2001 Mitsubishi Eclipse Spyder Insurance Quotes – 8 Savings Tips

Finding lower rates for insurance can be challenging for beginners to shopping for insurance online. Consumers have so many options available that it can turn into a challenge to find lower rates.

The purpose of this post is to teach you how car insurance quotes work and some tips to save money. If you currently have a car insurance policy, you should be able to reduce your rates substantially using this strategy. Although vehicle owners benefit from understanding the methods companies use to determine prices because it can help you find the best coverage.

Cut prices on Mitsubishi Eclipse Spyder insurance

The cost of insuring your cars can be expensive, buy you may qualify for discounts that can drop the cost substantially. Most are applied when you quote, but some may not be applied and must be specially asked for prior to receiving the credit.

  • Driver Safety – Successfully completing a driver safety course can save you 5% or more and easily recoup the cost of the course.
  • Paperwork-free – A handful of insurance companies may give you up to $50 for buying your policy online.
  • Use Seat Belts – Using a seat belt and requiring all passengers to buckle their seat belts could cut 10% or more off your PIP or medical payments premium.
  • Distant Student – Kids in college who are attending college and do not have a car can receive lower rates.
  • Discount for Swiching Early – A few companies offer discounts for switching policies prior to your current policy expiration. The savings is around 10%.
  • Life Insurance Discount – Select insurance companies reward you with better rates if you take out life insurance from them.
  • Bundle and Save – When you have multiple policies with the same insurance company you will save up to 20% off your total premium.
  • Safe Drivers – Safe drivers can pay as much as 50% less on Eclipse Spyder insurance than less cautious drivers.

It’s important to understand that most of the big mark downs will not be given to the entire policy premium. A few only apply to individual premiums such as liability and collision coverage. Even though it may seem like having all the discounts means you get insurance for free, it just doesn’t work that way. Any amount of discount will reduce your premiums.

Insurance companies that possibly offer these discounts may include but are not limited to:

It’s a good idea to ask every prospective company how you can save money. Discounts might not be offered in every state.

Compare Insurance Coverage Costs

There are several ways to compare quotes and find the best price. The easiest way to find the lowest 2001 Mitsubishi Eclipse Spyder rates is to perform an online rate comparison. This can be accomplished using a couple different methods.

  1. One of the simplest ways consumers can analyze rates would be an industry-wide quote request form click to view form in new window. This type of form saves time by eliminating repetitive form entry for every insurance coverage company. A single, simple form will get you price quotes from insurance coverage companies with the best prices. Just one form and you’re done.
  2. A harder way to analyze rates requires a visit to the website for every company you want to comare to complete a price quote. For examples sake, we’ll pretend you want to compare rates from USAA, 21st Century and Farmers. You would have to take the time to go to each site to enter your coverage information, which is why most consumers use the first method. To view a list of companies in your area, click here.
  3. The least efficient way to get comparison rates is driving around to different agent offices. Shopping for insurance coverage online makes this process obsolete unless you require the professional advice of a local agent. You can, however, obtain prices from the web but buy from a local insurance agent and we’ll cover that in a bit.

It’s your choice how you get your quotes, but ensure you’re using apples-to-apples coverages and limits on every quote you get. If you enter differing limits it will be very difficult to decipher which rate is best. Just a small difference in coverage limits may result in a large different in cost. Just keep in mind that comparing more company’s prices gives you a better chance of getting better pricing.

Tailor your coverage to you

When it comes to buying coverage for your vehicles, there isn’t really a “best” method to buy coverage. Every situation is different.

These are some specific questions might point out if you might need an agent’s assistance.

  • Why does it cost so much to insure a teen driver?
  • When should my teen driver be added to my policy?
  • Does coverage extend to a rental car in a foreign country?
  • When should I not file a claim?
  • How much liability do I need to cover my assets?
  • Does my policy pay for OEM or aftermarket parts?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form.

Slick advertising tricks that work

Insurance providers like Progressive, Geico, Allstate and State Farm constantly bombard you with ads in print and on television. They all say the same thing of big savings if you switch to them. But how can every company make almost identical claims? It’s all in the numbers.

All companies are able to cherry pick for the driver that is profitable for them. An example of a desirable insured might be between the ages of 30 and 50, has no prior claims, and chooses high deductibles. A customer getting a price quote who fits that profile gets the lowest rates and therefore will pay quite a bit less when switching companies.

Potential insureds who are not a match for the requirements must pay more money which usually ends up with the driver buying from a lower-cost company. The ads state “customers who switch” but not “drivers who get quotes” save that much. That’s why companies can state the savings.

This illustrates why drivers should get a wide range of price quotes. Because you never know which insurance companies will have the lowest Mitsubishi Eclipse Spyder insurance rates.

Car insurance coverages and their meanings

Understanding the coverages of your car insurance policy can help you determine which coverages you need and the correct deductibles and limits. Car insurance terms can be impossible to understand and coverage can change by endorsement.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like damage from flooding, damage from getting keyed, damage from a tornado or hurricane, fire damage and hail damage. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for immediate expenses for surgery, prosthetic devices and ambulance fees. They are used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Collision protection

Collision coverage will pay to fix damage to your Eclipse Spyder from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as hitting a parking meter, colliding with another moving vehicle and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability insurance

Liability coverage will cover damage or injury you incur to a person or their property that is your fault. This insurance protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, 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 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like legal defense fees, bail bonds and medical services. How much coverage you buy is a personal decision, but buy as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Mitsubishi Eclipse Spyder.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

One last thing

We’ve covered many tips how you can get a better price on 2001 Mitsubishi Eclipse Spyder insurance. The key thing to remember is the more providers you compare, the higher your chance of finding lower rates. Drivers may discover the lowest premiums are with a company that doesn’t do a lot of advertising.

Affordable insurance is definitely available from both online companies and with local insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance providers do not offer the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

People leave their current company for a number of reasons such as policy non-renewal, delays in responding to claim requests, not issuing a premium refund or questionable increases in premium. No matter why you want to switch, choosing a new insurance company is actually quite simple.

Additional insurance coverage information is available at the links below