Really, the only way to get more affordable Mitsubishi Outlander insurance in Nashville is to make a habit of regularly comparing prices from insurance carriers in Tennessee. You can shop around by following these steps.
Step 1: Learn about how your policy works and the factors you can control to lower rates. Many factors that increase rates such as speeding tickets, accidents and a poor credit rating can be controlled by making lifestyle changes or driving safer. Later in this article we will cover tips to help prevent high rates and find discounts that may have been missed.
Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from a single company like Progressive or Allstate, while independent agencies can quote prices for many different companies.
Step 3: Compare the new rates to the premium of your current policy and see if there is a cheaper rate. If you can save money, make sure there is no lapse in coverage.
Step 4: Provide proper notification to your current company to cancel the current policy and submit payment and a completed application for your new policy. Once received, safely store the certificate verifying proof of insurance in a readily accessible location in your vehicle.
A tip to remember is to make sure you’re comparing the same liability limits and deductibles on every quote request and and to analyze every company you can. This provides a fair rate comparison and a complete price analysis.
It’s an obvious statement that car insurance companies don’t want you comparing rates. People who compare other rates are likely to move their business because they stand a good chance of finding more affordable rates. A survey found that drivers who routinely compared rates saved on average $865 a year as compared to drivers who never shopped around.
If finding the cheapest price on Mitsubishi Outlander insurance is your ultimate goal, then learning a little about how to get free comparison quotes and analyze coverages can make the process more efficient.
If you have car insurance now, you will most likely be able to shop for the lowest rates using the ideas presented in this article. Pricing the lowest cost car insurance coverage in Nashville is not as hard as you think. Nevertheless, Tennessee consumers do need to know the methods companies use to determine what you pay.
When quoting car insurance, remember that quoting more will improve the odds of getting the best rates. Not every company provides rate quotes online, so you should also compare prices from them, too.
The auto insurance companies shown below offer price comparisons in Tennessee. If your goal is to find cheap car insurance in Tennessee, we recommend you visit several of them in order to find the most competitive rates.
Take policy discounts and save on Mitsubishi Outlander insurance in Nashville
Properly insuring your vehicles can get expensive, but there may be some discounts that could drop your premiums quite a bit. Certain discounts will be applied when you get a quote, but a few need to be asked about before you will receive the discount.
- Theft Deterrent System – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft so companies will give you a small discount.
- E-sign – Many insurance companies will give a small break for signing up digitally online.
- Telematics Discount – Nashville drivers who agree to allow driving data submission to look at where and when they drive through the use of a telematics system such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if they have good driving habits.
- Lower Rates for Military – Having an actively deployed family member could trigger a small discount.
- Early Signing – Some companies reward drivers for switching to them prior to your current Outlander insurance policy expiring. You can save around 10% with this discount.
You should keep in mind that most discount credits are not given to your bottom line cost. The majority will only reduce individual premiums such as liability and collision coverage. So when it seems like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy. Any qualifying discounts will definitely lower your overall bill.
The chart below shows the comparison of Mitsubishi Outlander car insurance costs with and without some available policy discounts. The price estimates are based on a female driver, no violations or accidents, Tennessee state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, multi-car, claim-free, and homeowner discounts applied.
Car insurance companies who may offer most of these discounts include:
When getting a coverage quote, ask every prospective company which credits you are entitled to. Some of the earlier mentioned discounts may not be available everywhere.
Mitsubishi Outlander coverage statistics
The coverage information shown next highlights detailed analysis of insurance coverage prices for Mitsubishi Outlander models. Learning more about how car insurance premiums are calculated can assist in making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outlander ES 2WD | $174 | $342 | $320 | $18 | $96 | $950 | $79 |
| Outlander SE 4WD | $174 | $342 | $320 | $18 | $96 | $950 | $79 |
| Outlander SE 4WD | $174 | $342 | $320 | $18 | $96 | $950 | $79 |
| Outlander SE 2WD | $174 | $342 | $320 | $18 | $96 | $950 | $79 |
| Outlander SE 2WD | $174 | $342 | $320 | $18 | $96 | $950 | $79 |
| Outlander ES 4WD | $174 | $342 | $320 | $18 | $96 | $950 | $79 |
| Outlander XLS 2WD | $196 | $404 | $320 | $18 | $96 | $1,034 | $86 |
| Outlander XLS 4WD | $196 | $404 | $320 | $18 | $96 | $1,034 | $86 |
| Outlander GT-S AWC 4WD | $196 | $404 | $320 | $18 | $96 | $1,034 | $86 |
| Outlander GT-S AWC 4WD | $196 | $404 | $320 | $18 | $96 | $1,034 | $86 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rate quotes do not factor in Nashville location which can change coverage rates considerably.
Impact of speeding/accidents on Nashville car insurance rates
The example below illustrates how violations and at-fault collisions can raise Mitsubishi Outlander premium costs for different age groups of insureds. The prices are based on a single male driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
Mitsubishi Outlander full coverage rates compared to liability only
The information below shows the difference between Mitsubishi Outlander insurance costs with liability coverage only compared to full coverage. The rate quotes are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single status, and no discounts are taken into consideration.
When to drop comp and collision
There is no definitive rule of when to exclude physical damage insurance, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
For example, let’s say your Mitsubishi Outlander claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after you pay the deductible. If premiums are more than $400 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are some conditions where only buying liability is not in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not buy liability only.
Buying car insurance from Nashville insurance agents
Some consumers prefer to visit with an insurance agent. A nice benefit of comparing rates online is that you can find lower rates but also keep your business local. Putting coverage with neighborhood agents is definitely important in Nashville.
After filling out this quick form, your insurance coverage information gets sent to local insurance agents in Nashville who will give you quotes for your coverage. You don’t have to search for any insurance agencies since price quotes are sent to you. You can most likely find cheaper rates and a licensed agent to talk to. If you have a need to quote rates from a specific insurance company, don’t hesitate to find their quoting web page and give them your coverage information.
What type of Nashville auto insurance agent is right for you?
When searching for a local insurance agency, it’s important to understand the different types of agencies and how they can quote your rates. Insurance agencies in Nashville can be described as either independent or exclusive depending on the company they work for.
Independent Car Insurance Agencies
Agents in the independent channel are not required to write business for one company so they can write business through lots of different companies and find you the best rates. If they find a cheaper price, your policy is moved internally and the insured can keep the same agent.
When comparing rate quotes, you will want to include at a minimum one independent agency so that you have a good selection of quotes to compare. They often place coverage with lesser-known insurance companies that can offer cheaper rates than bigger companies.
Featured below is a partial list of independent agents in Nashville who can help you get price quote information.
- Goldstein Insurance Agency
125 #203b Suite, 102 Belle Forest Cir – Nashville, TN 37221 – (615) 673-2727 – View Map - Spann Agency
710 Thompson Ln – Nashville, TN 37204 – (615) 383-8000 – View Map - Chamberlain Insurance Agency
4741 Trousdale Dr #104 – Nashville, TN 37220 – (615) 922-2317 – View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive can usually just insure with one company and some examples include Allstate and State Farm. They are unable to provide prices from multiple companies so they have no alternatives for high prices. Exclusive agents are usually quite knowledgeable on their products and sales techniques and that can be a competitive advantage. Some people will only choose to use an exclusive agent mainly due to the prominent brand name and the convenience of having all coverages with one company.
Below is a list of exclusive agencies in Nashville that are able to give price quote information.
- Phill Pharr – State Farm Insurance Agent
5814 Nolensville Pike #108 – Nashville, TN 37211 – (615) 832-0897 – View Map - Valinda Burks – State Farm Insurance Agent
2012 8th Ave S – Nashville, TN 37204 – (615) 292-8050 – View Map - Arnie Phipps – State Farm Insurance Agent
4811 Trousdale Dr c – Nashville, TN 37220 – (615) 833-1300 – View Map
Deciding on a auto insurance agent requires more thought than just the quoted price. Any agent in Nashville should be forthright in answering these questions:
- Can you get a list of referrals?
- What discounts might you be missing?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Will high miles depreciate repair valuations?
- Does the company have a solid financial rating?
- Will you get a loaner vehicle if you car is being repaired?
- What company do they have the most business with?
Auto insurance can get complicated
Always keep in mind that when comparing proper insurance coverage, there really isn’t a single plan that fits everyone. Your needs are not the same as everyone else’s.
For example, these questions may help highlight if you will benefit from professional help.
- Is my nanny covered when transporting my kids?
- When do I need to add a new car to my policy?
- When can I cancel my policy?
- Do I need special coverage while pulling a rented trailer?
- Who sells insurance for high-risk drivers?
- Who is covered by my policy?
- How long can I keep a teen driver on my policy?
If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form.
Why Informed Drivers Pay Less for Mitsubishi Outlander Insurance
Many different elements are used in the calculation when pricing auto insurance. Most are fairly basic such as traffic violations, although others are not quite as obvious such as your credit history or how safe your car is.
The factors shown below are most of the major factors used by companies to determine your prices.
Rate your vehicle for proper use – The more you drive your Mitsubishi annually the higher the price you pay to insure it. Almost all companies calculate rates based upon how the vehicle is primarily used. Autos that sit idle most of the time receive lower rates as compared to vehicles used primarily for driving to work. It’s always a good idea to double check that your declarations sheet properly reflects annual mileage, because improper ratings can cost you money. An improperly rated Outlander is just wasting money.
Safeguard your assets with liability protection – The liability section of your policy is the protection in the event that you are ruled to be at fault for causing damage or personal injury in an accident. It provides you with a defense in court which can cost thousands of dollars. Liability is cheap as compared to coverage for physical damage, so do not cut corners here.
Cheaper insurance rates for prior coverage – Having a gap between insurance policy dates is a fast way to bump up your insurance costs. In addition to paying higher rates, the inability to provide proof of insurance may earn you a revoked license or a big fine. You could then be forced to submit proof of financial responsibility or a SR-22 with the Tennessee motor vehicle department.
Prevent your car from being stolen – Purchasing a vehicle with a theft deterrent system can earn a premium discount. Systems that thwart thieves such as OnStar, LoJack tracking, and tamper alarms can help prevent auto theft.
Vehicles with better crash test results mean better rates – Safer cars are cheaper to insure. Highly rated vehicles reduce the chance of injuries and lower injury rates means less money paid by your insurance company passed on to you as lower rates.
Additional coverages that may be costing you – Policies have extra add-on coverages you can purchase if you aren’t diligent. Add-on coverages like coverage for rental cars, death and dismemberment, and additional equipment coverage may not be needed and are just wasting money. The coverages may be enticing when talking to your agent, but if you have no use for them think about removing them and cutting costs.
Insurance loss data for a Mitsubishi Outlander – Insurance companies use past insurance losses in order to profitably underwrite each model. Vehicles that are shown to have a higher amount or frequency of claims will cost more for specific coverages.
The next table shows the actual insurance loss data for Mitsubishi Outlander vehicles. For each type of coverage, the loss probability for all vehicles averaged together is equal to 100. Numbers that are below 100 imply a favorable loss record, while numbers above 100 point to more losses or a tendency for losses to be larger than average.
| Vehicle 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 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Three reasons to not skimp on car insurance
Even though it’s not necessarily cheap to insure a Mitsubishi in Nashville, maintaining insurance serves an important purpose.
First, most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability protection in order to license the vehicle. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if you have a loan on your Outlander, almost all lenders will force you to carry insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank may insure your Mitsubishi at an extremely high rate and force you to pay the higher price.
Third, car insurance protects not only your Mitsubishi Outlander but also your assets. It will also provide coverage for many types of medical costs for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense in the event you are sued. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance outweigh the cost, particularly when you have a large claim. According to a 2015 survey, the average American driver overpays more than $869 every year so smart consumers compare quotes at least once a year to ensure rates are competitive.
Tennessee car insurance company ratings
Choosing a high-quality car insurance provider can be challenging considering how many choices drivers have in Nashville. The ranking information displayed below may help you pick which companies to look at putting your business with.
Top 10 Nashville Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- Erie Insurance
- Esurance
- The General
Top 10 Nashville Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
Shop around and save
Cost effective Mitsubishi Outlander insurance can be sourced on the web and from local agencies, so get free Nashville auto insurance quotes from both of them to get a complete price analysis. Some companies may not offer the ability to get quotes online and many times these small, regional companies sell through independent insurance agents.
As you restructure your insurance plan, it’s not a good idea to sacrifice coverage to reduce premiums. There are many occasions where an insured dropped comprehensive coverage or liability limits to discover at claim time that the small savings ended up costing them much more. The proper strategy is to purchase plenty of coverage at a price you can afford while still protecting your assets.
People change insurance companies for many reasons like denial of a claim, delays in responding to claim requests, extreme rates for teen drivers or delays in paying claims. It doesn’t matter what your reason, switching insurance companies is pretty simple and you could end up saving a buck or two.
Additional insurance information can be found at these links:
- Senior Drivers (Insurance Information Institute)
- Who Has Cheap Car Insurance for a 20 Year Old Male in Nashville? (FAQ)
- Understanding your Policy (NAIC.org)
- Top Signs Your Brakes are Giving Out (State Farm)
- Distracted Driving Extends Beyond Texting (State Farm)
- Information for Teen Drivers (GEICO)