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.
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.
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.
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.
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.
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.
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.
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.
Additional information is available on the following sites: