2003 Mitsubishi Montero Car Insurance Cost

Trying to find cheaper insurance coverage rates for your Mitsubishi Montero? If online insurance coverage comparisons are new to you, you can be overwhelmed by the hoards of online insurance coverage companies and websites selling insurance.

Finding Insurance Coverage Deals

To find the best insurance coverage prices, there are several ways to compare quotes from local insurance coverage companies. By far the easiest way to compare 2003 Mitsubishi Montero insurance prices is simply to get online rate quotes. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  1. One of the simplest ways to compare a lot of rates at once is to use a rate comparison form click to view form in new window. This type of form prevents you from having to do repetitive form submissions for each company. Just one form gets you price quotes from all major companies. It’s definitely the quickest method.
  2. A slightly less efficient method to get comparison quotes is spending the time to visit the website of each company and fill out their own quote form. For instance, let’s say you want to compare rates from State Farm, Progressive and Travelers. To get each rate you have to spend time on each company’s site and enter your information, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.

Whichever way you use, make darn sure you compare exactly the same coverage information for each price quote. If you have different limits and deductibles on each one it will be very difficult to make a fair comparison for your Mitsubishi Montero. Having just a slight variation in coverages can mean a large discrepancy in price. Keep in mind that getting more free quotes provides better odds of finding a lower rate.

Do you qualify for a discount?

Properly insuring your vehicles can get expensive, but there are discounts available to help bring down the price. Some discounts apply automatically when you complete an application, but a few need to be asked for prior to getting the savings.

  • Clubs and Organizations – Belonging to a qualifying organization could qualify you for a break when buying auto insurance on Montero insurance.
  • Sign Early and Save – Some companies give discounts for switching policies before your current expiration date. It can save you around 10%.
  • Service Members Pay Less – Being on active duty in the military can result in better rates.
  • Life Insurance Discount – Some companies give a break if you buy a life insurance policy as well.
  • Passive Restraint Discount – Factory air bags or automatic seat belts may earn rate discounts up to 30%.
  • Drive Less and Save – Low mileage vehicles can earn discounted rates on garaged vehicles.
  • Auto/Home Discount – When you have multiple policies with the same insurance company you may earn 10% to 20% off each policy.

It’s important to note that most credits do not apply to the entire cost. Some only apply to individual premiums such as comp or med pay. So despite the fact that it appears you can get free auto insurance, it just doesn’t work that way. But all discounts will bring down the cost of coverage.

Car insurance companies who might offer some of the above discounts include:

Before buying, ask each company what discounts are available to you. Some discounts might not be offered in your area.

What coverages do I need?

When choosing coverage, there is no perfect coverage plan. Everyone’s situation is unique.

Here are some questions about coverages that might help in determining if your insurance needs could use an agent’s help.

  • What is covered by UM/UIM coverage?
  • Is my trailer covered?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • When should I not file a claim?
  • How many claims can I have before being cancelled?
  • What is UM/UIM insurance?
  • Do I have any recourse if my insurance company denies a claim?
  • Does my policy pay for OEM or aftermarket parts?
  • Does insurance cover damages from a DUI accident?
  • Am I better off with higher deductibles on my 2003 Mitsubishi Montero?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Why your Mitsubishi Montero insurance rates may be high

Smart consumers have a good feel for the factors that come into play when calculating your auto insurance rates. When you know what positively or negatively determines base rates enables informed choices that may reward you with better auto insurance rates.

The list below includes some of the factors auto insurance companies consider when setting rates.

  • Little extras can really add up – There are a ton of extra bells and whistles that you can buy on your 2003 Montero policy. Things like vanishing deductibles, towing coverage and additional equipment coverage are examples of these. They may seem good when talking to your agent, but now you might not need them so remove them from your policy.
  • High credit ratings translate to low rates – Having a bad credit history is a huge factor in determining your rates. If your credit score is not that good, you could pay less to insure your 2003 Mitsubishi Montero by spending a little time repairing your credit. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers who have lower credit scores.
  • Battle of the sexes – Statistics demonstrate women are more cautious behind the wheel. However, don’t assume that men are WORSE drivers than women. They both cause accidents in similar percentages, but the males cause more damage and cost insurance companies more money. They also have more aggressive citations such as reckless driving.
  • Liability coverage protects you – Your policy’s liability coverage is the protection when a court rules you are at fault for causing damage or personal injury in an accident. Liability provides legal defense coverage starting from day one. Liability insurance is quite affordable as compared to coverage for physical damage, so drivers should carry high limits.

Is there truth in advertising?

Progressive, Allstate and Geico continually stream television and radio advertisements. All the companies say the same thing that you’ll save big after switching to their company. How does each company claim to save you money? It’s all in the numbers.

All the different companies have a certain “appetite” for the driver they prefer to insure. An example of a profitable customer might be profiled as between the ages of 30 and 50, has no prior claims, and drives newer vehicles. A driver who meets those qualifications will qualify for the lowest rates and therefore will cut their rates substantially.

Consumers who don’t measure up to this ideal profile will have to pay a more expensive rate and this can result in business going elsewhere. The ad wording is “drivers who switch” not “everybody who quotes” save that much. That is how insurance companies can confidently claim big savings.

Because of the profiling, you need to get as many comparisons as possible. It’s impossible to know which insurance companies will provide you with the cheapest Mitsubishi Montero insurance rates.

Auto insurance coverage options for a 2003 Mitsubishi Montero

Understanding the coverages of auto insurance aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Liability coverages – This will cover damage that occurs to people or other property. This insurance protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability insurance covers things like funeral expenses, repair costs for stationary objects and court costs. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive protection – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as hitting a bird, damage from flooding and theft. The maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Mitsubishi Montero.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liablity limits.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for expenses for ambulance fees, doctor visits and prosthetic devices. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Collision coverages – This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as sustaining damage from a pot hole, driving through your garage door, backing into a parked car, rolling your car and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Affordable insurance is out there

You just read many ways to reduce 2003 Mitsubishi Montero insurance prices online. It’s most important to understand that the more times you quote, the higher the chance of saving money. You may be surprised to find that the lowest priced car insurance comes from a smaller regional carrier.

People leave their current company for any number of reasons including delays in responding to claim requests, high rates after DUI convictions, an unsatisfactory settlement offer and even policy non-renewal. It doesn’t matter why you want to switch finding a new company is not as difficult as it may seem.

While you’re price shopping online, it’s not a good idea to buy less coverage just to save a little money. In many cases, someone sacrificed comprehensive coverage or liability limits to discover at claim time that it was a big mistake. The aim is to buy a smart amount of coverage at the best price while still protecting your assets.

Much more information about car insurance is available on the following sites: