Who Has the Cheapest Insurance for a Subaru Forester in New Jersey?

When the topic is auto insurance, the words “affordable” or “cheap” should never be used anywhere in the article as a descriptor for auto insurance rates. Notwithstanding, cheap car insurance for a Subaru Forester is not easy to find. But don’t despair, because we will tell you how you can find and buy car insurance that is easy on your budget.

Your odds of finding cheaper insurance for a Subaru Forester in New Jersey hinges on many factors such as your gender, the insurance company you are currently insured with, and any prior driving offenses you have. Drivers pay around $1,290 per year for Forester insurance, but that price is an approximation calculated based on a 30-year-old married female driver that wants full coverage including both comprehensive and collision and $500 deductibles.

When making auto insurance estimates, the issue arises that you’re not a 30-year-old female, possibly single instead of married, or maybe you rent instead of own your home. Making minor changes in the factors used to determine rates can cause big differences in the cost of insurance.

Auto insurance is unique to every driver, so the best method for finding cheap insurance rates for your Subaru is to make a habit of regularly comparing rates from other companies.

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The trim level of your Subaru will likely have an effect on the annual cost of coverage, so the price you will pay to insure a Forester X AWD will be $126 less than the cost to insure the more costly Forester XT Limited Edition W/Navigation AWD model, as shown below.

Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Estimates do not factor in New Jersey location which can impact coverage prices greatly.

Establishing which company quotes the cheapest car insurance rates for a Subaru Forester takes a bit more effort in order to find coverage that fits your buget.

Each auto insurer has a different formula for determining rates, so let’s take a look at the most affordable car insurance companies in New Jersey.

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21st Century normally has some of the lowest car insurance rates in New Jersey at around $1,100 annually. Travelers, New Jersey Manufacturers, Penn National, and Palisades are also some of the cheapest New Jersey auto insurance companies.

As shown above, if you are a customer of New Jersey Manufacturers and switched to 21st Century, you might achieve yearly savings of in the neighborhood of $197. Drivers with Penn National could save as much as $238 a year, and Palisades customers might reduce rates by $241 a year.

To find out how much you can save, click here to start a quote or click through to the companies below.

Bear in mind that those rates are averaged across all drivers and vehicles and are not factoring in a specific rate factor for a Subaru Forester. So the car insurance company that can offer the best rates for your situation may not even be featured in the list of companies above. That points out the importance of why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

Full coverage versus liability-only in New Jersey

Finding the cheapest insurance for a Subaru Forester in New Jersey is the goal of the majority of drivers, and one of the best ways to buy cheap insurance is to buy liability only. The example below illustrates the difference between auto insurance rates with full phyical damage coverage and with liability coverage only. The prices are based on no tickets, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are factored in.

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On average, physical damage coverage costs $3,122 per year more than carrying just liability coverage. That is a large expense which might make you wonder if paying for full coverage is worth it. There is no definitive formula for eliminating comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s settlement value is $7,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,500 after paying your policy deductible. If premium cost is more than $650 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

The information below illustrates how your choice of deductibles can impact insurance rates when quoting cheap insurance for a Subaru Forester. The premiums are based on a married female driver, full physical damage coverage, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3793,3431,3017,2621],[‘Age 30’, 2683,2421,2117,1825],[‘Age 40’, 2635,2379,2087,1809],[‘Age 50’, 2303,2085,1833,1591],[‘Age 60’, 2201,1991,1749,1515],[‘Age 70’, 2343,2117,1867,1629]]);var options = {title: ‘Effect of Higher Deductibles on Subaru Forester Insurance Rates in New Jersey’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Subaru Forester’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

In the chart above, a 30-year-old driver could cut expenses by $548 a year by changing from a $100 deductible up to a $500 deductible, or save $826 by using a $1,000 deductible. Even younger insureds, like the Age 20 category, could roll back prices up to $1,172 annually by using a higher deductible.

If you make the decision to raise deductibles, it will be necessary to have plenty of discretionary funds to allow you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Find the cheapest insurance for a Subaru Forester in New Jersey

Below you’ll find some of the better penny-pinching ideas that can help you buy more affordable auto insurance.

• Avoid at-fault accidents and claims
• Do not insure for full coverage
• Buy a safer vehicle
• Good credit can help you save money
• Insure your home and auto with the same company
• Ensure you have the best deal by shopping around regularly

That last tip is highly vital, as was affirmed in this write-up. Rates vary considerably, so don’t be afraid to buy from a different company if a lower-cost policy is available.

Many drivers prefer to stick with one company, but it’s not a good idea if your bullheadedness ends up costing you money that could be going to better use. In just a couple of minutes you could shop around to find cheaper insurance for a Subaru Forester.