Finding economical auto insurance for a Subaru Outback hinges on a fairly complex equation with a lot of factors such as whether you are single or married, your credit score, and driving violations. Drivers in Massachusetts will pay on average $1,089 a year to insure their Outback, but that figure is a projection based on a 40-year-old married female driver with full comprehensive and collision coverage and $100 deductibles.
It’s more than likely you may not be 40 years old (or even female), you might be single instead of married, or maybe your Outback is old enough that it doesn’t require full coverage. Everyone has unique insurance needs, and this illustrates why the only real way to find the cheapest rates for your Subaru is to compare rates from as many companies as possible. In just a few minutes you can get prices from top-rated car insurance companies in Massachusetts.
Your vehicle’s trim level will most likely have an effect on the yearly cost, so the price you pay to insure a Outback 2.5I trim level will be $214 less than the cost 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||$280||$510||$350||$20||$106||$1,266||$106|
|Outback 2.5I Limited||$280||$510||$350||$20||$106||$1,266||$106|
|Outback 3.6R Premium||$280||$510||$350||$20||$106||$1,266||$106|
|Outback 3.6R Limited||$312||$600||$350||$20||$106||$1,388||$116|
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Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate information does not factor in Boston location which can lower or raise auto insurance rates greatly.
Insuring your vehicle with the best insurance provider can be difficult considering how many different insurance companies sell coverage in Massachusetts. The ranking data listed below may help you decide which auto insurers you want to consider purchasing coverage from.
The ratings below are only made up of companies that insure vehicles across America, so companies that may only write in Massachusetts are not included in this list. To compare rates from many more Massachusetts auto insurance companies, just click here.
|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
Liability only or full coverage
Saving on auto insurance is important to the majority of people, and one of the quickest ways to reduce the cost of insurance for a Subaru Outback is to not insure for full coverage. The chart below shows the comparison of annual premium costs when comparing full coverage to liability only. The premium estimates are based on no tickets, no at-fault accidents, $250 deductibles, single status, and no discounts are applied to the premium.
If averaged for all ages, comp and collision coverage costs $1,978 per year more than just buying liability only. That raises the question if it’s worth it to buy full coverage. There isn’t a steadfast formula to exclude full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
The chart below highlights how deductible choice can influence insurance costs when researching cheap insurance for a Subaru Outback. The premiums assume a single male driver, comprehensive and collision coverage, and no discounts are factored in.
In the chart above, a 30-year-old driver could lower their policy premium by $384 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $580 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old, could save $1,110 each year just by choosing higher deductibles when buying full coverage. When insureds make the decision to increase the deductibles on their policy, it will be required to have enough in a savings account to enable you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Why you should be shopping around
Boston auto insurance rates are impacted by many things that can increase the price you have to pay for coverage. Getting older, moving to a new city, or getting a driving violation can trigger rate changes resulting in some rates now being cheaper than competitors.
Not only may things change on your end, but insurers file new Massachusetts car insurance rates as needed to reflect underwriting profits or losses. Unexpectedly high claims may result in increased policy costs, while lower claims can produce cheaper Outback insurance rates.
The bar chart below shows the cheapest car insurance in Boston, MA for a 30-year-old female driver with no accidents or violations, and a good credit rating. Based on her personal risk profile, State Farm offers the lowest car insurance rates in Boston at $981 per year. This is $254 less than the average price paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon round out the rest of the most affordable Boston, MA auto insurance companies.
Let’s now give the driver from the first rate comparison a claim surcharge, a lower credit score, and a few traffic violations. Because each company uses their own method for determining prices, analyzing rates most likely will result in a different list of affordable Boston car insurance companies as shown below.
Arbella now has the best insurance rate in Boston with Norfolk and Dedham, USAA, National Grange Mutual, and Amica now being in the top five. This example demonstrates why it is critical to spend some time comparing rates to get the cheapest car insurance quotes for a Subaru Outback. Auto insurance prices are calculated by many things and change dramatically, so the best price when you bought your policy may now not even be in the top five.
How to find more affordable car insurance for a Subaru Outback
The list below details a few penny-pinching ideas that can help Boston drivers buy cheap auto insurance.
- Vehicles with safetly features generally cost less to insure
- Remove physical damage coverage on older vehicles
- Raise deductibles
- At-fault accidents will increase rates
- Improve your credit
- Do not get traffic tickets
- Shop around for cheaper prices
The final tip is extraordinarily important, as was pointed out in the prior article. Coverage prices in Boston go up and down frequently, so drivers shouldn’t hesitate to buy from a new company if you find a better deal.
Brand loyalty is not necessarily bad, but it’s not recommended if it’s costing you thousands of dollars over several years. Take a couple minutes and compare rates to find cheaper car insurance for a Subaru Outback.
The insurance agents in Boston listed below are willing to help you determine which coverage meets your needs best, since many people would rather have a consultation when shopping for cheaper insurance for an Outback. It’s not always easy to find the cheapest rates, and getting professional guidance from a licensed agent can bring peace of mind knowing you have adequate asset protection. To find a Boston insurance agency close to where you live, click the button at the bottom.
Massamont Insurance Agency Inc
280 Summer St – Boston, MA 02210 – (617) 478-5205
120 Middlesex Ave – Somerville, MA 02145 – (617) 666-0222
Sbhu Life Insurance Agency: Weinstein Keith
28 State St # 25 – Boston, MA 02109 – (617) 570-9519