2004 Mitsubishi Lancer Sportback Insurance Rates – 10 Savings Tips

Looking for the cheapest car insurance rates for your Mitsubishi Lancer Sportback? Are you drained from not being able to afford each month for car insurance? You have the same problem as most other people. Having so many choices, it can be impossible to pick the lowest cost car insurance company.

Drivers save money with these ten premium-slashing discounts

Car insurance can cost a lot, but you may be missing some discounts to cut the cost considerably. Larger premium reductions will be automatically applied when you complete an application, but some discounts are required to be specially asked for prior to receiving the credit. If you do not double check each discount you qualify for, you are just wasting money.

  • Military Deployment Discount – Having a family member in the military could mean lower premium rates.
  • Organization Discounts – Participating in certain professional organizations can get you a small discount on your next renewal.
  • Accident Free – Insureds who avoid accidents and claims can earn big discounts as opposed to policyholders that have many claims.
  • ABS Braking Discount – Vehicles with ABS braking systems or traction control can reduce accidents and qualify for as much as a 10% discount.
  • Multiple Cars – Buying insurance for more than one vehicle on a single policy can reduce rates for all insured vehicles.
  • Student Driver Training – Require your teen driver to take driver’s ed class if it’s offered in school.
  • Early Payment Discounts – By paying your entire bill at once instead of monthly or quarterly installments you could save up to 5%.
  • Switch and Save Discount – Select larger companies give a discount for switching companies before your current expiration date. It’s a savings of about 10%.
  • Senior Citizen Discount – Drivers over the age of 55 may be able to get lower premium rates on Lancer Sportback coverage.
  • Defensive Driving Course – Participating in a defensive driver class could save 5% or more and easily pay for the cost of the class.

Please keep in mind that most discounts do not apply the the whole policy. Most only reduce the price of certain insurance coverages like collision or personal injury protection. Just because it seems like you can get free auto insurance, companies don’t profit that way. But any discount will positively reduce your policy cost.

A partial list of companies that may have these money-saving discounts include:

If you want cheap insurance quotes, ask all companies you are considering which credits you are entitled to. A few discounts might not apply in every state. To see insurance companies offering insurance discounts, follow this link.

Finding insurance

Getting a cheaper price on 2004 Mitsubishi Lancer Sportback insurance is pretty simple and can save money. Drivers just need to invest a few minutes comparing rates online from several insurance companies. Price comparisons can be done in just a few minutes using one of these methods.

If you don’t have a lot of time, the easiest way to find low rates is a comparison rater form like this one (opens in new window). This quick form keeps you from doing a different quote to each individual insurance company. A single form will return price quotes from many national carriers.

Another way to get quotes online is to take the time to go to the website for every company you want to comare and get a separate price quote. For sake of this example, let’s assume you want to compare GEICO, Allstate and GMAC. To do that, you would have to visit each site and repeatedly type in your coverage information, and that’s why the first method is more popular. For a list of companies in your area, click here.

The approach you take is up to you, just ensure you are comparing the exact same quote data on every quote you get. If you are comparing different liability limits you can’t possibly determine the lowest rate for your Mitsubishi Lancer Sportback.

Do I need special coverages?

When choosing adequate coverage for your vehicles, there is no cookie cutter policy. Every situation is different so your insurance should reflect that These are some specific questions might point out whether or not you may require specific advice.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Can I still get insurance after a DUI?
  • What companies insure drivers after a DUI or DWI?
  • Do I have coverage if my license is suspended?
  • Are my tools covered if they get stolen from my vehicle?
  • Is there coverage for injuries to my pets?
  • Can I drive in Mexico and have coverage?

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Do drivers who switch really save?

Drivers can’t ignore all the ads for cheaper insurance coverage from companies such as Progressive, Allstate and GEICO. All the ads tend to make the same promise that you can save if you switch your policy.

How is it possible that every company can say the same thing? Just pay attention to how they say it.

All companies have specific guidelines for the type of insured that will not have excessive claims. For instance, a preferred risk should be between 30 and 50, has no tickets, and drives a lower-performance vehicle. A propective insured that matches those criteria will probably get cheap rates and will also pay quite a bit less when switching companies.

People who don’t meet those standards will have to pay a higher premium which leads to business going elsewhere. If you pay attention, the ads say “customers that switch” not “everyone that quotes” can save as much as they claim. This is how companies can truthfully state the savings.

That is why it’s extremely important to get insurance quotes as often as possible. It’s just not possible to know the company that will fit you best based on your risk profile.

Insurance coverages 101

Learning about specific coverages of your policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are the usual coverages found on the average insurance policy.

Coverage for medical payments

Med pay and PIP coverage kick in for immediate expenses for things like ambulance fees, nursing services, EMT expenses, pain medications and X-ray expenses. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Collision protection

Collision insurance will pay to fix damage to your Lancer Sportback from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things like crashing into a ditch, scraping a guard rail, colliding with a tree and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like theft, vandalism and a broken windshield. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage gives you 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 only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these limits are similar to your liability insurance amounts.

Coverage for liability

This coverage can cover damages or injuries you inflict on a person or their property by causing an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims such as medical services, repair bills for other people’s vehicles and medical expenses. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

A penny saved is a penny earned

As you prepare to switch companies, it’s a bad idea to buy less coverage just to save a little money. In many cases, someone sacrificed collision coverage and discovered at claim time that the small savings ended up costing them much more. The ultimate goal is to buy enough coverage at the best possible price, not the least amount of coverage.

We’ve covered a lot of tips how to get a better price on 2004 Mitsubishi Lancer Sportback insurance. The key thing to remember is the more times you quote, the higher the chance of saving money. Consumers could even find that the lowest car insurance rates are with the least-expected company. Smaller companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.

Budget-friendly auto insurance can be purchased from both online companies and also from your neighborhood agents, so you need to shop insurance with both in order to have the best price selection to choose from. There are still a few companies who may not have rates over the internet and many times these small, regional companies only sell through independent agents.

For more information, feel free to browse the resources below: