2004 Mitsubishi Lancer Sportback Car Insurance Rates – 9 Ideas for Best Quotes

Searching for the cheapest insurance rates for your Mitsubishi Lancer Sportback? Have you had enough of being strong-armed to insure your Mitsubishi every month? You are no different than most other car owners.

With so many different company options, it’s difficult to pick the most cost effective company.

You need to price shop coverage on a regular basis since rates are adjusted regularly by insurance companies. Even if you think you had the lowest rates for Lancer Sportback coverage six months ago you may be paying too much now. So just forget anything you know (or think you know) about insurance because you’re about to learn the right way to find lower rates on insurance.

Quick Auto Insurance Quotes

All the larger auto insurance companies like 21st Century, Allstate and State Farm give coverage price quotes online. Getting online rates is pretty painless as you simply enter your coverage preferences into the quote form. After the form is submitted, the company’s rating system will obtain information on your driving record and credit history and returns pricing information determined by many factors. Online price quotes simplifies rate comparisons, but the time required to go to several different sites and enter the same data into a form can be a bit repetitive. But it is imperative to compare as many rates as possible if you are searching for lower prices.

A quicker way to compare auto insurance pricing requires only one form that gets prices from more than one company. It saves time, eliminates form submissions, and makes rate comparisons much more enjoyable and efficient. Immediately after submitting the form, it is rated and you are able to buy any or none of the quotes that you receive. If a lower price is quoted, it’s easy to complete the application and purchase the new policy. It can be completed in a matter of minutes and could lower your rates considerably.

To save time and use this form to compare rates, click here to open in a new tab and input your coverage information. If you currently have coverage, we recommend that you enter the limits and deductibles exactly as they are listed on your policy. Using the same limits helps guarantee you will have comparison quotes based on similar coverages.

How to reduce 2004 Mitsubishi Lancer Sportback insurance rates

Companies that sell car insurance do not list all available discounts in a way that’s easy to find, so we researched some of the best known and also the lesser-known ways to save on insurance.

  • Club Memberships – Affiliation with a qualifying organization could trigger savings when buying insurance for Lancer Sportback coverage.
  • Pay Upfront and Save – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
  • Save with a New Car – Buying coverage on a new vehicle can cost up to 25% less compared to insuring an older model.
  • Good Student – Getting good grades can get you a discount of up to 25%. This discount can apply until age 25.
  • Federal Employees – Active or retired federal employment can earn a discount up to 10% for Lancer Sportback coverage with a few insurance companies.
  • Multiple Cars – Insuring all your vehicles on one policy can get a discount on all vehicles.
  • Sign Early and Save – A few companies offer discounts for switching policies prior to your current policy expiring. It can save you around 10%.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles can reduce accidents and qualify for as much as a 10% discount.
  • Driver’s Ed – Require your teen driver to take driver’s ed class if offered at their school.

Consumers should know that most credits do not apply to the entire cost. Most cut the cost of specific coverages such as medical payments or collision. Just because it seems like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

For a list of insurers with the best insurance discounts, click here.

Tailor your coverage to you

When choosing the best insurance coverage for your personal vehicles, there really is not a one size fits all plan. Everyone’s needs are different so your insurance should reflect that For example, these questions may help you determine if your insurance needs might need professional guidance.

  • Am I covered when driving a rental car?
  • Can I get a multi-policy discount?
  • Am I covered if I crash into my own garage door?
  • Am I covered when driving someone else’s vehicle?
  • Do I need to file an SR-22 for a DUI in my state?
  • How much liability do I need to cover my assets?
  • Does my 2004 Mitsubishi Lancer Sportback need full coverage?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Switch companies and save? Really?

Insurance companies such as 21st Century, Allstate and State Farm regularly use ads in print and on television. They all seem to say the same thing that you’ll save big if you move your policy. But how can every company make the same claim?

All the different companies have a certain “appetite” for the type of customer that earns them a profit. For instance, a desirable insured might be between the ages of 30 and 50, has no tickets, and drives less than 10,000 miles a year. A driver who meets those qualifications is entitled to the best price and therefore will save when switching.

Potential customers who don’t measure up to the requirements will have to pay a higher premium which usually ends up with the customer not buying. The ad wording is “drivers who switch” not “everyone that quotes” save that much. This is how insurance companies can make the claims of big savings. Because of the profiling, you absolutely need to quote coverage with many companies. You cannot predict which insurance companies will provide you with the cheapest Mitsubishi Lancer Sportback insurance rates.

Auto insurance coverage considerations

Knowing the specifics of a auto insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverages found on most auto insurance policies.

Comprehensive coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like fire damage, rock chips in glass, hail damage and vandalism. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability coverage

This will cover damages or injuries you inflict on a person or their property by causing an accident. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for things such as pain and suffering, legal defense fees, attorney fees, bail bonds and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for bills for ambulance fees, prosthetic devices and pain medications. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Collision insurance

Collision insurance covers damage to your Lancer Sportback caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like scraping a guard rail, hitting a parking meter, damaging your car on a curb, sustaining damage from a pot hole and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Final thoughts

You just learned many ways to get a better price on 2004 Mitsubishi Lancer Sportback insurance. The most important thing to understand is the more you quote, the more likely it is that you will get a better rate. You may even discover the lowest rates come from a small local company. These companies can often provide lower rates in certain areas than the large multi-state companies such as State Farm or Progressive.

Discount insurance can be purchased on the web in addition to many insurance agents, and you need to price shop both to have the best chance of lowering rates. A few companies do not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

When buying insurance coverage, never buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced full coverage and found out when filing a claim that it was a big error on their part. Your aim should be to find the BEST coverage for the lowest price while not skimping on critical coverages.

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