Lower Your 2002 Mitsubishi Galant Insurance Cost

People not familiar with buying insurance online may find purchasing affordable auto insurance is not as easy as it seems.

Quick Auto Insurance Quotes

There are a variety of methods to compare 2002 Mitsubishi Galant auto insurance prices but some are easier and takes less work. You could waste time talking to insurance companies in your area, or you can utilize the internet for quick rates.

Many of the larger companies enroll in a system that allows shoppers to enter their policy data once, and at least one company can give them a price based on the submitted data. This eliminates the need for quotation requests for every auto insurance company.

To find out how much you can save on auto insurance click to open in new window.

The one downside to pricing coverage this way is that you can’t choose which carriers to get pricing from. If you prefer to choose individual companies to compare prices, we have a listing of companies who write auto insurance in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just ensure you are comparing identical coverage limits for each comparison quote. If you use unequal deductibles or liability limits you can’t possibly make an equal comparison. Slightly different insurance coverages can make a big difference in price. Just keep in mind that comparing a large number of companies helps locate a lower rate.

Lots of discounts mean lots of savings

Companies offering auto insurance don’t always advertise all available discounts in an easy-to-find place, so here is a list some of the more common and the more hidden insurance coverage savings.

  • Sign Early and Save – Some companies give discounts for switching policies prior to your current policy expiring. It can save you around 10%.
  • Drive Safe and Save – Drivers who avoid accidents may save up to 50% more on Galant coverage than less cautious drivers.
  • Senior Discount – Mature drivers may qualify for better insurance coverage rates on Galant coverage.
  • Homeowners Discount – Simply owning a home can save you money because owning a home is proof that your finances are in order.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and earn discounts up to 10%.
  • Theft Prevention Discount – Cars that have factory anti-theft systems are stolen less frequently and earn discounts up to 10%.
  • Club Memberships – Affiliation with a civic or occupational organization may earn a discount on your policy on Galant coverage.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time rather than paying monthly you could save up to 5%.
  • Federal Employees – Employees or retirees of the government may qualify you for a discount on Galant coverage with a few insurance coverage companies.
  • No Accidents – Good drivers with no accidents pay much less compared to drivers who are more careless.

It’s important to understand that some of the credits will not apply to the entire policy premium. The majority will only reduce individual premiums such as collision or personal injury protection. Just because you may think all the discounts add up to a free policy, companies wouldn’t make money that way.

A partial list of companies that may offer these discounts include:

It’s a good idea to ask each company which discounts you may be entitled to. Some discounts may not be available in your state.

Situations that might require an agent

When it comes to buying adequate coverage for your personal vehicles, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

For example, these questions might help in determining whether your personal situation would benefit from professional advice.

  • What is high-risk coverage and where do I buy it?
  • Can I still get insurance after a DUI?
  • Am I better off with higher deductibles on my 2002 Mitsubishi Galant?
  • Is my ex-spouse still covered by my policy?
  • Are my friends covered when driving my car?
  • When would I need rental car insurance?
  • When do I need to add a new car to my policy?
  • What is the ISO rating for a 2002 Mitsubishi Galant?
  • Should I buy only the required minimum liability coverage?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form.

Factors determining your Mitsubishi Galant insurance premium

Consumers need to have an understanding of the factors that come into play when calculating the price you pay for insurance coverage. Understanding what impacts premium levels empowers consumers to make smart changes that can help you get much lower annual insurance costs.

The list below includes a partial list of the pieces used by your company to calculate your rates.

  • Do you need the policy add-ons? – There are many extra bells and whistles that you can buy on your Galant policy. Insurance for roadside assistance, towing coverage and additional equipment coverage are examples of these. These coverages may sound good when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
  • Higher safety ratings means cheaper insurance – Cars with high safety ratings get lower rates. The safest vehicles result in less severe injuries and lower injury rates means less money paid by your insurance company and thus lower rates. If your Mitsubishi Galant is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • Your age impacts your rates – Older drivers tend to be more responsible, tend to cause fewer accidents and are safer drivers. Teen drivers tend to be more careless behind the wheel therefore insurance coverage rates are much higher.
  • Where do you drive? – The higher the mileage driven in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers price each vehicle’s coverage based on their usage. Autos that are left in the garage get more affordable rates than vehicles that are driven to work every day. Verify your insurance coverage declarations sheet is rated on the correct usage for each vehicle. Incorrect usage on your Galant may be wasting your money.
  • Are you male or female? – Statistics show that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Men and women cause accidents at a similar rate, but men have costlier accidents. Men also receive more costly citations like reckless driving and DUI. Young males are most likely to cause an accident and therefore have the most expensive insurance coverage rates.
  • Your occupation can affect rates – Did you know your occupation can influence how much you pay for insurance coverage? Occupations such as judges, business owners and dentists are shown to have the highest average rates due to job stress and long work days. Other occupations such as scientists, historians and homemakers pay the least on Galant coverage.

Auto insurance myths debunked

Auto insurance companies such as Allstate, GEICO and Progressive constantly bombard you with television and radio advertisements. They all seem to say the same thing of big savings if you switch your policy. How can each company say the same thing?

Insurance companies can use profiling for the driver they prefer to insure. For example, a driver they prefer might be over the age of 50, has no tickets, and drives less than 7,500 miles a year. A customer getting a price quote who meets those qualifications will get very good rates and most likely will pay quite a bit less when switching companies.

Potential insureds who do not match the “perfect” profile will be charged higher rates and this can result in the driver buying from a lower-cost company. The ad wording is “drivers who switch” but not “drivers who get quotes” save that much money. That’s why companies can truthfully make the claims of big savings. That is why it is so important to get a wide range of price quotes. It’s just too difficult to predict which auto insurance company will provide you with the cheapest Mitsubishi Galant insurance rates.

Information about specific coverages

Having a good grasp of your car insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Comprehensive protection

Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as fire damage, damage from getting keyed, a tree branch falling on your vehicle, a broken windshield and vandalism. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical expense coverage

Med pay and PIP coverage kick in for expenses for nursing services, ambulance fees and rehabilitation expenses. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto liability

Liability insurance protects you from damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability insurance covers things such as funeral expenses, medical services, repair costs for stationary objects, repair bills for other people’s vehicles and pain and suffering. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like hitting a parking meter, hitting a mailbox and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to bump up the deductible to bring the cost down.

Uninsured or underinsured coverage

This gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Mitsubishi Galant.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Smart consumers save more

We just showed you a lot of ways to get a better price on 2002 Mitsubishi Galant insurance. It’s most important to understand that the more providers you compare, the higher your chance of finding lower rates. Consumers could even find that the most savings is with the smaller companies.

When you buy insurance online, never buy poor coverage just to save money. There are a lot of situations where an insured dropped liability limits or collision coverage only to find out that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase plenty of coverage at a price you can afford, not the least amount of coverage.

Low-cost insurance is available online and with local insurance agents, so compare prices from both in order to have the best chance of saving money. Some companies do not offer you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.

Much more information about auto insurance is located below: