Cheap Insurance Quotes for a Subaru Forester in Kentucky

When we talk about auto insurance, the words cheap or affordable should not appear anywhere in the article. It’s a simple fact that cheap car insurance for a Subaru Forester is just plain contradictory. But don’t despair, because we are going to tell you how you can get coverage that is easy on your budget.

The chances that you’ll find cheap coverage for a Subaru Forester in Kentucky relies on a large number of rating criteria like when you were born, your credit status, and deductible levels for physical damage coverage. Drivers in Kentucky pay around $1,100 a year for Forester insurance, but that figure is a ballpark figure that uses rate data for a 30-year-old single female who needs full comprehensive and collision coverage and $500 deductibles.

More likely than not, you’re not a 30-year-old female, you might be married instead of single, or maybe you just want liability only instead of full coverage. Each driver’s needs are different, and that demonstrates why your best shot at finding the cheapest rates for your Subaru is to regularly compare rates at renewal. Quotes are always free and you will receive prices from some of the best companies that sell coverage in Kentucky.

Cheapest Subaru Forester Insurance Rates

The specific model of Forester has an effect on the cost of coverage, so the price you will pay to insure a Forester X AWD will be $104 less than the insurance cost for the higher-end Forester XT Limited Edition W/Navigation AWD model, as demonstrated by the prices below.

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate information does not factor in vehicle location which can revise coverage rates substantially.

Determining which companies quote the best insurance rates for a Subaru Forester may require a little more sweat than just comparing a company or two.

Every car insurance company has their own formula for determining prices, so let’s take a look at the insurance companies that tend to have lower prices in Kentucky. It’s important to understand that Kentucky insurance rates are calculated based on many things that can increase the price you pay. Improving your credit score, adding a teenager to your policy, or having an at-fault accident can produce rate changes resulting in some companies being more affordable than the competition.

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Cincinnati Insurance has some of the best car insurance rates in Kentucky at around $1,115 annually. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual would also make the list of some of the lowest-priced Kentucky car insurance companies.

As shown in the table above, if you currently buy coverage from Auto-Owners and switched to Cincinnati Insurance, you could realize a yearly savings of around $256. Policyholders with Grange Mutual may save as much as $446 a year, and Motorists Mutual policyholders might cut rates by $502 a year.

Remember that these premium estimates are averages for all types of drivers and the different vehicles they drive and do not factor in a specific rating modification for a Subaru Forester. So the auto insurance company that is best for you may not even be shown in the list above. That illustrates why you need to compare prices as often as possible using your own driver information and specific vehicle type.

Comparison of full coverage and liability-only policies

Finding cheap insurance for a Subaru Forester in Kentucky is probably important to the majority of drivers, and a good way to find cheaper insurance is to not pay for full coverage. The example below shows the comparison of auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no accidents, no driving violations, $250 deductibles, marital status is single, and no discounts are factored in.

If the expense is averaged for all age categories, physical damage coverage costs $2,118 per year more than just buying liability insurance. Many drivers will wonder if you should buy full coverage at all. There is no definitive rule to stop paying for full coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s assume your vehicle’s book value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $9,000 after the policy deductible has been paid. If premiums are more than $900 annually for your policy with full coverage, then you might consider buying liability only.

There are a few situations where dropping physical damage coverage is not in your best interest. If you haven’t satisfied your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

The diagram below highlights how deductible selection can affect insurance costs when researching cheap insurance for a Subaru Forester. The prices are based on a single male driver, comp and collision included, and no other discounts are factored in.

A 30-year-old driver could save $374 a year by switching from a $100 deductible to a $500 deductible, or save $564 by choosing a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could lower their rates $1,088 every year just by using higher deductibles.

If you do decide to increase your deductibles, it will be necessary to have enough spare savings to offset the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Does Allstate, Geico, Progressive, or State Farm have the cheapest car insurance?

When shopping for insurance for a Forester in Kentucky, probably the best companies to start with are Allstate, Geico, Progressive, and State Farm. If you add them together, they insure over 45% of all car insurance policies written. All offer your standard physical damage and liability coverages, but each one has different features and discounts that you can select from. The table below rates pricing and service ratings, as well as optional policy coverages that are available for customers.