Compare 1994 Mitsubishi Precis Car Insurance Cost

Having to pay for overpriced Mitsubishi Precis insurance can overdraw your personal savings and force you to prioritize other expenses. Shopping your coverage around is free, only takes a few minutes, and is a good way to cut your insurance bill. Insurance companies such as Progressive, State Farm and Geico persitently shower you with TV and radio ads and it is challenging if not impossible to see past the corporate glitz and take the time to shop coverage around.

It’s smart to get comparison quotes every six months since rates trend upward over time. Just because you found the best price on Precis coverage six months ago there may be better deals available now. There is too much inaccurate information about insurance on the web, but I’m going to show you some solid techniques on how to quit paying high insurance rates.

Do you qualify for a discount?

Companies that sell car insurance don’t always list all available discounts in an easy-to-find place, so we took the time to find both the well known and the harder-to-find savings tricks you should be using. If they aren’t giving you every credit possible, you’re just leaving money on the table.

  • Government Employees – Simply working for the federal government can earn a discount up to 10% on Precis coverage with certain companies.
  • Auto/Home Discount – When you have multiple policies with the same company you may save at least 10% off all policies.
  • Organization Discounts – Participating in a professional or civic organization may earn a discount when buying auto insurance on Precis coverage.
  • Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts could save 15% off the personal injury premium cost.
  • Accident Free – Good drivers with no accidents can earn big discounts as compared to frequent claim filers.
  • Student in College – Youth drivers who live away from home and do not have access to a covered vehicle may be able to be covered for less.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to complete a driver education course if it’s offered in school.
  • Accident Forgiveness – Some insurance companies permit an accident before your rates go up as long as you don’t have any claims prior to the accident.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.

It’s important to note that some of the credits will not apply the the whole policy. Most only cut the cost of specific coverages such as liability and collision coverage. So even though they make it sound like you could get a free auto insurance policy, auto insurance companies aren’t that generous.

To see a list of providers who offer auto insurance discounts, click here.

Your Mitsubishi Precis insurance rate is a complex equation

Smart consumers have a good feel for the rating factors that play a part in calculating your insurance rates. Understanding what influences your rates helps enable you to make changes that may reward you with better insurance rates.

Shown below are a few of the “ingredients” that factor into rates.

  • Choose a safe vehicle and save – Safer cars can get you lower premiums. Safe vehicles have better occupant injury protection and any reduction in injury severity translates into savings for insurance companies and thus lower rates. If the Mitsubishi Precis has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • Increase deductibles and save – Your deductibles define the amount you are required to spend in the event of a claim. Physical damage insurance, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. A few examples of covered claims would be running into the backend of another car, damage caused by hail, or theft. The more you have to pay, the less your insurance will be on Precis coverage.
  • Men are more aggressive – Statistics have proven that men are more aggressive behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Both sexes cause accidents at a similar rate, but the men cause more damage. Men also statistically have more aggressive citations such as DWI and reckless driving. Youthful male drivers are several times more likely to be in an accident and thus pay the highest rates.
  • Where you reside plays a part – Being located in less populated areas has it’s advantages when it comes to insurance. Fewer people means reduced accidents as well as less vandalism and auto theft. Drivers who live in large cities have to deal with congested traffic and much longer commute distances. More time on the road translates into higher accident risk.
  • Never go without insurance – Allowing your coverage to lapse is a sure-fire way to increase your insurance rates. And not only will insurance be more expensive, but not being able to provide proof of insurance may earn you a license revocation or jail time.Then you may be required to file a SR-22 with your state motor vehicle department.
  • You might want pay the small claims yourself – If you tend to file frequent claims, you can look forward to higher rates. Companies give cheaper rates to people who do not rely on their insurance for small claims. Insurance coverage is intended for larger claims.
  • Bundling policies can get discounts – Most insurance companies will give a discount to customers who buy several policies from them, otherwise known as a multi-policy discount. If you currently are using one company, it’s still a good idea to shop around to confirm you are receiving the best rates possible.

What coverages do I need?

When it comes to buying coverage, there is no one size fits all plan. Every situation is different so your insurance needs to address that. Here are some questions about coverages that could help you determine if you could use an agent’s help.

  • Do I need PIP (personal injury protection) coverage in my state?
  • I have a DUI can I still get coverage?
  • What is the minimum liability in my state?
  • Will filing a claim cost me more?
  • Do I need roadside assistance coverage?
  • Is business equipment covered while in my vehicle?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk 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. It is quick, free and may give you better protection.

Car insurance coverages and their meanings

Understanding the coverages of a car insurance policy can be of help when determining 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 car insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Mitsubishi Precis.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Liability coverage

Liability coverage protects you from damages or injuries you inflict on people or other property that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things such as attorney fees, medical services, funeral expenses, repair costs for stationary objects and legal defense fees. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as EMT expenses, chiropractic care, hospital visits, pain medications and dental work. The coverages can be utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things such as rolling your car, crashing into a ditch and backing into a parked car. This coverage can be expensive, so consider removing coverage from older vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive insurance

This coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as rock chips in glass, hitting a deer, damage from a tornado or hurricane, hitting a bird and a broken windshield. The maximum amount your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

What is YOUR best insurance company?

We just showed you some good ideas how to lower your 1994 Mitsubishi Precis insurance rates. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. You may be surprised to find that the biggest savings come from the least-expected company. Some small companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm, Geico and Nationwide.

As you restructure your insurance plan, you should never sacrifice coverage to reduce premiums. There are a lot of situations where an insured dropped physical damage coverage only to discover later that it was a big error on their part. Your aim should be to purchase a proper amount of coverage at the best price.

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