Compare 2015 Mitsubishi Lancer Insurance Rates

Finding lower rates for auto insurance can be hard for people who are new to comparison shopping online. There are so many companies to choose from that it can be a real hassle to locate the lowest price.

The method we recommend to compare insurance rates in your area is to know the fact auto insurance companies participate in a system to give you rate quotes. All consumers are required to do is provide the companies a bit of rating information like if the vehicle is leased, your general credit rating, how much school you completed, and which vehicles you own. Your insurance information is instantly provided to insurance carriers in your area and you should receive rate quotes within a short period of time.

To get price quotes for your , click here and complete the quick form.

Mitsubishi Lancer rates are complex

It’s important that you understand the rating factors that go into determining the price you pay for insurance coverage. When you know what positively or negatively influences your rates empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

  • Drive less and save money – Driving more miles each year the more you will pay for insurance coverage. Most companies rate vehicles based on their usage. Cars used primarily for pleasure use qualify for better rates as compared to vehicles used primarily for driving to work. Improper usage on your Lancer can cost quite a bit. Double check that your insurance coverage coverage is showing the proper vehicle usage.
  • Women pay lower rates – The statistics show that women are safer drivers than men. However, don’t assume that women are BETTER drivers than men. Both sexes are in accidents in similar numbers, but the males cause more damage and cost insurance companies more money. They also get cited for more serious violations like reckless driving and DUI.
  • Extra add-on coverages are wasting money – There are many extra bells and whistles that can waste your money if you aren’t careful. Things like roadside assistance, accident forgiveness and membership fees are examples of these. These coverages may sound good when talking to your agent, but your needs may have changed so remove them from your policy.
  • Adjust deductibles and save – Physical damage coverage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Mitsubishi. Examples of covered claims would be running into the backend of another car, vandalism, and burglary. Physical damage deductibles are how much you are willing to pay in the event of a claim. The more expense you’re willing to pay, the less your insurance coverage will be for Lancer insurance.
  • More claims means more premium – Companies provide discounts to drivers who are claim-free. If you file claims often, you can expect either higher rates or even cancellation. Your insurance policy is designed for the large, substantial claims.
  • Multiple policies with one company can save – Some insurance coverage companies give discounts to policyholders who consolidate policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to shop around to verify if the discount is saving money.

Cut your insurance rates with discounts

Companies that sell car insurance don’t always advertise every available discount in a way that’s easy to find, so here is a list both the well known and also the lesser-known ways to save on insurance.

  • 55 and Retired – Older drivers may qualify for a discount up to 10% for Lancer insurance.
  • Service Members Pay Less – Having a deployed family member may qualify for rate reductions.
  • Drive Safe and Save – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for Lancer insurance than drivers with accident claims.
  • E-sign – Some insurance companies may give you up to $50 just for signing your application on their website.
  • Good Student – Performing well in school can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
  • Student Driver Training – Have your child take driver’s ed class in school.
  • Discount for Swiching Early – Some companies give discounts for signing up before your current expiration date. The savings is around 10%.
  • Defensive Driver – Successfully completing a course in driver safety could cut 5% off your bill and easily recoup the cost of the course.

It’s important to understand that some credits don’t apply to the entire cost. Most only cut the cost of specific coverages such as comp or med pay. So when the math indicates you can get free auto insurance, you won’t be that lucky.

To see a list of providers offering insurance discounts, click this link.

You are unique and your auto insurance should be too

When it comes to buying coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

For instance, these questions might point out if your situation might need professional guidance.

  • Why am I required to buy liability insurance?
  • Is there coverage for injuries to my pets?
  • Is my ex-spouse still covered by my policy?
  • Does my insurance cover my expensive audio equipment?
  • Do I have coverage if my license is suspended?
  • When do I need to add a new car to my policy?
  • I have a DUI can I still get coverage?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form.

Parts of your auto insurance policy

Having a good grasp of a auto insurance policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for ambulance fees, rehabilitation expenses, doctor visits and dental work. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mitsubishi Lancer.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Liability auto insurance – Liability insurance will cover damages or injuries you inflict on a person or their property by causing an accident. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage protects against things such as structural damage, bail bonds and court costs. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.

Comprehensive coverage – Comprehensive insurance pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as damage from getting keyed, falling objects and a broken windshield. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like crashing into a ditch, damaging your car on a curb, colliding with another moving vehicle and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Coverage on a shoestring budget

Low-cost 2015 Mitsubishi Lancer insurance can be purchased on the web and with local insurance agents, and you should be comparing both to have the best selection. Some insurance companies do not offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.

As you shop your coverage around, don’t be tempted to reduce needed coverages to save money. There are many occasions where someone dropped liability limits or collision coverage only to regret they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage at the best price while still protecting your assets.

You just read a lot of information how to lower your insurance rates. The key thing to remember is the more you quote, the more likely it is that you will get a better rate. You may even discover the lowest rates come from a company that doesn’t do a lot of advertising.

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