Cheapest 2016 Subaru BRZ Insurance Rates in 2023
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UPDATED: Jun 6, 2023
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Looking for the cheapest auto insurance rates for your Subaru BRZ? Have you finally had enough of scraping nickels together to pay your auto insurance bill each month? You are no different than many other consumers.
Lots of car insurance companies contend for your insurance dollar, and because of this it can be hard to compare auto insurance companies to discover the definitive best price available.
Get lower-cost insurance prices by understanding these factors
Part of the insurance buying process is learning the factors that aid in calculating your insurance rates. If you understand what determines premiums, this helps enable you to make changes that may reward you with much lower annual insurance costs.
- Costs for men may be higher – Statistics show that females take fewer risks when driving. However, don’t assume that females are better at driving than males. Men and women have at-fault accidents in similar numbers, but the males tend to have higher claims. They also receive more costly citations like driving under the influence (DUI).
- Commute or pleasure use – The higher the mileage driven each year the more you’ll pay to insure it. Most companies apply a rate based on how the vehicle is used. Cars left parked in the garage receive lower rates than vehicles that have high annual mileage. Improper usage on your BRZ is just wasting money. It’s always a good idea to double check that your vehicle rating correctly shows how each vehicle is driven.
- Poor credit decisions can cost you – Having a bad credit score is a large factor in determining what you pay for insurance. So if your credit history is lower than you’d like, you could potentially save money when insuring your 2016 Subaru BRZ by spending a little time repairing your credit. Insureds with very good credit scores tend to be more responsible and file fewer claims than drivers with poor credit scores.
- Your location is a factor – Choosing to live in less populated areas of the country is a good thing when shopping for auto insurance. Less people living in that area means a lower chance of having an accident. People in densely populated areas tend to have more traffic problems and more time behind the wheel. More time on the road means more chances of being involved in an auto accident.
Insurance Coverage Discounts
Car insurance companies don’t necessarily list the entire discount list very well, so the following is a list of a few of the more well known in addition to some of the lesser obvious insurance coverage savings. If you’re not getting every credit possible, you may be paying too high a price.
- Life Insurance Discount – Larger companies have a lower price if you buy some life insurance too.
- Discounts for Seat Belt Usage – Drivers who require all occupants to buckle up before driving can save 10% or more off the medical payments premium.
- Telematics Discount – People who choose to allow their insurance company to study when and where they use their vehicle through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates if they are good drivers.
- Passive Restraint Discount – Factory options such as air bags and/or automatic seat belt systems could see savings of up to 25% or more.
- Government Employee Discount – Active or former government employment could cut as much as 10% off for BRZ insurance with certain companies.
- Own a Home and Save – Just being a homeowner can earn you a little savings because maintaining a house shows financial diligence.
- Responsible Drivers – Insureds who avoid accidents may receive a discount up to 45% for BRZ insurance than less cautious drivers.
- Braking Control Discount – Cars with anti-lock braking systems are much safer to drive and qualify for as much as a 10% discount.
- Auto/Home Discount – If you combine your home and auto policies and insure them with the same company you could save 10% to 20% off each policy.
- Discount for Low Mileage – Low mileage vehicles could qualify for better prices on cars that stay parked.
Just know that some of the credits will not apply to your bottom line cost. Most cut the cost of specific coverages such as comprehensive or collision. Just because it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.
A few of the larger companies and some of the discounts are included below.
- State Farm policyholders can earn discounts including passive restraint, good student, multiple autos, student away at school, driver’s education, and multiple policy.
- Farmers Insurance offers discounts including bundle discounts, distant student, youthful driver, switch companies, pay in full, good student, and homeowner.
- Progressive includes discounts for online signing, multi-policy, good student, continuous coverage, and homeowner.
- GEICO has discounts for membership and employees, multi-vehicle, daytime running lights, military active duty, and anti-lock brakes.
- Auto-Owners Insurance offers discounts for group or association, company car, multi-policy, multiple vehicles, and anti-theft.
- The Hartford offers premium reductions for vehicle fuel type, defensive driver, good student, anti-theft, air bag, driver training, and bundle.
- Farm Bureau may include discounts for safe driver, multi-policy, multi-vehicle, renewal discount, good student, youthful driver, and driver training.
- USAA has savings for new vehicle, vehicle storage, driver training, loyalty savings, annual mileage, safe driver, and family discount.
When getting free insurance quotes, it’s a good idea to each company which discounts you may be entitled to. Some of the discounts discussed earlier might not be available to policyholders in your area. If you would like to see a list of insurers who offer discounts, follow this link.
But the ad said I’d save 15% in 15 minutes!
Big name companies like GEICO, State Farm and Progressive constantly bombard you with ads in print and on television. They all say the same thing that drivers can save some big amount if you switch your auto insurance policy to them. It sounds good, but how can they all offer drivers better rates? It’s all in how they say it.
