2016 Mitsubishi Lancer Car Insurance Rates

Scraping up a payment for expensive Mitsubishi Lancer insurance can eat up your checking account, especially in this economy. Comparing cost estimates can be a smart way to make sure you’re not throwing money away.

Big-name insurance companies like State Farm, Geico and Farmers Insurance continually hit you with TV and radio ads and it is difficult to ignore the propoganda and do the work needed to find the best deal.

It’s a good habit to do rate comparisons on a regular basis because insurance rates are rarely the same from one policy term to another. Just because you had the lowest premium rates for Lancer coverage on your last policy other companies may now be cheaper. You’ll find quite a bit of inaccurate information about insurance online but you can learn some guaranteed methods to put money back in your pocket.

Discounts can really help lower rates

Properly insuring your vehicles can get expensive, but there are discounts available that many people don’t even know exist. Most are applied at quote time, but some need to be specifically requested prior to receiving the credit.

  • Safety Course Discount – Participating in a driver safety course could possibly earn you a 5% discount if your company offers it.
  • Federal Government Employee – Active or retired federal employment can earn a discount up to 10% for Lancer coverage with certain companies.
  • Onboard Data Collection – Policyholders that allow their insurance company to study when and where they use their vehicle by using a small device installed in their vehicle such as Snapshot from Progressive or Drivewise from Allstate might see lower rates as long as the data is positive.
  • Bundled Policy Discount – If you combine your homeowners and auto policies with one insurance company you will save approximately 10% to 15%.
  • Student in College – Older children who attend college more than 100 miles from home without a vehicle on campus can be insured at a reduced rate.
  • Life Insurance Discount – Select insurance companies reward you with better premium rates if you take out life insurance.
  • Active Military Service – Being deployed in the military can result in better rates.
  • Theft Deterent Discount – Vehicles with anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Braking Control Discount – Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.

While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Just because you may think all the discounts add up to a free policy, you won’t be that lucky.

Companies and some of the discounts are shown below.

  • Progressive may include discounts for online quote discount, online signing, multi-vehicle, continuous coverage, good student, and multi-policy.
  • MetLife may offer discounts for defensive driver, accident-free, good driver, good student, claim-free, multi-policy
  • Mercury Insurance offers discounts including annual mileage, low natural disaster claims, professional/association, good student, ease of repair, good driver, and age of vehicle.
  • Nationwide may have discounts that include easy pay, multi-policy, defensive driving, good student, accident-free, anti-theft, and business or organization.
  • Geico offers premium reductions for five-year accident-free, driver training, membership and employees, federal employee, good student, and anti-lock brakes.
  • AAA offers discounts for good driver, good student, multi-car, pay-in-full, education and occupation, multi-policy, and anti-theft.

Double check with every prospective company how you can save money. Discounts might not be available to policyholders in your area. For a list of providers with discount rates, click here to view.

How much is car insurance?

There are a lot of ways to compare car insurance quotes, and some are more efficient than others. You can waste hours driving to insurance companies in your area, or you can utilize the web to maximize your effort.

The majority of car insurance companies belong to an insurance system where insurance shoppers complete one form, and each company then gives them pricing based on the submitted data. This saves time by eliminating quotation requests for every car insurance company.

To enter your information into the quoting system, click here to start a free quote.

The only downside to getting quotes like this is that consumers can’t choose the companies to get pricing from. If you wish to select specific providers to compare rates, we have a page of car insurance companies in your area. Click to view list.

However you get your quotes, be sure you’re using apples-to-apples deductibles and coverage limits on every quote you get. If each company quotes different data it will be very difficult to find the best deal for your Mitsubishi Lancer.

Choices you make can impact your insurance prices

Lots of factors are part of the calculation when premium rates are determined. Most are fairly basic such as traffic violations, but some are not as apparent like your continuous coverage or how financially stable you are.

Listed below are most of the major factors used by your company to calculate rates.

  • Rural areas have lower costs – Living in a small town is a good thing when trying to find low car insurance rates. Urban drivers regularly have more traffic problems and longer commutes to work. Fewer drivers translates into fewer accidents and lower theft and vandalism rates.
  • Allowing your coverage to lapse raises premiums – Not having insurance is illegal and your next policy will cost more because you let your insurance lapse. Not only will rates go up, getting caught without coverage could result in a fine, jail time, or a revoked license.
  • Remove unneeded add-on coverages – Insurance companies have many additional coverages that can add up if you aren’t diligent. Insurance for coverage for rental cars, high-cost glass coverage, and extra equipment coverage may be costing you every month. These coverages may sound good initially, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.
  • Where do you drive? – The more you drive in a year the higher the price you pay to insure it. Most companies charge to insure your cars based upon how the vehicle is primarily used. Cars that sit idle most of the time can be on a lower rate level compared to those used for work or business. Make sure your insurance coverage coverage states the correct driver usage. Improper usage on your Lancer is throwing money out the window.

Will just any policy work for me?

When it comes to choosing the right insurance coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s situation is unique so your insurance should reflect that These are some specific questions might point out if your situation might need professional guidance.

  • Does my policy pay for OEM or aftermarket parts?
  • Do I pay less for low miles?
  • When should I buy a commercial auto policy?
  • I have health insurance so do I need medical payments coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Does insurance cover damages from a DUI accident?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Should I bundle my homeowners policy with my auto?
  • Is motorclub coverage worth it?
  • Why am I required to buy high-risk coverage?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

Don’t believe everything you hear

Consumers can’t avoid all the ads that claim the cheapest rates from companies such as Allstate and Progressive. All the companies make the point about how much you will save if you get a free auto insurance quote and switch to them.

How does each company charge less that you’re paying now?

All the different companies require specific criteria for the type of insured that will most likely be profitable. One example of this type of insured may be a married female, has other policies, and insures a new vehicle. Any new insured that hits that “sweet spot” is entitled to the best price and will probably save a lot of money.

Drivers who don’t meet the “perfect” profile will be charged a more expensive rate and this can result in the prospect going elsewhere. The trick is to say “drivers that switch” but not “everyone who gets a quote” save that much when switching. That’s why insurance companies can make it sound like they have such great car insurance rates. This really illustrates why it is so important to compare price quotes frequently. It’s just too difficult to predict the company that will have better rates than you’re paying now.

Specific coverage details

Knowing the specifics of car insurance can be of help when determining appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average car insurance policy.

Uninsured/Underinsured Motorist coverage – This provides protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for immediate expenses like X-ray expenses, EMT expenses, prosthetic devices, dental work and doctor visits. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like damaging your car on a curb, scraping a guard rail, colliding with a tree and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible in order to get cheaper collision rates.

Comprehensive coverage – This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like a tree branch falling on your vehicle, theft, a broken windshield and damage from getting keyed. The highest amount 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.

Liability coverage – This coverage protects you from damage or injury you incur to other people or property. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability insurance covers things such as pain and suffering, medical services and emergency aid. How much liability should you purchase? That is a personal decision, but consider buying as high a limit as you can afford.

More choices the merrier

As you prepare to switch companies, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many cases, someone sacrificed comprehensive coverage or liability limits only to regret at claim time that it was a big error on their part. The goal is to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

We covered a lot of tips how to save on 2016 Mitsubishi Lancer insurance. It’s most important to understand that the more rate quotes you have, the higher your chance of finding the cheapest auto insurance. You may even discover the most savings is with an unexpected company. Regional companies can often provide lower rates in certain areas than their larger competitors like State Farm and Allstate.

Additional detailed information is located in these articles: