2003 Mitsubishi Lancer Insurance Quotes – 6 Tips for Best Rates

Want the cheapest insurance rates for your Mitsubishi Lancer? Saving money on Driversinsurance is kind of frustrating for drivers new to comparison shopping online. When there are so many companies, it can easily turn into a difficult situation to find the best prices.

Consumers need to check insurance prices as often as possible since insurance rates are variable and change quite frequently. Even if you think you had the lowest premium rates on Lancer coverage two years ago you may be paying too much now. Forget all the misinformation about insurance because you’re going to get a crash course in how to use online quotes to reduce your cost while increasing coverage.

Finding the best rates is quite easy. In a nutshell, everyone who buys insurance will more than likely be able to cut their insurance bill. Nevertheless, consumers need to have an understanding of how companies sell insurance online because it can help you find the best coverage.

Lower rates by qualifying for these six discounts

Car insurance is easily one of your largest bills, but there are discounts available to help offset the cost. Some of these disounts will be visible at the time of purchase, but a few must be asked for before you will receive the discount.

  • Save over 55 – If you qualify as a senior citizen, you can get a small decrease in premiums on Lancer coverage.
  • Low Mileage – Driving fewer miles can qualify you for cheaper car insurancerates.
  • Multi-car Discount – Buying a policy with all your vehicles with one company can get a discount for every vehicle.
  • Discount for New Cars – Buying insurance on a new vehicle can be considerably cheaper because new model year vehicles have to meet stringent safety requirements.
  • Policy Bundle Discount – If you can bundle your homeowners and auto insurance with one insurance company they may give you a discount of at least 10 to 15 percent or more.
  • Telematics Data Discounts – Policyholders that allow driving data collection to scrutinize driving patterns by using a telematics device in their vehicle such as State Farm’s In-Drive could see a rate decrease as long as they are good drivers.

Discounts lower rates, but most of the big mark downs will not be given the the whole policy. Most only cut the price of certain insurance coverages like medical payments or collision. So when it seems like adding up those discounts means a free policy, it’s just not the way it works. Any amount of discount should definitely cut your overall bill.

A list of companies and some of the premium reductions they offer are detailed below.

  • Farm Bureau may include discounts for youthful driver, safe driver, driver training, multi-vehicle, and 55 and retired.
  • State Farm includes discounts for student away at school, passive restraint, safe vehicle, anti-theft, Steer Clear safe driver discount, driver’s education, and multiple policy.
  • Progressive offers premium reductions for continuous coverage, multi-policy, online quote discount, online signing, and multi-vehicle.
  • Allstate may offer discounts for 55 and retired, senior citizen, FullPay discount, EZ pay plan discount, early signing, and new car.
  • Nationwide policyholders can earn discounts including easy pay, anti-theft, business or organization, multi-policy, good student, accident-free, and family plan.
  • MetLife offers discounts for claim-free, multi-policy, good student, accident-free, defensive driver, good driver

When getting free car insurance quotes, it’s a good idea to each insurance company what discounts are available to you. Savings may not be available in your state. To see a list of insurers with the best discounts, click here to view.

Insurance quotes comparison

Most larger insurance companies such as State Farm, GEICO and Progressive provide prices on their websites. This process is pretty painless as you just enter your required coverages into the form. Once you submit the form, their rating system orders reports for credit and driving violations and provides a quote based on these factors.

Quoting online helps simplify price comparisons, but the work required to visit different websites and type in the same data is a waste of time. But it’s absolutely necessary to compare as many rates as possible in order to get lower prices.

There is a better way!

An easier way to find cheaper rates utilizes a single form that gets price quotes from multiple companies. This type of form saves time, helps eliminate reptitive entry, and makes online price comparison a lot less work. As soon as the form is sent, your coverage is rated and you are able to buy your choice of the pricing results. If one or more price quotes are lower than your current rates, you can click and sign and purchase the new policy. This process only takes a few minutes and you’ll know if lower rates are available.

In order to find out if lower rates are available, click here to open in new window and begin entering your coverage information. If you have your current policy handy, we recommend you copy the limits and deductibles exactly as shown on your declarations page. This way, you will receive rate quotes based on identical coverages.

Insurance is unique, just like you

When it comes to buying the right insurance coverage for your vehicles, there really is not a one size fits all plan. Everyone’s situation is a little different.

These are some specific questions might point out if you may require specific advice.

  • Am I covered if I hit my neighbor’s mailbox?
  • Can I still get insurance after a DUI?
  • How do I buy GAP insurance?
  • Should I carry comprehensive and collision coverage?
  • What is no-fault insurance?
  • When should I not file a claim?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form.

Auto insurance policy coverages for a Mitsubishi Lancer

Having a good grasp of your auto insurance policy can help you determine the right coverages and the correct deductibles and limits. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Medical expense insurance

Med pay and PIP coverage kick in for bills for surgery, funeral costs, doctor visits, dental work and chiropractic care. They can be used in conjunction with a health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Auto liability insurance

This can cover injuries or damage you cause to people or other property that is your fault. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims such as medical services, court costs and bail bonds. How much coverage you buy is up to you, but buy as much as you can afford.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and also any damage incurred to your Mitsubishi Lancer.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Collision coverage

Collision insurance covers damage to your Lancer from colliding 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 protects against things like hitting a mailbox, colliding with a tree, crashing into a ditch and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Comprehensive (Other than Collision)

This coverage pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as hitting a bird, rock chips in glass, a broken windshield and a tree branch falling on your vehicle. The highest amount a auto 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.

Find Good Coverage for Less

As you quote car insurance, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are a lot of situations where someone dropped collision coverage to discover at claim time they didn’t purchase enough coverage. Your focus should be to purchase plenty of coverage at the best possible price while still protecting your assets.

Cost effective 2003 Mitsubishi Lancer insurance can be purchased from both online companies in addition to many insurance agents, and you should be comparing both to have the best chance of lowering rates. Some companies don’t offer the ability to get quotes online and these smaller providers only sell coverage through local independent agencies.

You just learned some good ideas how to save on 2003 Mitsubishi Lancer insurance. The key concept to understand is the more times you quote, the higher your chance of finding inexpensive car insurance. Drivers may discover the lowest premium rates come from a small mutual company.

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