2012 Mitsubishi Lancer Insurance Quotes – 8 Tips to Save

Looking for the cheapest auto insurance rates for your Mitsubishi Lancer? Are you sick and tired of robbing Peter to pay Paul to buy car insurance? You’re in the same situation as many other drivers.

Since consumers have many choices, it is hard for the average consumer to locate the best car insurance company.

Don’t miss these eight discounts

The cost of insuring your cars can be expensive, but there could be available discounts that many people don’t even know exist. Most are applied when you get a quote, but less common discounts must be manually applied before you will receive the discount.

  • Fewer Miles Equal More Savings – Fewer annual miles on your Mitsubishi can earn a substantially lower rate.
  • Lower Rates for Military – Being on active duty in the military can result in better rates.
  • Homeowners Discount – Being a homeowner may trigger a insurance coverage policy discount due to the fact that maintaining a home requires personal responsibility.
  • Defensive Driver – Taking a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.
  • Student in College – Any of your kids living away from home attending college without a vehicle on campus can receive lower rates.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can reduce accidents and will save you 10% or more.
  • Government Employees – Being employed by or retired from a federal job could cut as much as 10% off on Lancer coverage with certain companies.
  • Pay Now and Pay Less – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.

Keep in mind that some credits don’t apply to the entire cost. The majority will only reduce individual premiums such as liability and collision coverage. So despite the fact that it appears all the discounts add up to a free policy, companies don’t profit that way. Any amount of discount will help reduce the amount you have to pay.

To see a list of companies with discount insurance coverage rates, follow this link.

When might I need help?

When it comes to buying the best insurance coverage, there really is not a best way to insure your cars. Each situation is unique so your insurance should reflect that Here are some questions about coverages that can help discover whether your personal situation may require specific advice.

  • Is my camper covered by my car insurance policy?
  • Which is better, split liability limits or combined limits?
  • How many claims can I have before being cancelled?
  • Am I covered when driving a rental car?
  • I have a DUI can I still get coverage?
  • When does my teenage driver need to be added to my policy?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier

Is there truth in advertising?

Insurance coverage companies such as 21st Century, Allstate and State Farm consistently run ads on TV and radio. They all seem to say the same thing that you’ll save big if you change your coverage to them. How does each company make the same claim?

All companies can use profiling for the type of customer they prefer to insure. A good example of a driver they prefer could possibly be over the age of 50, has no prior claims, and has a short commute. Any new insured who matches those parameters will get very good rates and as a result will probably pay quite a bit less when switching companies.

Drivers who don’t measure up to these standards will be quoted a higher premium which leads to the customer not buying. The ad wording is “customers who switch” not “everybody who quotes” save that kind of money. That’s the way companies can truthfully advertise the way they do.

This emphasizes why you absolutely need to get as many comparisons as possible. It’s not possible to predict the company that will have the lowest Mitsubishi Lancer insurance rates.

Auto insurance coverages explained

Understanding the coverages of a auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages offered by auto insurance companies.

Coverage for collisions

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as backing into a parked car, sideswiping another vehicle, colliding with another moving vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Liability auto insurance

This coverage provides protection from damage or injury you incur to people or other property by causing an accident. It protects you from legal claims by others, and does not provide coverage for 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. As an example, you may have values of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like legal defense fees, pain and suffering, emergency aid, court costs and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive (Other than Collision)

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things like rock chips in glass, hitting a bird, vandalism, theft and damage from flooding. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical expense insurance

Coverage for medical payments and/or PIP provide coverage for bills for dental work, prosthetic devices, hospital visits and X-ray expenses. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers

This gives you protection when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Mitsubishi Lancer.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently these coverages are set the same as your liablity limits.

Shop smart and save

Low-cost 2012 Mitsubishi Lancer insurance can be bought online as well as from independent agents, so you should be comparing quotes from both to have the best selection. Some companies don’t offer online price quotes and many times these smaller companies only sell through independent insurance agents.

In this article, we covered a lot of information how to reduce insurance prices online. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding lower rates. You may even discover the best prices are with some of the lesser-known companies. Regional companies may often insure only within specific states and give getter rates than their larger competitors like Progressive and Geico.

Much more information about insurance is available at these links: