howiek122 Posted January 31, 2017 Share Posted January 31, 2017 Hey Guys. I just bought a 2017 Impreza premium and I'm wonder about Insurance rates. I live on Long Island, which is in NY I've been told by my broker that an Impreza, regardless of the model is very expensive to insure and is just as expensive to insure as a BMW or a Mercedes. Actually any Subaru is very expensive to insure I've been told that the likelihood of theft is very high and the cost to repair the car is very expensive and If you drive a Subaru you are more likely to speed. I have a hard time believing this. That is coming from my broker. My insurance premium tripled after buying the Impreza from the cost of insuring an 2012 Elantra I will be getting other quotes from other brokers and maybe contacting insurance companies directly. I'm looking for some input from everyone. Thanks Link to comment Share on other sites More sharing options...
rocketman Posted January 31, 2017 Share Posted January 31, 2017 What kind of numbers are talking about,have you tried GEICO? Link to comment Share on other sites More sharing options...
Rooster2 Posted January 31, 2017 Share Posted January 31, 2017 (edited) All Subarus are not expensive to insure. What model Impreza have you purchased? If you bought a WRX or STI, these are performance models, so suspect insuring would cost more then a base model Impreza. Suggest you shop around for insurance. Update.......I went on line and saw the following........ 2017 Subaru Impreza 2.0i Premium with EyeSight + BSD/RCTA + SRF + Moonroof + Starlink listed for about $25K. Even if this car has more extras then your "Premium," it will not cost much to insure, and is not a high performance car, or one that is at high risk for theft. I don't think your "broker" guy knows what he is talking about. Nothing that he has told you seems correct. Edited January 31, 2017 by Rooster2 Link to comment Share on other sites More sharing options...
brus brother Posted January 31, 2017 Share Posted January 31, 2017 time for a new broker shop around if you own your home, bundle with homeowners for even better rates try state farm insurance 1 Link to comment Share on other sites More sharing options...
howiek122 Posted January 31, 2017 Author Share Posted January 31, 2017 I bought the Impreza Premium. I will shop around and look for another broker. I had a hard time believing what he was telling me Link to comment Share on other sites More sharing options...
rocketman Posted January 31, 2017 Share Posted January 31, 2017 What was he telling you? Link to comment Share on other sites More sharing options...
rocketman Posted January 31, 2017 Share Posted January 31, 2017 OK,may you have a lot of speeding tickicks or accidents? Link to comment Share on other sites More sharing options...
ocei77 Posted January 31, 2017 Share Posted January 31, 2017 Most Subarus are classified as sports cars. . NY which has high rates to begin with socks it to you. Tickets etc add to the cost. This is one reason I never bought a turbo GT. O. Link to comment Share on other sites More sharing options...
idosubaru Posted January 31, 2017 Share Posted January 31, 2017 Why are you using a "broker"? Just call the insurance company you want to deal with directly, there's no need for a 3rd party middle man unless you enjoy limited, preferentially driven, higher priced options. I'd start with 1 or 2 big name ones (Liberty Mutual, etc) and then look for maybe a regional provider that's popular locally. Erie insurance is a smaller provider with great rates that's common next door to you in PA. If you graduated from college check with the alumni association of your school and see if they have a partnership with an insurance company. they can offer (variables still dependent) massive discounts. Ask for quotes combining auto/home/business/boat/recreational vehicle insurance. Link to comment Share on other sites More sharing options...
Numbchux Posted January 31, 2017 Share Posted January 31, 2017 Why are you using a "broker"? Just call the insurance company you want to deal with directly, there's no need for a 3rd party middle man unless you enjoy limited, preferentially driven, higher priced options. I'd start with 1 or 2 big name ones (Liberty Mutual, etc) and then look for maybe a regional provider that's popular locally. Erie insurance is a smaller provider with great rates that's common next door to you in PA. If you graduated from college check with the alumni association of your school and see if they have a partnership with an insurance company. they can offer (variables still dependent) massive discounts. Ask for quotes combining auto/home/business/boat/recreational vehicle insurance. Brokers are way better than agents. They do not represent any one insurance company, and can shop around for you. Up until last August (when we bought our house), I had had Geico for 7 years. I switched from the stereotypical big, cold, corporation (I never had a claim, but I can't imagine what it would have been like, just getting my billing information updated was a nightmare), to a local brokerage. I went from having just 2 cars covered, to 3 cars (with considerably higher limits), a house, and a couple riders for specific items, and am paying HALF what I was paying. And, now I have a local agent, who knows me by name, knows where I live, etc. I cannot speak to insurance rates from one car to another. My cars are pretty much all old enough that they all cost the same, and I only carry liability coverage. And it's definitely very different based on local trends and laws But, my work in the parts department of a Subaru dealership, I'm dealing with body shops a dozen times a day, and more than occasionally ordering parts to repair other makes for our customers. They are not any more expensive to repair than any other Japanese import. Yes, the common domestic sedans are cheaper, but that's about it. Subaru does like to use pearl paints, and especially Satin White Pearl is apparently a pain, but I can't imagine that really effects the cost of repair that much. I don't believe that they're any more prone to theft than the aforementioned BMW or Mercedes, and replacement cost is definitely cheaper. That said, the only real way to know if that's a good price, is to shop around with the immediate competitors. Talk to some local agents/brokers and see what's what. Link to comment Share on other sites More sharing options...
idosubaru Posted January 31, 2017 Share Posted January 31, 2017 Gotcha on the brokers, good to know that's a reasonable option. That makes sense, there's certainly great people that are brokers. What leverage does a broker have that an individual does not? Is company XYZ going to give them a better rate than and individual calling the same company. Link to comment Share on other sites More sharing options...
Numbchux Posted January 31, 2017 Share Posted January 31, 2017 From what I understand, yes, they do. The company I went with (Auto Owners) does not deal straight with customers, so it'd have to be an agent anyway....might as well be one that can shop around for you. When I met with our broker, he had quotes through several companies, and while Auto Owners wasn't the out right cheapest, it was competitive with the cheapest, and they had several reasons to go with them based on our personal situation. Information I NEVER would have known about when I was shopping around. Link to comment Share on other sites More sharing options...
idosubaru Posted February 1, 2017 Share Posted February 1, 2017 I've told nearly the identical story for years, after years with progressive - i added a truck, better coverage, half the cost. I wonder if geico and progressive are similar operationally speaking and how they fit the market, and there are discounted plan can be financially advantageous, like through a brokers or group affiliated plans like I have.... Auto Owners scores well in some reviews but isn't available where I live. Link to comment Share on other sites More sharing options...
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