2001 Mitsubishi Mirage Insurance Cost

Expensive auto insurance can dwindle your personal savings, especially in this economy. Shopping your coverage around is free and is an excellent way to make sure you’re not throwing money away.

Online insurance companies like Allstate and Progressive all promote huge savings with catchy ads and it is challenging if not impossible to avoid their marketing magic and find the best price available.

Consumers need to shop coverage around before your policy renews because insurance rates fluctuate regularly. Even if you got the best deal for Mirage insurance last year the chances are good that you can find a lower rate today. So block out anything you think you know about auto insurance because you’re about to learn the right way to lower your annual insurance bill.

If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using these tips. Choosing the best insurance company for you is quite easy. But drivers need to learn how insurance companies market insurance on the web and use this information to your advantage.

Discounts are great for lower rates

Insuring your vehicles can cost a lot, but discounts can save money and there are some available that you may not know about. Certain discounts will be triggered automatically at quote time, but some may not be applied and must be requested specifically prior to getting the savings.

  • Life Insurance – Larger companies have a discount if you purchase life insurance.
  • Military Rewards – Having a family member in the military could mean lower rates.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if it’s offered in school.
  • Multiple Cars – Buying coverage for all your vehicles with the same company could earn a price break for each car.
  • Safe Driver Discount – Drivers who don’t get into accidents can pay as much as 50% less for Mirage insurance than their less cautious counterparts.
  • Discount for Swiching Early – Select companies give a discount for switching to them before your current policy expires. The savings is around 10%.
  • No Accidents – Good drivers with no accidents pay less when compared with drivers who are more careless.
  • New Car Discount – Putting insurance coverage on a new car can be considerably cheaper due to better safety requirements for new cars.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can avoid accidents and will save you 10% or more.

It’s important to note that most credits do not apply to all coverage premiums. Most only apply to specific coverage prices like liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, it just doesn’t work that way. But all discounts will bring down the cost of coverage.

For a list of companies offering auto insurance discounts, follow this link.

Mitsubishi Mirage insurance rates are influenced by…

Smart consumers have a good feel for the factors that come into play when calculating the price you pay for insurance. When you know what positively or negatively determines base rates empowers consumers to make smart changes that could result in big savings.

  • Bundling policies can get discounts – Many companies will give a discount to policyholders who consolidate policies with them, otherwise known as a multi-policy discount. Even with this discount, you may still want to compare rates to confirm you are receiving the best rates possible. You may still find a better deal by splitting coverages up.
  • Rate your vehicle for proper use – Driving more miles in a year the more you will pay for insurance. Most insurance companies price each vehicle’s coverage based on how the vehicle is used. Cars used primarily for pleasure use qualify for better rates than vehicles that are driven to work every day. An improperly rated Mirage can result in significantly higher rates. Double check that your insurance coverage shows the proper vehicle usage.
  • Older drivers pay less – Teenage drivers have a tendency to be less responsible behind the wheel so they pay higher insurance rates. Adding a youthful driver onto a policy can break the bank. Older drivers tend to be more responsible, tend to file fewer claims and receive fewer citations.
  • Lower rates with optional equipment – Driving a car with anti-theft technology or alarm system can help lower your rates. Anti-theft features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder your car from being stolen.
  • Where you live is a factor – Living in less populated areas is a positive aspect when it comes to insurance. City drivers have to deal with more traffic problems and a longer drive to work. Less people living in that area translates into fewer accidents as well as less vandalism and auto theft.

You may need specialized coverage

When it comes to buying adequate coverage, there isn’t really a perfect coverage plan. Everyone’s situation is a little different and your policy should reflect that. Here are some questions about coverages that can aid in determining whether or not you might need an agent’s assistance.

  • When should I drop full coverage on my 2001 Mitsubishi Mirage?
  • Where can I find high-risk insurance?
  • Do I pay less if my vehicle is kept in my garage?
  • Do I need rental car coverage?
  • Am I covered when driving in Canada or Mexico?
  • Am I insured when driving a different vehicle?
  • What companies insure drivers after a DUI or DWI?
  • What is the difference between comprehensive and collision coverage?
  • Is other people’s property covered if stolen from my vehicle?
  • Can my teen driver be rated on a liability-only vehicle?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Switch companies and save? Really?

Insurance companies such as 21st Century, Allstate and State Farm constantly bombard you with ads on TV and radio. They all seem to make the same claim of big savings if you switch to them. But how can every company claim to save you money? It’s all in the numbers.

All companies have a certain “appetite” for the type of driver they prefer to insure. A good example of a preferred risk could possibly be between the ages of 40 and 55, has no prior claims, and drives less than 7,500 miles a year. Any new insured who fits that profile gets the lowest rates and as a result will probably pay quite a bit less when switching companies.

Potential insureds who don’t measure up to this ideal profile must pay higher prices and this can result in the driver buying from a lower-cost company. The ad wording is “people who switch” not “everybody who quotes” save that much money. That’s why insurance companies can confidently claim big savings.

This illustrates why it’s extremely important to quote coverage with many companies. It’s just too difficult to predict which insurance company will fit your personal profile best.

Insurance coverage basics

Knowing the specifics of insurance aids in choosing which coverages you need for your vehicles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages available from insurance companies.

Collision coverage protection

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as scraping a guard rail, colliding with a tree, hitting a mailbox and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to raise the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for immediate expenses like rehabilitation expenses, dental work, ambulance fees and chiropractic care. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Coverage for liability

This provides protection from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as legal defense fees, repair bills for other people’s vehicles and court costs. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive insurance

This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from flooding, rock chips in glass, a tree branch falling on your vehicle and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

A penny earned…

We covered many ideas to get a better price on 2001 Mitsubishi Mirage insurance. The key thing to remember is the more price quotes you have, the higher the chance of saving money. You may even discover the most savings is with the least-expected company. They can often provide lower rates in certain areas than the large multi-state companies such as Allstate and Progressive.

As you restructure your insurance plan, never skimp on coverage in order to save money. In too many instances, an insured dropped liability limits or collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to purchase a proper amount of coverage at the best price.

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