How to Save on Memphis Subaru Impreza Insurance

  1. Home
  2. >
  3. Popular Vehicles
  4. >
  5. Subaru Impreza

If you want to save money, the best way to find low-cost Subaru Impreza insurance in Memphis is to regularly compare price quotes from insurers in Tennessee. You can compare rates by completing these steps.

Step 1: Try to understand how companies price auto insurance and the things you can control to keep rates in check. Many factors that drive up the price such as traffic violations and poor credit rating can be controlled by paying attention to minor details. Read the full article for the details to find cheap rates and get discounts that may be available to you.

Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like Progressive and State Farm, while independent agents can provide price quotes from multiple insurance companies. View rates

Step 3: Compare the new rate quotes to your existing rates to see if a cheaper rate is available in Memphis. If you find a lower rate and buy the policy, verify that coverage does not lapse between policies.

Step 4: Notify your agent or company of your intention to cancel your existing policy. Submit payment and a signed application to your new agent or company. As soon as coverage is bound, place your new certificate verifying coverage in your vehicle's glove compartment or console.

One piece of advice is that you'll want to make sure you compare the same physical damage deductibles and liability limits on each quote and and to get rates from as many companies as possible. This enables a fair price comparison and a better comparison of the market.

Insurance rates Subaru Impreza in MemphisIt's shocking but about 70% of customers renewed their policy with the same company for four years or more, and almost 40% of drivers have never compared auto insurance rates at all. With the average premium in Tennessee being $1,380, drivers can cut their rates by approximately $500 a year just by comparing rates, but they just don't understand the benefits if they changed companies.

Rates and information analytics

The price information shown next highlights estimates of rate quotes for Subaru Impreza models. Having a better understanding of how insurance quotes are figured can be of help when making informed decisions when comparing rate quotes.

Subaru Impreza Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impreza 2.5I 4WD Station Wagon $244 $424 $350 $20 $104 $1,142 $95
Impreza 2.5I 4WD Station Wagon $244 $424 $350 $20 $104 $1,142 $95
Impreza Outback Sport 4WD Station Wagon $244 $516 $350 $20 $104 $1,234 $103
Impreza 2.5I AWD 4-Dr $274 $516 $350 $20 $104 $1,264 $105
Impreza 2.5I Premium Package AWD 4-Dr $274 $608 $350 $20 $104 $1,356 $113
Impreza WRX 4WD Station Wagon $274 $608 $350 $20 $104 $1,356 $113
Impreza 2.5 GT 4WD Station Wagon $306 $608 $350 $20 $104 $1,388 $116
Impreza WRX AWD 4-Dr $306 $700 $350 $20 $104 $1,480 $123
Impreza 2.5I GT AWD 4-Dr $306 $700 $350 $20 $104 $1,480 $123
Impreza WRX STI 4WD Station Wagon $306 $700 $350 $20 $104 $1,480 $123
Get Your Own Custom Quote Go

Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in specific location information which can increase or decrease rates substantially.

Where to set your deductibles

When comparing car insurance rates, the most common question is where should you set your physical damage deductibles. The rates shown below can help you understand the cost difference when you select higher and lower deductibles. The first set of rates uses a $100 deductible and the second rate chart uses a $1,000 deductible.

Subaru Impreza insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impreza 2.5I 4WD Station Wagon $248 $368 $288 $18 $86 $1,033 $86
Impreza 2.5I 4WD Station Wagon $248 $368 $288 $18 $86 $1,033 $86
Impreza Outback Sport 4WD Station Wagon $248 $448 $288 $18 $86 $1,113 $93
Impreza 2.5I AWD 4-Dr $280 $448 $288 $18 $86 $1,145 $95
Impreza 2.5I Premium Package AWD 4-Dr $280 $528 $288 $18 $86 $1,225 $102
Impreza WRX 4WD Station Wagon $280 $528 $288 $18 $86 $1,225 $102
Impreza 2.5 GT 4WD Station Wagon $312 $528 $288 $18 $86 $1,257 $105
Impreza WRX AWD 4-Dr $312 $608 $288 $18 $86 $1,337 $111
Impreza 2.5I GT AWD 4-Dr $312 $608 $288 $18 $86 $1,337 $111
Impreza WRX STI 4WD Station Wagon $312 $608 $288 $18 $86 $1,337 $111
Get Your Own Custom Quote Go
Subaru Impreza insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impreza 2.5I 4WD Station Wagon $138 $194 $288 $18 $86 $724 $60
Impreza 2.5I 4WD Station Wagon $138 $194 $288 $18 $86 $724 $60
Impreza Outback Sport 4WD Station Wagon $138 $236 $288 $18 $86 $766 $64
Impreza 2.5I AWD 4-Dr $156 $236 $288 $18 $86 $784 $65
Impreza 2.5I Premium Package AWD 4-Dr $156 $278 $288 $18 $86 $826 $69
Impreza WRX 4WD Station Wagon $156 $278 $288 $18 $86 $826 $69
Impreza 2.5 GT 4WD Station Wagon $174 $278 $288 $18 $86 $844 $70
Impreza WRX AWD 4-Dr $174 $320 $288 $18 $86 $886 $74
Impreza 2.5I GT AWD 4-Dr $174 $320 $288 $18 $86 $886 $74
Impreza WRX STI 4WD Station Wagon $174 $320 $288 $18 $86 $886 $74
Get Your Own Custom Quote Go

Table data represents 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, multi-policy, and claim-free. Rate information does not factor in the specific area where the vehicle is garaged which can revise price quotes considerably.

Using the data above, we can ascertain that using a $100 deductible costs about $32 more each month or $384 each year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 28 months between claims, you would most likely save money by going with a higher deductible.

The illustration below shows how choosing a deductible and can change Subaru Impreza insurance premiums for each age group. The data is based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

Informed Decisions Result in Lower Insurance Costs

Many different elements are used in the calculation when you quote your car insurance policy. Most are fairly basic like a motor vehicle report, but other criteria are less apparent such as whether you are married or your commute time.

Shown below are most of the major factors companies use to determine your prices.

  • Car insurance policy lapses increase car insurance rates - Having a gap between insurance policy dates will be a quick way to increase your rates. In addition to paying higher rates, failure to provide proof of insurance could result in fines or a revoked license.
  • Bundle policies and save money - Some insurers afford better rates to buyers that buy multiple policies such as combining an auto and homeowners policy. The amount of the discounts can be anywhere from five to ten percent in most cases. Even if you already get this discount, you still need to compare Subaru Impreza rates in Memphis to ensure the best deal.
  • Having a spouse equates to better premiums - Being married may earn you lower rates on car insurance. Having a spouse translates into being more mature and responsible and it's statistically proven that married drivers tend to have fewer serious accidents.
  • Driving citations can increase costs - Your driving citation history can have a huge impact on auto insurance premiums. Drivers with clean records pay less for auto insurance than their less careful counterparts. Only having one speeding ticket or other violation may increase your cost forty percent or more. Drivers who have received serious violations like DUI, reckless driving or excessive speeding may find they need to file a SR-22 with their state motor vehicle department in order to legally drive a vehicle.

    The example below shows how traffic citations and at-fault claims can affect Subaru Impreza insurance premiums for different ages of insureds. The price estimates are based on a single female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

  • Remove unneeded incidental coverages - There are a ton of extra bells and whistles that sound like a good idea at the time on your car insurance policy. Coverages for personal injury protection, death and dismemberment, and membership fees could be just wasting money. These coverages may sound good at first, but if you don't need them remove them and pocket the money.
  • Raise your coverage deductibles for better rates - Protection for physical damage, aka comp and collision, covers your vehicle from damage. Examples of covered claims are colliding with a building, collision with an animal, and damage from a fallen tree branch. Physical damage deductibles are the amount of money you are willing to pay if a covered claim is submitted. The larger the amount you pay before a claim is paid (deductible), the lower your rates will be.
  • Subaru Impreza insurance loss statistics - Insurers factor in historical loss data to help set a rate to offset losses. Vehicles that statistically have higher number or severity of losses will have increased rates.

    The next table illustrates the compiled insurance loss statistics for Subaru Impreza vehicles. For each policy coverage, the statistical loss for all vehicles as a whole is represented as 100. Numbers below 100 mean the vehicle has better than average losses, while numbers that are greater than 100 show a trend for more claims or tendency to have higher losses.

    Auto Insurance Loss Data for Subaru Impreza Models
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Subaru Impreza 4WD 96 80 110 79 78 81
    BETTER
    AVERAGE
    WORSE

    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Best car insurance company in Tennessee

Ending up with the highest-rated insurer is difficult considering how many companies there are to choose from in Memphis. The information displayed below can help you select which coverage providers to look at when comparing rate quotes.

Memphis, Tennessee Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Erie Insurance 87 84 85 85% A+ 85.3
Farmers Insurance 77 80 80 84% A 80.3
Compare Rates Now Go

Data Source: Insure.com Best Car Insurance Companies

Persistent drivers can save

Low-cost Subaru Impreza insurance in Memphis can be purchased online and also from your neighborhood Memphis agents, so get free Memphis auto insurance quotes from both of them in order to have the best chance of saving money. Some insurance companies don't offer online price quotes and many times these regional insurance providers only sell coverage through independent agencies.

In this article, we covered many ways to shop for Subaru Impreza insurance online. The most important thing to understand is the more providers you compare, the higher your chance of finding the cheapest Subaru Impreza rate quotes. Drivers may even discover the lowest auto insurance rates come from some of the smallest insurance companies. These companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as State Farm, GEICO and Nationwide.

As you go through the steps to switch your coverage, never skimp on critical coverages to save a buck or two. There are many occasions where someone dropped liability coverage limits and found out when filing a claim that it was a big mistake. Your objective should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

Even more information is available by following these links: