View 2003 Mitsubishi Galant Insurance Cost

Have you fallen victim to an underperforming, overpriced car insurance policy? Say no more because many drivers have buyer’s remorse.

Big companies like Geico and Progressive persitently shower you with catchy ads and it is difficult to see past the corporate glitz and effectively compare rates to find the best deal.

If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using this information. Finding the best rates is quite easy. Although car owners can benefit by having an understanding of the way companies sell insurance online and use this information to your advantage.

Take advantage of these discounts

Auto insurance is neither fun to buy or cheap, but there are discounts available to help bring down the price. Some trigger automatically at the time of quoting, but a few must be specially asked for before you will receive the discount. If you aren’t receiving every discount possible, you’re paying more than you need to.

• College Student – Any of your kids who live away from home to go to college and leave their car at home may be able to be covered for less.
• Good Driver Discount – Drivers who don’t get into accidents can pay as much as 50% less on Galant insurance than drivers with accident claims.
• No Claims – Drivers who don’t have accidents pay much less in comparison with insureds who have frequent claims or accidents.
• Organization Discounts – Joining qualifying clubs or civic groups may earn a discount on your next auto insurance statement.
• Early Renewal Discounts – Select auto insurance companies give a discount for renewing your policy prior to the expiration date on your current policy. It can save you around 10%.
• Service Members Pay Less – Being deployed with a military unit may lower your premium rates slightly.
• Anti-theft System – Vehicles equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and will save you 10% or more.
• Air Bags and Passive Restraints – Factory air bags and/or automatic seat belt systems can qualify for discounts as much as 30%.
• Good Students Pay Less – This discount can get you a discount of up to 25%. Many companies even apply the discount to college students up to age 25.
• ABS and Traction Control Discounts – Vehicles equipped with ABS or steering control are much safer to drive and therefore earn up to a 10% discount.

Keep in mind that most of the big mark downs will not be given to the entire cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, you won’t be that lucky.

A list of companies and some of the premium reductions they offer can be found below.

• Travelers may have discounts that include home ownership, early quote, continuous insurance, new car, good student, and hybrid/electric vehicle.
• 21st Century may include discounts for anti-lock brakes, good student, driver training, defensive driver, early bird, and homeowners.
• State Farm offers premium reductions for multiple policy, good student, anti-theft, student away at school, passive restraint, and good driver.
• Geico has savings for membership and employees, federal employee, daytime running lights, military active duty, seat belt use, anti-lock brakes, and multi-vehicle.
• SAFECO has discounts for multi-car, homeowner, drive less, anti-lock brakes, bundle discounts, and safe driver.
• AAA discounts include good driver, AAA membership discount, multi-policy, education and occupation, anti-theft, multi-car, and pay-in-full.

When quoting, ask all the companies which discounts can lower your rates. A few discounts may not apply to policies in your area. If you would like to choose from a list of auto insurance companies that offer discounts, click here to view.

Special considerations

When choosing the best insurance coverage coverage, there isn’t really a single plan that fits everyone. Each situation is unique and your policy should reflect that. Here are some questions about coverages that can aid in determining if your situation could use an agent’s help.

• Where can I find DUI or SR-22 insurance?
• How much liability do I need to cover my assets?
• Is business property covered if stolen from my car?
• Do I have any recourse if my insurance company denies a claim?
• Do I have newly-aquired coverage?
• Is my 2003 Mitsubishi Galant covered for smoke damage?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Can switching companies really save?

Big name companies like State Farm, Geico and Progressive continually stream ads on TV and radio. They all say the same thing that people will save if you move your insurance coverage coverage to their company. How do they all cost less than your current company? Here is the trick they use.

Insurance providers quote the lowest rates for the type of driver that will be a good risk. For example, this type of insured may be between the ages of 30 and 45, has other policies, and drives less than 10,000 miles a year. Any new insured that fits those parameters will get a cheap rate quote and will save a lot if they switch.

Insureds who cannot meet these standards will probably have to pay higher prices and the customer not buying. If you listen to the ad wording, they say “drivers that switch” but not “everyone who gets a quote” save that much when switching. That’s the way insurance companies can make claims like that.

Because each company has a different risk profile, you need to do a quote comparison often. It’s just too difficult to predict the company that will have the lowest rate quotes.

Auto insurance 101

Understanding the coverages of your policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverages available from car insurance companies.

Collision protection

This coverage pays for damage to your Galant from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like crashing into a ditch, crashing into a building and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like ambulance fees, EMT expenses, doctor visits, dental work and chiropractic care. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible

Liability car insurance

This coverage can cover damages or injuries you inflict on other’s property or people in an accident. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 which means $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Occasionally you may see a combined limit which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against things such as loss of income, pain and suffering, repair bills for other people’s vehicles and structural damage. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and damage to your Mitsubishi Galant.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive protection

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as vandalism, damage from flooding, hail damage and a broken windshield. The highest amount your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

The best insurance company isn’t always the cheapest

You just learned a lot of tips how to compare 2003 Mitsubishi Galant insurance auto insurance rates online. It’s most important to understand that the more providers you compare, the better likelihood of getting cheaper car insurance. Consumers could even find that the lowest priced car insurance comes from a small local company. They may cover specific market segments cheaper as compared to the big name companies such as State Farm, Geico and Nationwide.

When searching for cheap car insurance quotes, make sure you don’t buy lower coverage limits just to save a few bucks. In many cases, someone dropped full coverage only to regret that their decision to reduce coverage ended up costing them more. The proper strategy is to buy a smart amount of coverage for the lowest price, but do not sacrifice coverage to save money.

The cheapest 2003 Mitsubishi Galant insurance can be bought from both online companies as well as from independent agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies may not have online quoting and most of the time these smaller companies prefer to sell through local independent agencies.

Helpful information

• Airbag FAQ (iihs.org)
• Young Drivers: The High Risk Years Video (iihs.org)
• Anti-Lock Brake FAQ (iihs.org)
• Uninsured Motorist Statistics (Insurance Information Insitute)