Buying the best cheap car insurance for a Subaru Forester hinges on a lot of rating factors such as how old the Forester is, your claims history, and the level of deductible you choose. Drivers in Michigan will pay around $1,670 a year to insure their Forester, but that is a projection based upon a 50-year-old single male driver with full physical damage coverage and $1,000 deductibles.
The issue with using an average estimated rate is the likelihood you are not 50 and maybe not even a male, possibly married instead of single, or maybe you’re a renter instead of a homeowner. Auto insurance requires individual risk assessment, so the best way to find the most affordable coverage for your Subaru is to compare as many rates as possible. Quotes are free and easy and you can get rates from some of the most affordable companies around.
Vehicle trim level will be a contributing factor to the insurance rate, so the price you pay to insure a Forester X AWD model will be $140 lower than the insurance cost for the more costly Forester XT Limited Edition W/Navigation AWD trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Forester X AWD||$320||$582||$664||$40||$198||$1,804||$150|
|Forester X Premium AWD||$320||$582||$664||$40||$198||$1,804||$150|
|Forester X Premium AWP AWD||$320||$582||$664||$40||$198||$1,804||$150|
|Forester X Limited Edition AWD||$356||$582||$664||$40||$198||$1,840||$153|
|Forester X Limited Edition W/Navigation AWD||$356||$686||$664||$40||$198||$1,944||$162|
|Forester XT AWD||$356||$686||$664||$40||$198||$1,944||$162|
|Forester XT Limited Edition AWD||$356||$686||$664||$40||$198||$1,944||$162|
|Forester XT Limited Edition W/Navigation AWD||$356||$686||$664||$40||$198||$1,944||$162|
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Price information does not factor in specific location information which can impact price quotes significantly.
Ending up with a highly-rated insurance company can be a challenge considering how many companies sell coverage in Michigan. The company information in the next section can help you select which car insurance companies you want to consider when comparing auto insurance rates for a Subaru Forester.
The rankings below are for the largest companies in the United States, so companies without a large exposure are not included in this list. If you’d like to compare prices from the most competitive companies in Michigan, simply click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Price comparison of only insuring for liability
Reducing the cost of insurance is the goal of most vehicle owners, and one great way to lower the cost of insurance for a Subaru Forester is to only buy liability insurance. The example below shows the difference between car insurance rates when comparing full coverage to liability only. The information is based on no accidents or driving violations, $500 deductibles, single status, and no discounts are taken into consideration.
Averaged for all age groups, full coverage on your policy costs $3,676 per year more than just buying liability only. That is a big expense that brings up the question if you should buy full coverage at all. There is no set rule that is best for determining when to drop full coverage, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your vehicle’s settlement value is $4,500 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,500 after you pay the deductible. If it’s costing in excess of $350 annually for your policy with full coverage, then you may want to consider only buying liability coverage.
There are a few situations where removing full coverage is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
Discounts on Detroit car insurance
Insurers that sell policies for a Subaru Forester may provide special discounts that could reduce prices by as much as 40% or more if you meet eligibility requirements. A few of the larger companies and the discounts they provide are detailed below.
- American Family discounts include air bags, TimeAway discount, accident-free, defensive driver, and bundled insurance.
- State Farm policyholders can earn discounts including Drive Safe & Save, defensive driving training, multiple autos, passive restraint, safe vehicle, and student away at school.
- 21st Century may offer discounts for teen driver, defensive driver, good student, early bird, and theft prevention.
- Travelers has discounts for hybrid/electric vehicle, multi-policy, early quote, driver training, home ownership, good student, and save driver.
- GEICO offers discounts for federal employee, anti-lock brakes, daytime running lights, membership and employees, seat belt use, anti-theft, and emergency military deployment.
The illustration below illustrates the comparison of annual premium costs with and without policy discounts. The information is based on a male driver, no accidents or driving violations, Michigan state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with safe-driver, defensive driving course, marriage, vehicle safety, anti-theft, and multiple vehicle discounts applied. In this example, the average savings per year on insurance for a Subaru Forester is 28% or $1,228.
Last year’s bargain might be this year’s rip off
Michigan insurance rates are determined by lots of factors which can significantly increase or decrease the cost of coverage. Improving your credit rating, having a teenage driver, or getting into an accident may cause policy rate changes resulting in some rates now being more affordable than competitors.
Not only may your risk profile change, but insurers file new Michigan auto insurance rates without warning in order to maintain liquidity for claims. An extended period of higher than normal claims can cause more expensive prices, while a better loss history can cause lower-priced Forester insurance rates.
To illustrate this point, the bar chart below demonstrates which company has the cheapest car insurance in Detroit, MI for a 45-year-old male driver with a clear driving record, no claims, and a high credit rating. When comparing rates based on his personal profile, USAA might quote the most affordable car insurance rates in Detroit at $2,212 annually. This is $181 less than the average policy premium paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and Chubb are the remaining cheapest Detroit, MI auto insurance companies.
Now we will give the driver from the first rate comparison a couple of claims, a lower credit score, and a stop sign violation. Since every insurance provider has their own unique process for determining prices, analyzing rates may now show a new list of cheap Detroit auto insurance companies as shown below.
GEICO now has the best price on car insurance in Detroit, MI with Pioneer State Mutual, Safeco, USAA, and Hastings Mutual also being competitive. This illustrates why Michigan drivers need to shop around with many companies when trying to find the most economical car insurance rates for a Subaru Forester.
Car insurance prices are impacted by many factors and can change substantially, so the most economical option the last time you shopped your coverage around may now cost much more than other companies.
How to find budget-friendly insurance for a Subaru Forester
The list below summarizes some of the better money-saving solutions that can help Detroit drivers buy cheap coverage.
- Raise comprehensive and collision coverage deductibles
- Do not pay for full coverage on older vehicles
- Good credit can help you save money
- Safe vehicles cost less to insure
- Serious violations like DUI or careless driving can make car insurance unaffordable
- At-fault accidents will increase rates
- Shop your coverage around for the best deal
That last idea is very critical, as was affirmed in this piece. Prices charged by auto insurers adjust frequently, so don’t be afraid to buy from a different company if a cheaper rate is available. Loyalty to a specific company is fine, but it’s not a good idea if that loyalty ends up costing a lot of money. Take a couple minutes and shop around to find cheaper auto insurance for a Subaru Forester in Detroit.
If you aren’t clear which coverage you need and would like to get some professional input when shopping for the best coverage for a Subaru Forester, the agents below are a good start to help you make a decision which coverages are best. To locate a Detroit auto insurance agent by location nearest to you, click the button at the bottom of the list.
- L A Insurance
6248 Michigan Ave – Detroit, MI 48210 – (313) 896-1000
- Charlotte Knight – State Farm Insurance Agent
7100 W Seven Mile Rd – Detroit, MI 48221 – (313) 340-9000
- PD Dandnaik – State Farm Insurance Agent
W, 7725 Vernor Hwy – Detroit, MI 48209 – (313) 554-1500