A recent NerdWallet.com study revealed that over 70% of drivers kept their coverage with the same insurance company for over three years, and just short of a majority have never taken the time to shop around. Texas drivers can save roughly $1,770 each year just by comparing rates, but they just don’t understand how much money they would save if they switched to a more affordable policy.
Truthfully, the best way to get low-cost auto insurance rates is to make a habit of regularly comparing prices from insurers in Laredo. You can compare prices by following these guidelines.
- Step 1: Spend some time learning about the coverage provided by your policy and the changes you can make to prevent high rates. Many policy risk factors that cause high rates such as speeding tickets, careless driving and a not-so-good credit score can be remedied by making minor driving habit or lifestyle changes. Read the full article for more ideas to prevent rate hikes and find overlooked discounts.
- Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like GEICO or State Farm, while independent agents can provide rate quotes from multiple insurance companies. View 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 Laredo. If you can save some money and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
- Step 4: Tell your current company to cancel your current car insurance policy and submit a down payment along with a completed application for the new coverage. Be sure to place the new certificate verifying coverage in a readily accessible location in your vehicle.
An important note is to try to compare identical deductibles and limits on each price quote and and to look at as many carriers as you can. This ensures the most accurate price comparison and a better comparison of the market.
Quoting and buying the cheapest policy in Laredo is actually quite simple. Nearly each driver who needs more affordable car insurance most likely will be able to find lower rates. But Texas car owners must understand how the larger insurance companies determine how much to charge and use it to find better rates.
To get inexpensive Laredo car insurance quotes, there a variety of ways of comparing rates from many available car insurance companies in Texas. The recommended way to find cheaper rates is to jump online and get quotes.
Online shopping is fast and free, and it takes the place of having to call or drive to insurance agents’ offices. The fact that you can get quotes online eliminates the need for an insurance agent unless you have a complicated situation and need the extra assistance that only an agent can give. If you prefer, some companies allow you to price shop your coverage online but have your policy serviced through an agent.
It’s important to know that getting more free quotes increases your odds of finding more affordable rates. Not every company allows you to get rate quotes online, so it’s necessary to compare price estimates on coverage from those companies, too.
The providers in the list below offer quotes in Texas. In order to find cheaper car insurance in Texas, we suggest you visit several of them to get the best price comparison.
Facts and figures for Subaru Outback insurance
The rate table shown below highlights different rate quotes for Subaru Outback models. Having knowledge of how car insurance premiums are figured can be useful when making decisions when choosing a new policy provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Outback 2.5I Premium||$228||$384||$514||$30||$154||$1,310||$109|
|Outback 2.5I Limited||$228||$384||$514||$30||$154||$1,310||$109|
|Outback 3.6R Premium||$228||$384||$514||$30||$154||$1,310||$109|
|Outback 3.6R Limited||$254||$452||$514||$30||$154||$1,404||$117|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Table data does not factor in garaging location in Laredo which can decrease or increase price quotes greatly.
Subaru Outback insurance costs by gender and age in Laredo
The diagram below shows the difference between Subaru Outback auto insurance costs for male and female drivers. The premiums assume no claims or driving citations, comprehensive and collision coverage, $250 deductibles, marital status is single, and no additional discounts are factored in.
Three main reasons to buy auto insurance
Even though it’s not necessarily cheap to insure a Subaru in Laredo, maintaining insurance is required by state law in Texas and it also provides benefits you may not be aware of.
- Almost all states have compulsory liability insurance requirements which means state laws require specific limits of liability insurance in order to get the vehicle licensed. In Texas 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.
- If you have a lien on your Outback, almost all lenders will require that you have full coverage to guarantee loan repayment. If you default on your policy, the bank or lender will purchase a policy for your Subaru at a more expensive rate and force you to pay a much higher amount than you were paying before.
- Auto insurance protects not only your Subaru Outback but also your financial assets. Insurance will also pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay to repair the damage.
The benefits of buying enough insurance definitely exceed the price paid, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $810 a year so compare rate quotes at every renewal to ensure rates are competitive.
How Insurance Providers Calculate Subaru Outback Insurance Prices
Lots of factors are part of the equation when quoting car insurance. Some are pretty understandable like a motor vehicle report, although some other factors are less obvious like your vehicle usage or how safe your car is.
The following are some of the factors used by your company to calculate your premiums.
Pay more for higher performance vehicles – The performance of the vehicle you need to insure makes a big difference in your rates. The cheapest rates are usually for lower performance four cylinder passenger vehicles, but other factors influence the final cost greatly.
The following data uses these assumptions: single male driver age 20, full coverage with $250 deductibles, and no discounts or violations. The chart compares Subaru Outback insurance premiums compared to other vehicles that have different performances.
Better credit means lower prices – Having a bad credit score will be a significant factor in determining premium rates. Drivers who have high credit ratings tend to be better risks to insure as compared to drivers with lower credit scores. If your credit is lower than you’d like, you may save money insuring your Subaru Outback by spending a little time repairing your credit.
Safer vehicles save money – Vehicles with high crash test scores tend to be cheaper to insure. Vehicles engineered for safety reduce the chance of injuries and fewer injuries translates directly to fewer claims and lower rates for you. If your Subaru Outback is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may be receiving a better rate.
Insurance rates in urban areas – Being located in less populated areas is a positive aspect when buying insurance. People who live in big cities tend to have more road rage incidents and a longer drive to work. Less people means reduced accidents in addition to fewer liability claims.
Do thieves like your car? – Selecting a car model with an alarm system can save you a little every year. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent your vehicle from being stolen.
Keep the miles off and save – The higher the miles on your Subaru every year the more you will pay for insurance. A lot of insurance companies rate vehicles partially by how you use the vehicle. Cars that do not get driven very much receive lower rates than those that get driven frequently. Make sure your vehicle rating properly reflects the correct driver usage. An incorrectly rated Outback can result in significantly higher rates.
Loss statistics for a Subaru Outback – Car insurance companies include the past claim trends for vehicles to calculate a rate that will offset losses. Vehicles that have higher loss trends will cost more for coverage.
The table below illustrates the insurance loss data used by companies for Subaru Outback vehicles. For each insurance policy coverage type, the claim amount for all vehicles, as a total average, is set at 100. Percentage values below 100 indicate a favorable loss history, while numbers shown that are more than 100 indicate a higher chance of having a claim or statistically larger claims.
|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|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
You are unique and your car insurance should be too
When quoting and comparing your policy for your personal vehicles, there really is not a one-size-fits-all type of policy. Your situation is unique and your policy should reflect that.
For example, these questions could help you determine whether your personal situation would benefit from professional advice.
- Should I buy additional glass protection?
- Should I bundle my homeowners policy with my auto?
- When can I cancel my policy?
- Do I have any recourse if my insurance company denies a claim?
- Should I buy full coverage?
- I have health insurance so do I need medical payments coverage?
- Does my Subaru Outback qualify for pleasure use?
- Should I drop comprehensive coverage on older vehicles?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.
Don’t give up on cheaper rates
While you’re price shopping online, it’s not a good idea to reduce coverage to reduce premium. In too many instances, an accident victim reduced collision coverage only to discover later they didn’t purchase enough coverage. Your goal is to get the best coverage possible for the lowest price and still be able to protect your assets.
Cheap Subaru Outback insurance in Laredo can be bought on the web and with local Laredo insurance agents, and you should compare rates from both to have the best selection. Some auto insurance companies may not offer the ability to get quotes online and many times these smaller providers sell through local independent agents.
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Who Has Cheap Laredo Auto Insurance Rates for Low Income Drivers? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers Over Age 60 in Laredo? (FAQ)
- Who Has Cheap Laredo Car Insurance for Unemployed Drivers? (FAQ)
- Who Has Cheap Laredo Auto Insurance for a 20 Year Old Female? (FAQ)
- Who Has Cheap Auto Insurance Rates for State Employees in Laredo? (FAQ)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Electronic Stability Control FAQ (iihs.org)