse’s policy after a separation?
• Am I covered when driving someone else’s vehicle?
• Do I need added coverage for expensive stereo equipment?
• Can my teen driver be rated on a liability-only vehicle?
• How much underlying liability do I need for an umbrella policy?
• Do I need medical payments coverage since I have good health insurance?
• Can I pay claims out-of-pocket if I buy high deductibles?
• Am I covered if I break a side mirror?
• When should I remove comp and collision on my 2016 Subaru WRX?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Insurance coverage breakdown

Knowing the specifics of your insurance policy helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the usual coverages found on most insurance policies.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2016 Subaru WRX.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are set the same as your liablity limits.

Liability insurance – This coverage provides protection from injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for claims such as court costs, repair bills for other people’s vehicles, medical expenses, bail bonds and structural damage. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible.

Collision – Collision insurance pays for damage to your WRX from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as sustaining damage from a pot hole, backing into a parked car, hitting a mailbox, hitting a parking meter and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as ambulance fees, hospital visits, nursing services and funeral costs. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive insurance – Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like a broken windshield, hail damage, a tree branch falling on your vehicle, falling objects and theft. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

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Quote more, save more

We’ve covered quite a bit of information on how to compare 2016 Subaru WRX insurance prices online. It’s most important to understand that the more quotes you get, the higher your chance of finding low cost insurance. Drivers may discover the best price on insurance coverage is with a smaller regional carrier. Some small companies may only write in your state and offer lower rates compared to the large companies like Geico and State Farm.

When buying insurance coverage, it’s very important that you do not buy poor coverage just to save money. There are a lot of situations where someone dropped comprehensive coverage or liability limits only to regret that the small savings ended up costing them much more. Your focus should be to buy enough coverage at the best price and still be able to protect your assets.

Additional detailed information can be read in these articles:

• A Tree Fell on Your Car: Now What? (Allstate)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• Vehicle Insurance in the U.S. (Wikipedia)
• Understanding Car Crashes Video (iihs.org)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• Tread Depth and Tire Safety (State Farm)

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