Save on 1994 Mitsubishi Precis Insurance Cost

Buyers have lots of choices when searching for low-cost Mitsubishi Precis insurance. You can either waste hours driving around getting price quotes or save time using the internet to make rate comparisons. There are both good and bad ways to compare insurance rates so we’re going to tell you the absolute fastest way to get price quotes for a new or used Mitsubishi and locate the cheapest rates either online or from local insurance agents.

It’s important to check insurance prices periodically because insurance prices change quite often. Even if you got the best rates for Precis insurance six months ago you can probably find a better premium rate now. You can find a lot of misleading information regarding insurance online, but in this article, you’re going to get some good information on how to reduce your insurance bill.

How to lower your insurance cost

Getting a cheaper price on 1994 Mitsubishi Precis insurance is not rocket science. You just have to invest a little time to compare free car insurance quotes online from several insurance companies. This can easily be done in a couple of different ways.

  • The fastest and easiest way consumers can make multiple comparisons is an all-inclusive rate comparison (click to open form in new window). This quick form keeps you from doing multiple quote forms for each company you want a rate for. One form submission will get you rate comparisons instantly. Just one form and you’re done.
  • A less efficient way to analyze rates requires a visit to each company website and repeat the quote process. For sake of this example, we’ll pretend you want comparison quotes from Nationwide, Allstate and Travelers. To get rate quotes you would need to spend time going to each site individually and repeatedly enter your information, which is why most consumers use the first method.

    For a handy list of car insurance company links in your area, click here.

Whichever method you choose, make sure you are using the same deductibles and coverage limits for every quote you compare. If you compare different liability limits you can’t possibly determine which rate is truly the best.

Auto insurance myths debunked

Consumers can’t get away from all the ads for cheaper auto insurance by Progressive, Geico, Allstate and State Farm. They all seem to advertise the message that you’ll save big if you move your coverage.

But how can every company charge lower premium rates? It’s all in the wording.

All the different companies have specific guidelines for the type of driver that makes them money. One example of this type of insured could possibly be over age 30, has no tickets, and drives a lower-performance vehicle. Anyone who fits that profile will qualify for the lowest premium rates and therefore will pay quite a bit less when switching companies.

Consumers who are not a match for this ideal profile will be charged more expensive rates and the customer buying from a different company. The trick is to say “customers that switch” not “everyone who quotes” can get the lowest rates when switching. That’s why insurance companies can advertise the way they do. That is why you should get car insurance quotes from several different companies. Because you never know which company will have the best premium rates.

Lower your insurance rates

An important part of buying insurance is that you know some of the factors that aid in calculating your premiums. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that can help you get big savings. Many factors are considered when quoting car insurance. A few of the factors are predictable like a motor vehicle report, but other factors are more obscure such as whether you are married or your vehicle rating.

The following are some of the major factors utilized by car insurance companies to help set your rates.

  • Your gender affects premiums – Statistics have proven women are more cautious behind the wheel. It does not mean females are better drivers. Women and men tend to get into fender benders in similar percentages, but guys tend to have more serious accidents. Men also tend to receive more costly citations such as DWI and reckless driving. Young males generally have the highest accident percentage and therefore pay the highest rates.
  • Urban residents pay more – Having an address in less populated areas can save you money when trying to find low car insurance rates. People who live in big cities have to deal with congested traffic and much longer commute distances. Fewer drivers and short commutes means fewer accidents in addition to fewer liability claims.
  • Don’t cut corners with liability protection – Liability insurance is the coverage that protects you in the event that you are responsible for damages caused by your negligence. This coverage provides legal defense starting from day one. Liability insurance is quite affordable compared to other policy coverages, so do not skimp.
  • Younger drivers pay more – More experienced drivers tend to be more responsible, cost insurance companies less in claims and get fewer tickets.Beginning drivers have a tendency to be less responsible in a vehicle so they pay higher insurance rates.
  • Credit history impacts premium rates – Your credit score factor in your rate calculation. If your credit rating could use some work, you could save money insuring your 1994 Mitsubishi Precis by improving your credit score. Consumers who have very good credit scores tend to be less risk to insure as compared to drivers with bad credit.
  • Accidents inflate costs – Your driving record has a lot to do with how much you pay for insurance. Attentive drivers have lower premiums as compared to careless drivers. Having just one moving violation may cause rates to rise by as much as thirty percent. Drivers unfortunate enough to have flagrant tickets like reckless driving or DUI might be required by their state to submit a SR-22 form with their state’s licensing department in order to legally drive.
  • Keep insurance rates low by being claim-free – Companies generally give discounts to drivers who do not rely on their insurance for small claims. If you’re an insured who likes to file claims you can expect much higher rates or policy non-renewal. Your insurance policy is intended to be relied upon for larger claims.
  • Your employer can affect insurance rates – Do you work in a high-stress field? Occupational choices like lawyers, business owners and dentists generally have higher rates than average due to intense work requirements and lengthy work days. Other occupations like scientists, athletes and homemakers generally pay rates lower than average for Precis insurance.

Discount auto insurance rates

Car insurance is not cheap, but there could be significant discounts that you may not even be aware of. Most are applied at quote time, but some discounts are required to be inquired about before being credited. If they aren’t giving you every credit available, you may be paying too high a price.

  • Driving Data Discount – Insureds that choose to allow their auto insurance company to study driving manner remotely such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if they are good drivers.
  • Include Life Insurance and Save – Not all companies offer life insurance, but some may give you a lower auto insurance rate if you buy a life policy as well.
  • Professional Organizations – Joining qualifying employment or professional organizations is a good way to get lower rates on your next auto insurance statement.
  • Senior Citizens – Drivers that qualify as senior citizens can get reduced rates for Precis insurance.
  • Early Payment Discounts – By paying your policy upfront rather than spreading payments over time you can avoid monthly service charges.
  • ABS and Traction Control Discounts – Cars and trucks equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
  • Policy Bundle Discount – When you combine your auto and homeowners insurance with one company you will save over 10 percent off each policy depending on the company.
  • Switch and Save Discount – A few insurance companies allow discounts for switching policies prior to your current policy expiration. This can save 10% or more.
  • Student Discount for Driver Training – Teen drivers should complete a driver education course if offered at their school.
  • Homeowners Discount – Simply owning a home can help you save on auto insurance since owning and maintaining a home demonstrates responsibility.

As is typical with insurance, most discounts do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way. Any amount of discount will help lower your overall bill.

A list of auto insurance companies and their possible discounts include:

  • Geico may offer discounts for membership and employees, seat belt use, multi-vehicle, anti-theft, defensive driver, and air bags.
  • Mercury Insurance may include discounts for multi-policy, annual mileage, ease of repair, multi-car, good driver, and anti-theft.
  • Farmers Insurance has savings for pay in full, distant student, business and professional, homeowner, and multi-car.
  • Auto-Owners Insurance includes discounts for student away at school, multiple vehicles, good student, teen driver, mature driver, safe vehicle, and safe driver.
  • Liberty Mutual discounts include good student, preferred payment discount, teen driver discount, new graduate, and hybrid vehicle.
  • SAFECO offers premium reductions for accident prevention training, anti-lock brakes, homeowner, anti-theft, bundle discounts, and multi-car.
  • Progressive offers discounts including online quote discount, continuous coverage, online signing, multi-vehicle, and good student.
  • USAA offers discounts for driver training, loyalty savings, defensive driver, good student, safe driver, annual mileage, and multi-policy.

When getting free car insurance quotes, it’s a good idea to all companies you are considering the best way to save money. Some discounts may not be available in your area. To locate insurance companies with the best auto insurance discounts, click here to view.

Tailor your auto insurance coverage to you

When it comes to choosing adequate coverage, there is no one size fits all plan. Everyone’s needs are different.

Here are some questions about coverages that can aid in determining whether you would benefit from an agent’s advice.

  • Can I make deliveries for my home business?
  • Am I covered if hit by an uninsured driver?
  • When should my teen driver be added to my policy?
  • Can my babysitter drive my car?
  • Does insurance cover tools stolen from my truck?
  • Does my 1994 Mitsubishi Precis need full coverage?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance coverage options for a Mitsubishi Precis

Having a good grasp of a auto insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like dental work, rehabilitation expenses, doctor visits, pain medications and prosthetic devices. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Liability car insurance

Liability insurance will cover damage or injury you incur to other’s property or people that is your fault. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers things such as medical expenses, legal defense fees, attorney fees and emergency aid. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Auto collision coverage

This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like rolling your car, damaging your car on a curb, backing into a parked car, scraping a guard rail and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

Comprehensive protection

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things such as a broken windshield, theft, vandalism and hitting a deer. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured or underinsured coverage

This gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and also any damage incurred to your 1994 Mitsubishi Precis.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

You can do this!

You just learned a lot of techniques to shop for 1994 Mitsubishi Precis insurance online. The key concept to understand is the more quotes you get, the better likelihood of getting inexpensive car insurance. Consumers could even find that the biggest savings come from a small mutual company.

As you shop your coverage around, never sacrifice coverage to reduce premiums. In many cases, an insured cut comprehensive coverage or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to purchase plenty of coverage at the lowest possible cost, but do not skimp to save money.

Cost effective 1994 Mitsubishi Precis insurance can be found on the web as well as from independent agents, so you need to shop car insurance with both in order to have the best price selection to choose from. There are still a few companies who don’t offer online price quotes and most of the time these smaller providers provide coverage only through independent agents.

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Comments About 1994 Mitsubishi Precis Insurance

  1. Isobel Solomon

    From Aurora, Illinois. Got quotes from Progressive, GMAC, and Erie for my Precis and I’m now saving $14 a month. Wish I didn’t have to insure at all. I just carry liability insurance.

  2. Geraldo Frost

    If you don’t have tickets and are close to Cincinnati, Ohio, check out Allstate. You might save some money. Insured with Nationwide before. Not sure if rates are cheaper online or through an agent.

  3. Rolande Barlow

    Any 21st Century or Encompass customers near Wilmington, DE?

  4. Willow Montgomery

    Affordable car insurance is a myth. I’m in the suburbs of Burlington, VT. Can’t remember who all I quoted but I ended up saving about $20 each month. Was with Farmers. Even increased coverage a bit. I quoted rates online then called them.

  5. Keely Diaz

    I’ve insured with Allstate for a long time. Pretty cheap in Virginia Beach, Virginia.

  6. Genoveva Sims

    I live on the west side of Columbus, OH. I quoted with Nationwide, Esurance, GEICO, and AAA for my Mitsubishi and I’m now saving $21 a month. I quoted rates online then called them. Only insure liability on my Mitsubishi.

  7. Jerri Reeves

    Just a quick comment on my experience. I live in Overland Park, KS. I got free rates from The General, AIG Insurance, Safeco, and a couple others for my Mitsubishi and saved about $60 a year. Insured with Erie before. I have several vehicles insured with them. I used their website to get prices.

  8. Nicky Russo

    Cheap car insurance? What’s that? I’m in the suburbs of Overland Park, KS. Received quotes with Amica, Safeco, and Western Auto Insurance for my 1994 Mitsubishi Precis and I think I am saving around $20 each month. Insured with AIG Insurance before. Thankfully I have a good driving record. Just waiting to see how claims go.

  9. Tambra Snyder

    Just a quick comment on my experience. I live in Indianapolis, Indiana. Got rates from 21st Century, Auto-Owners, and some I forget for my 1994 Mitsubishi Precis and I’m now saving $16 a month. Left 21st Century to switch. Just go online and compare their rates.

  10. Asuncion Contreras

    Affordable car insurance is a myth. I live just to the east of Aurora, IL. Got quotes from Travelers, Amica, The General, and MetLife for my Mitsubishi and I think I cut my rates about $10 each month. Left Farmers to switch. Online quotes are the way to go.

  11. Giovanna Horton

    Enjoyed the article. I live just to the west of Indianapolis, IN. Compared quite a few companies. Saved roughly $30 a month. GEICO was the most affordable for me. Anyone else drop full coverage?

  12. Darren Terrell

    I got decent rates for a 1994 Mitsubishi Precis in Jersey City, NJ. Ended up at right around $70 every six months with AAA.