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Mitsubishi Lancer Insurance Rates

You have many choices when comparing insurance rates on your Mitsubishi vehicle. You can either buy through an insurance agent or shop online to compare insurance costs of many different companies. Shopping for car insurance from online companies is easy, in addition you may find lower rates.

Consumers not familiar with comparing rates may think purchasing affordable Lancer insurance can be quite difficult. The are a couple different ways to compare quotes from car insurance companies in your area. One of the best ways to find the cheapest Lancer insurance cost consists of shopping online. This is very easy and can be done by getting a quick quote here.

Criteria which help determine car insurance premiums

Insurance premiums paid to insure a Mitsubishi Lancer can vary widely based upon several criteria. A few of these criteria are:

  • The performance level of your Lancer
  • Any accidents you may have
  • Whether you insure your home with the same company
  • How you use your vehicle
  • Optional coverages like vehicle replacement
  • Your job
  • The amount of protection requested
  • Owning a home can lower rates

One important consideration that will help determine your rates is the age of the vehicle. Older cars and trucks have a much lower replacement value compared to new Mitsubishi models so the costs to repair will push premiums down. But newer models have more advanced features including autonomous braking, dual-stage airbags, and sideview assist mirrors 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 coverage - Liability insurance protects you from injuries or damage you cause to a person or their property by causing an accident. Liability coverage pays for claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so buy higher limits if possible.

Collision coverages - Collision coverage pays for damage to your Mitsubishi from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive coverage - This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.

Uninsured and 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.

Medical payments coverage and PIP - Med pay and PIP coverage provide coverage for bills like ambulance fees, surgery, and doctor visits. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. PIP is not available in all states and may carry a deductible.

How Much are Mitsubishi Lancer Insurance Rates?