Cheaper 2004 Mitsubishi Eclipse Insurance Rates

Did you make the mistake of buying an overpriced insurance policy? Believe me, there are lots of people in the same boat. Big-name insurance companies like Allstate, Liberty Mutual and State Farm promote their brand names with ad campaigns and it is challenging if not impossible to ignore the propoganda and do the work needed to find the best deal.

If you have insurance now or are shopping for new coverage, you can use these tips to find better prices while maintaining coverages. Choosing the best insurance company for you is quite easy. Drivers only need an understanding of the most efficient way to get comparison rates online.

How to lower your insurance prices

Lots of things are used when you quote your car insurance policy. Most are fairly basic such as your driving history, but others are not quite as obvious like where you live or how financially stable you are.

  • Where you live factors in – Residing in less populated areas of the country has it’s advantages when shopping for auto insurance. Fewer drivers and short commutes means fewer accidents. People in densly populated areas have to deal with traffic congestion and more severe claims. More time commuting means more chance of being in an accident.
  • Save money by having excellent credit – Your credit score factor in determining what you pay. If your credit score can be improved, you could pay less to insure your 2004 Mitsubishi Eclipse by repairing your credit. Consumers who have high credit ratings tend to be less risk to insure than drivers with bad credit.
  • Better premiums for continuous coverage – Driving with no insurance can get your license suspended and any future policy may cost more because you let your insurance coverage expire. And not only will insurance be more expensive, failure to provide proof of insurance could earn you a fine, jail time, or a revoked license.
  • Discounts for theft deterrents – Purchasing a vehicle that has an advanced theft prevention system can earn a premium discount. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help prevent your car from being stolen.
  • Reserve claims for larger damages – If you’re an insured who likes to file claims you can pretty much guarantee either higher rates or even cancellation. Insurance companies generally give lower rates to drivers that do not abuse their auto insurance. Your car insurance is intended for major claims that would cause financial hardship.

The quickest method we recommend to compare rates is to understand almost all companies allow for online access to give you rate quotes. The only thing you need to do is take a few minutes to give details like if your license is active, the ages of drivers, whether your vehicle is owned or leased, and if you’re married. The rating information gets sent immediately to multiple companies and they provide comparison quotes instantly to find the best rate.

More discounts mean cheaper premiums

Car insurance is not cheap nor is it fun to buy but you may be missing some discounts that could drop your premiums quite a bit. Some of these disounts will be visible at the time of purchase, but a few need to be specifically requested prior to getting the savings.

  • Senior Discount – Mature drivers can possibly qualify for a small discount on rates on Eclipse insurance.
  • Federal Government Employee – Having worked for a branch of the government may reduce rates when you quote auto insurance on Eclipse insurance with some car insurance companies.
  • Membership in Organizations – Being a member of a civic or occupational organization may earn a discount on your next car insurance statement.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or automatic seat belts can qualify for discounts of 20 to 30 percent.
  • Seat Belt Discounts – Using a seat belt and requiring all passengers to use a seat belt could save 15% off the personal injury premium cost.
  • Military Deployment Discount – Being on active deployment in the military may qualify for rate reductions.

As a footnote on discounts, many deductions do not apply to the overall cost of the policy. Most only cut specific coverage prices like liability, collision or medical payments. Even though it may seem like you would end up receiving a 100% discount, it doesn’t quite work that way.

A few companies who may offer these discounts may include but are not limited to:

When getting a coverage quote, ask each company the best way to save money. Depending on the company, some discounts may not apply to policyholders in your area. To see a list of insurers with the best car insurance discounts, click here to view.

It’s not one size fits all

When it comes to choosing proper insurance coverage, there really is no one size fits all plan. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that may help highlight if you would benefit from professional advice.

  • Is my ex-spouse still covered by my policy?
  • Do I need an umbrella policy?
  • Am I covered when driving someone else’s vehicle?
  • Am I covered when driving on a suspended license?
  • Does coverage extend to my business vehicle?
  • How much underlying liability do I need for an umbrella policy?
  • Does my liability insurance cover pulling a trailer or camper?
  • Does car insurance cover theft of personal property?
  • Should I get collision insurance on every vehicle?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Car insurance 101

Having a good grasp of your auto insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be confusing and nobody wants to actually read their policy. Shown next are typical coverages offered by auto insurance companies.

Collision – Collision coverage covers damage to your Eclipse resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as driving through your garage door, backing into a parked car, hitting a parking meter and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and damage to your Mitsubishi Eclipse.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for immediate expenses for things like rehabilitation expenses, X-ray expenses, doctor visits, nursing services and funeral costs. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Coverage for liability – This coverage protects you from damages or injuries you inflict on people or other property that is your fault. This coverage protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability can pay for things like medical expenses, pain and suffering, emergency aid, bail bonds and structural damage. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Comprehensive coverage – This coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things such as vandalism, fire damage, hail damage, theft and damage from flooding. 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 it’s probably time to drop comprehensive insurance.

Save your cold hard cash

Throughout this article, we presented many ideas to lower your 2004 Mitsubishi Eclipse insurance premium rates. The most important thing to understand is the more companies you get prices for, the better your chances of lowering your prices. You may even find the best premium rates are with the smaller companies. Smaller companies can often provide lower prices in certain areas compared to the large companies like State Farm, Geico and Nationwide.

When shopping online for car insurance, never skimp on coverage in order to save money. There are too many instances where an insured dropped physical damage coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your objective should be to buy a smart amount of coverage at the best cost and still be able to protect your assets.

Some insurance providers may not have rates over the internet and most of the time these regional carriers prefer to sell through independent agencies. Low-cost 2004 Mitsubishi Eclipse insurance can be sourced both online and from local agencies, and you need to price shop both to have the best chance of lowering rates.

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