Cheaper 2003 Subaru Legacy Insurance Cost

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Dec 6, 2021

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Have you had enough of not being able to afford to insure your Subaru every month? You are in the same boat as the majority of other car owners. Since consumers have many different company options, it can be diffult for consumers to locate the best company.

It’s smart to check car insurance prices occasionally because insurance rates are variable and change quite frequently. If you had the best rates for Legacy insurance a year ago you can probably find a better price now. Forget anything you know (or think you know) about car insurance because you’re about to find out the best methods to find the best coverage while lowering your premiums.

Discounts are available to cut your rates

The cost of insuring your cars can be expensive, but you may find discounts to help offset the cost. Certain discounts will be applied when you purchase, but lesser-known reductions have to be asked for prior to receiving the credit. If you’re not getting every credit available, you are paying more than you should be.

  • Defensive Driver – Successfully completing a course teaching defensive driving skills can save you 5% or more if your company offers it.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
  • Paperless Signup – A few companies give back up to $50 just for signing your application on their website.
  • Accident Free – Drivers with accident-free driving histories can earn big discounts compared to drivers who are more careless.
  • Discounts for Safe Drivers – Insureds without accidents may receive a discount up to 45% less for Legacy insurance than their less cautious counterparts.
  • Multiple Cars – Buying insurance for all your vehicles on one policy could earn a price break for each car.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of paying each month you may reduce your total bill.
  • No Charge for an Accident – A few companies will allow you to have one accident before hitting you with a surcharge so long as you haven’t had any claims for a certain period of time.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.

Drivers should understand that most discount credits are not given the whole policy. A few only apply to individual premiums such as medical payments or collision. So despite the fact that it appears adding up those discounts means a free policy, it doesn’t quite work that way. Any qualifying discounts will bring down your premiums.

Car insurance companies who might offer these benefits may include but are not limited to:

  • State Farm
  • Farmers Insurance
  • Progressive
  • GEICO
  • Auto-Owners Insurance
  • The Hartford
  • Farm Bureau
  • USAA

Check with each company what discounts are available to you. All car insurance discounts may not be available in your state.

Factors influencing Subaru Legacy insurance rates

An important part of buying insurance is that you know some of the elements that help determine car insurance rates. Having a good understanding of what influences your rates helps enable you to make changes that could result in better car insurance rates.

The following are some of the items that factor into premiums.

  • Your location is important – Being located in a rural area has it’s advantages when insuring your vehicles. Less people living in that area means fewer accidents and a lower car theft rate. Drivers who live in large cities regularly have congested traffic and much longer commute distances. Higher commute times means more change of being in an accident.
  • Don’t buy coverages you don’t need – There are a lot of extra coverages that can waste your money when buying car insurance. Insurance for personal injury protection, accident forgiveness and motor club memberships may be costing you every month. These may sound like a good investment initially, but if you don’t need them eliminate the coverages to reduce your premium.
  • Safer occupants lowers premiums – Cars with high safety ratings can get you lower premiums. Safer cars result in less severe injuries and lower injury rates means lower claim amounts and more competitive rates for policyholders. If your Subaru Legacy scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Poor credit can mean higher rates – Credit score is a big factor in determining your rates. People with high credit scores tend to be more responsible than drivers who have lower credit ratings. If your credit is low, you could pay less to insure your 2003 Subaru Legacy by spending a little time repairing your credit.
  • Car features impact rates – Choosing a vehicle with an alarm system can help lower your rates. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your vehicle from being stolen.
  • Increase deductibles and save – The deductibles define the amount you are required to spend out-of-pocket if you file a covered claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some instances where coverage would apply are running into the backend of another car, vandalism, and rolling your vehicle. The higher the amount you are required to pay out-of-pocket, the less your car insurance will be for Legacy insurance.

Everyone needs different coverages

When it comes to buying coverage for your personal vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For example, these questions might help in determining whether your personal situation would benefit from an agent’s advice.

  • Does my policy cover my teen driver if they drive my company car?
  • Am I covered if I wreck a rental car?
  • How much underlying liability do I need for an umbrella policy?
  • Am I covered if I hit a deer?
  • What can I do if my company denied a claim?
  • Will my rates increase for filing one claim?
  • Is business equipment covered while in my vehicle?
  • Why do I only qualify for high-risk insurance?
  • Am I covered when pulling a rental trailer?
  • Am I getting all the discounts available?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance coverage companies in your area. It’s fast, free and may give you better protection.

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Can switching companies really save?

Consumers get pounded daily by advertisements for cheaper car insurance by State Farm, Allstate and GEICO. All the ads say the same thing that you can save if you switch to their company.

How can each company make the same claim?

Insurance companies have a certain “appetite” for the driver they prefer to insure. An example of a driver they prefer could possibly be between the ages of 30 and 50, has no driving citations, and drives newer vehicles. A propective insured who matches those parameters receives the best rates and as a result will probably save when they switch companies.

Drivers who fall outside the requirements must pay a higher premium which usually ends up with business not being written. Company advertisements say “drivers who switch” not “people who quote” save that kind of money. That’s the way insurance companies can state the savings.

This illustrates why drivers must get quotes from several different companies. It’s just too difficult to predict the company that will provide you with the cheapest Subaru Legacy insurance rates.

Car insurance policy coverages for a Subaru Legacy

Learning about specific coverages of car insurance can be of help when determining which coverages you need and proper limits and deductibles. Car insurance terms can be confusing and coverage can change by endorsement. Shown next are the usual coverages found on most car insurance policies.

Comprehensive insurance

This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like theft, vandalism and falling objects. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Subaru Legacy.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Usually these limits do not exceed the liability coverage limits.

Liability insurance

Liability insurance will cover injuries or damage you cause to other’s property or people. It protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Some companies may use one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as repair bills for other people’s vehicles, structural damage and court costs. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as funeral costs, pain medications, dental work and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage

Coverage for collisions

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a parking meter, crashing into a building, damaging your car on a curb, scraping a guard rail and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Save your cold hard cash

In this article, we covered many ways to lower your 2003 Subaru Legacy insurance rates. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. You may be surprised to find that the biggest savings come from a lesser-known regional company. Smaller companies can often insure niche markets at a lower cost compared to the large companies like State Farm, GEICO and Nationwide.

Budget-conscious insurance can be bought on the web and also from your neighborhood agents, and you should be comparing both to have the best selection. There are still a few companies who may not provide the ability to get a quote online and usually these small, regional companies provide coverage only through local independent agents.

Additional detailed information can be read in these articles:

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