Who Has Cheap Insurance for a Subaru Impreza in Nevada?

When discussing auto insurance, the words cheap or affordable should not be used anywhere in the article as a descriptor for auto insurance rates. Regardless, cheap auto insurance for a Subaru Impreza can be hard, if not impossible, to find. We’ll try to make it up to you, because we can show you some ways you can still find insurance that is affordable.

Your chances of buying affordable insurance for a Subaru Impreza in Nevada depends on a lot of factors such as the age of the Impreza, whether you are claim-free, and the deductible amount you use. Drivers will pay on average $990 each year to buy insurance for a Subaru Impreza, but that cost is a projection based upon a 40-year-old married male driver that has full physical damage coverage and $250 policy deductibles.

There is a really good chance that you’re not a 40-year-old male, you might be single instead of married, or you need different deductibles. Just a minor difference in policy rating criteria or coverages could end up in a significant change in the cost of insurance.

Everyone has different rating factors, so the best way to quote the cheapest insurance price for your Subaru is to make a habit of regularly comparing rates from other companies. Get your free quotes now and you will be able to see rates from the best auto insurance companies that insure Subaru vehicles in Nevada.

Insure Your Subaru for Less

The trim level of your Impreza will be a contributing factor to the cost of insurance, so the rate you will pay to insure a Impreza 2.5I 4WD Station Wagon will be $252 less expensive the cost to insure the more costly Impreza WRX STI 4WD Station Wagon model, as demonstrated by the prices below.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in garaging location in Nevada which can influence auto insurance rates noticeably.

Picking a highly-rated car insurance company can be challenging considering how many choices you have in Nevada. The company rank data displayed below could help you decide which coverage providers to look at buying from. These rankings are only made up of large, nationwide insurance companies, so companies that have a smaller presence are not taken into consideration for this list.

Rate difference between full and liability-only coverage

Finding cheap insurance for a Subaru Impreza in Nevada should be important to the majority of people, and one of the easiest ways to find cheap insurance is to only buy liability insurance. The chart below illustrates the difference between annual premium costs with full coverage and liability only. The premiums are based on no accidents, no driving violations, $500 deductibles, single marital status, and no additional discounts are factored in.

If averaged out across all ages, comprehensive and collision coverage on your policy costs an extra $1,859 per year over liability only. That is a significant amount which raises the question when is the right time to remove full coverage. There isn’t a steadfast formula that works best for making the decision to drop physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s assume your vehicle’s book value is $12,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $11,000 after the policy deductible has been paid. If it’s costing you more than $1,100 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

Why you should be shopping around

Nevada auto insurance rates are impacted by many factors which can significantly increase or decrease the price of your policy. Simply having a birthday, filing a claim, or getting a few speeding tickets may cause policy rate changes that can make some companies cheaper than competitors.

Also, companies change their prices as often as every quarter in order to be able to pay unexpected claims. Unexpectedly high claims can cause higher prices, while long-term profits can result in lower-priced Impreza insurance rates.

To illustrate this point, the chart below shows the companies that have the cheapest car insurance in Nevada for a 45-year-old female driver with a clean driving record, no accidents, and good credit. If we estimate prices based on her current situation, Travelers may offer the most affordable car insurance rates in Nevada at $930 each year. This is $644 less than the average price paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family are the remaining cheapest Nevada auto insurance companies.

Now let’s give the driver from the first rate comparison an at-fault accident, a lower credit rating, and a stop sign violation. Due to the fact that every insurance company has a proprietary method to set premium rates, analyzing rates most likely will result in a different list of affordable companies as shown below.

GEICO now has the lowest car insurance rate in Nevada with Safeco, Nationwide, USAA, and Capital now rounding out the top five. This illustrates why Nevada drivers need to spend some time comparing rates when trying to get the lowest auto insurance rates for a Subaru Impreza.

Rates can be determined by many factors and can change without notice, so the most affordable company the last time you shopped around may now be quite expensive.

How to find economical insurance for a Subaru Impreza

The list below details some of the recommended penny-pinching ideas that can help Nevada drivers find more affordable coverage.

• Increase your deductibles
• Staying accident-free helps keep rates low
• Save money by observing traffic laws and speed limits
• Higher credit scores may earn you cheaper rates
• Vehicles with good safety ratings have lower liability rates
• Do not waste money insuring older vehicles for full coverage
• Comparison shop frequently

That last idea is certainly important, as we discussed in this piece. Coverage prices in Nevada vary considerably, so don’t hesitate to switch carriers if you find a cheaper price. We understand brand loyalty, but it’s not a great idea if that devotedness results in you overpaying big bucks every year. Take a couple minutes and compare prices to find cheaper auto insurance for a Subaru Impreza.

Cheapest Subaru Impreza insurance quotes

You have many ways to find lower-cost auto insurance in Nevada, but the most frequently used ways are using an exclusive insurance agent like Liberty Mutual or State Farm, an independent or non-exclusive agent, or direct from companies such as Progressive or Geico. All three ways are similar, but auto insurance buyers need to understand the differences in how they provide rate quotes.

Independent insurance agencies work with multiple companies and can do rate comparisons with every one. These types of agents are not employed by one specific company and can give you more rate choices, which can give you improved odds of finding cheaper coverage. If prices rise, the agent simply finds a different carrier which prevents you from having to find an new insurance agent.

Exclusive agents are restricted to a single company, two examples being an Auto-Owners or State Farm agent. These agents are unable to provide rate quotes from other companies, so they have no alternatives for high prices.

If you choose to buy auto insurance direct, you forego a local insurance agent and instead buy direct online or over the phone from a company like Esurance or Progressive. This option may be preferred by families who do not have complex finances and understand what is covered and what is not.

Which method works best for finding cheap insurance for a Subaru Impreza in Nevada? Most drivers assume that buying from a direct car insurance company results in the cheapest rates because you bypass the agent, but unfortunately, that is not the case. It would also be easy to say going through an independent agent saves the most money since they can provide multiple quotes, but that is not necessarily true either. In some circumstances, the exclusive agents have really good rates that are the lowest in Nevada.

Because there is so much variation in auto insurance prices, really the best method to get rock-bottom rates is to do a thorough rate comparison. If time allows, get price quotes all three ways to have enough rates to compare. For a list of companies with cheap rates in Nevada, click here to view.