Finding low-cost insurance for a Mitsubishi Lancer can turn out to be a painful process, but you can follow a few tricks to save time. There is a right way and a wrong way to compare car insurance rates and we’ll show you the absolute fastest way to compare rates for a new or used Mitsubishi and get the lowest price.
You need to take a look at other company’s rates on a regular basis due to the fact that insurance rates trend upward over time. If you had the best rates on Lancer coverage last year other companies may now be cheaper. Ignore everything you know about car insurance because you’re about to learn the easiest way to find better coverage at a better price.
Car insurance companies don’t always publicize every discount in an easy-to-find place, so we took the time to find both well-publicized and the harder-to-find ways to save on insurance coverage. If they aren’t giving you every credit possible, you are paying more than you should be.
It’s important to understand that some of the credits will not apply to the entire policy premium. Some only reduce specific coverage prices like liability, collision or medical payments. Just because it seems like you could get a free insurance coverage policy, it doesn’t quite work that way.
To see a list of providers offering insurance coverage discounts, click here to view.
When it comes to choosing the best auto insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Everyone’s situation is a little different.
These are some specific questions could help you determine if your insurance needs would benefit from professional advice.
If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form. It’s fast, free and can help protect your family.
Consumers get pounded daily by advertisements for cheaper car insurance by Allstate, GEICO and Progressive. They all seem to make an identical promise that you’ll save big if you switch to their company.
But how can every company make almost identical claims? It’s all in the numbers.
All companies have a preferred profile for the right customer that earns them a profit. For instance, a preferred risk might be over the age of 40, is a homeowner, and drives less than 7,500 miles a year. A propective insured who meets those qualifications is entitled to the best price and therefore will save quite a bit of money when switching.
Consumers who don’t measure up to the requirements will have to pay higher rates and this can result in business going elsewhere. The ad wording is “people who switch” not “everybody who quotes” save that much money. That is how companies can truthfully advertise the savings. Because of the profiling, drivers must compare as many rates as you can. It is impossible to predict which insurance company will fit your personal profile best.
Having a good grasp of your policy can be of help when determining the right coverages for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement.
Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Mitsubishi Lancer.
Since many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.
Auto liability insurance – Liability coverage provides protection from injuries or damage you cause to people or other property. It protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.
Liability can pay for claims such as medical expenses, legal defense fees, court costs, repair bills for other people’s vehicles and bail bonds. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.
Coverage for medical expenses – Med pay and PIP coverage reimburse you for expenses like prosthetic devices, surgery, rehabilitation expenses and doctor visits. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible
Collision coverages – Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for things like colliding with another moving vehicle, scraping a guard rail, hitting a mailbox, backing into a parked car and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to get cheaper collision coverage.
Comprehensive car insurance – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as hitting a deer, rock chips in glass, damage from getting keyed, theft and a broken windshield. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.
Cost effective 2004 Mitsubishi Lancer insurance is definitely available both online as well as from independent agents, so you should be comparing quotes from both to get a complete price analysis. Some insurance companies don’t offer online quoting and most of the time these regional insurance providers sell through independent agents.
While you’re price shopping online, do not buy less coverage just to save a little money. In too many instances, an insured dropped physical damage coverage and learned later that the savings was not a smart move. Your strategy should be to buy enough coverage at the best price while not skimping on critical coverages.
We’ve covered a lot of tips how to get a better price on insurance. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may discover the lowest priced car insurance comes from the smaller companies.
Additional car insurance information is available on the following sites: