Cheapest Insurance for a Subaru Outback in Newark

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Do you want to learn to get the cheapest Subaru Outback insurance in Newark? Cutting costs on Subaru Outback insurance in Newark may be challenging for people who are new to comparing prices online. You have so many options available that it can turn into a ton of work to compare premium rates on Subaru Outback insurance.

How to find cheaper Subaru Outback insurance in Newark

Truthfully, the best way to get budget car insurance rates in Newark is to regularly compare prices from insurance carriers who sell auto insurance in New Jersey.

  • Step 1: Gain an understanding of car insurance and the things you can change to prevent rate increases. Many rating criteria that result in higher rates such as your driving record and poor credit history can be remedied by making minor changes to your lifestyle.
  • Step 2: Compare price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like GEICO or Allstate, while independent agencies can quote rates for a wide range of companies.
  • Step 3: Compare the new rate quotes to the premium of your current policy to determine if you can save on Outback insurance in Newark. If you can save money and change companies, ensure there is no coverage lapse between policies.

One thing to remember is to make sure you enter the same amount of coverage on every quote and and to compare as many auto insurance providers as possible. This enables a level playing field and a better comparison of the market.

Insurance quote for Subaru Outback in NewarkEveryone knows that insurance companies don't want their policyholders to compare prices. Insureds who shop around at least once a year will, in all likelihood, switch insurance companies because they stand a good chance of finding coverage at a more affordable price. Surprisingly, a recent survey revealed that drivers who make a habit of shopping around saved as much as $860 a year as compared to drivers who never shopped around for cheaper prices.

If finding budget-friendly Subaru Outback insurance in Newark is your objective, then learning about how to get price quotes and compare insurance premiums can help you succeed in saving money.

Locating the best insurance company for you in Newark is really quite easy. Just about anyone who is looking for a better price on auto insurance stands a good chance to get better rates. Although New Jersey vehicle owners should learn how the larger insurance companies determine what you pay and use this information to your advantage.

How to lower your Subaru Outback insurance cost in Newark, NJ

The are a couple different ways to compare prices from lots of New Jersey car insurance companies. The recommended way to compare rates involves getting comparison quotes online.

It's important to know that obtaining a wide range of quotes helps you find a lower rate than you're paying now.

The companies shown below are our best choices to provide free rate quotes in New Jersey. To find cheap auto insurance in NJ, we recommend you visit several of them in order to find the most competitive rates.

Insurance rate breakdown

The rate table shown next outlines estimates of insurance prices for Subaru Outback models. Learning how prices are established can assist in making smart choices when selecting a policy.

Subaru Outback Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $288 $398 $648 $38 $194 $1,566 $131
Outback 2.5I Premium $288 $484 $648 $38 $194 $1,652 $138
Outback 2.5I Limited $288 $484 $648 $38 $194 $1,652 $138
Outback 3.6R $288 $484 $648 $38 $194 $1,652 $138
Outback 3.6R Premium $288 $484 $648 $38 $194 $1,652 $138
Outback 3.6R Limited $320 $570 $648 $38 $194 $1,770 $148
Get Your Own Custom Quote Go

Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Premium costs do not factor in vehicle location which can raise or lower prices greatly.

Policy deductibles

One common question asked by Newark drivers is where should you set your physical damage deductibles. The comparisons below may aid in understanding the differences in price when you choose different comp and collision deductibles. The first set of prices uses a $250 deductible and the second pricing table uses a $500 deductible.

Subaru Outback insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $420 $514 $480 $28 $144 $1,611 $134
Outback 2.5I Premium $420 $626 $480 $28 $144 $1,723 $144
Outback 2.5I Limited $420 $626 $480 $28 $144 $1,723 $144
Outback 3.6R $420 $626 $480 $28 $144 $1,723 $144
Outback 3.6R Premium $420 $626 $480 $28 $144 $1,723 $144
Outback 3.6R Limited $466 $738 $480 $28 $144 $1,881 $157
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Subaru Outback insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $340 $414 $480 $28 $144 $1,406 $117
Outback 2.5I Premium $340 $504 $480 $28 $144 $1,496 $125
Outback 2.5I Limited $340 $504 $480 $28 $144 $1,496 $125
Outback 3.6R $340 $504 $480 $28 $144 $1,496 $125
Outback 3.6R Premium $340 $504 $480 $28 $144 $1,496 $125
Outback 3.6R Limited $380 $594 $480 $28 $144 $1,626 $136
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rates do not factor in the specific area where the vehicle is garaged which can impact price quotes considerably.

Based on this data, using a $250 deductible will cost you approximately $19 more each month or $228 annually than choosing the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 13 months between claims, you would probably save some money if you choose the higher deductible. Here is how you can make your own decision.

Average monthly premium for $250 deductibles: $145
Average monthly premium for $500 deductibles (subtract): - $126
Monthly savings from raising deductible: $19
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

The information below shows how different deductible levels and can impact Subaru Outback insurance premiums for different age categories. The price estimates are based on a single male driver, comp and collision included, and no policy discounts are applied.

Impact of speeding/accidents on Newark car insurance rates

The illustration below shows how speeding tickets and at-fault claims raise Subaru Outback auto insurance rates for different categories of driver ages. The prices are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.

Subaru Outback liability-only versus full coverage

The illustration below illustrates the comparison of Subaru Outback car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in New Jersey. The rates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

Should you pay for full coverage or liability only?

There is no set guideline to eliminate physical damage coverage, but there is a general convention. If the annual cost of having full coverage is 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let's say your Subaru Outback replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after the policy deductible has been paid. If you are currently paying more than $200 a year for full coverage, then you might want to think about dropping full coverage.

There are a few situations where buying only liability insurance is not advised. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Informed Consumers Save Every Year

Consumers need to have an understanding of some of the elements that go into determining your car insurance rates. If you understand what influences your rates, this helps enable you to make changes that could help you find lower premium levels. Multiple criteria are part of the equation when pricing auto insurance. Most are fairly basic such as your driving history, although some other factors are not as apparent like your vehicle usage and annual miles driven.

Annual mileage and car insurance premiums - Driving more miles in a year's time the higher the price you pay to insure it. The majority of insurers calculate rates based upon how you use the vehicle. Vehicles that have low annual miles receive lower rates than vehicles that are driven to work every day. Ask your agent if your car insurance coverage correctly shows annual mileage, because improper ratings can cost you money. Incorrect rating for your Outback may be costing you.

Safer occupants lowers prices - Vehicles with good safety scores are cheaper to insure. These vehicles protect occupants better and reduced instances of injuries translates into fewer and smaller insurance claims passed on to you as lower rates.

Save money by having good credit - Having a good credit rating is likely to be a major factor in determining premium rates. Therefore, if your credit score could use some work, you could pay less to insure your Subaru Outback if you improve your credit rating. Drivers who have excellent credit scores tend to file fewer claims and have better driving records as compared to drivers with worse credit.

Drive a fast car, truck or SUV and pay more - The performance level of the vehicle you need to insure makes a significant difference in your premium level. Small economy passenger models usually are quite affordable to insure, but your final cost has many other factors.

The following chart uses these assumptions: single male driver age 40, full coverage with $500 deductibles, and no discounts or violations. The data compares Subaru Outback car insurance rates compared to other vehicles that have different performance rating factors.

Lower premiums for being claim-free - Companies in New Jersey provide lower rates to people who do not rely on their insurance for small claims. If you file claims often, you can pretty much guarantee higher premiums or even policy non-renewal. Your insurance policy is intended for more catastrophic claims.

Liability protection is cheap - A critical coverage on your policy, liability insurance is the protection in the event that a jury decides you are liable for physical damage or personal injury to other. It will provide legal defense to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so do not skimp.

Age of drivers impacts prices - Teenage drivers in New Jersey have a tendency to be careless and easily distracted when driving therefore car insurance rates are much higher. Mature drivers tend to be more responsible, tend to file fewer claims, and usually have better credit.

The following chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

High comp and collision deductibles cost less - Insurance for physical damage to your car, aka comp and collision, insures against damage to your Subaru. Some examples of covered claims could be a dented fender, hail damage, and damage from a fallen tree branch. The deductibles tell how much you are required to pay if a claim is determined to be covered. The more damage repair cost you pay before a claim is paid (deductible), the less money you will pay for car insurance.

Loss statistics for a Subaru Outback - Insurers use statistical claims data to determine a rate that will be profitable for them. Vehicles that the data determines to have higher claim amounts or frequency will be charged more to insure.

The table shown below demonstrates the insurance loss data for Subaru Outback vehicles. For each insurance policy coverage type, the claim probability for all vehicles, without regard to make or model, equals 100. Values that are under 100 mean the vehicle has better than average losses, while values over 100 point to more frequent losses or tendency to have higher losses.

Subaru Outback Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Subaru Outback 4WD 58 68 106 63 64 68
Subaru Outback with Eyesight 4WD 57 46 106 61 58 40
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

Why you need insurance for your Outback

Despite the high cost of buying insurance for a Subaru Outback in Newark, auto insurance is required by state law in New Jersey and it also provides benefits you may not be aware of.

  • The majority of states have mandatory liability insurance requirements which means you are required to buy a minimum amount of liability insurance if you don't want to risk a ticket. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If you bought your Subaru with a loan, most banks will stipulate that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the bank or lender will purchase a policy for your Subaru at an extremely high rate and force you to pay for the much more expensive policy.
  • Insurance protects not only your car but also your assets. It also can pay for all forms of medical expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, also covers legal expenses if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will cover the repair costs.

The benefits of insuring your car definitely exceed the price paid, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver overpays more than $869 every year so you should quote and compare rates each time the policy renews to be sure current rates are still competitive.