2020 Subaru Impreza Insurance Rates in 2024

Searching for lower auto insurance rates for your Subaru Impreza? Are you baffled by the dozens of auto insurance sources that you can choose from? You’re not alone. Vehicle owners have so many options that it can quickly become a real hassle to find lower auto insurance rates.

Lower rates by qualifying for discounts

Auto insurance companies do not advertise every discount very clearly, so we researched both the well known and also the lesser-known credits available to bring down your rates.

• Multiple Cars – Buying insurance for multiple vehicles with the same auto insurance company qualifies for this discount.
• Accident Waiver – This one is not really a discount per se, but certain companies will allow you to have one accident before they charge you more for coverage so long as you haven’t had any claims for a certain period of time.
• Pay Early and Save – By making one initial payment instead of making monthly payments you could save up to 5%.
• Seat Belt Usage – Drivers who require all vehicle occupants to wear their seat belts could cut 10% or more on medical payment and PIP coverage.
• Driver Safety – Completing a safe driver class can save you 5% or more and make you a better driver.

Consumers should know that most discounts do not apply to the entire cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. So even though you would think it’s possible to get free car insurance, companies don’t profit that way. But all discounts will bring down the cost of your policy.

Some companies who might offer these discounts include:

• State Farm
• Farmers Insurance
• GEICO
• American Family
• Nationwide
• Progressive

When comparing rates, check with every prospective company how many discounts you can get. All car insurance discounts may not be available in your area. For a list of insurance companies that offer discounts, enter your zip code here.

Seven factors that impact insurance costs

When buying car insurance it’s important to understand some of the factors that come into play when calculating the level of your policy premiums. When you know what positively or negatively influences your rates, this allows you to make good choices that can earn you lower car insurance prices. Many things are used when you quote your car insurance policy. Some are pretty understandable like a motor vehicle report, but some are more transparent like your continuous coverage or your financial responsibility.

• Avoid unnecessary add-on coverages – Policies have optional add-on coverages that you can buy if you aren’t diligent. Coverage for things like coverage for rental cars, accident forgiveness, and motor club memberships may be costing you every month. The coverages may be enticing when discussing your needs, but now you might not need them so remove them from your policy.
• Your credit rating is important – A driver’s credit score can be a huge factor in calculating your premium rate. So if your credit score is not that good, you could save money insuring your 2020 Subaru Impreza by taking the time to improve your credit score. People that have very good credit scores tend to be more responsible than those with poor credit.
• Marriage can save you money – Walking down the aisle actually saves money on your policy. It means you’re more mature it has been statistically shown that married couples file fewer claims.
• Do males or females drive better? – Statistics show that females tend to be a little less risky than males. However, don’t assume that women are better drivers. Women and men tend to get into accidents in similar numbers, but the males cause more damage and cost insurance companies more money. In addition to higher claims, males also get higher numbers of serious violations like driving under the influence (DUI). Youthful male drivers cause the most accidents so they pay the highest premiums.
• Vocation stress can affect prices – Jobs like military generals, business owners and financial analysts are shown to have the highest rates in part from intense work-related stress and long work hours. Other careers such as farmers, historians and homemakers generally pay rates lower than average for Impreza coverage.
• Safer vehicles lower premiums – Vehicles that have high safety ratings get lower rates. Highly rated vehicles reduce the chance of injuries and reduced instances of injuries means less money paid by your insurance company and thus lower rates.
• Can a thief steal your car? – Driving a car with advanced anti-theft systems can save you some money. Theft prevention devices such as OnStar, LoJack tracking, and tamper alarms can thwart auto theft and help lower rates.

Car insurance is unique, just like you

When buying coverage for your personal vehicles, there really is not a “perfect” insurance plan. Every insured’s situation is different.

For example, these questions may help highlight whether or not you would benefit from an agent’s advice.

• Will I be non-renewed for getting a DUI or other conviction?
• Does my policy pay for OEM or aftermarket parts?
• Are all vehicle passengers covered by medical payments coverage?
• Will I lose any money if I cancel my policy before it expires?
• Who is covered when they drive my 2020 Subaru Impreza?
• How high should my uninsured/underinsured coverage be in my state?
• Exactly who is provided coverage by my policy?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out your zip code.

Well known brands might not be cheapest

Allstate and Progressive constantly bombard you with ads in print and on television. They all seem to try to convey promises that drivers can save some big amount if you get a free auto insurance quote and switch to them. But how can every company say the same thing? Here is how they do it.

Insurance providers have strict underwriting profiles for the type of driver that will add to their bottom line. A good example of a driver they prefer might have to be between the ages of 30 and 45, insures multiple vehicles, and drives a vehicle with a low ISO rating. Someone who matches that profile will probably get the lowest prices and will also save if they switch.

Insureds who do not fit these stringent criteria will probably be forced to pay more expensive rates and ends up with the customer buying from someone else. The trick is to say “customers that switch” not “everyone who quotes” can get the lowest rates when switching. That’s the way companies can truthfully advertise the savings.

Because of this risk profiling, it’s extremely important to do a quote comparison often. It’s just not possible to know with any certainty which company will have the lowest rates.

Parts of your insurance policy

Understanding the coverages of your policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for bills like X-ray expenses, ambulance fees, dental work, surgery and doctor visits. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Coverage for collisions

This coverage will pay to fix damage to your Impreza resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things such as sustaining damage from a pot hole, crashing into a building and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also raise the deductible to bring the cost down.

Liability auto insurance

This coverage can cover injuries or damage you cause to other people or property by causing an accident. It protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as legal defense fees, attorney fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but buy as large an amount as possible.

Comprehensive coverage

This covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as rock chips in glass, falling objects and damage from flooding. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist coverage

This provides protection when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Best coverage at the best price

Throughout this article, we presented a lot of ways to save on 2020 Subaru Impreza insurance. It’s most important to understand that the more you quote auto insurance, the better likelihood of getting cheaper auto insurance. Consumers may even find the most savings is with a company that doesn’t do a lot of advertising.

When getting auto insurance quotes online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your goal should be to find the BEST coverage for the lowest price but still have enough coverage for asset protection.

Cheap 2020 Subaru Impreza insurance can be purchased from both online companies as well as from insurance agents, so you should be comparing quotes from both to have the best selection. There are still a few companies who may not offer the ability to get quotes online and most of the time these regional insurance providers work with independent insurance agents.