Finding cheap coverage for a Subaru Outback in Kentucky doesn’t take too much effort, but it depends on many different factors such as whether you are single or married, the size of your vehicle, and your motor vehicle report. Drivers pay on average $891 annually to insure their Outback, but that price is an approximation calculated based on a 50-year-old single female driver with full coverage and $500 deductibles.
There’s a high likelihood you may not be 50 years old (or even female), maybe you are married instead of single, or maybe you want different physical damage deductibles. Having different needs demonstrates why the way we recommend to find the most affordable coverage for your Subaru is to just compare rates yourself. Price quotes are quick and you will receive rate quotes from some of the best insurers in Kentucky.
The trim level of your Outback will likely have an effect on price, so the price you will be charged to insure a Outback 2.5I trim level will cost $142 less than the insurance cost for the high end Outback 3.6R Limited trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Outback 2.5I Premium||$200||$336||$368||$22||$110||$1,036||$86|
|Outback 2.5I Limited||$200||$336||$368||$22||$110||$1,036||$86|
|Outback 3.6R Premium||$200||$336||$368||$22||$110||$1,036||$86|
|Outback 3.6R Limited||$222||$396||$368||$22||$110||$1,118||$93|
|Get Your Own Custom Quote Go|
Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Premium amounts do not factor in specific location which can revise rates considerably.
What is the best auto insurance company in Kentucky?
Ending up with the best insurance provider can be rather challenging considering how many choices drivers have in Kentucky. The company ratings shown below may help you choose which coverage providers to look at putting your business with. These ratings are only comprised of companies with a nationwide focus, so companies without a large exposure will not be included in these rankings.
Top 10 Major Auto Insurance Providers Overall in Lexington
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
Do you need full coverage?
Buying cheaper auto insurance is probably important to most vehicle owners, and one easy way to pay less for insurance for a Subaru Outback is to not insure for full coverage. The chart below shows the comparison of premium costs with and without full coverage. The premium estimates are based on no claims or driving violations, $100 deductibles, single marital status, and no discounts are applied to the premium.
If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs an additional $2,098 per year over liability only. At some point, almost every driver questions when is the right time to remove full coverage. There is no specific rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
There are some scenarios where removing full coverage is not advised. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.
The information below shows how choosing a deductible can impact annual premium costs when getting quotes for cheap insurance for a Subaru Outback. The rates are based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.
As shown above, a 40-year-old driver could reduce rates by $282 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $428 by choosing a $1,000 deductible. Young drivers, like the age 20 example, could drop their prices up to $936 annually by choosing a larger deductible amount. When using a larger deductible, it is necessary to have plenty of savings on hand to allow you to pay the extra out-of-pocket expense associated with higher deductibles.
Last year’s bargain might be this year’s rip off
Lexington, KY auto insurance rates are impacted by many things that may substantially change the policy premium. Turning one year older, having a teen driver, or getting a couple of tickets may prompt premium changes that can cause some rates to be cheaper than others.
In addition to those changes, car insurance companies change rates as often as every three months to reflect underwriting profits or losses. Significantly higher claims may result in increased policy costs, while long-term profits may cause lower-cost Outback insurance rates.
To illustrate this point, the chart below shows the company with the cheapest car insurance in Lexington, KY for a 30-year-old female driver with no accidents, a clean driving record, and a good credit rating. Based on her current rating profile, Cincinnati Insurance quotes the lowest car insurance rates in Lexington at $1,138 annually. This is $1,005 less than the average premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual round out the rest of the best Lexington, KY auto insurance companies.
In the next rate comparison, we’ll give the driver from the first example a chargeable accident, a little lower credit rating, and a speeding ticket. Because each company has a different process for determining rates in each state, analyzing rates may now show a new list of the cheapest car insurance companies in Lexington as shown below.
Travelers now has the cheapest price in Lexington with Kentucky Farm Bureau, USAA, State Farm, and Westfield now being in the top five. This example demonstrates why drivers need to compare as many rates as possible to find the best car insurance rates for a Subaru Outback.
Rates consist of many risk factors and change frequently, so the best option six months ago may now be quite expensive.
Ideas to find cheaper auto insurance for a Subaru Outback
Here are some penny-pinching ideas that can help drivers find lower-cost coverage.
- Vehicles with safetly features generally cost less to insure
- Try paying for small claims out-of-pocket
- Do not get traffic tickets
- Buying car and homeowners insurance together can save money
- Accidents can significantly increase rates
- On older vehicles, drop full coverage
- Comparison shop at least every other year
The last idea is particularly valuable, as we discussed in this article. Insurance rates vary considerably, so you should be ready to buy from a new company if a cheaper price is available.
Staying with the same company for years is fine, but it’s not a good idea if that devotion results in you overpaying hundreds of dollars year after year. It only take a few minutes to compare prices and find cheaper auto insurance for a Subaru Outback in Lexington.
The agents shown below can probably answer your questions and help you decide which insurance coverage will be best for you, since some drivers wish to get some help when trying to find the best insurance rates for a Subaru Outback. It’s not always easy to find the best policy on your own, and insurance agents can give satisfaction knowing your coverage gives you adequate asset protection.
To find a Lexington insurance agency nearest to you, click the button below the list.
Heritage Insurance Agency
3306 Clays Mill Rd #106 – Lexington, KY 40503 – (859) 219-1122
Nationwide Insurance: Bryan Joseph Mitchell Agency
252 E Third St – Lexington, KY 40508 – (859) 293-2253
Keith Renfro – State Farm Insurance Agent
3101 Clays Mill Rd Suite 402 – Lexington, KY 40503 – (859) 278-8415
Allstate Insurance: Tom Barrick
2891 Richmond Rd Ste 115 – Lexington, KY 40509 – (859) 268-3222
State Farm – Bob Pitman
851 Corporate Dr Ste 200 – Lexington, KY 40503 – (859) 223-1191