Having to pay for expensive Mitsubishi Lancer insurance can drain your budget and force you to prioritize other expenses. Performing a rate comparison is free and is an excellent way to reduce premiums and put more money in your pocket.
Multiple insurance companies compete to insure your vehicles, so it’s not easy to compare every insurance company to discover the definitive best rate
Shopping for lower car insurance rates can be challenging if you aren’t aware of the fastest way to get free quotes. You can waste a few hours (or days) talking about coverages with agents in your area, or you can utilize the web to achieve your goal.
The majority of car insurance companies are enrolled in a marketplace where insurance shoppers only type in their quote data once, and each participating company then returns a price quote for coverage. This eliminates the need for repetitive form submissions to each individual car insurance company. To find out how much you’re overpaying now click here to start a free quote.
The only drawback to pricing coverage this way is you don’t know exactly which carriers to receive prices from. So if you prefer to pick specific providers for rate comparison, we have a page of car insurance companies in your area. Click here to view list.
The method you choose is up to you, but compare apples-to-apples coverage limits on every price quote you get. If each company quotes different deductibles you will not be able to determine the lowest rate for your Mitsubishi Lancer. Even a minor difference in insurance coverages or limits could throw off the whole comparison. And when price shopping your coverage, making a lot of price comparisons will increase your chances of finding lower pricing.
Car insurance is not cheap nor is it fun to buy but you might already qualify for some discounts to help bring down the price. Some of these disounts will be visible when you quote, but a few must be specifically requested before they will apply. If you check and find you aren’t receiving every discount possible, you could be saving more on your car insurance.
Just know that most discounts do not apply to all coverage premiums. The majority will only reduce individual premiums such as comprehensive or collision. So when the math indicates you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. But all discounts will bring down the amount you pay for coverage.
A partial list of companies that may offer policyholders these benefits include:
Before buying, ask every prospective company what discounts are available to you. Discounts may not apply to policies in your area.
When it comes to choosing adequate coverage, there is no best way to insure your cars. Every situation is different and your policy should reflect that. Here are some questions about coverages that might point out if your insurance needs might need an agent’s assistance.
If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.
Knowing the specifics of a car insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverage types available from car insurance companies.
Liability insurance protects you from damage that occurs to a person or their property. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see values of 100/300/100 which stand for $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Another option is one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage pays for things like repair costs for stationary objects, funeral expenses and repair bills for other people’s vehicles. How much liability coverage do you need? That is a decision to put some thought into, but buy as large an amount as possible.
This coverage will pay to fix damage to your Lancer resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims like sideswiping another vehicle, sustaining damage from a pot hole, crashing into a ditch, backing into a parked car and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.
This coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Mitsubishi Lancer.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Normally these coverages are set the same as your liablity limits.
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as doctor visits, nursing services, ambulance fees, pain medications and hospital visits. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay
This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for things like theft, falling objects, damage from flooding and damage from getting keyed. The most your car insurance company will pay 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.
When getting insurance quotes online, you should never reduce coverage to reduce premium. Too many times, drivers have reduced uninsured motorist or liability limits only to find out that the few dollars in savings costed them thousands. The goal is to purchase plenty of coverage for the lowest cost but still have enough coverage for asset protection.
More affordable auto insurance can be found from both online companies and from local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some companies may not provide the ability to get quotes online and usually these smaller providers only sell through independent agents.
We just showed you quite a bit of information on how to lower your 2013 Mitsubishi Lancer insurance car insurance rates. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding the cheapest insurance. Consumers could even find that the lowest car insurance rates come from a smaller regional carrier. These smaller insurers may have significantly lower premium rates on certain market segments compared to the large companies like Progressive or GEICO.