Cheaper 2004 Subaru Legacy Insurance Cost

Searching for the lowest cost insurance over the internet can be difficult for people who are new to price shopping online. Because there are so many online companies, how can anyone even start to compare the different rates to find the best price?

These discounts can lower your rates

Insurance can cost an arm and a leg, but companies offer discounts that you may not even be aware of. Some discounts apply automatically at quote time, but a few need to be asked for before you get the savings.

  • Theft Prevention System – Anti-theft and alarm systems help deter theft and earn discounts up to 10%.
  • Good Student Discount – A discount for being a good student can get you a discount of up to 25%. The good student discount can last well after school through age 25.
  • Low Mileage Discounts – Low mileage vehicles could qualify for discounted rates on garaged vehicles.
  • One Accident Forgiven – Certain companies will allow you to have one accident before your rates go up if your claims history is clear for a set time period.
  • Payment Method – If you pay your bill all at once instead of making monthly payments you could save up to 5%.
  • Early Switch Discount – Select companies give a discount for buying a policy before your current expiration date. It’s a savings of about 10%.
  • Drivers Ed for Students – Cut your cost by having your teen driver take driver’s ed class in school.

A little note about advertised discounts, some of the credits will not apply to the entire cost. Most only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like adding up those discounts means a free policy, companies wouldn’t make money that way. Any qualifying discounts will bring down your overall premium however.

Car insurance companies that possibly offer these money-saving discounts are:

It’s a good idea to ask each company which discounts they offer. Savings might not be offered in your area.

How to Compare Insurance Rates

To find the best insurance prices, there are several ways to compare quotes from different insurance companies. The simplest method to find the cheapest 2004 Subaru Legacy insurance rates consists of obtaining rate quotes online. This can be accomplished in a couple of different ways.

  1. The easiest and least time consuming way to find low rates would be an industry-wide quote request form click here to open form in new window. This type of form keeps you from doing boring form submissions for every insurance company. Just one form gets you coverage quotes direct from many companies. It’s the fastest way to compare.
  2. A slightly less efficient method to get quotes online is going to the website of each company to request a price quote. For sake of this example, we’ll pretend you want comparison quotes from Farmers, Progressive and GMAC. To get rate quotes you would need to spend time on each company’s site and enter your policy data, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

However you get your quotes, make sure you use apples-to-apples quote information on every quote. If you are comparing higher or lower deductibles you can’t possibly truly determine the lowest rate. Just a small difference in insurance coverages may result in a large different in cost. And when comparison shopping, comparing more company’s prices will improve the odds of getting the best rates.

Some factors that can determine what Subaru Legacy insurance costs

Consumers need to have an understanding of the factors that come into play when calculating the price you pay for insurance coverage. Knowing what impacts premium levels helps enable you to make changes that could result in better insurance coverage rates.

  • Safer occupants lowers premiums – Vehicles with high crash test scores get lower rates. Safe vehicles have better occupant injury protection and better occupant protection translates into savings for insurance companies and thus lower rates. If your Subaru has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • Bad driving skills means higher rates – Only having one ticket may increase your cost forty percent or more. Drivers with clean records receive lower rates than people who have multiple driving citations. Drivers with severe tickets such as hit and run, DWI or reckless driving convictions are required to file a SR-22 with the DMV in their state in order to drive a vehicle legally.
  • Always keep insurance in force – Not having insurance is a misdemeanor and insurance coverage companies will penalize you for letting your coverage lapse. And not only will your rates increase, failure to provide proof of insurance may earn you a hefty fine and possibly a revoked license.You may have to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
  • High deductibles save money – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Subaru. Examples of covered claims would be running into the backend of another car, damage from fire, and windstorm damage. The deductibles are how much you are required to spend out-of-pocket if you file a covered claim. The more you’re willing to pay, the bigger discount you will receive on Legacy insurance.
  • Your insurance coverage rates can be influenced by your job – Did you know your job can affect your rates? Careers like real estate brokers, executives and stock brokers tend to have the highest rates because of high stress and lengthy work days. On the other hand, professions such as actors, students and performers receive lower rates on Legacy insurance.
  • Where you live can impact rates – Choosing to live in less populated areas has it’s advantages when buying insurance coverage. Drivers in populated areas tend to have congested traffic and longer commutes to work. Lower population means reduced accidents and also fewer theft and vandalism claims.
  • Save money with special equipment – Purchasing a vehicle with anti-theft technology or alarm system can help lower your rates. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping auto theft.

Different people need different coverages

When it comes to choosing coverage, there is no one size fits all plan. Every situation is different.

For instance, these questions may help you determine whether your personal situation may require specific advice.

  • Can I afford to buy a different vehicle if my 2004 Subaru Legacy is totaled?
  • How much underlying liability do I need for an umbrella policy?
  • Am I covered when delivering products for my home-based business?
  • Does having multiple vehicles earn me a discount?
  • What discounts do I qualify for?
  • What is an SR-22 filing?
  • Should I buy only the required minimum liability coverage?
  • Am I covered when using my vehicle for business?
  • Is my state a no-fault state?
  • Does my 2004 Subaru Legacy need full coverage?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form.

The auto insurance bait and switch

Companies like GEICO, State Farm and Progressive continually stream television and radio advertisements. All the ads have a common claim that you’ll save big after switching your coverage to them. How does each company claim to save you money? This is how they do it.

Different companies have a preferred profile for the type of customer they prefer to insure. For example, a preferred risk might be profiled as between the ages of 40 and 55, is a homeowner, and drives newer vehicles. Any driver who fits that profile will get the preferred rates and is almost guaranteed to save a lot of money.

Potential insureds who do not match these standards must pay higher prices and this can result in the driver buying from a lower-cost company. The ad wording is “people who switch” not “everybody who quotes” save that kind of money. That’s why companies can truthfully state the savings.

This illustrates why drivers should compare as many rates as you can. Because you never know the company that will fit your personal profile best.

Insurance coverages and their meanings

Learning about specific coverages of your policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Liability auto insurance

This provides protection from damage or injury you incur to other people or property that is your fault. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like funeral expenses, medical expenses, legal defense fees, loss of income and attorney fees. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like ambulance fees, prosthetic devices, pain medications and rehabilitation expenses. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Comprehensive protection

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like theft, hitting a bird and a broken windshield. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Subaru Legacy.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as scraping a guard rail, hitting a mailbox, hitting a parking meter and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Quote more, save more

Insureds leave their current company for a variety of reasons including denial of a claim, not issuing a premium refund, unfair underwriting practices and being labeled a high risk driver. Whatever your reason, choosing a new company is less work than it seems.

Cheaper 2004 Subaru Legacy insurance can be bought online and also from your neighborhood agents, so you should be comparing quotes from both to have the best rate selection. There are still a few companies who may not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

As you shop your coverage around, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, an insured dropped comprehensive coverage or liability limits only to find out that it was a big error on their part. Your goal should be to get the best coverage possible at a price you can afford while still protecting your assets.

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