Buying cheaper coverage for a Subaru Outback in Indiana relies on a pretty complex algorithm that uses a lot of factors such as how far you drive to work, if you have prior claims, and any driving offenses on your record. Drivers will pay around $858 per year for Outback insurance, but that is a valuation based upon a 40-year-old single male driver with full physical damage coverage and $500 deductibles.
This brings up the issue that more than likely you may not be 40 years old (or even male), possibly married instead of single, or maybe you are just looking for cheap liability insurance. Not everyone needs the same coverages, so the best way to find cheap auto insurance rates for your Subaru is to just compare rates yourself.
The specific model of Outback will have an impact the coverage cost, so the price you will pay to insure a Outback 2.5I trim level will be $144 lower than the insurance cost for the more expensive Outback 3.6R Limited model, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outback 2.5I | $196 | $278 | $340 | $20 | $102 | $936 | $78 |
| Outback 2.5I Premium | $196 | $340 | $340 | $20 | $102 | $998 | $83 |
| Outback 2.5I Limited | $196 | $340 | $340 | $20 | $102 | $998 | $83 |
| Outback 3.6R | $196 | $340 | $340 | $20 | $102 | $998 | $83 |
| Outback 3.6R Premium | $196 | $340 | $340 | $20 | $102 | $998 | $83 |
| Outback 3.6R Limited | $218 | $400 | $340 | $20 | $102 | $1,080 | $90 |
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Premium amounts do not factor in your specific Indianapolis location which can decrease or increase prices greatly.
Ending up with the best car insurance company can be a challenge considering how many choices there are in Indianapolis. The ranking information below may help you pick which providers you want to consider shopping prices with.
The rankings below are for companies that insure vehicles nationwide, so smaller companies that only insure vehicles in Indiana will not be included in this list. If you’d like to compare prices from these companies and more, follow this link.
Top 10 Major Auto Insurers in Indianapolis Ranked by A.M. Best Rating
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Discounts on Indianapolis auto insurance rates
Auto insurance companies that offer coverage for a Subaru Outback may also offer discounts that can lower rates by as much as 35% if you qualify for them. Companies and some of their more popular discounts are:
- Progressive offers premium reductions for multi-policy, continuous coverage, good student, multi-vehicle, homeowner, online quote discount, and online signing.
- SAFECO may offer discounts for teen safety rewards, anti-theft, multi-car, drive less, accident prevention training, and safe driver.
- American Family may have discounts that include bundled insurance, multi-vehicle, good driver, accident-free, TimeAway discount, good student, and defensive driver.
- MetLife has discounts for accident-free, claim-free, defensive driver, good driver, good student, multi-policy
- GEICO policyholders can earn discounts including driver training, anti-lock brakes, emergency military deployment, air bags, and defensive driver.
- The Hartford includes discounts for bundle, good student, defensive driver, driver training, air bag, vehicle fuel type, and anti-theft.
The information below compares insurance premiums with and without discounts being applied to the rates. The rate quotes are based on a female driver, no tickets, no at-fault accidents, Indiana state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with multiple policy, anti-theft, marriage, homeowner, passive restraint, and accident-free discounts applied. When discounts are applied, the average savings per year on auto insurance for a Subaru Outback is 27% or $435.
Insurance rate increases from tickets or accidents
The common sense way to enjoy low auto insurance prices in Indianapolis for an Outback is to be a careful driver and avoid traffic citations and accidents. The information below shows how violations and at-fault collisions drive up insurance prices for different age categories. The data is based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.
The data above shows the average cost of an auto insurance policy in Indianapolis per year with no accidents or violations is $2,133. Get written up for two speeding tickets and the average cost swells to $2,839, an increase of $706 each year. Now throw in two accidents along with the two speeding tickets and the 12-month cost of auto insurance for a Subaru Outback increases to an average of $5,206. That’s an increase of $3,073, or $256 per month, just for not driving safely!
Low rates can quickly become overpriced
Indianapolis auto insurance rates are based on many factors which can substantially decrease or increase the price of coverage. Improving your credit rating, getting married, or getting a ticket for running a stop sign can cause premium changes that may make certain companies cheaper than competitors.
And not only may your rating factors change, but insurers modify pricing every year in order to be able to pay unexpected claims. Heavy losses may result in higher priced premiums, while lower claim levels can produce lower-cost Outback insurance rates.
To help illustrate this point, the chart below shows the company with the cheapest car insurance in Indianapolis, IN for a 35-year-old female driver with a clear driving record, no claims, and great credit. Based on her current risk profile, Travelers may offer the best car insurance rates in Indianapolis at $724 per year. This is $516 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and The Hartford are also included in the best Indianapolis, IN auto insurance companies.
The chart below compares rates after we give the driver in the first example a claim or two, bad credit, and a couple of points charged on her driving record. Due to the fact that each insurance company uses their own calculation to set policy rates, analyzing rates could now result in a different list of the cheapest Indianapolis car insurance companies as shown below.
Indiana Farmers Mutual now has the cheapest rate in Indianapolis with Auto-Owners, Nationwide, Cincinnati Insurance, and Motorists Mutual now being in the top five. This shows why it is critical to perform a complete rate comparison to get the lowest auto insurance rates for a Subaru Outback. Insurance rates are determined by many things and can decrease or increase without notice, so the most economical company two years ago may now be quite expensive.
Ideas to find the cheapest car insurance for a Subaru Outback
It’s not impossible to find cheaper rates, and here are some of the recommended penny-pinching solutions that can help Indiana drivers get more affordable coverage.
- Avoid speeding and other traffic citations and pay less
- Staying accident-free helps keep rates low
- Increase your credit score
- Raise deductibles to save money
- Safer vehicles cost less to insure
- Do not insure for full coverage
- Compare prices frequently to find the best deal
That last tip is particularly important, as was affirmed in this piece. Prices charged by companies can be adjusted at any time, so don’t be afraid to buy a policy from a new company if you find a cheaper price.
Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that loyalty ends up costing a lot of money. In just a couple of minutes you could shop around and find cheaper car insurance for a Subaru Outback in Indianapolis.