2012 Mitsubishi Eclipse Spyder Car Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 3, 2024

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Having to pay for overpriced insurance coverage can empty your funds and force you to tighten up your finances.

Consumers have so many auto insurance companies to purchase coverage from, and even though it’s nice to have a choice, it can be more challenging to find the best rates.

Consumers need to compare rates before your next renewal because rates are constantly changing. Despite the fact that you may have had the lowest rate for Eclipse Spyder coverage a few years ago you may be paying too much now. You’ll find quite a bit of inaccurate information about insurance coverage online, but by reading this article, you’re going to learn a lot of great tips on how to stop overpaying for insurance.

This information will help educate you on how to effectively get price quotes. If you currently have car insurance, you will be able to cut costs considerably using these tips. Nevertheless, vehicle owners need to learn the way insurance companies sell insurance online and take advantage of how the system works.

Discounts to earn cheaper auto insurance rates

Auto insurance is easily one of your largest bills, but there are discounts available that you may not even be aware of. Certain discounts will be applied at quote time, but lesser-known reductions have to be asked about prior to getting the savings. If you’re not getting every credit available, you’re just leaving money on the table.

  • Theft Deterrent Discount – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and that can save you a little bit as well.
  • Discount for Good Grades – Excelling in school can be rewarded with saving of up to 25%. You can use this discount normally up until you turn 25.
  • Savings for New Vehicles – Insuring a vehicle that is new can get you a discount because newer models keep occupants safer.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles have fewer accidents and the ABS can save up to 10%.
  • Organization Discounts – Affiliation with a civic or occupational organization can get you a small discount when shopping for auto insurance.
  • Senior Discount – If you qualify as a senior citizen, you can get a small decrease in premiums for Eclipse Spyder coverage.
  • Student in College – Any of your kids living away from home attending college and won’t have access to an insured vehicle may qualify for this discount.
  • Save with More Vehicles Insured – Buying insurance for primary and secondary vehicles on a single policy can get a discount on all vehicles.
  • Discounts for Federal Employees – Being employed by or retired from a federal job could qualify for a slight premium decrease for Eclipse Spyder coverage with select insurance companies.

As a sidenote, most discounts do not apply to the entire cost. Most only apply to specific coverage prices like liability, collision or medical payments. Despite the appearance that you could get a free auto insurance policy, companies wouldn’t make money that way.

A few popular companies and a partial list of their discounts are detailed below.

  • Progressive includes discounts for homeowner, multi-vehicle, continuous coverage, multi-policy, and online signing.
  • MetLife has discounts for defensive driver, claim-free, good driver, multi-policy, accident-free, and good student.
  • Mercury Insurance may have discounts that include professional/association, anti-theft, multi-policy, age of vehicle, annual mileage, and type of vehicle.
  • Nationwide offers premium reductions for defensive driving, business or organization, Farm Bureau membership, accident-free, good student, and anti-theft.
  • GEICO offers discounts including air bags, five-year accident-free, anti-lock brakes, multi-vehicle, membership and employees, multi-policy, and anti-theft.
  • AAA may include discounts for multi-car, pay-in-full, anti-theft, education and occupation, and good student.

Before buying, ask each company to apply every possible discount. Depending on the company, some discounts may not apply to policyholders everywhere. If you would like to see a list of insurers who offer online auto insurance quotes, enter your zip code here.

Choices you make can impact your insurance premiums

One of the most helpful ways to save on insurance is to to have a grasp of the different types of things that play a part in calculating insurance rates. When consumers understand what controls the rates you pay, this allows you to make good choices that may reward you with big savings. Many different elements are used in the calculation when pricing auto insurance. Some of the criteria are obvious such as your driving record, but some are more obscure such as your credit history or how financially stable you are.

The itemized list below are some of the items that factor into premiums.

  • Avoid traffic tickets – Good drivers pay lower auto insurance prices as compared to those with violations. Just one moving violation can boost insurance rates substantially. People who have serious violations like reckless driving or DUI may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to legally drive a vehicle.
  • Insurance policy lapses increase prices – Driving without insurance coverage in place can get your license suspended and you will pay a penalty because you let your insurance lapse for non-payment. Not only will you pay more, failure to provide proof of insurance could result in fines and jail time.
  • Prevent theft and reduce premiums – Owning a car that has a built-in theft deterrent system can help lower your rates. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent your vehicle from being stolen.
  • Being married pays dividends – Being married helps lower the price compared to being single. Marriage demonstrates that you tend to be more stable financially and insurance companies reward insureds because drivers who are married are more cautious.
  • Discounts for multiple policies – Lots of insurers allow a discount to policyholders who carry more than one policy, otherwise known as a multi-policy discount. This can amount to 10 percent or more. If you currently are using one company, it’s still a good idea to comparison shop to help guarantee you have the best rates. There is a good possibility that you can save money by splitting coverages up.

Tailor your car insurance coverage to you

When buying coverage, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions could help you determine if you would benefit from an agent’s advice.

  • Am I covered if I hit a deer?
  • Are all vehicle passengers covered by medical payments coverage?
  • Exactly who is provided coverage by my policy?
  • Am I covered when driving on a suspended license?
  • Is my ex-spouse still covered by my policy?
  • Am I covered when using my vehicle for business?
  • When can I cancel my policy?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete your zip code.

Auto insurance 101

Understanding the coverages of auto insurance helps when choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages available from auto insurance companies.

Medical payments coverage and PIP – Med pay and PIP coverage kick in for short-term medical expenses such as rehabilitation expenses, hospital visits and surgery. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover you and your occupants as well as getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverage – This pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like falling objects, damage from flooding, hitting a bird, hitting a deer and hail damage. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage – This gives you protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2012 Mitsubishi Eclipse Spyder.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Liability – This protects you from damage or injury you incur to people or other property in an accident. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as emergency aid, court costs, structural damage, bail bonds and medical expenses. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

Collision coverage – Collision insurance pays to fix your vehicle from damage from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like hitting a parking meter, sustaining damage from a pot hole, sideswiping another vehicle, scraping a guard rail and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Take this to the bank

Budget-friendly auto insurance can be bought on the web in addition to local insurance agencies, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers do not offer rates over the internet and many times these small, regional companies only sell coverage through independent agencies.

As you shop your coverage around, don’t be tempted to sacrifice coverage to reduce premiums. There have been many situations where an accident victim reduced uninsured motorist or liability limits and found out when filing a claim they didn’t purchase enough coverage. Your goal is to buy the best coverage you can find for the lowest price while not skimping on critical coverages.

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