Cheap 2013 Mitsubishi Lancer Car Insurance Cost

Want the cheapest insurance rates? Drivers have a choice when trying to find low-cost Mitsubishi Lancer insurance. You can either waste hours calling around to compare prices or use the internet to get rate quotes.

There are more efficient ways to compare insurance rates and you need to know the proper way to price shop coverage for a Mitsubishi and find the cheapest rates from both online companies and local agents.

Discounts mean cheaper 2013 Mitsubishi Lancer insurance rates

Insurance can cost an arm and a leg, but there could be available discounts that many people don’t even know exist. Most are applied at quote time, but some may not be applied and must be requested specifically before you get the savings. If they aren’t giving you every credit available, you are paying more than you should be.

  • Federal Employees – Active or retired federal employment could cut as much as 10% off on Lancer insurance with select insurance companies.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if offered at their school.
  • Pay Upfront and Save – If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
  • Good Student – Getting good grades can save 20 to 25%. This discount can apply until age 25.
  • New Car Discount – Buying coverage on a new vehicle can cost up to 25% less compared to insuring an older model.

A little note about advertised discounts, most discounts do not apply to your bottom line cost. Most only apply to the cost of specific coverages such as comprehensive or collision. So when it seems like having all the discounts means you get insurance for free, you won’t be that lucky. Any qualifying discounts will cut your premiums.

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

Why your Mitsubishi Lancer might be costing you more

An important part of buying insurance is that you know the factors that help determine the price you pay for insurance coverage. Understanding what impacts premium levels enables informed choices that can help you get much lower annual insurance costs.

The following are a few of the “ingredients” insurance coverage companies consider when setting your rates.

  • Occupation reflects on rates – Occupations such as lawyers, architects and dentists tend to have the highest average rates attributed to high stress and long work hours. Other professions such as pilots, historians and the unemployed receive lower rates on Lancer insurance.
  • Don’t cancel a policy without a new one in place – Allowing your coverage to lapse will be a guaranteed way to trigger a rate increase. Not only will you pay more, failure to provide proof of insurance will get you a license revocation or jail time.You may then be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • Better crash test results mean better rates – Vehicles with high crash test scores tend to have better insurance rates. The safest vehicles result in less severe injuries and lower injury rates means less money paid by your insurance company and lower rates for you. If your Mitsubishi is rated at least four stars on Safercar.gov it may be receiving lower rates.
  • Consolidate policies to earn discounts – The majority of insurers will give a discount to customers who carry more than one policy such as combining an auto and homeowners policy. Discounts can add up to five, ten or even twenty percent. If you currently are using one company, you still need to comparison shop to make sure you are getting the best deal.
  • Proper usage rating affects rates – The more miles you rack up on your Mitsubishi in a year’s time the higher your rate. The majority of insurers apply a rate based on how the vehicle is used. Cars and trucks used primarily for pleasure use get more affordable rates than those used for commuting. Double check that your insurance coverage policy is showing how each vehicle is driven. If your policy improperly rates your Lancer may be costing you.

Tailor your coverage to you

When buying the right insurance coverage, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that can help discover whether your personal situation would benefit from professional advice.

  • Exactly who is provided coverage by my policy?
  • Can I afford to buy a different vehicle if my 2013 Mitsubishi Lancer is totaled?
  • Am I covered when driving on a suspended license?
  • When do I need to add a new car to my policy?
  • Does my medical payments coverage pay my health insurance deductible?
  • Do all my vehicles need collision coverage?
  • Do I pay less for low miles?

If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form. It only takes a few minutes and can provide invaluable advice.

Insurance coverage options for a 2013 Mitsubishi Lancer

Having a good grasp of your policy can help you determine which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Liability – This coverage provides protection from injuries or damage you cause to people or other property that is your fault. This insurance protects YOU from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims such as pain and suffering, structural damage and emergency aid. How much coverage you buy is a personal decision, but buy as high a limit as you can afford.

Comprehensive insurance – This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as a broken windshield, damage from flooding, hail damage and hitting a deer. The maximum payout your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Mitsubishi Lancer.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage kick in for bills for things like X-ray expenses, hospital visits, nursing services and ambulance fees. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision – Collision coverage covers damage to your Lancer resulting from colliding with an object or car. A deductible applies then your collision coverage will kick in.

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

Buy online or local, you save

As you go through the steps to switch your coverage, it’s not a good idea to skimp on coverage in order to save money. There have been many situations where an insured dropped collision coverage only to find out that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase a proper amount of coverage for the lowest price, not the least amount of coverage.

Drivers change insurance companies for any number of reasons including policy non-renewal, high prices, lack of trust in their agent or even unfair underwriting practices. Regardless of your reason, finding a great new company is easier than you think.

Throughout this article, we presented some good ideas how you can save on 2013 Mitsubishi Lancer insurance. It’s most important to understand that the more times you quote, the better chance you’ll have of finding lower rates. You may even find the lowest rates come from a small mutual company.

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