Cheaper 2008 Mitsubishi Lancer Car Insurance Quotes

Sick and tired of paying out the nose each month for car insurance? You are no different than many other consumers.

Insurance companies such as Geico, Farmers Insurance and State Farm promote their brand names with TV and radio ads and consumers find it hard to ignore the propoganda and do the work needed to find the best deal.

Verify you’re getting all your discounts

Insurance can cost an arm and a leg, but there could be available discounts to cut the cost considerably. Certain discounts will be applied at the time of purchase, but a few must be requested specifically prior to getting the savings.

  • Drive Safe and Save – Insureds without accidents can pay as much as 50% less on Lancer coverage than their less cautious counterparts.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Mitsubishi can earn a substantially lower rate.
  • Seat Belt Usage – Drivers who require all occupants to use their safety belts can save up to 15% off the personal injury premium cost.
  • Early Switch Discount – Some companies give discounts for buying a policy prior to your current policy expiration. It’s a savings of about 10%.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.

It’s important to understand that most discount credits are not given to the overall cost of the policy. Most cut specific coverage prices like collision or personal injury protection. So despite the fact that it appears having all the discounts means you get insurance for free, you won’t be that lucky. Any amount of discount will bring down your premiums.

Companies that possibly offer these discounts include:

Double check with each insurance company what discounts are available to you. All car insurance discounts might not apply in every state.

Comparison of Auto Insurance

There are a lot of ways you can shop for auto insurance but there is one way that is more efficient than others. You could waste time talking about coverages with local insurance agents in your area, or you could use online quotes to get rates in a matter of minutes.

Most car insurance companies take part in a program where insurance shoppers send in one quote, and each participating company then gives them pricing for coverage. This saves time by eliminating repetitive form submissions to each individual auto insurance company. To find out how much you’re overpaying now click here to start a free quote.

The only downside to pricing coverage this way is you cannot specify the companies you want to price. If you would rather choose individual companies to receive pricing from, we have assembled a list of auto insurance companies in your area. Click here to view list.

However you get your quotes, make darn sure you compare identical coverage limits and deductibles for every company. If you use different limits and deductibles on each one it will be impossible to determine which rate is truly the best. Having just a slight variation in coverages may result in large price differences. It’s important to know that more quotes will improve the odds of getting lower pricing.

Factors that can influence insurance rates for a Mitsubishi Lancer

Consumers need to have an understanding of the rating factors that help determine your insurance coverage rates. Knowing what impacts premium levels allows you to make educated decisions that will entitle you to better insurance coverage rates.

The following are a few of the “ingredients” companies use to determine prices.

  • Optional equipment can affect rates – Purchasing a vehicle with a theft deterrent system can help bring down rates. Anti-theft features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping auto theft.
  • How many coverages with the same company – Some companies provide better rates to customers who carry more than one policy such as combining an auto and homeowners policy. Discounts can be anywhere from five to ten percent in most cases. Even with this discount, it’s in your best interest to shop around to make sure you are getting the best deal. Drivers may still find a better deal by splitting coverages up.
  • Don’t get talked into coverage you don’t need – There are a lot of additional coverages you can purchase if you aren’t careful. Coverages for roadside assistance, better glass coverage and membership fees are some examples. These coverages may sound good when you first buy your policy, but your needs may have changed so eliminate them to save money.
  • Being married is a good thing – Having a wife or husband actually saves money on insurance coverage. Marriage usually means you are more mature and it’s proven that drivers who are married are more cautious.
  • Small claims can cost you – If you file claims often, you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance companies generally give discounts to drivers who are claim-free. Auto insurance is intended for major claims that would cause financial hardship.
  • Your location affects your rates – Residing in a rural area can be a good thing when it comes to insurance coverage. Drivers in populated areas have much more traffic and longer commute times. Fewer people means fewer accidents as well as less vandalism and auto theft.

When should I talk to an agent?

When it comes to choosing coverage, there is no cookie cutter policy. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that can help discover whether you might need an agent’s assistance.

  • Does my insurance cover my expensive audio equipment?
  • When should my teen driver be added to my policy?
  • When can my company non-renew my policy?
  • How much underlying liability do I need for an umbrella policy?
  • Should I buy full coverage?
  • Do I need to file an SR-22 for a DUI in my state?
  • Why am I required to buy high-risk coverage?
  • Do I have coverage for damage caused while driving under the influence?
  • When do I need to add a new car to my policy?
  • How can I get my company to pay me more for my totalled car?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.

Insurance coverages 101

Understanding the coverages of insurance can be of help when determining the right coverages for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages found on the average insurance policy.

Collision – This coverage will pay to fix damage to your Lancer caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like hitting a parking meter, colliding with another moving vehicle, crashing into a building and sideswiping another vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.

Medical expense insurance – Medical payments and Personal Injury Protection insurance pay for bills like X-ray expenses, ambulance fees, rehabilitation expenses and pain medications. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers – Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Mitsubishi Lancer.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these limits are similar to your liability insurance amounts.

Liability coverages – Liability insurance protects you from damage or injury you incur to a person or their property. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like structural damage, bail bonds, funeral expenses, emergency aid and pain and suffering. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive (Other than Collision) – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, rock chips in glass, damage from a tornado or hurricane, hitting a deer and fire damage. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

More quotes. Lower rates.

Affordable 2008 Mitsubishi Lancer insurance is possible on the web as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance coverage companies don’t offer online price quotes and many times these small, regional companies only sell through independent insurance agents.

You just read a lot of information how to save on insurance. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. You may even discover the best prices are with an unexpected company. Some small companies can often insure niche markets at a lower cost compared to the large companies like Allstate or State Farm.

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