Are you tired of sacrificing other expenses to pay your insurance bill each month? You are no different than millions of other people. Companies like Geico, Progressive and Allstate constantly blast consumers with catchy ads and consumers find it hard to separate fact from fiction and effectively compare rates to find the best deal.
Shopping for lower insurance rates can be challenging if you don’t utilize the most efficient way to do it. You can spend countless hours driving to agents in your area, or you can stay home and use the internet to get prices fast.
The majority of car insurance companies are enrolled in a marketplace that allows shoppers to enter their coverage request one time, and each participating company returns a competitive quote based on that information. This prevents consumers from doing quote forms to each company.
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The one downside to pricing coverage this way is you are unable to specify the insurers you want pricing from. If you would rather choose specific providers to request quotes from, we have a listing of the cheapest insurance companies in your area. Click here for list of insurance companies.
You can choose any of those ways to find more affodable coverage, but make sure you compare equivalent quote data for each comparison quote. If you use higher or lower deductibles then you won’t be able to determine the lowest rate for your Mitsubishi Eclipse.
Some companies don’t list every discount in an easy-to-find place, so the following is a list of a few of the more well known and the more hidden ways to save on insurance.
We need to note that many deductions do not apply the the whole policy. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like all the discounts add up to a free policy, insurance companies wouldn’t stay in business.
A few companies who might offer these money-saving discounts may include but are not limited to:
If you need the cheapest insurance quotes, ask each company or agent which credits you are entitled to. Some discounts listed above may not apply to policies in every state.
When buying adequate coverage for your vehicles, there is no single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions could help you determine if your situation might need an agent’s assistance.
If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.
Learning about specific coverages of your auto insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages available from auto insurance companies.
Collision coverage – This coverage will pay to fix damage to your Eclipse resulting from a collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against claims such as sustaining damage from a pot hole, rolling your car, hitting a mailbox and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.
Coverage for liability – This coverage can cover damage or injury you incur to people or other property. It protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability can pay for things like medical services, loss of income, pain and suffering and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible.
Coverage for medical expenses – Med pay and PIP coverage kick in for bills like doctor visits, surgery, X-ray expenses and prosthetic devices. They are utilized in addition to your health insurance program or if you are not covered by health insurance. It covers you and your occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states and may carry a deductible
Comprehensive auto insurance – This 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 claims such as damage from a tornado or hurricane, theft, falling objects, a tree branch falling on your vehicle and hail damage. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Coverage for uninsured or underinsured drivers – Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your 2008 Mitsubishi Eclipse.
Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Usually these coverages are identical to your policy’s liability coverage.