How Much Does 2006 Mitsubishi Eclipse Car Insurance Cost?

Shopping for low-cost insurance coverage on the internet may be impossible for consumers not familiar with comparison shopping online. With a ridiculous number of insurers available, how can consumers have a chance to compare them all to find the cheapest rates?

It’s important to shop coverage around yearly due to the fact that insurance rates tend to go up over time. Despite the fact that you may have had the best price for Eclipse coverage on your last policy there is a good chance you can find better rates now. So just forget anything you know (or think you know) about insurance coverage because you’re going to get a crash course in the things you must know in order to remove unneeded coverages and save money.

If you currently have car insurance, you will most likely be able to reduce your rates substantially using these tips. Locating cheaper coverage is easy if you know what you’re doing. Nevertheless, drivers need to learn how big insurance companies sell insurance online because it can help you find the best coverage.

The most recommended method to compare insurance rates in your area is to realize almost all companies provide online access to give rate comparisons. The one thing you need to do is provide the companies a bit of rating information such as if a SR-22 is needed, your job, how you use your vehicles, and if your license is active. Those rating factors is then sent to multiple companies and you receive quotes very quickly.

Don’t pay full price with these discounts

Insurance can be prohibitively expensive, but you may find discounts that you may not know about. Most are applied when you purchase, but some may not be applied and must be specifically requested before you will receive the discount.

  • New Car Discount – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Pay Upfront and Save – If you pay your bill all at once instead of paying each month you could save up to 5%.
  • Sign Early and Save – Some companies give discounts for buying a policy prior to your current policy expiration. It can save you around 10%.
  • Homeowners Savings – Owning a house may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • Senior Citizens – Mature drivers can possibly qualify for a discount up to 10% for Eclipse coverage.
  • E-sign – A handful of insurance companies give back up to $50 just for signing your application online.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes are safer to drive and therefore earn up to a 10% discount.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for Eclipse coverage than less cautious drivers.

As a disclaimer on discounts, most discounts do not apply to the entire policy premium. A few only apply to specific coverage prices like medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, it just doesn’t work that way. Any amount of discount will reduce your overall premium however.

For a list of insurance companies with discount insurance coverage rates, click here.

Factors that can influence insurance rates for a Mitsubishi Eclipse

Consumers need to have an understanding of the different types of things that play a part in calculating insurance rates. Knowing what impacts premium levels helps enable you to make changes that will entitle you to lower insurance prices.

  • The more you drive the more you pay – The more miles you rack up on your Mitsubishi in a year’s time the more you’ll pay to insure your vehicle. Most insurance companies rate vehicles based on their usage. Autos that are left in the garage receive lower rates than vehicles that are driven to work every day. Verify your insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money. Incorrect usage on your Eclipse may be wasting your money.
  • Cautious drivers pay less – Drivers who don’t get tickets get better rates compared to drivers with tickets. Even a single speeding ticket can bump up the cost twenty percent or more. Drivers who have flagrant citations such as DUI or reckless driving may need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to keep their license.
  • Where you reside plays a part – Living in small towns and rural areas can save you money when talking about insurance. Drivers who live in large cities tend to have traffic congestion and much longer commute distances. Fewer drivers translates into fewer accidents as well as less vandalism and auto theft.
  • Pay less if you’re married – Being married helps lower the price on your insurance policy. It is viewed as being more mature and responsible it has been statistically shown that being married results in fewer claims.
  • Discounts for multiple policies – Many insurance companies will award you with lower prices to people who carry more than one policy. It’s known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even with this discount, you still need to compare other company rates to confirm you are receiving the best rates possible.
  • Rates may be higher depending on your occupation – Occupations such as doctors, business owners and stock brokers are shown to have the highest rates attributed to high stress and long work hours. On the other hand, occupations like actors, students and the unemployed pay the least for Eclipse coverage.
  • What are your deductibles? – Insurance for physical damage to your car, also known as collision and other-than-collision, protects your Mitsubishi from damage. A few examples of covered claims are collision with another vehicle, damage from fire, and rolling your vehicle. Your deductibles are the amount of money you are required to spend out-of-pocket before your insurance pays a claim. The more expense you have to pay, the lower your rates will be for Eclipse coverage.
  • Little extras can really add up – There are a ton of additional coverages that you can buy on your insurance policy. Things like vanishing deductibles, towing coverage and term life insurance are examples of these. These may sound like a good investment when talking to your agent, but if they’re wasting money remove them from your policy.

Your personal situation dictates your coverage

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Each situation is unique.

These are some specific questions can help discover if you would benefit from professional advice.

  • Can my teen drive my company car?
  • Does coverage extend to my business vehicle?
  • Should I get collision insurance on every vehicle?
  • Am I covered when driving a rental car?
  • Should I buy full coverage?
  • Why am I required to get a high-risk car insurance policy?
  • Should I buy additional glass protection?
  • Are all vehicle passengers covered by medical payments coverage?

If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, complete this form.

How can State Farm, Geico and Progressive save drivers who switch?

Car insurance companies such as State Farm, Geico and Progressive regularly use ads on television and other media. They all seem to make an identical promise that you can save if you move your coverage to them. How can each company say the same thing? This is how they do it.

Different companies are able to cherry pick for the driver that makes them money. An example of a desirable insured might be over the age of 40, has no tickets, and drives newer vehicles. Any new insured who meets those qualifications will get very good rates and therefore will save when they switch companies.

Potential customers who don’t qualify for these standards will be quoted more money and ends up with business not being written. The ads state “drivers who switch” not “everyone that quotes” save that kind of money. This is how companies can truthfully claim big savings.

This emphasizes why it’s extremely important to get as many quotes as possible. You cannot predict the company that will provide you with the cheapest Mitsubishi Eclipse insurance rates.

Learn about car insurance coverages for a 2006 Mitsubishi Eclipse

Knowing the specifics of a car insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive coverages

This pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like vandalism, damage from getting keyed, damage from a tornado or hurricane, hitting a bird and theft. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Mitsubishi Eclipse.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages are set the same as your liablity limits.

Collision insurance

Collision insurance pays for damage to your Eclipse resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like colliding with another moving vehicle, crashing into a ditch, backing into a parked car and crashing into a building. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also raise the deductible to bring the cost down.

Liability coverage

Liability coverage will cover damages or injuries you inflict on a person or their property. This insurance protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as repair costs for stationary objects, emergency aid and pain and suffering. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like chiropractic care, EMT expenses, hospital visits and funeral costs. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Buy online or local, you save

In this article, we covered quite a bit of information on how to lower your 2006 Mitsubishi Eclipse insurance rates. The key concept to understand is the more you quote, the better your comparison will be. Drivers may discover the lowest rates come from some of the lesser-known companies.

People who switch companies do it for many reasons like not issuing a premium refund, unfair underwriting practices, policy cancellation and an unsatisfactory settlement offer. Whatever your reason, choosing a new company can be easy and end up saving you some money.

Cheap insurance can be purchased from both online companies as well as from independent agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies don’t offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

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