I can’t think of anyone who likes paying for auto insurance, in particular when the cost is too high. Consumers have many insurers to pick from, and even though it’s nice to have a selection, it can be more challenging to find the best rates for your vehicles.
There are a lot of ways you can shop for insurance coverage but some are less labor-intensive and much quicker. You can waste a lot of time discussing policy coverages with insurance companies in your area, or you could save time and use the internet to get prices fast.
Many companies belong to an insurance system that enables customers to only type in their quote data once, and at least one company then gives them pricing based on that data. This saves time by eliminating form submissions for each company you want a rate for.
To access this free quoting program, click here to open in new window.
The only drawback to comparing rates this way is that consumers can’t choose which insurance companies you want pricing from. So if you want to select specific insurance companies to compare prices, we put together a list of insurance coverage companies in your area. View list of insurance companies.
Whichever way you use, make darn sure you compare exactly the same quote information for each price quote. If the quotes have different limits and deductibles on each one then you won’t be able to determine the lowest rate for your Mitsubishi Outlander.
When it comes to buying coverage, there really is no perfect coverage plan. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining whether your personal situation may require specific advice.
If you’re not sure about those questions then you might want to talk to an agent. To find an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and may give you better protection.
Learning about specific coverages of insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are the usual coverages found on the average insurance policy.
Collision – This will pay to fix damage to your Outlander caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like driving through your garage door, crashing into a ditch and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.
Comprehensive insurance – This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims like a broken windshield, damage from flooding, hitting a bird and fire damage. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like ambulance fees, X-ray expenses, hospital visits, doctor visits and surgery. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist (UM/UIM) – This gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Frequently these coverages are identical to your policy’s liability coverage.
Liability insurance – This coverage protects you from damage or injury you incur to a person or their property. This coverage protects you against other people’s claims. 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 values of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability can pay for claims like emergency aid, attorney fees, bail bonds, loss of income and repair costs for stationary objects. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.