Best Ways to Save on Baltimore Subaru Outback Insurance

Anyone knows that car insurance companies don’t want policyholders to compare prices from other companies. Drivers who perform rate comparisons are inclined to switch auto insurance companies because the odds are good of finding a policy with more affordable rates. A recent survey discovered that people who made a habit of comparing rates saved $3,400 over four years as compared to drivers who never shopped around for better prices.

If saving money on auto insurance in Baltimore is why you’re reading this, then learning about how to quote prices and compare car insurance can help you succeed in saving money.

Insurance quote for Subaru Outback in BaltimoreThe best way we recommend to quote cheaper Subaru Outback insurance is to start doing an annual price comparison from providers who sell auto insurance in Baltimore.

A crucial key to this process is to use identical coverages on every quote request and and to compare as many auto insurance providers as possible. This helps ensure a fair price comparison and the best price quote selection.

Finding a better price on auto insurance can be relatively painless. All you need to do is take a few minutes to get quotes from some recommended companies.

The providers in the list below provide price comparisons in Baltimore, MD. To buy cheap car insurance in Baltimore, we suggest you visit two to three different companies to get the best price comparison.

Subaru Outback insurance rate analysis

The rate information shown below highlights a range of policy rates for Subaru Outback models. Having insight into how insurance quotes are established is important for drivers to make informed decisions when comparing rate quotes.

Subaru Outback Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $188 $268 $458 $28 $138 $1,080 $90
Outback 2.5I Premium $188 $326 $458 $28 $138 $1,138 $95
Outback 2.5I Limited $188 $326 $458 $28 $138 $1,138 $95
Outback 3.6R $188 $326 $458 $28 $138 $1,138 $95
Outback 3.6R Premium $188 $326 $458 $28 $138 $1,138 $95
Outback 3.6R Limited $210 $384 $458 $28 $138 $1,218 $102
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Table data does not factor in specific Baltimore garaging location which can decrease or increase coverage rates noticeably.

Choosing deductibles

A question often asked by Baltimore drivers is what deductibles to buy. The data tables below illustrate the rate fluctuation between low and high policy deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Subaru Outback insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $394 $518 $406 $24 $122 $1,489 $124
Outback 2.5I Premium $394 $632 $406 $24 $122 $1,603 $134
Outback 2.5I Limited $394 $632 $406 $24 $122 $1,603 $134
Outback 3.6R $394 $632 $406 $24 $122 $1,603 $134
Outback 3.6R Premium $394 $632 $406 $24 $122 $1,603 $134
Outback 3.6R Limited $440 $744 $406 $24 $122 $1,761 $147
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Subaru Outback insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Outback 2.5I $288 $350 $406 $24 $122 $1,190 $99
Outback 2.5I Premium $288 $426 $406 $24 $122 $1,266 $106
Outback 2.5I Limited $288 $426 $406 $24 $122 $1,266 $106
Outback 3.6R $288 $426 $406 $24 $122 $1,266 $106
Outback 3.6R Premium $288 $426 $406 $24 $122 $1,266 $106
Outback 3.6R Limited $320 $502 $406 $24 $122 $1,374 $115
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rates do not factor in Baltimore location which can raise or lower insurance rates substantially.

Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $29 more each month or $348 each year than buying the higher $500 deductible. Since you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at least 14 months between claims, you would most likely save money if you choose the higher deductible.

The chart below demonstrates how choosing different deductibles and can raise or lower Subaru Outback insurance rates for different age groups. The data is based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

How much more does full coverage cost?

The chart below compares Subaru Outback insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Maryland. The prices are based on no violations or accidents, $250 deductibles, marital status is single, and no discounts are factored in.

When to drop comp and collision

There is no definitive formula to exclude physical damage insurance, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, then you might consider buying liability only.

For example, let’s pretend your Subaru Outback replacement cost is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after you pay the deductible. If premiums are more than $400 annually for physical damage coverage, then it might be time to buy liability only.

There are some situations where dropping full coverage is not a good idea. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not drop full coverage.

How Your Outback Insurance Prices are Determined

Smart consumers have a good feel for the rating factors that play a part in calculating your premiums. When you know what positively or negatively determines base rates, this empowers consumers to make smart changes that may result in lower premium levels. Multiple criteria are taken into consideration when you quote your car insurance policy. Some of the criteria are obvious such as traffic violations, but other factors are not as apparent such as your marital status or your financial responsibility.

The factors shown below are just a few of the factors used by your company to calculate rates.

Auto insurance lapses raise auto insurance rates – Allowing your auto insurance policy to lapse is a fast way to increase your auto insurance rates. And not only will insurance be more expensive, the inability to provide proof of insurance may earn you a revoked license or a big fine.

Marriage brings a discount – Your spouse may earn you lower rates on your auto insurance policy. Having a spouse demonstrates that you tend to be more financially stable it has been statistically shown that being married results in fewer claims.

Save money by eliminating add-on coverages – There are quite a few extra add-on coverages that can waste your money on your auto insurance policy. Coverages for coverage for rental cars, better glass coverage, and extra life insurance coverage may be costing you every month. They may sound like good ideas when talking to your agent, but your money might be better spent on other coverage so remove them and pocket the money.

Low coverage deductibles cost more – Physical damage protection, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Subaru. Examples of covered claims are colliding with a building, collision with an animal, or theft. Deductibles for physical damage are the amount of money you are willing to pay before a claim is paid by your company. The more damage repair cost you’re willing to pay, the less your auto insurance will be.

Deter car thieves – Driving a car that has a built-in theft deterrent system can save you a little every year. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent car theft and help bring rates down.

Your employer may affect rates – Jobs like judges, executives, and medical professionals are shown to have higher average rates due to intense work-related stress and lots of time spent away from family. On the other hand, occupations such as scientists, students and homemakers generally pay rates lower than average.

Women tend to take less risk – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. It does not mean females are better drivers. They both are responsible for auto accidents at a similar rate, but males have accidents that have higher claims. Men also tend to get cited for more serious violations such as reckless driving.

The example below shows the difference between Subaru Outback car insurance rates for male and female drivers. The price estimates are based on no tickets, no at-fault accidents, full physical damage coverage, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

Loss probability for a Subaru Outback – Companies take into consideration historical loss data for every vehicle as a way to help calculate a profitable premium rate. Models that are shown to have higher claim frequency or loss amount will cost more to insure. The table below illustrates the compiled insurance loss statistics for Subaru Outback vehicles.

For each policy coverage type, the loss probability for all vehicles, regardless of make or model, equals 100. Values that are under 100 represent a good loss history, while percentage numbers above 100 indicate higher probability of having a loss or an increased chance of larger losses than average.

Auto Insurance Loss Data for Subaru Outback Models
Vehicle Make and 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

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

Insurance just makes sense

Despite the high cost, insuring your vehicle may be mandatory for several reasons.

The benefits of buying insurance definitely exceed the price paid, particularly if you ever have a claim. An average driver in America overpays as much as $700 annually so you should quote your policy with other companies every year to ensure rates are competitive.