Save Money on Subaru Legacy Insurance in Anchorage

Unthinkable but true, a large majority of drivers kept their coverage with the same car insurance company for at least the last four years, and roughly 40% of drivers have never quoted car insurance rates at all. Anchorage drivers could save almost $370 a year just by shopping around, but they underestimate the amount of savings they would get if they switched to a cheaper policy.

If saving the most money is your goal, then the best way to find the cheapest price for Subaru Legacy insurance in Anchorage is to annually compare prices from providers who can sell car insurance in Alaska. Price quotes can be compared by completing these steps.

Step 1: Get a basic knowledge of car insurance and the steps you can take to keep rates down. Many rating criteria that are responsible for high rates like multiple speeding tickets and a not-so-good credit score can be remedied by paying attention to minor details. This article provides ideas to help keep rates affordable and get bigger discounts.

Step 2: Compare price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO and State Farm, while independent agencies can provide prices from multiple insurance companies.

Step 3: Compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you find a lower rate quote and buy the policy, verify that coverage does not lapse between policies.

Step 4: Provide written notification to your current company to cancel the current policy and submit any necessary down payment along with the completed application to the new insurer. As soon as you receive it, safely store the certificate verifying proof of insurance along with the vehicle’s registration papers.

A tip to remember is to try to use similar deductibles and liability limits on each quote and and to compare as many car insurance companies as possible. This helps ensure a fair price comparison and plenty of rates choose from.

Locating the best coverage in Anchorage is not as difficult as people think. Nearly anyone who has to buy car insurance will more than likely find a lower-cost policy. But Alaska consumers can benefit by having an understanding of how the larger insurance companies determine prices and apply this information to your search.

Low cost Subaru Legacy insurance prices in Anchorage, Alaska

When shopping for Subaru Legacy insurance in Anchorage there are multiple ways of comparing rates from many different Alaska insurance companies. The best way to do a complete rate comparison involves getting comparison quotes online.

Comparing quotes online is fast and free, and it makes it obsolete to drive around to insurance agents’ offices. Doing it all online eliminates this option unless you want the extra assistance of a licensed agent. If you prefer, some companies allow you to get prices online and get advice from an agent in your area. When quoting auto insurance, remember that quoting more provides better odds of finding lower pricing.

The car insurance companies shown below are our best choices to provide free quotes in Alaska. If your goal is to find cheap auto insurance in Anchorage, we recommend you visit several of them to find the lowest car insurance rates.

Subaru Legacy coverage statistics

The information shown below covers different coverage prices for Subaru Legacy models. Understanding how premiums are figured can be of help when making informed decisions when comparing rate quotes.

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate information does not factor in garaging location in Anchorage which can influence price quotes noticeably.

Insurance rates are higher with tickets and accidents

The information below shows how violations and fender-benders can impact Subaru Legacy insurance prices for each age group. The price estimates are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.

Liability only or full coverage

The diagram below shows the comparison of Subaru Legacy insurance premiums when comparing full coverage to state minimum liability only. The data is based on no tickets, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are factored in.

Guidelines for eliminating full coverage

There is no definitive rule of when to phase out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Subaru Legacy book value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after paying the physical damage deductible. If you are paying more than $500 annually to have full coverage, then it’s probably a good time to buy liability coverage only.

There are some scenarios where dropping physical damage coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should maintain full coverage.

Everyone needs different auto insurance coverages

Always remember that when buying coverage for your personal vehicles, there isn’t really a one-size-fits-all type of policy. Your needs are unique to you.

Here are some questions about coverages that might point out if your situation might need professional guidance.

• How do I file an SR-22 for a DUI in Alaska?
• I don’t drive much so do I pay less?
• Does having multiple vehicles earn me a discount?
• Am I covered when pulling a rental trailer?
• Who is covered by my policy?
• Do I need an umbrella policy?
• At what point should I drop full coverage?
• Do I need medical payments coverage since I have good health insurance?
• Can I afford to pay high deductible claims out of pocket?
• Do I get a pro-rated refund if I cancel my policy early?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.

Independent and exclusive insurance agents

A small number of people still prefer to visit with an insurance agent. The best thing about getting online price quotes is that you can find cheap auto insurance rates and also buy local. Putting coverage with local insurance agencies is still important in Anchorage.

To make it easy to find an agent, after completing this simple form, your insurance coverage information is emailed to companies in Anchorage who will give you quotes for your insurance coverage. You don’t have to drive around because quoted prices will be sent straight to your inbox. It’s the lowest rates and a licensed agent to work with. If you need to compare prices from a specific insurance company, just find their quoting web page to submit a rate quote request.

When researching a local Anchorage insurance agent, you should know the types of insurance agents and how they can service your needs differently. Auto insurance agencies are classified as either exclusive or independent (non-exclusive).

Independent Auto Insurance Agencies

Agents in the independent channel can sell policies from many different companies and that is an advantage because they can write policies amongst many companies and find the cheapest rate. If you are not satisfied with one company, the agent simply finds a different carrier and that require little work on your part. If you are comparing rate quotes, you will want to check rates from at a minimum one independent agency for the best price selection.

Below is a small list of independent agents in Anchorage who may be able to give you comparison quotes.

More Anchorage agents

Exclusive Auto Insurance Agents

Exclusive insurance agents can only quote rates from one company such as Farmers Insurance, Allstate, or State Farm. They are unable to give you multiple price quotes so they are skilled at selling on more than just price. Exclusive insurance agents are well schooled on their products and sales techniques which helps overcome the inability to quote other rates.

Shown below are Anchorage exclusive insurance agencies willing to provide rate quotes.

More Anchorage agents

Finding the right car insurance agent should include more criteria than just the quoted price. These questions are important to ask:

• Does the company allow you to choose your own collision repair facility?
• Are they able to provide referrals?
• Are they able to influence company decisions when a claim is filed?
• Do you need full coverage on every vehicle?
• Will the company cover a rental car if your car is getting fixed?
• What discounts might you be missing?

Best auto insurance company in Anchorage

Selecting the top insurance company is difficult considering how many choices there are in Alaska. The company rank data in the next section may help you choose which auto insurance companies to look at purchasing a policy from.