Finding cheap prices on Subaru Impreza insurance in Newark might be hard for drivers not familiar with buying insurance online. You have so many options that it can easily become a chore to find cheaper rates in New Jersey.
Steps to finding better rates for Subaru Impreza insurance in Newark
If you want to save money, the best way to save money on Subaru Impreza insurance is to annually compare prices from insurers who provide auto insurance in Newark.
- Step 1: Read and learn about auto insurance and the factors you can control to keep rates in check. Many rating criteria that cause rate increases like distracted driving and an imperfect credit score can be eliminated by being financially responsible and driving safely.
- Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO or Allstate, while agents who are independent can provide prices for a wide range of insurance providers.
- Step 3: Compare the quotes to your existing policy to determine if switching companies saves money. If you can save money and change companies, make sure there is no coverage gap between policies.
The critical component of shopping around is to try to use identical coverages on every quote request and and to get quotes from as many companies as you can. This ensures a level playing field and a complete rate analysis.
It’s well known that insurance companies don’t want their policyholders to compare prices. People who get comparison quotes once a year will, in all likelihood, switch to a new company because they have a good chance of finding a lower rate. A recent survey found that people who compared price quotes annually saved about $865 annually compared to people who never compared rates.
If finding the most affordable car insurance in Newark is your objective, understanding the best way to shop and compare coverage rates can save time, money, and frustration.
It’s a great practice to shop coverage around occasionally because rates change frequently. Just because you had the lowest premium rates on Subaru Impreza insurance in Newark a year ago you will most likely find a better price today. Forget all the misinformation about auto insurance because we’re going to demonstrate the easiest way to find better coverage on Subaru Impreza insurance in Newark at a better price.
If you have car insurance now, you should be able to reduce premiums using the ideas you’re about to read. Comparing quotes for the best policy in Newark is easy if you know what you’re doing. But New Jersey car owners do need to know how companies determine premium rates and use this information to your advantage.
How to buy Subaru Impreza insurance in Newark, NJ
All major auto insurance companies make it easy to get prices for coverage from their websites. This process is pretty painless as you simply type in your coverage preferences into a form. When complete, the system orders reports for credit and driving violations and quotes a price based on the information you submitted.
This makes it simple to compare prices and it’s absolutely necessary to compare as many rates as possible in order to get the cheapest price on auto insurance.
If you want to find out how much you can save on auto insurance, compare rates from the companies below. If you have your current policy handy, we recommend you input your coverages as shown on your current policy. Doing this assures you will have comparison quotes based on the exact same insurance coverage.
The following companies are ready to provide price comparisons in Newark, NJ. In order to find the best auto insurance in New Jersey, we suggest you get rate quotes from several of them to get a more complete price comparison.
Subaru Impreza insurance statistics and information
The information shown below showcases detailed analysis of insurance prices for Subaru Impreza models. Learning more about how rate quotes are figured is important to be able to make informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impreza 2.5I 4WD Station Wagon | $254 | $398 | $648 | $38 | $194 | $1,532 | $128 |
| Impreza 2.5I 4WD Station Wagon | $254 | $398 | $648 | $38 | $194 | $1,532 | $128 |
| Impreza Outback Sport 4WD Station Wagon | $254 | $484 | $648 | $38 | $194 | $1,618 | $135 |
| Impreza 2.5I AWD 4-Dr | $288 | $484 | $648 | $38 | $194 | $1,652 | $138 |
| Impreza 2.5I Premium Package AWD 4-Dr | $288 | $570 | $648 | $38 | $194 | $1,738 | $145 |
| Impreza WRX 4WD Station Wagon | $288 | $570 | $648 | $38 | $194 | $1,738 | $145 |
| Impreza 2.5 GT 4WD Station Wagon | $320 | $570 | $648 | $38 | $194 | $1,770 | $148 |
| Impreza WRX AWD 4-Dr | $320 | $656 | $648 | $38 | $194 | $1,856 | $155 |
| Impreza 2.5I GT AWD 4-Dr | $320 | $656 | $648 | $38 | $194 | $1,856 | $155 |
| Impreza WRX STI 4WD Station Wagon | $320 | $656 | $648 | $38 | $194 | $1,856 | $155 |
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Prices above 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 claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Table data does not factor in specific location which can decrease or increase premiums noticeably.
The diagram below illustrates how your choice of deductibles and can influence Subaru Impreza premium costs for different ages of insureds. The data assumes a married female driver, comp and collision included, and no discounts are factored in.
Impact of careless driving on insurance rates
The example below highlights how speeding tickets and at-fault collisions can raise Subaru Impreza auto insurance rates for different insured age categories. The prices are based on a single male driver, full coverage, $100 deductibles, and no other discounts are factored in.
Age-based insurance rates by gender in Newark
The diagram below compares Subaru Impreza insurance rates for male and female drivers. The data is based on no accidents, no driving violations, full coverage, $100 deductibles, drivers are not married, and no discounts are applied.
Rate comparison of full coverage and liability-only
The information below shows the difference between Subaru Impreza auto insurance rates with full physical damage coverage compared to only buying liability only. Data assumes no claims or driving violations, $100 deductibles, single status, and no other discounts are factored in.
Should you pay for full coverage or liability only?
There isn’t a steadfast formula that is best for determining when to drop physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Subaru Impreza settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $4,000 after paying your policy deductible. If you are paying more than $400 annually to have full coverage, then it might be time to buy liability only.
There are some circumstances where dropping physical damage coverage is not a good plan. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage.
Best reasons to buy insurance in New Jersey
Even though it’s not necessarily cheap to insure a Subaru in Newark, insurance may be required and benefits you in several ways.
- Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability coverage if you want to drive legally. 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 have a lien on your Subaru, almost every bank will force you to have physical damage coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the lender may insure your Subaru at a much higher rate and force you to reimburse them for the much more expensive policy.
- Insurance protects both your Subaru Impreza and your assets. Insurance will also pay for medical expenses incurred in an accident. Liability coverage, the one required by state law, will also pay to defend you if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, collision and comprehensive coverages will pay to repair the damage.
The benefits of having insurance are without a doubt worth the cost, especially for larger claims. Despite what companies tell you, the average driver overpays more than $865 each year so you should quote your policy with other companies each time the policy renews to make sure the price is not too high.
Informed Consumers Can Reduce Insurance Rates
Smart consumers have a good feel for some of the factors that aid in calculating the level of your policy premiums. When you know what positively or negatively determines base rates, this empowers consumers to make smart changes that could help you find lower car insurance prices. Many different elements are taken into consideration when premium rates are determined. Some are pretty understandable such as traffic violations, but others are not as apparent like where you live or how financially stable you are.
Shown below are some of the major factors used by insurance companies to determine rates.
Pay more of a claim out-of-pocket – Physical damage deductibles are how much you are required to pay before your car insurance pays a claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some coverage claims are colliding with a stationary object, hail damage, and damage from wind. The more expense the insured is willing to pay, the less your company will charge you for insurance.
Where you call home can impact rates – Being located in small towns and rural areas has it’s advantages when it comes to car insurance. Drivers who live in large cities tend to have more traffic problems and much longer commute distances. Less people living in that area means a lower chance of having an accident and lower theft and vandalism rates.
Safer the car lower the rate – Safe vehicles tend to be cheaper to insure. Vehicles engineered for safety help reduce the chance of injuries in an accident and lower rates of occupant injuries translates into fewer and smaller insurance claims and thus lower rates. If your Subaru is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
Don’t let your car insurance policy lapse – Driving with no insurance can get you a ticket and your next policy will cost more because you let your insurance coverage expire. In addition to paying higher premiums, the inability to provide proof of insurance may result in a steep fine or even jail time.
Little extras can really add up – There are many add-on coverages that may not really be needed if you don’t pay attention. Things like coverage for rental cars, towing coverage, and additional equipment coverage are some examples. They may seem good at first, but your needs may have changed so think about removing them and cutting costs.
Be proud to be claim-free – Companies in New Jersey award most affordable rates to policyholders who are not frequent claim filers. If you tend to file frequent claims, you can pretty much guarantee either higher rates or even cancellation. Your car insurance is designed for more catastrophic claims.
Liability coverage is peace of mind – The liability section of your policy kicks in if ever a court rules you are at fault for an accident. Your liability coverage provides for a legal defense starting from day one. Liability is cheap when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
Cheaper rates using GPS tracking and theft deterrents – Owning a car with a theft deterrent system can help bring down rates. Theft deterrent systems like GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent your vehicle from being stolen.
Insurance loss data for Subaru Impreza vehicles – Insurance companies use data from past claims when setting premium prices. Vehicles that statistically have increased losses will cost more to insure. The table below outlines the actual insurance loss data for Subaru Impreza vehicles.
For each coverage type, the claim amount for all vehicles, as a total average, is represented as 100. Percentage values below 100 represent a good loss history, while percentages above 100 indicate a higher chance of having a claim or an increased chance of a larger loss.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Subaru Impreza 4WD | 96 | 80 | 110 | 79 | 78 | 81 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
How do I know if I need professional advice?
Always keep in mind that when comparing the best auto insurance coverage for your personal vehicles, there really is no best way to insure your cars. Each situation is unique.
These are some specific questions can help discover if your situation will benefit from professional help.
- Am I covered if I hit my neighbor’s mailbox?
- Does my insurance cover a custom paint job?
- Is upholstery damage covered by car insurance?
- Do I need to call my car insurance company before buying a new car?
- What is UM/UIM insurance?
- Can I still get insurance after a DUI?
If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, complete this form.
Quote often and quote early
Budget-friendly car insurance in Newark is attainable from both online companies in addition to many Newark insurance agents, so you should be comparing quotes from both so you have a total pricing picture. A few companies may not offer internet price quotes and these small insurance companies only sell coverage through local independent agents.
People change insurance companies for a number of reasons such as policy non-renewal, policy cancellation, delays in paying claims and even extreme rates for teen drivers. Regardless of your reason, finding a new car insurance company is not as difficult as it may seem.
We just covered many ways to shop for Subaru Impreza insurance online. The key thing to remember is the more price quotes you have, the better your comparison will be. Consumers may even find the most savings is with some of the smallest insurance companies.
How to buy lower priced Subaru Impreza insurance in Newark
Truthfully, the best way to find cheaper quotes for Subaru Impreza insurance is to start comparing rates regularly from insurance carriers who provide car insurance in Newark.
- First, get an understanding of auto insurance and the factors you can control to keep rates down. Many risk factors that are responsible for high rates like at-fault accidents and a not-so-good credit rating can be improved by improving your driving habits or financial responsibility.
- Second, request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from a single company like GEICO and State Farm, while agents who are independent can quote prices for many different companies.
- Third, compare the new rate quotes to your existing policy and see if there is a cheaper rate in Newark. If you find a lower rate and make a switch, ensure there is no coverage lapse between policies.
A good piece of advice is to make sure you enter identical coverages on each price quote and and to get quotes from as many different companies as possible. This provides a fair rate comparison and a complete price analysis.
For more information, take a look at the articles below:
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Who Has Cheap Auto Insurance Quotes for a Dodge Journey in Newark? (FAQ)
- Who Has the Cheapest Car Insurance for Young Drivers in Newark? (FAQ)
- Auto Theft Statistics (Insurance Information Institute)
- State Car Insurance Guides (GEICO)
- Rental Reimbursement Coverage (Allstate)