How Much Does 2014 Mitsubishi i-MiEV Insurance Cost?

Having to pay for high-priced Mitsubishi i-MiEV insurance can eat up your accounts and make it hard to pay other bills. Doing a rate comparison is an excellent way to slash your bill and have more diposable income.

Due to the increasing number of options when it comes to car insurance, it can be hard to choose the right car insurance company.

Lower your insurance rates

Lots of factors are part of the calculation when you get a price on insurance. Some factors are common sense like your driving record, but other criteria are not quite as obvious like your vehicle usage or how safe your car is.A large part of saving on auto insurance is knowing the rating factors that go into determining the level of your policy premiums. When you know what positively or negatively determines base rates, this allows you to make good choices that can earn you lower auto insurance prices.

The items below are just a few of the factors used by companies to determine your prices.

  • High credit scores save money – A driver’s credit score is likely to be a major factor in determining what you pay for auto insurance. People that have very high credit ratings tend to be better risks to insure than drivers who have worse credit. Therefore, if your credit history is low, you could potentially save money when insuring your 2014 Mitsubishi i-MiEV by spending a little time repairing your credit.
  • Females tend to take less risk – Statistics demonstrate women tend to be less risk to insure than men. It does not mean men are worse drivers. Females and males have accidents in similar percentages, but guys cause more damage. Not only that, but men also get more serious tickets like reckless driving and DUI.
  • Liability coverage risk factors in – Your auto insurance policy’s liability coverage will provide protection if ever you are found liable for damages caused by your negligence. Your policy’s liability insurance provides for a legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • With age comes responsibility – Older drivers are more responsible, are lower risk to insure and are safer drivers.Inexperience drivers have a tendency to be inattentive when at the wheel of a vehicle so auto insurance rates are higher.

More affordable rates with these car insurance discounts

Properly insuring your vehicles can get expensive, but there could be available discounts that may help make it more affordable. A few discounts will automatically apply when you quote, but a few must be manually applied prior to getting the savings.

  • Multi-car Discount – Drivers who insure primary and secondary vehicles on one policy can get a discount for every vehicle.
  • Payment Discounts – If you can afford to pay the entire bill rather than paying monthly you may have a lower total premium amount.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive so companies give up to a 10% discount.
  • Homeowners Savings – Being a homeowner can save a few bucks because maintaining a house is proof that your finances are in order.
  • Discounts for Government Workers – Employees or retirees of the government could qualify for a slight premium decrease for i-MiEV coverage with select insurance companies.
  • College Student – College-age children who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.

Remember that many deductions do not apply to the overall cost of the policy. Most only apply to specific coverage prices like comprehensive or collision. Despite the fact that it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. But all discounts should help reduce the premium cost.

To find car insurance companies who offer discounts, click this link.

Auto insurance can get complicated

When it comes to choosing the right insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is a little different so this has to be addressed. These are some specific questions may help highlight if your situation might need an agent’s assistance.

  • Am I covered if I drive in a foreign country?
  • Does my insurance cover my expensive audio equipment?
  • Can I rate high risk drivers on liability-only vehicles?
  • Does my personal policy cover me when driving out-of-state?
  • Is my teenager covered with friends in the car?
  • How much underlying liability do I need for an umbrella policy?
  • Exactly who is provided coverage by my policy?
  • How can I find cheaper teen driver insurance?

If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Educate yourself about insurance coverages

Knowing the specifics of insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. These are typical coverages offered by insurance companies.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as surgery, hospital visits, nursing services, prosthetic devices and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Auto liability insurance

Liability coverage can cover injuries or damage you cause to people or other property. It protects you from claims by other people, and 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 policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for claims such as medical expenses, medical services and pain and suffering. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.

Collision coverage

Collision insurance covers damage to your i-MiEV resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as driving through your garage door, backing into a parked car, hitting a parking meter and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. It’s also possible to increase the deductible to bring the cost down.

Comprehensive or Other Than Collision

This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like rock chips in glass, falling objects, hail damage, hitting a deer and a broken windshield. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

UM/UIM Coverage

Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

A penny saved is a penny earned

In this article, we presented a lot of tips how to compare 2014 Mitsubishi i-MiEV insurance rates online. The key concept to understand is the more rate quotes you have, the better your chances of lowering your car insurance rates. Consumers may even find the lowest rates are with the smaller companies. These companies may cover specific market segments cheaper as compared to the big name companies such as GEICO and State Farm.

Affordable 2014 Mitsubishi i-MiEV insurance is attainable from both online companies in addition to local insurance agencies, and you need to comparison shop both so you have a total pricing picture. Some insurance companies don’t offer the ability to get a quote online and these smaller providers prefer to sell through independent insurance agencies.

To learn more, take a look at the resources below: