Best Subaru Outback Insurance in Colorado Springs

Anyone knows that auto insurance companies don’t want their policyholders to compare prices. Consumers who compare other prices are likely to switch auto insurance companies because there is a significant possibility of finding a cheaper policy. A survey found that people who shopped around saved $850 each year as compared to drivers who never compared other company’s rates.

If finding the lowest price for auto insurance in Colorado Springs is your objective, then having an understanding of how to shop and compare coverage rates can save time, money, and frustration.

If your goal is the lowest price, then the best way to quote cheaper auto insurance rates is to start comparing rates regularly from insurance carriers who sell insurance in Colorado Springs.

First, gain an understanding of how insurance companies determine prices and the things you can control to keep rates down. Many rating criteria that result in higher prices such as speeding tickets, accidents and poor credit rating can be improved by making minor changes in your lifestyle. This article provides more details to help find cheaper rates and find more discounts that you may not know about.

Second, request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive or Farmers Insurance, while independent agents can provide prices from many different companies.

Third, compare the price quotes to the premium of your current policy and determine if cheaper Outback coverage is available in Colorado Springs. If you find a lower rate quote and make a switch, make sure coverage does not lapse between policies.

Fourth, provide adequate notice to your current company of your intention to cancel your current coverage and submit payment and a signed application to your new company or agent. Immediately store the proof of insurance paperwork somewhere easily accessible.

A key point to remember is to try to use identical deductibles and limits on every quote and and to compare all possible companies. Doing this guarantees an accurate price comparison and a complete selection of prices.

Most of the larger companies provide prices online. Doing online quotes for Subaru Outback insurance in Colorado Springs can be done by anyone as you simply enter your coverage preferences as requested by the quote form. Once entered, the quote system will order your credit score and driving record and returns a price quote determined by many factors. Being able to quote online for Subaru Outback insurance in Colorado Springs simplifies rate comparisons, and it’s also necessary to do this in order to get lower-cost insurance pricing.

If you want to find out how much you can save on insurance, compare quotes from the companies shown below. If you have a policy now, it’s recommended you complete the form with deductibles and limits identical to your current policy. Doing this guarantees you will get an apples-to-apples comparison based on similar coverages.

The following companies can provide comparison quotes in Colorado Springs, CO. If your goal is to find the best car insurance in Colorado Springs, CO, we recommend you visit two to three different companies to get the lowest price.

Colorado Springs insurance discounts for a Subaru Outback

Companies offering auto insurance do not advertise the complete list of policy discounts in an easy-to-find place, so the list below contains some of the more common and also the more inconspicuous discounts that you can inquire about if you buy Colorado Springs auto insurance online.

• Use Seat Belts – Drivers who always wear seat belts and also require passengers to buckle up can save up to 15% on the premium charged for medical payments and/or PIP.
• Driver Education Discount – Cut your cost by having your teen driver successfully take a driver’s education course if it’s offered in school.
• Auto/Home Discount – If you insure your home and vehicles with one insurance company you could get a discount of up to 20% off your total Outback insurance premium.
• Mature Driver Discount – Drivers over the age of 55 can get a slight reduction on a Colorado Springs auto insurance quote.
• Distant Student – Any of your kids who live away from home to go to college and do not have access to a covered vehicle can be insured at a reduced rate.
• Discount for Life Insurance – If the company offers life insurance, you could get a break if you buy a life policy as well.
• Discounts for Government Workers – Active or former government employment may reduce rates when you quote Colorado Springs auto insurance with select insurance companies.
• Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and therefore earn up to a 10% discount.
• Payment Discounts – If you can afford to pay the entire bill rather than spreading payments over time you may reduce your total bill.
• Discount for Passive Restraints – Factory air bags or motorized seat belts could see savings of 25 to 30%.

Policy discounts save money, but some of the credits will not apply to the entire cost. Some only apply to the price of certain insurance coverages like comp or med pay. So when it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

The illustration below illustrates the difference between Subaru Outback car insurance rates with and without discounts applied to the policy rates. The prices are based on a female driver, a clean driving record, no at-fault accidents, Colorado state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, homeowner, multi-car, and safe-driver discounts applied.

To see a list of providers that offer discounts in Colorado, click here.

Rates and detailed analysis

The rate information displayed below outlines estimates of insurance costs for Subaru Outback models. Learning as much as possible about how insurance premiums are determined is important for making smart choices when comparing insurance rates.

Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Table data does not factor in specific zip code location which can influence auto insurance rates significantly.

Policy deductibles

One of the more difficult decisions when buying insurance is how high should the physical damage coverage deductibles be. The figures shown below sum up how much more rates are between high and low coverage deductibles. The first rate quote example uses a $250 deductible and the second price chart uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Table data does not factor in vehicle garaging location which can affect premium rates substantially.

We can estimate from the data above that using a $250 deductible will cost you roughly $26 more each month or $312 for a full year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you have more than 29 months between claims, you would most likely save money by going with a higher deductible.

Subaru Outback insurance premiums by gender and age

The diagram below illustrates the comparison of Subaru Outback yearly insurance costs for male and female drivers. The information is based on no claims or violations, full physical damage coverage, $250 deductibles, drivers are single, and no policy discounts are applied.

Liability only or full coverage

The illustration below compares Subaru Outback car insurance rates with and without physical damage coverage. The information is based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

When to switch to liability coverage only

There isn’t a written rule to exclude comp and collision coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s say your Subaru Outback replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $8,000 after paying your policy deductible. If you are paying over $800 annually for full coverage, then it’s probably a good time to buy liability coverage only.

There are a few situations where only buying liability is not a good idea. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage.

Which auto insurance company is best in Colorado Springs?

Insuring your vehicle with the right company can be a challenge considering how many companies sell insurance in Colorado. The rank data in the next section can help you analyze which car insurance providers to look at purchasing coverage from.

Top 10 Colorado Springs Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Mercury Insurance

Why You Might Pay Increased Rates in Colorado Springs

Many factors are used when pricing auto insurance. Some of the criteria are obvious like a motor vehicle report, but other criteria are more obscure such as your marital status and annual miles driven. It’s important that you understand the rating factors that go into determining the price you pay for car insurance. If you have some idea of what determines base rates, this allows you to make educated decisions that will entitle you to big savings.

• Pay more for higher performance vehicles – The performance of the car you own makes a big difference in how high your rates are. The most favorable rates are usually for small economy passenger vehicles, but your final cost has many other factors.

  The next chart assumes a single female driver age 40, full coverage with $100 deductibles, and no discounts or violations. It compares Subaru Outback policy rates compared to other vehicles that have a range of performances.

• Prices and your address – Having an address in a small town can save you money when it comes to car insurance. Urban drivers have to deal with more auto accidents and a longer drive to work. Lower population translates into fewer accidents and also fewer theft and vandalism claims.

• Traffic violations can increase rates – Getting just one ticket can increase rates by twenty percent. Drivers who don’t get tickets receive lower rates than people who have multiple driving citations. Drivers who have received serious tickets like hit and run, DWI or reckless driving convictions may be required to file a SR-22 with their state’s licensing department in order to legally drive.

  The illustration below demonstrates how traffic citations and at-fault accidents can affect Subaru Outback car insurance rates for each different age category. The price estimates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.

• Do safer cars cost less to insure? – Cars with five star safety ratings tend to have better insurance rates. Highly rated vehicles reduce injuries and lower rates of occupant injuries translates into fewer and smaller insurance claims which can result in lower premiums. If the Subaru Outback is rated at a minimum four stars on Safercar.gov you may qualify for a discount.

• Loss statistics for a Subaru Outback – Companies use statistical claims data when determining insurance rates. Vehicles that statistically have a trend towards higher claim severity or frequency will have higher rates.

  The table below illustrates the insurance loss data used by companies for Subaru Outback vehicles. For each policy coverage, the statistical loss for all vehicles, without regard to make or model, is represented as 100. Numbers that are below 100 suggest losses that are better than average, while values over 100 indicate more frequent claims or larger claims.

  
  

  Subaru Outback Insurance Claim Statistics

  Specific Subaru Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Subaru Outback 4WD	58	68	106	63	64	68
  Subaru Outback with Eyesight 4WD	57	46	106	61	58	40

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years