2016 Mitsubishi Lancer Insurance Quotes – 6 Savings Tips

Buyers have options when searching for the lowest priced Mitsubishi Lancer insurance. You can either spend your time driving around trying to get quotes or leverage the internet to make rate comparisons. There is a better way to compare insurance rates so we’re going to tell you the absolute fastest way to price shop coverage for a new or used Mitsubishi and get the lowest possible price from local insurance agents and online providers.

Consumers should take time to compare rates on a regular basis because prices go up and down regularly. If you had the best quotes for Lancer insurance last year there is a good chance you can find better rates now. Ignore everything you know about insurance because you’re going to learn the best way to save on insurance.

More discounts mean cheap premiums

Properly insuring your vehicles can get expensive, but you may find discounts that may help make it more affordable. Certain reductions will be credited at quote time, but occassionally some discounts must be inquired about before they will apply.

  • Senior Citizen Rates – Drivers over the age of 55 can possibly qualify for a slight reduction on a auto insurance quote for Lancer insurance.
  • Seat Belts Save – Drivers who always wear seat belts and also require passengers to buckle up before driving can save up to 15% off the PIP or medical payment premium.
  • Accident Free – Drivers who stay claim-free pay less as compared to accident-prone drivers.
  • Federal Employees – Federal government employees may reduce rates when you quote auto insurance for Lancer insurance depending on your company.
  • Discount for Multiple Policies – When you combine your auto and homeowners insurance with one company you may earn up to 20% off your total premium.
  • Savings for New Vehicles – Insuring a new car can save you some money because newer vehicles keep occupants safer.

A little disclaimer on discounts, most discounts do not apply to all coverage premiums. Most only cut individual premiums such as comprehensive or collision. Despite the appearance that having all the discounts means you get insurance for free, companies don’t profit that way. But all discounts will positively reduce the cost of coverage.

Popular auto insurance companies and a selection of discounts can be found below.

  • State Farm policyholders can earn discounts including student away at school, good driver, Drive Safe & Save, multiple policy, and passive restraint.
  • Progressive discounts include homeowner, multi-vehicle, online quote discount, online signing, and continuous coverage.
  • Travelers has savings for student away at school, good student, IntelliDrive, multi-car, early quote, hybrid/electric vehicle, and new car.
  • American Family may have discounts that include defensive driver, multi-vehicle, TimeAway discount, bundled insurance, Steer into Savings, mySafetyValet, and accident-free.
  • Liberty Mutual offers premium reductions for newly married, teen driver discount, newly retired, new move discount, safety features, and new vehicle discount.

If you are trying to find inexpensive auto insurance quotes, ask every insurance company which discounts they offer. Some credits might not apply in your area. For a list of insurers that can offer you the previously mentioned discounts, click here.

It’s not one size fits all

When buying coverage, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help highlight if your situation would benefit from professional advice.

  • Am I getting all the discounts available?
  • Can I rate high risk drivers on liability-only vehicles?
  • Is a blown tire covered by insurance?
  • Are rock chip repairs covered?
  • How can I find cheaper teen driver insurance?
  • Is my state a no-fault state?
  • What is medical payments coverage?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form. It only takes a few minutes and may give you better protection.

Advertising myths

Consumers can’t avoid all the ads for cheaper car insurance from the likes of Progressive, Allstate and Geico. They all state the claim that you can save after switching your car insurance policy to them.

Is it even possible that every company can say the same thing? It’s all in the words they use.

Different companies require specific criteria for the driver that will generate a profit. An example of a desirable insured might have to be between 30 and 50, is a homeowner, and drives less than 7,500 miles a year. A propective insured who fits that profile will get a cheap rate quote and most likely will save a lot if they switch.

People who do not match those standards will probably have to pay higher premium rates and the customer buying from a different company. If you pay close attention to the ads, they say “drivers who switch” but not “everyone who gets a quote” save that kind of money. This is how companies can truthfully make those statements. This really illustrates why you really need to compare as many free auto insurance quotes as you can. It’s impossible to know which company will have the lowest rate quotes.

Car insurance coverages for a Mitsubishi Lancer

Understanding the coverages of your insurance policy helps when choosing the best coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and nobody wants to actually read their policy.

Coverage for medical expenses

Coverage for medical payments and/or PIP kick in for short-term medical expenses for doctor visits, funeral costs, rehabilitation expenses, pain medications and hospital visits. They are often used to cover expenses not covered by 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 an option in every state but it provides additional coverages not offered by medical payments coverage

Collision protection

Collision coverage covers damage to your Lancer resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as damaging your car on a curb, rolling your car, sustaining damage from a pot hole, driving through your garage door and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and damage to your 2016 Mitsubishi Lancer.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Comprehensive insurance

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like hail damage, hitting a bird, hitting a deer, a broken windshield and rock chips in glass. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability car insurance

Liability insurance can cover injuries or damage you cause to a person or their property. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against claims such as loss of income, structural damage, funeral expenses, medical expenses and legal defense fees. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.

At the end of the day…

In this article, we covered some good ideas how to compare 2016 Mitsubishi Lancer insurance prices online. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. Drivers may discover the lowest prices come from some of the lesser-known companies.

Low-cost 2016 Mitsubishi Lancer insurance is definitely available online and from local agencies, so you need to shop auto insurance with both in order to have the best price selection to choose from. A few companies may not provide online price quotes and usually these smaller companies provide coverage only through independent insurance agencies.

Consumers change insurance companies for many reasons like poor customer service, extreme rates for teen drivers, delays in responding to claim requests or lack of trust in their agent. Regardless of your reason for switching companies, finding a new company is easier than you think.

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