Save on 2008 Mitsubishi Eclipse Car Insurance Rates

Nobody I know anticipates paying for auto insurance, especially knowing their premiums are through the roof.

Lots of car insurance companies contend for your hard-earned dollar, and because of this it can be hard to compare insurance companies to get the lowest rate possible.

If you currently have car insurance, you will be able to save some money using this information. Buying car insurance is easy if you know what you’re doing. But drivers must know how the larger insurance companies determine prices and apply this information to your search.

The cheapest insurance quotes online

Most companies allow consumers to get coverage prices directly from their websites. Comparing prices online is very simple as you just enter as requested by the quote form. When complete, the system will order your driving record and credit report and generates a price. Being able to quote online simplifies rate comparisons, but the work required to visit several different sites and fill out multiple forms gets old quite quickly. But it’s necessary to get many rate quotes if you want to get better insurance pricing.

The preferred way to locate the lowest prices uses one simple form that obtains quotes from more than one company. It’s a real time-saver, reduces the work, and makes comparison shopping much simpler. Immediately after you send the form, it is rated and you are able to buy any one of the quotes returned.

If a lower price is quoted, you can simply submit the application and buy the new coverage. The entire process takes just a few minutes to complete and you will find out if you’re overpaying now.

To get comparison pricing now, click here and submit the form. To compare your current rates, we recommend you duplicate the coverages as close as possible to your current policy. This way, you are getting rate comparison quotes based on identical coverages.

Save with these discounts

Some insurance providers don’t always advertise the complete list of policy discounts in an easy-to-find place, so the next list breaks down both the well known and also the more inconspicuous discounts that you can inquire about if you buy auto insurance online. If you do not double check each discount possible, you’re just leaving money on the table.

• Pay Upfront and Save – By making one initial payment instead of monthly or quarterly installments you could save 5% or more.
• Policy Bundle Discount – If you can bundle your homeowners and auto insurance and place coverage with the same company you could save approximately 10% to 15%.
• Driver Training Discounts – Participating in a class that teaches driver safety techniques could cut 5% off your bill and make you a better driver.
• Save with More Vehicles Insured – Buying insurance for primary and secondary vehicles with the same car insurance company can get a discount for every vehicle.
• Senior Citizen Discount – If you’re over the age of 55, you can get lower premium rates for Eclipse insurance.
• Discounts for Cautious Drivers – Drivers who don’t get into accidents can pay as much as 50% less for Eclipse insurance compared to accident prone drivers.

A little note about advertised discounts, most credits do not apply to your bottom line cost. Most only apply to specific coverage prices like liability, collision or medical payments. If you do the math and it seems like all those discounts means the company will pay you, it just doesn’t work that way.

Some of the larger companies that may offer policyholders these money-saving discounts may include but are not limited to:

• Geico
• Travelers
• Farm Bureau
• Liberty Mutual
• American Family
• Progressive

If you want the cheapest auto insurance quotes, ask every prospective company what discounts are available to you. Some discounts listed above may not apply to policies in your area. To see a list of companies with the best car insurance discounts, click here.

How insurance providers calculate Mitsubishi Eclipse insurance rates

Consumers need to have an understanding of the factors that come into play when calculating the price you pay for car insurance. When you understand what impacts premium levels, this allows you to make good choices that can help you get lower car insurance prices.

The factors shown below are some of the major factors utilized by car insurance companies to help set prices.

• Five star safety rating saves money – Vehicles that have high safety ratings are cheaper to insure. Safe vehicles help reduce the chance of injuries in an accident and reduced instances of injuries means your insurance company pays less which can mean better rates for you. If your Mitsubishi Eclipse has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
• Drive lots and pay more – The higher the miles on your Mitsubishi in a year’s time the higher the price you pay to insure it. Many insurance companies rate vehicles determined by how the vehicle is used. Cars used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. It’s a good idea to make sure your car insurance declarations sheet is rated on how each vehicle is driven. Having an incorrect usage rating on your Eclipse is throwing money out the window.
• Does your job cost you more? – Do you work in a high-stress field? Occupations like fire fighterspolice officers and accountants usually pay the highest rates because of intense work-related stress and incredibly demanding work hours. On the flip side, jobs such as scientists, engineers and retirees generally pay rates lower than average for Eclipse insurance.
• A coverage lapse can increase premiums – Driving without insurance is against the law and companies may charge more for letting your insurance lapse for non-payment. In addition to paying higher premiums, being ticketed for driving with no insurance will get you a fine, jail time, or a revoked license. You will then be forced to prove you have insurance by filing a SR-22 with your state DMV.
• Multiple policies with one company – Many car insurance companies allow discounts to policyholders who buy several policies from them in the form of a multi-policy discount. Even if you already get this discount, it’s still a good idea to shop around to ensure the best deal. It’s possible to still find lower rates by buying from different companies
• Urban residents pay more – Being located in a small town has it’s advantages when buying car insurance. Drivers who live in large cities have more traffic problems and longer commutes to work. Less people living in that area means reduced accidents in addition to lower liability claims
• Avoid tickets and save – Attentive drivers pay less for auto insurance than bad drivers. Even a single ticket may cause rates to rise forty percent or more. Drivers with dangerous tickets like reckless driving or DUI may need to maintain a SR-22 with their state DMV in order to prevent their license from being revoked.

Special considerations

When it comes to buying the right insurance coverage, there is no single plan that fits everyone. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that can help discover if you would benefit from professional advice.

• Is extra glass coverage worth it?
• Do I pay less for low miles?
• Is my custom paint covered by insurance?
• Should I waive the damage coverage when renting a car?
• Do I need higher collision deductibles?
• Do I need motorclub coverage?
• Does my policy cover me when driving someone else’s vehicle?
• When should I remove comp and collision on my 2008 Mitsubishi Eclipse?
• Should I buy more coverage than the required minimum liability coverage?
• What is UM/UIM insurance?

If you can’t answer these questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Big brands don’t always mean big savings

Insurance providers like Allstate, Geico and Progressive regularly use ads in print and on television. They all try to convey promises that drivers can save some big amount if you switch to them. That’s great but how can every company give you a lower rate? This is how they do it.

All companies have an ideal profile for the type of driver that will most likely be profitable. One example of a desirable risk may need to be between the ages of 30 and 50, has no claims, and chooses high deductibles. Anyone who meets those qualifications will get the preferred car insurance rates and as a result will probably save money with a new company.

People who fall short of this stringent profile may be forced to pay a higher premium and this can result in the driver buying from a lower-cost company. If you pay attention, the ads say “people who switch” not “everyone that quotes” save that much when switching. That is how insurance companies can advertise the savings.

Because each company has a different risk profile, it is so important to get auto insurance quotes as often as possible. Because you cannot predict with any certainty which company will have the best car insurance rates at this point in time.

Coverages available on your policy

Learning about specific coverages of your policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find typical coverage types found on the average car insurance policy.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as theft, a tree branch falling on your vehicle, damage from a tornado or hurricane and damage from flooding. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Auto collision coverage

Collision insurance covers damage to your Eclipse caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like driving through your garage door, hitting a mailbox, crashing into a ditch and sideswiping another vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.

Liability

Liability insurance will cover damage or injury you incur to a person or their property in an accident. It protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers things like bail bonds, attorney fees, repair bills for other people’s vehicles and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for things like funeral costs, doctor visits, pain medications, nursing services and X-ray expenses. They are often used to fill the gap from your health insurance program or if you do not have health coverage. It covers all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these coverages are identical to your policy’s liability coverage.

The bottom line

We just presented a lot of tips how to reduce 2008 Mitsubishi Eclipse insurance premium rates online. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. Drivers may discover the biggest savings come from some of the lesser-known companies. They may cover specific market segments cheaper as compared to the big name companies such as Progressive or Geico.

As you quote auto insurance, never buy lower coverage limits just to save a few bucks. There have been many cases where an accident victim reduced physical damage coverage only to find out that they should have had better coverage. Your goal should be to buy the best coverage you can find at the best price, but don’t skip important coverages to save money.

Additional detailed information can be read by following these links:

• Teen Driving and Texting (State Farm)
• What is a Telematics Device? (Allstate)
• Auto Insurance Learning Center (State Farm)
• Avoiding Deer Collisions (Insurance Information Insitute)