Compare 2010 Mitsubishi Lancer Sportback Car Insurance Cost

Searching for lower auto insurance rates for your Mitsubishi Lancer Sportback? Did you come to the realization that you have overpriced auto insurance? Don’t feel bad because many consumers are feeling buyer’s remorse and feel like there’s no way out. Multiple insurers compete for your hard-earned dollar, and it can be difficult to compare rates and uncover the absolute lowest rate

The method we recommend to get policy rate comparisons is to realize most insurance companies participate in online systems to provide you with free rate quotes. The only thing you need to do is provide details such as how much coverage you want, if you have an active license, distance driven, and if you require a SR-22. That information is then sent to insurance carriers in your area and you receive quotes very quickly.

More discounts mean cheaper premiums

Companies don’t always list all available discounts very well, so we researched both well-publicized and also the lesser-known discounts you could be receiving when you buy auto insurance online.

• Lower Rates for Military – Having a deployed family member may qualify for rate reductions.
• Mature Driver Discount – If you’re over the age of 55, you may receive a slight reduction on a auto insurance quote for Lancer Sportback insurance.
• Distant Student Discount – Youth drivers who are enrolled in higher education away from home without a vehicle on campus could get you a discount.
• Good Student Discount – A discount for being a good student can save 20 to 25%. The discount lasts until age 25.
• Home Ownership Discount – Being a homeowner can save you money because maintaining a house is proof of financial responsibility.
• Seat Belts Save – Drivers who require all vehicle occupants to wear their seat belts could save 15% off the personal injury premium cost.

One thing to note about discounts is that most credits do not apply to the entire policy premium. Most only apply to specific coverage prices like comprehensive or collision. So even though you would think you would end up receiving a 100% discount, companies wouldn’t make money that way.

A list of insurance companies and a partial list of their discounts are detailed below.

• State Farm includes discounts for accident-free, Steer Clear safe driver discount, good student, driver’s education, and student away at school.
• Nationwide may have discounts that include business or organization, anti-theft, defensive driving, Farm Bureau membership, and accident-free.
• Geico offers premium reductions for membership and employees, multi-policy, air bags, federal employee, daytime running lights, and emergency military deployment.
• AAA policyholders can earn discounts including education and occupation, anti-theft, multi-car, good driver, AAA membership discount, and good student.
• 21st Century has discounts for student driver, theft prevention, 55 and older, anti-lock brakes, air bags, early bird, and defensive driver.
• The Hartford offers discounts including defensive driver, good student, anti-theft, vehicle fuel type, air bag, and driver training.

When getting a coverage quote, ask every insurance company what discounts are available to you. All car insurance discounts may not be offered in your state. If you would like to view companies that offer some of these discounts, click here.

Lower the price of car insurance with these tips

Lots of things are taken into consideration when you get a price on insurance. Some are obvious such as your driving history, although others are less apparent such as your credit history or your vehicle rating.

• Improve your credit rating and save – A driver’s credit score will be a significant factor in determining premium rates. People that have good credit tend to be better risks to insure than those with lower ratings. If your credit score leaves room for improvement, you may save money insuring your 2010 Mitsubishi Lancer Sportback by improving your credit score.
• Policy add-ons add up – There are many additional extra coverages that can waste your money if you aren’t careful. Add-on coverages like coverage for rental cars, death and dismemberment, and membership fees are examples of these. They may sound like good ideas when discussing your needs, but your needs may have changed so eliminate them to save money.
• Never let your car insurance policy lapse – Driving any period of time without insurance can get you a ticket and as a result your rates will increase for letting your coverage have a gap. And not only will your rates increase, being ticketed for driving with no insurance could earn you fines or a revoked license. You could then be forced to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
• Safeguard your assets with liability insurance – Your policy’s liability coverage is the protection if you are found liable for causing personal injury or damage in an accident. It provides legal defense coverage to defend your case. This coverage is relatively inexpensive compared to other policy coverages, so insureds should have plenty of protection for their assets.
• Get a ticket, pay higher prices – Careful drivers have lower premiums compared to bad drivers. Getting just one chargable violation can boost insurance rates forty percent or more. Drivers who have gotten careless citations such as DUI or willful reckless driving may face state-mandated requirements to maintain a SR-22 with their state in order to drive a vehicle legally.
• When should you file a car insurance claims? – If you’re an insured who likes to file claims you can definitely plan on much higher rates or policy non-renewal. Insurance companies give cheaper rates to people that do not abuse their auto insurance. Your insurance policy is meant to be used in the event of major claims that would cause financial hardship.
• Male rates may be higher – The statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that females are better at driving than males. Both sexes get in auto accidents at a similar rate, but the men cause more damage and cost insurance companies more money. They also get higher numbers of serious violations like reckless driving and DUI. Youthful male drivers tend to get in the most accidents and therefore pay the highest rates.

It’s not one size fits all

When it comes to choosing adequate coverage, there really is no “best” method to buy coverage. Every situation is different so your insurance needs to address that. Here are some questions about coverages that can aid in determining whether you may require specific advice.

• What is the minimum liability in my state?
• How do I buy GAP insurance?
• Is business equipment covered while in my vehicle?
• Am I missing any policy discounts?
• Is business property covered if stolen from my car?
• Does my 2010 Mitsubishi Lancer Sportback qualify for pleasure use?
• Does my personal policy cover me when driving out-of-state?
• When does my teenage driver need to be added to my policy?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Car insurance myths debunked

Consumers can’t avoid all the ads for the lowest price car insurance from companies such as State Farm and Allstate. They all seem to state the claim that drivers can save some big amount just by moving your car insurance policy to them.

How does every car insurance company give you a lower rate?

Insurance providers give the cheapest rates for the type of driver they prefer to insure. For example, a profitable customer may be between the ages of 30 and 50, has other policies, and insures a new vehicle. A driver who meets those qualifications receives the best rates and will probably save a lot of money.

Consumers who are not a match for those criteria will get higher premiums and this can result in business going elsewhere. If you listen closely, the ads state “customers that switch” not “everybody who quotes” save that much when switching. That’s why companies can make claims like that.

This really emphasizes why it’s extremely important to get a wide range of price quotes. Because you cannot predict the company that will give you the biggest savings.

Coverages available on your policy

Understanding the coverages of car insurance helps when choosing appropriate coverage and the correct deductibles and limits. Car insurance terms can be difficult to understand and coverage can change by endorsement. Shown next are the usual coverages available from car insurance companies.

Liability coverage – This provides protection from damage that occurs to people or other property. This coverage protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for things like funeral expenses, pain and suffering and emergency aid. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like ambulance fees, X-ray expenses, hospital visits and surgery. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Collision – This pays for damage to your Lancer Sportback resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like colliding with a tree, colliding with another moving vehicle, crashing into a ditch, sustaining damage from a pot hole and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Comprehensive protection – This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as a broken windshield, damage from getting keyed, damage from flooding and theft. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

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

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently these limits do not exceed the liability coverage limits.

Final considerations

Some companies may not provide online quoting and these regional insurance providers only sell coverage through local independent agents. More affordable car insurance can be purchased both online and with local insurance agents, and you need to price shop both to have the best chance of lowering rates.

As you go through the steps to switch your coverage, do not reduce coverage to reduce premium. There have been many situations where an insured cut physical damage coverage only to discover later that it was a big mistake. The ultimate goal is to buy the best coverage you can find at the best possible price and still be able to protect your assets.

For more information, take a look at the following helpful articles:

• If I File a Claim will My Insurance Go Up? (Insurance Information Insitute)
• Rental Reimbursement Coverage (Allstate)
• Preventing Carjacking and Theft (Insurance Information Insitute)
• Eight Auto Insurance Myths (Insurance Information Insitute)
• Auto Insurance Basics (Insurance Information Insitute)