2002 Mitsubishi Eclipse Spyder Insurance Rates

Looking for the cheapest insurance rates for your Mitsubishi Eclipse Spyder? Tired of sacrificing other expenses to buy insurance? Your situation is no different than many other people.

Since you have so many insurance companies to choose from, it can be challenging to locate the right company.

Finding the best rates is quite easy. If you currently have car insurance, you will be able to save some money using this strategy. But consumers do need to understand the way companies sell online because it can help you find the best coverage.

Learn how to buy auto insurance cheaper

Multiple criteria are part of the calculation when premium rates are determined. Some factors are common sense such as your driving history, but other criteria are more obscure such as your marital status or your commute time.The best way to find cheaper auto insurance is to take a look at some of the factors that help determine your premiums. When consumers understand what determines premiums, this enables you to make decisions that can earn you lower premium levels.

The itemized list below are some of the most common factors used by your company to calculate premiums.

  • Younger drivers are expensive to insure – Older insureds are more cautious drivers, cause fewer claims and accidents , and are generally more financially stable.Inexperience drivers have a tendency to be more careless in a vehicle therefore auto insurance rates are much higher.
  • Premiums are affected by your credit rating – Having a bad credit score is a big factor in calculating your auto insurance rates. If your credit rating can use some improvement, you could save money insuring your 2002 Mitsubishi Eclipse Spyder by improving your rating. Drivers who have good credit tend to be more responsible and file fewer claims as compared to drivers with lower credit ratings.
  • Do thieves like your car? – Choosing to buy a car with advanced anti-theft systems can get you a discount on your auto insurance. Systems that thwart theives like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent auto theft.
  • More traffic means higher claims – Residing in a rural area has definite advantages when it comes to auto insurance. Lower population corresponds to lower accident rates in addition to lower liability claims Residents of big cities have to deal with more auto accidents and longer commute times. The longer drive time can result in more accidents.
  • Keep insurance claims to a minimum – If you are the type of insured that files lots of claims you can definitely plan on either higher rates or even cancellation. Companies provide cheaper rates to people that do not abuse their auto insurance. Your insurance policy is designed for claims that you cannot pay yourself.
  • The more you drive the more you pay – The more you drive in a year the higher the price you pay to insure it. Most companies charge to insure your cars based upon how you use the vehicle. Cars that do not get driven very much qualify for better rates than vehicles that are driven to work every day. It’s always a good idea to double check that your auto insurance policy is showing the proper vehicle usage. An improperly rated Eclipse Spyder may be costing you.
  • Cheaper auto insurance rates for prior coverage – Not having insurance is not a good idea and your next policy will cost more because you let your insurance lapse for non-payment. And not only will insurance be more expensive, failure to provide proof of insurance could earn you fines and jail time.
  • Reduce premiums by driving safer cars – Cars with high safety ratings can get you lower premiums. The safest vehicles help reduce the chance of injuries in an accident and lower rates of occupant injuries means lower claim amounts and lower rates for you. If your Mitsubishi earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.

Insurance coverage discounts are available to lower your rates

Car insurance companies don’t necessarily list every policy discount very well, so here is a list some of the best known and also the lesser-known discounts that may be available.

  • Auto/Life Discount – Not all companies offer life insurance, but some may give you a discount if you purchase a life policy as well.
  • E-sign Discounts – A few insurance companies provide a small discount for completing your application online.
  • Anti-lock Brake Discount – Cars and trucks that have anti-lock braking systems can avoid accidents so you can save 10 percent or more.
  • Discounts for Cautious Drivers – Drivers who avoid accidents can pay as much as 50% less on Eclipse Spyder coverage than less cautious drivers.
  • Federal Government Employee – Active or former government employment may qualify for a discount when you quote insurance on Eclipse Spyder coverage but check with your company.
  • Defensive Driver – Passing a course teaching defensive driving skills could possibly earn you a 5% discount and also improve your driving technique.
  • Payment Method – If you pay your entire premium ahead of time rather than spreading payments over time you can avoid monthly service charges.
  • Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.

You should keep in mind that most discount credits are not given to your bottom line cost. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like it’s possible to get free car insurance, nobody gets a free ride.

Popular insurance coverage companies and their possible discounts are:

  • 21st Century offers premium reductions for good student, student driver, early bird, defensive driver, and automatic seat belts.
  • State Farm includes discounts for multiple policy, passive restraint, safe vehicle, Steer Clear safe driver discount, driver’s education, multiple autos, and Drive Safe & Save.
  • AAA offers discounts including education and occupation, anti-theft, AAA membership discount, multi-car, good driver, multi-policy, and pay-in-full.
  • Liberty Mutual has savings for new vehicle discount, preferred payment discount, teen driver discount, newly retired, exclusive group savings, and multi-car.
  • Progressive may have discounts that include homeowner, online quote discount, good student, multi-vehicle, and online signing.

Before you buy a policy, ask all the companies to give you their best rates. Depending on the company, some discounts might not be offered in your area. If you would like to choose from a list of insurers with discount insurance coverage rates, follow this link.

Save 15 percent in 15 minutes? Is it for real?

Companies like Progressive, Allstate and Geico endlessly run television and radio advertisements. All the ads state the claim about savings after switching to their company. But how can every company claim to save you money? This is how they do it.

Insurance companies offer their best rates for the type of driver that will be a good risk. For instance, this type of driver might be a female over age 40, has no prior claims, and the vehicle is rated for pleasure use. Any new insured that matches those criteria receive the lowest rate quotes and as a result will probably save when they switch companies.

People who cannot meet these criteria may be required to pay higher rates which translates to the driver buying from a lower-cost company. The trick is to say “drivers that switch” but not “everyone who gets a quote” save that kind of money. That’s the way companies can lure you into getting a quote. Each company has different criteria, so drivers must do a price quote comparison at every renewal. It’s not possible to predict which insurance companies will have the lowest rate quotes.

Everyone needs different insurance coverages

When it comes to buying the right insurance coverage, there is no one size fits all plan. Everyone’s situation is a little different and your policy should reflect that. Here are some questions about coverages that may help you determine if your situation might need an agent’s assistance.

  • Does my liability insurance cover pulling a trailer or camper?
  • How do I file an SR-22 for a DUI in my state?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Is my teen driver covered when they drive my company car?
  • Is rental equipment covered for theft or damage?
  • Do I need PIP coverage since I have good health insurance?
  • How high should my medical payments coverage be?
  • Is a blown tire covered by insurance?
  • How do I buy GAP insurance?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Car insurance coverages 101

Understanding the coverages of your policy helps when choosing the best coverages for your vehicles. Car insurance terms can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages found on most car insurance policies.

Collision – This pays for damage to your Eclipse Spyder caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as colliding with a tree, backing into a parked car, rolling your car, colliding with another moving vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision – This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as hitting a bird, hail damage, vandalism and a broken windshield. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Auto liability insurance – Liability coverage provides protection from damages or injuries you inflict on a person or their property in an accident. It protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things like medical expenses, repair costs for stationary objects and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

Medical costs insurance – Med pay and PIP coverage pay for immediate expenses for things like X-ray expenses, chiropractic care, prosthetic devices and pain medications. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Mitsubishi Eclipse Spyder.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Don’t break the bank

As you go through the steps to switch your coverage, don’t be tempted to skimp on coverage in order to save money. There have been many cases where an insured cut liability coverage limits and discovered at claim time they didn’t purchase enough coverage. Your goal is to get the best coverage possible at an affordable rate, but do not sacrifice coverage to save money.

We just presented many ideas to compare 2002 Mitsubishi Eclipse Spyder insurance rates online. It’s most important to understand that the more rate quotes you have, the better likelihood of getting cheaper insurance. You may be surprised to find that the lowest rates come from some of the smallest insurance companies. They can often provide lower auto insurance rates in certain areas than the large multi-state companies such as Allstate or State Farm.

Additional car insurance information is available on the following sites: