The BRZ is a fun sports coupe that offers many of the perks that Subaru is known for, including reliability and affordability. If you’re planning on purchasing a Subaru BRZ, it’s important to factor in all your potential expenditures, including the cost of insurance. Insurance rates can be affected by a wide range of factors, including the age of the car, your personal history, and the insurance company you choose to work with. Keep reading to learn more about the average cost of insuring a Subaru BRZ and what affects rates.
Insuring the Subaru BRZ
Insurance providers consider many things when putting together a quote, including safety features, safety ratings, and MSRP. Like any other car, the BRZ has a range of features that can affect its insurance costs. The primary factor affecting the cost of insurance is the fact that the BRZ is a sports car.
Unfortunately, these types of vehicles are more likely to be driven fast and hard, sometimes leading to accidents, making them more expensive to insure. While the BRZ’s insurance rates may be high compared to other Subarus, it’s still one of the most affordable sports cars to insure due to its relatively competitive price tag. With regards to safety, the vehicle has received good ratings but not excellent, which may increase the cost of insuring it.
Average Rates by Year
Your car’s production year is very important to potential insurance providers. Its age may make it more likely to experience mechanical failure, possibly increasing the cost of coverage. Newer BRZs, though more expensive to buy, include more safety features than older models, which can decrease insurance rates.
These are the average annual costs for insuring BRZs by year, according to The Zebra:
- 2020 Subaru BRZ: $1,918
- 2019 Subaru BRZ: $1,997
- 2017 Subaru BRZ: $3,030
- 2016 Subaru BRZ: $3,306
- 2015 Subaru BRZ: $2,625
- 2014 Subaru BRZ: $3,155
- 2013 Subaru BRZ: $2,344
Your insurance rates may vary based on the trim level that you purchase. While there were slight variations by year, Subaru BRZs were available in two primary trims between 2013 and 2019, Premium and Limited. Of the two, the Premium is generally slightly less expensive to insure. It was a lower trim level, less expensive to buy, and therefore less expensive to repair or replace.
Average Rates by Provider
When looking to insure your Subaru BRZ, your most important decision will probably be which carrier to choose. Every carrier uses a distinct system to set prices, which can lead to huge differences in rates. Your individual rate will depend on your own driving history, as well as the state of your vehicle and your location, making it hard to predict exactly what you’ll pay. Nevertheless, there are certain clear trends when it comes to insuring the Subaru BRZ.
These are the average annual costs of insuring a 2020 Subaru BRZ with several of the most popular providers, according to The Zebra:
- Progressive: $1,892
- Southern Farm Bureau: $1,884
- State Farm: $1,853
- Vermont Mutual: $1,596
- 21st Century: $1,574
- Nationwide: $1,567
- GEICO: $1,557
- American Family: $1,506
- Erie: $1,468
- USAA: $1,437
- Tennessee Farmers: $1,389
- Allied: $1,023
What Affects Your Rates?
These are some of the primary factors that can affect your insurance cost:
- Your driving record: Your driving record and history of incidents, such as accidents and speeding tickets, can significantly influence your insurance rates. If you have a history of multiple accidents or a DUI, an insurance agency may consider you to be a high-risk driver, leading to additional coverage costs.
- Where you live: The city and state where you live can impact the cost of your coverage because it can influence the likelihood of an accident or break-in. Individuals who live in densely-populated urban settings can typically expect to pay more for insurance coverage than drivers in rural areas.
- Your age: Age can influence your auto insurance rates, since insurance providers typically reduce coverage costs as drivers age and gain a reliable driving record.
- Your sex: Your sex may impact your insurance policy costs. Young men typically have the highest car insurance coverage rates, particularly when they are under the age of 25. However, states including Massachusetts, Michigan, Hawaii, Pennsylvania, Montana, and North Carolina don’t allow agencies to consider sex when calculating insurance policy costs.
- Your credit score: Insurance agencies may regard drivers with lower credit scores as higher-risk drivers, so credit history can have an impact on your car insurance rates. This means you may benefit from building good credit or looking for agencies that don’t focus on your credit history if your score is low.
- Discounts you qualify for: Depending on your age, veteran status, and profession, you may qualify for various car insurance discounts that can help you lower your rates and save money. Before purchasing an insurance policy, consider asking your provider about any additional savings you may be able to receive.
- Bundles you purchase: If you choose to bundle your car insurance coverage with renter’s, homeowner’s, motorcycle, or other policies, you may be able to reduce the overall cost of your premium. Consider reviewing your bundle options with your insurance agent or provider.
- Telematics: Telematics allows agencies to monitor and track drivers’ performance on the road and adjust the cost of their policy according to their driving habits. This can help you save money by adhering to the speed limit and other positive driving practices.
That’s a quick overview of what you can expect when looking to insure your Subaru BRZ. Hopefully, this article helps you find the right insurance policy for your car at a price you can afford. Make sure to contact a trained insurance representative to get the most accurate quotes for your location and vehicle. Good luck and stay safe on the road.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.
