The recommended way to find cheaper prices for car insurance rates is to regularly compare prices from insurance carriers who sell insurance in Irvine.
- Get an understanding of how your policy works and the factors you can control to drop your rates. Many policy risk factors that cause high rates like getting speeding tickets and a not-so-good credit rating can be eliminated by being financially responsible and driving safely. Continue reading for more ideas to prevent rate hikes and earn a bigger discount.
- Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agents can provide price quotes for many different companies.
- Compare the price quotes to your existing rates to see if a cheaper price is available. If you can save some money, make sure there is no coverage gap between policies.
- Notify your company or agent of your decision to cancel the current policy and submit payment and a completed application to the newly selected company. Once the application is submitted, place the new certificate verifying proof of insurance in your vehicle.
An essential thing to point out is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on every price quote and and to look at as many carriers as you can. This guarantees a fair price comparison and a thorough price selection.
Remarkably, a study showed that most insurance policyholders kept their policy with the same company for a minimum of four years, and nearly the majority have never compared insurance rates at all. Irvine drivers could save 35% each year by just comparing quotes, but they feel it’s too difficult to compare other rate quotes.
Subaru WRX Insurance Premium Factors
Many things are considered when premium rates are determined. Some are pretty understandable such as your driving record, but some are more obscure like your continuous coverage and annual miles driven. One of the most helpful ways to save on auto insurance is to to have a grasp of the factors that play a part in calculating the level of your policy premiums. If you know what determines base rates, this allows you to make educated decisions that may reward you with lower rates.
The following are some of the items that factor into your premiums.
Coverage lapses lead to higher premiums – Letting your insurance expire is a guaranteed way to bump up your auto insurance costs. In addition to paying higher premiums, getting caught without coverage may earn you a fine, jail time, or a revoked license.
How much liability coverage – The liability section of your policy is the coverage that protects you when you are found liable for damages from an accident. It provides you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive when compared with rates for comp and collision, so do not cut corners here.
Use but don’t abuse your insurance – If you frequently file small claims, you can expect either higher rates or even cancellation. Auto insurance companies in California generally give the lowest premiums to policyholders that do not abuse their auto insurance. Your insurance policy is designed for larger claims.
Discounts for married couples – Having a wife or husband helps lower the price on your policy. It demonstrates that you tend to be more mature and it’s statistically proven that married couples file fewer claims.
Pay more out-of-pocket – Protection for physical damage, also known as collision and other-than-collision, protects your Subaru from damage. Some examples of covered claims are a dented fender, hail damage, and having your car stolen. Physical damage deductibles define the amount you are willing to pay before your auto insurance pays a claim. The higher the amount the insured has to pay upfront, the bigger discount you will receive.
Accidents cost more than a fine – Good drivers tend to pay less for car insurance than people who have multiple driving citations. Getting just one driving citation can increase rates twenty percent or more. Drivers who have dangerous violations like DUI, reckless driving or excessive speeding are required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to prevent their license from being revoked.
Safer vehicles cost less to insure – Vehicles with good safety scores get lower rates. The safest vehicles have better occupant injury protection and fewer serious injuries means your insurance company pays less which can mean better rates for you. If the Subaru WRX has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
Save money by eliminating incidental coverages – There are quite a few extra coverages that can waste your money when buying auto insurance. Add-on coverages like personal injury protection, accidental death, and motor club memberships may be wasting your money. These coverages may sound good when buying your policy, but if you have no use for them consider taking them off your policy.
Loss probability for a Subaru WRX – Insurance companies use data from past claims when they file their rates in each state. Models that statistically have higher claim amounts or frequency will be charged more to insure. The table below demonstrates the compiled insurance loss statistics for Subaru WRX vehicles.
For each type of coverage, the claim amount for all vehicles combined as an average is a value of 100. Values that are 100 or less imply a favorable loss record, while values over 100 indicate higher probability of having a loss or tendency to have higher losses.
|Specific Subaru Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Subaru WRX 4WD||141||82||158||94||81||84|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Quote. Compare. Save.
Insureds who switch companies do it for a variety of reasons including lack of trust in their agent, extreme rates for teen drivers, high rates after DUI convictions or questionable increases in premium. Regardless of your reason, switching companies can be pretty painless.
You just read many ways to get a better price on Subaru WRX insurance in Irvine. The key thing to remember is the more companies you get auto insurance rates for, the better chance you’ll have of finding cheaper Irvine auto insurance quotes. You may even be surprised to find that the best price on car insurance is with a smaller regional carrier.
Some insurance providers do not offer rate quotes online and usually these smaller companies only sell through independent agents. Budget-friendly car insurance in Irvine is possible on the web and with local Irvine insurance agents, so compare prices from both in order to have the best chance of saving money.
Much more information about car insurance in California can be found at these links:
- Neck Injury FAQ (iihs.org)
- How Much are Car Insurance Rates for Drivers Over Age 60 in Irvine? (FAQ)
- Who Has Cheap Auto Insurance for Safe Drivers in Irvine? (FAQ)
- Side Impact Crash Tests (iihs.org)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Bodily Injury Coverage (Liberty Mutual)