2014 Mitsubishi Lancer Insurance Cost

No car owner likes buying car insurance, in particular when they could find better rates elsewhere. Vehicle owners have many auto insurance companies to pick from, and although it’s a good thing to have a selection, so many choices can make it hard to find the best rates for your vehicles.

It’s a good habit to get comparison quotes quite often due to the fact that insurance prices fluctuate regularly. Just because you had the lowest rate on Lancer insurance on your last policy there is a good chance you can find better premium rates now. Block out anything you think you know about car insurance because you’re about to learn the fastest and easiest way to lower your rates without sacrificing coverage.

The best way we recommend to get policy rate comparisons utilizes the fact auto insurance companies participate in a system to quote your coverage. All you need to do is provide a small amount of information such as whether you are single or married, an estimate of your credit level, whether you drive to work or school, and your job. Those rating factors is submitted instantly to insurance companies and you receive quotes very quickly.

To compare rates for your 2014 Mitsubishi Lancer now, click here and find out if you can get cheaper insurance.

Car insurance ads are enticing

Consumers can’t get away from ads for car insurance savings by 21st Century, Allstate and State Farm. They all seem to say the same thing of big savings after switching to their company.

How is it plausible that every one can sell you cheaper insurance coverage? It’s all in the numbers.

Car insurance companies quote the lowest rates for the type of customer that will generate a profit. One example of this type of insured should be over the age of 35, has other policies, and drives newer vehicles. A customer that matches those criteria will probably get the lowest auto insurance rates and therefore will save quite a bit of money when switching.

Potential customers who do not meet those standards will see higher rates with the end result being the customer buying from someone else. The wording the ads use say “drivers that switch” not “everybody who quotes” save that much money. That’s why insurance companies can confidently make those statements. Because every company is different, you should compare rate quotes every year. Because you cannot predict the company that will give you the biggest savings.

Do you qualify for discount car insurance?

Companies that sell car insurance do not advertise every policy discount very clearly, so the list below contains a few of the more well known in addition to some of the lesser obvious discounts you could be receiving when you buy auto insurance online.

  • Discount for Multiple Policies – When you combine your auto and homeowners insurance with the same insurance company you may save nearly 15% which can help you find cheap auto insurance.
  • Defensive Driver Discounts – Completing a class that teaches safe driver techniques could earn you a small percentage discount depending on where you live.
  • Homeowners Discount – Just owning your own home can earn you a little savings because owning a home is proof that your finances are in order.
  • Theft Prevention Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems have a lower chance of being stolen and can earn a small discount on your policy.
  • Early Switch Discount – Some larger companies provide a discount for renewing your policy before your current expiration date. It could save around 10% when you buy auto insurance online.
  • Club Memberships – Joining a qualifying organization could qualify you for a break when getting a auto insurance quote.

Consumers should know that most of the big mark downs will not be given to the entire policy premium. Most only apply to specific coverage prices like comprehensive or collision. So even though they make it sound like all the discounts add up to a free policy, you won’t be that lucky.

A list of car insurance companies and some of the premium reductions they offer can be read below.

  • State Farm discounts include good student, accident-free, defensive driving training, driver’s education, passive restraint, and multiple policy.
  • American Family policyholders can earn discounts including multi-vehicle, early bird, good student, mySafetyValet, good driver, and Steer into Savings.
  • Geico offers premium reductions for defensive driver, federal employee, daytime running lights, anti-theft, and air bags.
  • 21st Century includes discounts for anti-lock brakes, 55 and older, defensive driver, driver training, theft prevention, good student, and teen driver.
  • Progressive may have discounts that include good student, continuous coverage, homeowner, multi-vehicle, online signing, and multi-policy.

If you are trying to find cheap auto insurance quotes, ask each insurance company which discounts they offer. Some discounts listed above might not be offered on policies in your area. If you would like to choose from a list of insurance companies who offer car insurance discounts, follow this link.

What insurance coverages do I need?

When choosing proper insurance coverage for your vehicles, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions can aid in determining if you would benefit from professional advice.

  • What is the minimum liability in my state?
  • Can I make deliveries for my home business?
  • Can I still get insurance after a DUI?
  • Am I covered when driving in Canada or Mexico?
  • Is my babysitter covered when using my vehicle?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Do I have newly-aquired coverage?
  • Do all my vehicles need collision coverage?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Am I covered if I hit a deer?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, 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 provide invaluable advice.

Coverages available on your auto insurance policy

Understanding the coverages of auto insurance aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the normal coverages offered by auto insurance companies.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like doctor visits, rehabilitation expenses, EMT expenses and hospital visits. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Coverage for collisions

This pays for damage to your Lancer resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like rolling your car, crashing into a building, sideswiping another vehicle, damaging your car on a curb and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also raise the deductible in order to get cheaper collision rates.

Auto liability insurance

Liability coverage will cover damage or injury you incur to other’s property or people by causing an accident. It protects you from legal claims by others. Liability 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 commonly see policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage protects against things such as repair bills for other people’s vehicles, repair costs for stationary objects, loss of income and court costs. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive insurance

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as theft, hitting a bird, vandalism and fire damage. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as damage to your Mitsubishi Lancer.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Buy Smart and Save

Cost effective 2014 Mitsubishi Lancer insurance can be purchased on the web and from local insurance agents, and you need to comparison shop both so you have a total pricing picture. A few companies do not provide price quotes online and these smaller providers only sell through independent insurance agencies.

In this article, we presented a lot of ways to lower your 2014 Mitsubishi Lancer insurance car insurance rates. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even find the biggest savings come from some of the smallest insurance companies. These smaller insurers may only write in your state and offer lower premium rates compared to the large companies like Progressive and Geico.

While you’re price shopping online, don’t be tempted to buy poor coverage just to save money. There have been many cases where consumers will sacrifice liability limits or collision coverage and discovered at claim time that it was a big mistake. Your objective should be to buy the best coverage you can find at the lowest possible cost, but do not sacrifice coverage to save money.

For more information, feel free to visit these articles:

Comments About 2014 Mitsubishi Lancer Insurance

  1. Fleta Hill

    Thought I’d throw in my experience. I live just outside Colorado Springs, Colorado. Don’t remember every company but I ended up saving about $30 each month. Even increased coverage a bit.

  2. Craig Welch

    I’m just north of Paterson, NJ. Got rates from Auto-Owners, Farmers, and Sentry for my 2014 Mitsubishi Lancer and saved just over $340 a year. Was with American Family. I get a discount for insuring multiple vehicles.

  3. Teena Harvey

    Will State Farm raise rates for a windshield claim?

  4. Euna Lawrence

    I’m in Tacoma, WA. Went online for free insurance quotes for a 2014 Mitsubishi Lancer. Ended up at about $270 savings annually. Went with 21st Century.

  5. Bobby Munoz

    I’m in South Burlington, Vermont, and 21st Century rates were affordable. Left Farmers to switch. Just waiting to see how claims go.

  6. Shasta Gallagher

    Compared auto insurance prices with Allstate and GEICO but still not cheap enough.

  7. Shalon Montgomery

    I live just outside Wilmington, DE. Got rates from American Family, Safeco, and Travelers for my Mitsubishi and I’m now saving $20 a month. Insured with State Farm before.

  8. Tressa Montoya

    Like your site, BTW. I’m in the west part of Atlanta, GA. Got free quotes online for a 2014 Mitsubishi Lancer. Ended up at about $110 savings annually. Went with GEICO. Was with Liberty Mutual. Teenage drivers are expensive!

  9. Crysta Salas

    Like your site, BTW. Live in Oklahoma City, Oklahoma. Got rates from State Farm, Auto-Owners, and some I forget for my 2014 Mitsubishi Lancer and I think I saved about $40 each month.

  10. Brendan Downs

    In Tulsa, OK, Auto-Owners had the best rates for my 2014 Mitsubishi Lancer. Left Allstate to switch.

  11. Ivory Gonzalez

    Found cheapest coverage with Auto-Owners for my Lancer and am saving around $320 a year. BTW speeding tickets are not good. Just waiting to see how claims go.

  12. Lorenza Hewitt

    Anyone try to read their policy?

  13. Earlie Guy

    From a town just southwest of Raleigh, NC. Received rates from Travelers, Auto-Owners, GMAC, and Sentry for my 2014 Mitsubishi Lancer and I think I saved about $20 each month. I get a discount for insuring multiple vehicles. I recommend comparing lots of rates.

  14. Toby Mcconnell

    Enjoyed the article. I’m in the north part of North Charleston, South Carolina. Compared quite a few companies. Saved right around $70 a month. 21st Century was the cheapest for me.

  15. Tressa Hayden

    I found pretty cheap rate quotes for a 2014 Mitsubishi Lancer in Los Angeles, CA. Ended up at about $370 every six months with AAA.

  16. Dann Cote

    If you have a good history and live near Charleston, West Virginia, check out GEICO. I saved quite a bit. Left Eastwood to switch. A clean driving record helps. It was easy to get rates.