Compare 2008 Mitsubishi Endeavor Car Insurance Rates

Looking for better car insurance rates for your Mitsubishi Endeavor? Shopping for affordable car insurance on the web is challenging for consumers not familiar with buying insurance online. Because there are so many online companies, how can you have a chance to compare them all to find the best available rates?

Factors influencing Mitsubishi Endeavor insurance rates

It’s important that you understand some of the elements that come into play when calculating your auto insurance rates. Knowing what influences your rates helps enable you to make changes that may reward you with much lower annual insurance costs.

  • Your stress level may be raising your rates – Did you know your auto insurance rates can be affected by your occupation? Careers like lawyers, executives and dentists tend to pay the highest average rates because of high stress levels and lengthy work days. Other professions such as farmers, historians and homemakers have the lowest average rates for Endeavor coverage.
  • Consolidate policies to earn discounts – Many insurers provide better rates to insureds who carry more than one policy, otherwise known as a multi-policy discount. If you currently are using one company, it’s still a good idea to compare rates to ensure the best deal. You may still find better rates by buying auto insurance from a different company.
  • Do you have enough liability coverage? – Liability insurance is the protection when a court rules you are at fault for damages from an accident. Liability insurance provides legal defense coverage starting from day one. Liability insurance is quite affordable compared to physical damage coverage, so do not cut corners here.
  • Being married can save on auto insurance – Being married can actually save you money when buying auto insurance. Having a significant other means you’re more responsible it has been statistically shown that being married results in fewer claims.
  • Bad driving skills means higher rates – Careful drivers get better rates than people who have multiple driving citations. Only having one ticket can boost insurance rates by as much as thirty percent. Drivers with severe tickets such as reckless driving, hit and run or driving under the influence are required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
  • Always keep insurance in force – Driving without insurance is illegal and as a result your rates will increase for letting your coverage lapse. And not only will insurance be more expensive, getting caught without coverage can result in a license revocation or jail time.You may need to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
  • Safer occupants lowers premiums – Safer cars get lower rates. Safer cars result in less severe injuries and fewer injuries translates into fewer and smaller insurance claims passed on to you as lower rates. If the Mitsubishi Endeavor earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • Where you live – Residing in a small town has it’s advantages when it comes to auto insurance. Urban drivers have congested traffic and longer commutes to work. Fewer drivers means a lower chance of having an accident and also fewer theft and vandalism claims.

Are you getting all your discounts?

Auto insurance companies don’t necessarily list every available discount very well, so here is a list both the well known and the harder-to-find ways to save on insurance coverage.

  • Discount for New Cars – Insuring a new car can be considerably cheaper due to better safety requirements for new cars.
  • Early Switch Discount – Some companies give discounts for buying a policy prior to your current policy expiring. It’s a savings of about 10%.
  • Driver Safety – Completing a course in driver safety could cut 5% off your bill and easily recoup the cost of the course.
  • Homeowners Pay Less – Being a homeowner can save you money because owning a home shows financial diligence.
  • Low Mileage Discounts – Keeping the miles down on your Mitsubishi can earn a substantially lower rate.
  • Life Insurance Discount – Larger companies have lower rates if you buy life insurance from them.
  • Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts may earn rate discounts up to 30%.
  • Claim Free – Drivers who don’t have accidents pay less compared to bad drivers.

Consumers should know that most discount credits are not given to the entire policy premium. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, it doesn’t quite work that way.

A partial list of companies that possibly offer these discounts may include but are not limited to:

Before buying, ask each insurance company what discounts are available to you. Savings might not apply everywhere.

Ads can be misleading

State Farm, Geico and Progressive continually stream ads in print and on television. All the companies say the same thing that you can save after switching to them. But how can every company make the same claim? This is how they do it.

Different companies can use profiling for the type of customer they prefer to insure. A good example of a driver they prefer could be between 25 and 40, is a homeowner, and has great credit. Any new insured who meets those qualifications will qualify for the lowest rates and most likely will save quite a bit of money when switching.

Potential customers who fall outside these standards will have to pay a higher premium which usually ends up with business going elsewhere. The ad wording is “drivers who switch” not “everybody who quotes” save that kind of money. This is how insurance companies can make the claims of big savings. Because of the profiling, it is so important to compare as many rates as you can. It’s impossible to know the company that will provide you with the cheapest Mitsubishi Endeavor insurance rates.

Tailor your coverage to you

When buying adequate coverage for your personal vehicles, there is no single plan that fits everyone. Each situation is unique.

For example, these questions may help highlight if you may require specific advice.

  • How much liability do I need to cover my assets?
  • Is my custom paint covered by insurance?
  • What is high-risk coverage and where do I buy it?
  • Do I have newly-aquired coverage?
  • Do I need replacement cost coverage?
  • What is medical payments coverage?
  • Am I covered if I drive in a foreign country?
  • Is my teenager covered with friends in the car?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, complete this form.

Educate yourself about auto insurance coverages

Understanding the coverages of your policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring.

Comprehensive coverages – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as fire damage, damage from a tornado or hurricane, falling objects and vandalism. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability coverage – Liability coverage protects you from damage or injury you incur to a person or their property in an accident. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like repair costs for stationary objects, medical services, loss of income and medical expenses. How much liability coverage do you need? That is a personal decision, but you should buy as large an amount as possible.

Uninsured and underinsured coverage – Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Mitsubishi Endeavor.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Collision coverage – This covers damage to your Endeavor from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims such as rolling your car, backing into a parked car, sustaining damage from a pot hole and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Coverage for medical payments – Med pay and PIP coverage kick in for immediate expenses for things like ambulance fees, prosthetic devices, nursing services, EMT expenses and chiropractic care. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible

Smart consumers save more

Cost effective 2008 Mitsubishi Endeavor insurance can be sourced from both online companies and also from your neighborhood agents, so you should be comparing quotes from both to have the best selection. Some companies may not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.

As you go through the steps to switch your coverage, never sacrifice coverage to reduce premiums. There are a lot of situations where consumers will sacrifice full coverage only to find out that it was a big mistake. The proper strategy is to find the BEST coverage at a price you can afford while still protecting your assets.

Consumers switch companies for a number of reasons such as delays in paying claims, poor customer service, denial of a claim and even being labeled a high risk driver. It doesn’t matter why you want to switch finding a new company can be pretty painless.

For more information, take a look at the resources below: