What Should it Cost to Insure a Subaru WRX?

For most vehicle owners, owning and insuring a vehicle can be an expensive proposition. Since your vehicle is an important asset, it’s smart to purchase the best coverage to protect that asset even if you have to pay a little more than you expected.

When you purchase car insurance, your policy coverage isn’t just about the car. Your policy will be a package of coverages with your liability coverage being as important or even more important than the coverage on your vehicle.

Although insurance companies sell very similar car insurance products, each company uses its own underwriting factors concerning the vehicle and drivers to establish the final cost of insurance to the consumer. There are a lot of things that come into play when it comes to car insurance so we’ll spend some time on each going forward.

What Consumers are Saying About the WRX

Subaru WRX image

In the J.D. Power expert review of the 2019 Subaru WRX STI, the author had a lot of good things to say about the car that was test-driven such as:

This may be the ultimate enthusiast’s family car.” And, according to the test driver, “Owners report that their favorite things about the WRX are (in descending order) the exterior styling, engine/transmission, interior design, visibility and safety, and seats. Owners indicate that their least favorite things about the WRX are (in descending order) the driving dynamics, storage and space, climate control system, infotainment system, and fuel economy.”

According to Edmunds.com, consumers awarded the Subaru WRX 4.8 out of five stars with a breakdown of:

  • 5 Stars – 86%
  • 4 Stars – 7%
  • 3 Stars – 7%

The reviews on Kelly Blue Book were also generous awarding 4.6 out of 5 stars.

After reviewing many of these reviews, it appears that most Subaru owners enjoy a family-style vehicle that can tear it up when they want to.

How much does it Cost for Subaru WRX Insurance?

Auto insurance rates are primarily based on vehicle and driver underwriting information. This means that the insurance companies must develop a premium based on the characteristics of the car, along with a premium based on the characteristics of all listed drivers on the policy.

The Subaru WRX is a small 4-door sedan but with a high-performance engine. In most cases, smaller vehicles with sufficient safety features translate into lower premiums for insurance to protect them. However, since the WRX has a high-performance motor and advanced driving technology, the rates tend to creep up higher when compared to other cars in the same class.

Vehicle Underwriting

The following characteristics are considered for every vehicle in order to establish a premium for the risk presented by the vehicle:

  1. The year, make, and model of your Subaru
  2. The cost new (even if you purchased it used)
  3. Current mileage and average miles you’ll drive in a year
  4. Safety features on your Subaru
  5. Ratings from the National Highway Transportation Safety Administration
  6. Stolen Vehicle Frequency

Driver(s) Underwriting

  1. Age and driving experience of all drivers
  2. Gender of each driver
  3. Marital Status
  4. Driving Record
  5. Claim history
  6. Insurance score

Which Coverage Should I Purchase for My WRX?

All car insurance policies are sold as a package of coverages and most insurance companies offer the same except for special coverages. The good news is you do not have to purchase all of the coverages the policy offers, but you do have to purchase the mandatory coverages of which there are two.

State Mandatory Coverage

Each state requires the owner to register every vehicle that will be driven on the roads and highways and in order to register a vehicle; you must prove that you carry liability insurance with at least the minimum limits that your state requires. Liability insurance consists of bodily injury liability and property damage liability.

The limits are usually written like 50/25/50, where the first number represents the liability limit per person in thousands, the second number represents the liability limit per accident in thousands, and the third represents the property damage limit in thousands.

The minimum limits for each state vary but your agent will have this information in advance. If you are new to a state and possibly a first-time car owner, you can visit the Insurance Information Institute online to determine your requirements.

Lender Mandatory Coverage

If you financed the purchase of your vehicle, your lender will require you to carry comprehensive and collision coverage to protect their collateral until you pay off your loan. A typical lender will allow a maximum deductible of $500 for each coverage.

 Here is a complete list of coverages that are typically in the Personal Auto Policy: 
COVERAGEDESCRIPTION
Bodily Injury LiabilityPays for injuries to other drivers or passengers in an at-fault accident subject to the limits in the policy.
Property Damage LiabilityPays for repairs or replacement of another person's vehicle or property during an at-fault accident subject to the limits of the policy.
Medical PaymentsMedical Payments covers medical expenses for you and other passengers in your vehicle in an accident no matter who's at fault. This coverage will even cover you for injuries sustained in another person's vehicle or as a pedestrian up to the limit in the policy.
Personal Injury Protection (PIP)PIP covers the driver, all passengers, or a pedestrian involved in an accident no matter who's at fault. PIP helps pay for medical expenses, lost wages, loss of services, and funeral expenses up to the policy limits. This coverage is typically mandatory in "no-fault" states.
Uninsured/Underinsured MotoristUninsured/Underinsured motorist covers your medical expenses if the other driver (at-fault) is uninsured or underinsured. Some states also allow uninsured/underinsured property damage that covers your vehicle as well.
Comprehensive CoverageComprehensive coverage pays to repair or replace your vehicle after a non-collision event such as fire, vandalism, theft, or acts of nature subject to your deductible.
Collision CoverageCollision coverage pays to repair or replace your vehicle after an accident that involves another vehicle or object subject to your deductible.
Emergency Roadside AssistanceRoadside assistance is available if you are locked out of your vehicle or required roadside assistance like a tire change or fuel for an empty tank. Your coverage for each event is subject to the limit you purchased on your policy.
Rental ReimbursementRental reimbursement helps pay for rental expenses if you are in an at-fault accident or
hit by an uninsured driver. Most policies will have a limit per-day and per-accident.

How can I get the Best Rate for My Subaru WRX?

The quickest and most efficient way to find the lowest rates for car insurance is to shop online or by phone if you are not on the internet. When you go online to shop for car insurance you can generally get instant quotes from the top insurance companies but be aware that any quote you get without speaking to an agent will rarely be the final price.

Insurance agents and brokers must retrieve the driving history, claims history, and insurance score before they can offer you a final rate on your car insurance. Most agents can retrieve this information instantly so you may be on hold for only a minute or two.

More importantly, your insurance company will also offer various types of discounts so you’ll want your agent to see what discounts you qualify for to establish your final quote. Most auto insurance companies will offer discounts for the following:

discounts graphic
  • Pay-in-full, auto-pay, and paperless billing
  • Multi-car
  • Multi-policy (Bundling 2 or more policies)
  • Good Student
  • Senior
  • Homeowner
  • Accident-Free and claim free
  • Safe driver
  • Driver training or defensive driving certificate
  • Affinity discounts
  • Low annual miles driven
  • New car, and Hybrid Car
  • Vehicle kept in a locked garage
  • New customer discount

Certainly, not every company offers the same discounts but it’s in your best interest to find one that does so that you can take advantage of those savings.

The Bottom Line

It’s important to understand that your insurance rate could change at each renewal (typically semi-annually) because your policy is re-underwritten at every renewal. This means that if you are getting a new customer discount, it will likely go away after a year. If you have an at-fault accident your premiums will increase at the next renewal unless you purchase an “accident forgiveness” rider.

But, your rates can also go down at renewal. For example, a ticket could fall off your driving record, you may have gotten married, or you may have turned 25 (lower rates for age 25+ drivers), or you decided to purchase another type of insurance from your car insurance company.

The bottom line is auto insurance rates are not static so it’s best to shop your insurance at every renewal or at least every year.