2004 Subaru Legacy Insurance Rates – 9 Tips to Save

Looking for better car insurance rates for your Subaru Legacy? Trying to come up with a payment for overpriced car insurance can empty your accounts and make it tough to pay other bills.

Online insurance companies like State Farm, Progressive and GEICO constantly blast consumers with TV and radio ads and it is challenging if not impossible to ignore the flashy ads and do the work needed to find the best deal.

You should take the time to compare prices as often as possible since insurance rates go up and down regularly. Just because you had the best deal for Legacy insurance last year a different company probably has better prices today. Forget all the misinformation about car insurance because it’s time to teach you the best way to remove unneeded coverages and save money.

Take advantage of every insurance discount

Car insurance can cost a lot, but companies offer discounts that many people don’t even know exist. Larger premium reductions will be automatically applied when you complete an application, but once in a while a discount must be specifically requested before you get the savings. If they aren’t giving you every credit available, it’s possible you qualify for a lower rate.

  • Good Students Pay Less – Performing well in school may save you up to 25%. Earning this discount can benefit you up to age 25.
  • Multiple Vehicles – Purchasing coverage when you have more than one vehicle with one company qualifies for this discount.
  • Military Discounts – Having a deployed family member could qualify you for better premium rates.
  • Senior Citizen Rates – If you’re over the age of 55, you may be able to get reduced rates for Legacy insurance.
  • Driver Education Discount – Reduce the cost of insurance for teen drivers by having them successfully complete driver’s ed class in high school.
  • Air Bag Discount – Options like air bags could see savings of up to 25% or more.
  • Online Discount – Certain larger companies will provide an incentive for completing your application over the internet.
  • One Accident Forgiven – Not a discount per se, but companies like State Farm and Allstate allow you one accident before they charge you more for coverage if you are claim-free for a specific time period.
  • Safe Driver Discount – Insureds without accidents may save up to 50% more for Legacy insurance than drivers with accidents.

We need to note that most of the big mark downs will not be given to the entire cost. Some only apply to specific coverage prices like liability, collision or medical payments. If you do the math and it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.

Companies and a selection of discounts are outlined below.

  • Progressive discounts include multi-vehicle, online quote discount, online signing, homeowner, good student, and continuous coverage.
  • GEICO policyholders can earn discounts including daytime running lights, emergency military deployment, air bags, membership and employees, and five-year accident-free.
  • State Farm offers premium reductions for passive restraint, Drive Safe & Save, driver’s education, accident-free, good driver, safe vehicle, and defensive driving training.
  • Esurance may have discounts that include homeowner, online quote, good driver, DriveSense, and anti-lock brakes.
  • The Hartford may include discounts for driver training, vehicle fuel type, anti-theft, good student, defensive driver, air bag, and bundle.

It’s a good idea to ask each insurance company to apply every possible discount. Some discounts listed above may not apply to policyholders in your area. For a list of insurers who offer online insurance quotes, click here to view.

How to know if you need help

When it comes to buying the right insurance coverage, there really is not a best way to insure your cars. Everyone’s situation is a little different so this has to be addressed. For instance, these questions may help highlight if you might need an agent’s assistance.

  • Is my 2004 Subaru Legacy covered for smoke damage?
  • Am I covered if I hit a deer?
  • If I drive on a suspended license am I covered?
  • Are my tools covered if they get stolen from my vehicle?
  • What vehicles should carry emergency assistance coverage?
  • Am I insured when driving a different vehicle?
  • Should I carry comprehensive and collision coverage?
  • Do I need higher collision deductibles?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Save $419 a year. For real?

Companies like Progressive, GEICO, Allstate and State Farm endlessly run ads on television and other media. All the companies advertise the message that drivers can save some big amount just by moving your car insurance coverage to their company. How is it possible that every company can offer drivers better rates? This is how they do it.

All the different companies have strict underwriting profiles for a prospective insured that will add to their bottom line. An example of a profitable insured may need to be over age 30, owns their home, and does not commute to work. A driver that matches those criteria will get very good prices and will most likely save when switching.

Insureds who do not match these criteria will have to pay more expensive rates which translates to business not being written. If you pay attention, the ads say “drivers that switch” not “everyone that quotes” will save that much if they switch. That’s the way companies can make it sound like they have such great prices. This emphasizes why it’s extremely important to compare quotes as often as possible. It’s just not possible to know which car insurance company will have the best premium rates for your profile.

Insurance coverage considerations

Understanding the coverages of insurance aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on the average insurance policy.

Liability insurance

This coverage can cover damage or injury you incur to other’s property or people in an accident. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims like medical services, funeral expenses and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family and damage to your Subaru Legacy.

Since many 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 very important.

Comprehensive or Other Than Collision

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, falling objects, vandalism, hitting a deer and hail damage. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical costs insurance

Med pay and PIP coverage pay for immediate expenses for hospital visits, rehabilitation expenses and doctor visits. They can be utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision coverage pays for damage to your Legacy from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things such as colliding with a tree, sideswiping another vehicle, crashing into a building, damaging your car on a curb and rolling your car. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

A penny earned…

We’ve covered many tips how you can lower your 2004 Subaru Legacy insurance rates. The key thing to remember is the more times you quote, the better chance you’ll have of finding low cost insurance. You may even find the lowest rates are with the smaller companies. These companies often have lower car insurance rates on specific markets than their larger competitors like State Farm and Allstate.

While you’re price shopping online, don’t be tempted to skimp on coverage in order to save money. In many cases, consumers will sacrifice liability limits or collision coverage only to find out that it was a big mistake. The goal is to find the BEST coverage at the lowest possible cost, not the least amount of coverage.

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