A study showed that about 70% of customers have been with the same company for at least four years, and virtually 40% of consumers have never compared auto insurance rates at all. With the average premium in the United States being $1,847, drivers can save hundreds of dollars each year, but they don’t believe the big savings they would realize if they swap their current policy for a cheaper one.
If your goal is the lowest price, then the best way to get low-cost Mitsubishi Outlander insurance in Indianapolis is to annually compare prices from different companies who sell auto insurance in Indiana. Rates can be compared by following these steps.
- First, read and learn about how car insurance works and the things you can change to prevent high rates. Many things that are responsible for high rates such as speeding and a not-so-good credit history can be rectified by making minor changes to your lifestyle. This article gives information to find cheap prices and get additional discounts that may have been overlooked.
- Second, quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from one company like GEICO and State Farm, while independent agencies can provide price quotes for a wide range of companies.
- Third, compare the new rates to your existing rates to see if switching to a new carrier will save money. If you find a better price, ensure there is no coverage lapse between policies.
- Fourth, tell your current company of your intention to cancel your current car insurance policy and submit the application along with any required down payment to the new company. Immediately upon receiving it, place your new certificate verifying proof of insurance in a readily accessible location in your vehicle.
One thing to remember is to make sure you enter the same deductibles and limits on each quote request and to quote with all possible companies. Doing this helps ensure a level playing field and a complete rate analysis.
The best way to compare insurance rates in your area is to know the trick most of the bigger providers participate in a system to provide you with a free rate quote. To get started, all you need to do is provide a small amount of information such as your credit rating estimate, if you are currently licensed, if you went to college, and the year, make and model of vehicles. Your rating data gets transmitted to multiple car insurance providers and you should receive rate quotes quickly.
If you would like to compare rates now, click here and find out if lower rates are available in Indianapolis.
The providers in the list below have been selected to offer free quotes in Indianapolis, IN. If the list has multiple companies, we recommend you compare several of them to get the most competitive price.
Insurance discounts help lower rates for Mitsubishi Outlander insurance in Indianapolis
Buying insurance is not cheap, but you might already qualify for some discounts that you may not even know about. Many discounts should be triggered at the time of purchase, but some need to be inquired about before you will receive the discount. If they aren’t giving you every credit you deserve, you could be saving more on your insurance.
- Auto/Home Discount – If you have multiple policies with the same company you could earn a discount of 10% to 20% off each policy.
- Distant College Student Discount – Any of your kids who live away from home at college without a vehicle on campus can be insured at a reduced rate.
- Discount for Good Grades – A discount for being a good student can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
- Employee of Federal Government – Being employed by or retired from a federal job could cut as much as 10% off depending on your company.
- Accident Free – Drivers who don’t have accidents have much lower rates when compared with policyholders that have many claims.
- Student Driver Training – Require your teen driver to successfully complete driver’s ed class in school or through a local driver safety program.
- More Vehicles More Savings – Buying coverage for several vehicles on a single policy can get a discount on all vehicles.
- Braking Control Discount – Cars, trucks, and SUVs with ABS and/or traction control can stop better under adverse conditions and qualify for as much as a 10% discount.
- Responsible Driver Discounts – Drivers who don’t get into accidents could pay up to 40% less than their less cautious counterparts.
- Telematics Devices – Indianapolis drivers who agree to allow their company to look at when and where they use their vehicle by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease if they are good drivers.
Consumers should know that some credits don’t apply to the entire cost. Most only reduce the price of certain insurance coverages like liability and collision coverage. So when it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.
The chart below visualizes the comparison of Mitsubishi Outlander insurance costs with and without discounts being applied to the rates. The premiums assume a female driver, no claims or driving violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, multi-car, safe-driver, and multi-policy discounts applied.
The best insurance companies and a summarized list of policyholder discounts can be read below.
- American Family may include discounts for mySafetyValet, good student, multi-vehicle, bundled insurance, and TimeAway discount.
- State Farm may have discounts that include good driver, Steer Clear safe driver discount, student away at school, Drive Safe & Save, and good student.
- 21st Century offers discounts including teen driver, automatic seat belts, anti-lock brakes, driver training, and early bird.
- Travelers offers discounts for payment discounts, multi-car, driver training, hybrid/electric vehicle, student away at school, and home ownership.
- GEICO has discounts for anti-theft, good student, military active duty, multi-policy, seat belt use, and emergency military deployment.
Before buying, ask every insurance company how many discounts you can get. Some of the discounts discussed earlier might not be offered on policies in Indianapolis. For a list of insurers that offer many of these discounts in Indianapolis, click here.
Insurance coverage analysis
The information shown below covers estimates of policy rates for Mitsubishi Outlander models. Being more informed about how auto insurance premiums are established is important to be able to make smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outlander ES 2WD | $268 | $536 | $322 | $20 | $96 | $1,242 | $104 |
| Outlander SE 4WD | $268 | $536 | $322 | $20 | $96 | $1,242 | $104 |
| Outlander SE 4WD | $268 | $536 | $322 | $20 | $96 | $1,242 | $104 |
| Outlander SE 2WD | $268 | $536 | $322 | $20 | $96 | $1,242 | $104 |
| Outlander SE 2WD | $268 | $536 | $322 | $20 | $96 | $1,242 | $104 |
| Outlander ES 4WD | $268 | $536 | $322 | $20 | $96 | $1,242 | $104 |
| Outlander XLS 2WD | $302 | $632 | $322 | $20 | $96 | $1,372 | $114 |
| Outlander XLS 4WD | $302 | $632 | $322 | $20 | $96 | $1,372 | $114 |
| Outlander GT-S AWC 4WD | $302 | $632 | $322 | $20 | $96 | $1,372 | $114 |
| Outlander GT-S AWC 4WD | $302 | $632 | $322 | $20 | $96 | $1,372 | $114 |
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Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Prices do not factor in specific Indianapolis garaging location which can lower or raise coverage rates considerably.
Physical damage deductibles
One common question asked by Indianapolis drivers is which comprehensive and collision deductibles to buy. The comparison tables below highlight the rate fluctuation between low and high physical damage deductibles. The first table uses a $100 comprehensive and collision deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outlander ES 2WD | $242 | $436 | $238 | $14 | $72 | $1,027 | $86 |
| Outlander SE 4WD | $242 | $436 | $238 | $14 | $72 | $1,027 | $86 |
| Outlander SE 4WD | $242 | $436 | $238 | $14 | $72 | $1,027 | $86 |
| Outlander SE 2WD | $242 | $436 | $238 | $14 | $72 | $1,027 | $86 |
| Outlander SE 2WD | $242 | $436 | $238 | $14 | $72 | $1,027 | $86 |
| Outlander ES 4WD | $242 | $436 | $238 | $14 | $72 | $1,027 | $86 |
| Outlander XLS 2WD | $272 | $514 | $238 | $14 | $72 | $1,135 | $95 |
| Outlander XLS 4WD | $272 | $514 | $238 | $14 | $72 | $1,135 | $95 |
| Outlander GT-S AWC 4WD | $272 | $514 | $238 | $14 | $72 | $1,135 | $95 |
| Outlander GT-S AWC 4WD | $272 | $514 | $238 | $14 | $72 | $1,135 | $95 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Outlander ES 2WD | $134 | $230 | $238 | $14 | $72 | $688 | $57 |
| Outlander SE 4WD | $134 | $230 | $238 | $14 | $72 | $688 | $57 |
| Outlander SE 4WD | $134 | $230 | $238 | $14 | $72 | $688 | $57 |
| Outlander SE 2WD | $134 | $230 | $238 | $14 | $72 | $688 | $57 |
| Outlander SE 2WD | $134 | $230 | $238 | $14 | $72 | $688 | $57 |
| Outlander ES 4WD | $134 | $230 | $238 | $14 | $72 | $688 | $57 |
| Outlander XLS 2WD | $152 | $270 | $238 | $14 | $72 | $746 | $62 |
| Outlander XLS 4WD | $152 | $270 | $238 | $14 | $72 | $746 | $62 |
| Outlander GT-S AWC 4WD | $152 | $270 | $238 | $14 | $72 | $746 | $62 |
| Outlander GT-S AWC 4WD | $152 | $270 | $238 | $14 | $72 | $746 | $62 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Information does not factor in specific location which can change premium rates considerably.
We can derive from the above data that using a $100 deductible costs about $31 more each month or $372 each year than buying the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 29 months between claims, you would probably be better off going with the higher deductible.
The chart below illustrates how your deductible choice and can impact Mitsubishi Outlander annual premium costs for each age group. The data is based on a married female driver, comp and collision included, and no policy discounts are applied.
Does full coverage make sense?
The example below compares Mitsubishi Outlander annual premium costs with full coverage and liability only. The costs are based on no violations or accidents, $250 deductibles, single status, and no additional discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no set guideline that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
For example, let’s assume your Mitsubishi Outlander settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after the deductible is paid. If you are currently paying more than $500 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some cases where buying only liability insurance is not recommended. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.
How do Insurers Determine Mitsubishi Outlander Insurance Rates?
Many factors are used when you get your auto insurance bill. Most are fairly basic such as traffic violations, but others are less apparent like where you live or how financially stable you are.
Alarm systems lowers auto insurance rates – Owning a car with a theft deterrent system can get you a discount on your auto insurance. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
What type of car, truck or SUV do you drive? – The performance level of the car you drive makes a significant difference in your rates. Lower cost passenger cars usually have the lowest rates, but there are many factors that impact the final cost.
The following data uses these variables: single male driver age 30, full coverage with $250 deductibles, and no discounts or violations. The chart compares Mitsubishi Outlander insurance rates compared to other models that have a range of risk factors.
High claims frequency drives up prices – Insurance companies in Indiana award discounts to insureds who do not rely on their insurance for small claims. If you frequently file small claims, you can look forward to much higher rates or policy non-renewal. Your insurance policy is designed for more catastrophic claims.
Don’t get traffic citations – Your driving record can have a huge impact on auto insurance premiums. Drivers with clean records get better prices than bad drivers. Getting just one speeding ticket or other violation can bump up the cost by as much as twenty percent. Drivers who have received careless citations such as DUI or reckless driving may be required to file a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.
The diagram below highlights how speeding tickets and at-fault accidents can raise Mitsubishi Outlander insurance costs for different age groups. The prices are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
Insurance premiums and driver gender – Statistics demonstrate that females take fewer risks when driving. The data does not necessarily mean that women are BETTER drivers than men. They both are responsible for accidents at a similar rate, but guys cause more damage and cost insurance companies more money. They also have more aggressive citations like DWI (DUI) or reckless driving. Youthful male drivers cause the most accidents and therefore have the most expensive auto insurance rates.
The example below illustrates the comparison of Mitsubishi Outlander car insurance costs for male and female drivers. The costs are based on no claims or driving citations, full physical damage coverage, $500 deductibles, drivers are single, and no discounts are factored in.
Rental and towing coverage may not be needed – There are quite a few add-on coverages that may not really be needed if you aren’t careful. Add-on coverages like personal injury protection, high-cost glass coverage, and Farm Bureau memberships could be just wasting money. They may seem like a good idea when talking to your agent, but if you have no use for them eliminate them to save money.
Credit history impacts premium prices – Having a bad credit score can be a huge factor in calculating your premium rate. If your credit rating is low, you may save money insuring your Mitsubishi Outlander if you improve your credit rating. People that have very good credit scores tend to be more responsible and file fewer claims than those with poor credit scores.
Pay more out-of-pocket – Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, covers your vehicle from damage. Some instances where coverage would apply would be a windshield shattered by a rock, collision with an animal, or theft. Deductibles for physical damage define how much you are required to spend in the event of a claim. The larger the amount the insured has to pay upfront, the better rate you will receive.
Mitsubishi Outlander insurance loss data – Insurance companies take into consideration historical loss data for every vehicle when they calculate premium rates for each model. Models that statistically have higher loss trends will have higher rates for specific coverages.
The next table shows the historical insurance loss data for Mitsubishi Outlander vehicles. For each policy coverage type, the claim probability for all vehicles, as an average, is set at 100. Values that are 100 or less indicate better than average losses, while numbers above 100 point to more frequent losses or statistically larger claims.
| Vehicle 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 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Don’t I need to talk to an insurance agent?
Many drivers prefer to have an agent’s advice and doing so can bring peace of mind Most agents will help you protect your assets and help you file claims. One of the best bonuses of getting free rate quotes online is the fact that drivers can get better rates but still work with a licensed agent.
By using this form (opens in new window), the quote information is sent to insurance agents in Indianapolis that give free quotes to get your business. It makes it easy because there is no need to drive around as quotes are delivered straight to your inbox. If you have a need to get a price quote from a specific insurance company, you just need to search and find their rate quote page and fill out the quote form the provide.
Picking the best insurer shouldn’t rely on just a cheap price. The questions below may impact your decision as well.
- Does the agency have a positive business rating?
- When do they do a full risk review?
- Is auto insurance their primary focus in Indianapolis?
- Will one accident increase rates?
- Does the company use OEM repair parts?
Pick the best car insurance agent in Indianapolis for you
If you are searching for a local insurance agency, you need to know there are two different agency structures to choose from. Auto insurance agencies can be described as either exclusive or independent agents depending on their company appointments. Either one can handle auto insurance, but we need to point out why they differ since it could factor into which type of agent you select.
Exclusive Agents
Agents of this type normally can only provide a single company’s rates and some examples include Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot place coverage with different providers so you might not find the best rates. These agents are highly trained on the products they sell which helps them sell insurance even at higher premiums.
Listed below is a short list of exclusive insurance agents in Indianapolis that are able to give price quotes.
Jim Grounds – State Farm Insurance Agent
4745 Statesmen Dr d – Indianapolis, IN 46250 – (317) 842-6807 – View Map
Allstate Insurance: Donald Oldham
303 N Alabama St #360 – Indianapolis, IN 46204 – (317) 687-0777 – View Map
Charlotte Adams-Jones – State Farm Insurance Agent
5034 E 56th St – Indianapolis, IN 46226 – (317) 252-5933 – View Map
Independent Agents
Agents that elect to be independent do not have single company limitations so they have the ability to put coverage through many companies depending on which coverage is best. If they find a lower price, an independent agent can move your coverage and you won’t have to switch agencies.
If you are comparing rate quotes, you should always get insurance quotes from at least one independent agent to have the best price comparison.
Below are Indianapolis independent insurance agencies that are able to give rate quotes.
A-1 Insurance Agency
2929 E 96th St Suite A. – Indianapolis, IN 46240 – (317) 844-3049 – View Map
Owens Insurance Agency
N Alabama St #350 – Indianapolis, IN 46204 – (317) 572-8080 – View Map
Dalessandro Agency Inc.
4255 Lafayette Rd – Indianapolis, IN 46254 – (317) 290-2055 – View Map
How much insurance do I need?
Keep in mind that when it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Every insured’s situation is different and your insurance should be unique as well.
Here are some questions about coverages that might point out if your insurance needs could use an agent’s help.
- Am I covered when driving in Canada or Mexico?
- Why do I have to buy liability insurance?
- Am I covered if my car is in a flood?
- Should I buy full coverage?
- Am I covered when driving a rental car?
- Is my business laptop covered if it gets stolen from my vehicle?
- How much liability coverage do I need in Indiana?
- Is my custom stereo system covered?
- Does my personal policy cover me when driving out-of-state?
- Why am I required to get a high-risk car insurance policy?
If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and may give you better protection.
More comparisons equals affordable rates
We just showed you quite a bit of information on how to get a better price on Mitsubishi Outlander insurance in Indianapolis. The key concept to understand is the more rate quotes you have, the better likelihood of getting inexpensive Indianapolis car insurance quotes. You may even find the best price on insurance is with a lesser-known regional company. Smaller companies can often provide lower rates in certain areas than their larger competitors like Progressive or GEICO.
Lower-priced Mitsubishi Outlander insurance in Indianapolis is attainable from both online companies and from local insurance agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance companies do not offer online rate quotes and many times these smaller providers work with independent agencies.
When you buy Indianapolis car insurance online, do not skimp on critical coverages to save a buck or two. In too many instances, someone dropped collision coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to find the BEST coverage at an affordable rate, but do not skimp to save money.
To read more, feel free to browse the articles below:
- Teen Driver Statistics (Insurance Information Institute)
- What Car Insurance is Cheapest for First-time Drivers in Indianapolis? (FAQ)
- How Much are Indianapolis Car Insurance Rates for a Hyundai Sonata? (FAQ)
- Who Has Cheap Indianapolis Car Insurance for Drivers Under 21? (FAQ)
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- What to do at the Scene of an Accident (Insurance Information Institute)