Lower Your 2009 Mitsubishi Lancer Car Insurance Rates

Searching for the cheapest insurance coverage rates for your Mitsubishi Lancer? Have you finally had enough of trying to scrape together enough money to insure your Mitsubishi every month? You have the same problem as most other people. People have multiple insurance companies to choose from, and even though it’s nice to have a choice, so many choices can make it hard to locate the cheapest rates.

Shopping for more affordable coverage is simple if you know the tricks. If you have insurance now or need new coverage, you can use these tips to find the best rates while maximizing coverage. Consumers only need to know the most effective way to compare rates over the internet.

Discount insurance quotes

Auto insurance companies don’t necessarily list their entire list of discounts in an easy-to-find place, so the list below gives a summary of both well-publicized and also the lesser-known discounts you could be receiving when you buy insurance online. If they aren’t giving you every credit you qualify for, you are just wasting money.

• Discount for Low Mileage – Low annual miles can qualify you for slightly better rates than normal.
• Multi-car Discount – Having primary and secondary vehicles on one policy may reduce the rate for each vehicle.
• Bundled Policy Discount – When you have multiple policies with one company you will save over 10 percent off each policy depending on the company.
• Discount for Swiching Early – A few insurance companies offer discounts for buying a policy before your current coverage expires. The savings is around 10%.
• First Accident Forgiveness – This one is not really a discount per se, but a handful of insurance companies will let one accident slide without raising rates so long as you are claim-free prior to the accident.
• No Accidents – Insureds with no claims or accidents are rewarded with significantly better rates on insurance quote compared to accident-prone drivers.
• College Student – Children who are enrolled in higher education away from home and leave their car at home can be insured at a reduced rate.

Drivers should understand that most of the big mark downs will not be given the the whole policy. A few only apply to the price of certain insurance coverages like liability and collision coverage. So when the math indicates you could get a free insurance policy, it doesn’t quite work that way.

For a list of companies that offer the discounts shown above, click here to view.

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The Mitsubishi Lancer insurance price equation

Lots of things are considered when quoting car insurance. A few of the factors are predictable like your driving record, but other factors are more obscure such as your credit history or your commute time.

• Save money with good credit – A driver’s credit history can be a huge factor in calculating your car insurance rates. People that have excellent credit tend to be less risk to insure than those with lower ratings. So if your credit history is low, you could save money insuring your 2009 Mitsubishi Lancer by taking the time to improve your credit score.
• Fewer miles means better rates – The higher the miles on your Mitsubishi each year the higher your rates will be. Many insurance companies charge to insure your cars based on how the vehicle is used. Vehicles that do not get driven very much receive lower rates than those used for commuting. Verify your car insurance coverage is showing the right rating data. A policy that improperly rates your Lancer can cost quite a bit.
• Stay claim-free and save money – If you file claims often, you shouldn’t be surprised to get either policy cancellation or increased premiums. Auto insurance companies generally give most affordable rates to insureds who file claims infrequently. Your car insurance is intended for more catestrophic claims.
• Where you live can modify premiums – Choosing to live in less populated areas of the country has it’s advantages when trying to find low car insurance rates. Less people means reduced accidents as well as less vandalism and auto theft. Residents of big cities have more road rage incidents and higher rates of accident claims. The longer drive time translates into higher accident risk.
• Safeguard your assets with liability – A critical coverage on your policy, liability insurance will afford coverage when you are found to be at fault for causing personal injury or damage in an accident. Liability provides legal defense coverage up to the limits shown on your policy. Liability is cheap compared to comp and collision, so drivers should carry high limits.
• Pay less with a high NHTSA crash test rating – Safe vehicles tend to have better insurance rates. These vehicles reduce the chance of injuries and fewer serious injuries means lower claim amounts which can mean better rates for you. If the Mitsubishi Lancer scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
• Which gender costs less? – Over time, data shows that females tend to be a little less risky than males. It does not mean males are worse at driving than females. Both genders cause at-fault accidents at a similar rate, but men cause more damage. In addition to higher claims, males also get ticketed for serious violations such as reckless driving.
• Alarms and GPS tracking lower premiums – Purchasing a vehicle with an alarm system can get you a discount on your car insurance. Anti-theft features such as OnStar, LoJack tracking, and tamper alarms help track and prevent car theft.

Tailor your car insurance coverage to you

When it comes to choosing the right insurance coverage for your vehicles, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions might point out if your insurance needs may require specific advice.

• Is my 2009 Mitsubishi Lancer covered for smoke damage?
• Am I covered when driving a rental car?
• What is the ISO rating for a 2009 Mitsubishi Lancer?
• What are the best liability limits?
• Does having multiple vehicles earn me a discount?
• Do I pay less if my vehicle is kept in my garage?
• Do I have coverage when making deliveries for my home business?
• Will my vehicle be repaired with OEM or aftermarket parts?

If you can’t answer these questions but you know they apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Save $391 a year. For real?

Drivers can’t get away from ads for the lowest price auto insurance by State Farm, Geico and Progressive. All the companies tend to make the same promise that you can save if you switch your policy.

Is it even possible that every company can offer drivers better rates? Just pay attention to how they say it.

Different companies quote their cheapest rates for the type of driver that earns them the highest profit. A good example of a driver they prefer could possibly be over the age of 50, has no claims, and drives a lower-performance vehicle. A customer who matches that profile will qualify for the lowest prices and have a good chance to save a lot if they switch.

Consumers who don’t meet these standards may be forced to pay a more expensive rate which translates to the customer buying from someone else. The trick companies use is to say “people that switch” not “everyone that quotes” save the amount stated. This is how insurance companies can advertise the savings.

This really illustrates why drivers must get insurance quotes as often as possible. It is impossible to guess the company that will provide you with the cheapest premium rates.

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Specific coverage details

Understanding the coverages of car insurance helps when choosing appropriate coverage at the best deductibles and correct limits. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverage types available from car insurance companies.

Liability coverage

This coverage protects you from injuries or damage you cause to a person or their property that is your fault. This coverage protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Alternatively, you may have a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as medical expenses, legal defense fees, repair bills for other people’s vehicles and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like damage from getting keyed, falling objects, hitting a deer, fire damage and hail damage. The highest amount your car insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

UM/UIM Coverage

This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Mitsubishi Lancer.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Normally the UM/UIM limits do not exceed the liability coverage limits.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like surgery, chiropractic care, X-ray expenses, EMT expenses and funeral costs. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

Auto collision coverage

Collision insurance will pay to fix damage to your Lancer resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like damaging your car on a curb, crashing into a building, colliding with a tree, sideswiping another vehicle and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.

Have money to burn

As you quote insurance, it’s not a good idea to sacrifice coverage to reduce premiums. There are too many instances where drivers have reduced liability coverage limits only to regret at claim time they didn’t have enough coverage. Your goal should be to find the BEST coverage for the lowest cost and still be able to protect your assets.

Cheaper 2009 Mitsubishi Lancer insurance can be bought both online and from local agencies, and you should compare rates from both to have the best rate selection. Some insurance companies may not provide the ability to get quotes online and many times these small insurance companies only sell through independent agents.

For more information, feel free to browse these articles:

• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• Drunk Driving Statistics (Insurance Information Insitute)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)
• Teen Driving Statistics (Geico)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)

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