2002 Mitsubishi Montero Sport Insurance Cost – 10 Policy Discounts

Trying to find the cheapest auto insurance rates for your Mitsubishi Montero Sport? Have you had enough of scraping the payment together to pay your car insurance bill each month? You are no different than many other drivers.

With consumers having so many insurance companies to choose from, it can be impossible to find the lowest cost insurer.

You should make it a habit to do rate comparisons occasionally because insurance rates change frequently. Even if you think you had the best deal for Montero Sport coverage a year ago you will most likely find a better rate today. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to the best way to buy cheaper auto insurance.

How to Compare Car Insurance Costs

Comparing car insurance rates is a ton of work if you don’t utilize the fastest way to get free quotes. You could waste a few hours driving to local insurance agents in your area, or you could use the web to get pricing more quickly.

Most of the best insurance companies participate in a marketplace where prospective buyers enter their policy data once, and each participating company then gives them pricing based on that data. This eliminates the need for quote forms to every company. To use this form to compare 2002 Mitsubishi Montero Sport insurance rates click here (opens in new window).

The only downside to doing it this way is you cannot specify which insurance companies to get quotes from. So if you want to select from a list of companies to compare, we have a listing of the cheapest car insurance companies in your area. Click here to view list.

Whichever method you choose, make darn sure you compare exactly the same quote information on every quote. If you are comparing different limits and deductibles on each one it’s impossible to make an equal comparison. Just a small difference in coverages can mean a large discrepancy in price. And when comparing car insurance rates, know that obtaining a wide range of quotes will enable you to find a better price.

Pay less by taking advantage of these ten discounts

Insurance can cost an arm and a leg, but companies offer discounts that many people don’t even know exist. Most are applied at the time of purchase, but less common discounts must be asked for in order for you to get them.

  • Distant Student – Youth drivers who live away from home and don’t have a car can be insured at a reduced rate.
  • Low Mileage Discounts – Low mileage vehicles could be rewarded with lower rates on the low mileage vehicles.
  • Homeowners Discount – Being a homeowner may trigger a auto insurance policy discount due to the fact that maintaining a home requires personal responsibility.
  • New Vehicle Savings – Buying coverage on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • One Accident Forgiven – A few companies will forgive one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Discount for Swiching Early – Some companies give discounts for buying a policy prior to your current policy expiring. The savings is around 10%.
  • 55 and Retired – If you qualify as a senior citizen, you may receive a small decrease in premiums for Montero Sport coverage.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
  • Organization Discounts – Affiliation with a professional or civic organization may earn a discount on your policy for Montero Sport coverage.
  • Multiple Policy Discount – If you have multiple policies with one company you could get a discount of at least 10% off all policies.

Drivers should understand that most discount credits are not given to all coverage premiums. Most cut the cost of specific coverages such as liability, collision or medical payments. Just because it seems like having all the discounts means you get insurance for free, you’re out of luck. But all discounts will cut the amount you have to pay.

To see a list of providers with discount auto insurance rates, click here.

Your coverage should be tailored to you

When buying the right insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions might help in determining if your situation would benefit from an agent’s advice.

  • When can my company non-renew my policy?
  • Does coverage extend to a rental car in a foreign country?
  • What if I total my 2002 Mitsubishi Montero Sport and owe more than it’s worth?
  • How can I find cheaper teen driver insurance?
  • Do I have coverage when pulling a U-Haul trailer?
  • Do I have coverage if my license is suspended?
  • I have a DUI can I still get coverage?
  • What is the ISO rating for a 2002 Mitsubishi Montero Sport?
  • When should I buy a commercial auto policy?
  • When should my teen driver be added to my policy?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Save $442 a year. For real?

Companies like State Farm, GEICO and Progressive consistently run television and radio advertisements. All the ads make the same claim of big savings if you change your coverage to them. How does each company make almost identical claims? It’s all in the numbers.

All companies have a preferred profile for the driver that is profitable for them. For instance, a driver they prefer could possibly be between the ages of 40 and 55, has no prior claims, and has great credit. Any new insured who meets those qualifications will get the preferred rates and therefore will save when switching.

Consumers who do not match this ideal profile will be charged higher premiums and this can result in business going elsewhere. The ads state “customers who switch” but not “drivers who get quotes” save that much. That is how insurance companies can confidently make the claims of big savings.

That is why you need to get as many comparisons as possible. It is impossible to predict which insurance companies will have the lowest Mitsubishi Montero Sport insurance rates.

Insurance coverage considerations

Having a good grasp of your policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverage types found on most insurance policies.

Comprehensive insurance – This covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, vandalism and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability auto insurance – Liability coverage provides protection from damage that occurs to other people or property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like attorney fees, pain and suffering and repair costs for stationary objects. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Mitsubishi Montero Sport.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like X-ray expenses, rehabilitation expenses, hospital visits and nursing services. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision – Collision insurance will pay to fix damage to your Montero Sport from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as rolling your car, damaging your car on a curb and crashing into a ditch. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also choose a higher deductible to save money on collision insurance.

Final considerations

Low-cost 2002 Mitsubishi Montero Sport insurance can be sourced from both online companies and also from your neighborhood agents, and you need to price shop both so you have a total pricing picture. Some companies may not provide you the ability to get quotes online and these small, regional companies work with independent agents.

As you shop your coverage around, it’s not a good idea to skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced physical damage coverage only to regret that they should have had better coverage. The proper strategy is to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

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