Cheap 2001 Mitsubishi Montero Car Insurance Rates

Looking for the cheapest insurance coverage rates for your Mitsubishi Montero? Price shopping your insurance coverage can seem to be challenging for consumers new to buying insurance online. People have so many options available that it can easily become a ton of work to compare prices.

The most recommended method to compare rate quotes is to realize car insurance companies participate in online systems to provide you with a free rate quote. The only thing you need to do is provide a little information like what your job is, whether the vehicles are used for commuting, coverage limits, and daily mileage. Your details is instantly submitted to many of the top insurers and you receive quotes with very little delay.

To start a rate quote now, click here and find out if you can get cheaper insurance.

Pay less for 2001 Mitsubishi Montero insurance

Companies offering auto insurance don’t necessarily list all their discounts very well, so we researched both the well known and the more hidden auto insurance savings.

  • Seat Belts Save more than Lives – Requiring all passengers to use a seat belt can save up to 15% off your medical payments premium.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Mitsubishi can qualify you for lower rates on the low mileage vehicles.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems are safer to drive and earn discounts up to 10%.
  • Service Members Pay Less – Having a deployed family member can result in better rates.
  • Homeowners Savings – Simply owning a home can save you money because owning a home is proof that your finances are in order.
  • College Student – Youth drivers living away from home attending college and do not have a car can be insured at a reduced rate.
  • Pay Upfront and Save – By paying your policy upfront rather than paying monthly you could save 5% or more.
  • Multiple Policy Discount – When you have multiple policies with the same company you may save up to 20% off your total premium.
  • Drivers Ed for Students – Have your child take driver’s ed class in high school.

Consumers should know that most discount credits are not given to the entire cost. Some only reduce the price of certain insurance coverages like liability and collision coverage. Just because you may think all those discounts means the company will pay you, it doesn’t quite work that way.

Companies who might offer some of the above discounts may include but are not limited to:

Check with each insurance company which discounts you may be entitled to. Discounts might not apply in every state.

Mitsubishi Montero insurance premiums are calculated by many factors

Smart consumers have a good feel for the factors that come into play when calculating the price you pay for car insurance. Understanding what impacts premium levels allows you to make educated decisions that could result in big savings.

  • Rates may be higher depending on your occupation – Careers like judges, business owners and dentists have the highest average rates in part from high stress levels and lengthy work days. Other occupations such as scientists, historians and the unemployed get better rates for Montero coverage.
  • Your credit rating is important – Having a bad credit rating is a large factor in determining what you pay for car insurance. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers with lower ratings. Therefore, if your credit score can use some improvement, you could save money insuring your 2001 Mitsubishi Montero by spending a little time repairing your credit.
  • Your spouse saves you money – Having a spouse can get you a discount on your policy. Having a significant other is viewed as being more mature and responsible and it’s statistically proven that married drivers get in fewer accidents.
  • Policy add-ons can waste money – There are many add-on coverages that you can get tricked into buying on your car insurance policy. Coverages for personal injury protection, accidental death and additional equipment coverage are some examples. They may seem good initially, but now you might not need them so eliminate them to save money.
  • Careful drivers pay lower rates – A bad driving record has a lot to do with how much you pay for insurance. Careful drivers receive lower rates than people who have multiple driving citations. Just one moving violation can boost insurance rates forty percent or more. If you have severe violations like reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
  • Women pay lower rates – Statistics demonstrate that women are safer drivers than men. Now that doesn’t mean women are BETTER drivers than men. They both tend to get into accidents in similar percentages, but the male of the species tend to have more serious accidents. Men also tend to get more serious tickets like reckless driving and DUI.
  • Big city or small town – Being located in less populated areas has it’s advantages when insuring your vehicles. Fewer drivers translates into fewer accidents and a lower car theft rate. Drivers who live in large cities regularly have congested traffic and much longer commute distances. Higher commute times translates into higher accident risk.

Tailor your coverage to you

When it comes to choosing adequate coverage, there really is not a cookie cutter policy. Everyone’s situation is unique.

For instance, these questions might point out if your insurance needs would benefit from professional advice.

  • Do I need to file an SR-22 for a DUI in my state?
  • Is my Mitsubishi Montero covered if I use it for business?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Are all vehicle passengers covered by medical payments coverage?
  • I have health insurance so do I need medical payments coverage?
  • Is my business laptop covered if it gets stolen from my vehicle?

If you can’t answer these questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form.

Specifics of your insurance policy

Learning about specific coverages of your insurance policy helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Liability coverages

Liability insurance can 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. It does not 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. As an example, you may have limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for claims like funeral expenses, structural damage, emergency aid and court costs. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your 2001 Mitsubishi Montero.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Comprehensive coverage

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as a broken windshield, hitting a deer and damage from flooding. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for short-term medical expenses for pain medications, chiropractic care and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Collision protection

Collision coverage pays for damage to your Montero resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like driving through your garage door, damaging your car on a curb and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible to bring the cost down.

More effort can pay off

As you restructure your insurance plan, make sure you don’t skimp on coverage in order to save money. There are too many instances where an insured cut collision coverage and learned later that they should have had better coverage. Your aim should be to buy the best coverage you can find for the lowest price.

In this article, we presented some good ideas how you can lower your 2001 Mitsubishi Montero insurance rates. The most important thing to understand is the more companies you get rates for, the better likelihood of reducing your rate. Consumers may even find the lowest priced car insurance comes from a small local company.

Insureds change insurance companies for many reasons like high prices, poor customer service, not issuing a premium refund or unfair underwriting practices. Regardless of your reason, choosing a new insurance company can be easy and end up saving you some money.

More resources