Insurance Costs For A Brz: Are They Affordable?

The Subaru BRZ is a two-door sports car with high performance, acceptable to good safety ratings, and a 5 out of 5 NHTSA safety rating. The cost of insurance for this car depends on a variety of factors, including the driver's age, gender, location, driving record, and insurance company. The cost of insurance for this car can vary from $423 per year to $7,150 per year. The age of the car also plays a role in the insurance rates, with older models costing less to insure.

The Subaru BRZ is a high-performance vehicle, which insurers may charge more for

The Subaru BRZ is a high-performance vehicle with 228 horsepower and a 0 to 60 time of 5.5 seconds. Its powerful engine capabilities mean insurers may charge more due to the perceived risk of high-performance cars. The BRZ is a two-door coupe that's designed for performance, and its ability to reach high speeds could make it more expensive to insure.

Insurers typically raise rates for younger drivers because they lack driving experience and pose a greater risk on the roads. The age of the driver is a significant factor in the cost of insurance for a Subaru BRZ. An 18-year-old driver can expect to pay, on average, $3,983 for a six-month policy, which is 2.4 times more than the rate for a 30-year-old. The Zebra reports an average annual policy difference of $1,174 between Los Angeles, California, and Columbus, Ohio, highlighting the impact of location on insurance rates.

The year of production also affects insurance rates, with older models often costing less to insure. For example, insuring a 2013 Subaru BRZ for six months costs 29% less than a 2020 model. The specific trim level chosen can also impact insurance costs, as higher trim levels with premium upgrades result in a higher MSRP, leading to higher insurance costs compared to the base model.

While the Subaru BRZ has excellent safety features and crash test ratings, which can lead to eligibility for auto insurance discounts, it has lower reliability ratings than most cars. This lack of reliability, coupled with its performance-oriented design, can result in higher insurance premiums. Additionally, repair costs for the BRZ are higher than average, which is another factor that could increase insurance costs.

The average insurance cost for a Subaru BRZ is around $1,632 for full coverage annually. However, rates can vary depending on factors such as age, driving history, location, and the chosen insurer. It is recommended to shop around and compare quotes from multiple insurance companies to find the best rate for insuring a Subaru BRZ.

The age of the driver will influence insurance costs, with younger drivers paying more

The age of the driver is a significant factor in determining insurance costs for a Subaru BRZ. Younger drivers, especially teenagers, are likely to be charged higher insurance rates due to their lack of driving experience, which insurance companies perceive as a greater risk.

For example, an 18-year-old driver seeking insurance for a Subaru BRZ can expect to pay an average of $3,983 for a six-month policy, which is 2.4 times more than the average rate for a 30-year-old. USAA offers the cheapest rates for 18-year-old drivers, with an average six-month policy of $1,580, while GEICO is the second most affordable option at $2,666 for six months.

The age of the car is also a factor in insurance rates, with older models generally costing less to insure than newer ones. For instance, a 2013 model could be insured for around $1,449 annually, while a 2022 model might cost $1,794 for the year. However, the difference in insurance rates between Subaru BRZ models after 2013 is relatively small.

In addition to the driver's age and the car's model year, insurance rates for a Subaru BRZ are influenced by other factors, such as the driver's record, location, and coverage level. The BRZ's performance capabilities and body type can also lead to higher premiums due to the increased risk associated with high-performance vehicles.

To find the best insurance rates for a Subaru BRZ, it is recommended to compare quotes from multiple insurance companies, as rates can vary significantly between providers. Additionally, choosing a BRZ with good safety features and shopping around for the right trim level can help keep insurance costs within your budget.

The year of the model will impact insurance rates, with newer cars costing more

The Subaru BRZ is a high-performance vehicle with 228 horsepower and a 0-60 time of 5.5 seconds. The insurance costs for this car vary depending on the driver's age, model year, and coverage level chosen. The year of the model will impact insurance rates, with newer cars typically being more expensive to insure than older vehicles. For example, a 2022 model Subaru BRZ may cost $1,794 annually for full coverage, while a 2013 model could be around $1,449. The age of the car can also affect insurance rates due to factors such as depreciation, repair costs, and the presence of advanced technology.

Newer cars generally have higher values, which insurers consider when determining premiums. The rapid depreciation of a new car can also create a "gap" between what is owed and the vehicle's actual cash value, leading to higher insurance costs. Additionally, modern components are often more complex and expensive to repair or replace, impacting insurance premiums. For example, advanced sensors, cameras, and touchscreens in newer cars can contribute to higher insurance rates.

The presence of advanced technology and safety features in newer cars can be a double-edged sword when it comes to insurance rates. While these features can enhance driving experiences and improve safety, they also tend to be more expensive to repair or replace. Insurers take these higher replacement costs into account when calculating premiums for newer cars. On the other hand, safety features like stability control, airbags, and anti-lock brakes can sometimes qualify your vehicle for insurance discounts, helping to offset the higher costs associated with newer models.

It's worth noting that insurance rates for newer cars can also be influenced by the increased risk of theft and associated damages. Newer vehicles, especially luxury brands, may attract more attention from thieves due to their desirability and higher resale value. This heightened risk of theft can contribute to the overall increase in insurance rates for newer models.

When considering the insurance costs for a Subaru BRZ, it's important to compare quotes from multiple insurance companies as rates can vary significantly. The average cost of insurance for a 2020 Subaru BRZ is around $1,642 for a six-month policy, but this can range from $1,065 with State Farm to $3,393 with Allstate for the same period. The driver's age also plays a significant role, with younger drivers typically facing higher insurance rates due to their lack of driving experience.

The driver's record will affect insurance rates, with those having a clean record paying less

The cost of insuring a Subaru BRZ varies depending on several factors, including the driver's age, the model year of the car, and the driver's record. A clean driving record will generally result in lower insurance rates, as insurance companies perceive drivers with no history of violations or accidents as less risky.

Insurance companies use a driver's record to assess their risk profile and determine the type of risk they pose when filing a claim. A driver with a clean record is typically categorized as "preferred" and enjoys lower premiums. Each traffic violation or accident on a driver's record can lead to premium adjustments, with more severe incidents resulting in higher insurance rates. For example, a conviction for driving under the influence (DUI) can increase insurance rates by up to 50%. Minor violations, such as speeding tickets or running a red light, can also accumulate and lead to higher insurance premiums over time.

The age of the driver is another critical factor in determining insurance rates for a Subaru BRZ. Younger drivers, especially those under 25, are considered higher-risk due to their lack of driving experience. As a result, insurance companies typically charge higher rates for this demographic. For example, an 18-year-old driver insuring a Subaru BRZ may pay up to 2.4 times more than a 30-year-old driver for a six-month policy.

The model year of the Subaru BRZ can also impact insurance rates. Older models tend to be cheaper to insure than newer ones, as the value of the vehicle depreciates over time. For instance, the insurance cost for a 2013 Subaru BRZ is approximately 29% lower than that of a 2020 model.

It is worth noting that insurance rates for the Subaru BRZ are relatively lower compared to other two-door sports cars in its class. The BRZ benefits from safety features like stability control, airbags, and antilock brakes, contributing to its 5-star NHTSA safety rating. These safety features can also help qualify the vehicle for insurance discounts.

The location of the driver will also influence insurance costs

In addition, the number of claims made in your zip code can impact your insurance premium. If a lot of auto insurance claims are filed in your zip code, insurers may designate your neighbourhood as high risk and quote higher premiums to offset their potential costs. This can also work in the opposite way, with some states having cheaper insurance due to fewer cars on the road. For example, Wisconsin is one of the cheapest states for car insurance.

State regulations also play a crucial role in determining car insurance premiums. Each state in the U.S. has its own laws and regulations related to car insurance, which dictate the minimum amount of insurance coverage that drivers must carry. The higher a state's liability car insurance requirements, the higher the premiums will be. For example, Michigan is one of the most expensive states for car insurance due to its high minimum car insurance requirements.

Furthermore, local conditions can influence insurance costs. For instance, if you live in an area with harsh weather conditions such as heavy rain or snow, there is a higher chance of an accident, which will increase insurance premiums. Similarly, if you live in an area prone to flooding, the potential payout for insurance companies can be high, leading to increased premiums.

Frequently asked questions