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Mitsubishi Lancer Insurance Cost

You have many choices when finding cheaper insurance coverage on your Mitsubishi vehicle. You can buy direct from a local agent or go online to compare insurance costs of companies. Shopping for car insurance by quoting online can be fast and easy, in addition you might just save a little.

If shopping for car insurance online is new to you, you may be confused by the hoards of car insurance companies vying for your business. When shopping for car insurance there are multiple ways to compare quotes from car insurance companies in your area. The easiest way by far to find the cheapest Lancer insurance rates consists of shopping online. This is very easy and can be done by getting a quick quote here.

Criteria which help determine Lancer insurance quotes

Auto insurance rates for a Mitsubishi Lancer can vary widely depending on several factors. A few of these criteria are:

  • Higher performance Lancer vehicles cost more
  • Any accidents you may have
  • Whether you insure your home with the same company
  • Use of your vehicle
  • Optional coverages like vehicle replacement
  • What you do for a living
  • The amount of protection requested
  • Owning a home can lower rates

A final factor that will help determine Lancer insurance cost is the model year. Older cars and trucks have a much lower replacement value in comparison to older models so repair costs tend to be lower which may result in lower rates. But newer models may have a trim level with safety features including automatic crash notification, blind-spot warning system, and an advanced theft deterrent system which can help offset higher rates.

To get more specific information about how much rates will be for your vehicle, select the year of your Lancer from the following list.

Liability coverages

This coverage protects you from injuries or damage you cause to other people or property by causing an accident. Liability coverage pays for claims such as funeral expenses, loss of income, and emergency aid. Coverage is generally pretty cheap so consider buying higher limits if possible.

Collision protection

Collision coverage pays for damage to your Mitsubishi caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in. Lancer collision insurance is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive coverages

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by your Mitsubishi Lancer comprehensive insurance. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.

Uninsured or underinsured coverage

This coverage provides protection when the "other guys" do not carry enough liability coverage. Due to the fact that many 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 important protection for you and your family.

Coverage for medical payments

Med pay and PIP coverage pay for bills (i.e. ambulance fees, surgery, and doctor visits). They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Personal Injury Protection is not available in all states and may carry a deductible.

How Much are Mitsubishi Lancer Insurance Rates?