Considering insurance costs is an important step in buying a new car. Knowing the individual factors that go into your rates can help you choose the right trim level and year of Subaru BRZ to fit your budget.
What Is Subaru BRZ Insurance Cost?
Subaru BRZ insurance cost can vary depending on many different factors. This two-door sports car has earned acceptable and good safety ratings with the Insurance Institute of Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA), which can lead to a higher-than-average cost for insurance.
Because it is a sports car, the Subaru BRZ may be at a higher risk of theft, which leads to higher insurance rates. Insurance companies are also more likely to charge a higher rate to cover vehicles capable of reaching higher speeds, like the BRZ.
According to ValuePenguin, the average cost of car insurance for a Subaru BRZ is $1642 for a six-month policy, which calculates to $3284 per year. According to The Zebra, it costs approximately $31 more per month to insure a Subaru BRZ than a standard vehicle.
Insurance Requirements for a Subaru BRZ
Before driving your Subaru BRZ, it is important to ensure that you have sufficient coverage. Specific insurance requirements will vary, depending on state laws, but may include the following:
- Bodily injury liability: Covers any bodily damages that you cause to someone else in a car accident.
- Property damage liability: Covers any property damages you cause to someone else’s vehicle in a car accident.
- Uninsured/underinsured coverage: Covers damages caused by another driver who is uninsured or underinsured.
- Comprehensive coverage: Damages to your own vehicle due to theft, flooding, or other non-accident causes.
- Collision coverage:s Damages to your vehicle if you are in an accident, regardless of who is at fault for the accident.
Bodily injury liability and property damage liability are considered minimum coverage. Most states have some insurance requirements that require drivers to carry these coverages, such as requiring drivers to carry uninsured or underinsured coverage, but this varies from state to state.
Comprehensive and collision coverages are included in a full coverage insurance policy. However, this not only comes at a higher cost but also requires a deductible. Your specific deductible amount will depend on your provider and the policy you choose.
What Factors Influence Your Subaru BRZ Insurance Rates?
The amount that you can expect to pay for Subaru BRZ insurance will vary, depending on many other factors such as:
- Your age: Teen drivers will usually pay the highest rates for Subaru BRZ insurance. According to data from ValuePenguin, the average rate for an 18-year-old is $3983 for a six-month policy. Drivers who are in their 50s and 60s enjoy the cheapest BRZ rates.
- Gender: Gender may also be factored into your Subaru BRZ rates. However, this amount usually accounts for only a few dollars per year and varies depending on your location.
- Driving record: Your driving record is one of the biggest influences on your rates. Drivers with numerous traffic violations or a DUI on their record will pay higher rates than those with a clean driving record.
- Location: Location has a big influence on insurance rates, such as how some states have no-fault auto insurance laws, which lead to higher rates. Additionally, the more insurance claims occur in a specific area, the higher you can expect the rates there. For example, the Zebra reports that the difference between an average annual BRZ insurance policy in Los Angeles, California, and Columbus, Ohio, is $1174 per year for the reasons stated.
- Credit score: Some states factor credit score into insurance rates. Drivers with a perfect credit score enjoy more discounts on their policies overall.
- Year of vehicle: The year of your Subaru BRZ will make a difference in your rates. Newer models are expensive to insure since they cost more to repair or replace.
- Vehicle’s features: The specific features equipped in your Subaru BRZ will make a difference in how much you pay, such as how safety and anti-theft features can earn you a discount.
With so many factors contributing to your insurance rates, it is best to compare policies based on your individual characteristics.
Best Insurance Providers for a Subaru BRZ
If you are looking for affordable insurance for a Subaru BRZ, here are several providers to consider:
- State Farm
- American Family
- 21st Century
- Southern Farm Bureau
While USAA tends to have the cheapest rates for a Subaru BRZ, only active military members and their families are eligible for a policy with this provider. The best insurance provider for a Subaru BRZ if you are not active military is Allied, with an average monthly rate of $85, as reported by The Zebra.
How to Get the Best Insurance Rates on Your Subaru BRZ
Putting insurance on your Subaru BRZ doesn’t have to be expensive. You can find affordable insurance rates using the following tips:
- Choose a BRZ with good safety features: Subaru BRZ’s equipped with the latest safety features are more likely to qualify for discounts.
- Shop around before buying: This can help you choose a trim level of the Subaru BRZ that fits within your budget. Remember that you do not need to own the vehicle to request quotes.
- Change your deductible: Adjusting your deductible can help influence your rate. Keep in mind that this means you will have to pay more out of pocket if you are in an accident and have to file a claim.
- Adjust your coverage limits: You always have room to adjust your coverage limits. First, however, be sure that you have sufficient insurance to meet your state and lending requirements.
Once you collect a few quotes, compare rates and insurance levels and choose the provider that meets your budget best.
Whether you own or are considering buying a Subaru BRZ, it can be helpful to understand the insurance requirements. Find cost-effective insurance by comparing rates and adjusting your limits.
Check this out if you need additional information, resources, or guidance on car insurance.
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