Subaru auto insurance overview
Subaru is one of the largest Japanese automakers in the world. Founded by Kenji Kita in 1953, the company quickly became known for its signature boxer engine layout, all-wheel drive and off-road capabilities.
Subaru has developed a loyal and devoted fan base around the world, including in Canada. The brand has vehicles for all budgets, ranging from the high-value Impreza to the state-of-the-art Ascent, which has garnered a reputation for being a tech-powered family car.
The Japanese auto manufacturer, like many in the world right now, is also in the midst of ramping up its production of eco-friendly vehicles. The Subaru Crosstrek is their most popular hybrid vehicle to date, however, this could be surpassed by the automaker’s first-ever all-electric model slated to debut next year.
So whether you’re attracted to the brand because of its affordable price points, rough-road capabilities, impressive safety features, or hybrid models, buying a Subaru is an excellent choice.
Fun facts about Subaru
- Subaru is the Japanese name for the Pleiades star cluster, otherwise known as the “Seven Sisters.” Legend has it that one of the sisters is invisible, which is why the Subaru logo only features six stars.
- Subaru first expanded into the Canadian market in 1976. Today, the Subaru Canada, Inc. headquarters is located in Mississauga, Ontario.
- Subaru plans to launch its first-ever all-electric SUV in 2023, the Subaru Solettra SUV.
Subaru car insurance coverages
Whichever type of car you purchase - whether it’s a Subaru or not - you’ll need the right car insurance coverage to go with it. Certain types of coverage are mandatory in Canada, which means you’ll have to ensure your policy includes these types. However, many coverage options are not compulsory, and therefore you’ll need to consider whether they’re worth buying. To help Subaru drivers understand the coverage options available to them, we’ve outlined a few key types of coverage below:
Third party liability coverage
Third party liability coverage is mandatory in Canada, with each province setting its own minimum requirement. Liability coverage aims to protect the policyholder if they are found at fault for a collision. This type of coverage can help pay for medical expenses related to accidental injuries and vehicle repair costs, as well as legal representation and any applicable court fees.
Collision
Collision coverage is optional in Canada, but Subaru drivers may wish to purchase it for additional peace of mind. This type of coverage protects the policyholder if they get into an accident with another car or object on the road. It covers the driver regardless of whether they are liable for the accident. Please note that collision coverage can help cover the costs of property damage but not medical expenses incurred as a result of injury (medical expenses relating to bodily injuries should be covered under the accident benefits portion of your policy, which is mandatory).
Comprehensive
Subaru drivers in Canada might choose to purchase comprehensive coverage. Without comprehensive coverage, your car insurance policy will likely offer protection in the event of an accident, however, it won’t protect you against theft, vandalism, fire, or water damage. Comprehensive coverage does just that, allowing drivers to rest easy knowing they are covered no matter what life throws their way.
Accident forgiveness
Accident forgiveness can be added to your car insurance policy as an endorsement, to protect your driving record, and to help prevent your insurance premium from increasing if you have an at-fault accident claim.
Factors influencing Subaru car insurance rates
As most Canadian drivers know, insurers use a wide range of factors to determine your car insurance rate. From your age and driving record to the model of Subaru you choose, a list of the most common factors that influence insurance premiums follows:
Age
From an insurance company’s perspective, age is one of the most significant factors in determining your car insurance premium. Young drivers who have little to no experience behind the wheel typically pay the highest premiums. Senior drivers may also pay more for their Subaru car insurance, based on statistics.
Location
Where you plan to drive your Subaru can also affect your insurance premium. If you live in a high-density urban area like the Greater Toronto Area (GTA), you may pay more for insurance simply because there is more traffic on the road and therefore your chances of being involved in a collision increase. On the other hand, if you live in a quiet, rural part of the country, your insurance may be cheaper. Lastly, if you live in a region prone to climate related incidents, your Subaru car insurance could cost more.
Driving history
One’s driving history, which includes their driving experience and driving record is always taken into account by insurance companies. The more experience you have, the better off you are. A lack of experience is why young drivers generally pay more for car insurance. However, experience alone isn’t enough to lower your insurance premiums. Rather, it must be coupled with a clean driving record. Having a clean driving record indicates to the insurance company that you are a safe and responsible driver who obeys the rules of the road. In contrast, if you have a poor driving record filled with tickets, demerit points, accidents, and DUIs, insurers will see you as a riskier investment and could raise your premiums.
