How Much Does 2006 Mitsubishi Lancer Insurance Cost?

Trying to find the cheapest car insurance rates? Buyers have a choice when searching for the best price on Mitsubishi Lancer insurance. They can either waste time calling around to get rate comparisons or use the internet to make rate comparisons.

There is a better way to shop for car insurance so we’re going to tell you the proper way to price shop coverage for a new or used Mitsubishi and find the best price possible from local insurance agents and online providers.

Smart consumers take time to compare rates as often as possible due to the fact that insurance rates trend upward over time. Even if you think you had the best premium rates on Lancer insurance a year ago the chances are good that you can find a lower price today. Forget all the misinformation about car insurance because you’re about to learn one of the quickest ways to get good coverage at a lower rate.

How to buy auto insurance online

There are a variety of methods you can shop for auto insurance but one way is easier and takes less work. You can spend your afternoon talking about coverages with agents in your area, or you can utilize online quoting to achieve your goal.

The majority of car insurance companies participate in an industry program where prospective buyers only type in their quote data once, and at least one company returns a rated price based on the submitted data. This saves time by eliminating quote forms for each company you want a rate for. To get comparison pricing now click here (opens in new window).

The only downside to getting quotes like this is you don’t know exactly which providers to receive prices from. So if you want to choose individual companies to compare, we have a listing of low cost auto insurance companies in your area. Click to view list.

You can choose any of those ways to find more affodable coverage, but do your best to use apples-to-apples coverage data with each company. If you are comparing higher or lower deductibles then you won’t be able to get a fair rate comparison.

More affordable rates by taking advantage of discounts

Some insurers don’t list all possible discounts in a way that’s easy to find, so we took the time to find some of the more common and the harder-to-find discounts that you may qualify for.

  • Data Collection Discounts – Policyholders that allow driving data collection to spy on when and where they use their vehicle by installing a telematics device such as Progressive’s Snapshot might see lower rates if they show good driving skills.
  • Early Payment Discounts – By paying your policy upfront rather than spreading payments over time you may have a lower total premium amount.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn lower prices if you buy some life insurance too.
  • Good Students Pay Less – Excelling in school may save you up to 25%. Earning this discount can benefit you up to age 25.
  • Senior Discount – Drivers over the age of 55 may qualify for a small discount on rates on Lancer insurance.
  • Multiple Policy Discount – If you have multiple policies and place coverage with the same company you could get a discount of up to 20% off your total premium.
  • Driver Training Discounts – Taking time to complete a class that teaches defensive driving techniques could save 5% or more and make you a better driver.
  • No Claims – Insureds with no claims or accidents have much lower rates in comparison to bad drivers.
  • Active Service Discounts – Being deployed with a military unit could be rewarded with lower rates.

One thing to note about discounts is that some credits don’t apply the the whole policy. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like all those discounts means the company will pay you, you won’t be that lucky.

To find providers offering auto insurance discounts, click this link.

How to lower your insurance costs

An important part of buying insurance is that you know a few of the rating criteria that help determine the price you pay for car insurance. If you have some idea of what determines base rates, this allows you to make educated decisions that will entitle you to lower car insurance prices.

  • Do you save by driving less? – Driving more miles each year the more it will cost to insure it. A lot of insurance companies charge rates based on their usage. Cars that have low annual miles receive better premium rates as compared to vehicles used primarily for driving to work. Verify your car insurance declarations sheet is showing the right rating data, because improper ratings can cost you money. Having the wrong rating on your Lancer may be costing you.
  • Reduce prices by driving safer vehicles – Cars with five star safety ratings cost less to insure. Vehicles engineered for safety protect occupants better and reduced instances of injuries translates directly to fewer claims passed on to you as lower rates. If your Mitsubishi Lancer is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may cost less to insure.
  • Gender and insurance coverage rates – Over the last 30 years, statistics show women tend to be less risk to insure than men. It does not mean males are worse at driving than females. Both genders cause auto accidents at about the same rate, but the male of the species have accidents that have higher claims. Men also statistically receive more costly citations like DWI (DUI) or reckless driving.
  • Premiums drop with age – Inexperience drivers have a tendency to be inattentive behind the wheel so they pay higher car insurance rates. Mature drivers are more cautious drivers, cause fewer claims and accidents , and usually have better credit.
  • File policy claims and pay more – If you’re an insured who likes to file claims you should expect either higher rates or even cancellation. Companies give the lowest premiums to drivers who are not frequent claim filers. Your insurance policy is intended to be relied upon for more catestrophic claims.
  • Decrease prices by maintaining coverage – Driving without insurance can get your license suspended and any future policy may cost more because you let your coverage have a gap. Not only will you pay higher rates, being ticketed for driving with no insurance could result in a hefty fine and possibly a revoked license. You may need to submit proof of financial responsibility or a SR-22 with your state DMV.
  • Policy add-ons can waste money – There are a ton of extra add-on coverages that can waste your money but may not be useful. Things like roadside assistance, death and dismemberment, and extra life insurance coverage are some examples. You may think they are a good idea initially, but if they’re wasting money eliminate them to save money.
  • Theft deterrents save – Selecting a car model with an alarm system can help bring down rates. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent vehicle theft.

How much car insurance do I need?

When choosing adequate coverage, there isn’t really a best way to insure your cars. Every insured’s situation is different.

For instance, these questions might help in determining whether you might need an agent’s assistance.

  • Will filing a claim cost me more?
  • Can I still get insurance after a DUI?
  • Where can I find high-risk insurance?
  • Is my Mitsubishi Lancer covered if I use it for business?
  • When should I buy a commercial auto policy?
  • Does my insurance cover a custom paint job?
  • How much can I save by bundling my policies?
  • Will my rates increase for filing one claim?
  • Do I need motorclub coverage?

If you’re not sure about those questions but a few of them apply then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and can help protect your family.

Brand name doesn’t guarantee savings

Consumers can’t get away from ads that promise big savings for switching by companies like 21st Century, Allstate and State Farm. All the companies seem to make the promise that people will save just by moving to their company.

How can each company give you a better price? This is how they do it.

Insurance providers can use profiling for the type of driver that will add to their bottom line. One example of a desirable insured might be described as a married female, has never had a claim, and insures a new vehicle. A propective insured who meets those qualifications is entitled to the best price and is almost guaranteed to save when switching.

Potential insureds who fall outside those criteria may be forced to pay higher prices and this results in the customer not purchasing. If you pay close attention to the ads, they say “people that switch” but not “all drivers who get quotes” save that much money. That’s why insurance companies can advertise the way they do.

Because each company has a different risk profile, you need to get price quotes at each policy renewal. It’s just too difficult to predict which insurance companies will have the lowest car insurance rates for your situation.

Specific coverage details

Knowing the specifics of a auto insurance policy can be of help when determining 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.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like chiropractic care, EMT expenses, funeral costs and hospital visits. They are often utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

Coverage for collisions

This coverage will pay to fix damage to your Lancer resulting 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 coverage protects against claims such as colliding with a tree, colliding with another moving vehicle, crashing into a building, backing into a parked car and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive auto insurance

This covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from flooding, damage from getting keyed, damage from a tornado or hurricane and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

This provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Mitsubishi Lancer.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally the UM/UIM limits do not exceed the liability coverage limits.

Liability car insurance

This will cover damage that occurs to a person or their property by causing an accident. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Some companies may use a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like repair costs for stationary objects, medical services, loss of income and legal defense fees. How much liability coverage do you need? That is your choice, but consider buying higher limits if possible.

Do the work, save more money

When getting auto insurance quotes online, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many cases, someone dropped uninsured motorist or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to find the BEST coverage at an affordable rate, but don’t skip important coverages to save money.

People change insurance companies for any number of reasons including delays in responding to claim requests, an unsatisfactory settlement offer, extreme rates for teen drivers or even lack of trust in their agent. Whatever your reason, choosing a new insurance company can be easier than you think.

Lower-priced 2006 Mitsubishi Lancer insurance is attainable both online and also from your neighborhood agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies do not offer online rate quotes and these smaller providers provide coverage only through local independent agents.

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