How to Compare Corpus Christi Subaru Impreza Insurance

Astonishing but true according to a recent study, the vast majority of car insurance customers in Texas have been with the same company for well over three years, and almost half have never compared rates from other carriers. U.S. insurance shoppers can save hundreds of dollars each year, but they just don’t want to save money by comparing rate quotes.

Truthfully, the best way to get more affordable auto insurance rates in Corpus Christi is to make a habit of regularly comparing prices from providers who provide auto insurance in Texas. Rate comparisons can be done by completing these steps.

1. Read and learn about how your policy works and the things you can control to prevent rate increases. Many factors that cause rate increases like your driving record and an imperfect credit rating can be controlled by making lifestyle changes or driving safer. Continue reading for instructions to help prevent expensive coverage and get discounts that may be available to you.
2. Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO or State Farm, while independent agencies can provide prices from many different companies.
3. Compare the new quotes to your existing rates and determine if cheaper Impreza coverage is available. If you find a lower rate and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Provide notification to your current agent or company of your decision to cancel your current coverage. Submit payment and a signed application to your new insurance company. As soon as you can, keep the new proof of insurance paperwork somewhere easily accessible.

An important part of this process is to compare identical coverage information on each quote request and and to look at as many car insurance companies as possible. Doing this ensures an apples-to-apples comparison and a complete price analysis.

If you’re already insured, you will most likely be able to cut your premiums using the concepts you’re about to learn. Quoting and comparing the best-priced policy in Corpus Christi is not that difficult. Although Texas drivers do need to learn how the larger insurance companies market on the web and use this information to your advantage.

Rates and other information

The table displayed next showcases different coverage prices for Subaru Impreza models. Understanding more about how rate quotes are determined is important to be able to make decisions when shopping around.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Premium amounts do not factor in your specific Corpus Christi location which can modify prices considerably.

Deductible comparison

The hardest decision when buying coverage is where to set your physical damage deductibles. The comparison tables below may help to illustrate how much more rates are between low and high comp and collision deductibles. The first table uses a $250 comprehensive and collision deductible and the second set of rates uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium amounts do not factor in vehicle garaging location which can influence rates substantially.

Based on the above data, using a $250 deductible costs an average of $16 more each month or $192 each year averaged for all Impreza models than quoting the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 16 months between claim filings, you would most likely save money if you choose the higher deductible.

The illustration below illustrates how choosing a deductible and can change Subaru Impreza premium costs for different insured age categories. The rates are based on a married male driver, full coverage, and no discounts are applied.

Full coverage versus liability only rates

The information below shows the difference between Subaru Impreza yearly insurance costs with and without physical damage coverage. Data assumes no accidents or driving violations, $250 deductibles, drivers are single, and no additional discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no exact formula that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let’s say your Subaru Impreza book value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $4,000 after you pay the deductible. If you are paying in excess of $400 a year for physical damage coverage, then it may be the right time to buy liability only.

There are a few cases where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Informed Drivers Save Every Year

Lots of factors are considered when quoting car insurance. Some are obvious such as your driving history, but other factors are not as apparent such as your credit history or your vehicle rating.

Shown below are most of the major factors used by insurance companies to determine your rate level.

Multiple policies with one company can save – Some insurers provide discounts for people that have more than one policy such as combining an auto and homeowners policy. If you currently are using one company, it’s still a good idea to check prices from other companies to confirm you are receiving the best rates possible.

Your car’s features help determine premiums – Purchasing a vehicle that has an advanced theft prevention system can earn a premium discount. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent car theft and help bring rates down.

Rural areas have lower premiums – Choosing to live in a rural area is a positive aspect when talking about insurance. Fewer people means reduced accidents and a lower car theft rate. Urban drivers tend to have much more traffic and much longer commute distances. Longer commute distances means higher likelihood of an accident.

Credit rating impact insurance prices – A driver’s credit score is a big factor in calculating your premium rate. If your credit rating can use some improvement, you could save money insuring your Subaru Impreza by improving your credit score. Drivers who have very good credit scores tend to be more responsible and file fewer claims than drivers who have poor credit.

Gals pay lower rates – Statistics have proven that men are more aggressive behind the wheel. The data does not necessarily mean that men are WORSE drivers than women. They both are responsible for fender benders at a similar rate, but males tend to have more serious accidents. Men also get more serious tickets such as DWI and reckless driving. Young men ages 16 to 20 tend to get in the most accidents and are penalized with high insurance rates.

The information below illustrates the difference between Subaru Impreza insurance costs for male and female drivers. The data is based on no claims or violations, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are applied.

Add-on coverages that may not be needed – Insurance policies have a lot of add-on coverages that can add up but may not be useful. Things like replacement cost coverage, better glass coverage, and additional equipment coverage are probably not needed. They may seem like a good idea when deciding what coverages you need, but your money might be better spent on other coverage so eliminate them to save money.

Lower premiums for safer vehicles – Cars with high safety ratings tend to have better insurance rates. Safer cars have better occupant injury protection and fewer serious injuries means less claims paid passed on to you as lower rates. If your Subaru Impreza scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.

Raising comp and collision deductibles saves money – The deductibles are how much you are willing to pay out-of-pocket if the claim is covered. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of covered claims would be collision with another vehicle, animal collisions, or theft of your vehicle. The larger the amount you pay before a claim is paid (deductible), the lower your rates will be.

Insurance losses for a Subaru Impreza – Insurance companies take into consideration insurance loss statistics for every vehicle in order to profitably underwrite each model. Models that historically have higher loss trends will cost more to insure. The data below shows the historical loss data for Subaru Impreza vehicles.

For each policy coverage type, the statistical loss for all vehicles averaged together is equal to 100. Percentages below 100 indicate better than average losses, while values that are above 100 show a trend for more claims or a tendency for claims to be larger.

Smart shoppers get results

When buying insurance coverage, don’t be tempted to reduce coverage to reduce premium. There are too many instances where an insured cut collision coverage to discover at claim time that the savings was not a smart move. The goal is to purchase plenty of coverage at the best possible price while not skimping on critical coverages.

Cheap Subaru Impreza insurance in Corpus Christi is possible online and from local insurance agents, and you should be comparing both in order to have the best chance of saving money. Some auto insurance companies may not provide online rate quotes and many times these regional carriers only sell coverage through independent agents.

You just read a lot of information how to reduce Subaru Impreza insurance rates online in Corpus Christi. The key thing to remember is the more providers you compare, the higher the chance of saving money. Drivers may even discover the lowest priced auto insurance comes from some of the smallest insurance companies.

Additional information can be read at the links below

• Prom Night Tips for Teen Drivers (State Farm)
• Who Has the Cheapest Car Insurance for Homeowners in Corpus Christi? (FAQ)
• Who Has the Cheapest Corpus Christi Auto Insurance Quotes for Government Employees? (FAQ)
• Who Has the Cheapest Car Insurance Rates for a Toyota Corolla in Corpus Christi? (FAQ)
• Collision Insurance Coverage (Nationwide)
• Eight Auto Insurance Myths (Insurance Information Institute)