2007 Mitsubishi Eclipse Spyder Car Insurance Quotes – 8 Tips to Save

Are you at wits end from not being able to scrape enough together to pay auto insurance each month? You have the same problem as many other consumers.

You have so many auto insurance companies to insure vehicles with, and although it’s nice to have multiple companies, it can be more difficult to find the best rates for your vehicles.

It’s smart to compare rates on a regular basis due to the fact that insurance prices change quite often. Even if you got the best price for Eclipse Spyder insurance a year ago you can probably find a lower rate today. You can find a lot of information about auto insurance online but I’m going to show you a lot of great tips on how to reduce your auto insurance bill.

Do you qualify for discount insurance?

Properly insuring your vehicles can get expensive, but there may be some discounts to help bring down the price. Certain credits will be shown when you complete an application, but occassionally some discounts must be inquired about before you get the savings.

  • Air Bags and Passive Restraints – Options like air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Save with a New Car – Buying coverage on a new vehicle can save you some money compared to insuring an older model.
  • Cautious Driver Discount – Safe drivers may receive a discount up to 45% for Eclipse Spyder insurance compared to rates paid by drivers with frequent claims.
  • Good Student – Maintaining excellent grades may save as much as 25% on a car insurance quote. Earning this discount can benefit you well after school through age 25.
  • Telematics Data – Drivers that enable their insurance company to spy on driving habits remotely such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks if they are good drivers.
  • Discount for Life Insurance – Some insurance companies give a break if you buy auto and life insurance together.
  • Payment Discounts – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • ABS Braking Discount – Cars and trucks that have steering control and anti-lock brakes can reduce accidents so companies give up to a 10% discount.

As a sidenote, some credits don’t apply to the entire cost. Most cut the cost of specific coverages such as liability, collision or medical payments. Despite the appearance that you would end up receiving a 100% discount, nobody gets a free ride. Any amount of discount will positively reduce your policy premium.

Some of the larger companies who may offer many of the previously listed discounts may include but are not limited to:

If you are trying to find low cost car insurance quotes, ask each company to apply every possible discount. Some discounts listed above might not apply in your area.

What insurance coverages do I need?

When it comes to choosing coverage, there really is no one size fits all plan. Every situation is different so your insurance should reflect that Here are some questions about coverages that might point out if you would benefit from an agent’s advice.

  • Do I pay less for low miles?
  • Am I covered when pulling a rental trailer?
  • How high should deductibles be on a 2007 Mitsubishi Eclipse Spyder?
  • I have a DUI can I still get coverage?
  • Does my car insurance cover rental cars?
  • What companies insure drivers after a DUI or DWI?
  • How do I insure my teen driver?
  • Can I drive in Mexico and have coverage?
  • Am I missing any policy discounts?
  • How much can I save by bundling my policies?

If you can’t answer these questions but a few of them apply then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance companies in your area.

Insurance ads bend the truth

Insurance providers like Allstate and Progressive continually stream ads on TV and radio. All the companies try to convey promises about savings if you switch your insurance coverage to their company. That’s great but how can every company charge less that you’re paying now? It’s all in the numbers.

Companies have specific characteristics for the type of customer that will not have excessive claims. For instance, a desirable insured could possibly be between the ages of 30 and 45, has no claims, and drives newer vehicles. A propective insured who fits that profile receive the lowest rate quotes and as a result will probably pay quite a bit less when switching companies.

Potential insureds who cannot meet the “perfect” profile will see a more expensive rate which translates to the customer not purchasing. Company advertisements say “customers that switch” not “everyone who quotes” save money. That is how companies can make claims like that.

This emphasizes why you really need to compare as many free car insurance quotes as you can. It’s just not possible to know which insurance company will have the lowest rates.

The coverage is in the details

Knowing the specifics of car insurance helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be confusing and coverage can change by endorsement. These are typical coverages found on the average car insurance policy.

Comprehensive (Other than Collision)

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like damage from getting keyed, hitting a deer and damage from flooding. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability coverage

Liability insurance protects you from damage that occurs to other’s property or people that is your fault. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for things like pain and suffering, attorney fees, emergency aid and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford.

Coverage for collisions

Collision coverage covers damage to your Eclipse Spyder resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like crashing into a building, hitting a mailbox, sustaining damage from a pot hole and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Medical expense insurance

Medical payments and Personal Injury Protection insurance provide coverage for bills like prosthetic devices, X-ray expenses and ambulance fees. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Do the work, save more money

Throughout this article, we presented a lot of tips how to lower your 2007 Mitsubishi Eclipse Spyder insurance prices. The key thing to remember is the more providers you compare, the higher your chance of finding inexpensive car insurance. You may be surprised to find that the most savings is with some of the lesser-known companies. They often have lower rates on specific markets compared to the large companies like State Farm or Progressive.

When you buy car insurance online, it’s not a good idea to buy less coverage just to save a little money. There are many occasions where consumers will sacrifice comprehensive coverage or liability limits only to regret that it was a big error on their part. The proper strategy is to get the best coverage possible at the lowest possible cost, but do not sacrifice coverage to save money.

More information