2008 Mitsubishi Galant Insurance Quotes – 6 Tips for Cheapest Rates

Having to pay for high-priced car insurance can bottom out your budget and put a big crunch on your finances. Performing a rate comparison can be a smart way to make sure you’re not throwing money away.

Due to the increasing number of choices of insurance companies, it is very difficult to locate the best car insurance company.

Choosing the best insurance company for you is quite easy. If you have a policy now or are just looking to switch companies, you can use these techniques to find better prices and still get good coverage. Vehicle owners just need to know how to compare company rates over the internet.

Lower-cost insurance quotes with discounts

Companies that sell car insurance don’t always advertise all available discounts very well, so the following list contains both the well known in addition to some of the lesser obvious credits available to you.

  • Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn lower insurancerates if you buy a life insurance policy as well.
  • Homeowners Savings – Being a homeowner may earn you a small savings because of the fact that having a home shows financial diligence.
  • Discount for Multiple Policies – If you can combine your auto and home policy and insure them both with the same insurance company you may earn at least 10% off all policies.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to use their safety belts can save a little off the medical payments premium.
  • Braking Control Discount – Cars that have anti-lock braking systems can reduce accidents and earn discounts up to 10%.
  • Telematics Data – Drivers who elect to allow their insurance company to monitor driving patterns by using a small device installed in their vehicle such as State Farm’s In-Drive may see discounts as long as the data is positive.

You can save money using discounts, but some of the credits will not apply to the entire cost. A few only apply to the cost of specific coverages such as liability and collision coverage. Even though it may seem like you could get a free insurance policy, that’s just not realistic.

To find insurance companies with discount rates, click this link.

Tailor your insurance coverage to you

When choosing proper insurance coverage, there really is no cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions can help discover whether you may require specific advice.

  • When do I need to add a new car to my policy?
  • Should I carry comprehensive and collision coverage?
  • What is PIP insurance?
  • How does medical payments coverage work?
  • Is my ex-spouse still covered by my policy?
  • I have good health insurance, so how much medical payments coverage do I need?
  • What discounts do I qualify for?
  • Are split liability limits better than a combined single limit?
  • Am I covered if I hit my neighbor’s mailbox?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?

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 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. It is quick, free and you can get the answers you need.

Advertising myths

Drivers constantly see and hear ads for the lowest price insurance coverage from companies such as Progressive, Allstate and Geico. They all seem to advertise the message of big savings just by switching your coverage.

It sounds good, but how can they all cost less than your current company? This is how they do it.

Insurance coverage companies give the cheapest rates for the type of driver they prefer to insure. An example of a driver they prefer may need to be over the age of 35, has no claims, and drives less than 10,000 miles a year. Any customer who matches those parameters will get very good car insurance rates and will cut their rates if they switch.

Potential customers who do not match the “perfect” profile may be forced to pay higher premiums which results in the customer not buying. If you pay attention, the ads say “people that switch” not “everyone that quotes” save that much. That’s the way insurance companies can make it sound like they have such great rates. This really drives home the point why you absolutely need to quote coverage with many companies. It is impossible to guess with any certainty which company will have the best prices at this point in time.

Car insurance policy specifics

Understanding the coverages of a car insurance policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. These are typical coverage types available from car insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2008 Mitsubishi Galant.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Comprehensive auto coverage

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like theft, rock chips in glass, hitting a deer and falling objects. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for liability

Liability insurance will cover damage or injury you incur to people or other property. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage protects against things like repair costs for stationary objects, funeral expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.

Collision coverage

Collision coverage will pay to fix damage to your Galant from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as rolling your car, crashing into a building and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also bump up the deductible to save money on collision insurance.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for short-term medical expenses such as prosthetic devices, surgery, ambulance fees, funeral costs and doctor visits. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Smart consumers save more

As you prepare to switch companies, it’s a bad idea to skimp on critical coverages to save a buck or two. There are too many instances where someone sacrificed collision coverage only to discover later that it was a big mistake. Your goal should be to purchase plenty of coverage at the best price while still protecting your assets.

In this article, we covered a lot of ways to save on 2008 Mitsubishi Galant insurance. The key thing to remember is the more providers you compare, the better chance you’ll have of finding cheaper insurance. Consumers may even find the most savings is with the smaller companies. Some small companies may only write in your state and offer lower car insurance rates than the large multi-state companies such as Allstate, Geico and Progressive.

To read more, take a look at the resources below: