Trying to find the cheapest car insurance rates for your Mitsubishi Lancer? Are you sick and tired of robbing Peter to pay Paul to pay your car insurance bill each month? Your situation is no different than many other consumers. With so many companies and agents to choose from, it is hard for the average consumer to find the most cost effective car insurance company.
The quickest method to compare policy rates is to know auto insurance companies pay for the opportunity to provide you with free rate quotes. The only thing you need to do is give them some information such as how much school you completed, level of coverage desired, whether or not you need a SR-22, and your occupation. Your rating data is then submitted to insurance carriers in your area and you will get price comparisons instantly to find the best rate.
Car insurance is not cheap, but companies offer discounts that you may not even be aware of. Certain discounts will be triggered automatically when you quote, but some must be requested specifically before they will apply. If you don’t get every credit available, you are throwing money away.
It’s important to understand that some credits don’t apply to your bottom line cost. Most cut the cost of specific coverages such as collision or personal injury protection. So even though it sounds like you can get free auto insurance, it doesn’t quite work that way. Any qualifying discounts will cut the cost of coverage.
For a list of companies offering car insurance discounts, click this link.
When choosing adequate coverage for your vehicles, there is no “best” method to buy coverage. Every situation is different and your policy should reflect that. These are some specific questions might help in determining if you would benefit from an agent’s advice.
If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.
Having a good grasp of car insurance can be of help when determining the best coverages and proper limits and deductibles. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverage types found on the average car insurance policy.
Coverage for liability
This will cover injuries or damage you cause to a person or their property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability coverage protects against claims such as emergency aid, structural damage and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 2012 Mitsubishi Lancer.
Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.
Comprehensive (Other than Collision)
Comprehensive insurance coverage pays to fix your vehicle from 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 things such as hitting a bird, a tree branch falling on your vehicle, hail damage and damage from getting keyed. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Medical expense insurance
Med pay and PIP coverage provide coverage for immediate expenses such as hospital visits, chiropractic care and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage
Collision 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 protects against things like colliding with another moving vehicle, hitting a mailbox, crashing into a building and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.