Best Ways to Spend Less When Comparing Mitsubishi Lancer Insurance

Shoppers have options when shopping for the lowest priced Mitsubishi Lancer insurance. They can either spend hours driving around getting price quotes or leverage the internet to find the lowest rates. There is a better way to compare auto insurance rates and we’ll show you the absolute fastest way to compare rates for your Mitsubishi and get the lowest price from local insurance agents and online providers.

Consumers need to price shop coverage yearly due to the fact that insurance rates are adjusted regularly by insurance companies. If you had the lowest price for Lancer coverage a few years ago you will most likely find a better rate today. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to one of the quickest ways to save money, get proper deductibles and limits, all at the lowest rate.

Finding affordable coverage is easy if you know what you’re doing. If you are paying for car insurance now, you will most likely be able to cut costs considerably using these tips. Consumers just need to understand the most efficient way to get comparison rates on the web.

These discounts can slash auto insurance rates

Auto insurance companies don’t necessarily list every available discount in a way that’s easy to find, so we researched some of the more common as well as the least known ways to save on auto insurance. If you aren’t receiving every discount you deserve, you’re paying more than you need to.

Pay Now and Pay Less – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
No Accidents – Good drivers with no accidents pay much less as compared to bad drivers.
Good Student – Performing well in school can be rewarded with saving of up to 25%. Earning this discount can benefit you until age 25.
Sign Early and Save – A few companies offer discounts for signing up before your current expiration date. It can save you around 10%.
Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt could save 15% on the medical payments or PIP coverage costs.
Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less for Lancer coverage than drivers with accident claims.
Drive Less and Save – Fewer annual miles on your Mitsubishi could be rewarded with discounted rates on garaged vehicles.
No Charge for an Accident – Certain companies permit an accident before hitting you with a surcharge as long as you don’t have any claims for a particular time prior to the accident.

It’s important to note that most discount credits are not given to the overall cost of the policy. Most only cut individual premiums such as physical damage coverage or medical payments. Just because you may think it’s possible to get free car insurance, companies wouldn’t make money that way.

Factors influencing Mitsubishi Lancer insurance rates

Consumers need to have an understanding of the different types of things that go into determining auto insurance rates. Knowing what influences your rates empowers consumers to make smart changes that can help you get much lower annual insurance costs.

Listed below are a few of the “ingredients” used by your company to calculate your rates.

Tickets mean higher rates – Drivers who don’t get tickets receive lower rates than bad drivers. Even a single moving violation can bump up the cost twenty percent or more. Drivers with serious tickets like DUI or reckless driving are required to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to continue driving.
Frequent auto insurance claims increase rates – Companies generally give discounts to people who do not file claims often. If you are a frequent claim filer, you can definitely plan on either a policy non-renewal or much higher rates. Insurance coverage is intended to be relied upon for larger claims.
Type of vehicle determines base rates – The make and model of the vehicle you own makes a huge difference in your rates. Since the Mitsubishi Lancer falls in the sedan class, insuring your vehicle will cost about the same compared to average rates. Low performance passenger cars usually have the lowest rates, but there are many factors that impact the final cost.
Safe vehicles cost less to insure – Safer cars get lower rates. Safe vehicles result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims and thus lower rates. If the Mitsubishi Lancer earned at least 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.
Liability coverage is peace of mind – Your policy’s liability coverage provides coverage if a court rules you are at fault for personal injury or accident damage. It provides you with a defense in court which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
Never go without insurance – Allowing your auto insurance policy to lapse is a sure-fire way to pay more for auto insurance. And not only will your rates increase, but not being able to provide proof of insurance will get you a hefty fine and possibly a revoked license.

It’s not one size fits all

When it comes to choosing coverage, there isn’t really a cookie cutter policy. Every situation is different.

Here are some questions about coverages that can help discover if you might need an agent’s assistance. auto insurance

Do I have coverage for damage caused while driving under the influence?
What discounts do I qualify for?
Do I need medical payments coverage since I have good health insurance?
Am I covered if I wreck a rental car?
Am I covered by my employer’s commercial auto policy when driving my personal car for business?
Will I be non-renewed for getting a DUI or other conviction?
What can I do if my company denied a claim?
Why does it cost so much to insure a teen driver?
Do I have coverage when pulling a U-Haul trailer?
Should I sign the liability waiver when renting a car?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, take a second and complete this form. It is quick, free and can help protect your family.

Comparing rates from local agents

Some consumers prefer to sit down with an agent and that is just fine! Good agents can help determine the best coverages and help submit paperwork. The best thing about comparing rates online is the fact that you can find the lowest rates and still have an agent to talk to.

Once you complete this simple form, your information is emailed to local insurance agents who will battle for your coverage. There is no reason to visit any agencies because quoted prices will be sent to your email. How’s that for easy!

Selecting an provider needs to be determined by more than just a cheap price. These questions are important to ask:

Are they properly licensed to sell insurance in your state?
Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
Are there any hidden costs in their price quote and does it include driving and credit history?
How are claims handled?
Are claim adjusters local or do you have to take your car somewhere else?
Do they make recommendations based only on price?
Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
If you are a high risk driver, do they have special markets for your coverage?

What types of insurance agents are there?

When looking for a reputable insurance agent or broker, you need to know there are two different agency structures from which to choose. Agencies can either be independent (non-captive) or captive. Either one can insure your vehicles, but it’s good to learn how they are different because it can influence your agent selection.

Agency Captives

Captive agencies have only one company to place business with like American Family, Liberty Mutual and AAA. They generally cannot place coverage with different providers so they have to upsell other benefits. Captive agents are trained well on the products they sell which helps them sell insurance even at higher premiums. Some consumers prefer to buy insurance from these agents primarily because of high brand loyalty and the convenience of having all coverages with one company.

Independent Agents

Independent agencies are not locked into one company but instead can place your coverage amongst many companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, they simply move the coverage in-house and that require little work on your part.

When searching for an agent, you should always include at a minimum one independent agency to get the best comparison.Many can place coverage with lesser-known insurance companies who may have lower rates.

For a full directory of agents, click here.

After getting satisfactory answers to these questions and a good coverage price, you have narrowed it down to an insurance agency that meets your needs to service your policy.

Keep this in mind

Affordable Mitsubishi Lancer insurance is attainable on the web as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies don’t offer online price quotes and most of the time these smaller companies sell through independent agents.

As you go through the steps to switch your coverage, never reduce coverage to reduce premium. In too many instances, consumers will sacrifice uninsured motorist or liability limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy a smart amount of coverage for the lowest price while still protecting your assets.

Drivers switch companies for any number of reasons including denial of a claim, policy non-renewal, policy cancellation or being labeled a high risk driver. No matter why you want to switch, finding a new auto insurance company is easier than you think.