Cheaper 2012 Mitsubishi Eclipse Insurance Rates

Looking for lower insurance rates for your Mitsubishi Eclipse? Are you regretting buying an underperforming, overpriced insurance policy? You’re preaching to the choir because many drivers feel the same as you.

Due to the abundance of companies to choose from, it’s nearly impossible to pick a lower cost insurance company.

Buying affordable insurance coverage is easy if you know what you’re doing. Essentially every vehicle owner who has to buy insurance stands a good chance to be able to cut their insurance bill. Although vehicle owners must comprehend how companies price online insurance because it can help you find the best coverage.

Why your insurance rates might be higher

A large part of saving on insurance coverage is knowing a few of the rating criteria that help determine insurance coverage rates. If you know what determines premiums, this allows you to make good choices that can help you get lower insurance coverage prices. Many different elements are taken into consideration when premium rates are determined. Most are fairly basic like your driving record, although others are less apparent such as whether you are married or your financial responsibility.

• Insurance coverage lapses lead to higher premiums – Going without insurance can be a guaranteed way to trigger a rate increase. In addition to paying higher premiums, being ticketed for driving with no insurance might get you a steep fine or even jail time.
• Too many policy claims will drive rates up – Companies give better rates to insureds who do not file claims often. If you file claims often, you can definitely plan on increased rates or even have your policy non-renewed. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
• Improve your credit score – Your credit history can be a huge factor in determining your rates. Drivers with very high credit ratings tend to be better drivers and file fewer claims than drivers with bad credit. If your credit history can use some improvement, you could be paying less to insure your 2012 Mitsubishi Eclipse if you improve your credit rating.
• Vehicle theft costs us all – Purchasing a vehicle that has a built-in theft deterrent system can get you a discount on your insurance coverage. Anti-theft devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all help stop auto theft and help lower rates.
• Liability protection limits are a factor – Liability insurance kicks in if you are ruled to be at fault for causing damage or personal injury in an accident. This coverage provides legal defense up to the limits shown on your policy. Liability is cheap compared to other policy coverages, so do not cut corners here.
• Eliminate extra policy coverages – There are quite a few add-on coverages you can purchase if you don’t pay attention. Insurance for vanishing deductibles, accidental death, and motor club memberships may be costing you every month. The coverages may be enticing initially, but if they’re wasting money eliminate them to save money.
• Men pay more for car insurance – The statistics show females are less aggressive when driving. It does not mean men are worse drivers. Men and women cause accidents at a similar rate, but males tend to have higher claims. Men also receive more costly citations like reckless driving and DUI. Youthful male drivers have the highest risk to insure and therefore pay the highest rates.
• Single drivers take more risk – Walking down the aisle may earn you lower rates on your insurance coverage bill. Marriage demonstrates that you tend to be more mature and statistics show drivers who are married file infrequent claims.

Discounts to earn affordable auto insurance rates

Some insurance providers do not list every available discount very clearly, so the following is a list of a few of the more well known as well as some of the hidden auto insurance savings.

• Drivers Education – It’s a good idea to have your young drivers take driver’s ed class as it will make them better drivers and lower rates.
• Passenger Safety Discount – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of 20% or more.
• ABS Braking Discount – Vehicles that have steering control and anti-lock brakes are much safer to drive and the ABS can save up to 10%.
• Good Student Discount – Maintaining excellent grades can be rewarded with saving of up to 25%. Most companies allow this discount well after school through age 25.
• Accident Forgiveness Coverage – This one is not really a discount per se, but companies like Geico, Progressive, and Allstate will turn a blind eye to one accident before they charge you more for coverage with the catch being you have to be claim-free for a specific time period.

You can save money using discounts, but most discount credits are not given to the entire policy premium. A few only apply to specific coverage prices like liability, collision or medical payments. Despite the appearance that it’s possible to get free car insurance, you’re out of luck. Any amount of discount will lower your overall premium however.

Insurance companies who may offer most of the discounts above include:

• Geico
• MetLife
• Progressive
• Travelers
• SAFECO
• AAA

If you need lower rates, check with each company or agent how you can save money. Some of the discounts discussed earlier might not apply in your area. To see a list of providers that can offer you the previously mentioned discounts, click here.

Can you really save $438 a year?

Insurance coverage providers like State Farm and Allstate regularly use ads on TV and radio. All the ads have a common claim that drivers will save a bundle just by switching your policy. It sounds good, but how can they all charge you less for car insurance? Here is how they do it.

Many companies give the cheapest rates for the type of insured that will generate a profit. An example of a profitable customer might have to be married and over the age of 30, has no claims, and has excellent credit. A driver who fits those characteristics may get the lowest premium rates and will probably save quite a bit of money when switching.

Insureds who are not a match for these criteria will get higher prices and ends up with the customer buying from a different company. If you pay close attention to the ads, they say “drivers who switch” not “everyone that quotes” can get the lowest rates when switching. That’s why insurance companies can confidently make claims like that.

That is why drivers should get as many free auto insurance quotes as possible. Because you never know which insurance companies will have the lowest rates.

Tailor your insurance coverage coverage to you

When buying adequate coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Each situation is unique so your insurance needs to address that. For example, these questions may help you determine whether you would benefit from professional advice.

• When does my teenage driver need to be added to my policy?
• Does insurance cover tools stolen from my truck?
• What is the rate difference between pleasure use and commuting?
• How do I file an SR-22 for a DUI in my state?
• Are there companies who specialize in insuring high-risk drivers?
• Do I benefit by insuring my home with the same company?
• Do I pay less if my vehicle is kept in my garage?
• Why does it cost so much to insure a teen driver?
• How many claims can I have before being cancelled?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area.

Auto insurance coverage considerations

Having a good grasp of your auto insurance policy aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy. These are the normal coverages found on the average auto insurance policy.

Auto collision coverage

This coverage pays for damage to your Eclipse caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like scraping a guard rail, crashing into a ditch, colliding with a tree, colliding with another moving vehicle and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Normally these coverages are set the same as your liablity limits.

Medical payments coverage and PIP

Med pay and PIP coverage pay for expenses for surgery, chiropractic care and ambulance fees. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Auto liability

This provides protection from damage that occurs to a person or their property in an accident. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims like loss of income, pain and suffering, repair costs for stationary objects, medical expenses and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

Comprehensive coverage

This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as rock chips in glass, hitting a deer and falling objects. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Never pay more for less

As you restructure your insurance plan, it’s not a good idea to reduce needed coverages to save money. There are a lot of situations where an insured cut liability coverage limits to discover at claim time they didn’t have enough coverage. The proper strategy is to buy the best coverage you can find for the lowest price, not the least amount of coverage.

Cheaper 2012 Mitsubishi Eclipse insurance can be found on the web and from local agencies, so you should be comparing quotes from both to have the best rate selection. Some insurance companies may not offer online quoting and usually these smaller companies only sell coverage through independent agents.

Additional information

• Smart Auto Insurance Tips (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Young Drivers: The High Risk Years Video (iihs.org)
• Preventing Carjacking and Theft (Insurance Information Insitute)
• Child Safety Seats (Insurance Information Insitute)
• Rental Reimbursement Coverage (Allstate)