When you’re researching online or using other mediums to find the best WRX Insurance, it is quite overwhelming to choose the right one. There are quite a few factors that determine the overall WRX insurance rate. Some of the factors can be controlled, while some are not in your control. However, if you’re aware of what affects the cost, it will help you in making a better decision when selecting the right insurance plan for your car. The factors include demographic factors such as gender, age, marital status, where you reside, profession, and credit score. It is not only the demographic factors that affect the insurance rate but also the type of car you own. Some cars have better safety features, while some incur more repair and maintenance costs, and have a low safety rating. So if the car is more prone to accidents and incurs more costs, the insurance rate will go higher.
The Subaru model name WRX stands for World Rally Experiment. It is an upgraded model from Impreza to WRX, when Subaru collaborated in the ’90s with the racing team from Britain, Prodrive. This WRX model includes all the important features of the previous model, Impreza. It also includes a turbocharged engine, redesigned pedals, dashboard, and also a re-engineered gear knob.
The Subaru WRX has a symmetrical all-wheel balanced design. It is designed to deliver uniform stability and distribution of optimal power that provides maximum traction. You can confidently drive out of every corner from any track, smoothly drive through a road trip, and back roads in any condition. It is equipped with summer tires that are wide for excellent grip and tremendous control. The steering is electric power which allows you to create quick sharp turn-in and also amazing on-center feel. With features such as dynamic control and cornering response through every single turn, you can enjoy a safe and powerful experience with this car.
Factors Affecting the WRX Insurance Rate
Most insurance companies look at different variables to determine the rate. Although they look at demographic factors such as driving history, age, and gender; the most crucial variable is your vehicles make and the model. Insurance companies also consider factors such as theft records, loss rates, and safety. The WRX model is a small-sized sedan model. It has a high-performance turbo engine and advanced technology which may cause the rates of insurance to be costlier than other vehicles in the same class.
The National Highway Traffic Safety Administration (NHTSA) has several categories on which vehicles are rated for their crashworthiness such as frontal crash, rollover, side crash, and overall. The rating obtained by Subaru WRX is 4 out of 5 for all the years it was tested. However, it only undertook the rollover crash category test. The rating should have given the confidence to lower the insurance rates; however, since it is not tested in other crash categories, we may not see a noticeable reduction in rates.
Safety Factors Affecting the Subaru WRX Insurance Rate
Insurance providers consider a vehicles crash value to determine the charges for comprehensive coverage and collision. The insurance companies have to reimburse the total value of the vehicle, excluding the deductible; in case of a theft or a complete loss accident. The Subaru WRX has varying price. Hence, the insurance rate will depend on your Subaru WRX’s market value. The Insurance Institute for Highway Safety (IIHS) provides a rating on cars based on class and also on categories such as bodily injury, personal injury, collision, medical payment, comprehensive, and property damage. The Subaru WRX has received an average rating in most categories, excluding the comprehensive and collision, where it received less than average scores. It will depend on insurance providers, how they look at each factor; and based on what factors they consider, it will determine the rates. That’s why we can help you to choose the best car insurance companies for your Subaru WRX.
Insurance companies also look at safety equipment’s installed in a vehicle while determining the rates. Equipment’s such as the system for passive restraint and anti-lock brakes can give you a reduced rate. So, list down all the additional safety equipment’s you have installed in your car. The anti-theft system can also help you in receiving a discount on your insurance rate.
Take at least three quotes from different insurance companies and compare the rates. Check for the discount policy of each company. Look for the company’s financial health and claim satisfaction. Check the ratings provided by the National Association of Insurance Commissioners (NAIC), to ensure that you are taking an insurance policy for your car from a reputed and trustworthy company.