Cheap Mitsubishi Outlander Insurance in Chicago

Are you regretting the purchase of an overpriced auto insurance policy? Believe me, many Chicago drivers feel the same as you.

A recent auto insurance study revealed that the vast majority of auto insurance customers have remained with the same auto insurance company for at least four years, and just short of a majority have never taken the time to shop around. The average driver in Illinois could save about $586 each year just by getting comparison quotes, but they don’t understand how simple it is to compare rates online. Lots of insurers contend to insure your vehicles, so it’s not easy to compare every company and get the definite best rates possible on Mitsubishi Outlander insurance in Chicago.

The companies shown below can provide quotes in Illinois. If more than one company is shown, we suggest you visit several of them to get the best price comparison.

Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Rates do not factor in the specific area where the vehicle is garaged which can change insurance rates greatly.

An analysis of deductible level

One common question asked by Chicago drivers is how high should the physical damage deductibles be. The following insurance rates lay out the premium difference between high and low insurance deductibles. The first data table uses a $250 deductible for physical damage and the second price grid uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rate quotes do not factor in garaging location in Chicago which can increase or decrease insurance rates considerably.

Based on the above data, using a $250 deductible could cost the average driver approximately $11 more each month or $132 every year than choosing the higher $500 deductible. Since you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 23 months between claims, you would save more money going with the higher deductible.

One thing to note is that a higher deductible means you will have to pay more out-of-pocket when you do file a claim. That will require some savings in the bank in order to pay the higher deductible.

Cheaper rates with these discounts

Some insurers don’t always advertise every possible discount in an easy-to-find place, so we break down both well-publicized and the harder-to-find discounts that you may qualify for. If you check and find you aren’t receiving every discount you qualify for, you are not getting the best rate possible.

• Theft Deterrent System – Vehicles equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and that can save you a little bit as well.
• Student Discounts – Performing well in school can earn a discount of 20% or more. You can use this discount normally up until you turn 25.
• Low Mileage Discounts – Fewer annual miles on your Mitsubishi may enable drivers to earn slightly better car insurance rates than normal.
• Renewal Discounts – Some insurance companies provide a discount for switching to them prior to your current Outlander insurance policy expiration. It can save you around 10%.
• Discount for Home Ownership – Owning your own home or condo can save you money due to the fact that maintaining a home means you have a higher level of financial diligence.
• Professional Memberships – Participating in certain professional organizations can get you a small discount on your policy.
• Cautious Drivers – Insureds who avoid accidents can save as much as half off their rates than their less cautious counterparts.
• Data Collection Discounts – Insureds that choose to allow their insurance company to look at driving habits by using a telematics device such as State Farm’s In-Drive could see a rate decrease if their driving habits are good.
• Bundle and Save – If you can combine your home and auto policy with one insurance company you will save at least 10 to 15 percent or more.
• Savings for New Vehicles – Buying coverage on a new vehicle is cheaper because newer vehicles have to meet stringent safety requirements.

Drivers should understand that some of the credits will not apply to the whole policy. Some only apply to specific coverage prices like liability and collision coverage. Even though the math looks like adding up those discounts means a free policy, it’s just not the way it works.

Companies that may offer most of the discounts above may include but are not limited to:

• State Farm
• Progressive
• Travelers
• American Family
• Liberty Mutual

When quoting, ask every prospective company to apply every possible discount. Depending on the company, some discounts may not apply to policies everywhere.

Why Your Insurance Prices might be higher

When buying car insurance it’s important to understand the different types of things that come into play when calculating car insurance rates. When consumers understand what controls the rates you pay, this enables you to make decisions that may result in cheaper rates.

• The more you drive the more you pay – The more you drive each year the higher the price you pay to insure it. A lot of insurance companies price each vehicle’s coverage based upon how the vehicle is primarily used. Cars and trucks that have low annual miles cost less to insure than cars that get driven a lot. An improperly rated Outlander is just wasting money. Ask your agent if your car insurance declarations sheet is showing annual mileage.
• Compare rates if you combine your policies – Most insurance companies afford discounts to clients that purchase more than one policy. It’s known as a multi-policy discount. Discounts can amount to ten or even fifteen percent. Even if you qualify for this discount already, you may still want to check prices from other companies to confirm you are receiving the best rates possible.
• Incidental coverages can add up – Insurance policies have a lot of additional extra coverages that sound like a good idea at the time when buying car insurance. Things like replacement cost coverage, accidental death, and term life insurance may be wasting your money. They may seem like a good idea initially, but now you might not need them so remove them and pocket the money.
• Good drivers pay lower rates – A bad driving record has a huge affect on how much you pay. Even one speeding ticket could increase your next policy renewal twenty percent or more. Drivers who don’t get tickets get better prices than their less careful counterparts. Drivers who have received multiple tickets such as reckless driving or DUI may be required to file a SR-22 with their state’s department of motor vehicles in order to continue driving.
• Mitsubishi Outlander claim statistics – Insurance companies analyze claim trends for every vehicle as a way to help calculate a profitable premium price. Models that statistically have a trend towards higher claim severity or frequency will have increased rates. The next table shows the historical insurance loss data for Mitsubishi Outlander vehicles.

  For each type of coverage, the claim amount for all vehicles, without regard to make or model, equals 100. Numbers shown that are under 100 are indicative of better than average losses, while percentages above 100 show a trend for more claims or statistically larger claims.

  Car Insurance Loss Data for Mitsubishi Outlander Models

  Make and 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
  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Shop online but buy locally

Certain consumers just want to get professional advice from a licensed agent and we recommend doing that Insurance agents can make sure you are properly covered and will help you if you have claims. The best thing about price shopping on the web is that you can find the lowest rates and still buy from a local agent.

After completing this form (opens in new window), your information gets sent to local insurance agents that can provide free Chicago auto insurance quotes to get your business. It simplifies rate comparisons since you won’t have to leave your house since rate quotes are delivered to you directly. If you have a need to quote rates for a specific company, just navigate to their website and submit a quote form there.

Picking the best insurance company requires more thought than just the price. Any agent in Chicago should be forthright in answering these questions:

• Can they give you a list of client referrals?
• What is the financial rating for the quoted company?
• How are they compensated?
• Do they regularly work with personal auto policies in Chicago?
• Do they offer accident forgiveness?
• What discounts might you be missing?
• If you are a high risk driver, do they have special markets for your coverage?
• Can glass repairs be made at your home?

Is an exclusive or independent auto insurance agent right for you?

If you are searching for an insurance agent, you must know there are a couple different types of agencies and how they operate. Car insurance agencies can either be independent agents or exclusive agents. Both can insure your vehicles, but it’s good to learn the difference in how they write coverage since it could factor into buying decisions.

Exclusive Insurance Agents

Agents that choose to be exclusive can only quote rates from one company like Allstate, Farmers Insurance or State Farm. Exclusive agents are unable to place coverage with different providers so they really need to provide good service. Exclusive agents receive a lot of sales training on their company’s products which helps them sell insurance even at higher premiums.

Shown below is a short list of exclusive agencies in Chicago that can give you comparison quotes.

View more Chicago agents

Independent Car Insurance Agents

These agents are not restricted to one company and that gives them the ability to insure with an assortment of companies and possibly get better coverage at lower prices. If they find a lower price, an independent agent can move your coverage which requires no work on your part.

When searching for an agent, you should always get insurance quotes from at a minimum one independent agency in order to compare the most rates.

Listed below is a short list of independent agents in Chicago who can help you get comparison quotes.

View more Chicago agents

Upon getting satisfactory answers to any questions you may have and a good coverage price, it’s a good possibility that you have found an auto insurance agent that is reliable enough to insure your vehicles.

There’s no such thing as the perfect auto insurance policy

When it comes to buying adequate coverage, there really is no “perfect” insurance plan. Each situation is unique so this has to be addressed.
Here are some questions about coverages that can aid in determining if your situation would benefit from an agent’s advice.

• Does rental coverage apply when I am renting a car?
• Am I covered when driving in Canada or Mexico?
• Is my state a no-fault state?
• What is high-risk coverage and where do I buy it?
• Is my trailer covered?
• When should I not buy collision coverage?
• What happens if I owe more than my Mitsubishi Outlander is worth?
• Can I get by with minimal medical coverage if I have good health insurance?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

Persistent drivers can save

We’ve covered some good ideas how to lower your Mitsubishi Outlander insurance rates in Chicago. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. You may even be surprised to find that the most savings is with a smaller regional carrier. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like State Farm, GEICO and Nationwide.

When you buy Chicago auto insurance online, do not reduce coverage to reduce premium. There are too many instances where someone dropped liability limits or collision coverage only to regret at claim time that it was a big mistake. Your goal should be to buy the best coverage you can find at the lowest possible cost but still have enough coverage for asset protection.

Cost effective Mitsubishi Outlander insurance can be found on the web as well as from insurance agents, and you should compare price quotes from both to get a complete price analysis. Some insurance providers do not offer online price quotes and most of the time these regional carriers only sell coverage through independent insurance agents.

Even more information can be found in these articles:

• Auto Insurance 101 (About.com)
• Who Has Cheap Chicago Auto Insurance Quotes for Handicapped Drivers? (FAQ)
• Who Has Cheap Chicago Auto Insurance Quotes for a 20 Year Old Male? (FAQ)
• Who Has the Cheapest Car Insurance Rates for Ride Shares in Chicago? (FAQ)
• What Auto Insurance is Cheapest for a Jeep Grand Cherokee in Chicago? (FAQ)
• How Much are Chicago Auto Insurance Rates for Nurses? (FAQ)
• What if I Can’t Find Coverage? (Insurance Information Institute)
• Comprehensive Coverage (Liberty Mutual)
• Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
• Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)