How Much Does 2017 Mitsubishi Lancer Car Insurance Cost?

I can’t think of a single person who likes having to buy insurance coverage, especially when the cost is way too high.

Popular companies such as Geico, 21st Century and Progressive increase brand awareness with advertising and consumers find it hard to ignore the flying pigs and cute green geckos and find the best price available.

It is always a good idea to compare rates before your policy renews since insurance prices go up and down regularly. If you had the best quotes for Lancer coverage last year you may be paying too much now. Forget all the misinformation about insurance coverage because we’re going to demonstrate the fastest way to buy cheaper insurance coverage.

How to get free insurance coverage quotes online

When looking for cheaper insurance coverage quotes, there are a couple ways to obtain and compare prices from local insurance coverage companies. By far the easiest way to compare Mitsubishi Lancer insurance prices is to get quotes online. This can be accomplished in a couple minutes as outlined below.

  • The most efficient method consumers can make multiple comparisons is to use a rate comparison form like this one (opens in new window). This quick form prevents you from having to do separate quotes for each company. Taking the time to complete one form gets you price quotes from all major companies.
  • A more time consuming way to find lower rates requires a trip to the website for every company you want to comare and fill out their own quote form. For example, let’s assume you want to get rates from Nationwide, Allstate and Progressive. To find out each rate you need to spend time going to each site individually and enter your information, which is why the first method is quicker.

    To view a list of companies in your area, click here.

  • Even if you have time, the least recommended method to comparison shop to local insurance agencies. The ability to get quotes online eliminates this option unless you have a need for the personal advice that can only be provided by a licensed insurance agent. However, consumers can get the lowest quotes online but purchase the actual policy in an agency.

You can choose any of those ways to find more affodable coverage, but ensure you’re using exactly the same quote information for every company. If the quotes have different liability limits it will be next to impossible to determine the lowest rate for your Mitsubishi Lancer. Even a minor difference in insurance coverages or limits may result in large price differences. And when comparing insurance coverage rates, know that comparing a wide range of rates increases the change that you will find a better price.

Verify you’re getting every discount

Companies that sell car insurance do not list every available discount very well, so the list below contains both well-publicized and also the lesser-known credits that may apply to you.

  • Defensive Driving Course – Taking part in a safe driver course could possibly earn you a 5% discount depending on where you live.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a lower premium rate if you buy a life policy as well.
  • Anti-theft System – Cars with anti-theft systems are less likely to be stolen and earn discounts up to 10% off your insurance coverage quote.
  • Bundled Policy Discount – If you combine your homeowners and auto policies with the same company you will save nearly 15% which can help you find low cost insurance coverage.
  • Early Switch Discount – A few insurance companies allow discounts for switching to them before your current coverage expires. It could save around 10% when you buy insurance coverage online.
  • Accident Forgiveness – This isn’t a discount exactly, but certain companies allow you one accident before your rates go up as long as you don’t have any claims for a set time period.
  • Discount for Passive Restraints – Factory options such as air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • No Claim Discounts – Insureds who avoid accidents and claims can save substantially in comparison with frequent claim filers.
  • Distant College Student Discount – Children who live away from home to go to college and don’t have a car may qualify for this discount.
  • Sign Online – A few larger companies will discount your bill up to fifty bucks for buying your policy over the internet.

Keep in mind that some credits don’t apply to all coverage premiums. Most only cut the price of certain insurance coverages like comprehensive or collision. So when the math indicates you could get a free insurance policy, you aren’t that lucky.

Large insurance companies and some of their more popular discounts include:

  • State Farm offers discounts for Drive Safe & Save, multiple autos, Steer Clear safe driver discount, driver’s education, anti-theft, and safe vehicle.
  • Geico offers discounts including emergency military deployment, anti-theft, anti-lock brakes, membership and employees, and defensive driver.
  • Progressive discounts include homeowner, good student, continuous coverage, online signing, and multi-policy.
  • 21st Century includes discounts for defensive driver, student driver, anti-lock brakes, homeowners, and early bird.
  • American Family has discounts for mySafetyValet, bundled insurance, multi-vehicle, good driver, accident-free, and Steer into Savings.
  • The Hartford may have discounts that include good student, driver training, anti-theft, bundle, defensive driver, and vehicle fuel type.
  • AAA may include discounts for pay-in-full, AAA membership discount, multi-car, anti-theft, multi-policy, good student, and education and occupation.

Before you buy a policy, ask every prospective company to give you their best rates. Some discounts may not apply to policyholders in your area. To locate providers with significant discounts, click this link.

Insurance costs are influenced by these factors

Many things are used in the calculation when pricing auto insurance. Some are obvious such as traffic violations, but others are more transparent like your vehicle usage or your commute time.The best way to find cheaper auto insurance is to take a look at the different types of things that help calculate your premiums. When you understand what determines base rates, this allows you to make good choices that could help you find lower auto insurance prices.

  • Bad drivers pay high rates – Having a clean driving record impacts premiums far more than you think. Getting just one speeding ticket can boost insurance rates by twenty percent. Careful drivers pay less for auto insurance than their less careful counterparts. Drivers with flagrant violations such as DUI or reckless driving may be required to maintain a SR-22 with their state’s licensing department in order to legally drive a vehicle.
  • Vehicle options can affect auto insurance rates – Selecting a car model that has an advanced theft prevention system can help lower your rates. Anti-theft devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop your vehicle from being stolen.
  • More policies can equal more savings – Most larger insurance companies apply a discount to policyholders that purchase more than one policy, otherwise known as a multi-policy discount. The discount can be ten percent or more. Even if you qualify for this discount already, you may still want to compare other company rates to guarantee you are still saving the most.There is a good possibility that you can save even more than the discount even if you have your coverage with different companies
  • Add-on coverages that aren’t used – There are a lot of additional coverages that can waste your money on your 2017 Lancer policy. Add-on coverages like rental car reimbursement, better glass coverage, and additional equipment coverage could be just wasting money. The coverages may be enticing initially, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Save miles driven and save money – The more miles you rack up on your Mitsubishi annually the higher your rate. The majority of insurers price each vehicle’s coverage based on how the vehicle is used. Autos left parked in the garage receive lower rates than cars that get driven a lot. A policy that improperly rates your Lancer may be wasting your money. Ask your agent if your vehicle rating correctly shows annual mileage.
  • Be proud to be claim-free – Companies award discounts to policyholders who do not file claims often. If you are a frequent claim filer, you can expect higher rates. Auto insurance is designed for more catestrophic claims.
  • Where you call home plays a part – Living in a small town can save you money when talking about auto insurance. Fewer drivers means fewer accidents in addition to lower liability claims Drivers who live in large cities regularly have much more traffic and more severe claims. More time commuting means a statistically higher chance of an accident.
  • Raising physical damage deductibles lowers costs – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Mitsubishi. A few examples of covered claims are a dented fender, hail damage, or theft. Deductibles for physical damage define the amount the insured will be required to pay before a claim is paid by your company. The more damage repair cost you pay before a claim is paid (deductible), the better rate you will receive for Lancer coverage.

When should I discuss my situation with an agent?

When it comes to choosing coverage, there really is not a perfect coverage plan. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that might help in determining whether or not you might need an agent’s assistance.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Is a fancy paint job covered?
  • Am I covered if I crash into my own garage door?
  • Am I insured when driving a different vehicle?
  • Does liability extend to a camper or trailer?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is upholstery damage covered by car insurance?
  • Where can I find DUI or SR-22 insurance?
  • Am I covered when using my vehicle for business?
  • I have good health insurance, so how much medical payments coverage do I need?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Specific coverage details

Learning about specific coverages of a insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages available from insurance companies.

Collision coverage protection

This will pay to fix damage to your Lancer resulting from a collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like driving through your garage door, damaging your car on a curb, colliding with a tree and crashing into a building. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Liability coverage

Liability insurance protects you from damages or injuries you inflict on a person or their property by causing an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability can pay for things like loss of income, bail bonds, repair bills for other people’s vehicles, attorney fees and pain and suffering. The amount of liability coverage you purchase is up to you, but consider buying higher limits if possible.

UM/UIM Coverage

This provides protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mitsubishi Lancer.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as hitting a deer, rock chips in glass and hail damage. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for surgery, pain medications, rehabilitation expenses and nursing services. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Best coverage at the best price

Lower-priced 2017 Mitsubishi Lancer insurance can be sourced from both online companies and from local agencies, so get free insurance coverage quotes from both of them in order to have the best price selection to choose from. There are still a few companies who may not offer price quotes online and usually these small, regional companies sell through independent insurance agencies.

As you go through the steps to switch your coverage, you should never reduce coverage to reduce premium. In too many instances, someone sacrificed uninsured motorist or liability limits to discover at claim time that the small savings ended up costing them much more. The ultimate goal is to get the best coverage possible for the lowest cost, but do not sacrifice coverage to save money.

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