Subaru Outback
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Subaru Outback Car Insurance Cost
If you’re wondering about how much it costs to insure a Subaru Outback, it’s typically around $1,418 per year. That’s less than the national average for other popular SUVs by $807. Our study looked at a hypothetical situation where a responsible 40-year-old driver with good driving habits, full coverage, and a brand-new Subaru Outback drives about 13,000 miles annually. Keep in mind, these numbers might change based on where you live, your insurance company, and how much you drive.
Different things can affect insurance costs, like your age, location, and driving history. Whether you’ve had accidents or traffic tickets, and even your credit history, can also make a difference. It’s worth mentioning that the cost of insuring a Subaru Outback can vary between insurance companies, so it’s a good idea to shop around and get new quotes every now and then, especially if you’ve been with the same insurance company for a while.
Average Cost and Cheapest Companies for Insuring a Subaru Outback
| Company | Average Annual Premium |
|---|---|
| State Farm | $977 |
| GEICO | $1,024 |
| Travelers | $1,075 |
| Nationwide | $1,103 |
| Allstate | $1,283 |
| Progressive | $1,371 |
| Farmers | $1,396 |
Is a Subaru Outback Expensive to Insure?
The Subaru Outback, a mid-size SUV, is known for being cost-effective when it comes to insurance. For the 2022 models, it has a Manufacturer’s Suggested Retail Price (MSRP) of $28,120. This makes it more budget-friendly compared to luxury or pricier SUV models.
Insurance companies typically offer lower premiums for covering a Subaru Outback. This is partly due to the vehicle’s moderate horsepower and reasonable market value. In simpler terms, the car is less likely to be involved in significant accidents. And even if it does face a mishap, the repair costs are not likely to break the bank.
Cost of Insurance for Different Subaru Outback Model Years
When it comes to car insurance, how old your Subaru Outback is can have a big impact on how much you’ll be paying. Let’s break down the numbers in a straightforward manner.
Here’s a detailed look at the average annual premiums for insuring a Subaru Outback based on its model year:
| Model Year | Average Annual Premium |
|---|---|
| 2022 | $1,309 |
| 2021 | $1,286 |
| 2020 | $1,247 |
| 2019 | $1,257 |
| 2018 | $1,245 |
| 2017 | $1,194 |
| 2016 | $1,193 |
| 2015 | $1,170 |
| 2014 | $1,125 |
| 2013 | $1,130 |
| 2012 | $1,112 |
| 2011 | $1,077 |
| 2010 | $1,092 |
| 2009 | $1,083 |
As you can see, newer models tend to come with higher insurance costs. The 2022 Subaru Outback, for instance, has an average annual premium of $1,309, while a 2009 model costs around $1,083 per year. The reason behind this difference lies in the fact that newer models haven’t depreciated in value as much.
It’s not just the age of your car that matters; your choice of insurance provider also plays a role in determining your rates. For a 2009 Subaru Outback, State Farm offers the most budget-friendly option, with an average annual premium of $894 for full coverage. If you own a 2022 model, Nationwide emerges as the least expensive choice, charging an annual rate of $1,049 for the same level of coverage.
Additional Car Insurance Options for Your Subaru
The cost estimates we provided earlier are for comprehensive car insurance, which includes basic liability coverage (covering injuries and property damage) along with collision and comprehensive protection. Depending on where you live, your comprehensive insurance may also come with uninsured motorist coverage or personal injury protection (PIP).
Collision coverage takes care of expenses resulting from accidents that you are responsible for. Comprehensive coverage safeguards your car by covering repairs for damages caused by vandalism, theft, and environmental factors.
Uninsured motorist coverage steps in when accidents occur, and the at-fault party doesn’t have insurance. PIP, on the other hand, is mandatory in 12 states that follow a no-fault car insurance system. It covers medical expenses for you and your passengers after an accident.
Besides these essential coverages, there are some optional add-ons that insurance companies commonly offer to provide extra protection for you and your Subaru. Here are a few of these optional coverage types:
New Car Replacement: If your Subaru is deemed a total loss within a specific timeframe, this coverage pays for the cost of a brand-new vehicle.
Guaranteed Asset Protection (Gap Insurance): Also known as gap insurance, this coverage fills the financial gap between your car’s value and the amount you owe in the event of a total loss. Many auto lenders may require this coverage.
Mechanical Breakdown Insurance (MBI): Similar to an extended car warranty, MBI covers essential parts of your vehicle, offering an extra layer of reassurance.
Remember, these additional options can provide extra peace of mind and financial protection for both you and your Subaru.
Who has the Cheapest Car Insurance for a Subaru Outback?
| Insurance Company | Average Monthly Premium |
|---|---|
| Mile Auto | $28 |
| Good2Go | $32 |
| Fiesta | $34 |
| Hugo | $35 |
| Commonwealth Casualty | $37 |
Are you searching for an auto insurance policy for your Subaru Outback? You’re probably wondering which carrier offers the lowest prices. Even though costs will typically be pretty different from policyholder to policyholder, the lowest average rates for liability only insurance are sometimes as little as $28 per month from Mile Auto. The next most affordable company is Good2Go, who offers insurance as cheap as just $32 a month.
Fiesta, Hugo, and Commonwealth Casualty round out the rest of the top 5 list. That being said, just because these five companies offer the cheapest average rates doesn’t necessarily mean they’ll give you the best rates for your Subaru Outback.
Car insurance carriers take a wide array of different factors into consideration when offering you rates. Because every driver is different, there’s only one way to ensure you get the cheapest prices, and that’s by getting personalized quotes and comparing rates from an array of auto insurance companies.
FAQs: Car Insurance for Subaru Outback
Finding the right insurance for your Subaru Outback is crucial. The average cost of insurance for this vehicle is $1,203 per year. If you’re looking for the most budget-friendly option, State Farm is your go-to. They provide full coverage at approximately $977 per year, saving you $226 compared to the overall average. Keep in mind that your actual rate may vary based on factors like your age, the model year of your Outback, and your location.
When it comes to the best insurance for your Subaru Outback, our top recommendation is State Farm. According to MoneyGeek, they scored an impressive 90 out of 100, excelling in both affordability and customer satisfaction. While Farmers received a higher satisfaction score and GEICO only slightly lagged in both areas, State Farm stands out for its unbeatable rates. It’s the optimal choice for comprehensive coverage that won’t break the bank.
About the Author
Alex Huber is a content writer for Atoz Insurances and he is a very experienced and well-rounded freelance content writer who specializes in the insurance and finance niches. His writing is engaging and informative, and he has a strong understanding of the industries he writes about.