Buyers have a choice when searching for the lowest priced Mitsubishi Montero insurance. You can either waste hours contacting agents to get rate comparisons or use the internet to make rate comparisons. There are more efficient ways to shop for auto insurance so we’re going to tell you the quickest way to get price quotes for a new or used Mitsubishi and find the cheapest rates from both online companies and local agents.
It is always a good idea to compare rates periodically due to the fact that insurance rates change frequently. Just because you had the lowest rates on Montero coverage six months ago you may be paying too much now. Forget anything you know (or think you know) about auto insurance because you’re about to learn the fastest way to reduce your cost while improving coverage.
Low Cost Auto Insurance
There are a lot of ways you can shop for auto insurance but some are less labor-intensive and much quicker. You can waste a lot of time discussing policy coverages with local insurance agents in your area, or you could use the internet to accomplish the same thing much quicker.
The majority of car insurance companies participate in an industry program that allows shoppers to complete one form, and at least one company then gives them pricing. This saves time by eliminating quote forms to each individual auto insurance company.
To use this form to compare rates click to open in new window.
The single downside to doing it this way is buyers cannot specifically choose which insurance companies to receive prices from. So if you prefer to pick from a list of companies to request quotes from, we put together a list of companies who write auto insurance in your area. Click here for list of insurance companies.
Whichever method you choose, ensure you’re using the exact same coverage limits and deductibles with every price quote. If you compare different deductibles you can’t possibly determine which rate is truly the best.
Your personal situation dictates your coverage
When it comes to buying proper insurance coverage for your vehicles, there is no one size fits all plan. Every insured’s situation is different.
These are some specific questions can help discover if your insurance needs could use an agent’s help.
- Do I have coverage if my license is suspended?
- What is covered by UM/UIM coverage?
- Am I covered if I drive in a foreign country?
- When should I remove comp and collision on my Mitsubishi Montero?
- Is rental equipment covered for theft or damage?
- Am I covered when driving in Canada or Mexico?
- Do I need medical payments coverage since I have good health insurance?
- Do I need added coverage for expensive stereo equipment?
- How much liability coverage do I need in my state?
- Why am I required to buy high-risk coverage?
If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form. It is quick, free and may give you better protection.
Are insurance agents a thing of the past?
A small number of people just want to buy from a licensed agent. Licensed agents can point out coverage gaps and help file insurance claims. One of the best bonuses of price shopping on the web is that you can obtain the lowest rates but still work with a licensed agent.
After completing this quick form, the coverage information is emailed to participating agents who will give you bids to get your business. You won’t need to visit any agencies since price quotes are sent directly to your email. Now that’s easy!
Deciding on an insurer should depend on more than just the bottom line cost. Any agent should be forthright in answering these questions:
- Which company do they place the most coverage with?
- Does the agency support the community they serve?
- If your car is in the repair shop, do you have coverage for a rental car?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- How are they compensated?
- Do they have any clout with companies to ensure a fair claim settlement?
- If they are an independent agency, which companies do they recommend?
Captive or Independent: There is a difference
When looking for a reputable insurance agent or broker, you need to know there are two types of agencies from which to choose. Agents can either be independent (non-captive) or captive. Either one can insure your vehicles, but it’s worth mentioning how they are different since it may influence the type of agent you choose
Agency Captives
These agents can only write with one company such as AAA, State Farm, Farmers Insurance and Allstate. These agents are not able to give you multiple price quotes so they are skilled at selling on more than just price. These agents are usually quite knowledgeable on their products and sales techniques which can be an advantage. Consumers sometimes purchase coverage from captives mainly due to the prominence of the brand and solid financial strength.
Independent Agents (or Brokers)
Independent agents are not employed by any specific company so they have the ability to put coverage with any number of different companies enabling the ability to shop coverage around. To move your coverage to a new company, your agent can switch companies and you won’t have to switch agencies. When comparing rates, it’s a good idea to include price quotes from multiple independent agents to get the best comparison. They often place coverage with different regional companies which can save you money.
To view a complete directory of auto insurance agents, visit this page.
After receiving acceptable answers and locked in a price quote, you may have just found an insurance agency that is a good match to provide auto insurance coverage.
Car insurance 101
Understanding the coverages of your policy can be of help when determining the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring.
Medical expense insurance
Medical payments and Personal Injury Protection insurance kick in for expenses for pain medications, X-ray expenses, dental work and ambulance fees. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Comprehensive (Other than Collision)
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as damage from flooding, hitting a bird and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Liability auto insurance
Liability insurance provides protection from injuries or damage you cause to other people or property. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.
Liability coverage pays for claims such as medical services, structural damage, medical expenses, court costs and emergency aid. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.
Auto collision coverage
Collision coverage pays for damage to your Montero from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision can pay for claims such as backing into a parked car, crashing into a building, hitting a parking meter, colliding with another moving vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Mitsubishi Montero.
Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.
