How Much Does 2008 Mitsubishi Lancer Insurance Cost?

Shoppers have options when shopping for low-cost Mitsubishi Lancer insurance. You can either spend your time contacting agents trying to get quotes or leverage the internet to get rate quotes. There are both good and bad ways to shop for insurance coverage and we’ll show you the quickest way to get price quotes for a Mitsubishi and get the lowest possible price either online or from local insurance agents.

Auto insurance quotes comparison

All major auto insurance companies make it easy to get price estimates from their websites. Comparing rates online doesn’t take a lot of time as you simply enter the coverage amounts you desire as requested by the quote form. When complete, the quote system gets credit information and your driving record and quotes a price based on the data you entered.

Quoting online simplifies rate comparisons, but the time required to go to many different websites and type in your information can get tiresome after awhile. But it’s absolutely necessary to have as many quotes as possible if you are searching for better auto insurance pricing.

A less time-consuming method to compare auto insurance pricing uses one simple form to return rates from more than one company. The form is fast, helps eliminate reptitive entry, and makes quoting online a little more enjoyable. Immediately after submitting the form, it is rated and you can select your choice of the quotes returned. If you find a better price it’s easy to complete the application and purchase the new policy. It takes 15 minutes at the most and you’ll know if lower rates are available.

To save time and compare pricing, simply click here to open in new window and fill out the form. To compare your current rates, we recommend you type in the coverages just like they are on your policy. Doing this assures you will be getting a rate comparison based on similar coverages.

Insurance Discounts

Insurance is easily one of your largest bills, but discounts can save money and there are some available to help bring down the price. Certain reductions will be credited when you get a quote, but some may not be applied and must be asked about prior to getting the savings.

  • No Claims – Drivers who stay claim-free pay less in comparison to accident-prone drivers.
  • Membership in Organizations – Being a member of certain professional organizations can get you a small discount on your policy.
  • Anti-lock Brake Discount – Vehicles with ABS braking systems or traction control can avoid accidents and therefore earn up to a 10% discount.
  • Lower Rates for Military – Being deployed with a military unit could qualify you for better rates.
  • 55 and Retired – Drivers over the age of 55 could receive reduced rates for Lancer insurance.
  • Theft Prevention Discount – Anti-theft and alarm system equipped vehicles help deter theft and that can save you a little bit as well.
  • Safety Restraint Discount – Requiring all passengers to use their safety belts could save 15% off the PIP or medical payment premium.
  • Policy Bundle Discount – If you insure your home and vehicles and place coverage with the same company you will save 10% to 20% off each policy.
  • Good Students Pay Less – A discount for being a good student can get you a discount of up to 25%. Many companies even apply the discount to college students until age 25.

Discounts reduce rates, but you should keep in mind that most discounts do not apply to the entire policy premium. Some only apply to individual premiums such as collision or personal injury protection. If you do the math and it seems like you could get a free insurance policy, you aren’t that lucky.

To view companies that offer multiple discounts, click here.

Lower your insurance premiums

Many different elements are used in the calculation when pricing auto insurance. Some factors are common sense like an MVR report, although some other factors are less obvious such as your credit history or how financially stable you are.A large part of saving on insurance is knowing some of the elements that come into play when calculating your policy premiums. When you know what positively or negatively influences your rates, this helps enable you to make changes that could help you find cheaper rates.

  • Rates may be higher where you live – Choosing to live in less populated areas can be a good thing when buying insurance. Less people living in that area means a lower chance of having an accident in addition to fewer liability claims. City drivers have more road rage incidents and longer commutes to work. More time commuting means more chance of being in an accident.
  • Extra policy coverages that may not be needed – Insurance policies have a lot of optional add-on coverages that can add up on your insurance policy. Coverages for rental car reimbursement, death and dismemberment, and membership fees are probably not needed. They may sound like good ideas when discussing your needs, but if they’re wasting money eliminate them to save money.
  • Bundling policies can get discounts – Lots of companies provide discounts to customers who have multiple policies with them such as combining an auto and homeowners policy. The discount can add up to anywhere from five to ten percent in most cases. Even if you qualify for this discount already, drivers will still want to get quotes from other companies to help ensure you have the lowest rates. You may still find better rates by buying insurance from more than one company.
  • Single vs. married – Walking down the aisle may earn you lower rates on your insurance bill. Having a spouse translates into being more mature than a single person and statistics prove married drivers get in fewer accidents.
  • Save by driving safer vehicles – Cars with high safety ratings tend to have lower insurance rates. Vehicles built for safety reduce occupant injuries and reduced instances of injuries translates into fewer and smaller insurance claims and thus lower rates. If your Mitsubishi Lancer scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.

Tailor your insurance coverage to you

When buying adequate coverage, there really is not a perfect coverage plan. Everyone’s situation is unique.

For instance, these questions might point out if your situation may require specific advice.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Should I buy full coverage?
  • Where can I find DUI or SR-22 insurance?
  • How can I get my company to pay me more for my totalled car?
  • Do I need added coverage for expensive stereo equipment?
  • I don’t drive much so do I pay less?
  • Is my teen driver covered when they drive my company car?
  • Does coverage extend to a rental car in a foreign country?
  • Does my 2008 Mitsubishi Lancer need full coverage?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Insurance buyers beware

Drivers get pounded daily by advertisements for insurance savings by companies like Progressive, Geico, Allstate and State Farm. All the ads try to convey promises that drivers will save a bundle just by switching your policy.

How does every company give you a better price? Just pay attention to how they say it.

Most companies quote the lowest rates for the type of driver that is profitable for them. One example of a profitable insured might be described as between the ages of 40 and 55, carries high limits, and drives less than 10,000 miles a year. Any driver who matches that profile receives the best rates and is almost guaranteed to save a lot if they switch.

Potential insureds who do not match these standards may receive higher premiums which translates to the driver buying from a lower-cost company. The trick is to say “customers that switch” not “everyone that quotes” save the amount stated. That is how insurance companies can confidently lure you into getting a quote. This emphasizes why you should do a price quote comparison at every renewal. Because without a comparison, you cannot know with any certainty which company will have the lowest rate quotes.

Auto insurance coverages 101

Learning about specific coverages of your auto insurance policy aids in choosing the best coverages for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement.

Auto liability

Liability insurance protects you from damage or injury you incur to other people or property in an accident. It protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things like bail bonds, pain and suffering and attorney fees. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Coverage for medical expenses

Coverage for medical payments and/or PIP pay for expenses like prosthetic devices, EMT expenses, doctor visits, dental work and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive auto insurance

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as theft, vandalism, damage from flooding and hitting a deer. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision coverage

This coverage pays for damage to your Lancer caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things like crashing into a ditch, hitting a mailbox and colliding with a tree. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

The best insurance company isn’t always the cheapest

Some companies may not offer internet price quotes and these regional carriers only sell through independent insurance agencies. Budget-conscious 2008 Mitsubishi Lancer insurance can be purchased online in addition to many insurance agents, so you should be comparing quotes from both so you have a total pricing picture.

People leave their current company for any number of reasons including policy cancellation, poor customer service, high prices or denial of a claim. It doesn’t matter why you want to switch finding the right insurance coverage provider can be less work than you think.

Throughout this article, we presented a lot of tips how to compare 2008 Mitsubishi Lancer insurance prices online. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your rates. You may even discover the biggest savings come from a smaller regional carrier.

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