How to Save on Subaru Legacy Insurance in Greensboro

Insurance quote for Subaru Legacy in GreensboroIf you want to save money, the best way to save money on auto insurance rates in Greensboro is to start comparing rates regularly from companies that insure vehicles in North Carolina.

  1. Get a basic knowledge of how car insurance works and the changes you can make to prevent expensive coverage. Many risk factors that cause high rates like traffic violations and an unacceptable credit score can be improved by making minor changes to your lifestyle. Read the full article for the details to get affordable coverage and get additional discounts.
  2. Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive or State Farm, while agents who are independent can quote prices from many different companies.
  3. Compare the new rates to your current policy premium to see if cheaper Legacy coverage is available in Greensboro. If you can save some money and decide to switch, verify that coverage does not lapse between policies.
  4. Provide written notification to your current company to cancel your current policy. Submit the required down payment along with the signed application to your new insurance company. Don’t forget to safely store the certificate verifying coverage along with the vehicle’s registration papers.

The most important part of this process is to make sure you enter the same coverage limits and deductibles on every quote request and and to get prices from every insurance company. This guarantees an apples-to-apples comparison and the best rate selection.

It’s an obvious conclusion that auto insurance companies don’t want you to compare rates. People who shop around for better prices will probably move their business because there is a great chance of finding a lower-priced policy. A survey found that drivers who faithfully checked for cheaper rates saved on average $70 a month as compared to drivers who never shopped for cheaper rates.

If finding discount rates on Subaru Legacy insurance is your ultimate target, understanding how to get price quotes and compare cheaper coverage can help you be more efficient.

Buying the best-priced insurance coverage in Greensboro is not as difficult as people think. Nearly anyone who is required by state law to have insurance stands a good chance to find a cheaper policy. Although North Carolina vehicle owners need to learn how big insurance companies price insurance differently and use it to find better rates.

Subaru Legacy coverage statistics

The premium information shown below showcases detailed analysis of rate quotes for Subaru Legacy models. Learning how premiums are figured can be valuable when making decisions when shopping your coverage around.

Subaru Legacy Insurance Rates in Greensboro, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Legacy 2.5I $190 $210 $216 $12 $64 $692 $58
Legacy 2.5I Premium $190 $256 $216 $12 $64 $738 $62
Legacy 2.5I Premium $190 $256 $216 $12 $64 $738 $62
Legacy 3.6R Premium $210 $256 $216 $12 $64 $758 $63
Legacy 3.6R $210 $256 $216 $12 $64 $758 $63
Legacy 2.5I Limited $210 $256 $216 $12 $64 $758 $63
Legacy 2.5GT Premium $210 $302 $216 $12 $64 $804 $67
Legacy 3.6R Limited $210 $302 $216 $12 $64 $804 $67
Legacy 2.5 GT Limited $210 $302 $216 $12 $64 $804 $67
Legacy 2.5 GT Limited $210 $302 $216 $12 $64 $804 $67
Legacy 2.5 GT Limited $210 $302 $216 $12 $64 $804 $67
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Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Estimates do not factor in specific location information which can alter coverage rates noticeably.

Full coverage versus liability-only

The chart below illustrates the difference between Subaru Legacy insurance prices with and without full coverage. The information is based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no additional discounts are factored in.

Guidelines for dropping full coverage

There is no set guideline to drop full coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s say your Subaru Legacy settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,000 after paying your deductible. If you are currently paying more than $600 a year to have full coverage, then it might be time to buy liability only.

There are a few cases where buying only liability insurance is not financially feasible. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

How Your Legacy Insurance Premiums are Determined

When buying insurance it’s important to understand the different types of things that go into determining insurance rates. If you understand what determines base rates, this enables informed choices that can help you get cheaper rates. Many things are part of the calculation when pricing auto insurance. Most are fairly basic such as your driving record, although some other factors are less obvious such as your credit history or your commute time.

The list below includes some of the most rate-impacting factors used by insurance companies to determine your prices.

Always have insurance – Driving your car without having proper coverage is against the law and insurance companies will penalize you for letting your insurance lapse for non-payment. In addition to paying higher premiums, getting caught without coverage could result in a license revocation or jail time.

Low coverage deductibles cost more – Physical damage coverage, aka comp and collision, protects your Subaru from damage. Some instances where coverage would apply could be a broken windshield, damage from fire, and burglary. Comprehensive and collision coverage deductibles tell how much you are willing to pay if the claim is covered. The more of the claim you’re willing to pay, the less your company will charge you for insurance.

Extra coverages that may not be needed – There are a lot of extra coverages that can waste your money on your Legacy policy. Coverage for things like coverage for rental cars, death and dismemberment, and extra life insurance coverage may be wasting your money. They may sound like good ideas initially, but if you don’t need them remove them and pocket the money.

Men drivers tend to cost more – Statistics demonstrate females are less aggressive when driving. However, don’t assume that men are worse drivers. Both sexes are responsible for fender benders at a similar rate, but men cause more damage and cost insurance companies more money. Men also get more serious tickets like driving under the influence (DUI). Teenage male drivers tend to get in the most accidents so they pay the highest premiums.

The information below compares Subaru Legacy car insurance costs for male and female drivers. The data assumes a clean driving record, no claims, full physical damage coverage, $500 deductibles, drivers are single, and no additional discounts are factored in.

Safer cars cost less to insure – Vehicles with good safety scores tend to be cheaper to insure. Vehicles built for safety help reduce the chance of injuries in an accident and lower injury rates translates into fewer and smaller insurance claims and cheaper rates on your policy.

Loss statistics for a Subaru Legacy – Insurers analyze historical claim data when setting premium rates. Vehicles that historically have a higher amount or frequency of claims will have increased rates.

The next table illustrates the loss history for Subaru Legacy vehicles. For each policy coverage type, the loss probability for all vehicles, regardless of make or model, is set at 100. Numbers under 100 mean the vehicle has better than average losses, while values that are above 100 point to more claims or statistically larger losses.

Subaru Legacy Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Subaru Legacy 4WD 74 64 115 83 80 76
Subaru Legacy with Eyesight 4WD 71 52 122 71

Empty fields indicate not enough data collected
Statistics from for 2013-2015 Model Years

What is YOUR best insurance company?

Lower-priced Subaru Legacy insurance in Greensboro is available online as well as from independent agents in Greensboro, so get free Greensboro auto insurance quotes from both of them in order to have the best price selection to choose from. Some insurance companies may not offer rate quotes online and many times these smaller providers work with independent agents.

We covered some good ideas how you can reduce Subaru Legacy insurance prices online in Greensboro. The key concept to understand is the more rate quotes you have, the better likelihood of getting affordable Subaru Legacy insurance quotes. Drivers may even discover the lowest priced insurance comes from a company that doesn’t do a lot of advertising.

Insureds who switch companies do it for any number of reasons including questionable increases in premium, policy cancellation, high prices and even not issuing a premium refund. It doesn’t matter what your reason, finding a new insurance company can be less work than you think.

Additional insurance information can be found on the following sites: