2002 Mitsubishi Montero Sport Insurance Rates – 6 Savings Tips

Confused by the number of insurance options? You’re not alone. Consumers have so many companies to choose from that it can quickly become a big hassle to compare prices.

It’s smart to take a look at other company’s rates periodically because rates are usually higher with each renewal. Even if you got the lowest price on Montero Sport insurance six months ago you can probably find a lower rate today. Starting now, forget all the misinformation about insurance because you’re about to learn the right way to reduce your cost while increasing coverage.

Lots of discounts mean lots of savings

Companies that sell car insurance don’t always advertise every discount very clearly, so the following is a list of some of the more common and the more hidden discounts you could be receiving.

  • Multiple Vehicles – Buying coverage for multiple vehicles on one policy qualifies for this discount.
  • Drive Safe and Save – Insureds without accidents can pay as much as 50% less on Montero Sport insurance than their less cautious counterparts.
  • Distant Student – Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle may be able to be covered for less.
  • Military Discounts – Being deployed with a military unit could be rewarded with lower premiums.
  • Homeowners Discount – Simply owning a home can save you money due to the fact that maintaining a home shows financial diligence.
  • Senior Citizens – If you qualify as a senior citizen, you can possibly qualify for better auto insurance rates on Montero Sport insurance.

It’s important to understand that most discounts do not apply to the entire cost. Most cut the cost of specific coverages such as collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, you’re out of luck.

To see a list of insurers who offer auto insurance discounts, click this link.

Quick Insurance Quotes

When shopping for insurance there are multiple ways to compare rate quotes from insurance companies in your area. The easiest way by far to compare 2002 Mitsubishi Montero Sport insurance prices is to get quotes online. This can be accomplished in several different ways.

  1. Probably the best way consumers can analyze rates is to use a rate comparison form click here to open form in new window. This form eliminates the need for separate forms for every insurance company. Just one form will get you rate comparisons instantly. This is perfect if you don’t have a lot of time.
  2. A slightly less efficient method to get quotes online consists of going to the website of each company and fill out their own quote form. For instance, let’s say you want to compare rates from Nationwide, State Farm and Progressive. To find out each rate you need to go to every website and enter your policy data, which is why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

Whichever method you choose, make darn sure you compare apples-to-apples coverage limits and deductibles for each comparison quote. If you compare unequal deductibles or liability limits it will be very difficult to determine the best price for your Mitsubishi Montero Sport. Quoting even small variations in coverages may result in large price differences. Keep in mind that comparing a large number of companies helps locate better pricing.

Situations that might require an agent

When buying proper insurance coverage for your vehicles, there really is no “perfect” insurance plan. Each situation is unique.

These are some specific questions can aid in determining if your situation might need professional guidance.

  • Should I get collision insurance on every vehicle?
  • Is rental equipment covered for theft or damage?
  • Is my 2002 Mitsubishi Montero Sport covered for smoke damage?
  • How do I buy GAP insurance?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Does my policy cover me when driving someone else’s vehicle?
  • Will filing a claim cost me more?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Car insurance coverage considerations

Knowing the specifics of your car insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hitting a deer, hail damage, damage from getting keyed and hitting a bird. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like nursing services, doctor visits, prosthetic devices, chiropractic care and surgery. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible

Liability auto insurance

Liability coverage provides protection from damages or injuries you inflict on other people or property that is your fault. This coverage protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for things such as emergency aid, court costs, funeral expenses, bail bonds and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.

Collision protection

This pays for damage to your Montero Sport caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as crashing into a ditch, driving through your garage door and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

More quotes mean more savings

Lower-priced 2002 Mitsubishi Montero Sport insurance can be sourced from both online companies as well as from independent agents, so compare prices from both to have the best selection. Some insurance coverage companies don’t offer online quoting and these regional insurance providers work with independent agents.

When you buy insurance online, don’t be tempted to skimp on coverage in order to save money. Too many times, an accident victim reduced collision coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

You just read many ideas to reduce insurance prices online. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising.

Additional insurance coverage information can be read on the following sites: