2014 Mitsubishi i-MiEV Insurance Rates

Want cheaper car insurance rates for your Mitsubishi i-MiEV? There isn’t anyone who likes buying car insurance, especially when they are aware that the cost is too high.

Insurance companies such as State Farm and Geico all claim big savings with advertising and it is difficult to see past the corporate glitz and do the work needed to find the best deal.

If you are paying for car insurance now, you will be able to save some money using these techniques. Buying car insurance is easy if you know what you’re doing. But car owners do need to understand the methods companies use to sell insurance online and apply this information to your search.

Educated choices result in lower insurance premiums

Many different elements are part of the equation when quoting car insurance. Some factors are common sense such as traffic violations, although some other factors are more obscure like your continuous coverage or your financial responsibility.

Shown below are some of the factors used by insurance companies to determine your premiums.

• Extra coverages you don’t need – Policies have additional coverages that can waste your money but may not be useful. Coverages for replacement cost coverage, accidental death, and term life insurance are probably not needed. These may sound like a good investment when talking to your agent, but if they’re wasting money remove them and pocket the money.
• Lower stress equals lower insurance rates – Did you know your occupation can influence how much you pay for insurance? Occupations like fire fighterspolice officers and miners usually pay higher rates than average attributed to job stress and long work hours. Conversely, professions such as actors, engineers and retirees pay lower than average rates for i-MiEV coverage.
• Cheaper rates by combining – Many insurance companies afford lower prices to buyers who carry more than one policy. It’s known as a multi-policy discount. Even with this discount, you still need to shop around to ensure the best deal. It’s possible to still find better rates even if you have your coverage with different companies
• Don’t get traffic citations – Even a single moving violation can increase the cost of insurance by as much as thirty percent. Attentive drivers pay lower auto insurance prices compared to drivers with tickets. Drivers who get multiple tickets like DUI or reckless driving may find that they have to to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to drive a vehicle legally.

Compare auto insurance quotes

There are multiple methods to shop for auto insurance, but one way is less labor-intensive and much quicker. You can spend countless hours discussing policy coverages with local insurance agents in your area, or you can stay home and use online quoting to maximize your effort.

Most car insurance companies enroll in a system that allows shoppers to enter their coverage request one time, and every company can give them a price for coverage. This saves time by eliminating quote forms to each company. To compare rates now click to open in new window.

The only drawback to comparing rates this way is you don’t know exactly which carriers to receive prices from. If you wish to select individual companies for rate comparison, we have a page of companies who write auto insurance in your area. Click here to view list.

The approach you take is up to you, just compare identical coverage limits on every quote. If the quotes have different values for each quote it will be very difficult to make an equal comparison. Slightly different coverages could throw off the whole comparison. It’s important to know that making a lot of price comparisons helps improve the odds of finding more affordable rates.

Insurance advertising tricks

Companies like Allstate, Geico and Progressive consistently run ads on TV and radio. All the ads seem to make the promise that people will save after switching your car insurance coverage to their company. Is it even possible that every company can offer you a better deal? This is the way they can do it.

Insurance providers quote the lowest rates for the type of driver that makes them money. For instance, this type of insured could be over the age of 45, insures multiple vehicles, and drives a car with an anti-theft system. A customer getting a price quote that hits that “sweet spot” will get very good premium rates and most likely will save money with a new company.

Potential insureds who fall short of these stringent criteria will see more expensive rates which results in the customer buying from a different company. The ads state “people that switch” not “everyone who quotes” save the amount stated. That’s the way insurance companies can advertise the savings.

Because of these techniques, it’s extremely important to do a price quote comparison at every renewal. It is impossible to guess which company will provide the lowest auto insurance rates.

Affordable auto insurance quotes with discounts

Auto insurance can be pricey, but companies offer discounts that many consumers don’t even know exist. Certain discounts will be applied when you quote, but lesser-known reductions have to be inquired about before being credited.

• Telematics Devices – Policyholders that allow their insurance company to analyze when and where they use their vehicle remotely like Allstate’s Drivewise may get a rate reduction if they exhibit good driving behavior.
• Seat Belt Usage – Forcing all vehicle occupants to buckle up can save a little off the personal injury premium cost.
• Theft Deterent System – Vehicles that have factory anti-theft systems are less likely to be stolen and will qualify for a discount on a auto insurance quote.
• Multi-line Discount – Auto insurance companies who offer life insurance give better auto insurancerates if you take out some life insurance too.
• Government Employee Discount – Active or retired federal employment can earn a discount up to 10% for i-MiEV coverage with certain companies.

Drivers should understand that most discounts do not apply to the entire policy premium. Most only apply to individual premiums such as liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, insurance companies wouldn’t stay in business. Any qualifying discounts should help reduce your policy premiums.

Some of the larger companies that may offer these money-saving discounts include:

• Mercury Insurance
• Farmers Insurance
• Farm Bureau
• State Farm
• Allstate
• Geico

Before purchasing a policy, check with each company which credits you are entitled to. Depending on the company, some discounts might not apply in your area. To find auto insurance companies who offer online auto insurance quotes, click here to view.

Tailor your insurance coverage coverage to you

When it comes to buying the best insurance coverage coverage, there really is not a “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. For instance, these questions could help you determine whether your personal situation will benefit from professional help.

• What should my uninsured motorist coverage limits be in my state?
• Are my friends covered when driving my 2014 Mitsubishi i-MiEV?
• Should I have a commercial auto policy?
• What is the difference between comprehensive and collision coverage?
• Should I buy additional glass protection?
• How do I insure my teen driver?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Specific coverage details

Having a good grasp of your policy helps when choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and reading a policy is terribly boring. These are typical coverage types available from insurance companies.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Mitsubishi i-MiEV.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Normally the UM/UIM limits are similar to your liability insurance amounts.

Auto liability

This will cover damage that occurs to people or other property. It protects YOU from claims by other people, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as repair costs for stationary objects, medical expenses, bail bonds, funeral expenses and legal defense fees. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Collision protection

This coverage covers damage to your i-MiEV caused by collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like hitting a parking meter, hitting a mailbox, rolling your car and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible in order to get cheaper collision rates.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses such as prosthetic devices, hospital visits and chiropractic care. They are often used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible

Comprehensive coverages

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like rock chips in glass, hail damage and hitting a bird. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

A penny saved is a penny earned

When searching for low cost auto insurance quotes, do not buy less coverage just to save a little money. In too many instances, someone dropped liability coverage limits and learned later that their decision to reduce coverage ended up costing them more. The aim is to buy a smart amount of coverage at the best cost but still have enough coverage for asset protection.

Cheaper auto insurance is definitely available from both online companies and from local insurance agents, so you need to quote auto insurance with both to have the best chance of lowering rates. A few companies may not offer rates over the internet and most of the time these smaller providers work with independent agents.

More detailed auto insurance information can be read at these sites:

• What is Covered by GAP Insurance? (Allstate)
• Understanding Car Crashes Video (iihs.org)
• Five Mistakes to Avoid (Insurance Information Insitute)
• A Tree Fell on Your Car: Now What? (Allstate)