Affordable Quotes for Subaru Impreza Insurance in Jersey City

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Subaru Impreza insurance
Subaru Impreza insurance image courtesy of QuoteInspector.com

Insurance for Subaru ImprezaThe recommended way to get budget Subaru Impreza insurance in Jersey City is to do an annual price comparison from companies that sell auto insurance in New Jersey. You can compare rates by following these guidelines.

  1. It will benefit you to learn about how companies price auto insurance and the steps you can take to lower rates. Many rating factors that result in higher prices like accidents, careless driving, and an unacceptable credit score can be eliminated by paying attention to minor details.
  2. Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agents can quote prices for many different companies.
  3. Compare the new quotes to your existing policy to see if switching to a new carrier will save money. If you find a lower rate and decide to switch, ensure there is no coverage lapse between policies.
  4. Tell your current agent or company to cancel your current coverage. Submit payment and a completed application to the new company. Don't forget to keep the new certificate of insurance in your vehicle.

One key aspect when comparing rates is to try to use identical limits and deductibles on each price quote and and to get price estimates from as many auto insurance providers as possible. This provides a fair price comparison and a complete price analysis.

Unbelievably, a large majority of consumers kept buying from the same company for a minimum of four years, and nearly half have never compared rates to find affordable insurance. U.S. drivers could save about $850 every year by just comparing quotes, but they just don't understand the amount of money they would save if they switched.

Shopping for the lowest-priced insurance in Jersey City is simple if you know the tricks. In essence, everyone who requires lower cost insurance should buy a cheaper policy. Nevertheless, New Jersey vehicle owners do need to understand how the larger insurance companies calculate your insurance rates and use this information to your advantage.

Most larger insurance companies allow you to get coverage prices direct online. Doing online quotes for Subaru Impreza insurance in Jersey City doesn't take much effort as you simply type in your required coverages into the quote form. Behind the scenes, the system pulls information on your driving record and credit history and generates pricing information based on the data you entered.

This streamlines rate comparisons, and it is important to do this if you want to find the best rate on insurance.

To fill out one form to compare multiple rates now, compare rate quotes from the providers shown below. If you have coverage now, it's recommended you enter the limits and deductibles exactly as shown on your declarations page. This makes sure you will receive a fair comparison for exact coverage.

The companies in the list below provide free rate quotes in Jersey City, NJ. If you wish to find cheap car insurance in Jersey City, NJ, we suggest you visit two to three different companies to get the best price comparison.

Analysis of coverages

The data table shown below outlines a range of insurance policy prices for Subaru Impreza models. Knowing how policy premiums are figured can help guide drivers when making smart choices when comparing insurance quotes.

Subaru Impreza Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impreza 2.5I 4WD Station Wagon $356 $602 $544 $32 $162 $1,696 $141
Impreza 2.5I 4WD Station Wagon $356 $602 $544 $32 $162 $1,696 $141
Impreza Outback Sport 4WD Station Wagon $356 $732 $544 $32 $162 $1,826 $152
Impreza 2.5I AWD 4-Dr $402 $732 $544 $32 $162 $1,872 $156
Impreza 2.5I Premium Package AWD 4-Dr $402 $862 $544 $32 $162 $2,002 $167
Impreza WRX 4WD Station Wagon $402 $862 $544 $32 $162 $2,002 $167
Impreza 2.5 GT 4WD Station Wagon $448 $862 $544 $32 $162 $2,048 $171
Impreza WRX AWD 4-Dr $448 $992 $544 $32 $162 $2,178 $182
Impreza 2.5I GT AWD 4-Dr $448 $992 $544 $32 $162 $2,178 $182
Impreza WRX STI 4WD Station Wagon $448 $992 $544 $32 $162 $2,178 $182
Get Your Own Custom Quote Go

Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Table data does not factor in specific location information which can lower or raise auto insurance rates significantly.

How high should deductibles be?

One of the most common car insurance questions is how high should the physical damage deductibles be. The comparison tables below may aid in understanding how much more you'll pay when you buy lower versus higher deductibles. The first rate table uses a $250 deductible and the second set of rates uses a $1,000 deductible.

Subaru Impreza insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impreza 2.5I 4WD Station Wagon $372 $514 $480 $28 $144 $1,563 $130
Impreza 2.5I 4WD Station Wagon $372 $514 $480 $28 $144 $1,563 $130
Impreza Outback Sport 4WD Station Wagon $372 $626 $480 $28 $144 $1,675 $140
Impreza 2.5I AWD 4-Dr $420 $626 $480 $28 $144 $1,723 $144
Impreza 2.5I Premium Package AWD 4-Dr $420 $738 $480 $28 $144 $1,835 $153
Impreza WRX 4WD Station Wagon $420 $738 $480 $28 $144 $1,835 $153
Impreza 2.5 GT 4WD Station Wagon $466 $738 $480 $28 $144 $1,881 $157
Impreza WRX AWD 4-Dr $466 $848 $480 $28 $144 $1,991 $166
Impreza 2.5I GT AWD 4-Dr $466 $848 $480 $28 $144 $1,991 $166
Impreza WRX STI 4WD Station Wagon $466 $848 $480 $28 $144 $1,991 $166
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Subaru Impreza insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impreza 2.5I 4WD Station Wagon $230 $324 $480 $28 $144 $1,206 $101
Impreza 2.5I 4WD Station Wagon $230 $324 $480 $28 $144 $1,206 $101
Impreza Outback Sport 4WD Station Wagon $230 $394 $480 $28 $144 $1,276 $106
Impreza 2.5I AWD 4-Dr $258 $394 $480 $28 $144 $1,304 $109
Impreza 2.5I Premium Package AWD 4-Dr $258 $464 $480 $28 $144 $1,374 $115
Impreza WRX 4WD Station Wagon $258 $464 $480 $28 $144 $1,374 $115
Impreza 2.5 GT 4WD Station Wagon $288 $464 $480 $28 $144 $1,404 $117
Impreza WRX AWD 4-Dr $288 $534 $480 $28 $144 $1,474 $123
Impreza 2.5I GT AWD 4-Dr $288 $534 $480 $28 $144 $1,474 $123
Impreza WRX STI 4WD Station Wagon $288 $534 $480 $28 $144 $1,474 $123
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 homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Table data does not factor in your specific Jersey City location which can impact auto insurance rates greatly.

We can derive from the above data that using a $250 deductible will cost in the ballpark of $38 more each month or $456 each year than quoting the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 20 months between claim filings, you would probably save some money if you choose a higher deductible. Here is an example of how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $151
Average monthly premium for $1,000 deductibles (subtract): - $113
Monthly savings from raising deductible: $38
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $38
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One big caveat is that raising deductibles means you will have to cover more of the damage yourself when you have a comprehensive or collision claim. You should have some savings in the event you have to pay more for the deductible.

Should you buy full coverage?

The diagram below illustrates the difference between Subaru Impreza car insurance costs when comparing full coverage to liability only. The costs are based on no claims or violations, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

When to stop buying physical damage coverage

There is no specific rule to exclude comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let's pretend your Subaru Impreza replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying your policy deductible. If you are paying more than $400 annually for your policy with full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.

Informed Consumers Know How to Quote Insurance at a Discount

Multiple criteria are considered when you get your auto insurance bill. Some are pretty understandable such as your driving history, but others are not quite as obvious like your vehicle usage or your commute time. Consumers need to have an understanding of some of the factors that are used to determine your policy premiums. When consumers understand what impacts premium levels, this enables informed choices that can earn you lower premium levels.

Why do you need liability protection? - The liability coverage on your policy is the coverage that protects you in the event that you are ruled to be at fault for damages caused by your negligence. This coverage provides for a legal defense to attempt to prove you were not liable. Liability insurance is quite affordable when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.

Save money by having multiple policies - Lots of companies provide a discount to customers who consolidate policies with them. It's known as a multi-policy discount. Even with this discount applied, it's always a smart idea to get quotes from other companies to guarantee you are still saving the most.

Extra policy coverages can add up - There are many extra coverages you can purchase if you aren't careful. Coverages like coverage for rental cars, accidental death, and term life insurance are some examples. They may seem like a good idea when you first buy your policy, but now you might not need them so remove them from your policy.

Mature drivers are lower risk - Young drivers in New Jersey are known to get distracted easily with other occupants in the car and because of this, their insurance rates are much higher. Parents adding a first-time driver onto a policy can really hurt. More mature drivers are more cautious drivers, file fewer claims, and are generally more financially stable.

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

Vocation impacts rates - Occupational choices like fire fighters, airline pilots, and financial analysts tend to have higher premiums than the average policyholder attributed to intense work-related stress and extremely grueling work hours. Conversely, careers such as actors, students and the unemployed generally pay rates lower than average.

Claim-free discounts can add up - If you frequently file small claims, you can expect increased rates or even have your policy non-renewed. Companies in New Jersey provide better rates to policyholders who only file infrequent claims. Your insurance policy is intended to be relied upon for larger claims.

Theft deterrents lower premiums - Owning a car with anti-theft technology or alarm system can save you some money. Systems that thwart thieves like GM's OnStar, tamper alarm systems and vehicle immobilizers all help stop vehicle theft.

Subaru Impreza insurance loss statistics - Companies factor in historical loss data to help calculate premium costs. Vehicles that the data determines to have a higher amount or frequency of claims will have higher premium rates.

The information below illustrates the historical loss data for Subaru Impreza vehicles. For each coverage category, the loss probability for all vehicles averaged together is equal to 100. Numbers below 100 suggest a positive loss record, while percentages above 100 indicate more frequent claims or an increased chance of a larger loss.

Subaru Impreza Insurance Loss Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Subaru Impreza 4WD 96 80 110 79 78 81
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

Auto insurance is not optional but you don't have to overpay

Despite the high insurance cost for a Subaru Impreza in Jersey City, insuring your vehicle serves a purpose in several ways.

  • The majority of states have mandatory insurance requirements which means the state requires a specific level of liability insurance in order to drive the car. 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 your vehicle has a lienholder, it's most likely the lender will stipulate that you buy full coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the bank may insure your Subaru at a significantly higher premium and require you to reimburse them a much higher amount than you were paying before.
  • Auto insurance protects both your assets and your vehicle. Insurance will pay for all forms of medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers legal expenses if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car definitely exceed the cost, particularly when you have a large claim. An average driver in America is currently overpaying as much as $750 every year so shop around at every renewal to help ensure money is not being wasted.