Locating cheaper insurance for a new or used Mitsubishi Precis can be a painful process, but you can learn a few tricks to find lower rates. There are both good and bad ways to find auto insurance online so you’re going to learn the absolute fastest way to quote coverages for a new or used Mitsubishi and locate the cheapest rates either online or from local insurance agents.
You should make it a habit to do rate comparisons occasionally due to the fact that insurance prices are variable and change quite frequently. If you had the best deal on Precis insurance last year the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the proper way to properly buy coverages while reducing your premium.
How much does auto insurance cost?
There are several ways of comparing rate quotes from many auto insurance companies in your state. The best method to do a complete rate comparison consists of shopping online. It is quite easy and can be accomplished by using one of the methods below.
One of the simplest ways to find low rates is to use a rate comparison form like this one (opens in new window). This style of form prevents you from having to do separate quote forms for every company. One form submission will get you rate comparisons from many national carriers. This is by far the quickest method.
A different way to shop for auto insurance online is to manually visit each company’s website to complete a price quote. For instance, let’s say you want to compare prices for Allstate, Esurance and State Farm. In order to compare rates, you need to spend time on each company’s site and type in your information over and over, which is why first method is reommended.
To view a list of companies in your area, click here.
The old school method to compare price quotes to and from local insurance agencies. Buying insurance online can eliminate the need for a local agent unless you have a complicated situation and need the guidance of a local agency. If you prefer, some companies allow you to get prices online but purchase the actual policy in an agency.
Which method you use is up to you, but make sure you use nearly identical coverage information on every price quote you get. If you use higher or lower deductibles it’s not possible to make an equal comparison. Just slight variations in limits can make a big difference in price. Keep in mind that quoting more increases your odds of finding more affordable rates.
Do you qualify for discounts?
Some insurance providers do not advertise every disount available very clearly, so here is a list a few of the more common as well as the least known savings tricks you should be using when you .
- Discount for Multiple Policies – If you insure your home and vehicles with the same company you could earn a discount of up to 20% and get you .
- 55 and Retired – Mature drivers are able to get reduced rates on Precis insurance.
- Service Members Pay Less – Having a deployed family member could mean lower rates.
- Homeowners Pay Less – Owning a home can save a few bucks since owning and maintaining a home requires a higher level of personal finance.
- Discount for Swiching Early – Some auto insurance companies provide a discount for renewing your policy prior to your current policy expiring. You could save around 10% when you .
- Theft Prevention Discount – Vehicles that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10% off your .
As is typical with insurance, many deductions do not apply to the entire cost. Most only apply to individual premiums such as physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, insurance companies wouldn’t stay in business. Any amount of discount will cut the cost of coverage.
A list of companies and some of the premium reductions they offer are:
- State Farm includes discounts for multiple autos, multiple policy, good student, Steer Clear safe driver discount, and anti-theft.
- American Family offers discounts including accident-free, multi-vehicle, defensive driver, mySafetyValet, early bird, air bags, and good driver.
- GEICO may offer discounts for emergency military deployment, anti-lock brakes, anti-theft, multi-vehicle, and daytime running lights.
- 21st Century may include discounts for automatic seat belts, good student, homeowners, driver training, and teen driver.
- Progressive policyholders can earn discounts including multi-policy, good student, multi-vehicle, online quote discount, homeowner, online signing, and continuous coverage.
When getting , it’s a good idea to all the companies how you can save money. All car insurance discounts may not apply in your area. If you would like to see a list of insurers with significant discounts, click this link.
Local insurance agents
Many drivers still prefer to buy from a licensed agent and that is a personal choice. The best thing about comparing insurance prices online is you can get cheap rate quotes and still buy from a local agent.
Once you complete this form (opens in new window), your insurance data gets sent to participating agents that provide for your auto insurance coverage. You don’t have to find an agent since price quotes are sent directly to you. You can get cheaper auto insurance rates and work with a local agent. If you wish to compare prices from a particular provider, you would need to go to their quote page and fill out their quote form.
Choosing the best provider should depend on more than just a cheap price. Any agent should be forthright in answering these questions:
- Can you get a list of referrals?
- What company holds the largest book of business for them?
- Do they regularly work with personal auto policies?
- If you have an accident, will your rates go up?
- Do they have any clout with companies to ensure a fair claim settlement?
- If you are a high risk driver, do they have special markets for your coverage?
- Do the companies they represent have a solid financial rating?
- Are they giving you every discount you deserve?
Types of car insurance agents
If you want a reliable insurance agency, you must know there are a couple types of agencies that you can select. Agencies are considered either captive or independent agents depending on their company appointments.
Captive Agents
Captive agencies have only one company to place business with and some examples include American Family, State Farm, and AAA. These agents are not able to shop your coverage around so if the price isn’t competitive there isn’t much they can do. Captives receive a lot of sales training on their company’s products which helps them sell insurance even at higher premiums. Consumers often purchase coverage from captives mainly due to the prominence of the brand rather than low price.
Independent Auto Insurance Agents
Agents of this type are not locked into one company and that allows them to write policies with multiple insurance companies enabling the ability to shop coverage around. If they quote lower rates, they simply move your policy to a different company which is easy for the insured. When comparing auto insurance prices, we highly recommend that you compare quotes from at a minimum one independent agency to get the most accurate price comparison. Most independent agents also contract with less well-known companies which can be an advantage.
To select from agents near you, please view this page of auto insurance agencies in your state.
When in doubt talk to an agent
When choosing proper insurance coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different.
For example, these questions might help in determining whether you would benefit from an agent’s advice.
- Do I get a pro-rated refund if I cancel my policy early?
- Am I covered when driving on a suspended license?
- Should I sign the liability waiver when renting a car?
- Does having multiple vehicles earn me a discount?
- Is my business laptop covered if it gets stolen from my vehicle?
- How much liability do I need to cover my assets?
- What vehicles should carry emergency assistance coverage?
- Should I have combined single limit or split liability limits?
- Can I drive in Mexico and have coverage?
If you don’t know the answers to these questions, you may need to chat with an agent. To find an agent in your area, fill out this quick form.
Components of Your Mitsubishi Precis Insurance Premiums
Many different elements are used when premium rates are determined. Some factors are common sense like an MVR report, although some other factors are more obscure like your vehicle usage or your vehicle rating.
The itemized list below are some of the major factors used by your company to calculate your rates.
- Gender matters – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. However, this does not mean women are BETTER drivers than men. Men and women cause fender benders at a similar rate, but men cause more damage and cost insurance companies more money. In addition to higher claims, males also get cited for more serious violations such as DWI and reckless driving.
- Credit rating impacts premiums – Having a bad credit rating can be an important factor in determining what you pay for auto insurance. So if your credit rating is not that good, you could potentially save money when insuring your Mitsubishi Precis by improving your rating. People that have excellent credit tend to file fewer claims and have better driving records than drivers who have lower credit ratings.
- Deter theft and reduce premiums – Choosing to buy a car with a theft deterrent system can help bring down rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent vehicle theft.
- Your address can modify prices – Choosing to live in a small town is a good thing if you are looking for the lowest rates. Drivers who live in large cities have traffic congestion and longer commute times. Less people means a lower chance of having an accident and lower theft and vandalism rates.
- Decrease premiums by maintaining coverage – Not having insurance can get your license suspended and auto insurance companies will penalize you for letting your insurance expire. And not only will your rates increase, the inability to provide proof of insurance may earn you a hefty fine and possibly a revoked license.
Better coverage you can count on
Insureds change insurance companies for a variety of reasons including lack of trust in their agent, not issuing a premium refund, high prices or policy cancellation. Whatever your reason, finding a great new company can be less work than you think.
More affordable auto insurance can be sourced from both online companies in addition to local insurance agencies, so you should be comparing quotes from both to have the best chance of lowering rates. Some auto insurance companies may not offer online price quotes and most of the time these regional insurance providers sell through independent agencies.
Throughout this article, we presented many ways to lower your Mitsubishi Precis insurance premium rates. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting . You may be surprised to find that the biggest savings come from a small mutual company.
