How Much Does 2016 Mitsubishi Lancer Insurance Cost?

Searching for cheaper insurance for a Mitsubishi Lancer can normally be an all-consuming task, but you can use our car insurance buying tips to save time. There is a better way to find car insurance online so we’re going to tell you the quickest way to quote coverages for your Mitsubishi and get the lowest price from local insurance agents and online providers.

You should take the time to check car insurance prices occasionally because prices change regularly. Just because you found the lowest rates for Lancer insurance a year ago you can probably find a better rate quote now. There are lots of tips to save on car insurance online but in a few minutes you can learn the best ways to stop overpaying for insurance.

Choices you make can impact your insurance prices

Many different elements are part of the calculation when you quote your car insurance policy. Most are fairly basic such as traffic violations, but some are more obscure such as your marital status or how financially stable you are.

• Rental and towing coverage may not be needed – Insurance policies have a lot of extra coverages you can purchase when buying car insurance. Coverages like personal injury protection, better glass coverage, and extra life insurance coverage are probably not needed. They may seem good when buying your policy, but your money might be better spent on other coverage so eliminate them to save money.
• Prices and your address – Having an address in areas with lower population is a good thing when buying car insurance. Drivers in populated areas tend to have more road rage incidents and more severe claims. Fewer drivers on the road means a lower chance of having an accident in addition to lower liability claims
• Driving citations mean higher premiums – Getting just one speeding ticket could increase your next policy renewal substantially. Attentive drivers have lower premiums than their less careful counterparts. Drivers who have severe citations like DUI or reckless driving may be required to file a SR-22 with the DMV in their state in order to keep their license.
• The higher your credit score the lower your rates – A driver’s credit score is likely to be a major factor in determining what you pay. Consumers who have very good credit scores tend to file fewer claims as compared to drivers with poor credit. If your credit can be improved, you could potentially save money when insuring your 2016 Mitsubishi Lancer if you clean up your credit.
• Combine and save – Most insurance companies give discounts to insureds that have more than one policy, otherwise known as a multi-policy discount. The discount can add up to five, ten or even twenty percent. Even with this discount applied, it’s still a good idea to compare other company rates to ensure the best deal.
• Reduce rates by driving safer cars – Safer cars are cheaper to insure. Vehicles engineered for safety reduce occupant injuries and reduced instances of injuries translates into savings for insurance companies which can result in lower premiums. If the Mitsubishi Lancer earned at least four stars on Safercar.gov it may cost less to insure.
• Get hitched and pay lower rates – Getting married actually saves money compared to being single. It may mean you are more mature than a single person and it’s proven that drivers who are married file infrequent claims.

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Auto insurance discounts help reduce rates

Car insurance companies don’t necessarily list the complete list of policy discounts in an easy-to-find place, so the following is a list of a few of the more common as well as some of the hidden discounts you could be receiving when you buy auto insurance online.

• Driving Data Discount – Drivers that enable driving data submission to track driving habits by using a telematic data system such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts as long as the data is positive.
• Multi-policy Discount – If you can combine your homeowners and auto policy with one company you could earn a discount of nearly 15% which can help you find inexpensive auto insurance.
• Own a Home – Just owning your own home can save you money since owning and maintaining a home requires personal responsibility.
• Good Student – Getting good grades could provide a savings of up to 20% or more. You can use this discount normally until age 25.
• Drivers Ed for Students – Teen drivers should complete a driver education course in school.
• Full Payment Discount – If you pay your bill all at once instead of paying each month you may have a lower total premium amount.

As a sidenote, most of the big mark downs will not be given the the whole policy. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Even though it may seem like it’s possible to get free car insurance, you’re out of luck.

Larger auto insurance companies and the discounts they provide are included below.

• State Farm offers premium reductions for student away at school, safe vehicle, defensive driving training, anti-theft, Steer Clear safe driver discount, and multiple policy.
• Farmers Insurance may include discounts for good student, distant student, homeowner, electronic funds transfer, bundle discounts, and switch companies.
• Progressive discounts include good student, multi-policy, online quote discount, continuous coverage, and online signing.
• Geico may have discounts that include air bags, good student, multi-vehicle, anti-theft, seat belt use, daytime running lights, and five-year accident-free.
• Auto-Owners Insurance policyholders can earn discounts including safe driver, student away at school, safe vehicle, paid in full, anti-lock brakes, good student, and anti-theft.
• The Hartford includes discounts for bundle, defensive driver, vehicle fuel type, driver training, good student, anti-theft, and air bag.
• Farm Bureau offers discounts for renewal discount, multi-policy, safe driver, youthful driver, and driver training.
• USAA has savings for loyalty savings, annual mileage, multi-vehicle, family discount, safe driver, new vehicle, and military installation.

When getting a coverage quote, ask every insurance company to give you their best rates. Some discounts listed above may not apply to policies in your state. For a list of providers offering auto insurance discounts, click here.

Don’t listen to company ads

Consumers get pounded daily by advertisements for auto insurance savings by State Farm, Geico and Progressive. All the companies seem to make the promise about saving some big amount just by switching to them.

That’s great but how can every company offer you a better deal? It’s all in the wording.

Insurance providers provide the lowest rates for a prospective insured that is profitable for them. An example of a desirable insured could be between 30 and 50, has no prior claims, and has great credit. Anyone who meets those qualifications will get low car insurance rates and as a result will probably save money with a new company.

Potential customers who fall outside the requirements will probably have to pay more expensive rates which usually ends up with the prospect going elsewhere. Company advertisements say “people who switch” but not “all drivers who get quotes” save the amount stated. That’s the way companies can truthfully make it sound like they have such great car insurance rates. That is why you really should do a rate comparison at every renewal. Because you never know which insurance companies will have the lowest rates for your situation.

Which is the best car insurance?

When choosing adequate coverage for your vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

These are some specific questions might point out whether or not you might need professional guidance.

• Does coverage extend to Mexico or Canada?
• Do I need replacement cost coverage?
• I have health insurance so do I need medical payments coverage?
• Can I afford to pay high deductible claims out of pocket?
• Can my teen driver be rated on a liability-only vehicle?
• What should my uninsured motorist coverage limits be in my state?
• Is my vehicle covered by my employer’s policy when using it for work?
• Am I covered if I hit my neighbor’s mailbox?
• Do I have coverage when making deliveries for my home business?
• Will my rates increase for filing one claim?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can help protect your family.

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Learn about car insurance coverages for a 2016 Mitsubishi Lancer

Understanding the coverages of your car insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Car insurance terms can be confusing and coverage can change by endorsement.

Comprehensive car insurance

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

Comprehensive can pay for things such as a broken windshield, theft and hitting a deer. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for liability

This coverage provides protection from injuries or damage you cause to people or other property. It protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for claims like medical services, repair bills for other people’s vehicles, repair costs for stationary objects, emergency aid and structural damage. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

Collision coverage

This covers damage to your Lancer from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as sustaining damage from a pot hole, damaging your car on a curb, scraping a guard rail and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for bills such as surgery, X-ray expenses and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

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. It can pay for hospital bills for your injuries as well as damage to your Mitsubishi Lancer.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

A tidy conclusion

We covered a lot of ways to compare 2016 Mitsubishi Lancer insurance prices online. The key concept to understand is the more you quote auto insurance, the better chance you’ll have of finding inexpensive auto insurance. Consumers could even find that the biggest savings come from a small mutual company.

Cheap 2016 Mitsubishi Lancer insurance is possible online as well as from insurance agents, so you need to quote auto insurance with both in order to have the best price selection to choose from. Some insurance companies do not provide online quoting and usually these small, regional companies work with independent agents.

When searching for cheaper auto insurance quotes, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many instances, someone dropped liability limits or collision coverage to discover at claim time that the small savings ended up costing them much more. Your strategy should be to get the best coverage possible for the lowest price, but do not skimp to save money.

For more information, feel free to browse the articles below:

• All About Airbag Safety (State Farm)
• Alcohol Impaired Driving FAQ (iihs.org)
• State Laws for Cellphones and Texting (iihs.org)
• Tools for Teen Driving Safety (State Farm)

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