Searching for more affordable Mitsubishi Outlander insurance in Baltimore? Comparing and finding more affordable prices for Mitsubishi Outlander insurance in Baltimore may be difficult for beginners to online price comparisons. When there are so many companies in the marketplace, it can easily turn into a difficult situation to compare prices on Mitsubishi Outlander insurance.
It’s astonishing, but nearly 70% of consumers have purchased from the same company for at least four years, and 38% of customers have never shopped around. Baltimore consumers could save almost 55% a year just by shopping around, but most tend to underestimate the large savings they would see if they switched.
Informed Consumers Save Every Year
It’s important that you understand the factors that play a part in calculating your insurance rates. If you know what determines base rates, this helps enable you to make changes that could help you find lower insurance prices.
- Qualify for multi-policy discounts – Many insurers will award a discount to policyholders that have more than one policy, otherwise known as a multi-policy discount. Even with this discount, it’s in your best interest to check prices from other companies to ensure the best deal. Consumers may find lower rates by buying insurance from a different company.
- Better premiums for continuous coverage – Driving any period of time without insurance is not a good idea and you may have a hard time finding new coverage because you let your coverage cancel without a new policy in place. And not only will your rates increase, not being able to provide proof of insurance might get you fines and jail time. Then you may be required to submit proof of financial responsibility or a SR-22 with the Maryland motor vehicle department to get your license reinstated.
- Get better rates if married – Being married may cut your premiums on your insurance policy. Having a spouse means you’re more stable financially and statistics show married drivers tend to file fewer claims.
- Remove unneeded extra coverages – There are many additional extra coverages you can purchase if you aren’t careful. Coverages for personal injury protection, accidental death, and motor club memberships could be just wasting money. The coverages may be enticing when deciding what coverages you need, but if they’re wasting money think about removing them and cutting costs.
-
Accidents are costly – Having just one speeding ticket may increase your cost by as much as thirty percent. Good drivers tend to pay less for car insurance compared to bad drivers. Drivers who get careless tickets like reckless driving, hit and run or driving under the influence may need to file a proof of financial responsibility form (SR-22) with their state DMV in order to legally drive.
The information below demonstrates how citations and at-fault claims increase Mitsubishi Outlander annual premium costs for each different age group. The premium estimates are based on a single female driver, full coverage, $500 deductibles, and no discounts are taken into consideration.
-
Type of car determines base premiums – The performance level of the car, truck or SUV you need to insure makes a substantial difference in how high your rates are. The best insurance prices are usually found on small economy passenger cars, but the cost you end up paying is determined by many additional factors.
The next chart uses these assumptions: single male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Mitsubishi Outlander car insurance rates compared to other vehicles that have a range of performance rating factors.
-
Insurance losses for a Mitsubishi Outlander – Insurance companies analyze historical claim data when determining insurance costs. Vehicles that historically have higher number or severity of losses will have increased rates.
The table shown below demonstrates the historical loss data for Mitsubishi Outlander vehicles. For each insurance policy coverage type, the claim amount for all vehicles, regardless of make or model, is a value of 100. Percentages below 100 suggest losses that are better than average, while numbers that are greater than 100 indicate higher probability of having a loss or statistically larger claims.
Mitsubishi Outlander Insurance Loss 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Rates and detailed analysis
The rate information below showcases detailed analysis of rate quotes for Mitsubishi Outlander models. Learning how premiums are determined can help guide drivers when making decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outlander ES 2WD | $242 | $438 | $324 | $20 | $98 | $1,122 | $94 |
| Outlander SE 4WD | $242 | $438 | $324 | $20 | $98 | $1,122 | $94 |
| Outlander SE 4WD | $242 | $438 | $324 | $20 | $98 | $1,122 | $94 |
| Outlander SE 2WD | $242 | $438 | $324 | $20 | $98 | $1,122 | $94 |
| Outlander SE 2WD | $242 | $438 | $324 | $20 | $98 | $1,122 | $94 |
| Outlander ES 4WD | $242 | $438 | $324 | $20 | $98 | $1,122 | $94 |
| Outlander XLS 2WD | $272 | $518 | $324 | $20 | $98 | $1,232 | $103 |
| Outlander XLS 4WD | $272 | $518 | $324 | $20 | $98 | $1,232 | $103 |
| Outlander GT-S AWC 4WD | $272 | $518 | $324 | $20 | $98 | $1,232 | $103 |
| Outlander GT-S AWC 4WD | $272 | $518 | $324 | $20 | $98 | $1,232 | $103 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rate information does not factor in zip code location which can revise premiums considerably.
Gender-based insurance rates by age in Baltimore
The chart below compares Mitsubishi Outlander annual premium costs for male and female drivers. The rates are based on no violations or claims, full physical damage coverage, $500 deductibles, marital status is single, and no policy discounts are applied.
Rate comparison of full coverage and liability-only
The example below shows the comparison of Mitsubishi Outlander annual premium costs when comparing full coverage to state minimum liability only. The information is based on no claims or driving citations, $500 deductibles, drivers are single, and no discounts are applied to the premium.
When to drop full coverage
There is no set guideline of when to drop full coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s say your Mitsubishi Outlander replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after the policy deductible has been paid. If you are paying over $200 annually for physical damage coverage, then it may be the right time to buy liability only.
There are some circumstances where dropping physical damage coverage is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.
Car insurance policy discounts for Mitsubishi Outlander insurance in Baltimore
Some insurance providers don’t always list all possible discounts in an easy-to-find place, so the list below gives a summary of some of the more common and also the lesser-known ways to save on car insurance. If you do not check that you are getting every discount available, it’s possible you qualify for a lower rate.
- Seat Belt Usage – Forcing all vehicle occupants to buckle up before driving can save a little on the premium charged for medical payments and/or PIP.
- Driver Safety – Taking part in a course teaching defensive driver skills could earn you a small percentage discount if your company offers it.
- Baltimore Homeowners Pay Less – Just owning your own home may trigger a policy discount on car insurance because owning a home is proof that your finances are in order.
- Life Insurance Discount – Larger companies have a discount if you purchase life insurance from them.
- Employee of Federal Government – Employees or retirees of the government can earn a discount up to 10% depending on your company.
- No Claim Discounts – Good drivers with no accidents can save substantially in comparison with frequent claim filers.
- Full Payment Discount – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.
- Good Driver Discount – Insureds without accidents may receive a discount up to 45% than their less cautious counterparts.
- College Student Discount – Any of your kids who attend college more than 100 miles from Baltimore and do not have a car can receive lower rates.
- Telematics Data – Insureds that choose to allow their car insurance company to spy on driving habits by using a small device installed in their vehicle such as Progressive’s Snapshot might see lower rates as long as they are good drivers.
It’s important to understand that most discounts do not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like it’s possible to get free car insurance, companies don’t profit that way.
The example below illustrates the comparison of Mitsubishi Outlander insurance premiums with and without discounts applied to the policy rates. The data assumes a male driver, no claims, a clean driving record, Maryland state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-car, marriage, homeowner, and multi-policy discounts applied.
A list of companies and some of the premium reductions they offer can be read below.
- State Farm may have discounts that include passive restraint, defensive driving training, anti-theft, student away at school, and Drive Safe & Save.
- GEICO may offer discounts for seat belt use, five-year accident-free, driver training, anti-theft, daytime running lights, federal employee, and multi-vehicle.
- Allstate includes discounts for good student, premier discount, defensive driver, FullPay discount, utility vehicle, and new car.
- SAFECO offers premium reductions for bundle discounts, drive less, homeowner, teen safe driver, teen safety rewards, and accident prevention training.
- Farm Bureau offers discounts including multi-vehicle, driver training, multi-policy, good student, renewal discount, youthful driver, and 55 and retired.
- Progressive discounts include continuous coverage, homeowner, good student, online signing, and online quote discount.
- AAA offers discounts for good student, AAA membership discount, multi-car, multi-policy, anti-theft, education and occupation, and good driver.
When quoting, ask every company the best way to save money. Depending on the company, some discounts might not be offered in your area. To choose insurance companies who offer free Mitsubishi Outlander insurance quotes in Maryland, follow this link.
More effort can pay off
As you restructure your insurance plan, make sure you don’t reduce needed coverages to save money. In many instances, someone dropped uninsured motorist or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. Your objective should be to buy a smart amount of coverage for the lowest price while still protecting your assets.
We just presented quite a bit of information on how to lower your Mitsubishi Outlander insurance rates in Baltimore. The most important thing to understand is the more price quotes you have, the better your comparison will be. Drivers may even discover the best rates are with the smaller companies.
Discount Mitsubishi Outlander insurance in Baltimore can be found both online in addition to local insurance agencies, and you should compare rates from both in order to have the best chance of saving money. Some auto insurance companies do not provide price quotes online and most of the time these small insurance companies only sell coverage through independent agents.
How to quote cheaper Mitsubishi Outlander insurance in Baltimore
It takes a few minutes, but the best way to find cheaper prices for Mitsubishi Outlander insurance in Baltimore is to regularly compare quotes from insurance carriers who provide car insurance in Maryland. You can shop around by completing these steps.
Step 1: Get a basic knowledge of coverages and the changes you can make to drop your rates. Many rating criteria that result in higher prices like speeding tickets, accidents and an imperfect credit score can be eliminated by making small lifestyle or driving habit changes.
Step 2: Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like GEICO and State Farm, while agents who are independent can provide rate quotes for many different companies. View rates
Step 3: Compare the new rates to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate, ensure coverage does not lapse between policies.
Step 4: Provide notification to your current company of your decision to cancel the current policy and submit any necessary down payment along with the completed application to your new company or agent. As soon as you have the new policy, put the certificate verifying proof of insurance in an easily accessible location in your vehicle.
A crucial key to this process is that you use similar coverage information on every quote and and to analyze all possible companies. Doing this guarantees a level playing field and a complete rate analysis.
More information
- Teen Driver Licensing Information (iihs.org)
- Who Has Affordable Auto Insurance for Drivers with Accidents in Baltimore? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Electric Cars in Baltimore? (FAQ)
- What Auto Insurance is Cheapest for College Students in Baltimore? (FAQ)
- What Insurance is Cheapest for a Jeep Wrangler in Baltimore? (FAQ)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Child Safety Seats (Insurance Information Institute)