2015 Mitsubishi Lancer Car Insurance Rates – 10 Ways to Save

Searching for lower insurance coverage rates for your Mitsubishi Lancer? Perplexed by the dozens of insurance coverage options? Many other drivers are as well. You have so many companies to choose from that it can easily become a lot of work to find lower rates.

Consumers should take time to compare prices periodically due to the fact that insurance rates change regularly. If you had the best price on Lancer insurance two years ago you may be paying too much now. Block out anything you think you know about insurance coverage because I’m going to let you in on the secrets to the best methods to properly buy coverages while reducing your premium.

Choosing the best insurance company for you is easy if you know what you’re doing. Essentially every driver who carries auto insurance most likely will be able to find lower rates. Nevertheless, vehicle owners need to have an understanding of how the larger insurance companies price insurance differently and apply this information to your search.

How to save on Mitsubishi Lancer insurance

Companies offering auto insurance don’t always list all their discounts very clearly, so we break down both the well known as well as the least known savings tricks you should be using.

  • Own a Home – Owning a home can help you save on car insurance because of the fact that having a home is proof that your finances are in order.
  • Driver Safety – Taking part in a course in driver safety could save 5% or more if you qualify.
  • No Claims – Good drivers with no accidents can save substantially compared to frequent claim filers.
  • Discount for Life Insurance – Companies who offer life insurance give a discount if you purchase life insurance from them.
  • Club Memberships – Affiliation with a qualifying organization may earn a discount when shopping for car insurance on Lancer insurance.
  • Seat Belts Save – Using a seat belt and requiring all passengers to buckle their seat belts can save 10% or more off the personal injury premium cost.
  • Good Students Pay Less – This discount can save 20 to 25%. This discount can apply up until you turn 25.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
  • Auto/Home Discount – When you combine your home and auto insurance with the same company you will save 10% to 20% off each policy.
  • Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less on Lancer insurance than less cautious drivers.

It’s important to understand that some credits don’t apply to the entire policy premium. Some only reduce the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, you won’t be that lucky.

For a list of providers who offer car insurance discounts, click here to view.

Tailor your coverage to you

When choosing proper insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s.

These are some specific questions might help in determining whether your personal situation may require specific advice.

  • Are there companies who specialize in insuring high-risk drivers?
  • Do I need replacement cost coverage?
  • Do I need higher collision deductibles?
  • Do I need replacement cost coverage on my 2015 Mitsubishi Lancer?
  • When does my teenage driver need to be added to my policy?
  • How do I buy GAP insurance?
  • Can I drive in Mexico and have coverage?
  • What is the minimum liability in my state?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Car insurance 101

Having a good grasp of a insurance policy aids in choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for nursing services, ambulance fees, rehabilitation expenses, EMT expenses and dental work. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage – This gives you protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2015 Mitsubishi Lancer.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage – This pays for damage to your Lancer caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as colliding with another moving vehicle, colliding with a tree, crashing into a ditch, damaging your car on a curb and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Comprehensive coverage – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as rock chips in glass, hitting a bird, hitting a deer and a tree branch falling on your vehicle. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverages – Liability coverage will cover damage that occurs to other people or property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against things like legal defense fees, structural damage, loss of income and bail bonds. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford.

Quote more. Save more.

We just presented a lot of techniques to get a better price on 2015 Mitsubishi Lancer insurance. The key thing to remember is the more times you quote, the higher the chance of saving money. Consumers may even find the lowest rates come from an unexpected company.

People switch companies for a variety of reasons including high rates after DUI convictions, delays in responding to claim requests, delays in paying claims or being labeled a high risk driver. Regardless of your reason for switching companies, choosing a new company can be pretty painless.

Cheap insurance can be bought on the web as well as from independent agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who don’t offer online price quotes and most of the time these smaller companies sell through independent agents.

For more information, feel free to browse the following helpful articles: