Subaru Impreza insurance image courtesy of QuoteInspector.com
Buying the cheapest coverage for a Subaru Impreza in Kentucky is pretty simple, but it is dependent upon a very complex rating algorithm that uses multiple factors such as how safe your vehicle is, whether or not you have prior claims, and any prior driving offenses. Drivers in Kentucky pay around $1,060 annually to insure their Impreza, but that is an estimate based upon a 30-year-old single female driver with full comprehensive and collision coverage and $1,000 deductibles.
When estimating a car insurance rate like we just did, the issue is that you are not 30 and maybe not even a female, possibly married instead of single, or maybe you have a speeding ticket or two that will increase rates. Having just a slight change in the rating criteria used to formulate rates may result in significant differences in the cost of insurance for a Subaru Impreza.
Everyone has unique insurance needs, and this illustrates why the best method for finding the cheapest coverage for your Subaru is to compare as many rates as possible. Quotes only take a couple of minutes and you will get price quotes from some of the best companies in Kentucky.
The trim level of your Subaru can impact the annual cost of coverage, so the rate you will pay to insure a Impreza 2.5I 4WD Station Wagon will be $220 less than the cost to insure the high end Impreza WRX STI 4WD Station Wagon trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Impreza 2.5I 4WD Station Wagon||$174||$270||$440||$26||$132||$1,042||$87|
|Impreza 2.5I 4WD Station Wagon||$174||$270||$440||$26||$132||$1,042||$87|
|Impreza Outback Sport 4WD Station Wagon||$174||$328||$440||$26||$132||$1,100||$92|
|Impreza 2.5I AWD 4-Dr||$196||$328||$440||$26||$132||$1,122||$94|
|Impreza 2.5I Premium Package AWD 4-Dr||$196||$388||$440||$26||$132||$1,182||$99|
|Impreza WRX 4WD Station Wagon||$196||$388||$440||$26||$132||$1,182||$99|
|Impreza 2.5 GT 4WD Station Wagon||$218||$388||$440||$26||$132||$1,204||$100|
|Impreza WRX AWD 4-Dr||$218||$446||$440||$26||$132||$1,262||$105|
|Impreza 2.5I GT AWD 4-Dr||$218||$446||$440||$26||$132||$1,262||$105|
|Impreza WRX STI 4WD Station Wagon||$218||$446||$440||$26||$132||$1,262||$105|
|Get Your Own Custom Quote Go|
Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Information does not factor in specific location which can lower or raise prices greatly.
Figuring out which company offers the cheapest car insurance rates for a Subaru Impreza will involve a little more work in order to find the lowest price. Each insurer uses their own calculation for establishing rates, so we will examine the most competitive car insurance companies in Lexington, KY.
It's important that readers know that Lexington, KY car insurance rates are impacted by many factors that will increase or decrease the price of your policy. Simply having a birthday, moving to a new city, or getting a reckless driving citation may generate price changes resulting in some companies being more affordable than competitors.
Find the Cheapest Car Insurance for Your Impreza
|Rank||Company||Cost Per Year|
|2||Kentucky Farm Bureau||$1,163|
|Find Cheaper Rates Go|
Cincinnati Insurance may have some of the lowest car insurance rates in Lexington at around $1,126 each year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also make the cut as some of the most economical Lexington, KY car insurance companies.
As shown in the rates above, if you currently buy coverage from Auto-Owners and switched to Kentucky Farm Bureau, you could see an annual premium reduction of upwards of $208. Insureds with Motorists Mutual might save as much as $406 a year, and Grange Mutual customers might see rate reductions of $446 a year.
To get a quick, customized rate comparison, click here to get a free quote or quote rates from the companies below.
These policy prices are averages for all ages of drivers and types of vehicles and are not factoring in an exact location for a Subaru Impreza. So the insurer that fits your situation best may not even be in the list above. That affirms the importance of why you need to get rate quotes using your own personalized driver profile and vehicle information.
Cost of full coverage
Reducing the cost of car insurance is the goal of most drivers, and one easy way to pay less for insurance for a Subaru Impreza is to not buy full coverage. The illustration below shows the comparison of insurance costs with and without physical damage coverage. The premiums assume no violations or claims, $500 deductibles, single status, and no discounts are applied.
If averaged for all ages, full coverage on your policy costs an additional $2,115 per year more than buying just liability insurance. Many drivers will wonder when is the right time to remove full coverage. There is no exact formula to eliminate physical damage coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let's assume your vehicle's settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,000 after the policy deductible has been paid. If you are paying more than $600 annually for physical damage coverage, then it could be time to drop full coverage.
The example below highlights how deductible choice can affect insurance premiums when trying to find cheap insurance for a Subaru Impreza. The rate quotes are based on a married female driver, comp and collision included, and no policy discounts are applied.
A 40-year-old driver could reduce rates by $320 a year by changing from a $100 deductible up to a $500 deductible, or save $486 by using a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could possibly save up to $796 or even more by using a higher deductible. When choosing a higher deductible, it's a good idea to have plenty of money set aside to enable you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
If you have questions and prefer to get some professional input when comparing insurance rates for a Subaru Impreza, the agents shown below can most likely help you make a decision which auto insurance coverages would be the best in your situation.
To find a Lexington insurance agent by location nearest to you, click the button following the list or click here to compare prices now.
Boggs Insurance Agency, Inc.
1353 W Main St # 2 - Lexington, KY 40508 - (859) 977-2055
Nationwide Insurance: McGuire Insurance Agency, Inc
185 Pasadena Dr Ste 235 - Lexington, KY 40503 - (859) 268-2542
Neely Taylor-Wade Insurance
133 Walton Ave - Lexington, KY 40508 - (859) 233-7855
KY Insurance and Investment Grp
3320 Clays Mill Rd Suite 214 - Lexington, KY 40503 - (859) 224-0316
Dwight McCarty - State Farm Insurance Agent
3620 Walden Dr #211 - Lexington, KY 40517 - (859) 971-0266
How to find low-cost insurance for a Subaru Impreza
The list below details some of the recommended thrifty ideas that can help Lexington drivers buy lower-cost car insurance.
- Do not get into accidents that are your fault
- Frequent claims will increase rates
- Vehicles with good safety ratings are usually cheaper to insure
- Ensure your driving record is clean
- Save money by bundling your home and auto policies
- Compare price quotes at least once a year
That last piece of advice is incredibly valuable, as we discussed in the prior article. Coverage rates vary considerably, so you should be ready to switch carriers if a better deal can be had. Being loyal to a particular company is commendable, but it's not recommended if that faithfulness ends up costing you a fortune every year. If you have a few minutes, now is a great time to shop around to find cheaper auto insurance for a Subaru Impreza in Lexington.