Paul Sanchez
There are a variety of factors that influence the cost of insurance for a Subaru Impreza. The average yearly insurance cost for a Subaru Impreza is $1,232 across all model years, with State Farm offering the lowest rate at $1,089 per year and Farmers charging the highest at $1,683 per year. The cost of insurance for a Subaru Impreza depends on factors such as the driver's age, location, model year, repair costs, theft rates, and more. For instance, a 40-year-old driver insuring a 2009 Subaru Impreza can expect to pay an average of $1,310 per year, while insuring a 2022 model will cost approximately $1,464 annually. Additionally, insurance rates can vary significantly between providers for the same coverage, and certain states mandate higher coverage levels, resulting in more expensive rates. Furthermore, inflation, supply chain issues, and rising vehicle theft rates have contributed to an overall increase in car insurance rates.
| Characteristics | Values |
|---|---|
| Average insurance cost | $1,388 per year |
| Cheapest insurance provider | State Farm ($1,089 per year) |
| Most expensive insurance provider | Farmers ($1,683 per year) |
| Cheapest insurance provider for minimum coverage | GEICO ($473 per year) |
| Insurance cost factors | Driver's age, model year, location, repair costs, theft rates, credit score, driving record |
| Average insurance cost by state | Idaho ($299 per year), Florida ($1,058 per year) |
| Average insurance cost by driver's age | 16-year-old driver ($5,981 per year), 40-year-old driver ($1,310 per year) |
| Ways to lower insurance costs | Store car in a garage, inquire about discounts, go paperless, shop around and compare prices |
| Inflation | Yes |
What You'll Learn
The year and trim level of the Impreza
The cost of insurance for a Subaru Impreza depends on several factors, including the year and trim level of the car, as well as individual characteristics like the driver's age and driving history.
2024 Subaru Impreza
The 2024 Subaru Impreza has been redesigned and is now offered exclusively as a five-door hatchback. It features a stiffer chassis and a new RS trim with a powerful 2.5L SUBARU BOXER® four-cylinder engine. The base model includes top-notch driver assistance features like the EyeSight® suite and smartphone connectivity. The Premium trim adds the EyeSight suite of driver-assist safety features, two additional speakers for a total of six, and SI-DRIVE capability. The 2024 Impreza also has an upgraded infotainment system with an 8" touchscreen.
2023 Subaru Impreza
The 2023 Subaru Impreza Limited 5-Door trim offers lighting upgrades, unique wheel designs, and advanced safety tech features.
2022 Subaru Impreza
The 2022 Subaru Impreza was offered in two body styles: sedan or five-door hatchback. The Limited trim was only available in the five-door body style and included features such as LED headlights and a power-adjustable driver's seat. The Premium trim added bigger alloys, an extended list of exterior paint colours, chrome interior door handles, and an upgraded audio system.
2021 Subaru Impreza
The 2021 Subaru Impreza was also offered in two body styles: five-door hatchback or sedan. The Impreza Sport features sport cloth upholstery with red stitching, while the Impreza Limited offers leather-trimmed seating and a power driver's seat.
2020 Subaru Impreza
The 2020 Subaru Impreza received a facelift with visual upgrades, a new electrified drivetrain, better safety systems, and more standard features. It was available as a sedan or hatchback. The lower side of the bumper received a broad grille that stretched from side to side, and the side scoops for the fog lamps got lower chromed-satin trims. The 2020 Impreza also came with an upgraded infotainment system with a standard 6.5" touchscreen and an option for an 8" touchscreen.
2019 Subaru Impreza
The 2019 Subaru Impreza Sport featured a 2.0-liter flat-four engine paired with a CVT.
2017 Subaru Impreza
The 2017 Subaru Impreza was available in the WRX trim, which had a higher insurance cost compared to the base model.
Teenage Auto Insurance in Pennsylvania: How Much Does it Cost?
You may want to see also
The driver's age and driving history
On the other hand, older drivers may also experience higher insurance costs, but for different reasons. While senior drivers have extensive driving experience, insurance companies may view them as riskier to insure due to potential age-related health issues that could impact their driving abilities. Additionally, reaction times tend to slow down with age, which could increase the risk of accidents. Therefore, drivers in their 70s and beyond might also see higher insurance premiums for the Impreza.
An individual's driving record is another crucial factor that insurance companies scrutinize when setting rates. A clean driving history with no accidents, traffic violations, or claims indicates responsibility and a lower risk profile. Drivers with a spotless record can usually secure lower insurance premiums. Conversely, a history of speeding tickets, DUIs, or at-fault accidents will drive up insurance costs significantly. Insurance providers consider such incidents as indicators of high-risk behavior and are more likely to charge higher premiums to offset the potential costs of future claims.
The impact of driving history on insurance rates can be substantial. For example, a single speeding ticket can increase insurance costs by several hundred dollars annually. More serious offenses, such as driving under the influence or reckless driving, can result in even higher surcharges or even policy cancellation or non-renewal. Therefore, drivers with a less-than-perfect driving record will likely face higher insurance costs for the Impreza.
It's important to note that insurance companies may weigh these factors differently, and their impact on insurance rates can vary depending on the specific insurer and the driver's location. Additionally, other factors, such as the vehicle's safety features, security measures, and repair costs, can also influence insurance rates for the Impreza. To get an accurate understanding of insurance costs, it is advisable to obtain quotes from multiple insurance providers and explore potential discounts, such as those offered for safe driving, low mileage, or the installation of anti-theft devices.
