Save on 2004 Mitsubishi Lancer Sportback Insurance Cost

Want cheaper car insurance rates for your Mitsubishi Lancer Sportback? No one likes having to buy car insurance, especially when the cost is way too high. Insurance companies such as State Farm, Geico and Farmers Insurance continually bombard you with TV and radio ads and it is difficult to see past the corporate glitz and do the work needed to find the best deal.

Parts of the Mitsubishi Lancer Sportback rate equation

Consumers need to have an understanding of the rating factors that come into play when calculating the price you pay for auto insurance. Knowing what determines base rates helps enable you to make changes that can help you get lower auto insurance prices.

  • Where you live can impact rates – Choosing to live in small towns and rural areas is a positive aspect when talking about auto insurance. Urban drivers have to deal with more traffic problems and a longer drive to work. Fewer people means fewer accidents and also fewer theft and vandalism claims.
  • Cautious drivers pay less – Drivers with clean records tend to pay less for car insurance than people who have multiple driving citations. Even a single speeding ticket may increase your cost by as much as thirty percent. Drivers who have severe citations such as hit and run, DWI or reckless driving convictions may need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to drive a vehicle legally.
  • Where do you drive? – The more miles you rack up on your Mitsubishi in a year the higher your rate. Most insurance companies rate vehicles based upon how you use the vehicle. Cars and trucks used primarily for pleasure use receive lower rates compared to those used for work or business. Double check that your auto insurance policy properly reflects how each vehicle is driven, because improper ratings can cost you money. If your policy improperly rates your Lancer Sportback may be costing you.
  • High crash test scores lower rates – Safer cars tend to have better insurance rates. Safer cars result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims passed on to you as lower rates. If the Mitsubishi Lancer Sportback earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Being married is a good thing – Having a spouse actually saves money on your policy. It translates into being more responsible and it’s proven that married couples file fewer claims.

Lots of discounts mean lots of savings

Companies that sell car insurance don’t list all their discounts very well, so we took the time to find both well-publicized and also the lesser-known savings tricks you should be using. If you don’t get every credit you qualify for, you are throwing money away.

  • Employee of Federal Government – Active or retired federal employment may qualify you for a discount for Lancer Sportback insurance with a few insurance companies.
  • Life Insurance – Companies who offer life insurance give lower rates if you buy auto and life insurance together.
  • Drivers Education – Require your teen driver to successfully complete driver’s ed class if offered at their school.
  • Club Memberships – Belonging to certain professional organizations may earn a discount when buying insurance for Lancer Sportback insurance.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or automatic seat belts can receive discounts of 20% or more.

Drivers should understand that most of the big mark downs will not be given to the entire policy premium. Most only reduce the price of certain insurance coverages like comprehensive or collision. So when it seems like all those discounts means the company will pay you, it doesn’t quite work that way.

For a list of insurers with discount insurance rates, follow this link.

Save $456 a year? Really?

Consumers constantly see and hear ads for the lowest price auto insurance from the likes of State Farm, Geico and Progressive. All the ads say the same thing of big savings if you switch your coverage to them.

But how can every company make the same claim? This is how they do it.

Insurance companies can use profiling for the type of driver that makes them money. For instance, a preferred risk could possibly be a mature driver, has no driving citations, and drives less than 7,500 miles a year. Any new insured who meets those qualifications will get very good rates and is almost guaranteed to cut their rates substantially.

Consumers who do not match these standards will be charged a more expensive rate which leads to the driver buying from a lower-cost company. The ad wording is “customers that switch” not “people who quote” save that kind of money. That is how insurance companies can confidently make those claims. That is why drivers should get as many quotes as possible. It’s impossible to know the company that will give you the biggest savings on Mitsubishi Lancer Sportback insurance.

Situations that might require an agent

When buying proper insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Each situation is unique and your policy should reflect that. For example, these questions can help discover whether your personal situation could use an agent’s help.

  • Who is covered when they drive my 2004 Mitsubishi Lancer Sportback?
  • Does coverage extend to Mexico or Canada?
  • Do I need motorclub coverage?
  • Am I covered if I hit a deer?
  • Does liability extend to a camper or trailer?
  • What discounts do I qualify for?
  • Is business equipment covered while in my vehicle?
  • Can my teen drive my company car?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If you can’t answer these questions, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Insurance coverages 101

Having a good grasp of your insurance policy aids in choosing appropriate coverage for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverage types found on the average insurance policy.

Comprehensive protection – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hitting a bird, damage from flooding, hitting a deer, damage from getting keyed and falling objects. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like surgery, chiropractic care, dental work and hospital visits. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Collision coverage – Collision insurance covers damage to your Lancer Sportback from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as hitting a mailbox, rolling your car, colliding with another moving vehicle, driving through your garage door and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Liability car insurance – Liability coverage can cover damage that occurs to other people or property by causing an accident. This coverage protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things like repair costs for stationary objects, attorney fees and funeral expenses. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Affordable insurance is out there

We just covered a lot of information how to compare 2004 Mitsubishi Lancer Sportback insurance prices online. The key thing to remember is the more providers you compare, the higher your chance of finding lower rates. You may even discover the lowest premiums are with the smaller companies. Regional companies often have lower prices on specific markets than their larger competitors like Progressive and Geico.

Cost effective insurance can be sourced online and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies may not provide online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

When trying to cut insurance costs, you should never buy poor coverage just to save money. There are a lot of situations where an insured dropped liability limits or collision coverage to discover at claim time that it was a big mistake. Your goal should be to get the best coverage possible at the best price, not the least amount of coverage.

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