2011 Mitsubishi Lancer Insurance Quotes – 9 Tips for Best Rates

Trying to find lower car insurance rates for your Mitsubishi Lancer? Are you regretting buying overpriced car insurance? You’re in good company because there are many drivers thinking the same thing.

Many insurance companies vie to insure your vehicles, and it can be difficult to compare rates and get the best coverage at the lowest rate

It is always a good idea to do rate comparisons yearly because rates tend to go up over time. Even if you think you had the best rate on Lancer coverage two years ago you may be paying too much now. Forget anything you know (or think you know) about car insurance because I’m going to teach you the right way to save on car insurance.

If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using these techniques. Finding the best rates is not rocket science. Although consumers must understand the way companies market insurance on the web because it can help you find the best coverage.

Are you getting every discount?

Companies don’t always advertise all their discounts in an easy-to-find place, so the list below details a few of the more common and also the lesser-known discounts that may be available.

  • Discount for Passive Restraints – Options like air bags or automatic seat belts can receive discounts of 20% or more.
  • Home Ownership Discount – Simply owning a home can save you money since home ownership is proof of financial responsibility.
  • One Accident Forgiven – Not necessarily a discount, but a handful of insurance companies permit an accident before they charge you more for coverage if you have no claims for a certain period of time.
  • Telematics Data – Insureds that choose to allow driving data collection to analyze where and when they drive by using a telematics device like Drivewise from Allstate or In-Drive from State Farm may get a rate reduction if they are good drivers.
  • Good Grades Discount – Excelling in school can be rewarded with saving of up to 25%. Most companies allow this discount up to age 25.
  • Discount for Multiple Policies – When you combine your home and auto insurance and insure them both with the same insurance company you could earn a discount of nearly 15% which can help you find inexpensive insurance coverage.
  • Anti-lock Brakes – Cars with ABS and/or traction control can stop better under adverse conditions so you can save 10 percent or more.
  • Senior Citizen Discount – Older drivers are able to get a slight reduction on a insurance coverage quote on Lancer coverage.
  • Multi-Vehicle Discounts – Insuring multiple vehicles with the same company can reduce the rates for all insured vehicles.

You should keep in mind that some of the credits will not apply to your bottom line cost. Some only reduce individual premiums such as liability and collision coverage. So even though you would think all those discounts means the company will pay you, you won’t be that lucky.

Large car insurance companies and a partial list of their discounts are outlined below.

  • Progressive offers premium reductions for online quote discount, homeowner, multi-vehicle, multi-policy, continuous coverage, and good student.
  • MetLife offers discounts including good student, claim-free, multi-policy, good driver, accident-free, and defensive driver.
  • Mercury Insurance may have discounts that include ease of repair, good driver, age of vehicle, low natural disaster claims, good student, location of vehicle, and annual mileage.
  • Nationwide has discounts for Farm Bureau membership, business or organization, family plan, defensive driving, easy pay, good student, and accident-free.
  • Geico includes discounts for military active duty, multi-policy, air bags, driver training, and good student.
  • AAA has savings for good driver, multi-policy, education and occupation, anti-theft, and multi-car.

Before you buy a policy, ask every company what discounts are available to you. Some discounts might not be available to policyholders in your area.

When in doubt talk to an agent

When buying the best insurance coverage coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that might help in determining if your situation could use an agent’s help.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Do I need roadside assistance coverage?
  • Do I need special endorsements for business use of my vehicle?
  • What is the difference between comprehensive and collision coverage?
  • Why am I required to buy liability insurance?
  • Am I missing any policy discounts?

If you can’t answer these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

Specific coverages for a Mitsubishi Lancer

Learning about specific coverages of your policy can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages found on the average car insurance policy.

Coverage for uninsured or underinsured drivers

This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Mitsubishi Lancer.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these limits do not exceed the liability coverage limits.

Comprehensive car insurance

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as falling objects, vandalism and a broken windshield. The maximum payout your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability

This coverage protects you from damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for claims such as legal defense fees, funeral expenses, loss of income and attorney fees. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision coverage protection

Collision insurance will pay to fix damage to your Lancer from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as backing into a parked car, colliding with another moving vehicle and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also raise the deductible to bring the cost down.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like prosthetic devices, X-ray expenses, dental work and funeral costs. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. They cover you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

A fool and his money are soon parted

Some car insurance companies may not provide online rate quotes and usually these small insurance companies work with local independent agencies. Affordable 2011 Mitsubishi Lancer insurance is possible both online in addition to many insurance agents, and you should compare price quotes from both to have the best rate selection.

When getting insurance coverage quotes online, it’s very important that you do not sacrifice coverage to reduce premiums. In too many instances, drivers have reduced uninsured motorist or liability limits and learned later that the few dollars in savings costed them thousands. The aim is to get the best coverage possible at the best price and still be able to protect your assets.

You just learned a lot of ways to compare 2011 Mitsubishi Lancer insurance rates online. The key thing to remember is the more quotes you get, the better likelihood of getting inexpensive insurance coverage. Drivers may discover the biggest savings come from a lesser-known regional company. These smaller insurers often have lower auto insurance rates on specific markets than the large multi-state companies such as Allstate or State Farm.

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