Compare 2007 Mitsubishi Outlander Insurance Quotes

Trying to find lower insurance rates for your Mitsubishi Outlander? Did a good deal turn into overpriced insurance? It’s quite common and you are not the only one feeling buyer’s remorse.

People have multiple insurers to insure vehicles with, and though it is a good thing to be able to choose, too many choices makes it more difficult to find the lowest cost provider.

You should make it a habit to compare rates every six months because insurance prices trend upward over time. Just because you had the lowest price for Outlander insurance a couple years back there is a good chance you can find better rates now. Forget all the misinformation about insurance because I’m going to let you in on the secrets to the best methods to find the best coverage while lowering your premiums.

The purpose of this article is to let you in on the most effective way to quote insurance and some tricks to saving. If you currently have car insurance, you should be able to save some money using this strategy. But drivers benefit from understanding how insurance companies sell insurance online and apply this information to your search.

Finding insurance

To find low cost car insurance quotes, there are several ways to get quotes from lots of insurance companies. By far the easiest way to comparison shop is to use the internet to compare rates. This can be accomplished in a couple of different ways.

  • If you don’t have a lot of time, the easiest way consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This quick form prevents you from having to do separate quote forms for every prospective company. Filling out one form will get you rate comparisons from all major companies.
  • A different way to compare prices requires a trip to each company website to complete their respective quote request forms. For example, we’ll assume you are doing a rate comparison from Farmers, GEICO and Travelers. You would be required to spend time on each company’s site and punch in your information repeatedly, which explains why we recommend starting with the first method. For a list of links to insurance companies in your area, click here.

Whichever way you choose to compare rates, make sure you compare exactly the same coverage limits and deductibles for every company. If you are comparing different deductibles it will be very difficult to make an equal comparison. Just a small difference in insurance coverages or limits may result in a large different in cost. And when comparing insurance rates, know that having more price comparisons increases the change that you will find better pricing. Some companies don’t provide online rate quotes, so it’s necessary to compare prices from the smaller companies as well.

Lower your insurance costs

One of the most helpful ways to save on insurance coverage is to to have a grasp of some of the things that play a part in calculating insurance coverage rates. If you have some idea of what positively or negatively impacts your premiums, this helps enable you to make changes that will entitle you to big savings.

The following are some of the most rate-impacting factors utilized by car insurance companies to help set prices.

  • Your employer is a factor – Do you have a high-stress occupation? Occupations such as lawyers, social workers and financial analysts generally have higher rates than the rest of us attributed to high stress levels and lots of time spent at work. Other occupations such as scientists, engineers and the unemployed have the lowest average rates for Outlander insurance.
  • Having a spouse can save on insurance coverage – Having a wife or husband helps lower the price on your policy. Having a spouse is viewed as being more mature it has been statistically shown that married drivers tend to have fewer serious accidents.
  • Cheaper insurance coverage rates with safer cars – Safer cars tend to be cheaper to insure. The safest vehicles have better occupant injury protection and better occupant protection translates into fewer and smaller insurance claims which can result in lower premiums.
  • Advanced alarm systems – Choosing a vehicle that has a built-in theft deterrent system can save you a little every year. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop car theft.
  • Do you know your coverage deductibles? – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Mitsubishi. Some examples of covered claims are running into the backend of another car, hail damage, and damage caused by flying debris. Your deductibles define how much the insured will be required to pay if the claim is covered. The larger the amount the insured is willing to pay, the bigger discount you will receive for Outlander insurance.
  • Gals pay lower prices – Over the last 50 years, statistics have shown women are more cautious behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women tend to get into accidents at a similar rate, but guys cause more damage and cost insurance companies more money. Men also get ticketed for serious violations like DUI and reckless driving.
  • Poor credit history equals high prices – Credit score is likely to be a major factor in determining premium rates. If your credit rating can use some improvement, you could pay less to insure your 2007 Mitsubishi Outlander if you clean up your credit. Insureds that have good credit tend to be less risk to insure than drivers who have worse credit.

Cheaper rates with discounts

Car insurance companies don’t always publicize every policy discount very well, so here is a list a few of the more common and also the lesser-known ways to save on insurance.

  • Resident Student – Older children living away from home attending college and won’t have access to an insured vehicle could qualify for this discount.
  • Full Payment Discount – If you pay your bill all at once instead of making monthly payments you may reduce your total bill.
  • Discount for Low Mileage – Maintaining low annual mileage may allow you to get slightly better prices than normal.
  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can qualify for discounts of more than 20%.
  • Senior Citizen Discount – Drivers over the age of 55 can get better insurance rates for Outlander insurance.
  • No Charge for an Accident – This one is not really a discount per se, but a handful of insurance companies allow you one accident without getting socked with a rate hike as long as you don’t have any claims for a specific time period.
  • Professional Organizations – Affiliation with certain professional organizations could earn you a nice discount on your policy.
  • Driver Training Discounts – Taking time to complete a course teaching safe driver skills could cut 5% off your bill depending on where you live.
  • ABS Brakes – Cars and trucks that have anti-lock braking systems prevent accidents so companies give up to a 10% discount.
  • Multiple Policy Discount – If you have multiple policies with the same insurance company you will save as much as 10 to 15 percent.

As a sidenote, most credits do not apply to the entire policy premium. Most only apply to individual premiums such as medical payments or collision. Despite the fact that it seems like it’s possible to get free car insurance, it’s just not the way it works.

Auto insurance companies who may offer these money-saving discounts include:

Before buying, ask all the companies which discounts you qualify for. A few discounts may not be offered in every state. To choose insurance companies with significant discounts, follow this link.

What is the best car insurance coverage?

When it comes to buying coverage, there really is no “best” method to buy coverage. Each situation is unique so this has to be addressed. For instance, these questions may help you determine whether you might need an agent’s assistance.

  • Is my trailer covered?
  • How much liability coverage do I need in my state?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Am I covered when driving in Canada or Mexico?
  • Do I have coverage if my license is suspended?
  • Do I need to file an SR-22 for a DUI in my state?

If you’re not sure about those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

Car insurance 101

Learning about specific coverages of your auto insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the normal coverages offered by auto insurance companies.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for expenses such as nursing services, EMT expenses, hospital visits and prosthetic devices. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers

This provides protection when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and damage to your Mitsubishi Outlander.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive (Other than Collision)

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a deer, fire damage and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Auto liability insurance

This protects you from damage or injury you incur to other people or property that is your fault. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims like attorney fees, structural damage, medical services and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Auto collision coverage

This coverage will pay to fix damage to your Outlander resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as colliding with another moving vehicle, hitting a mailbox, crashing into a building, hitting a parking meter and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Never pay more for less

Cost effective 2007 Mitsubishi Outlander insurance is possible online as well as from independent agents, and you should be comparing both in order to have the best chance of saving money. A few companies do not offer online price quotes and most of the time these regional carriers provide coverage only through local independent agents.

When shopping online for insurance, it’s very important that you do not skimp on coverage in order to save money. Too many times, an insured dropped full coverage only to regret at claim time that they should have had better coverage. Your aim should be to find the BEST coverage at the best price while still protecting your assets.

For more information, take a look at the following helpful articles: