A recent insurance study discovered that most consumers have stayed with the same insurance company for a minimum of four years, and nearly the majority have never even shopped around for cheaper coverage. The average driver in Alaska could save as much as 35% each year just by comparing rates, but they just assume it’s a time-consuming process to compare rates online.
Really, the only way to find affordable Subaru Impreza insurance in Anchorage is to start comparing rates regularly from providers who provide car insurance in Alaska. You can compare prices by following these steps.
- Read about car insurance and the measures you can control to prevent expensive coverage. Many policy risk factors that cause high rates such as high-risk driving behaviors and an unacceptable credit history can be controlled by paying attention to minor details.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from a single company like GEICO and State Farm, while independent agencies can provide rate quotes from multiple sources.
- Compare the new rate quotes to your current policy premium to see if cheaper Impreza coverage is available. If you can save some money and change companies, make sure there is no coverage gap between policies.
- Provide proper notification to your current company of your intention to cancel your existing policy. Submit payment and a signed application to your new carrier. Don’t forget to put the proof of insurance certificate along with your vehicle registration.
One piece of advice is that you use the same coverage limits and deductibles on every price quote and and to get quotes from every company you can. Doing this ensures an accurate price comparison and the best rate selection.
If you have coverage now or just want to reduce your rates, you can follow these tips to reduce the price you pay without reducing protection. Our goal in writing this article tell you how car insurance quotes work and some tips to save money. Smart shoppers just need to learn the most efficient way to compare company rates online.
These discounts can lower your car insurance rates
Car insurance is easily one of your largest bills, but there’s a good chance there are discounts that could help you make your next renewal payment. Many of these discounts will be applied automatically when you quote, but some discounts are required to be specially asked for before they will apply.
- Theft Prevention System – Cars optioned with advanced anti-theft systems have a lower chance of being stolen and therefore earn up to a 10% discount.
- Low Mileage – Driving less can qualify you for lower rates on the low mileage vehicles.
- Resident Student – Any of your kids who are enrolled in higher education away from home and do not have access to a covered vehicle can receive lower rates.
- Full Payment Discount – If you pay your entire premium ahead of time instead of paying each month you may reduce your total bill.
- Discount for New Cars – Adding a new car to your policy can save up to 30% because newer vehicles are generally safer.
- Defensive Driver Discounts – Successfully completing a class that teaches safe driver techniques could cut 5% off your bill depending on where you live.
A quick disclaimer, some of the credits will not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So when the math indicates it’s possible to get free car insurance, nobody gets a free ride.
The example below visualizes the comparison of Subaru Impreza insurance prices with and without discounts applied to the rates. The rate quotes are based on a male driver, no violations or claims, Alaska state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, multi-policy, homeowner, safe-driver, and marriage discounts applied.
Popular car insurance companies and a selection of discounts are:
- GEICO policyholders can earn discounts including daytime running lights, anti-lock brakes, driver training, emergency military deployment, multi-policy, anti-theft, and multi-vehicle.
- MetLife may have discounts that include multi-policy, accident-free, good student, claim-free, defensive driver, good driver
- State Farm offers discounts including good student, anti-theft, student away at school, passive restraint, multiple policy, and Steer Clear safe driver discount.
- Progressive offers discounts for homeowner, multi-policy, multi-vehicle, online quote discount, and online signing.
- Mercury Insurance discounts include good student, anti-theft, multi-policy, type of vehicle, location of vehicle, multi-car, and ease of repair.
- 21st Century may offer discounts for theft prevention, teen driver, student driver, automatic seat belts, homeowners, good student, and air bags.
- Allstate includes discounts for teenSMART discount, farm vehicle, good student, passive restraint, and early signing.
If you need lower rates, check with all companies you are considering which discounts they offer. Some credits might not apply in every state. To choose providers who offer free Subaru Impreza insurance quotes in Anchorage, follow this link.
Cutting your auto insurance rates is not a difficult process. You just have to take a couple of minutes comparing rate quotes provided by online insurance companies.
The providers in the list below offer free rate quotes in Alaska. If you wish to find cheap car insurance in Anchorage, it’s a good idea that you click on several of them in order to find the most competitive rates.
Rates and data analysis
The table below covers different policy rates for Subaru Impreza models. Having a better idea how insurance quotes are figured can help you make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impreza 2.5I 4WD Station Wagon | $260 | $428 | $368 | $22 | $110 | $1,188 | $99 |
| Impreza 2.5I 4WD Station Wagon | $260 | $428 | $368 | $22 | $110 | $1,188 | $99 |
| Impreza Outback Sport 4WD Station Wagon | $260 | $520 | $368 | $22 | $110 | $1,280 | $107 |
| Impreza 2.5I AWD 4-Dr | $294 | $520 | $368 | $22 | $110 | $1,314 | $110 |
| Impreza 2.5I Premium Package AWD 4-Dr | $294 | $612 | $368 | $22 | $110 | $1,406 | $117 |
| Impreza WRX 4WD Station Wagon | $294 | $612 | $368 | $22 | $110 | $1,406 | $117 |
| Impreza 2.5 GT 4WD Station Wagon | $326 | $612 | $368 | $22 | $110 | $1,438 | $120 |
| Impreza WRX AWD 4-Dr | $326 | $706 | $368 | $22 | $110 | $1,532 | $128 |
| Impreza 2.5I GT AWD 4-Dr | $326 | $706 | $368 | $22 | $110 | $1,532 | $128 |
| Impreza WRX STI 4WD Station Wagon | $326 | $706 | $368 | $22 | $110 | $1,532 | $128 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium costs do not factor in garaging location in Anchorage which can revise insurance rates significantly.
How high should deductibles be?
One of the hardest decisions when shopping for insurance is the level to set your comp and collision deductibles. The following tables sum up how much more rates are when you select higher and lower insurance deductibles. The first rate table uses a $100 physical damage coverage deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impreza 2.5I 4WD Station Wagon | $234 | $348 | $272 | $16 | $82 | $977 | $81 |
| Impreza 2.5I 4WD Station Wagon | $234 | $348 | $272 | $16 | $82 | $977 | $81 |
| Impreza Outback Sport 4WD Station Wagon | $234 | $422 | $272 | $16 | $82 | $1,051 | $88 |
| Impreza 2.5I AWD 4-Dr | $264 | $422 | $272 | $16 | $82 | $1,081 | $90 |
| Impreza 2.5I Premium Package AWD 4-Dr | $264 | $498 | $272 | $16 | $82 | $1,157 | $96 |
| Impreza WRX 4WD Station Wagon | $264 | $498 | $272 | $16 | $82 | $1,157 | $96 |
| Impreza 2.5 GT 4WD Station Wagon | $294 | $498 | $272 | $16 | $82 | $1,187 | $99 |
| Impreza WRX AWD 4-Dr | $294 | $574 | $272 | $16 | $82 | $1,263 | $105 |
| Impreza 2.5I GT AWD 4-Dr | $294 | $574 | $272 | $16 | $82 | $1,263 | $105 |
| Impreza WRX STI 4WD Station Wagon | $294 | $574 | $272 | $16 | $82 | $1,263 | $105 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impreza 2.5I 4WD Station Wagon | $170 | $234 | $272 | $16 | $82 | $774 | $65 |
| Impreza 2.5I 4WD Station Wagon | $170 | $234 | $272 | $16 | $82 | $774 | $65 |
| Impreza Outback Sport 4WD Station Wagon | $170 | $286 | $272 | $16 | $82 | $826 | $69 |
| Impreza 2.5I AWD 4-Dr | $192 | $286 | $272 | $16 | $82 | $848 | $71 |
| Impreza 2.5I Premium Package AWD 4-Dr | $192 | $336 | $272 | $16 | $82 | $898 | $75 |
| Impreza WRX 4WD Station Wagon | $192 | $336 | $272 | $16 | $82 | $898 | $75 |
| Impreza 2.5 GT 4WD Station Wagon | $214 | $336 | $272 | $16 | $82 | $920 | $77 |
| Impreza WRX AWD 4-Dr | $214 | $388 | $272 | $16 | $82 | $972 | $81 |
| Impreza 2.5I GT AWD 4-Dr | $214 | $388 | $272 | $16 | $82 | $972 | $81 |
| Impreza WRX STI 4WD Station Wagon | $214 | $388 | $272 | $16 | $82 | $972 | $81 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Price estimates do not factor in vehicle location which can affect prices considerably.
Based on the data above, we can derive that using a $100 deductible costs approximately $21 more each month or $252 a year than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to average more than 19 months between claims, you would save more money if you choose a higher deductible.
Calculation for determining deductible levels
| Average monthly premium for $100 deductibles: | $95 |
| Average monthly premium for $500 deductibles (subtract): | – $74 |
| Monthly savings from raising deductible: | $21 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $21 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
One thing to note is that raising deductibles to save money means you pay more out-of-pocket when you do file a claim. You need enough savings in the event you have to pay the deductible.
The information below shows how choosing a deductible and can influence Subaru Impreza insurance costs for each different age group. The rate quotes are based on a single male driver, full coverage, and no other discounts are factored in.
Gender-based insurance rates
The chart below illustrates the difference between Subaru Impreza car insurance rates for male and female drivers. The prices are based on no claims or driving violations, comprehensive and collision coverage, $250 deductibles, drivers are single, and no additional discounts are factored in.
Rate comparison of full coverage and liability-only
The illustration below compares Subaru Impreza insurance costs with liability coverage only compared to full coverage. The premiums assume no accidents or driving violations, $100 deductibles, drivers are not married, and no additional discounts are factored in.
Guidelines for dropping full coverage
There is no specific rule of when to eliminate full coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s say your Subaru Impreza book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after paying your policy deductible. If you are paying more than $800 annually for your policy with full coverage, then it might be time to buy liability only.
There are some scenarios where dropping full coverage is not financially feasible. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not opt for liability only.
Subaru Impreza Insurance Premiums Can Be Cheaper
Lots of factors are considered when premium rates are determined. Some are obvious such as traffic violations, but others are not quite as obvious like your vehicle usage or your commute time.
The following are a partial list of the pieces companies use to determine premiums.
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Mature drivers pay less – More mature drivers have been proven to be more responsible, statistically cause fewer accidents, and are safer drivers. Inexperience drivers are known to be inattentive behind the wheel so auto insurance rates are higher.
The data below is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.
- A car insurance policy lapse is a bad thing – Driving any period of time without insurance can get your license suspended and any future policy may cost more because you let your coverage lapse. And not only will insurance be more expensive, not being able to provide proof of insurance could result in a license revocation or jail time. You may need to file a SR-22 with the Alaska motor vehicle department.
- GPS tracking and theft deterrents lowers premiums – Driving a car with an alarm system can earn a premium discount. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent auto theft.
- Five star NHTSA crash test rating saves money – Vehicles with good safety scores tend to have better insurance rates. These vehicles result in less severe injuries and better occupant protection translates into savings for insurance companies which can mean better rates for you. If your Subaru Impreza has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.
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Insurance loss probability for a Subaru Impreza – Insurers take into consideration historical loss data for every vehicle to determine a price that will be profitable for them. Vehicles that statistically have high amounts or severity of claims will have increased rates.
The next table illustrates the insurance loss data for Subaru Impreza vehicles. For each policy coverage type, the claim probability for all vehicles compiled together is equal to 100. Percentage values below 100 indicate better than average losses, while percentages above 100 point to more losses or tendency to have higher losses.
Auto Insurance Loss Data for Subaru Impreza Models Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Subaru Impreza 4WD 96 80 110 79 78 81 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
It’s not one size fits all
When quoting and comparing coverage online or from an agent, there isn’t really a “best” method to buy coverage. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that may help highlight if you might need an agent’s assistance.
- Do I need to call my car insurance company before buying a new car?
- What is the minimum liability in Alaska?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Are my custom wheels covered?
- Who is covered by my policy?
- Is my teenager covered with friends in the car?
- Does my Subaru Impreza qualify for pleasure use?
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Getting quotes from local Anchorage insurance agencies
A small number of people would prefer to buy from a local agent and doing that can be a smart decision Insurance agents can help you choose the best coverages and will help you if you have claims. The biggest benefit of getting online price quotes is the fact that you can find the lowest rates and still have an agent to talk to.
After completing this form (opens in new window), your coverage information is emailed to companies in Anchorage that can give you free Anchorage auto insurance quotes for your coverage. It simplifies rate comparisons since you won’t have to visit any agencies since price quotes are sent to you directly. If you need to quote rates from a specific company, just jump over to their website and complete a quote there.
Finding the right provider is decision based upon more than just a low price. These questions are important to ask:
- Is the agency covered by Errors and Omissions coverage?
- What companies can they write with?
- What company holds the largest book of business for them?
- Do they feel the quoted coverages are adequate?
- Do they review policy coverages at every renewal?
- Will they give you a referral list?
Two different types of auto insurance agents
If you are searching for a local Anchorage insurance agent, you should know the types of agencies and how they work. Insurance agencies in Anchorage are either independent (non-exclusive) or exclusive. Both can sell auto insurance policies, but it is important to understand how they are different because it can influence your selection of an agent.
Exclusive Insurance Agencies
Agents that choose to be exclusive can only place business with one company like AAA, State Farm, Farmers Insurance, and Allstate. These agents are unable to place coverage with different providers so they really need to provide good service. Exclusive insurance agents are well schooled on sales techniques which helps overcome the inability to quote other rates. Many people use the same exclusive agent primarily because of loyalty to the company instead of buying on price only.
Below is a list of exclusive agencies in Anchorage who may provide you with rate quotes.
- Allstate Insurance: William R. McVitty
550 E Tudor Rd Ste 201 – Anchorage, AK 99503 – (907) 563-9690 – View Map - State Farm Insurance – Justin Goodman
4200 Old Seward Hwy – Anchorage, AK 99503 – (907) 561-7771 – View Map - State Farm: Todd Jackson
1330 Huffman Rd Suite E – Anchorage, AK 99515 – (907) 345-0214 – View Map
Independent Insurance Agents
Agents that elect to be independent often have many company appointments and that is an advantage because they can write policies with multiple insurance companies depending on which coverage is best. If your premiums go up, they simply move the coverage in-house which requires no work on your part. If you are trying to find cheaper rates, you should always check rates from several independent agencies for the best price selection. They also have the ability to place coverage with different regional companies which could offer lower prices.
Below is a short list of independent agencies in Anchorage that are able to give price quote information.
- Kent S Kallander Insurance Agency Inc
1317 W Northern Lights Blvd #9 – Anchorage, AK 99503 – (907) 563-1492 – View Map - Alaska Pacific Insurance Agency dba: APIA Insurance
912 E 15th Ave #100 – Anchorage, AK 99501 – (800) 890-5563 – View Map - Integrity Insurance Agency
1505 W 34th Ave – Anchorage, AK 99503 – (844) 878-0258 – View Map
Once you have acceptable answers to all your questions as well as offering an affordable quote, it’s a good possibility that you have found an auto insurance agent that can be trusted to insure your vehicles.
Protect your Subaru Impreza and other assets
Despite the high cost of buying insurance for a Subaru Impreza in Anchorage, maintaining insurance serves several important purposes.
- Almost all states have mandatory insurance requirements which means you are required to buy a specific level of liability insurance in order to license the vehicle. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Subaru, more than likely the lender will require that you buy insurance to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Subaru for a lot more money and force you to reimburse them for the expensive policy.
- Insurance safeguards both your Subaru Impreza and your assets. It will also pay for medical expenses for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance will also pay attorney fees if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, your policy will pay to restore your vehicle to like-new condition.
The benefits of insuring your Impreza definitely exceed the cost, especially with large liability claims. But the average American driver overpays as much as $820 a year so it’s recommended you shop around at every policy renewal to make sure the price is not too high.
What is YOUR best insurance company?
We’ve covered many ideas to shop for Subaru Impreza insurance online. It’s most important to understand that the more companies you get prices for, the higher the chance of saving money. Consumers may even find the most savings is with a lesser-known regional company. Smaller companies may have significantly lower prices on certain market segments compared to the large companies like State Farm, GEICO and Nationwide.
Some companies do not offer online rate quotes and most of the time these small insurance companies only sell through local independent agents. Cheaper insurance in Anchorage can be purchased both online in addition to many Anchorage insurance agents, and you need to comparison shop both to get a complete price analysis.
More information can be found on the following sites:
- Auto Insurance Basics (Insurance Information Institute)
- Who Has Affordable Car Insurance Rates for Government Employees in Anchorage? (FAQ)
- Who Has Cheap Auto Insurance for a Dodge Grand Caravan in Anchorage? (FAQ)
- Who Has the Cheapest Anchorage Car Insurance Rates for Immigrants? (FAQ)
- Preventing Carjacking and Theft (Insurance Information Institute)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- State Car Insurance Guides (GEICO)