Lower Your 2014 Mitsubishi Lancer Car Insurance Rates

Did you make the mistake of buying an expensive car insurance policy? Say no more because you’re not the only one. You have so many insurance companies to pick from, and even though it’s nice to have a selection, it can be more challenging to compare rates and cut insurance costs.

You should make it a habit to compare rates periodically because insurance prices tend to go up over time. If you had the best rate for Lancer insurance a year ago there may be better deals available now. There are a lot of ways to save on car insurance online but we’re going to give you some great ways to reduce your car insurance bill.

The purpose of this post is to familiarize you with how to get online quotes and some money-saving tips. If you are paying for car insurance now, you should be able to save some money using these techniques. Vehicle owners just need to know the proper methods to shop their coverage around online.

You may qualify for discounts

Auto insurance is expensive, but there are discounts available that can dramatically reduce your bill. A few discounts will automatically apply when you get a quote, but once in a while a discount must be inquired about prior to getting the savings.

  • Discounts for Good Drivers – Accident-free drivers can pay as much as 50% less for Lancer insurance than less cautious drivers.
  • Government Employee Discount – Being employed by or retired from a federal job could qualify for a slight premium decrease for Lancer insurance with certain companies.
  • No Charge for an Accident – but a few companies such as State Farm and Geico will let one accident slide before your rates go up with the catch being you have to be claim-free prior to being involved in the accident.
  • Own a Home and Save – Owning a home can help you save on auto insurance because of the fact that having a home requires personal responsibility.
  • Defensive Driving Course – Passing a class that teaches defensive driver techniques could save 5% or more depending on where you live.

A little note about advertised discounts, most discount credits are not given to your bottom line cost. Some only reduce the cost of specific coverages such as comp or med pay. So even though it sounds like you could get a free auto insurance policy, that’s just not realistic.

Some of the insurance companies that may have most of these discounts include:

Before buying, ask all companies you are considering which discounts they offer. Some of the discounts discussed earlier may not be available in every state. To choose auto insurance companies with the best discounts, follow this link.

The fastest way that we advise to compare policy rates is to realize most of the larger companies pay for the opportunity to quote your coverage. To start a quote, the only thing you need to do is give them rating details such as if a SR-22 is needed, distance driven, types of safety features, and if you lease or own. Your details is then submitted to many different companies and they return quotes instantly to find the best rate.

To compare rates now, click here and enter your zip code.

Four tips to get cheaper insurance prices

Smart consumers have a good feel for some of the things that are used to determine the price you pay for auto insurance. When you know what positively or negatively influences your rates, this allows you to make good choices that could help you find big savings.

  • Deter theft and lower rates – Selecting a car model that has an advanced theft prevention system can help lower your rates. Advanced theft deterrents such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping your car from being stolen.
  • Save money by eliminating add-on coverages – There are many optional add-on coverages that can waste your money but may not be useful. Coverages like roadside assistance, accidental death, and Farm Bureau memberships are probably not needed. They may seem like a good idea when talking to your agent, but if they’re wasting money eliminate them to save money.
  • See if your company offers a multi-policy discount – Many companies provide discounts to insureds that purchase more than one policy, otherwise known as a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. Even if you already get this discount, you still need to compare other company rates to guarantee you are still saving the most.There is a good possibility that you can save money by buying auto insurance from a different company.
  • High auto insurance claims frequency drives up rates – If you frequently file small claims, don’t be surprised to see higher premiums or even policy non-renewal. Companies provide cheaper rates to policyholders who are claim-free. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.

There’s no such thing as the perfect car insurance policy

When buying the right insurance coverage, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions might help in determining whether you will benefit from professional help.

  • Why am I required to buy liability insurance?
  • What is roadside assistance coverage?
  • Am I getting all the discounts available?
  • Where can I find DUI or SR-22 insurance?
  • Should I buy more coverage than the required minimum liability coverage?
  • Does my insurance cover my expensive audio equipment?
  • Am I covered when driving on a suspended license?
  • Is business property covered if stolen from my car?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Insurance coverage ads bend the truth

Consumers get pounded daily by advertisements for the lowest price insurance coverage from the likes of Progressive, Allstate and Geico. All the companies make an identical promise about saving some big amount if you just switch your coverage to them.

How can each company lower your premium rates? Here is how they do it.

Insurance coverage companies have specific guidelines for the type of driver that earns them a profit. For instance, a profitable risk profile may be over the age of 35, has had continuous coverage, and drives a vehicle with a low ISO rating. Any new insured who matches that profile is entitled to the best price and will also save a lot of money.

Insureds who don’t meet these stringent criteria will have to pay a higher premium and this results in the customer not buying. The trick companies use is to say “customers that switch” not “everyone who quotes” save that much. That’s the way insurance companies can confidently make claims that they all have the best premium rates.

This illustrates why it’s extremely important to compare as many free insurance quotes as you can. Because without a comparison, you cannot know which company will provide you with the cheapest car insurance rates.

Auto insurance coverage information

Learning about specific coverages of a car insurance policy helps when choosing the best coverages for your vehicles. Policy terminology can be confusing and coverage can change by endorsement. Shown next are typical coverage types offered by car insurance companies.

Comprehensive coverages

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from a tornado or hurricane, vandalism, theft and a tree branch falling on your vehicle. The maximum payout your car insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for dental work, funeral costs, hospital visits and surgery. They are used in conjunction with a health insurance program or if there is no health insurance coverage. They cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto collision coverage

This coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a parking meter, driving through your garage door, hitting a mailbox, sustaining damage from a pot hole and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to save money on collision insurance.

Liability coverages

Liability insurance can cover damage that occurs to people or other property in an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Occasionally you may see one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability can pay for things like repair costs for stationary objects, court costs, structural damage, pain and suffering and bail bonds. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Uninsured and underinsured coverage

This coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

A penny saved is a penny earned

Budget-friendly insurance coverage can be found on the web and with local insurance agents, so you need to quote insurance with both so you have a total pricing picture. Some companies may not have rate quotes online and many times these regional carriers prefer to sell through independent agents.

Throughout this article, we presented many ways to compare 2014 Mitsubishi Lancer insurance car insurance rates online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding cheap insurance. Drivers may discover the most savings is with a smaller regional carrier. They may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate, Geico and Progressive.

To learn more, feel free to browse the resources below: