9 Simple Methods to Slash Mitsubishi Precis Insurance Expenses

Trying to find the cheapest insurance for your Mitsubishi Precis can turn out to be difficult, but you can learn the following methods to find lower rates. There are more efficient ways to compare car insurance rates and you need to know the absolute fastest way to price shop coverage on a Mitsubishi and find the lowest possible price from both online companies and local agents.

Comprehensive Car Insurance Comparison

Lowering your Mitsubishi Precis car insurance rates is a fairly straight forward process. All that’s required is to take a few minutes comparing rates online with multiple companies. It is quite easy and can be accomplished in several different ways.

One of the simplest ways to get quotes for comparison is to use a rate comparison form like this one (opens in new window). This type of form saves time by eliminating separate quotation requests for each company. In just a few minutes this one form will get you rate comparisons from all major companies. This is by far the quickest method.
A more difficult way to get quotes online requires you to visit the website for each individual company and fill out their own quote form. For example, we’ll assume you want to compare rates from State Farm, Liberty Mutual and Progressive. To get each rate you have to spend time on each company’s site to enter your coverage information, which is why the first method is quicker.
For a list of links to companies insuring cars in your area, click here.
The least recommended way of comparing rate quotes is driving around to different agent offices. The ability to buy insurance online can eliminate the need for a local agent unless you want the personal advice that only a license agent can provide. It is possible to obtain prices from the web but still have the advice of a local agent and we’ll cover that in a bit.

Which method you use is up to you, but compare apples-to-apples coverage limits and deductibles with each company. If you enter unequal deductibles or liability limits it will be impossible to determine which rate is truly the best.

Do you qualify for these nine discounts?

Car insurance companies don’t always publicize every available discount very clearly, so the following is a list of some of the best known as well as the least known discounts you could be receiving. If you’re not getting every credit you qualify for, you are throwing money away.

More Vehicles More Savings – Insuring multiple cars or trucks with the same company may reduce the rate for each vehicle.
Life Insurance – Select insurance companies reward you with a break if you buy life insurance from them.
Paperwork-free – Some insurance companies give back up to $50 just for signing your application online.
Payment Method – If paying your policy premium upfront instead of making monthly payments you could save up to 5%.
No Accidents – Drivers with accident-free driving histories pay less when compared to frequent claim filers.
Homeowners Pay Less – Owning a home may trigger a car insurance policy discount because maintaining a house shows financial diligence.
Passive Restraints and Air Bags – Vehicles equipped with air bags can receive discounts of more than 20%.
Drivers Education – Have your child enroll in driver’s education if offered at their school.
Drive Less and Save – Low mileage vehicles can earn a substantially lower rate.

Drivers should understand that most discount credits are not given to the entire policy premium. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like you would end up receiving a 100% discount, it doesn’t quite work that way.

Neighborhood insurance agents

A small number of people just want to sit down with an agent and there is nothing wrong with that. Good agents are trained to spot inefficiencies and give you peace of mind. The biggest benefit of comparing rates online is that you can obtain the lowest rates but still work with a licensed agent.

After completing this short form, the coverage information gets sent to local insurance agents who will return price quotes for your business. There is no need to drive around because quoted prices will be sent to your email.

Picking an insurer needs to be determined by more than just the bottom line cost. Ask your prospective agent these questions:

How much will you save each year by using a higher deductible?
How long has their agency been open?
Will your rates increase after a single accident?
Are claim adjusters local or do you have to take your car somewhere else?
How many years of experience in personal lines insurance coverages do they have?

Captive and independent insurance agents

When searching for a local agent, there are two different agency structures from which to choose. agents are categorized either independent (non-captive) or captive. Both insure your vehicles, but it’s good to learn the differences since it can impact buying decisions.

Captive Agents

Captive insurance agents can only place business with one company such as Liberty Mutual, State Farm, Allstate and AAA. They usually cannot compare other company’s rates so they have no alternatives for high prices. Captive agencies are well schooled on their products and sales techniques which can be an advantage. Some people will only choose to use a captive agent partially due to loyalty to the company and solid financial strength. insurance cheap

Independent Insurance Agents

Independent agencies do not work for one specific company but instead can place your coverage with lots of companies and potentially find a lower price. To transfer your coverage to a different company, they simply move the coverage in-house and you won’t have to switch agencies. When comparison shopping, we recommend you include price quotes from multiple independent agents to get the best comparison. They often place coverage with smaller companies who may have lower rates.

To view a full list of agencies, visit this page.

Upon receiving answers to your satisfaction to these questions and an affordable coverage quote, chances are good that you have found an insurance agency that can properly insure your vehicles. But remember, you can always terminate coverage any time you want so never feel you’re contractually obligated to a specific agent for the entire policy term.

Specifics of your car insurance policy

Knowing the specifics of car insurance helps when choosing appropriate coverage for your vehicles. Car insurance terms can be confusing and even agents have difficulty translating policy wording.

Uninsured or underinsured coverage

This provides protection when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Mitsubishi Precis.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for immediate expenses for EMT expenses, ambulance fees and funeral costs. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Liability car insurance

This will cover damage or injury you incur to a person or their property in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims like court costs, legal defense fees, structural damage and repair costs for stationary objects. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Collision coverage

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like damaging your car on a curb, scraping a guard rail, hitting a mailbox and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Comprehensive protection

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from flooding, damage from getting keyed and rock chips in glass. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

One last thing about your coverage

Cheap Mitsubishi Precis insurance is attainable online and also from your neighborhood agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies may not provide online quoting and usually these regional insurance providers provide coverage only through local independent agents.

When shopping online for car insurance, you should never reduce needed coverages to save money. There are a lot of situations where someone sacrificed liability coverage limits only to discover later that the small savings ended up costing them much more. Your strategy should be to buy enough coverage at the best price, not the least amount of coverage.

Drivers switch companies for a variety of reasons including unfair underwriting practices, high rates after DUI convictions, an unsatisfactory settlement offer and even questionable increases in premium. Regardless of your reason, finding the right car insurance provider is not as difficult as it may seem.