Subaru Outback Insurance Quotes in Minneapolis

Insurance rates Subaru Outback in MinneapolisIt’s an obvious assumption that auto insurance companies don’t want you shop around. People who compare rates once a year will probably buy a different policy because of the high probability of finding a cheaper policy. A recent survey revealed that drivers who compared rate quotes regularly saved approximately $3,500 over four years as compared to drivers who didn’t regularly shop around.

If saving money on Subaru Outback insurance in Minneapolis is the reason for your visit, then having some knowledge of how to compare insurance coverage can make it simple to find affordable coverage.

If saving money is your primary concern, then the best way to get low-cost auto insurance rates is to start doing a yearly price comparison from companies who provide car insurance in Minneapolis.

A valuable tip to remember is that you’ll want to make sure you compare identical coverages on every quote and to quote with as many auto insurance providers as possible. Doing this ensures a fair price comparison and the best price selection.

The method we recommend to get rate comparisons for Subaru Outback insurance in Minneapolis takes advantage of the fact auto insurance companies participate in a system to give you rate quotes. To get started, all you need to do is give them some information like coverage limits, if it has an alarm system, the ages of drivers, and what your job is. That information is then sent to insurance companies and you should receive rate quotes almost instantly.

To check car insurance prices now, click here and complete the quick form.

The following companies have been selected to offer free quotes in Minneapolis, MN. If multiple companies are listed, we suggest you visit as many as you can to get a more complete price comparison.

Subaru Outback insurance rate analysis

The coverage information shown below highlights different coverage costs for Subaru Outback models. Understanding how insurance policy rates are determined can aid in making decisions on the best policy to buy.

Subaru Outback Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $264 $398 $358 $22 $108 $1,150 $96
Outback 2.5I Premium $264 $484 $358 $22 $108 $1,236 $103
Outback 2.5I Limited $264 $484 $358 $22 $108 $1,236 $103
Outback 3.6R $264 $484 $358 $22 $108 $1,236 $103
Outback 3.6R Premium $264 $484 $358 $22 $108 $1,236 $103
Outback 3.6R Limited $296 $570 $358 $22 $108 $1,354 $113
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can change prices considerably.

Can higher deductibles save money?

The hardest decision when buying coverage is where to set your physical damage deductibles. The comparison tables below sum up the rate difference when you select higher and lower insurance deductibles. The first rate table uses a $250 deductible for comp and collision and the second rate chart uses a $500 deductible.

Subaru Outback insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $276 $340 $318 $18 $94 $1,071 $89
Outback 2.5I Premium $276 $414 $318 $18 $94 $1,145 $95
Outback 2.5I Limited $276 $414 $318 $18 $94 $1,145 $95
Outback 3.6R $276 $414 $318 $18 $94 $1,145 $95
Outback 3.6R Premium $276 $414 $318 $18 $94 $1,145 $95
Outback 3.6R Limited $308 $486 $318 $18 $94 $1,249 $104
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Subaru Outback insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $224 $274 $318 $18 $94 $928 $77
Outback 2.5I Premium $224 $334 $318 $18 $94 $988 $82
Outback 2.5I Limited $224 $334 $318 $18 $94 $988 $82
Outback 3.6R $224 $334 $318 $18 $94 $988 $82
Outback 3.6R Premium $224 $334 $318 $18 $94 $988 $82
Outback 3.6R Limited $250 $392 $318 $18 $94 $1,072 $89
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Premium amounts do not factor in zip code location which can increase or decrease rates noticeably.

Using the data above, we can ascertain that using a $250 deductible costs an average of $14 more each month or $168 a year than quoting the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to go more than 18 months between claims, you would probably come out ahead if you choose the higher deductible. The table below illustrates how you can decide this on your own policy.

Average monthly premium for $250 deductibles: $96
Average monthly premium for $500 deductibles (subtract): – $82
Monthly savings from raising deductible: $14
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

One important issue to know is that increasing deductibles to save money means you will have to pay more of your own money when you have a comprehensive or collision claim. You will want to have some available funds in the event you have to pay more for the deductible.

The information below demonstrates how choosing different deductibles and can influence Subaru Outback insurance costs for different age groups. The prices are based on a single male driver, comp and collision included, and no policy discounts are applied.

Do you need full coverage?

The example below illustrates the comparison of Subaru Outback insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no accidents, no driving violations, $100 deductibles, single marital status, and no other discounts are factored in.

Should you pay for full coverage?

There is no specific rule for dropping full coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s assume your Subaru Outback replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $3,000 after paying the physical damage deductible. If you are paying more than $300 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some scenarios where only buying liability is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Smart Consumers Know How to Find Auto Insurance at a Discount

Lots of things are part of the calculation when pricing auto insurance. Some are obvious like a motor vehicle report, but some are not quite as obvious such as your marital status or how safe your car is. Consumers need to have an understanding of some of the things that aid in calculating your auto insurance rates. If you know what determines base rates, this enables informed choices that will entitle you to lower premium levels.

The list below includes a partial list of the pieces used by companies to determine rates.

Protect your Subaru Outback and other assets

Even though Minneapolis Outback insurance rates can get expensive, insuring your vehicle is not optional due to several reasons.

First, the majority of states have mandatory liability insurance requirements which means you are required to buy specific minimum amounts of liability insurance in order to license the vehicle. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your vehicle, almost every bank will have a requirement that you have physical damage coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Subaru at a much higher rate and require you to pay the higher premium.

Third, insurance protects not only your Subaru Outback but also your financial assets. Insurance will also pay for hospital and medical expenses for yourself as well as anyone injured by you. Liability coverage will also pay attorney fees if you are named as a defendant in an auto accident. If your Subaru gets damaged, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of having insurance are without a doubt worth the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver is currently overpaying as much as $830 a year so compare quotes from several companies at every policy renewal to help ensure money is not being wasted.