1991 Mitsubishi Precis Car Insurance Cost – 9 Savings Tips

Consumers have a choice when looking for affordable Mitsubishi Precis insurance. They can either spend hours driving around trying to get quotes or use the internet to get rate quotes.

There is a better way to shop for auto insurance so you’re going to learn the absolute fastest way to price shop coverage for a Mitsubishi and find the lowest price from local insurance agents and online providers.

Insurance policy discounts

Insurance is neither fun to buy or cheap, but you can get discounts that many consumers don’t even know exist. Certain credits will be shown at the time of purchase, but a few must be inquired about prior to getting the savings.

  • Safety Restraint Discount – Forcing all vehicle occupants to buckle their seat belts can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
  • Accident Forgiveness Coverage – Not a discount per se, but some insurance companies permit an accident before they charge you more for coverage with the catch being you have to be claim-free for a specific time period.
  • Multi-policy Discount – If you have multiple policies with one insurance company you may save approximately 10% to 15%.
  • Payment Method – By making one initial payment instead of making monthly payments you can avoid monthly service charges.
  • Driver Safety – Completing a defensive driving class could cut 5% off your bill if your company offers it.
  • Telematics Data – Drivers who elect to allow their insurance company to spy on driving patterns by using a telematics device such as State Farm’s In-Drive may get a rate reduction if they have good driving habits.
  • Discounts for Multiple Vehicles – Drivers who insure several vehicles with the same insurance company could earn a price break for each car.
  • Safe Driver Discounts – Safe drivers could pay up to 40% less on Precis insurance compared to accident prone drivers.
  • E-sign – Many companies will give you a small discount for buying a policy and signing up on your computer.

Policy discounts save money, but most of the big mark downs will not be given to the entire cost. Some only reduce specific coverage prices like liability and collision coverage. Even though it may seem like having all the discounts means you get insurance for free, companies don’t profit that way.

Larger insurance companies and some of the discounts are included below.

  • Farmers Insurance offers discounts including youthful driver, teen driver, early shopping, pay in full, good student, switch companies, and bundle discounts.
  • State Farm offers premium reductions for accident-free, multiple autos, anti-theft, driver’s education, Drive Safe & Save, and student away at school.
  • Liberty Mutual may offer discounts for new graduate, teen driver discount, newly married, hybrid vehicle, and newly retired.
  • MetLife includes discounts for defensive driver, good driver, claim-free, multi-policy, good student, and accident-free.
  • Progressive has savings for multi-policy, online signing, continuous coverage, good student, and homeowner.

It’s a good idea to ask every prospective company the best way to save money. Some of the discounts discussed earlier might not be offered in every state. If you would like to choose from a list of insurance companies with significant discounts, follow this link.

How do I know if I need professional advice?

When choosing proper insurance coverage, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions might help in determining whether or not you will benefit from professional help.

  • Is my custom paint covered by insurance?
  • Should I buy full coverage?
  • Does my policy cover my teen driver if they drive my company car?
  • Am I better off with higher deductibles on my 1991 Mitsubishi Precis?
  • Is extra glass coverage worth it?
  • Am I covered if I wreck a rental car?
  • I have a DUI can I still get coverage?
  • What is the minimum liability in my state?
  • Will filing a claim cost me more?

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 agent. If you don’t have a local agent, complete this form. It’s fast, free and you can get the answers you need.

Insurance policy specifics

Understanding the coverages of your insurance policy helps when choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability coverages

This coverage protects you from damage that occurs to other’s property or people by causing an accident. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability insurance covers things such as medical expenses, repair costs for stationary objects, pain and suffering, loss of income and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but buy as large an amount as possible.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for bills for things like hospital visits, chiropractic care, surgery and rehabilitation expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Collision protection

Collision insurance covers damage to your Precis resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as colliding with another moving vehicle, scraping a guard rail and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like falling objects, vandalism, hail damage, hitting a bird and damage from flooding. The most your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Smart shoppers get results

As you go through the steps to switch your coverage, it’s a bad idea to reduce needed coverages to save money. Too many times, consumers will sacrifice liability limits or collision coverage and learned later that the few dollars in savings costed them thousands. Your strategy should be to purchase plenty of coverage for the lowest price, but do not sacrifice coverage to save money.

Throughout this article, we presented many ideas to reduce 1991 Mitsubishi Precis insurance premium rates online. The most important thing to understand is the more price quotes you have, the better likelihood of getting affordable insurance coverage. You may be surprised to find that the most savings is with some of the lesser-known companies.

Insureds change insurance companies for any number of reasons including high rates after DUI convictions, lack of trust in their agent, unfair underwriting practices or questionable increases in premium. Whatever your reason, choosing a new insurance company is not as hard as you think.

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