Chase Auto Loans: Gap Insurance Coverage
You may want to see also
Location and theft rates
The cost of insuring a Subaru Impreza is influenced by several factors, including the driver's age, gender, driving record, location, and the car's model year.
Theft rates are a significant factor in determining insurance costs, and these vary by location. According to the National Insurance Crime Bureau, vehicle theft rates have been steadily rising since 2019, with auto thefts surpassing 1 million in 2023. This has resulted in higher car insurance rates. The Subaru Impreza is perceived as a valuable sports car, making it a target for thieves. As a result, insurance companies may charge higher rates to prepare for the possibility of covering the costs of a stolen Impreza.
Additionally, insurance costs can be influenced by the location-specific insurance requirements of different states. For example, while some states mandate bodily injury and property damage liability, others may require more extensive coverage, such as comprehensive and collision insurance. The cost of insurance in a particular state can also be influenced by factors such as the frequency of natural disasters, which can lead to higher claims and, consequently, higher insurance rates.
The cost of insuring a Subaru Impreza is also impacted by the location-specific insurance requirements of different states. Some states may require additional coverage, such as comprehensive and collision insurance, which can increase the overall cost of insurance.
Furthermore, the cost of insurance can vary depending on the theft rates in a specific location. If you live in an area with high theft rates, storing your Subaru Impreza in a garage may help reduce your insurance costs. Insurance companies consider the likelihood of theft when calculating their rates, and by mitigating this risk, you may be able to obtain more favourable rates.
In summary, the location-specific theft rates, insurance requirements, and natural disaster risks all contribute to the variability in insurance costs for a Subaru Impreza across different locations.
Auto Accident Insurance: How Long Will Rates Rise?
You may want to see also
Repair costs
In recent years, global supply chain disruptions, particularly due to the COVID-19 pandemic, have resulted in shortages and increased prices for auto parts. This, in turn, has driven up repair costs. As a result, insurance companies have had to increase their rates to account for the higher expenses they may incur when covering repair claims.
Theft rates have also been on the rise since 2019, according to the National Insurance Crime Bureau. This has led to an increase in auto claims, as thieves target not only the vehicles themselves but also their parts, such as catalytic converters. The repair and replacement of stolen parts contribute to the overall repair costs that insurance companies consider when setting their rates.
Additionally, factors like the model year and trim level of the Subaru Impreza can impact repair costs. Newer models with advanced technology or limited edition trims may have higher repair costs due to the specialised parts and labour required.
Furthermore, location can play a role in repair costs, as certain areas may have higher labour rates or be more prone to natural disasters or vehicle theft, increasing the likelihood of repair claims being made.
By taking these factors into account, insurance companies can adjust their rates to ensure they can adequately cover the potential expenses associated with repairing a Subaru Impreza.
California's Strict Fines and Penalties for Driving Uninsured
You may want to see also
Insurance provider
As an insurance provider, there are several factors that influence the insurance cost for a Subaru Impreza. The average insurance cost for this car is $1,388 per year, which is considered relatively inexpensive compared to other car models. However, rates can vary significantly based on factors such as the driver's age, location, model year, repair costs, theft rates, and more.
The driver's age plays a crucial role in determining the insurance cost. For example, a 16-year-old driver insuring a 2009 Subaru Impreza can expect to pay an average of $5,981 per year, while a 40-year-old driver insuring the same car would pay around $1,310 per year. The cost of insurance decreases as the driver's age increases, with an 18-year-old driver paying an average of $4,021 per year and a 40-year-old driver paying around $1,232 per year.
Location is another important factor, as insurance rates differ from state to state. Florida has the highest rate at $1,058 per year, while Idaho has the lowest rate at $299 per year. California, Hawaii, and Massachusetts have higher rates due to mandated higher coverage levels, and they don't allow providers to adjust rates based on credit. Additionally, states with a higher risk of natural disasters, such as hurricanes and tropical storms, tend to have higher insurance rates to account for potential damage and claims.
The model year of the Subaru Impreza also impacts the insurance cost. Insuring a newer model will generally be more expensive than an older one. For instance, insuring a 2022 Subaru Impreza will cost approximately $1,464 per year, while a 2009 model will be cheaper at around $1,310 per year.
It's worth noting that different insurance providers will offer varying rates for the same coverage. It is recommended that customers compare quotes from multiple insurers to find the most suitable and cost-effective policy for their Subaru Impreza. Additionally, insurance companies may offer discounts for various factors, such as safe driving records or good student grades, which can further impact the final insurance cost.
Medicare and Auto Insurance: Understanding the Coordination
You may want to see also
Frequently asked questions
There are several factors that could be contributing to a high Impreza insurance cost. These include your age, the model year of your car, your driving history, and where you live.
Younger drivers are considered high-risk and will have to pay more for insurance. For example, a 16-year-old driver can expect to pay an average of $5,981 per year to insure a 2009 Subaru Impreza, while a 40-year-old driver would pay around $1,310 for the same car.
Newer cars are more expensive to insure than older ones. For instance, insuring a 2022 Subaru Impreza will cost a 40-year-old driver approximately $1,464 annually, while a 2009 model will cost around $1,310.
Insurance rates vary by state, with some states mandating higher coverage levels than others. For example, Florida has the highest insurance rate at $1,058 per year, while Idaho has the lowest at $299.
If you have a history of traffic violations or accidents, your insurance rates may be higher. However, some insurance companies offer accident forgiveness, which can help lower your rates if you have a clean driving record.
