How Much Does 2016 Mitsubishi i-MiEV Insurance Cost?

Searching for cheaper car insurance rates for your Mitsubishi i-MiEV? No normal person looks forward to buying car insurance, especially when they could find better rates elsewhere. Vehicle owners have many insurers to purchase coverage from, and though it is a good thing to be able to choose, it can be more challenging to get the best deal.

Insurance coverage discounts are available to slash your rates

Car insurance companies don’t necessarily list the complete list of policy discounts very well, so we took the time to find some of the more common as well as some of the hidden discounts that may be available.

  • Theft Deterent Discount – Cars equipped with anti-theft or alarm systems are stolen less frequently so companies will give you a small discount.
  • Data Collection Discounts – Policyholders that allow driving data submission to look at their driving habits by using a small device installed in their vehicle such as Snapshot from Progressive or Drivewise from Allstate might see lower rates if they show good driving skills.
  • Claim Free – Insureds with no claims or accidents get the best insurance coverage rates as compared to drivers who are more careless.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems are safer to drive so companies give up to a 10% discount.
  • Discount for Low Mileage – Driving fewer miles may enable drivers to earn slightly better rates than normal.
  • Multi-car Discount – Buying coverage for several vehicles on the same insurance coverage policy can reduce rates for all insured vehicles.

A quick disclaimer, some credits don’t apply to the overall cost of the policy. Most cut the cost of specific coverages such as collision or personal injury protection. Just because it seems like you can get free auto insurance, company stockholders wouldn’t be very happy. Any amount of discount should help lower the cost of your policy.

Some of the larger companies that may offer quotes with these discounts include:

When getting free insurance quotes, it’s a good idea to all the companies which discounts can lower your rates. Some of the discounts discussed earlier might not be available to policyholders in every state. To find providers who offer discounts, click this link.

What determines Mitsubishi i-MiEV insurance premiums?

Many factors are part of the calculation when quoting car insurance. Most are fairly basic like an MVR report, although some other factors are less obvious such as whether you are married and annual miles driven.An important part of buying insurance is that you know some of the factors that are used to determine your policy premiums. If you have a feel for what determines premiums, this helps enable you to make changes that can help you get big savings.

  • Auto insurance lapses lead to higher rates – Driving with no insurance is not a good idea and companies may charge more for letting your insurance expire. Not only will you pay more, the inability to provide proof of insurance might get you a revoked license or a big fine. You could then be forced to submit proof of financial responsibility or a SR-22 with your state DMV.
  • Tickets cost more than a fine – Your driving record can have a huge impact on auto insurance premiums. Careful drivers have lower premiums compared to drivers with tickets. Having just one moving violation may increase your cost twenty percent or more. Drivers who have gotten dangerous tickets such as DWI, reckless driving or hit and run convictions may find that they have to to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.
  • Extra coverages you don’t need – Policies have extra bells and whistles that you can get tricked into buying on your i-MiEV policy. Add-on coverages like personal injury protection, better glass coverage, and extra equipment coverage may be wasting your money. They may seem like a good idea when deciding what coverages you need, but your needs may have changed so get rid of them and save.
  • Save money with excellent credit – An insured’s credit rating is a big factor in calculating your auto insurance rates. If your credit can use some improvement, you could potentially save money when insuring your 2016 Mitsubishi i-MiEV if you clean up your credit. Drivers with high credit ratings tend to be more responsible and file fewer claims as compared to drivers with worse credit.
  • Vehicle options impact premiums – Owning a car with advanced anti-theft systems can earn a premium discount. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder vehicle theft.
  • Liability coverage – Your policy’s liability coverage is the coverage that protects you when a jury decides you are liable for causing damage or personal injury in an accident. It provides legal defense coverage which can cost a lot. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
  • Prices and employer – Jobs such as real estate brokers, business owners and stock brokers usually pay higher rates than average due to intense work-related stress and lots of time spent at work. On the other hand, occupations such as scientists, historians and the unemployed have lower than average premiums for i-MiEV insurance.
  • Safer occupants lowers auto insurance rates – Cars with five star safety ratings tend to be cheaper to insure. Vehicles built for safety reduce occupant injuries and lower injury rates means less claims paid and more competitive rates for policyholders.

Everyone needs different auto insurance coverages

When choosing the best auto insurance coverage for your personal vehicles, there really is no one size fits all plan. Every insured’s situation is different so this has to be addressed. For example, these questions might point out whether or not you would benefit from an agent’s advice.

  • Do I need PIP coverage since I have good health insurance?
  • Why am I required to get a high-risk car insurance policy?
  • Am I covered if my car is in a flood?
  • What is high-risk coverage and where do I buy it?
  • Should I buy more coverage than the required minimum liability coverage?
  • Should I have combined single limit or split liability limits?
  • What companies insure drivers after a DUI or DWI?
  • Does my insurance cover my expensive audio equipment?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

The ad said I’d save $474 a year!

Consumers constantly see and hear ads for the lowest price insurance coverage from the likes of Allstate and Progressive. All the ads convey the message that drivers can save some big amount if you just switch your policy.

How is it plausible that every one can sell you cheaper insurance coverage? You have to listen carefully.

Most companies have a certain “appetite” for the type of customer that earns them the highest profit. One example of a driver they prefer could possibly be over the age of 35, has few claims, and drives less than 5,000 miles a year. Anyone who fits those characteristics gets the lowest rates and have a good chance to save when they switch companies.

Potential insureds who don’t qualify for those criteria may be forced to pay more expensive rates and this results in the customer not purchasing. Company advertisements say “customers that switch” not “everyone that quotes” can get the lowest rates when switching. That’s why insurance companies can confidently make claims that they all have the best premium rates.

Because every company is different, you absolutely need to compare quotes as often as possible. It’s just not possible to know which insurance companies will have the lowest rates.

Auto insurance coverage information

Understanding the coverages of insurance aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages available from insurance companies.

Comprehensive insurance

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as falling objects, damage from getting keyed, hitting a deer and hail damage. The maximum payout 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 consider removing comprehensive coverage.

Coverage for collisions

Collision insurance pays for damage to your i-MiEV caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as hitting a parking meter, colliding with a tree, crashing into a ditch, rolling your car and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also raise the deductible to get cheaper collision coverage.

Auto liability

Liability coverage protects you from damages or injuries you inflict on other people or property that is your fault. It protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values 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 property damage coverage for $100,000. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability can pay for things like medical services, legal defense fees and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Mitsubishi i-MiEV.

Due to the fact that many 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 a good idea. Normally these coverages are identical to your policy’s liability coverage.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance kick in for expenses such as dental work, EMT expenses, rehabilitation expenses and surgery. They are used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Buy online or local, you save

More affordable insurance is possible online in addition to local insurance agencies, so you need to shop insurance with both to get a complete price analysis. A few companies do not offer the ability to get quotes online and these small, regional companies prefer to sell through local independent agents.

As you quote insurance, you should never buy less coverage just to save a little money. There are too many instances where an insured cut physical damage coverage only to regret at claim time that it was a big error on their part. Your goal should be to purchase plenty of coverage at the best price.

Even more information can be read by following these links: