About Subaru car insurance
Subaru is a Japanese auto manufacturer. The company was established on July 15, 1953. Formerly known as Fiji Heavy Industries, an aircraft research laboratory, Subaru is the Japanese name for the Pleiades star cluster. This represents the partnerships of multiple companies to create the first Subaru vehicle – the Subaru 1500.
Subaru’s first hit the Canadian market in 1976 but it wasn’t until 1989 that Subaru auto dealerships began making a presence in the country. Today, the company continues to achieve sales success. The company sold a record 58,070 vehicles in 2018, a 6.4% increase from the previous year.
Similar to other brands in Canada, the SUV and crossover models are leading the way. The Forester, Ascent, Crosstrek, and Outback make up about three-quarters of monthly vehicle sales.
Subaru Canada is a subsidiary of Fiji Heavy Industries and its headquarters are in Mississauga, Ontario.
Subaru insurance can be more affordable
In addition to world-class safety ratings, versatile vehicle options, and strong performance, Subaru has great rates for insurance. A number of models are known for having cheap prices for car insurance in Ontario.
The Outback and Forester are regularly regarded as having lower premiums. The WRX STI and BRZ are ranked in the top 10 for affordable rates in the sports car category.
How much does Subaru insurance cost?
Subaru car insurance rates vary based on the model your drive. Vehicle features, safety ratings, age, and claims history of the vehicle model are all considered when getting car insurance quotes. In general, the Ascent, Forester, and Outback are the most affordable models to insure.
Every situation is unique. Factors such as your location, how often you drive, your driving record, your policy limits and coverage, and more must also be considered to get an accurate quote.
What factors impact Subaru auto insurance?
There are many things that influence auto insurance rates for Subaru vehicles.
- All models have good safety ratings: Subaru’s are known for their top safety ratings. All vehicles have a strong track record of safety and reliability.
- The Impreza is a target for theft: The Impreza has appeared on the most stolen vehicle list on a number of occasions.
- High collision claim costs: Earlier models of the Impreza, particularly the 2005 and 2007 models have high collision claim costs. This drives up payments.
- Repairs: Subaru has reasonable repair costs. This can help keep insurance premiums down somewhat.