2003 Mitsubishi Eclipse Spyder Insurance Rates

Want the cheapest auto insurance rates for your Mitsubishi Eclipse Spyder? Tired of sacrificing other expenses to make your auto insurance payment? You are in the same boat as many other consumers.

Companies like Allstate, Liberty Mutual and State Farm continually hit you with ad campaigns and consumers find it hard to ignore the flashy ads and do the work needed to find the best deal.

How to find low cost insurance

There are a lot of ways to shop for insurance, and some are less time-consuming than others. You could waste a few hours discussing policy coverages with local insurance agents in your area, or you can utilize the web to get pricing more quickly.

All the larger companies take part in a program that allows shoppers to only type in their quote data once, and at least one company can provide price quotes based on the submitted data. This system prevents you from having to do repetitive form submissions for each company.

To find out how much you can save on insurance click to open in new window.

The only drawback to getting quotes like this is you cannot specify which providers you want to price. So if you want to select individual companies to request quotes from, we put together a list of the cheapest insurance companies in your area. Click here to view list.

You can use whichever method you prefer to find lower rates, just do your best to use exactly the same quote information with each company. If the quotes have unequal deductibles or liability limits you will not be able to determine which rate is truly the best. Slightly different coverage limits can result in a big premium difference. And when comparing insurance rates, know that comparing more company’s prices provides better odds of finding the best offered rates. Not every company allows you to get price estimates online, so it’s important to compare quotes from the smaller companies as well.

Eight factors that affect insurance premiums

Lots of things are used in the calculation when you quote your car insurance policy. Some factors are common sense such as your driving record, but other criteria are not as apparent like your continuous coverage and annual miles driven.The best way to find cheaper insurance is to take a look at a few of the rating criteria that play a part in calculating the level of your policy premiums. If you have some idea of what impacts premium levels, this allows you to make educated decisions that can help you get lower rates.

The following are some of the most common factors used by insurance companies to determine your premiums.

• Your occupation and insurance rates – Did you know your occupation can influence how much you pay for insurance? Occupational choices like military personnelpolice officers and dentists generally pay higher premiums than the average policyholder attributed to high stress and incredibly demanding work hours. On the other hand, jobs such as farmers, athletes and retirees pay lower than average rates for Eclipse Spyder coverage.
• Save money by having multiple policies – The majority of insurance companies apply better rates to people that purchase more than one policy. It’s known as a multi-policy discount. If you currently are using one company, consumers should still compare other company rates to verify if the discount is saving money.
• Safety first – Safe vehicles are cheaper to insure. Highly rated vehicles help reduce the chance of injuries in an accident and lower rates of occupant injuries means your insurance company pays less which can mean better rates for you.
• Never allow your insurance to lapse – Having a gap between insurance policy dates will be a fast way to increase your rates. Not only will you pay more, being ticketed for driving with no insurance may earn you a steep fine or even jail time. You will then be forced to prove you have insurance by filing a SR-22 with your state DMV.
• Marriage is a factor – Being married may earn you lower rates on insurance. Having a significant other translates into being more financially stable and statistics prove married drivers tend to have fewer serious accidents.
• Save money with excellent credit – An insured’s credit rating factor in calculating your insurance rates. Consumers who have high credit ratings tend to be less risk to insure as compared to drivers with poor credit scores. So if your credit leaves room for improvement, you could be paying less to insure your 2003 Mitsubishi Eclipse Spyder by repairing your credit.
• Better drivers pay better premiums – Being a careful driver impacts premiums far more than you think. Even a single moving violation can increase the cost of insurance twenty percent or more. Attentive drivers receive lower rates compared to drivers with tickets. Drivers who have received careless violations like DUI or willful reckless driving may need to prove financial responsibility with the DMV in their state in order to legally drive.
• Only buy add-on coverages you need – There are many optional add-on coverages that sound like a good idea at the time but may not be useful. Coverage for things like coverage for rental cars, accidental death, and additional equipment coverage may be costing you every month. These may sound like a good investment when deciding what coverages you need, but now you might not need them so think about removing them and cutting costs.

Get cheap insurance with discounts

Some providers don’t always publicize all possible discounts in an easy-to-find place, so we break down both well-publicized and the more hidden discounts you could be receiving when you buy auto insurance online.

• Accident Forgiveness Coverage – This isn’t a discount exactly, but a handful of insurance companies will turn a blind eye to one accident before hitting you with a surcharge if you have no claims before the accident.
• Discount for Multiple Policies – If you can bundle your homeowners and auto insurance and insure them both with the same insurance company you could earn a discount of as much as 10 to 15 percent.
• Mature Driver Discount – Older drivers may qualify for a discount up to 10% for Eclipse Spyder coverage.
• Discounts for Multiple Vehicles – Having more than one vehicle with one company qualifies for this discount.
• Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to fasten their seat belts may be able to save a few bucks off the medical payments premium.

A little disclaimer on discounts, many deductions do not apply to the entire cost. Most only reduce the price of certain insurance coverages like liability and collision coverage. Even though the math looks like you could get a free insurance policy, nobody gets a free ride.

A list of insurance companies and some of their more popular discounts are outlined below.

• Progressive policyholders can earn discounts including continuous coverage, online signing, homeowner, online quote discount, multi-policy, and good student.
• Farmers Insurance offers premium reductions for mature driver, multi-car, teen driver, electronic funds transfer, good student, homeowner, and distant student.
• Farm Bureau includes discounts for multi-policy, renewal discount, good student, driver training, and youthful driver.
• State Farm has savings for accident-free, multiple policy, passive restraint, good student, and driver’s education.
• Geico has discounts for good student, emergency military deployment, anti-theft, multi-policy, seat belt use, five-year accident-free, and federal employee.
• SAFECO may offer discounts for teen safety rewards, drive less, accident prevention training, multi-car, teen safe driver, anti-theft, and safe driver.
• Liberty Mutual may include discounts for new vehicle discount, teen driver discount, multi-car, new move discount, and newly retired.

Before you buy a policy, ask each insurance company which credits you are entitled to. Some credits may not be offered in every state.

Tailor your insurance coverage coverage to you

When choosing adequate coverage, there is no perfect coverage plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions may help highlight whether or not you could use an agent’s help.

• Do I need more liability coverage?
• Do I need PIP (personal injury protection) coverage in my state?
• Does my 2003 Mitsubishi Eclipse Spyder qualify for pleasure use?
• Does my insurance cover my expensive audio equipment?
• Do I need to file an SR-22 for a DUI in my state?
• Is my ex-spouse still covered by my policy?
• Am I covered when driving on a suspended license?
• Do I have coverage for damage caused while driving under the influence?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.

Coverage specifics

Learning about specific coverages of a insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average insurance policy.

Auto liability insurance – Liability coverage provides protection from injuries or damage you cause to other’s property or people that is your fault. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage protects against things such as medical expenses, loss of income and funeral expenses. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

Collision – Collision insurance covers damage to your Eclipse Spyder caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims such as rolling your car, damaging your car on a curb, scraping a guard rail, hitting a parking meter and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

UM/UIM Coverage – This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Mitsubishi Eclipse Spyder.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Comprehensive or Other Than Collision – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like falling objects, hitting a deer, hail damage, a broken windshield and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for expenses like surgery, EMT expenses, rehabilitation expenses and nursing services. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. It covers you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

The best insurance company isn’t always the cheapest

As you restructure your insurance plan, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where drivers have reduced liability coverage limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to find the BEST coverage for the lowest cost while not skimping on critical coverages.

We’ve covered many ways to reduce 2003 Mitsubishi Eclipse Spyder insurance rates online. The key thing to remember is the more you quote auto insurance, the better chance you’ll have of finding low cost auto insurance. You may be surprised to find that the best rates are with some of the smallest insurance companies. Regional companies may often insure only within specific states and give getter rates than their larger competitors like State Farm and Allstate.

More information can be found at the links below

• Collision Coverage (Liberty Mutual)
• How do I File a Claim? (Insurance Information Insitute)
• Get the Right Protection (InsureUonline.org)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Red Light Cameras (State Farm)