Subaru Model and year
The specific model and year of the Subaru you purchase, as well as whether it’s new or used, can impact your insurance premiums. Generally speaking, expensive, luxury vehicles cost more to insure than their budget-friendly counterparts. This means that if you’re looking to save money on car insurance, you may wish to consider buying one of the cheaper Subaru models, such as the Impreza or even buying a used Subaru rather than a new one.
Length of Subaru ownership
Another factor that insurance companies may consider is how long you’ve owned your vehicle. Canadian drivers who have owned the same car for years without incident may be rewarded with lower insurance rates. Conversely, drivers who buy new cars every year may not have this advantage.
How to save money on Subaru car insurance
Subaru car insurance should never break the bank. And with the help of an insurance broker, you can make sure that you're never paying more for auto insurance than you have to. BrokerLink’s expert insurance advisors have helped us put together this list of the top ways to save money on Subaru car insurance:
- Purchase car insurance for multiple vehicles together (savings of up to 20%)
- Buy multiple insurance policies (home insurance + car insurance, leisure vehicle insurance + car insurance, etc…) from the same provider (savings of up to 15%)
- Purchase one of Subaru’s hybrid models, or in the future, one of their electric models (savings of up to 5%)
- Increase your deductible
- Enrol in driving school (for young drivers)
- Pay auto insurance annually rather than monthly
Partner with BrokerLink
To get the best possible deal on your Subaru car insurance, partner with a trusted broker like BrokerLink.
Here at BrokerLink, we pride ourselves on our ability to find the best possible coverage at the most affordable rate. We know the car insurance industry like the back of our hands and can offer our unbiased opinion on the best insurance policy for you and your family.
BrokerLink has been helping Canadian drivers find affordable car insurance for over 30 years, and we don’t plan on stopping anytime soon. Partner with us and we promise you won’t be disappointed.
Want to learn more about Subaru car insurance? Get in touch
If you still have questions about Subaru car insurance, BrokerLink is here.
Whether you wish to discuss coverage options, learn more about mandatory car insurance in a specific Canadian province, or obtain a free quote, you’ve come to the right place.
The BrokerLink team is always on hand to answer your questions. You can contact us however is most convenient - by phone, email, or in person at one of our many locations throughout Canada.
We also offer free car insurance quotes to all Subaru drivers. No matter the Subaru model, we invite you to use our online calculator tool to obtain an accurate and competitive quote in minutes.
If you have any questions about your free BrokerLink quote, you can contact us at any time.
BrokerLink is ago-to resource for all things car insurance in Canada and will work tirelessly to find you the perfect policy for your Subaru.
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Subaru car insurance FAQs
Used vs. new: Which Subaru is less expensive to insure?
Used cars, no matter the make or model, tend to be cheaper to insure than their new counterparts. Therefore, choosing a used Subaru will likely cost you less to insure than buying a new one. However, there are other considerations when buying a used car. For example, they may not be as fuel-efficient or come with warranties, which could mean paying more money down the line.
What is the best car insurance for Subaru?
There is no one insurance provider in Canada that’s the best for any specific make of car. So many factors come into play when calculating insurance rates and insurers are constantly underwriting behind the scenes. This means that just because you found a great policy from a certain provider last year doesn’t mean it will be the same this year. Do yourself a favour and partner with a broker who can ensure you find the best possible car insurance for your Subaru.
What is the least expensive Subaru model to insure?
Generally speaking, the cheaper the vehicle, the less it costs to insure. Therefore, the newer, more expensive Subaru models that are tricked out with all kinds of state-of-the-art features will typically cost more in car insurance, whereas older, less expensive Subaru models will make for cheaper car insurance. Customizing your vehicle can also impact the cost of insurance. Custom trims cost more to repair or replace, so if you buy a Subaru with custom trims, your insurance rate may be higher.
The Subaru Impreza, Crosstrek, and Forester tend to be the automaker’s least expensive cars, while the Subaru Ascent SUV is their most expensive.
Is it safe to buy Subaru car insurance online?
Nowadays, shopping for car insurance online is just as safe as doing so in person. However, that doesn't mean it’s any less stressful. While shopping online might be more convenient, you’ll still have to obtain and compare quotes from a number of insurance companies in order to ensure you’re getting the most competitive rate for your Subaru car insurance. This is why we recommend saving yourself the stress and hassle of shopping around by partnering with an insurance broker. A reliable broker like BrokerLink will help you navigate the complicated world of car insurance, ensuring you find the best possible coverage at the lowest price.
*This article is in no way sponsored, endorsed, or associated with Subaru.
