Affordable Rates for Subaru Legacy Insurance in Newark

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Subaru Legacy insurance cost
Subaru Legacy insurance cost image courtesy of QuoteInspector.com

Insurance rates Subaru Legacy in NewarkIf your goal is the lowest price, then the best way to get cheaper auto insurance rates is to start doing a yearly price comparison from different companies who provide car insurance in Newark. You can compare rates by following these guidelines.

  1. Try to learn about the different coverages in a policy and the modifications you can make to keep rates down. Many factors that are responsible for high rates like traffic citations, accidents, and your credit history can be remedied by being financially responsible and driving safely. This article gives more ideas to prevent rate hikes and find overlooked discounts.
  2. Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from a single company like Progressive and State Farm, while agents who are independent can give you price quotes for many different companies.
  3. Compare the quotes to your current policy and see if you can save money. If you can save some money, ensure there is no coverage lapse between policies.
  4. Provide proper notification to your current company to cancel your current coverage. Submit a signed application and payment to your new insurance company. Make sure you put the proof of insurance paperwork with your registration paperwork.

A crucial key to this process is to try to compare identical coverages on each quote request and and to get price estimates from as many carriers as you can. Doing this provides a fair rate comparison and the best rate selection.

Unfortunately, almost 70% of drivers in New Jersey renewed their policy with the same company for a minimum of four years, and practically 40% of car insurance customers have never compared rates to find lower-cost insurance. Drivers in the U.S. could save themselves as much as $850 a year by just comparing rate quotes, but they don't know the big savings they would realize if they switch to a new company.

Buying the cheapest insurance in Newark is actually not that difficult if you follow our advice. In a nutshell, each driver who is looking for a better price on insurance most likely will buy a cheaper policy. But New Jersey vehicle owners benefit from understanding the way insurance companies compete online because it can help you find the best coverage.

Seven Things That Determine Your Insurance Prices

Multiple criteria are used in the calculation when premium rates are determined. A few of the factors are predictable such as traffic violations, although others are more obscure such as your marital status or how safe your car is.

Save money with alarm systems - Driving a car with advanced anti-theft systems can help bring down rates. Advanced theft deterrents like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop car theft and help bring rates down.

Tickets mean higher premiums - Even one citation may increase your cost by twenty percent. Drivers who don't get tickets pay less for auto insurance as compared to careless drivers. Drivers who have serious violations such as DUI or willful reckless driving are required to file a SR-22 with their state's department of motor vehicles in order to legally drive a vehicle.

The illustration below demonstrates how speeding tickets and accident claims influence Subaru Legacy car insurance rates for each age group. Data assumes a single male driver, full coverage, $250 deductibles, and no additional discounts are factored in.

Big city or small town - Residing in small towns and rural areas is a good thing when talking about insurance. City drivers have to deal with more aggressive driving styles and much longer commute distances. Lower population corresponds to lower accident rates.

Age of drivers - Young drivers in New Jersey are known to be inattentive and easily distracted behind the wheel and because of this, their insurance rates are much higher. Parents adding a beginning driver to your policy can really hurt. Older drivers tend to be more responsible, cause fewer claims and accidents, and are safer drivers.

The following data uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

Single drivers take more risk - Walking down the aisle can get you a discount on your policy. Having a significant other translates into being more stable financially it has been statistically shown that drivers who are married are more cautious.

Annual mileage and car insurance rates - Driving a lot of miles each year the higher your rates will be. Most companies calculate rates based on their usage. Cars and trucks left parked in the garage qualify for better rates than vehicles that have high annual mileage. It's a good idea to make sure your insurance policy is showing the right rating data, because improper ratings can cost you money. An incorrectly rated Legacy is just wasting money.

Do you work long hours in a stressful vocation? - Did you know your job can affect your rates? Jobs such as lawyers, airline pilots, and medical professionals are shown to have higher rates than the rest of us due to high stress and incredibly demanding work hours. On the flip side, careers like professors, engineers and performers pay the least.

Insurance losses for a Subaru Legacy - Companies factor in historical loss data to calculate a rate that will offset any claims. Models that the data determines to have a higher amount or frequency of claims will cost more to insure.