Most companies offer their best rates for the type of driver that earns them a profit. For example, this type of insured might be described as over the age of 40, has other policies, and drives less than 7,500 miles a year. A customer getting a price quote that hits that “sweet spot” receives the best rates and as a result will probably save a lot if they switch.
Potential insureds who may not quite match these criteria may be forced to pay higher premiums which leads to the customer buying from someone else. If you listen closely, the ads state “customers that switch” not “all people who quote” save money. That’s the way insurance companies can make those claims.
That is why you need to get price quotes at each policy renewal. You cannot predict which auto insurance company will have the lowest rate quotes.
Tailor your insurance coverage coverage to you
When buying the best insurance coverage coverage for your personal vehicles, there really is no best way to insure your cars. Every insured’s situation is different and your policy should reflect that. For example, these questions may help highlight if your situation would benefit from professional advice.
- Why am I required to get a high-risk car insurance policy?
- Why do I need rental car insurance?
- I have health insurance so do I need medical payments coverage?
- Do I need higher collision deductibles?
- Do I need an umbrella policy?
- Does my insurance cover a custom paint job?
- Where can I find high-risk insurance?
- How can I get my company to pay me more for my totalled car?
If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier
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Specific coverages for a Subaru BRZ
Understanding the coverages of your policy can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverages available from auto insurance companies.
Uninsured or underinsured coverage
Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your Subaru BRZ.
Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Liability car insurance
Liability insurance protects you from damage that occurs to a person or their property by causing an accident. It protects YOU against claims from other people. It does not cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Occasionally you may see a combined limit which combines the three limits into one amount without having the split limit caps.
Liability can pay for things like repair bills for other people’s vehicles, court costs, funeral expenses and pain and suffering. How much coverage you buy is up to you, but you should buy as much as you can afford.
Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like fire damage, falling objects, hitting a deer, theft and damage from a tornado or hurricane. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical expense coverage
Coverage for medical payments and/or PIP pay for bills like nursing services, prosthetic devices and doctor visits. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Auto collision coverage
Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as sideswiping another vehicle, hitting a parking meter, colliding with a tree, crashing into a ditch and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.
Quote often and quote early
In this article, we covered quite a bit of information on how to compare 2016 Subaru BRZ insurance rates online. The most important thing to understand is the more you quote insurance, the better your chances of lowering your car insurance rates. You may be surprised to find that the biggest savings come from some of the smallest insurance companies. These smaller insurers may have significantly lower car insurance rates on certain market segments compared to the large companies like Allstate, GEICO and Progressive.
When trying to cut insurance costs, do not sacrifice coverage to reduce premiums. In too many instances, an insured dropped comprehensive coverage or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The aim is to get the best coverage possible at the best cost and still be able to protect your assets.
Additional information can be read at these links:
- What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)
- Five Tips to Save on Auto Insurance (Insurance Information Insitute)
- Steps to Take After an Auto Accident (Insurance Information Insitute)
- A Tree Fell on Your Car: Now What? (Allstate)
- Protect Yourself Against Auto Theft (Insurance Information Insitute)
- Auto Crash Statistics (Insurance Information Insitute)
Frequently Asked Questions
How can I get lower-cost insurance prices for my Subaru BRZ?
To get lower-cost insurance prices, it’s important to understand the factors that affect your insurance rates. By understanding what determines premiums, you can make changes that may result in lower annual insurance costs.
Are there any insurance coverage discounts available?
Yes, many car insurance companies offer various discounts. Some of the more well-known discounts include safe driver discounts, multi-policy discounts, and good student discounts. However, not all discounts apply to everyone, so it’s a good idea to ask each company which discounts you may be entitled to.
How do insurance companies offer better rates than others?
Insurance companies often advertise better rates, but they typically offer their best rates to drivers who fit certain criteria. These criteria may include being over the age of 40, having other policies with the company, and driving fewer miles per year. Customers who meet these criteria may receive the best rates and save a lot by switching. It’s important to get price quotes at each policy renewal to find the lowest rate.
How do I tailor my insurance coverage to my needs?
When buying insurance coverage for your Subaru BRZ, there is no one-size-fits-all solution. Every insured individual’s situation is different, so it’s important to assess your own needs. Consider factors such as your budget, driving habits, and potential risks. If you’re unsure about the coverage you need, it’s recommended to talk to a licensed agent who can provide professional advice.
What are the specific coverages available for a Subaru BRZ?
The typical coverages available from auto insurance companies include uninsured/underinsured coverage, liability car insurance, comprehensive protection, medical expense coverage, and auto collision coverage. These coverages protect you in various scenarios, such as accidents, damage caused by nature or theft, medical expenses, and collision-related damage.
How often should I get insurance quotes?
It’s a good practice to quote insurance periodically, especially at each policy renewal. Insurance rates can vary among companies, and by comparing quotes, you increase your chances of finding lower rates. Some smaller insurance companies may offer significantly lower rates compared to larger companies. Remember not to sacrifice coverage for lower premiums, as inadequate coverage may end up costing you more in the long run.
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