Cheap Quotes for Subaru Outback Insurance in Durham

Inconceivable but true, over 70% of consumers have remained with the same auto insurance company for more than four years, and almost 40% of drivers have never shopped around. Many consumers in America could save $859 every year, but they underestimate how much savings they would realize if they switched to a cheaper policy.

The preferred way to get more affordable auto insurance rates in Durham is to compare quotes once a year from insurance carriers in North Carolina. Prices can be compared by following these guidelines.

1. Spend a few minutes and learn about what coverages are included in your policy and the things you can control to keep rates in check. Many things that cause high rates like careless driving and poor credit history can be amended by making minor changes in your lifestyle.
2. Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO and State Farm, while independent agents can quote rates from many different companies.
3. Compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate, ensure coverage does not lapse between policies.

A valuable tip to remember is to try to compare similar coverage information on every quote and and to get quotes from as many companies as possible. This helps ensure a level playing field and a complete price analysis.

Our goal is to let you in on how auto insurance companies operate and how you can save the most money. If you already have coverage, you will be able to reduce premiums using these methods. Nevertheless, North Carolina car owners do need to understand how the larger insurance companies determine premium rates because it can help you find the best coverage.

When shopping for low cost Durham car insurance quotes, there are a couple of ways of comparing rates from companies that offer auto insurance in North Carolina. The easiest way by far to compare rates consists of shopping online. When comparison shopping, comparing more quotes provides better odds of finding lower pricing. Some smaller insurers do not give Durham Outback insurance quotes over the internet, so it’s important to compare quotes on coverage from those companies, too.

The companies shown below have been selected to offer free quotes in Durham, NC. If your goal is to find cheaper auto insurance in NC, it’s highly recommended you visit two to three different companies to get a more complete price comparison.

Analysis of coverages

The rate table shown next covers different coverage prices for Subaru Outback models. Learning as much as possible about how insurance premiums are figured can help guide drivers when making smart choices when comparing insurance quotes.

Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Price estimates do not factor in your specific Durham location which can alter premium rates substantially.

Higher deductibles lower rates

When buying car insurance, a common question is how high should the physical damage deductibles be. The figures shown below can help you visualize the differences in premium rates between high and low physical damage deductibles. The first set of prices uses a $100 deductible for physical damage and the second rate table uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rates do not factor in specific garaging location which can modify prices greatly.

Based on the above data, using a $100 deductible costs about $27 more each month or $324 each year than quoting the higher $1,000 deductible. Since you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 33 months between claim filings, you would probably save some money if you choose a higher deductible.

An important thing to remember is that raising deductibles means you will have to cover more of the damage yourself at claim time. You will want to have some extra savings in the event you have to pay the deductible for vehicle repair.

The illustration below shows how choosing a deductible and can increase or decrease Subaru Outback premium costs for each different age group. The price estimates are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.

Impact of speeding/accidents on car insurance rates

The information below demonstrates how traffic citations and accident claims can impact Subaru Outback car insurance costs for different categories of driver ages. Data assumes a single male driver, full coverage, $100 deductibles, and no policy discounts are applied.

Cost of full coverage

The chart below visualizes the comparison of Subaru Outback insurance costs with liability coverage only compared to full coverage. The premiums assume a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are applied.

Should you pay for full coverage?

There is no specific rule of when to eliminate full coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s pretend your Subaru Outback replacement cost is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $3,000 after the deductible is paid. If it’s costing you more than $300 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some situations where eliminating full coverage is not a good plan. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage in place.

You Can Change Your Insurance Premiums

One of the most helpful ways to save on insurance is to to have a grasp of the rating factors that come into play when calculating your insurance rates. When consumers understand what controls the rates you pay, this enables you to make decisions that can help you get cheaper rates. Many different elements are part of the calculation when quoting car insurance. Most are fairly basic like a motor vehicle report, but other factors are more obscure like where you live or how safe your car is.

• Employer stress can affect premiums – Careers like fire fighters, airline pilots, and dentists generally have higher premium rates because of stressful work requirements and lots of time spent at work. On the other hand, careers such as farmers, students and performers receive lower rates.

• Male prices may be higher – Statistics have proven women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women have auto accidents in similar percentages, but the males cause more damage. Men also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Young males are most likely to cause an accident and therefore are the most expensive to insure.

  The diagram below shows the comparison of Subaru Outback insurance costs for male and female drivers. The rate quotes are based on no accidents or driving violations, full coverage, $500 deductibles, drivers are single, and no additional discounts are factored in.

• Better premiums on safer cars – Vehicles that have high safety ratings can get you lower premiums. Vehicles built for safety reduce occupant injuries and any reduction in injury severity means less money paid by your insurance company and cheaper rates on your policy.
• Always have insurance – Not maintaining insurance is not a good idea and you will pay a penalty because you let your insurance expire. Not only will you pay higher rates, not being able to provide proof of insurance may earn you a license revocation or jail time.
• Eliminate unneeded incidental coverages – Insurance companies have many optional add-on coverages that sound like a good idea at the time if you aren’t careful. Coverage for things like rental car reimbursement, death and dismemberment, and extra life insurance coverage are some examples. These may sound like a good investment when deciding what coverages you need, but if you have no use for them eliminate the coverages to reduce your premium.

• The type of car you drive affects your premiums – The type of vehicle you need to insure makes a significant difference in how high your rates are. The cheapest rates will normally be found when insuring low performance passenger models, but the cost you end up paying is determined by many additional factors.

  The next chart uses these assumptions: married male driver age 40, full coverage with $250 deductibles, and no discounts or violations. It shows Subaru Outback car insurance rates compared to other makes and models that have different performances.

• Raise your comp and collision deductibles for better costs – Your deductibles are the amount of money you are required to spend before your insurance pays a claim. Physical damage insurance, aka comp and collision, covers damage that occurs to your car. Examples of some claims that would be covered could be a windshield broken by a bird, damage caused by hail, or theft of your vehicle. The more of the claim you pay before a claim is paid (deductible), the less your insurance will be.

• Subaru Outback insurance claim data – Insurance companies use past loss statistics for each vehicle when they file their rates in each state. Vehicles that statistically have a higher amount or frequency of claims will have higher rates for specific coverages. The table below demonstrates the compiled insurance loss statistics for Subaru Outback vehicles.

  For each policy coverage, the claim amount for all vehicles, regardless of make or model, equals 100. Values that are below 100 represent a good loss history, while percentage numbers above 100 indicate frequent claims or tendency to have higher losses.

  
  

  Insurance Loss Ratings for Subaru Outback Vehicles

  Vehicle Make and 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

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Why you need insurance for your Subaru vehicle

Despite the high cost, car insurance is a good idea for several reasons.

First, almost all states have minimum mandated liability insurance limits which means you are required to buy a minimum amount of liability insurance coverage if you don’t want to risk a ticket. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your Subaru Outback, more than likely the lender will stipulate that you buy insurance to guarantee loan repayment. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Subaru at a much higher premium rate and require you to reimburse them the higher premium.

Third, insurance protects your car and your assets. It will also cover many types of medical costs for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also covers legal expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.

The benefits of buying enough insurance more than cancel out the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is wasting up to $750 every year so it’s very important to do a rate comparison at least once a year to ensure rates are inline.