Cheaper 2012 Mitsubishi i-MiEV Car Insurance Quotes

Searching for better car insurance rates for your Mitsubishi i-MiEV? Having to pay for pricey car insurance can eat up your accounts and force you to make sacrifices.

Popular companies such as GEICO, 21st Century and Progressive increase brand awareness with ad campaigns and it can be hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

Smart consumers take time to compare prices quite often because prices are variable and change quite frequently. Just because you found the lowest price on i-MiEV insurance on your last policy the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about car insurance because we’re going to demonstrate the fastest way to find the best coverage while lowering your premiums.

If you currently have car insurance, you will most likely be able to reduce your rates substantially using this information. Finding affordable coverage is not rocket science. Although car owners should learn how the larger insurance companies market insurance on the web and apply this information to your search.

Insurance price influencing factors

Smart consumers have a good feel for some of the things that go into determining car insurance rates. When you know what positively or negatively determines base rates, this allows you to make educated decisions that may result in better car insurance rates.

The factors shown below are most of the major factors used by insurance companies to determine premiums.

  • Where you call home is a factor – Being located in a rural area is a good thing when buying car insurance. Less people living in that area translates into fewer accident claims and also fewer theft and vandalism claims. Residents of big cities tend to have congested traffic and longer commutes to work. Higher commute times means higher likelihood of an accident.
  • Get hitched and pay lower rates – Being married may cut your premiums compared to being single. Marriage means you’re more responsible and statistics show being married results in fewer claims.
  • Traffic violations drive up costs – Whether or not you get tickets has a lot to do with how much you pay for insurance. Careful drivers get better prices than their less careful counterparts. Even a single speeding ticket or other violation may cause rates to rise to the point where it’s not affordable. People who have flagrant tickets like DUI or willful reckless driving may be required to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to legally drive.
  • Bundle and save – Lots of insurance companies will give discounts to people that purchase more than one policy such as combining an auto and homeowners policy. The discount can be ten or even fifteen percent. Even if you’re getting this discount it’s always a smart idea to compare rates to make sure you are getting the best deal. It’s possible to still save even more by splitting coverages up.
  • Teen drivers pay more – Inexperience drivers are statistically shown to be easily distracted when driving with friends and because of this, their car insurance rates are much higher. Parents adding a teenage driver to your policy will cause a huge premium hike. Older people are shown to be more cautious, are lower risk to insure .
  • Safeguard your assets with liability coverage – The liability section of your policy will protect you when you are responsible for damages caused by your negligence. Liability provides for a legal defense to defend your case. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so buy as much as you can afford.
  • Do safer cars cost less to insure? – Cars with high safety ratings cost less to insure. Highly rated vehicles have better occupant injury protection and fewer injuries translates into savings for insurance companies and cheaper rates on your policy. If your Mitsubishi i-MiEV is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • Incidental coverages push up costs – There are a lot of extra add-on coverages that can waste your money if you don’t pay attention. Things like roadside assistance, high-cost glass coverage, and Farm Bureau memberships may be costing you every month. You may think they are a good idea when discussing your needs, but now you might not need them so remove them and pocket the money.

Don’t overlook these insurance coverage discounts

The price of auto insurance can be rather high, but you might be missing out on some discounts to reduce the price significantly. A few discounts will be applied when you get a quote, but a few must be specifically requested before being credited.

  • Good Student Discount – Being a good student can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
  • New Car Discount – Buying insurance coverage on a new vehicle can be considerably cheaper because new model year vehicles have to meet stringent safety requirements.
  • Organization Discounts – Belonging to specific professional or occupational memberships or organizations could earn you a nice discount on your next renewal.
  • Discounts for Multiple Vehicles – Having primary and secondary vehicles on the same insurance coverage policy can reduce the rates for all insured vehicles.
  • Auto/Home Discount – When you have multiple policies with one company you could get a discount of up to 20% off your total premium.

You should keep in mind that many deductions do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as comp or med pay. Just because you may think you can get free auto insurance, it’s just not the way it works.

A few companies that possibly offer some of the above discounts are:

Double check with all the companies which discounts they offer. Some discounts might not apply in your area. For a list of companies that offer some of these discounts, click here.

The largest companies are not always cheapest

Companies like Progressive, Allstate and GEICO regularly use television and radio advertisements. They all state the claim that drivers will save a bundle if you just switch your coverage. How does every company give you a lower rate?

Insurance companies quote their best rates for the driver that earns them the most money. One example of a desirable insured might be described as over the age of 50, insures multiple vehicles, and drives less than 5,000 miles a year. Anyone that hits that “sweet spot” receive the lowest rate quotes and will save when they switch companies.

Insureds who are not a match for the requirements may receive higher premiums which usually ends up with business going elsewhere. The ad wording is “customers who switch” but not “everyone who gets a quote” will save that much if they switch. That’s the way companies can truthfully lure you into getting a quote.

This really drives home the point why drivers must get insurance quotes as often as possible. You cannot predict which insurance coverage company will have the lowest premium rates for your situation.

When to get professional advice

When choosing adequate coverage for your vehicles, there really is no one size fits all plan. Everyone’s situation is a little different so your insurance should reflect that These are some specific questions may help highlight if your insurance needs will benefit from professional help.

  • What is the minimum liability in my state?
  • Does my policy pay for OEM or aftermarket parts?
  • How can I find cheaper teen driver insurance?
  • Should I waive the damage coverage when renting a car?
  • What if I don’t agree with a claim settlement offer?
  • How high should my medical payments coverage be?
  • Should I have combined single limit or split liability limits?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area.

Coverage specifics

Learning about specific coverages of your auto insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages offered by auto insurance companies.

Liability

Liability insurance protects you from damage or injury you incur to people or other property that is your fault. This insurance protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for things such as medical services, attorney fees, repair bills for other people’s vehicles and pain and suffering. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

Comprehensive auto insurance

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as a broken windshield, damage from flooding, hitting a bird, theft and fire damage. The highest amount 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 uninsured or underinsured drivers

Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family and also any damage incurred to your Mitsubishi i-MiEV.

Because many people carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time these coverages do not exceed the liability coverage limits.

Collision coverage protection

This coverage pays to fix your vehicle from damage resulting from a 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 such as scraping a guard rail, colliding with another moving vehicle, hitting a parking meter and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also raise the deductible in order to get cheaper collision rates.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like dental work, rehabilitation expenses and pain medications. They can be used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

More quotes mean more savings

Throughout this article, we presented a lot of ways to save on 2012 Mitsubishi i-MiEV insurance. It’s most important to understand that the more times you quote, the higher the chance of saving money. Consumers could even find that the lowest premium rates come from a small mutual company. Some small companies may often insure only within specific states and give getter rates than the large multi-state companies such as Progressive or GEICO.

Budget-friendly insurance coverage can be sourced both online in addition to many insurance agents, so you need to quote insurance with both to have the best rate selection. A few companies don’t offer rate quotes online and these small insurance companies provide coverage only through independent agents.

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