Insurance Costs For Subaru Wrx: High Or Low?

The Subaru WRX has a reputation for exceptional performance and speed, which can make it a riskier car to insure. The average insurance cost for a 2022 Subaru WRX is $244 per month for a full-coverage policy, but this varies depending on the model and the driver's age, state, insurance company, and mileage. The WRX's turbocharged engine, sport-tuned suspension, and all-wheel drive with performance tires are considered when determining the higher insurance prices. The age of the driver also plays a significant role, with younger drivers paying more for insurance.

The turbocharged engine and reputation for speed make the WRX a riskier car to insure

The Subaru WRX has a reputation for being a powerful performance car, and its turbocharged engine and speed are certainly impressive. The base WRX model boasts a turbocharged 2.4-litre four-cylinder engine, standard all-wheel drive, and performance tires. This setup, combined with its rally-racing and sports car heritage, contributes to a higher insurance cost.

The WRX's engine is a significant factor in its insurance cost. Turbocharged engines capable of producing higher horsepower are generally considered more dangerous, leading to higher insurance rates. The WRX's engine, combined with its all-wheel-drive system, delivers exceptional performance and speed, which can make it a riskier proposition for insurers.

The WRX's reputation for speed also plays a role in its insurance cost. The car's acceleration and top speed capabilities can be a concern for insurers, as they may associate these performance metrics with a higher risk of accidents or speeding violations. The WRX has a zero-to-60 mph speed of 5.2 seconds, which is impressive and contributes to its reputation for speed.

In addition to the engine and speed, the WRX's status as a high-performance vehicle also influences its insurance cost. The WRX STI, the high-performance variant, costs 8% more to insure than the standard WRX due to its upgraded engine, sport-tuned suspension, and other design enhancements. The WRX's position as a sought-after sports car can make it more expensive to insure, as insurers may factor in the potential for high-speed driving and the associated risks.

The availability of replacement parts can also impact the WRX's insurance cost. Subarus with custom parts or complex tech upgrades, such as the WRX's driver assistance technology, may lead to higher insurance rates. This is because insurers anticipate increased repair costs for vehicles with specialised components or cutting-edge technology.

While the WRX's performance and features contribute to higher insurance rates, it's important to note that insurance costs can vary based on various factors, including age, driving history, location, and insurance provider. Comparing quotes from different insurers and considering factors like deductible amount and coverage type can help WRX owners find the most suitable insurance plan for their needs and budget.

The WRX's high-performance variant, the WRX STI, costs more to insure due to its upgraded engine and sport-tuned suspension

The Subaru WRX has a reputation for exceptional performance and speed, which can make it a riskier vehicle to insure. The WRX's turbocharged engine, standard all-wheel drive, and performance tires contribute to its higher insurance costs. The average insurance cost for a 2022 Subaru WRX is $244 per month for a full-coverage policy. However, the WRXs high-performance variant, the WRX STI, costs more to insure due to its upgraded engine and sport-tuned suspension.

The WRX STI's full-coverage insurance costs $3,198 per year, which is 8% more expensive than the standard WRX. The upgraded engine in the WRX STI is more powerful and has a higher horsepower capacity, which insurers consider riskier to insure. Additionally, the sport-tuned suspension and other design upgrades contribute to the higher insurance prices for the WRX STI.

The cost of insurance for the WRX STI is also influenced by the availability of replacement parts. The WRX STI is a high-performance vehicle with custom parts and complex tech upgrades, which can drive up the cost of repairs. As a result, insurers may increase their rates to account for the higher repair costs associated with the WRX STI.

It's important to note that insurance rates for the WRX STI can vary depending on other factors, such as the driver's age, driving history, location, and credit score. Young drivers, especially those under 25, often pay much higher insurance rates for the WRX STI due to their lack of driving experience. Additionally, drivers with a history of accidents or traffic violations may also face higher insurance costs for the WRX STI.

In summary, the WRXs high-performance variant, the WRX STI, costs more to insure than the base model due to its upgraded engine, sport-tuned suspension, and other design enhancements. The increased horsepower, custom parts, and higher repair costs associated with the WRX STI contribute to the higher insurance prices offered by insurers.

Young drivers pay more for insurance, with WRX insurance for a 16-year-old being four times more expensive than for a 30-year-old

The cost of insuring a Subaru WRX varies depending on several factors, including the driver's age, model type, year, and location. Young drivers, especially teenagers, tend to pay significantly higher insurance premiums compared to older, more experienced drivers. This disparity is due to the increased risk associated with younger drivers, who generally have less experience on the road and are more likely to be involved in accidents.

For instance, a 16-year-old driver of a Subaru WRX can expect to pay around $3,844 per year for minimum coverage, which is four times as expensive as the same coverage for a 30-year-old driver. The cost of insurance decreases as the driver's age increases; an 18-year-old Subaru WRX driver would pay approximately $2,991 per year, while a 21-year-old driver would pay around $1,419 per year for minimum coverage. By the time a driver reaches 30 to 65 years of age, insurance rates become more affordable due to their accumulated driving experience.

The substantial difference in insurance costs between a 16-year-old and a 30-year-old driver highlights the impact of age on insurance premiums. Younger drivers are considered higher-risk by insurance companies due to their lack of driving experience and tendency to take more risks. As a result, insurance companies charge higher rates to mitigate the potential costs of claims. On the other hand, older drivers in their 30s possess more road maturity and are less likely to be involved in accidents, resulting in lower insurance premiums.

To find the most affordable insurance rates, young drivers should compare quotes from multiple insurance companies. State Farm, for example, offers competitive rates for young drivers, with a minimum-coverage policy for a 16-year-old Subaru WRX owner costing 51% less than the average. Additionally, young drivers can explore other cost-saving measures, such as sharing a car insurance policy with family members or taking advantage of discounts for good grades and defensive driving courses.

In summary, the cost of insuring a Subaru WRX is significantly influenced by the driver's age, with younger drivers paying substantially more than their older counterparts. This disparity in insurance rates is a reflection of the insurance industry's assessment of risk, with less experienced drivers posing a greater potential for claims. By understanding these factors, young drivers can make informed decisions and explore cost-saving options to secure the most suitable insurance coverage for their needs.

The average insurance cost for a Subaru WRX is $243-$244 per month for a full-coverage policy, but this varies by state and insurance company

The Subaru WRX is a powerful car with a turbocharged engine, sport-tuned suspension, and a reputation for speed and performance. These features contribute to its higher insurance costs. The average insurance cost for a Subaru WRX is $243-$244 per month for a full-coverage policy, but this varies by state and insurance company.

The cost of insuring a Subaru WRX depends on various factors, including the age of the driver, their state of residence, driving history, credit score, and chosen insurance provider. For example, a 16-year-old driver of a Subaru WRX can expect to pay around $3,844 per year for minimum coverage, while a 30-year-old driver of the same car would pay approximately four times less. Additionally, the state in which the car is insured can impact the cost, as each state has different minimum coverage requirements.

The specific model of the Subaru WRX also affects insurance rates. The high-performance WRX STI variant is more expensive to insure than the base model Impreza, with an average annual cost of $3,198 for full coverage. The base model Impreza costs around $2,242 per year to insure, which is 24% cheaper than the standard WRX.

Insurance rates for the Subaru WRX also vary depending on the insurance company. State Farm offers the cheapest rates for the 2020, 2021, and 2022 models, with full coverage policies costing $1,448 per year, on average, which is 50% cheaper than the average.

It is worth noting that the cost of insurance for the Subaru WRX is relatively high compared to other Subaru models. For example, the 2015 Subaru Outback costs an average of $43 per month for state minimum coverage, while the 2017 Subaru BRZ costs an average of $158 per month for the same level of coverage. However, compared to other sports cars with similar performance specifications, the Subaru WRX may offer a more affordable insurance option.

The cheapest insurance quotes for the Subaru WRX are offered by State Farm

The Subaru WRX is considered a high-performance sports car, and while its insurance costs are moderate when compared to other car models, it is expensive when compared to other sports cars. The average insurance cost for a 2022 Subaru WRX is $244 per month for a full-coverage policy, but this varies depending on the model. The WRX STI, for example, costs 8% more to insure than the standard WRX due to its upgraded engine and sport-tuned suspension.

For young drivers, State Farm also offers the most affordable insurance. For an 18-year-old Subaru WRX driver, State Farm offers a minimum coverage policy for $127 per month, which is $122 less expensive than the average rate. For a 16-year-old Subaru WRX driver, State Farm offers a minimum coverage policy for $158 per month, which is 51% less than the average.

In addition to State Farm, other insurance providers that are highlighted for their competitive costs and service quality include GEICO and USAA. The cost of insurance can also vary depending on the state, with Idaho being the cheapest state to insure a car and New York being the most expensive.

Frequently asked questions