Insurance rates Subaru Impreza in Colorado SpringsNobody that owns a car looks forward to buying auto insurance, especially when they could find better prices if they shop around.

Statistics show that almost 70% of drivers in Colorado kept their policy with the same company for over three years, and approximately 40% of consumers have never compared rates from other carriers. American drivers could save $860 every year by just comparing rate quotes, but they just assume it's a time-consuming process to save money by comparing rate quotes. Insurance companies such as Progressive, GEICO and Farmers Insurance constantly bombard you with ad campaigns and it is difficult to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

It's smart to compare prices every six months because prices are constantly changing. Just because you found the best deal on Subaru Impreza insurance in Colorado Springs six months ago you will most likely find a better rate today. You can find a lot of wrong information about Impreza insurance online but by reading this article, you're going to learn some of the best ways to quit paying high auto insurance rates in Colorado Springs.

If you already have coverage or are looking for a new policy, use these money-saving tips to save money while maintaining coverages. Locating the most cost-effective auto insurance policy in Colorado Springs can be made easier if you know where to look. Comparison shoppers just have to know the fastest way to get comparison rates on the web.

Insurance Premium Influencing Factors

It's important that you understand the rating factors that play a part in calculating your premiums. When you understand what positively or negatively impacts your premiums, this helps enable you to make changes that may result in lower car insurance prices. Many factors are part of the calculation when pricing auto insurance. Some are obvious like an MVR report, although others are more transparent like your continuous coverage or your financial responsibility.

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

The easiest way to compare car insurance company rates for Subaru Impreza insurance in Colorado Springs utilizes the fact auto insurance companies have advanced systems to compare rate quotes. The only thing you need to do is give them rating details like your job, the year, make and model of vehicles, whether or not you need a SR-22, and how many miles driven. That rating data is then submitted to all major companies and they return cost estimate very quickly.

To start a rate quote now, click here and complete the quick form.

The providers in the list below can provide comparison quotes in Colorado Springs, CO. If more than one company is shown, we suggest you click on several of them to get the best price comparison.

Subaru Impreza Insurance Cost Estimates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impreza 2.5I 4WD Station Wagon $310 $376 $460 $28 $138 $1,312 $109
Impreza 2.5I 4WD Station Wagon $234 $388 $396 $24 $118 $1,160 $97
Impreza Outback Sport 4WD Station Wagon $264 $448 $358 $22 $108 $1,200 $100
Impreza 2.5I AWD 4-Dr $294 $536 $396 $24 $118 $1,368 $114
Impreza 2.5I Premium Package AWD 4-Dr $306 $538 $352 $20 $106 $1,322 $110
Impreza WRX 4WD Station Wagon $226 $400 $362 $22 $108 $1,118 $93
Impreza 2.5 GT 4WD Station Wagon $238 $426 $396 $24 $118 $1,202 $100
Impreza WRX AWD 4-Dr $328 $702 $456 $28 $136 $1,650 $138
Impreza 2.5I GT AWD 4-Dr $266 $566 $456 $28 $136 $1,452 $121
Impreza WRX STI 4WD Station Wagon $326 $726 $396 $24 $118 $1,590 $133
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Price information does not factor in specific zip code location which can affect rates substantially.

Comparison of policy deductibles

The example below illustrates how choosing a deductible and can impact Subaru Impreza insurance costs for each age group. The premium estimates are based on a single male driver, full physical damage coverage, and no discounts are factored in.

Should you buy full coverage?

The chart below examines Subaru Impreza insurance premiums with liability coverage only compared to full coverage. The rate quotes are based on no accidents or driving violations, $500 deductibles, single female driver, and no discounts are factored in.

When to eliminate full coverage

There is no set rule of when to stop paying for physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the vehicle's replacement cost less your deductible, then it might be time to buy liability only.

For example, let's pretend your Subaru Impreza claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after the policy deductible has been paid. If it's costing you more than $200 annually for full coverage, then you may need to consider dropping full coverage.

There are some conditions where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Can higher deductibles save money?

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The tables below sum up how much more you'll pay when you select higher and lower physical damage deductibles. The first rate estimation uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $500 deductible.

Subaru Impreza insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impreza 2.5I 4WD Station Wagon $272 $376 $352 $20 $106 $1,151 $96
Impreza 2.5I 4WD Station Wagon $272 $376 $352 $20 $106 $1,151 $96
Impreza Outback Sport 4WD Station Wagon $272 $458 $352 $20 $106 $1,233 $103
Impreza 2.5I AWD 4-Dr $306 $458 $352 $20 $106 $1,267 $106
Impreza 2.5I Premium Package AWD 4-Dr $306 $538 $352 $20 $106 $1,347 $112
Impreza WRX 4WD Station Wagon $306 $538 $352 $20 $106 $1,347 $112
Impreza 2.5 GT 4WD Station Wagon $342 $538 $352 $20 $106 $1,383 $115
Impreza WRX AWD 4-Dr $342 $620 $352 $20 $106 $1,465 $122
Impreza 2.5I GT AWD 4-Dr $342 $620 $352 $20 $106 $1,465 $122
Impreza WRX STI 4WD Station Wagon $342 $620 $352 $20 $106 $1,465 $122
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Subaru Impreza insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impreza 2.5I 4WD Station Wagon $220 $304 $352 $20 $106 $1,002 $84
Impreza 2.5I 4WD Station Wagon $220 $304 $352 $20 $106 $1,002 $84
Impreza Outback Sport 4WD Station Wagon $220 $368 $352 $20 $106 $1,066 $89
Impreza 2.5I AWD 4-Dr $250 $368 $352 $20 $106 $1,096 $91
Impreza 2.5I Premium Package AWD 4-Dr $250 $434 $352 $20 $106 $1,162 $97
Impreza WRX 4WD Station Wagon $250 $434 $352 $20 $106 $1,162 $97
Impreza 2.5 GT 4WD Station Wagon $278 $434 $352 $20 $106 $1,190 $99
Impreza WRX AWD 4-Dr $278 $500 $352 $20 $106 $1,256 $105
Impreza 2.5I GT AWD 4-Dr $278 $500 $352 $20 $106 $1,256 $105
Impreza WRX STI 4WD Station Wagon $278 $500 $352 $20 $106 $1,256 $105
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Price estimates do not factor in the specific area where the vehicle is garaged which can alter auto insurance rates substantially.

Using the data above, we can ascertain that using a $250 deductible will cost you roughly $15 more each month or $180 each year than quoting the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you have at least 17 months between claims, you would come out ahead if you elect the higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $250 deductibles: $111
Average monthly premium for $500 deductibles (subtract): - $96
Monthly savings from raising deductible: $15
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One important issue to know is that higher deductibles means you will have to pay more when you file a claim. You need enough money put aside in the event you need to pay more for the deductible.

Do drivers who switch really save?

Colorado drivers get pounded daily by advertisements that promise big savings for switching by GEICO, State Farm and Progressive. All the ads make an identical promise about saving some big amount if you change your insurance policy to them.

That's great but how can every company claim to save you money? It's all in the numbers.

Insurance companies quote the lowest rates for the driver that will most likely be profitable. An example of a preferred risk may be between the ages of 30 and 50, has had continuous coverage, and the vehicle is rated for pleasure use. Anybody that fits those parameters will probably get cheap rates and as a result will probably save money with a new company.

Drivers who don't meet the "perfect" profile will probably have to pay higher prices and business not being written. If you pay attention, the ads say "customers that switch" but not "all drivers who get quotes" save that much. That is how companies can truthfully make claims that they all have the best premium rates. This really emphasizes why you really should get Colorado Springs auto insurance quotes from several different companies. You cannot predict which company will have the best Subaru Impreza insurance in Colorado Springs.

Insurance in Colorado serves several purposes

Despite the high cost of buying insurance for a Subaru Impreza in Colorado Springs, insurance may not be optional for several reasons.

First, just about all states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if you have a loan on your Subaru Impreza, more than likely the lender will have a requirement that you have physical damage coverage to guarantee loan repayment. If coverage lapses or is cancelled, the bank will be required to insure your Subaru for a lot more money and require you to fork over the higher price.

Third, insurance safeguards both your car and your assets. It also can pay for many types of medical costs for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance will also pay to defend you if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.

The benefits of having insurance are definitely more than the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver overpays as much as $865 each year so it's important to compare rates at every policy renewal to ensure rates are inline.

You may qualify for discounts for Subaru Impreza insurance in Colorado Springs

Companies offering auto insurance don't list every possible discount in an easy-to-find place, so we took the time to find both well-publicized as well as the least known credits available to lower your premiums when you buy Colorado Springs auto insurance online.Cheaper car insurance with discounts

A little note about advertised discounts, many deductions do not apply to the entire cost. Most only apply to individual premiums such as collision or personal injury protection. So even though you would think all the discounts add up to a free policy, nobody gets a free ride.

A few popular companies and a selection of discounts are:

If you are trying to find inexpensive Colorado Springs auto insurance quotes, ask every prospective company which discounts you may be entitled to. Some discounts listed above might not be offered on policies in your area. If you would like to choose from a list of companies that can offer you the previously mentioned discounts in Colorado Springs, click here.

Are car insurance agents of importance?

Some consumers still prefer to sit down and talk to an agent and that can be a smart move Agents can help you choose the best coverages and give you someone to call. One of the best bonuses of comparing insurance prices online is that drivers can save money and get cheaper prices but also keep your business local.

Insurance agency in Colorado SpringsFor easy comparison, once you complete this simple form, your coverage information is instantly submitted to insurance agents in Colorado Springs who will give you quotes for your insurance coverage. There is no need to search for an agent since price quotes are sent to you. In the event you want to quote rates from a specific company, just visit that company's website and give them your coverage information.

Finding the right insurer needs to be determined by more than just the premium amount. The answers to these questions are important, too.

If you would like to find local Colorado Springs agents, you should know the different agency structures and how they are distinctly different. Agencies in Colorado Springs are considered either independent agents or exclusive agents. Both types can sell insurance policies, but it's important to know the subtle differences since it can impact which type of agent you select.

Exclusive Agencies

Exclusive agents can only provide pricing for a single company like Farmers Insurance, American Family, State Farm and Allstate. These agents are not able to compare other company's rates so they have to upsell other benefits. Exclusive agents are very knowledgeable on what they offer which aids in selling service over price.

The following is a list of exclusive agencies in Colorado Springs that can give you rate quotes.

76 S Sierra Madre St b - Colorado Springs, CO 80903 - (719) 471-9271 - View Map

1957 W Uintah St - Colorado Springs, CO 80904 - (719) 477-1636 - View Map

12229 Voyager Pkwy Ste 100 - Colorado Springs, CO 80921 - (719) 599-3600 - View Map

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Independent Agencies or Brokers

Agents of this type often have affiliation with several companies so as a result can place your coverage with multiple insurance companies enabling the ability to shop coverage around. To transfer your coverage to a different company, they simply move your policy to a different company and the insured can keep the same agent.

When searching for an agent, we recommend you include price quotes from several independent agencies to ensure the widest selection of prices.

Listed below are Colorado Springs independent agencies that can give you price quotes.

125 N Parkside Dr #201f - Colorado Springs, CO 80909 - (719) 635-9557 - View Map

6455 N Union Blvd #104 - Colorado Springs, CO 80918 - (303) 974-7676 - View Map

3485 Academy Blvd N Ste 101 - Colorado Springs, CO 80917 - (719) 599-9494 - View Map

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Persistence pays off

You just read many ways to find cheaper Subaru Impreza insurance in Colorado Springs. The key thing to remember is the more companies you get premium rates for, the better chance you'll have of finding low cost Colorado Springs auto insurance quotes. Drivers may even discover the lowest priced car insurance comes from the smaller companies. They often have lower premium rates on specific markets than their larger competitors like GEICO and State Farm.

Budget-conscious Subaru Impreza insurance is definitely available online in addition to local insurance agencies, and you need to price shop both to have the best chance of lowering rates. A few companies don't offer the ability to get quotes online and usually these smaller companies only sell coverage through independent agents.

As you shop your coverage around, it's very important that you do not buy lower coverage limits just to save a few bucks. In many cases, an accident victim reduced liability limits or collision coverage and found out when filing a claim they didn't purchase enough coverage. Your goal is to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

Additional car insurance information can be found on the following sites: