How Much Does 2013 Mitsubishi Lancer Car Insurance Cost?

Having to pay for pricey insurance coverage can take a big chunk out of your budget and make it impossible to make ends meet.

Big-name insurance companies like Allstate and Progressive all claim big savings, bombarding you with advertising and it is difficult to not get sucked in by the cute commercials and do the work needed to find the best deal.

If you have car insurance now, you should be able to lower your premiums substantially using this information. Finding the best rates is quite easy. Nevertheless, drivers need to have an understanding of how companies sell insurance online because it can help you find the best coverage.

How to compare free insurance coverage quotes

There are a variety of methods to compare insurance coverage prices but there is one way that is less time-consuming than others. You could spend the better part of a day driving to agents in your area, or you could use online quotes to get the quickest rates.

Many of the larger companies belong to a marketplace where insurance shoppers send in one quote, and each company then returns a price quote based on that data. This saves time by eliminating repetitive form submissions for each company you want a rate for.

To find out how much you’re overpaying now click here to start a free quote.

The one downside to using this type of system is you cannot specify which carriers you will receive quotes from. So if you prefer to pick specific providers to compare prices, we have a page of the cheapest insurance coverage companies in your area. View list of insurance companies.

It doesn’t matter which method you choose, just compare nearly identical coverages with every price quote. If each company quotes different coverage information it will be very difficult to make an equal comparison. Just slight variations in insurance coverages or limits can mean a large discrepancy in price. Just keep in mind that making a lot of price comparisons will enable you to find a lower rate than you’re paying now. Some insurance companies are not set up to provide online quotes, so it’s important to compare prices from them as well.

Car insurance rates and discounts

Insurance can be prohibitively expensive, but you might find some hidden discounts that you may not even know about. A few discounts will be applied at the time of quoting, but less common discounts must be requested specifically prior to getting the savings.

• Organization Discounts – Joining a civic or occupational organization is a simple method to lower premiums on your next car insurance statement.
• Onboard Data Collection – People who choose to allow their company to analyze their driving habits by using a small device installed in their vehicle such as State Farm’s In-Drive may get a rate reduction as long as they are good drivers.
• ABS Braking Discount – Cars that have anti-lock braking systems can reduce accidents and will save you 10% or more.
• Senior Discount – If you qualify as a senior citizen, you can get a discount up to 10% for Lancer coverage.
• Discounts for Government Workers – Having worked for a branch of the government may reduce rates when you quote insurance for Lancer coverage depending on your company.
• Defensive Driver Discount – Taking time to complete a defensive driving course may get you a small discount and make you a better driver.
• Accident Free – Good drivers with no accidents can save substantially in comparison to accident-prone drivers.
• Seat Belts Save – Drivers who always wear seat belts and also require passengers to buckle up before driving can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
• Save with a New Car – Putting coverage on a new car can save you some money because newer models keep occupants safer.

A quick disclaimer, most of the big mark downs will not be given to the overall cost of the policy. Most only apply to individual premiums such as liability and collision coverage. Just because it seems like you can get free auto insurance, that’s just not realistic.

Insurance companies that may offer many of the previously listed discounts may include but are not limited to:

• AAA
• Progressive
• State Farm
• Esurance
• Nationwide

Double check with every prospective company the best way to save money. Some discounts listed above may not apply to policies in your state.

Lower insurance rates with these tips

Lots of things are considered when premium rates are determined. A few of the factors are predictable like an MVR report, but other factors are not as apparent such as whether you are married or how financially stable you are.

Shown below are some of the most common factors that factor into rates.

• Raising deductibles lowers rates – Coverage for physical damage, also known as collision and other-than-collision, helps pay for damage to your vehicle. Some instances where coverage would apply could be a windshield shattered by a rock, hail damage, and burglary. Comprehensive and collision coverage deductibles define how much you are required to pay if a covered claim is submitted. The higher the amount you’re willing to pay, the less your auto insurance will be for Lancer coverage.
• Proper usage rating affects premiums – The more you drive each year the higher your rates will be. Almost all companies apply a rate determined by how the vehicle is used. Autos that are left in the garage get more affordable rates than vehicles that are driven to work every day. Double check that your policy properly reflects annual mileage. Incorrect rating for your Lancer may be costing you.
• Allowing your auto insurance policy to lapse raises rates – Driving your car without having proper coverage can get you a ticket and you may have a hard time finding new coverage because you let your insurance lapse. Not only will rates go up, being ticketed for driving with no insurance can result in a revoked license or a big fine. Then you may be required to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
• Your credit history is important – Having a good credit rating is a big factor in determining your rates. Consumers who have excellent credit scores tend to be better drivers and file fewer claims than drivers who have lower credit ratings. Therefore, if your credit history can use some improvement, you may save money insuring your 2013 Mitsubishi Lancer by spending a little time repairing your credit.
• More policies can equal more savings – Some companies give discounts to insureds that buy multiple policies in the form of a multi-policy discount. Even with this discount, you still need to comparison shop to verify if the discount is saving money.
• Liability insurance is peace of mind – Liability insurance kicks in when you are found liable for an accident. It provides legal defense which can be incredibly expensive. It is affordable coverage compared to insuring for physical damage coverage, so do not skimp.
• Insurance rates in urban areas – Being located in small towns and rural areas has definite advantages when it comes to auto insurance. Less people means reduced accidents. Urban drivers have more road rage incidents and more time behind the wheel. More time behind the wheel can result in more accidents.

Situations that may require an agent’s advice

When it comes to choosing the best insurance coverage coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique so this has to be addressed. For example, these questions might point out if your situation could use an agent’s help.

• Does my insurance cover a custom paint job?
• What is the difference between comprehensive and collision coverage?
• When should I not file a claim?
• Is a blown tire covered by insurance?
• Do I benefit by insuring my home with the same company?
• What happens if I owe more than my 2013 Mitsubishi Lancer is worth?
• Should I rate my 2013 Mitsubishi Lancer as pleasure use or commute?
• Can my teen drive my company car?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Auto insurance 101

Knowing the specifics of a insurance policy aids in choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages found on the average insurance policy.

Coverage for medical payments – Coverage for medical payments and/or PIP reimburse you for immediate expenses such as ambulance fees, pain medications and chiropractic care. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverages – This provides protection from damage that occurs to a person or their property that is your fault. It protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined limit which provides one coverage limit without having the split limit caps.

Liability can pay for claims like loss of income, structural damage, funeral expenses, repair costs for stationary objects and bail bonds. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Uninsured and underinsured coverage – This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Mitsubishi Lancer.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive coverages – This coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from flooding, vandalism and hail damage. The maximum payout your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision – This covers damage to your Lancer caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as scraping a guard rail, crashing into a building and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Better coverage you can count on

When you buy insurance online, do not reduce coverage to reduce premium. There are too many instances where an accident victim reduced physical damage coverage only to discover later that the savings was not a smart move. Your aim should be to get the best coverage possible at a price you can afford but still have enough coverage for asset protection.

In this article, we covered a lot of information how to get a better price on 2013 Mitsubishi Lancer insurance. The most important thing to understand is the more times you quote, the better chance you’ll have of finding affordable insurance. Drivers may discover the best rates are with the smaller companies. These companies can often provide lower car insurance rates in certain areas compared to the large companies like Progressive or Geico.

Additional information can be read below:

• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Crash Avoidance Technologies FAQ (iihs.org)
• Credit and Insurance Scores (Insurance Information Insitute)
• Safety Tips for Teen Drivers (Insurance Information Insitute)
• Senior Drivers (Insurance Information Insitute)