Finding the best cheap auto insurance for a Subaru Outback is dependent upon a pretty complex algorithm that uses a lot of factors such as driver age, if you have a tendency to file claims, and the level of deductible you choose. Drivers will pay around $607 per year for Outback insurance, but that figure is an estimation using a 40-year-old single male driver with full physical damage coverage and $1,000 deductibles.
When projecting a rate like this, the problem is that you may not be 40 years old (or even male), married instead of single, or you just want cheap liability insurance instead of full coverage. Having what appears to be a very minor change in policy rating criteria or coverages can make a large difference in rates.
Car insurance coverage is unique to each driver, so this is why the only real way to find cheap auto insurance rates for your Subaru is to put in the effort to do a thorough rate comparison. Price quotes are quick and you will receive rate quotes from the best companies that insure vehicles in Ohio.
The trim level of your Subaru will have an impact the cost of insurance, so the cost to insure a Outback 2.5I model will be $90 less than the price to insure the higher-priced Outback 3.6R Limited version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Outback 2.5I Premium||$120||$214||$274||$16||$82||$706||$59|
|Outback 2.5I Limited||$120||$214||$274||$16||$82||$706||$59|
|Outback 3.6R Premium||$120||$214||$274||$16||$82||$706||$59|
|Outback 3.6R Limited||$134||$252||$274||$16||$82||$758||$63|
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Prices do not factor in specific location information which can increase or decrease auto insurance rates significantly.
Insuring your vehicle with a highly-rated auto insurance provider can be difficult considering how many choices there are in Toledo. The company information shown below could help you decide which coverage providers to look at when insurance shopping for a Subaru Outback.
These ratings only include insurance companies that insure vehicles in the majority of U.S. states, so smaller companies are not factored into the list. If you’d like to compare prices from the most competitive companies in Ohio, click this link.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Impact of citations and accidents on insurance rates
The obvious way to receive affordable insurance rates in Toledo for an Outback is to be a safe driver and have a clean driving record. The information below demonstrates how traffic citations and at-fault fender-benders influence insurance costs for each age group. Data assumes a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
The data charted above shows the average cost of an auto insurance policy per year with no violations or accidents is $887. Add in two speeding tickets and the average cost hikes up to $1,251, an increase of $364 each year. Now get one accident along with the two speeding tickets and the 12-month cost of insurance for a Subaru Outback goes up to an average of $1,616. That’s an increase of $729, or $61 per month, just for not being more responsible behind the wheel!
How much more does full coverage cost in Toledo?
Saving on insurance should be important to the majority of vehicle owners, and one good way to pay less for insurance for a Subaru Outback is to not insure for full coverage. The example below illustrates the comparison of insurance costs with and without full coverage. The premiums assume no violations or accidents, $1,000 deductibles, single marital status, and no policy discounts are applied.
If we average the cost for all age groups, physical damage insurance costs an additional $1,153 per year more than buying just liability insurance. That proposes the question if buying full coverage is a waste of money. There is no set rule to delete full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s assume your vehicle’s settlement value is $4,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $3,500 after you pay the deductible. If premium cost is more than $350 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some conditions where eliminating full coverage is not a good plan. If you still have a loan on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not buy liability only.
Discounts on Toledo car insurance rates
Auto insurance companies that offer quotes for a Subaru Outback may also give you rate discounts that could lower prices by as much as 35% or more if you meet specific eligibility requirements. The best insurance companies and their offered discounts are included below.
- State Farm offers premium reductions for Drive Safe & Save, good driver, safe vehicle, good student, and Steer Clear safe driver discount.
- Nationwide offers discounts including business or organization, easy pay, family plan, accident-free, and multi-policy.
- GEICO includes discounts for air bags, good student, seat belt use, anti-lock brakes, and multi-vehicle.
- AAA has savings for multi-policy, pay-in-full, AAA membership discount, multi-car, good student, education and occupation, and good driver.
- 21st Century discounts include theft prevention, defensive driver, good student, teen driver, student driver, and driver training.
- The Hartford offers discounts for good student, air bag, driver training, vehicle fuel type, anti-theft, and defensive driver.
The diagram below visualizes the comparison of premium costs with and without discounts. The price estimates are based on a female driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, defensive driving course, multiple vehicle, claim-free, anti-theft, and safe-driver discounts applied. When drivers qualify for the discounts, the average amount saved each year on insurance for a Subaru Outback is 27% or $411.