Compare Mitsubishi Outlander Insurance Rates in Miami

Everyone knows that car insurance companies don’t want you shop around. Consumers who rate shop once a year are very likely to switch auto insurance companies because they have a good chance of finding coverage at a cheaper rate. A study discovered that drivers who shopped around every year saved an average of $3,500 over four years as compared to drivers who don’t regularly compare prices.

If finding the lowest rates on insurance in Miami is your ultimate objective, then having an understanding of how to find companies and compare insurance can make it easier for you to save money.

Really, the only way to find low-cost auto insurance rates in Miami is to start doing an annual price comparison from companies that sell auto insurance in Florida.

• Step 1: Try to understand what is in your policy and the factors you can control to drop your rates. Many things that cause rate increases such as at-fault accidents, speeding tickets, and a bad credit rating can be eliminated by making small lifestyle or driving habit changes. Keep reading for instructions to help prevent expensive coverage and find possible discounts that are available.
• Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from one company like Progressive and State Farm, while independent agents can provide prices from multiple sources.
• Step 3: Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available. If you can save money, make sure there is no lapse between the expiration of your current policy and the new one.

A good piece of advice is to try to use the same amount of coverage on every price quote and and to compare as many companies as feasibly possible. This ensures the most accurate price comparison and the best price quote selection.

This article’s intent is to help you learn how car insurance companies work. If you currently have a car insurance policy, you will surely be able to find the best rates using these methods. Shoppers just have to use the most time-saving way to buy car insurance from many different companies.

Getting a cheaper price on insurance is an easy way to save money. Just spend a few minutes to compare rate quotes to find out which insurance company has cheaper Miami car insurance quotes.

The providers in the list below offer price comparisons in Florida. If multiple companies are listed, we recommend you visit as many as you can to get a more complete price comparison.

Lower rates by qualifying for discounts

Auto insurance companies don’t necessarily list the complete list of policy discounts in a way that’s easy to find, so the following is a list of some of the best known and also the lesser-known credits that may apply to you.

• Discount for New Cars – Insuring a new Outlander is cheaper compared to insuring an older model.
• Active Service Discounts – Having a deployed family member may lower your rates slightly.
• Home Ownership Discount – Owning your own home or condo can get you a discount because of the fact that having a home demonstrates responsibility.
• Club Memberships – Being in a qualifying organization can get you a small discount on your bill.
• Theft Prevention Discount – Anti-theft and alarm system equipped vehicles are stolen less frequently and therefore earn up to a 10% discount.
• Anti-lock Brake System – Vehicles that have steering control and anti-lock brakes are much safer to drive so companies give up to a 10% discount.

A little note about advertised discounts, some credits don’t apply to the entire cost. Most only reduce individual premiums such as physical damage coverage or medical payments. So even though you would think all the discounts add up to a free policy, it’s just not the way it works.

The illustration below illustrates the comparison of Mitsubishi Outlander car insurance costs with and without discounts applied to the policy rates. The prices are based on a male driver, no driving violations, no at-fault accidents, Florida state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, multi-car, claim-free, and multi-policy discounts applied.

To view insurers that offer some of these discounts in Miami, follow this link.

Rates and information analytics

The coverage table displayed below showcases different insurance coverage prices for Mitsubishi Outlander models. Understanding how auto insurance prices are established can be valuable when making smart choices when comparing insurance quotes.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Prices do not factor in specific garaging location which can affect price quotes considerably.

Should you raise deductibles?

A question often asked by Miami drivers is which deductibles should you choose. The tables below approximate the differences in premium rates of buying low and high deductibles. The first price estimate table uses a $250 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Estimates do not factor in the specific area where the vehicle is garaged which can decrease or increase premiums substantially.

Based on these figures, using a $250 deductible costs an average of $31 more each month or $372 for a full year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 24 months between claim filings, you would save money going with the higher deductible. Here is a better example of how this calculation is made.

The example below illustrates how your choice of deductibles and can change Mitsubishi Outlander annual premium costs for different age groups. The premiums assume a single male driver, comp and collision included, and no discounts are applied.

How much more does full coverage cost?

The information below visualizes the comparison of Mitsubishi Outlander insurance rates with full coverage compared to only the Florida minimum liability coverage. The premium estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are factored in.

When to stop buying full coverage

There is no specific rule to delete full coverage, but there is a general convention. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s assume your Mitsubishi Outlander settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $6,000 after the policy deductible has been paid. If you are paying in excess of $600 a year to have full coverage, then it might be time to buy liability only.

There are some cases where dropping full coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

What if I want to buy from local Miami auto insurance agents?

A small number of people prefer to sit down with an agent and that is recommended in a lot of cases Most agents can point out coverage gaps and help file insurance claims. One of the benefits of price shopping on the web is you may find lower premium rates but still work with a licensed agent. And providing support for small agencies is especially important in Miami.

To find an agent, once you fill out this quick form, the coverage information gets sent to agents in your area who want to provide quotes for your business. There is no reason to drive around since rate quotes are delivered directly to your email. In the event you want to compare rates from a particular provider, don’t hesitate to find their quoting web page and complete a quote there.

If you’re trying to find a local insurance agency, you should know the types of agencies and how they can quote your rates. Insurance policy providers are classified as either independent (non-exclusive) or exclusive. Either one can handle insurance, but it is a good idea to know how they differ since it may influence your selection of an agent.

Independent Insurance Agents

Agents of this type are not restricted to one company so they can insure your vehicles through lots of different companies and find you the best rates. If you want to switch companies, they simply move your policy to a different company and that require little work on your part. When comparing rates, you will want to include several independent insurance agents in order to compare the most rates. Many independent agencies also insure through small mutual carriers which could offer lower prices.

The following is a partial list of independent insurance agents in Miami who can help you get free rate quotes.

• All Security Insurance Agency, Inc.
  373 N Royal Poinciana Blvd – Miami Springs, FL 33166 – (305) 887-9544 – View Map
• Estrella Insurance #141
  3000 NW 36th St – Miami, FL 33142 – (305) 635-6335 – View Map
• Estrella Insurance #101
  3750 W Flagler St – Miami, FL 33134 – (305) 446-6822 – View Map

More Miami agents

Exclusive Insurance Agencies

Exclusive agencies can only provide pricing for a single company like American Family, State Farm, and AAA. They are unable to compare rates from other companies so they have to upsell other benefits. Exclusive agents are very knowledgeable on their company’s products which helps overcome the inability to quote other rates. Many people use the same agent mainly due to the prominent brand name and the convenience of having all coverages with one company.

Below is a list of exclusive insurance agencies in Miami who can help you get price quotes.

• State Farm: Carlos Luis
  6001 Bird Rd – Miami, FL 33155 – (305) 663-2300 – View Map
• Allstate Insurance: Ramon Balladares
  2455 SW 27th Ave #210 – Miami, FL 33145 – (305) 859-8556 – View Map
• Mario Obregon – State Farm Insurance Agent
  6701 Sunset Dr #115 – South Miami, FL 33143 – (305) 661-7667 – View Map

More Miami agents

Choosing an auto insurance agent shouldn’t rely on just a low price. The questions below may impact your decision as well.

• Do they carry Errors and Omissions coverage?
• What are the financial ratings for the companies they represent?
• Will their companies depreciate repairs to your car based on the mileage?
• How many years of experience in personal auto insurance do they have?
• Are they full-time agents?
• Do you qualify for any additional discounts?

Once you have received acceptable answers to any questions you may have and an acceptable price quote, you may have found an insurance agency that is reliable enough to service your policy.

How Insurance Providers Determine Mitsubishi Outlander Insurance Rates

Many factors are part of the equation when pricing auto insurance. Some are pretty understandable like a motor vehicle report, but other criteria are more transparent such as your marital status or your vehicle rating.

• Do males or females drive better? – Statistics have proven that men are more aggressive behind the wheel. Now that doesn’t mean males are worse at driving than females. Females and males tend to get into accidents at a similar rate, but males have costlier accidents. Not only that, but men also have more aggressive citations like DWI (DUI) or reckless driving. Male teenagers are the most expensive to insure and therefore have the most expensive insurance rates.

  The diagram below visualizes the comparison of Mitsubishi Outlander insurance prices for male and female drivers. The information is based on no claims, a clean driving record, full physical damage coverage, $500 deductibles, drivers are single, and no other discounts are factored in.

• Car features impact premiums – Purchasing a vehicle that has a built-in theft deterrent system can help bring down rates. Systems that thwart thieves such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop your vehicle from being stolen.
• Save money by raising coverage deductibles – Comp and collision deductibles represent how much money you are required to pay if a claim is determined to be covered. Physical damage protection, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some examples of covered claims would be collision with another vehicle, hail damage, or theft of your vehicle. The more of the claim the insured has to pay upfront, the bigger discount you will receive.
• Having a spouse can save on insurance – Getting married may cut your premiums when shopping for insurance. Having a spouse is viewed as being less irresponsible and statistics show married drivers tend to have fewer serious accidents.
• Low credit score equals high premiums – Having a bad credit history can be an important factor in determining what you pay. Therefore, if your credit history is low, you could potentially save money when insuring your Mitsubishi Outlander by taking the time to improve your credit score. People with very high credit ratings tend to file fewer claims and have better driving records as compared to drivers with lower credit scores.

• Your age impacts your rates – More experienced drivers have been proven to be more responsible, tend to cause fewer accidents, and are generally more financially stable. Teen drivers have a tendency to be inattentive and easily distracted behind the wheel so they pay higher insurance rates.

  The next chart uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Liability claims can be big – The liability coverage on your policy kicks in when you are responsible for damages from an accident. Your policy’s liability insurance provides legal defense to defend your case. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.

• Claims statistics for a Mitsubishi Outlander – Companies analyze past claim statistics as a way to help calculate a profitable premium rate. Models that the data shows to have a trend towards higher claims will have higher premium rates.

  The table below illustrates the historical loss data for Mitsubishi Outlander vehicles. For each coverage type, the claim probability for all vehicles, regardless of manufacturer or model, is represented as 100. Values below 100 indicate better than average losses, while percentages above 100 show a trend for more claims or an increased probability of a larger loss.

  
  

  Mitsubishi Outlander Insurance Claim Statistics

  Specific Mitsubishi Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Mitsubishi Outlander 4dr 2WD	117	104	119	155
  Mitsubishi Outlander 4dr 4WD	116	93	140	115
  Mitsubishi Outlander Sport 4dr 2WD	116	121	99	165	146	129
  Mitsubishi Outlander Sport 4dr 4WD	109	118	123	124	139	112

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car insurance is not optional

Despite the potentially high cost of Mitsubishi Outlander insurance, maintaining insurance is mandatory in Florida but it also protects more than you think.

First, the majority of states have minimum liability requirements which means the state requires a specific minimum amount of liability insurance coverage in order to be legal. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your car, most banks will require you to have insurance to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender may have to buy a policy to insure your Mitsubishi at a much higher rate and force you to pay for the much more expensive policy.

Third, car insurance protects both your Mitsubishi and your assets. It will also cover hospital and medical expenses incurred in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney in the event you are sued. If your car is damaged in a storm or accident, your policy will pay to restore your vehicle to like-new condition.

The benefits of buying car insurance are definitely more than the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer overpays as much as $810 a year so you should quote and compare rates each time the policy renews to make sure the price is not too high.

Cheap car insurance rates are out there

Consumers switch companies for any number of reasons including high prices, an unsatisfactory settlement offer, delays in paying claims or even lack of trust in their agent. No matter why you want to switch, finding a great new company can be easy and end up saving you some money.

When buying insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, someone dropped uninsured motorist or liability limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to get the best coverage possible at the best possible price while not skimping on critical coverages.

Throughout this article, we presented many tips how you can shop for Mitsubishi Outlander insurance online. The key thing to remember is the more rate quotes you have, the better your chances of lowering your auto insurance rates. Consumers could even find that the lowest rates are with the least-expected company.

More tips and info about car insurance is available at these sites:

• Distracted Driving (Insurance Information Institute)
• What Car Insurance is Cheapest for Lyft Drivers in Miami? (FAQ)
• How Much is Miami Auto Insurance for a Nissan Rogue? (FAQ)
• Get the Right Protection (InsureUonline.org)
• Choosing a Car for Your Teen (State Farm)
• Prom Night Tips for Teen Drivers (State Farm)
• Collision Insurance Coverage (Nationwide)