Do you want an efficient way to compare cheaper Mitsubishi Endeavor insurance in Baltimore? Locating the cheapest insurance for a Mitsubishi Endeavor in Maryland can turn out to be an all-consuming task, but you can learn our car insurance buying tips to find lower rates.
There are both good and bad ways to shop for car insurance so you’re going to learn the best way to price shop coverage for your Mitsubishi and get the cheapest rates either online or from Baltimore insurance agents.
Consumers should take time to shop coverage around quite often because prices change frequently. Just because you found the lowest rate on Mitsubishi Endeavor insurance in Baltimore two years ago you will most likely find a better premium rate today. There are a lot of ways to save on Endeavor insurance on the web, but by reading this article, you’re going to learn some great ideas on how to find cheap car insurance in Baltimore.
The most recommended method to compare insurance rates from multiple companies utilizes the fact car insurance companies participate in a system to give you rate quotes. The only thing you need to do is spend a couple of minutes providing details such as how your vehicles are used, your credit rating estimate, driver ages, and any included safety features. That information gets sent immediately to multiple car insurance providers and you should receive rate quotes with very little delay.
To find the cheapest car insurance rates, click here and complete the quick form.
The companies shown below are our best choices to provide quotes in Maryland. If multiple companies are listed, we recommend you visit several of them to find the most affordable auto insurance rates.
Facts and figures for Mitsubishi Endeavor insurance
The table below covers a range of insurance rates for Mitsubishi Endeavor models. Having a good grasp of how insurance prices are calculated can benefit drivers when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Endeavor LS 2WD | $350 | $632 | $406 | $24 | $122 | $1,534 | $128 |
| Endeavor LS AWD | $350 | $632 | $406 | $24 | $122 | $1,534 | $128 |
| Endeavor SE 2WD | $350 | $632 | $406 | $24 | $122 | $1,534 | $128 |
| Endeavor SE AWD | $394 | $632 | $406 | $24 | $122 | $1,578 | $132 |
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Information does not factor in vehicle location which can raise or lower premiums significantly.
Higher deductibles lower rates
When shopping for car insurance, a common question is how high should the physical damage coverage deductibles be. The premium rates below help summarize the difference in cost when you select higher and lower physical damage coverage deductibles. The first set of prices uses a $100 deductible for comp and collision and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Endeavor LS 2WD | $350 | $632 | $406 | $24 | $122 | $1,559 | $130 |
| Endeavor LS AWD | $350 | $632 | $406 | $24 | $122 | $1,559 | $130 |
| Endeavor SE 2WD | $350 | $632 | $406 | $24 | $122 | $1,559 | $130 |
| Endeavor SE AWD | $394 | $632 | $406 | $24 | $122 | $1,603 | $134 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Endeavor LS 2WD | $256 | $426 | $406 | $24 | $122 | $1,234 | $103 |
| Endeavor LS AWD | $256 | $426 | $406 | $24 | $122 | $1,234 | $103 |
| Endeavor SE 2WD | $256 | $426 | $406 | $24 | $122 | $1,234 | $103 |
| Endeavor SE AWD | $288 | $426 | $406 | $24 | $122 | $1,266 | $106 |
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Premium amounts do not factor in garaging location in Baltimore which can impact coverage prices substantially.
Based on this data, we can arrive at the conclusion that using a $100 deductible could cost the average driver approximately $27 more each month or $324 every year across all Mitsubishi Endeavor models than selecting the higher $500 deductible. Since you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you have more than 15 months between claims, you would probably come out ahead by going with a higher deductible.
How much more does full coverage cost in Baltimore?
The chart below visualizes the comparison of Mitsubishi Endeavor annual premium costs with liability coverage only compared to full coverage. The rates are based on no driving violations, no at-fault accidents, $250 deductibles, marital status is single, and no policy discounts are applied.
When to drop comp and collision
There is no definitive guideline to stop paying for full coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Mitsubishi Endeavor replacement cost is $5,000 and you have $1,000 physical damage 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 it’s costing in excess of $400 annually for full coverage, then it might be time to consider dropping full coverage.
There are some cases where dropping full coverage is not a good plan. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not opt for liability only.
Protect your Endeavor and other assets
Even though Baltimore Endeavor insurance rates can get expensive, insuring your vehicle serves a purpose in several ways.
First, just about all states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance if you don’t want to risk a ticket. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if you have a loan on your vehicle, most banks will require that you have insurance to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank may buy a policy for your Mitsubishi at a significantly higher premium and force you to pay much more than you were paying before.
Third, insurance protects both your Mitsubishi Endeavor and your personal assets. It will also pay for all forms of medical expenses that are the result of an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense in the event you are sued. If your Mitsubishi gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.
The benefits of carrying adequate insurance more than offset the price you pay, especially for larger claims. But the average American driver is wasting up to $855 a year so compare rate quotes once a year at a minimum to be sure current rates are still competitive.
What Determines Mitsubishi Endeavor Insurance Rates?
Lots of factors are used in the calculation when pricing auto insurance. Most are fairly basic such as traffic violations, but some are more obscure like your continuous coverage and annual miles driven.
Fast cars cost more to insure – The performance level of the car or truck you are buying insurance for makes a big difference in your car insurance bill. Low performance passenger cars usually have the lowest premiums, but many other things help determine your insurance rates.
The data below assumes a single male driver age 40, full coverage with $250 deductibles, and no discounts or violations. The chart compares Mitsubishi Endeavor insurance rates compared to other models that have different performances.
Do you work long hours in a high stress vocation? – Did you know your car insurance rates can be affected by your occupation? Careers like military generals, business owners, and stock brokers tend to pay higher rates than average attributed to intense work situations and incredibly demanding work hours. On the flip side, careers such as professors, athletes and homemakers pay the least.
City dwellers may pay more – Being located in small towns and rural areas can save you money when talking about car insurance. Less people means a lower chance of having an accident in addition to lower liability claims. City drivers regularly have more auto accidents and higher rates of accident claims. Spending more time driving means a statistically higher chance of an accident.
Gender as a rate factor – Over the last 30 years, statistics show that women are safer drivers than men. Now that doesn’t mean women are better drivers. Both genders are responsible for at-fault accidents at about the same rate, but males have costlier accidents. In addition to higher claims, males also receive more costly citations like DWI (DUI) or reckless driving. Males from age 16 to 21 have the highest risk to insure so they pay the highest premiums.
The illustration below visualizes the comparison of Mitsubishi Endeavor yearly insurance costs for male and female drivers. The rates are based on no tickets, no at-fault accidents, full coverage, $100 deductibles, drivers are single, and no discounts are factored in.
High deductibles lower prices – Deductibles for physical damage define the amount you are willing to pay in the event of a claim. Insurance for physical damage, also called ‘full coverage’, insures against damage to your car. Some coverage claims would be collision with another vehicle, damage caused by hail, and having a roll-over accident. The more you’re willing to pay, the less money you will pay for car insurance.
One last thing to lower rates
We just presented a lot of techniques to get a better price on Mitsubishi Endeavor insurance in Baltimore. It’s most important to understand that the more you quote Baltimore auto insurance, the better likelihood of getting low cost Baltimore auto insurance quotes. You may even find the lowest premium rates are with a lesser-known regional company.
Drivers leave their current company for any number of reasons including lack of trust in their agent, poor customer service, not issuing a premium refund or questionable increases in premium. No matter why you want to switch, choosing a new company can be less work than you think.
As you prepare to switch companies, never skimp on coverage in order to save money. There have been many situations where consumers will sacrifice collision coverage and learned later they didn’t purchase enough coverage. Your aim should be to find the BEST coverage at the best cost, but do not sacrifice coverage to save money.
Steps to buying lower priced Mitsubishi Endeavor insurance in Baltimore
Really, the only way to find cheaper prices for auto insurance rates in Baltimore is to start doing an annual price comparison from companies who provide auto insurance in Maryland. Prices can be compared by completing these steps.
- First, read and learn about what is in your policy and the things you can change to keep rates down. Many policy risk factors that result in higher rates such as traffic citations, accidents, and a bad credit score can be eliminated by making lifestyle changes or driving safer.
- Second, get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO or Allstate, while independent agents can provide rate quotes from multiple sources. Compare rates now
- Third, compare the new rate quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate, make sure there is no coverage gap between policies.
One important bit of advice is to use identical coverage information on each quote request and and to get rate quotes from as many auto insurance providers as possible. This enables the most accurate price comparison and the best price quote selection.
More information is available at these links:
- Senior Drivers (Insurance Information Institute)
- How Much is Baltimore Car Insurance for Drivers with Good Credit? (FAQ)
- Who Has the Cheapest Baltimore Car Insurance for a Toyota RAV4? (FAQ)
- How Much are Baltimore Auto Insurance Rates for a Jeep Grand Cherokee? (FAQ)
- Who Has Cheap Car Insurance Rates for a Hyundai Elantra in Baltimore? (FAQ)
- Credit and Insurance Scores (Insurance Information Institute)
- Bodily Injury Coverage (Liberty Mutual)