How many times have you said it’s time to compare cheaper auto insurance rates in Colorado Springs, CO? Colorado Springs drivers have options when trying to find low-cost Mitsubishi Outlander insurance. They can either spend hours contacting agents trying to get quotes or leverage the internet to find the lowest rates.
There are both good and bad ways to find auto insurance online and you need to know the quickest way to quote coverages for your Mitsubishi and get the lowest price either online or from Colorado Springs insurance agents.
Consumers need to quote other rates quite often because prices fluctuate regularly. Despite the fact that you may have had the best price on Mitsubishi Outlander insurance in Colorado Springs last year other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because we’re going to show you the things you must know in order to remove unneeded coverages and save money.
The companies in the list below offer price comparisons in Colorado. In order to find cheaper car insurance in Colorado Springs, it’s a good idea that you visit as many as you can to get a more complete price comparison.
Lower-cost Mitsubishi Outlander insurance in Colorado Springs
Buying auto insurance is not cheap, but companies offer discounts that could help you make your next renewal payment. Many of these discounts will be applied automatically at the time of purchase, but some need to be asked about before you will receive the discount.
- Drivers Education – Cut your cost by having your teen driver successfully take a driver’s education course as it can save substantially.
- Claim-Free Discount – Insureds who avoid accidents and claims are rewarded with significantly better rates on Colorado Springs auto insurance quote as opposed to policyholders that have many claims.
- Pay Early and Save – If you pay your entire premium ahead of time rather than paying in monthly installments you could save 5% or more.
- One Accident Forgiven – This isn’t a discount exactly, but companies like Progressive and Allstate will allow you to have one accident without raising rates if you have no claims prior to being involved in the accident.
- Defensive Driving Course – Taking a course that instructs on driving safety could save 5% or more and easily pay for the cost of the class.
- Employee of Federal Government – Active or former government employment can save as much as 8% depending on your auto insurance provider.
One last thing about discounts, most discounts do not apply to the entire policy premium. Most cut the price of certain insurance coverages like collision or personal injury protection. Despite the fact that it seems like adding up those discounts means a free policy, auto insurance companies aren’t that generous. But all discounts will lower the cost of coverage.
The illustration below shows the comparison of Mitsubishi Outlander yearly insurance costs with and without policy discounts. The premiums assume a female driver, no violations or claims, Colorado state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, safe-driver, marriage, and multi-policy discounts applied.
A list of auto insurance companies and some of the premium reductions they offer are outlined below.
- Farm Bureau may have discounts that include renewal discount, safe driver, good student, 55 and retired, driver training, youthful driver, and multi-vehicle.
- MetLife may include discounts for good student, defensive driver, good driver, multi-policy, claim-free, accident-free
- Progressive offers premium reductions for good student, multi-policy, online quote discount, homeowner, and multi-vehicle.
- AAA policyholders can earn discounts including good student, AAA membership discount, anti-theft, multi-car, good driver, multi-policy, and education and occupation.
- American Family has discounts for TimeAway discount, bundled insurance, accident-free, defensive driver, Steer into Savings, air bags, and mySafetyValet.
- GEICO has savings for multi-vehicle, good student, membership and employees, military active duty, five-year accident-free, driver training, and daytime running lights.
- State Farm offers discounts for defensive driving training, anti-theft, Steer Clear safe driver discount, driver’s education, student away at school, and safe vehicle.
When comparing rates, check with each company or agent to apply every possible discount. Some discounts may not apply to policies in your state. If you would like to view companies with discount rates in Colorado Springs, click here.
Mitsubishi Outlander insurance coverage information
The data table shown next highlights estimates of policy rates for Mitsubishi Outlander models. Having a better understanding of how auto insurance prices are figured is important for making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outlander ES 2WD | $212 | $416 | $388 | $22 | $116 | $1,154 | $96 |
| Outlander SE 4WD | $212 | $416 | $388 | $22 | $116 | $1,154 | $96 |
| Outlander SE 4WD | $212 | $416 | $388 | $22 | $116 | $1,154 | $96 |
| Outlander SE 2WD | $212 | $416 | $388 | $22 | $116 | $1,154 | $96 |
| Outlander SE 2WD | $212 | $416 | $388 | $22 | $116 | $1,154 | $96 |
| Outlander ES 4WD | $212 | $416 | $388 | $22 | $116 | $1,154 | $96 |
| Outlander XLS 2WD | $240 | $492 | $388 | $22 | $116 | $1,258 | $105 |
| Outlander XLS 4WD | $240 | $492 | $388 | $22 | $116 | $1,258 | $105 |
| Outlander GT-S AWC 4WD | $240 | $492 | $388 | $22 | $116 | $1,258 | $105 |
| Outlander GT-S AWC 4WD | $240 | $492 | $388 | $22 | $116 | $1,258 | $105 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Estimates do not factor in vehicle location which can lower or raise prices significantly.
Analysis of deductible levels
When shopping for car insurance, a common question is which deductible level should you buy. The figures shown below approximate the price difference of buying low and high policy deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outlander ES 2WD | $302 | $546 | $298 | $18 | $90 | $1,279 | $107 |
| Outlander SE 4WD | $302 | $546 | $298 | $18 | $90 | $1,279 | $107 |
| Outlander SE 4WD | $302 | $546 | $298 | $18 | $90 | $1,279 | $107 |
| Outlander SE 2WD | $302 | $546 | $298 | $18 | $90 | $1,279 | $107 |
| Outlander SE 2WD | $302 | $546 | $298 | $18 | $90 | $1,279 | $107 |
| Outlander ES 4WD | $302 | $546 | $298 | $18 | $90 | $1,279 | $107 |
| Outlander XLS 2WD | $342 | $644 | $298 | $18 | $90 | $1,417 | $118 |
| Outlander XLS 4WD | $342 | $644 | $298 | $18 | $90 | $1,417 | $118 |
| Outlander GT-S AWC 4WD | $342 | $644 | $298 | $18 | $90 | $1,417 | $118 |
| Outlander GT-S AWC 4WD | $342 | $644 | $298 | $18 | $90 | $1,417 | $118 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outlander ES 2WD | $168 | $288 | $298 | $18 | $90 | $862 | $72 |
| Outlander SE 4WD | $168 | $288 | $298 | $18 | $90 | $862 | $72 |
| Outlander SE 4WD | $168 | $288 | $298 | $18 | $90 | $862 | $72 |
| Outlander SE 2WD | $168 | $288 | $298 | $18 | $90 | $862 | $72 |
| Outlander SE 2WD | $168 | $288 | $298 | $18 | $90 | $862 | $72 |
| Outlander ES 4WD | $168 | $288 | $298 | $18 | $90 | $862 | $72 |
| Outlander XLS 2WD | $190 | $340 | $298 | $18 | $90 | $936 | $78 |
| Outlander XLS 4WD | $190 | $340 | $298 | $18 | $90 | $936 | $78 |
| Outlander GT-S AWC 4WD | $190 | $340 | $298 | $18 | $90 | $936 | $78 |
| Outlander GT-S AWC 4WD | $190 | $340 | $298 | $18 | $90 | $936 | $78 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rate information does not factor in specific Colorado Springs garaging location which can alter premium rates greatly.
We can derive from the above data that using a $100 deductible could cost the average driver approximately $37 more each month or $444 each year across all Mitsubishi Outlander models than selecting the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 24 months between claims, you would come out ahead by selecting a higher deductible.
The illustration below demonstrates how deductibles and can increase or decrease Mitsubishi Outlander insurance costs for different categories of driver ages. The premiums assume a single male driver, full coverage, and no discounts are applied to the premium.
Comparison of full coverage and liability-only policies
The information below shows the difference between Mitsubishi Outlander auto insurance rates with and without full coverage. The premiums assume no violations or accidents, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
Should you pay for full coverage or liability only?
There is no exact formula of when to stop paying for physical damage insurance, but there is a broad guideline. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Mitsubishi Outlander replacement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,000 after paying your policy deductible. If it’s costing in excess of $800 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where removing full coverage is not recommended. If you still have a lienholder on your title, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
Get Cheap Insurance Costs by Understanding These Factors
One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that go into determining your insurance rates. When consumers understand what determines base rates, this helps enable you to make changes that can earn you lower insurance prices.
- Urban areas may pay more – Residing in less populated areas is a good thing if you are looking for the lowest rates. Urban drivers regularly have congested traffic and a longer drive to work. Fewer drivers on the road means fewer accidents and also fewer theft and vandalism claims.
- Do you know your deductibles? – Physical damage protection, also known as collision and other-than-collision, helps pay for damage to your vehicle. A few examples of covered claims could be colliding with a building, damage caused by hail, and windstorm damage. The deductibles you choose state the amount of money you are willing to pay out-of-pocket if the claim is covered. The larger the amount you pay before a claim is paid (deductible), the lower your rates will be.
- Liability insurance limits are a factor – Your insurance policy’s liability coverage is the protection when you are found to be at fault for causing damage or personal injury in an accident. It provides legal defense coverage to defend your case. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
- Rates may be lower depending on your employer – Jobs such as military generals, business owners, and emergency personnel tend to pay higher rates than the rest of us attributed to high stress levels and lots of time spent away from family. Other careers like scientists, athletes and performers have the lowest average rates.
- Improve your credit history and save – Credit history is a large factor in calculating your insurance rates. If your credit can be improved, you could pay less to insure your Mitsubishi Outlander by spending a little time repairing your credit. Drivers with excellent credit scores tend to be better risks to insure than drivers who have lower ratings.
- Lower mileage equals lower premium – Driving more miles in a year’s time the more you’ll pay to insure it. The majority of insurers price each vehicle’s coverage based upon how you use the vehicle. Cars and trucks not used for work or commuting receive better premium rates than those used for commuting. Incorrect rating for your Outlander is just wasting money. Ask your agent if your insurance coverage correctly shows how each vehicle is driven.
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Women tend to be lower risk – Over the last 50 years, statistics have shown that females take fewer risks when driving. That doesn’t necessarily mean that men are WORSE drivers than women. Females and males are in at-fault accidents at about the same rate, but the men cause more damage. Men also tend to get ticketed for serious violations like driving under the influence (DUI). Male teenagers are several times more likely to be in an accident and are penalized with high insurance rates.
The diagram below illustrates the difference between Mitsubishi Outlander car insurance rates for male and female drivers. The rates are based on no violations or accidents, comprehensive and collision coverage, $1,000 deductibles, single status, and no policy discounts are applied.
- GPS tracking and theft deterrents lowers premiums – Selecting a car model with a theft deterrent system can get you a discount on your insurance. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent vehicle theft.
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Loss statistics for a Mitsubishi Outlander – Companies analyze past claim statistics when they set coverage costs for each model. Models that the data determines to have higher losses will have a higher cost to insure.
The table below shows the historical insurance loss data for Mitsubishi Outlander vehicles. For each insurance policy coverage type, the claim probability for all vehicles as a whole is equal to 100. Values that are under 100 are indicative of better than average losses, while numbers above 100 indicate more frequent losses or statistically larger losses.
Insurance Loss Ratings for Mitsubishi Outlander Vehicles 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Comparing quotes from local Colorado Springs auto insurance agents
Some consumers still prefer to talk to a local agent and there is nothing wrong with that. Experienced insurance agents will help you protect your assets and help in the event of a claim. One of the best bonuses of getting free rate quotes online is that you can find cheaper auto insurance rates and still choose a local agent. Buying from and supporting neighborhood agents is still important in Colorado Springs.
By using this short form, your insurance data is transmitted to local insurance agents in Colorado Springs who will give competitive quotes for your coverage. There is no need to leave your computer since rate quotes are delivered immediately to you. In the event you want to compare prices for a specific company, you just need to go to their quote page and complete a quote there.
Colorado Springs car insurance agents come in two flavors
If you are searching for a good insurance agency, you should know the types of agencies to choose from. Car insurance agents in Colorado Springs can be categorized as either independent agents or exclusive agents. Either type can do a good job, but it is a good idea to know how they differ since it may influence the selection process.
Independent Car Insurance Agents (or Brokers)
Agents that choose to be independent can sell policies from many different companies so as a result can place your coverage with an assortment of companies and potentially find a lower price. To transfer your coverage to a different company, the agent simply finds a different carrier and you won’t have to switch agencies.
If you are comparing rate quotes, you will definitely want to get quotes from several independent agencies for the best price selection. Most have the option of insuring with different regional companies who may have lower rates.
Shown below are Colorado Springs independent insurance agents that may be able to give you rate quotes.
- ALINK Insurance Services- Colorado Springs Location
2407 W Colorado Ave – Colorado Springs, CO 80904 – (719) 473-6262 – View Map - A Better Choice Auto Insurance
1863 N Circle Dr – Colorado Springs, CO 80909 – (719) 667-1301 – View Map - Solid Rock Insurance Agency
2850 Serendipity Cir W #230 – Colorado Springs, CO 80917 – (719) 574-0082 – View Map
View more Colorado Springs agents
Exclusive Agents
Agents that choose to be exclusive generally can only insure with one company such as State Farm or Allstate. They usually cannot give you multiple price quotes so it’s a take it or leave it situation. These agents are very knowledgeable on what they offer which aids in selling service over price. Some insured continue to buy from exclusive agents mainly due to the prominent brand name and solid financial strength.
Below is a list of exclusive insurance agencies in Colorado Springs who can help you get price quote information.
- Larry Lucero – State Farm Insurance Agent
5225 Academy Blvd N #108 – Colorado Springs, CO 80918 – (719) 599-8661 – View Map - Dave Beadles – State Farm Insurance Agent
308 W Fillmore St #106 – Colorado Springs, CO 80907 – (719) 632-5433 – View Map - American Family Insurance – Ed Reed
202 E Cheyenne Mountain Blvd k – Colorado Springs, CO 80906 – (719) 540-8400 – View Map
View more Colorado Springs agents
Choosing an auto insurance agent requires you to look at more than just a cheap price. Any good agent in Colorado Springs should know the answers to these questions.
- What discounts might you be missing?
- Is assistance available after office hours?
- Do they reduce claim amounts on high mileage vehicles?
- Are all drivers listed on the coverage quote?
- Are there any extra charges for paying monthly?
- Do the coverages you’re quoting properly cover your vehicle?
- Is auto insurance their primary focus in Colorado Springs?
After you get good answers for all questions you ask and a low price estimate, chances are good that you have found an insurance agency that meets your needs to insure your vehicles.
It’s not one size fits all
When quoting and choosing the best auto insurance coverage for your vehicles, there really is no perfect coverage plan. Your situation is unique.
These are some specific questions might point out whether or not you may require specific advice.
- What is no-fault insurance?
- Should I buy more coverage than the required Colorado minimum liability coverage?
- Do I really need UM/UIM coverage?
- What if I don’t agree with a claim settlement offer?
- Can I afford low physical damage deductibles?
- Can I afford to pay high deductible claims out of pocket?
- If I drive on a suspended license am I covered?
- When should I remove comp and collision on my Mitsubishi Outlander?
- Why do I only qualify for high-risk insurance?
- Am I covered if I wreck a rental car?
If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form. It is quick, free and can help protect your family.
The best rates come from being thorough
We just covered many tips how you can shop for Mitsubishi Outlander insurance online. It’s most important to understand that the more rate quotes you have, the better chance you’ll have of finding low cost Colorado Springs auto insurance quotes. Consumers could even find that the best prices are with a company that doesn’t do a lot of advertising.
Drivers leave their current company for a variety of reasons including denial of a claim, delays in responding to claim requests, being labeled a high risk driver or policy cancellation. Whatever your reason, switching insurance companies can be easier than you think.
Affordable Mitsubishi Outlander insurance in Colorado Springs is possible both online and with local Colorado Springs insurance agents, so you should compare both to get a complete price analysis. Some insurance companies don’t offer the ability to get quotes online and these smaller providers prefer to sell through independent agencies.
Steps to finding affordable quotes for Mitsubishi Outlander insurance in Colorado Springs
Really, the only way to get low-cost Mitsubishi Outlander insurance in Colorado Springs is to compare prices regularly from providers in Colorado.
- First, gain an understanding of how insurance works and the steps you can take to drop your rates. Many rating criteria that are responsible for high rates like getting speeding tickets and your credit history can be rectified by making minor changes in your lifestyle.
- Second, compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while agents who are independent can quote prices for a wide range of insurance providers.
- Third, compare the new quotes to your current policy premium to see if you can save by switching companies. If you can save some money and decide to switch, make sure coverage does not lapse between policies.
An essential thing to point out is to make sure you’re comparing identical coverages on every quote and and to analyze as many companies as you can. Doing this ensures a fair price comparison and the most accurate and complete price analysis.
Even more information can be found by following these links:
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Who Has Affordable Auto Insurance for Retired Military in Colorado Springs? (FAQ)
- Who Has Affordable Car Insurance for Handicapped Drivers in Colorado Springs? (FAQ)
- What Auto Insurance is Cheapest for a Dodge Ram in Colorado Springs? (FAQ)
- Distracted Driving Extends Beyond Texting (State Farm)
- Auto Insurance 101 (About.com)
- Credit Impacts Car Insurance Rates (State Farm)