Find Cheaper Subaru Outback Insurance in Memphis

We don’t have to point out that fact that insurance companies don’t want their customers to go rate shopping. Insureds who rate shop once a year are likely to buy a new policy because there is a great chance of finding a more affordable policy. A recent survey discovered that people who compared prices regularly saved about $860 a year as compared to drivers who don’t regularly compare prices.

If finding low prices for Subaru Outback insurance is your ultimate target, then knowing the best ways to find and compare coverages can help make the process easier.

Insurance rates Subaru Outback in MemphisIf your goal is the lowest price, then the best way to find cheaper Subaru Outback insurance is to compare prices once a year from companies in Memphis. Prices can be compared by completing these steps.

  1. Try to understand coverages and the modifications you can make to prevent high rates. Many risk factors that drive up the price like traffic citations, accidents, and an imperfect credit rating can be controlled by making lifestyle changes or driving safer.
  2. Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from a single company like GEICO or State Farm, while independent agents can provide price quotes from multiple sources. Find a Memphis insurance agent
  3. Compare the new quotes to your existing coverage and see if there is a cheaper rate. If you find a better price and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Provide written notification to your current company to cancel your existing policy and submit the application along with any required down payment to the new insurer. Be sure to put the proof of insurance certificate in your vehicle’s glove compartment or console.

A crucial key to this process is that you’ll want to make sure you compare identical coverage information on each quote request and and to get prices from as many different companies as possible. This helps ensure a fair price comparison and the best price quote selection.

Cutting your car insurance rates is pretty simple and can save money. Drivers just need to invest a few minutes getting comparison quotes from some recommended companies.

Getting rates online is very simple and it replaces the need to physically go to each insurance agency near you. Comparing online rate quotes has made agencies unnecessary unless you prefer the trained guidance that you can only get from talking to an agent. If you prefer, some companies allow you to compare online quotes but buy from a local insurance agent.

The providers in the list below are ready to provide free quotes in Tennessee. To get the best auto insurance in Memphis, it’s a good idea that you get rates from several of them in order to find the most affordable rates.

Don’t overlook these Subaru Outback insurance discounts

Car insurance is not cheap nor is it fun to buy but there’s a good chance there are discounts that can drop the cost substantially. Most are applied when you quote, but once in a while a discount must be asked for prior to receiving the credit.Car insurance discounts

You should keep in mind that most credits do not apply to the entire cost. Most cut the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like you could get a free car insurance policy, it’s just not the way it works. But all discounts should help reduce your policy premiums.

The example below illustrates the difference between Subaru Outback insurance costs with and without discounts applied to the premium. The information is based on a male driver, no driving violations, no at-fault accidents, Tennessee state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, claim-free, safe-driver, and multi-policy discounts applied.

To find car insurance companies with the best Subaru Outback insurance discounts in Memphis in Tennessee, click this link.

Insurance rate breakdown

The rate information below covers detailed analysis of insurance premium costs for Subaru Outback models. Being more informed about how insurance prices are determined is important for you to make decisions when shopping around.

Subaru Outback Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $270 $416 $376 $22 $112 $1,196 $100
Outback 2.5I Premium $270 $508 $376 $22 $112 $1,288 $107
Outback 2.5I Limited $270 $508 $376 $22 $112 $1,288 $107
Outback 3.6R $270 $508 $376 $22 $112 $1,288 $107
Outback 3.6R Premium $270 $508 $376 $22 $112 $1,288 $107
Outback 3.6R Limited $300 $598 $376 $22 $112 $1,408 $117
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Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium costs do not factor in vehicle garaging location which can affect premiums significantly.

Physical damage deductibles: Should you raise them?

A question often asked by Memphis drivers is how high should the deductibles for physical damage be. The following insurance rates may aid in understanding how much more rates are between low and high insurance deductibles. The first data set uses a $250 comprehensive and collision deductible and the second set of prices uses a $500 deductible.

Subaru Outback insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $252 $310 $288 $18 $86 $979 $82
Outback 2.5I Premium $252 $376 $288 $18 $86 $1,045 $87
Outback 2.5I Limited $252 $376 $288 $18 $86 $1,045 $87
Outback 3.6R $252 $376 $288 $18 $86 $1,045 $87
Outback 3.6R Premium $252 $376 $288 $18 $86 $1,045 $87
Outback 3.6R Limited $280 $444 $288 $18 $86 $1,141 $95
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Subaru Outback insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $204 $250 $288 $18 $86 $846 $71
Outback 2.5I Premium $204 $304 $288 $18 $86 $900 $75
Outback 2.5I Limited $204 $304 $288 $18 $86 $900 $75
Outback 3.6R $204 $304 $288 $18 $86 $900 $75
Outback 3.6R Premium $204 $304 $288 $18 $86 $900 $75
Outback 3.6R Limited $228 $358 $288 $18 $86 $978 $82
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Premium amounts do not factor in specific Memphis garaging location which can raise or lower premium rates greatly.

Based on the data above, we can derive that using a $250 deductible costs roughly $12 more each month or $144 annually than choosing the higher $500 deductible. Since the policyholder 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 have at a minimum 21 months between claims, you would save more money if you decide on a higher deductible.

The chart below illustrates how your choice of deductibles and can change Subaru Outback annual premium costs for different age groups. The data assumes a single female driver, comp and collision included, and no policy discounts are applied.

Rate increases following a ticket or accident

The diagram below shows how speeding tickets and accident claims can raise Subaru Outback auto insurance rates for each different age category. The prices are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

Does it make sense to buy full coverage?

The example below compares Subaru Outback insurance prices with full coverage and liability only. The information is based on no claims, a clean driving record, $500 deductibles, single marital status, and no discounts are applied.

Are you wasting money on full coverage?

There is no definitive guideline for excluding comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s assume your Subaru Outback claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after paying your policy deductible. If you are paying in excess of $500 annually for comprehensive and collision coverage, then it might be time to buy liability only.

There are some scenarios where buying only liability insurance is not a good idea. If you haven’t satisfied your loan, you have to carry full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

How to Lower Your Insurance Premiums

The best way to find cheaper car insurance is to take a look at the different types of things that play a part in calculating your premiums. When consumers understand what impacts premium levels, this allows you to make educated decisions that may result in big savings. Lots of things are used when you get a price on insurance. A few of the factors are predictable like your driving record, although others are more obscure like your continuous coverage or your commute time.

The list below includes some of the major factors utilized by car insurance companies to help set your rate level.

Policy add-ons may be wasting money – There are many additional coverages that can add up on your car insurance policy. Insurance for things like rental car coverage, accidental death, and term life insurance are probably not needed. They may seem like a good idea when talking to your agent, but if you have no use for them consider taking them off your policy.

More miles equals more premium – The more miles you rack up on your Subaru in a year’s time the higher the price you pay to insure it. Most insurance companies calculate prices based upon how the vehicle is primarily used. Cars and trucks not used for work or commuting receive better premium rates than vehicles that are driven to work every day. Incorrect rating for your Outback can result in significantly higher rates. Ask your agent if your declarations sheet states the correct usage.

Cars with good safety ratings means cheaper premiums – Cars with five star safety ratings can get you lower premiums. These vehicles reduce occupant injuries and lower rates of occupant injuries translates into savings for insurance companies which can mean better rates for you.

Are women or men drivers cheaper? – Over time, data shows that females take fewer risks when driving. This data doesn’t prove that females are better at driving than males. Both sexes are in at-fault accidents in similar numbers, but guys tend to have higher claims. Men also tend to get higher numbers of serious violations like DUI and reckless driving. Youthful male drivers have the highest risk to insure and thus pay the highest rates.

The chart below compares Subaru Outback annual premium costs for male and female drivers. The premiums assume a clean driving record, no claims, full coverage, $500 deductibles, single status, and no additional discounts are factored in.

Safeguard your assets with liability – The liability coverage on your policy will afford coverage if ever you are determined to be liable for an accident. Liability provides legal defense coverage starting from day one. This coverage is very inexpensive when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.

Certain occupations raise rates – Careers like judges, business owners, and accountants are shown to have higher average rates attributed to intense work-related stress and extremely grueling work hours. On the other hand, jobs like actors, engineers and the unemployed pay lower than average rates.

Insurance loss data for a Subaru Outback – Auto insurance companies take into consideration historical loss data for every vehicle to determine a rate that will be profitable for them. Models that statistically have increased losses will have higher rates.

The information below illustrates the insurance loss data used by companies for Subaru Outback vehicles. For each policy coverage type, the claim amount for all vehicles as a whole equals 100. Numbers below 100 suggest a positive loss record, while values that are above 100 point to more claims or a tendency for claims to be larger.

Subaru Outback Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Subaru Outback 4WD 58 68 106 63 64 68
Subaru Outback with Eyesight 4WD 57 46 106 61 58 40

Statistics from for 2013-2015 Model Years

Are insurance agents of importance?

Certain consumers would prefer to sit down with an agent and that can be a great decision Experienced insurance agents are very good at helping people manage risk and help in the event of a claim. An additional benefit of getting online price quotes is you may find cheap insurance quotes and still buy from a local agent.

Insurance agency in MemphisBy using this form (opens in new window), your insurance data is transmitted to agents in your area who will return price quotes for your business. It’s much easier because you don’t need to contact any agents since price quotes are sent immediately to you. If for some reason you want to quote rates for a specific company, you would need to navigate to their website and submit a quote form there.

Finding the right insurer needs to be determined by more than just a cheap price. Below are some questions you should ask.

Below are Memphis insurers that may be willing to give price quotes for Subaru Outback insurance in Memphis.

3558 Hickory Hill RdMemphis, TN 38115(901) 373-8052View Map

4515 Poplar Ave #416Memphis, TN 38117(901) 680-7400View Map

4466 Elvis Presley Blvd #247Memphis, TN 38116(901) 398-7200View Map

5812 Winchester RdMemphis, TN 38115(901) 794-3771View Map

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Upon getting good feedback and a good coverage price, you may have found an insurer that meets your needs to insure your vehicles. Just keep in mind once you purchase a policy you can cancel your coverage for any reason so don’t assume that you are permanently stuck with a policy with no way to switch.

Your situation helps dictate your coverage

When quoting and comparing your policy for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique and your policy should reflect that.Higher deductibles save money
For example, these questions may help highlight whether your personal situation would benefit from an agent’s advice.

If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

What is YOUR best insurance company?

When buying insurance coverage, it’s a bad idea to buy less coverage just to save a little money. In many cases, drivers have reduced physical damage coverage only to regret at claim time that they should have had better coverage. The proper strategy is to buy enough coverage at the best possible price, but don’t skip important coverages to save money.

Throughout this article, we presented many ways to shop for Subaru Outback insurance online. The key concept to understand is the more you quote Memphis car insurance, the better likelihood of getting affordable Memphis car insurance quotes. You may even discover the best price on auto insurance is with a smaller regional carrier. They often have lower prices on specific markets compared to the large companies like Allstate and Progressive.

Even more information can be read at these sites: