Compare 2003 Mitsubishi Eclipse Spyder Insurance Cost

Want lower insurance coverage rates? Drivers have a choice when trying to find the lowest priced Mitsubishi Eclipse Spyder insurance. You can either spend your time struggling with agents to compare prices or use the internet to compare rates.

There is a right way and a wrong way to compare insurance coverage rates and you need to know the best way to compare rates on a Mitsubishi and find the lowest possible price.

How insurers calculate Mitsubishi Eclipse Spyder insurance rates

When buying car insurance it’s important to understand the different types of things that play a part in calculating the price you pay for car insurance. If you have some idea of what determines base rates, this helps enable you to make changes that may result in cheaper rates. Many things are part of the equation when quoting car insurance. Most are fairly basic such as traffic violations, although others are not as apparent like your vehicle usage or your commute time.

The following are some of the things used by insurance companies to determine your rates.

  • Your credit history is important – Having a good credit score factor in determining your rates. If your credit history can use some improvement, you could pay less to insure your 2003 Mitsubishi Eclipse Spyder if you clean up your credit. Drivers with high credit scores tend to be better risks to insure than drivers with lower ratings.
  • Vehicle options can affect rates – Choosing a vehicle with a theft deterrent system can get you a discount on your car insurance. Anti-theft devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent auto theft and help lower rates.
  • Less chance of injury means lower prices – Cars with five star safety ratings get lower rates. Safe vehicles reduce the chance of injuries and reduced instances of injuries means lower claim amounts passed on to you as lower rates. If your Mitsubishi Eclipse Spyder scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Stress out and pay more – Careers like fire fighters, executives and medical professionals are shown to have the highest average rates in part from intense work situations and lengthy work days. Conversely, occupations like farmers, engineers and homemakers pay lower than average rates for Eclipse Spyder coverage.
  • Low mileage costs less – Driving more miles in a year the more it will cost to insure it. Many insurance companies apply a rate based upon how much you drive. Autos left parked in the garage qualify for better rates than vehicles that have high annual mileage. It’s a smart idea to ensure your car insurance declarations sheet states the correct driver usage, because it can save money. Incorrect rating for your Eclipse Spyder may be costing you.
  • More traffic equals higher rates – Being located in less populated areas of the country can save you money when trying to find low car insurance rates. Fewer drivers means reduced accidents and a lower car theft rate. Drivers in populated areas tend to have more traffic problems and much longer commute distances. The longer drive time means more chance of being in an accident.
  • Add-on coverages that aren’t used – Insurance policies have a lot of additional extra coverages that sound like a good idea at the time if you don’t pay attention. Things like replacement cost coverage, death and dismemberment, and additional equipment coverage are examples of these. The coverages may be enticing initially, but if you have no use for them eliminate them to save money.
  • Low deductibles mean high premiums – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your Mitsubishi. Examples of some claims that would be covered are colliding with a building, damage from fire, and having your car stolen. Comp and collision deductibles state the amount of money you are willing to pay out-of-pocket before a claim is paid by your company. The more you’re willing to pay, the lower your rates will be for Eclipse Spyder coverage.

The best way to compare insurance rates in your area takes advantage of the fact most of the bigger providers participate in a system to compare rate quotes. All you need to do is give the companies some data like your job, the type of vehicles you drive, if you lease or own, and whether you drive to work or school. That rating information is sent automatically to many of the top insurers and they return cost estimate very quickly.

To start a rate quote now, click here and complete the quick form.

Well known brands might not be cheapest

Consumers can’t get away from ads for the lowest price auto insurance from the likes of 21st Century, Allstate and State Farm. All the ads advertise claims about savings if you change your auto insurance coverage to their company.

That’s great but how can every company save you money? This is the way they can do it.

All the different companies have underwriting criteria for the type of driver that will add to their bottom line. An example of a profitable customer should be over the age of 35, has other policies, and drives less than 7,500 miles a year. A customer that matches those criteria will probably get the lowest rates and is almost guaranteed to save when switching.

Drivers who do not match these standards will probably be forced to pay higher premiums and this can result in business not being written. If you listen closely, the ads state “people who switch” but not “everyone who gets a quote” save that much. That’s the way insurance companies can make claims like that.

This illustrates why you need to get as many free insurance quotes as possible. Because you cannot predict which company will fit your personal profile best.

Car insurance quotes and discounts

Car insurance companies don’t always advertise every discount in an easy-to-find place, so the below list has some of the best known as well as the least known credits available to bring down your rates.

  • Good Students Pay Less – This discount may save you up to 25%. Many companies even apply the discount to college students up to age 25.
  • Professional Organizations – Affiliation with qualifying clubs or civic groups could qualify you for a break on your next car insurance statement.
  • Senior Citizen Discount – If you’re over the age of 55, you could receive reduced rates for Eclipse Spyder coverage.
  • Student Driver Training – Require your teen driver to enroll and complete driver’s education in school.
  • Discounts for Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off for Eclipse Spyder coverage with certain companies.
  • Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts could save 15% on medical payment and PIP coverage.
  • Lower Rates for Military – Having a family member in the military could qualify you for better prices.

As a footnote on discounts, some credits don’t apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability and collision coverage. So when it seems like it’s possible to get free car insurance, companies don’t profit that way.

To choose companies that offer multiple discounts, click here to view.

Situations that may require an agent’s advice

When buying coverage, there isn’t really a one size fits all plan. Every insured’s situation is different.

For instance, these questions can aid in determining whether or not you will benefit from professional help.

  • What if I don’t agree with a claim settlement offer?
  • Is upholstery damage covered by car insurance?
  • Does medical payments coverage apply to all occupants?
  • When should I drop full coverage on my 2003 Mitsubishi Eclipse Spyder?
  • Is my babysitter covered when using my vehicle?
  • Is rental equipment covered for theft or damage?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • I have health insurance so do I need medical payments coverage?
  • Do I have coverage when using my vehicle for my home business?

If you’re not sure about those 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. It is quick, free and you can get the answers you need.

Car insurance coverages for a 2003 Mitsubishi Eclipse Spyder

Having a good grasp of insurance helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Comprehensive insurance

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things like falling objects, a tree branch falling on your vehicle, fire damage and hitting a bird. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for expenses for things like hospital visits, chiropractic care, dental work and EMT expenses. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. 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 and gives slightly broader coverage than med pay

Liability car insurance

This will cover damage or injury you incur to other people or property in an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against things like repair costs for stationary objects, repair bills for other people’s vehicles and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Collision coverage

This will pay to fix damage to your Eclipse Spyder caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like scraping a guard rail, rolling your car and crashing into a building. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

In any little way, save everyday

We just presented a lot of techniques to get a better price on 2003 Mitsubishi Eclipse Spyder insurance. The key concept to understand is the more quotes you get, the better your comparison will be. Drivers may discover the best price on insurance is with the least-expected company.

As you restructure your insurance plan, don’t be tempted to skimp on critical coverages to save a buck or two. There are too many instances where an insured cut full coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The goal is to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

Some insurance companies do not provide rate quotes online smaller providers prefer to sell through local independent agents. Budget-conscious 2003 Mitsubishi Eclipse Spyder insurance is definitely available from both online companies as well as from insurance agents, and you should compare rates from both to have the best chance of lowering rates.

Additional insurance information can be found on the following sites: