View 1995 Mitsubishi 3000GT Insurance Quotes

Searching for better car insurance rates for your Mitsubishi 3000GT? Having to pay for overpriced car insurance can take a big chunk out of your bank account, especially in this economy. Doing a price comparison is a great way to tighten up your finances. With consumers having so many car insurance companies to choose from, it’s nearly impossible to choose the best insurance company.

The purpose of this post is to teach you the best way to quote coverages and some tips to save money. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using this information. Drivers just need to understand the proper way to compare price quotes over the internet.

Factors determining your Mitsubishi 3000GT insurance premium

An important part of buying insurance is that you know the rating factors that play a part in calculating your insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that will entitle you to much lower annual insurance costs.

Shown below are a partial list of the pieces that factor into prices.

  • Lower rates come with age – Older drivers are more cautious drivers, tend to file fewer claims and get fewer tickets. Young drivers tend to be less responsible behind the wheel therefore insurance rates are much higher.
  • High numbers of claims are not good – Car insurance companies award cheaper rates to people who do not file claims often. If you frequently file small claims, you can definitely plan on higher rates. Car insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Policy add-ons can waste money – There are many add-on coverages that you can buy on your insurance policy. Things like personal injury protection, towing coverage and additional equipment coverage are examples of these. These coverages may sound good initially, but now you might not need them so remove them from your policy.
  • Equipment add-ons that lower insurance rates – Owning a car that has an advanced theft prevention system can help bring down rates. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent auto theft.

Don’t overlook these discounts

Properly insuring your vehicles can get expensive, but you can get discounts that you may not know about. Certain discounts will be triggered automatically when you complete an application, but some must be requested specifically before they will apply. If they aren’t giving you every credit possible, you’re paying more than you need to.

  • Anti-lock Brake System – Anti-lock brake equipped vehicles can avoid accidents and will save you 10% or more.
  • Passive Restraints – Factory air bags or motorized seat belts may earn rate discounts up to 30%.
  • Theft Prevention Discount – Anti-theft and alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Discount for Good Grades – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you until age 25.
  • Government Employees – Simply working for the federal government could cut as much as 10% off for 3000GT coverage with a few insurance coverage companies.
  • Organization Discounts – Participating in certain professional organizations could qualify you for a break on your policy for 3000GT coverage.
  • Drive Less and Save – Fewer annual miles on your Mitsubishi can earn better rates on cars that stay parked.

As a disclaimer on discounts, many deductions do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, it doesn’t quite work that way. Any amount of discount will reduce your premiums.

For a list of insurance companies who offer insurance coverage discounts, follow this link.

Do you really save 40% when you switch?

Consumers get pounded daily by advertisements for the lowest price auto insurance by Geico, State Farm and Progressive. All the companies make the same claim of big savings after switching to their company.

But how can every company claim to save you money? This is how they do it.

All companies have a preferred profile for the right customer that makes them money. For instance, a profitable customer might be profiled as between the ages of 30 and 50, is a homeowner, and drives newer vehicles. A customer getting a price quote who matches those parameters receives the best rates and most likely will save quite a bit of money when switching.

Potential customers who fall outside this ideal profile will be quoted higher prices which leads to business going elsewhere. The ads state “people who switch” but not “drivers who get quotes” save that kind of money. This is how companies can advertise the savings.

This emphasizes why drivers should quote coverage with many companies. Because you never know the company that will fit your personal profile best.

Is my situation unique?

When buying the best insurance coverage for your vehicles, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions could help you determine if your insurance needs might need an agent’s assistance.

  • Do I have coverage when making deliveries for my home business?
  • Exactly who is provided coverage by my policy?
  • How does medical payments coverage work?
  • Does coverage extend to a rental car in a foreign country?
  • Is pleasure use cheaper than using my 1995 Mitsubishi 3000GT to commute?
  • Is there coverage for injuries to my pets?
  • What is the minimum liability in my state?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Information about specific coverages

Having a good grasp of your policy can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverage types available from car insurance companies.

Liability insurance

Liability coverage protects you from damage that occurs to other’s property or people by causing an accident. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like attorney fees, repair bills for other people’s vehicles and emergency aid. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like rock chips in glass, damage from flooding, damage from a tornado or hurricane and hitting a bird. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Mitsubishi 3000GT.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is very important. Frequently these limits are set the same as your liablity limits.

Auto collision coverage

This covers damage to your 3000GT caused by collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as damaging your car on a curb, crashing into a ditch, sideswiping another vehicle, driving through your garage door and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as prosthetic devices, hospital visits and chiropractic care. They can be utilized in addition to your health insurance plan or if you do not have health coverage. It covers both the driver and occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Knowledge is power

Budget-conscious 1995 Mitsubishi 3000GT insurance can be purchased from both online companies and with local insurance agents, and you need to comparison shop both in order to have the best chance of saving money. A few companies do not offer online price quotes and many times these small, regional companies only sell through independent insurance agents.

We just showed you many tips how you can save on insurance. It’s most important to understand that the more providers you compare, the better your comparison will be. Drivers may discover the best price on insurance is with some of the smallest insurance companies. These companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive or Geico.

As you go through the steps to switch your coverage, it’s not a good idea to reduce coverage to reduce premium. In many instances, an insured cut uninsured motorist or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The aim is to buy a smart amount of coverage at the best price.

More resources