Cheap Quotes for Subaru Outback Insurance in Durham

Inconceivable but true, over 70% of consumers have remained with the same auto insurance company for more than four years, and almost 40% of drivers have never shopped around. Many consumers in America could save $859 every year, but they underestimate how much savings they would realize if they switched to a cheaper policy.

Insurance rates Subaru Outback in DurhamThe preferred way to get more affordable auto insurance rates in Durham is to compare quotes once a year from insurance carriers in North Carolina. Prices can be compared by following these guidelines.

  1. Spend a few minutes and learn about what coverages are included in your policy and the things you can control to keep rates in check. Many things that cause high rates like careless driving and poor credit history can be amended by making minor changes in your lifestyle.
  2. Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO and State Farm, while independent agents can quote rates from many different companies.
  3. Compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate, ensure coverage does not lapse between policies.

A valuable tip to remember is to try to compare similar coverage information on every quote and and to get quotes from as many companies as possible. This helps ensure a level playing field and a complete price analysis.

Our goal is to let you in on how auto insurance companies operate and how you can save the most money. If you already have coverage, you will be able to reduce premiums using these methods. Nevertheless, North Carolina car owners do need to understand how the larger insurance companies determine premium rates because it can help you find the best coverage.

When shopping for low cost Durham car insurance quotes, there are a couple of ways of comparing rates from companies that offer auto insurance in North Carolina. The easiest way by far to compare rates consists of shopping online. When comparison shopping, comparing more quotes provides better odds of finding lower pricing. Some smaller insurers do not give Durham Outback insurance quotes over the internet, so it’s important to compare quotes on coverage from those companies, too.

The companies shown below have been selected to offer free quotes in Durham, NC. If your goal is to find cheaper auto insurance in NC, it’s highly recommended you visit two to three different companies to get a more complete price comparison.

Analysis of coverages

The rate table shown next covers different coverage prices for Subaru Outback models. Learning as much as possible about how insurance premiums are figured can help guide drivers when making smart choices when comparing insurance quotes.

Subaru Outback Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $168 $222 $234 $14 $70 $708 $59
Outback 2.5I Premium $168 $270 $234 $14 $70 $756 $63
Outback 2.5I Limited $168 $270 $234 $14 $70 $756 $63
Outback 3.6R $168 $270 $234 $14 $70 $756 $63
Outback 3.6R Premium $168 $270 $234 $14 $70 $756 $63
Outback 3.6R Limited $186 $318 $234 $14 $70 $822 $69
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Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Price estimates do not factor in your specific Durham location which can alter premium rates substantially.

Higher deductibles lower rates

When buying car insurance, a common question is how high should the physical damage deductibles be. The figures shown below can help you visualize the differences in premium rates between high and low physical damage deductibles. The first set of prices uses a $100 deductible for physical damage and the second rate table uses a $1,000 deductible.

Subaru Outback insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $242 $318 $250 $14 $74 $923 $77
Outback 2.5I Premium $242 $386 $250 $14 $74 $991 $83
Outback 2.5I Limited $242 $386 $250 $14 $74 $991 $83
Outback 3.6R $242 $386 $250 $14 $74 $991 $83
Outback 3.6R Premium $242 $386 $250 $14 $74 $991 $83
Outback 3.6R Limited $270 $456 $250 $14 $74 $1,089 $91
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Subaru Outback insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $134 $168 $250 $14 $74 $640 $53
Outback 2.5I Premium $134 $204 $250 $14 $74 $676 $56
Outback 2.5I Limited $134 $204 $250 $14 $74 $676 $56
Outback 3.6R $134 $204 $250 $14 $74 $676 $56
Outback 3.6R Premium $134 $204 $250 $14 $74 $676 $56
Outback 3.6R Limited $150 $240 $250 $14 $74 $728 $61
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rates do not factor in specific garaging location which can modify prices greatly.

Based on the above data, using a $100 deductible costs about $27 more each month or $324 each year than quoting the higher $1,000 deductible. Since you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 33 months between claim filings, you would probably save some money if you choose a higher deductible.

How to calculate deductible break even point

Average monthly premium for $100 deductibles: $83
Average monthly premium for $1,000 deductibles (subtract): – $56
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

An important thing to remember is that raising deductibles means you will have to cover more of the damage yourself at claim time. You will want to have some extra savings in the event you have to pay the deductible for vehicle repair.

The illustration below shows how choosing a deductible and can increase or decrease Subaru Outback premium costs for each different age group. The price estimates are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.

Impact of speeding/accidents on car insurance rates

The information below demonstrates how traffic citations and accident claims can impact Subaru Outback car insurance costs for different categories of driver ages. Data assumes a single male driver, full coverage, $100 deductibles, and no policy discounts are applied.

Cost of full coverage

The chart below visualizes the comparison of Subaru Outback insurance costs with liability coverage only compared to full coverage. The premiums assume a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are applied.

Should you pay for full coverage?

There is no specific rule of when to eliminate full coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s pretend your Subaru Outback replacement cost is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $3,000 after the deductible is paid. If it’s costing you more than $300 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some situations where eliminating full coverage is not a good plan. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage in place.

You Can Change Your Insurance Premiums

One of the most helpful ways to save on insurance is to to have a grasp of the rating factors that come into play when calculating your insurance rates. When consumers understand what controls the rates you pay, this enables you to make decisions that can help you get cheaper rates. Many different elements are part of the calculation when quoting car insurance. Most are fairly basic like a motor vehicle report, but other factors are more obscure like where you live or how safe your car is.

Why you need insurance for your Subaru vehicle

Despite the high cost, car insurance is a good idea for several reasons.

First, almost all states have minimum mandated liability insurance limits which means you are required to buy a minimum amount of liability insurance coverage if you don’t want to risk a ticket. In North Carolina 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.

Second, if you have a lien on your Subaru Outback, more than likely the lender will stipulate that you buy insurance to guarantee loan repayment. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Subaru at a much higher premium rate and require you to reimburse them the higher premium.

Third, insurance protects your car and your assets. It will also cover many types of medical costs for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also covers legal expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.

The benefits of buying enough insurance more than cancel out the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is wasting up to $750 every year so it’s very important to do a rate comparison at least once a year to ensure rates are inline.