The data below shows the actual insurance loss data for Subaru Legacy vehicles. For each coverage category, the loss probability for all vehicles, regardless of make or model, is represented as 100. Values that are below 100 suggest a better than average loss history, while numbers above 100 point to more losses or statistically larger claims.

Insurance Loss Ratings for Subaru Legacy Vehicles
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Subaru Legacy 4WD 74 64 115 83 80 76
Subaru Legacy with Eyesight 4WD 71 52 122 71
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Subaru Legacy insurance charts and tables

The premium table shown next highlights estimates of rate quotes for Subaru Legacy models. Having insight into how insurance prices are determined is important for you to make decisions when shopping your coverage around.

Subaru Legacy Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Legacy 2.5I $248 $318 $428 $26 $128 $1,148 $96
Legacy 2.5I Premium $248 $386 $428 $26 $128 $1,216 $101
Legacy 2.5I Premium $248 $386 $428 $26 $128 $1,216 $101
Legacy 3.6R Premium $274 $386 $428 $26 $128 $1,242 $104
Legacy 3.6R $274 $386 $428 $26 $128 $1,242 $104
Legacy 2.5I Limited $274 $386 $428 $26 $128 $1,242 $104
Legacy 2.5GT Premium $274 $454 $428 $26 $128 $1,310 $109
Legacy 3.6R Limited $274 $454 $428 $26 $128 $1,310 $109
Legacy 2.5 GT Limited $274 $454 $428 $26 $128 $1,310 $109
Legacy 2.5 GT Limited $274 $454 $428 $26 $128 $1,310 $109
Legacy 2.5 GT Limited $274 $454 $428 $26 $128 $1,310 $109
Get Your Own Custom Quote Go

Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Estimates do not factor in vehicle garaging location which can affect coverage rates considerably.

Should you raise deductibles?

A question often asked by Newark drivers is which deductibles should you choose. The premium rates below illustrate the price difference when you buy lower versus higher deductibles. The first rate table uses a $100 physical damage coverage deductible and the second price table uses a $1,000 deductible.

Subaru Legacy insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Legacy 2.5I $520 $614 $408 $24 $122 $1,713 $143
Legacy 2.5I Premium $520 $746 $408 $24 $122 $1,845 $154
Legacy 2.5I Premium $520 $746 $408 $24 $122 $1,845 $154
Legacy 3.6R Premium $574 $746 $408 $24 $122 $1,899 $158
Legacy 3.6R $574 $746 $408 $24 $122 $1,899 $158
Legacy 2.5I Limited $574 $746 $408 $24 $122 $1,899 $158
Legacy 2.5GT Premium $574 $880 $408 $24 $122 $2,033 $169
Legacy 3.6R Limited $574 $880 $408 $24 $122 $2,033 $169
Legacy 2.5 GT Limited $574 $880 $408 $24 $122 $2,033 $169
Legacy 2.5 GT Limited $574 $880 $408 $24 $122 $2,033 $169
Legacy 2.5 GT Limited $574 $880 $408 $24 $122 $2,033 $169
Get Your Own Custom Quote Go
Subaru Legacy insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Legacy 2.5I $288 $324 $408 $24 $122 $1,166 $97
Legacy 2.5I Premium $288 $394 $408 $24 $122 $1,236 $103
Legacy 2.5I Premium $288 $394 $408 $24 $122 $1,236 $103
Legacy 3.6R Premium $318 $394 $408 $24 $122 $1,266 $106
Legacy 3.6R $318 $394 $408 $24 $122 $1,266 $106
Legacy 2.5I Limited $318 $394 $408 $24 $122 $1,266 $106
Legacy 2.5GT Premium $318 $464 $408 $24 $122 $1,336 $111
Legacy 3.6R Limited $318 $464 $408 $24 $122 $1,336 $111
Legacy 2.5 GT Limited $318 $464 $408 $24 $122 $1,336 $111
Legacy 2.5 GT Limited $318 $464 $408 $24 $122 $1,336 $111
Legacy 2.5 GT Limited $318 $464 $408 $24 $122 $1,336 $111
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Rates do not factor in your specific Newark location which can revise price quotes substantially.

Based on the above data, using a $100 deductible costs roughly $54 more each month or $648 each year than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 17 months between claims, you would save more money going with the higher deductible. The table below illustrates an example of how you can decide this on your own policy.

Average monthly premium for $100 deductibles: $161
Average monthly premium for $1,000 deductibles (subtract): - $107
Monthly savings from raising deductible: $54
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $54
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One important issue to know is that raising deductibles to save money means you will have to pay more out-of-pocket at claim time. You should have some savings in the bank in the event you have to pay the higher deductible in order to repair your vehicle.

Men versus women drivers and insurance cost

The example below illustrates the difference between Subaru Legacy yearly insurance costs for male and female drivers. The data assumes no violations or accidents, comp and collision included, $500 deductibles, single status, and no discounts are applied to the premium.

Affordable rates on Subaru Legacy insurance in Newark with these car insurance discounts

Car insurance is expensive, but you may find discounts that you may not know about. Some of these discounts will be visible when you complete an application, but a few must be requested specifically before you will receive the discount. If you don't get every credit possible, you could be paying more than you need to.Car insurance discounts

  • E-sign Discounts - Certain larger companies will provide an incentive for buying your policy on the web.
  • Seat Belt Usage - Using a seat belt and requiring all passengers to buckle up before driving can save a little on the premium charged for medical payments and/or PIP.
  • Memberships - Belonging to qualifying employment or professional organizations is a simple method to lower premiums on your bill.
  • Safe Driver Discounts - Drivers who avoid accidents can save up to 40% or more on their Newark auto insurance quote compared to accident prone drivers.
  • Accident Waiver - This one is not really a discount per se, but a handful of insurance companies permit an accident without getting socked with a rate hike as long as you don't have any claims prior to being involved in the accident.
  • More Vehicles More Savings - Buying insurance for all your vehicles with the same company qualifies for this discount.
  • Claim Free - Insureds with no claims or accidents pay less in comparison with drivers with a long claim history.

Just know that most credits do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like medical payments or collision. Even though it may seem like having all the discounts means you get insurance for free, company stockholders wouldn't be very happy.

The diagram below shows the difference between Subaru Legacy auto insurance costs with and without discounts applied to the policy rates. The data assumes a male driver, no claims or driving violations, New Jersey state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, claim-free, marriage, and multi-car discounts applied.

Some of the larger companies who may offer some of the discounts shown above are:

If you want affordable Newark auto insurance quotes, ask all the companies which discounts you may be entitled to. Some of the discounts discussed earlier might not be available to policyholders in your state.

Ratings for Newark auto insurance companies

Ending up with the best insurer is hard considering how many companies there are in Newark. The ranking information in the next section can help you pick which car insurance companies you want to consider when shopping your coverage around.

Top 10 Newark Car Insurance Companies Ranked by Customer Service

  1. Mercury Insurance
  2. The Hartford
  3. American Family
  4. Progressive
  5. GEICO
  6. USAA
  7. State Farm
  8. Travelers
  9. Farmers Insurance
  10. Allstate

More effort can pay off

There are still a few companies who do not provide the ability to get a quote online and many times these regional insurance providers work with independent insurance agencies. Budget-friendly insurance in Newark can be sourced online in addition to many Newark insurance agents, and you need to price shop both to have the best rate selection.

We just covered a lot of ways to shop for Subaru Legacy insurance online. The most important thing to understand is the more times you quote, the better your chances of lowering your car insurance rates. You may even be surprised to find that the lowest rates come from the smaller companies. These smaller insurers may have significantly lower car insurance rates on certain market segments than the large multi-state companies such as GEICO and State Farm.

As you quote Newark auto insurance, make sure you don't sacrifice coverage to reduce premiums. In many instances, someone sacrificed uninsured motorist or liability limits and discovered at claim time that it was a big mistake. Your aim should be to buy the best coverage you can find at the lowest possible cost while not skimping on critical coverages.

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