It’s hard to believe, but over 70% of drivers kept buying from the same company for four years or more, and nearly half have never quoted car insurance rates at all. With the average car insurance premium being $1,160, Alaska drivers could save about 35% a year by just comparing rate quotes, but most undervalue the amount of money they would save if they changed companies.
The best way we recommend to get more affordable Mitsubishi Raider insurance is to start doing an annual price comparison from providers in Anchorage. You can compare rates by following these steps.
- Step 1: Try to comprehend policy coverages and the measures you can take to prevent expensive coverage. Many rating criteria that drive up the price like traffic citations, accidents, and poor credit history can be controlled by making lifestyle changes or driving safer. This article provides information to help find cheaper rates and find additional discounts you may qualify for.
- Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agents can give you price quotes for many different companies. Start a quote
- Step 3: Compare the new rate quotes to the premium of your current policy to determine if you can save on Raider insurance in Anchorage. If you find a lower rate quote and decide to switch, ensure there is no coverage lapse between policies.
- Step 4: Give proper notification to your current agent or company to cancel your current policy. Submit a signed application and payment to your new insurance company. Once the application is submitted, place the new certificate verifying coverage in your vehicle.
One important bit of advice is to compare identical coverages on every quote and and to get price quotes from as many companies as you can. Doing this provides a level playing field and a complete price analysis.
Cheapest Mitsubishi Raider insurance quotes in Anchorage
Finding low cost Anchorage auto insurance rates is actually quite simple. You just need to take a few minutes to get quotes to find out which insurance company has the cheapest Mitsubishi Raider rate quotes.
Doing price comparisons online is so simple that it makes it obsolete to drive around to insurance agents’ offices. Shopping for auto insurance online eliminates the need for an insurance agent unless you’re the type of person who wants the professional abilities of a licensed agent. However, consumers can get the lowest quotes online and still use a local agent.
The companies in the list below are our best choices to provide price comparisons in Anchorage, AK. If you wish to find cheap car insurance in Alaska, we suggest you visit several of them to find the cheapest car insurance rates.
Insurance is not optional
Despite the high cost of buying insurance for a Mitsubishi Raider in Anchorage, insurance may be required and benefits you in several ways.
- Most states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability protection in order to license the vehicle. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your Mitsubishi Raider, almost all lenders will stipulate that you have insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender will be forced to insure your Mitsubishi for a much higher rate and force you to pay for the expensive policy.
- Insurance safeguards your Mitsubishi and your assets. Insurance will pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, will also pay to defend you in the event you are sued. If mother nature or an accident damages your car, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of buying enough insurance greatly outweigh the cost, especially when you need to use it. Despite what companies tell you, the average driver is overpaying over $825 a year so you should quote rates every year to ensure rates are competitive.
Specifics of your car insurance policy
Understanding the coverages of car insurance helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy.
Coverage for collisions
This will pay to fix damage to your Raider resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as colliding with another moving vehicle, colliding with a tree, hitting a parking meter, sustaining damage from a pot hole and rolling your car. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible on your Raider to bring the cost down.
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your Mitsubishi Raider.
Due to the fact that many Alaska drivers only purchase the least amount of liability that is required (Alaska limits are 50/100/25), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.
Med pay and Personal Injury Protection (PIP)
Coverage for medical payments and/or PIP pay for short-term medical expenses for things like rehabilitation expenses, doctor visits, pain medications and chiropractic care. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage
Comprehensive insurance
This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims such as damage from a tornado or hurricane, hail damage, a broken windshield and damage from getting keyed. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Auto liability insurance
Liability coverage can cover damage that occurs to people or other property. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/25 which means $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $25,000 of coverage for damaged property.
Liability can pay for claims like loss of income, medical services, bail bonds, emergency aid and pain and suffering. How much coverage you buy is up to you, but you should buy as large an amount as possible. Alaska state law requires minimum liability limits of 50/100/25 but drivers should carry higher limits.
The next chart demonstrates why buying minimum limits may not be enough coverage.