2000 Mitsubishi Montero Insurance Rates – 9 Savings Tips

Are you tired of sacrificing other expenses to pay your insurance coverage bill each month? You’re in the same situation as the majority of other vehicle owners. Insurance companies such as Geico, Farmers Insurance and State Farm increase brand awareness with ads and it can be hard to see past the corporate glitz and take the time to shop coverage around.

Insurance coverage rates and discounts

Insuring your fleet can be pricey, but there could be available discounts that can drop the cost substantially. Larger premium reductions will be automatically applied when you get a quote, but once in a while a discount must be asked for before they will apply.

  • Homeowners Pay Less – Simply owning a home may trigger a policy discount on insurance coverage since home ownership is proof that your finances are in order.
  • Accident Forgiveness Coverage – Not really a discount, but certain companies allow you one accident without getting socked with a rate hike if you are claim-free prior to the accident.
  • Paperwork-free – Some of the larger companies will discount your bill up to fifty bucks for buying your policy on the internet.
  • Claim-Free Discount – Drivers with accident-free driving histories are rewarded with significantly better rates on auto insurance quote when compared to policyholders that have many claims.
  • Include Life Insurance and Save – Larger insurance companies have lower premium rates if you buy a life policy as well.
  • Driving Data Discount – Drivers that enable their insurance company to analyze driving manner by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if their driving habits are good.
  • Federal Government Employee – Being employed by or retired from a federal job could cut as much as 10% off on Montero coverage but check with your company.
  • Full Payment Discount – If you pay your bill all at once instead of paying each month you could save up to 5%.
  • New Car Discount – Insuring a vehicle that is new can be considerably cheaper due to better safety requirements for newer models.

Please keep in mind that most discounts do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like it’s possible to get free car insurance, you’re out of luck.

Companies who may offer most of the discounts above are:

Before buying, ask each insurance company which discounts you may be entitled to. A few discounts may not apply to policyholders in your area. To view insurers who offer free insurance coverage quotes, click here.

Situations that may require an agent’s advice

When choosing the best car insurance coverage for your personal vehicles, there really is no best way to insure your cars. Every insured’s situation is different and your policy should reflect that. For example, these questions might point out whether you might need an agent’s assistance.

  • Should I get collision insurance on every vehicle?
  • What should my uninsured motorist coverage limits be in my state?
  • Am I covered when delivering products for my home-based business?
  • Can I still get insurance after a DUI?
  • Am I covered if I crash into my own garage door?
  • When should I buy a commercial auto policy?
  • Is my 2000 Mitsubishi Montero covered for flood damage?
  • Is motorclub coverage worth it?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Tricks in auto insurance advertising

Drivers can’t ignore all the ads that claim the best rates from the likes of State Farm, Allstate and Geico. They all seem to make the point that people will save if you change your coverage to them.

How can each company lower your rates? It’s all in the numbers.

Auto insurance companies look for specific characteristics for the type of customer that will not have excessive claims. For example, a preferred risk should be a mature driver, has few claims, and drives a car with an anti-theft system. Someone who matches those parameters will qualify for the lowest prices and as a result will probably save a lot if they switch.

Consumers who may not quite match those criteria may be forced to pay more expensive rates and ends up with the customer buying from someone else. The trick is to say “people that switch” not “all people who quote” save that much. That’s why insurance companies can make the claims of big savings.

Because every company is different, you should get price quotes at each policy renewal. It is just not possible to predict which insurance companies will have the best rates at this point in time.

Specific coverage details

Having a good grasp of your policy aids in choosing which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverage types found on the average auto insurance policy.

Collision protection

This pays for damage to your Montero caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things like backing into a parked car, scraping a guard rail, colliding with a tree and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also increase the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mitsubishi Montero.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these limits are identical to your policy’s liability coverage.

Medical payments coverage and PIP

Med pay and PIP coverage pay for short-term medical expenses for pain medications, rehabilitation expenses, chiropractic care, surgery and ambulance fees. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. It covers you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive coverage

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hitting a deer, hitting a bird, damage from flooding, a tree branch falling on your vehicle and a broken windshield. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Auto liability insurance

Liability insurance protects you from injuries or damage you cause to other’s property or people in an accident. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as court costs, bail bonds, emergency aid and repair costs for stationary objects. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Best coverage at the best price

While you’re price shopping online, it’s very important that you do not sacrifice coverage to reduce premiums. Too many times, an insured dropped collision coverage only to regret at claim time that the few dollars in savings costed them thousands. The ultimate goal is to get the best coverage possible at the best cost and still be able to protect your assets.

We just showed you a lot of ways to compare 2000 Mitsubishi Montero insurance rates online. The key concept to understand is the more quotes you get, the better your comparison will be. You may be surprised to find that the best price on insurance is with some of the lesser-known companies. Regional companies may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate or State Farm.

Additional information can be read at the links below