Lower Your 2003 Mitsubishi Eclipse Insurance Rates
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UPDATED: May 20, 2022
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Trying to find cheaper car insurance rates for your Mitsubishi Eclipse? Searching for cheaper insurance for a Mitsubishi Eclipse can normally be difficult, but you can learn the following methods and make it easy.
There are both good and bad ways to find car insurance online so we’re going to tell you the proper way to quote coverages on a Mitsubishi and obtain the lowest price either online or from local insurance agents.
Discounts Can Help You Save on the Price of a 2003 Mitsubishi Eclipse Insurance Policy
Insurance can cost an arm and a leg, but you may find discounts to help offset the cost. Certain discounts will be applied when you get a quote, but less common discounts must be specifically requested before you will receive the discount. If you don’t get every credit you deserve, you’re paying more than you need to.
- Good Students Pay Less – A discount for being a good student can save 20 to 25%. This discount can apply up until you turn 25.
- E-sign – Some insurance companies will discount your bill up to fifty bucks just for signing your application online.
- Theft Prevention System – Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
- One Accident Forgiven – A few companies will forgive one accident before your rates go up if you are claim-free for a particular time prior to the accident.
- Auto/Life Discount – Companies who offer life insurance give a discount if you purchase auto and life insurance together.
It’s important to note that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like medical payments or collision. So even though it sounds like all those discounts means the company will pay you, companies don’t profit that way. But all discounts will cut the amount you have to pay.
For a list of insurers with discount insurance rates, click this link.
Factors That Will Determine What You Pay for Insurance
Smart consumers have a good feel for the factors that help determine auto insurance rates. Having a good understanding of what determines base rates enables informed choices that will entitle you to lower auto insurance prices.
- Liability coverage is cheap – Liability insurance will protect you if you are found liable for personal injury or accident damage. It will provide legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not cut corners here.
- What are your deductibles? – Your deductibles define the amount you are required to spend if you file a covered claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some instances where coverage would apply would be running into the backend of another car, damage caused by hail, or theft. The higher the amount you are required to pay out-of-pocket, the less your auto insurance will be on Eclipse insurance.
- Cautious drivers pay less – A bad driving record has a lot to do with how much you pay for insurance. Even one speeding ticket can bump up the cost by as much as thirty percent. Drivers who don’t get tickets receive lower rates than people who have multiple driving citations. If you have severe violations such as DUI or reckless driving may find they need to submit a SR-22 form with their state DMV in order to drive a vehicle legally.
- More than one policy can earn a discount – Many companies give discounts to people who have multiple policies with them such as combining an auto and homeowners policy. Discounts can be anywhere from five to ten percent in most cases. If you currently are using one company, it’s in your best interest to comparison shop to ensure the best deal. You may still find better rates by buying auto insurance from a different company.
Questions to Ask When Shopping for Insurance
When buying coverage, there really is not a perfect coverage plan. Everyone’s situation is a little different.
Here are some questions about coverages that can aid in determining whether your personal situation would benefit from professional advice.
- Does my insurance cover damage caused when ticketed for reckless driving?
- Does coverage extend to a rental car in a foreign country?
- Am I covered if I break a side mirror?
- When do I need to add a new car to my policy?
- When should I drop full coverage on my 2003 Mitsubishi Eclipse?
- When would I need additional glass coverage?
- Should I rate my 2003 Mitsubishi Eclipse as pleasure use or commute?
- Are all vehicle passengers covered by medical payments coverage?
- Can I get a multi-policy discount?
- Does my insurance cover a custom paint job?
If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.
Switching Insurance Companies to Save Money
Consumers can’t get away from ads for the lowest price auto insurance from companies such as GEICO, State Farm and Progressive. They all seem to have a common claim of big savings after switching your policy.
How do they all claim to save you money? It’s all in the numbers.
Insurance companies have a preferred profile for the driver that is profitable for them. An example of a desirable insured might be between 25 and 40, owns a home, and has a short commute. A driver that hits that “sweet spot” will get the preferred rates and therefore will save when they switch companies.
Potential insureds who are not a match for the requirements will be quoted higher premiums and this can result in business not being written. Company advertisements say “people who switch” not “people who quote” save that much. That’s why insurance companies can confidently advertise the way they do.
This emphasizes why you need to get quotes from several different companies. Because you never know which insurance companies will fit your personal profile best.
What are some examples of insurance coverage?
Knowing the specifics of your insurance policy can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be confusing and nobody wants to actually read their policy.
Comprehensive or Other Than Collision
This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things like vandalism, hitting a bird and a tree branch falling on your vehicle. The maximum payout your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Collision insurance pays for damage to your Eclipse from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims like backing into a parked car, hitting a parking meter, scraping a guard rail and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.
Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these limits are identical to your policy’s liability coverage.
Liability Auto Insurance
Liability coverage can cover damage or injury you incur to other’s property or people in an accident. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Occasionally you may see a combined limit that pays claims from the same limit without having the split limit caps.
Liability can pay for claims like loss of income, repair bills for other people’s vehicles, emergency aid and medical services. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.
Medical Payment Coverage
Medical payments and Personal Injury Protection insurance pay for expenses like prosthetic devices, X-ray expenses, hospital visits and surgery. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay.
Lowering the Price of a 2003 Mitsubishi Eclipse Auto Policy: Summary
We just showed you a lot of ways to get a better price on 2003 Mitsubishi Eclipse insurance. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. Consumers could even find that the most savings is with the least-expected company.
Cheap insurance is attainable both online in addition to many insurance agents, and you need to price shop both to get a complete price analysis. There are still a few companies who do not provide online quoting and many times these regional insurance providers only sell through independent insurance agents.
Insureds switch companies for a number of reasons such as delays in paying claims, delays in responding to claim requests, unfair underwriting practices and policy cancellation. It doesn’t matter what your reason, switching companies can be easy and end up saving you some money.
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Auto Insurance Basics (Insurance Information Institute)
- Airbag FAQ (iihs.org)
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