Want lower auto insurance rates for your Mitsubishi Lancer? Feel like you’re a prisoner to high-priced auto insurance? Believe me, you’re not alone.
Because there are so many insurance providers from which to choose, it’s nearly impossible to choose the lowest price insurance company.
Smart consumers take time to check auto insurance prices on a regular basis because prices change regularly. If you had the best price on Lancer coverage a year ago there may be better deals available now. Forget anything you know (or think you know) about auto insurance because you’re about to find out the only way to save money, get proper deductibles and limits, all at the lowest rate.
The quickest way to compare policy rates is to know the fact most of the larger companies participate in online systems to give rate comparisons. The only thing you need to do is take a few minutes to give details such as whether you drive to work or school, whether your vehicle is owned or leased, the ages of drivers, and daily mileage. That rating information is sent automatically to insurance carriers in your area and you will get price comparisons instantly to find the best rate.
To compare multiple company rates now, click here and enter your zip code.
State Farm, GEICO and Progressive constantly bombard you with ads on television and other media. All the companies make an identical promise about savings if you switch your coverage to them. How do they all say the same thing? It’s all in the numbers.
All the different companies can use profiling for the type of driver that earns them a profit. For instance, a profitable customer might be a mature driver, is a homeowner, and has great credit. Any driver who meets those qualifications gets the lowest rates and is almost guaranteed to save when they switch companies.
Potential customers who don’t meet the “perfect” profile will be quoted higher premiums which usually ends up with business not being written. The ads state “people who switch” not “people who quote” save money. This is how insurance companies can make those claims. This emphasizes why drivers should get as many quotes as possible. It’s impossible to know which company will fit your personal profile best.
Auto insurance companies don’t always publicize every discount in a way that’s easy to find, so we break down some of the more common and the harder-to-find savings tricks you should be using.
Keep in mind that most discounts do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like comp or med pay. So despite the fact that it appears adding up those discounts means a free policy, auto insurance companies aren’t that generous.
A partial list of companies who might offer these money-saving discounts include:
Before buying, ask each insurance company how you can save money. Some discounts may not apply in your state.
When it comes to choosing adequate coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions may help you determine if you will benefit from professional help.
If it’s difficult to answer those questions, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier
Understanding the coverages of your auto insurance policy helps when choosing the right coverages and proper limits and deductibles. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. Shown next are the normal coverages available from auto insurance companies.
Collision coverages – This pays for damage to your Lancer resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.
Collision can pay for claims such as rolling your car, colliding with another moving vehicle, damaging your car on a curb, crashing into a ditch and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.
Insurance for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as ambulance fees, chiropractic care and hospital visits. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. It covers you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Mitsubishi Lancer.
Since a lot of drivers only purchase the least amount of liability that is required, 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.
Comprehensive coverage (or Other than Collision) – This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like damage from a tornado or hurricane, fire damage and damage from flooding. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Coverage for liability – This provides protection from damage that occurs to people or other property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.
Liability insurance covers things like loss of income, structural damage and court costs. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.
The cheapest 2005 Mitsubishi Lancer insurance is attainable from both online companies in addition to many insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance providers do not provide online price quotes and these regional insurance providers work with independent agents.
As you prepare to switch companies, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many cases where drivers have reduced full coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The aim is to get the best coverage possible at the best price while still protecting your assets.