Pretty sure you bought an underperforming, overpriced car insurance policy? Don’t sweat it because many consumers are in the same pinch.
Companies like Progressive, GEICO and Farmers Insurance constantly bombard you with fancy advertisements and it is challenging if not impossible to see past the corporate glitz and do the work needed to find the best deal.
Smart consumers take time to price shop coverage every six months because car insurance prices go up and down regularly. Just because you had the best deal for Outlander insurance a year ago you can probably find a lower rate today. There are a lot of ways to save on car insurance out there, but in just a couple of minutes you can learn some great ways to lower your car insurance rates.
Auto insurance companies don’t necessarily list every available discount very clearly, so the list below details both well-publicized and the harder-to-find car insurance savings.
As a disclaimer on discounts, some of the credits will not apply to the entire policy premium. Some only reduce individual premiums such as medical payments or collision. So even though it sounds like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.
A partial list of companies that may offer quotes with some of the discounts shown above include:
When getting free insurance coverage quotes, it’s a good idea to each company how you can save money. Discounts may not be offered in every state. To find car insurance companies that offer the discounts shown above, click here.
When buying proper insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Every insured’s situation is different so your insurance should reflect that For example, these questions may help highlight if your situation might need professional guidance.
If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Understanding the coverages of your policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find the normal coverages found on most auto insurance policies.
Medical expense insurance
Medical payments and Personal Injury Protection insurance reimburse you for expenses for surgery, prosthetic devices, dental work, ambulance fees and doctor visits. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Comprehensive (Other than Collision)
This pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like fire damage, vandalism and hitting a deer. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Collision insurance will pay to fix damage to your Outlander from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.
Collision insurance covers things like rolling your car, hitting a parking meter, damaging your car on a curb and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to choose a higher deductible to bring the cost down.
This coverage will cover injuries or damage you cause to other people or property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.
Liability coverage protects against claims such as attorney fees, repair costs for stationary objects and pain and suffering. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.
Protection from uninsured/underinsured drivers
This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Mitsubishi Outlander.
Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
As you go through the steps to switch your coverage, it’s not a good idea to buy less coverage just to save a little money. There are a lot of situations where drivers have reduced comprehensive coverage or liability limits only to discover later that the savings was not a smart move. The aim is to purchase a proper amount of coverage at an affordable rate.
A few companies do not provide online rate quotes and these smaller providers only sell coverage through local independent agencies. Budget-conscious 2013 Mitsubishi Outlander insurance is definitely available online and from local insurance agents, so you need to compare both so you have a total pricing picture.
Much more information about insurance is available at the links below