2015 Mitsubishi Lancer Insurance Cost – 10 Policy Discounts

Did you make the mistake of buying an expensive car insurance policy? Don’t feel bad because there are many people just like you.

You have so many insurance companies to choose from, and although it’s a good thing to have multiple companies, lots of choices makes it harder to locate the cheapest rates.

Get affordable rates with these ten discounts

The cost of insuring your cars can be expensive, but there’s a good chance there are discounts to help offset the cost. Some discounts apply automatically when you purchase, but some must be specially asked for before they will apply.

• Professional Organizations – Being a member of specific professional or occupational memberships or organizations may earn a discount on your next renewal.
• Buy New and Save – Insuring a new car can save up to 30% due to better safety requirements for newer vehicles.
• Anti-theft System – Anti-theft and alarm system equipped vehicles prevent vehicle theft and qualify for as much as a 10% discount.
• Military Rewards – Having a family member in the military could trigger a small discount.
• Discount for Passive Restraints – Factory air bags or automatic seat belts can receive discounts up to 30%.
• Accident Waiver – Not necessarily a discount, but a few companies such as Allstate and Progressive will let one accident slide without raising rates if you have no claims for a set time period.
• Sign Online – A handful of larger companies provide a small discount for buying your policy over the internet.
• Distant Student – Youth drivers living away from home attending college and do not have access to a covered vehicle could get you a discount.
• Early Renewal Discounts – A few insurance coverage companies give discounts for switching companies prior to your current policy expiring. This can save 10% or more.
• Driver Training Discounts – Taking time to complete a safe driver class can save you 5% or more depending on where you live.

Don’t be shocked that most discounts do not apply to the entire policy premium. Some only reduce the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears all the discounts add up to a free policy, it doesn’t quite work that way.

Larger insurance coverage companies and a summarized list of policyholder discounts are shown below.

• State Farm includes discounts for student away at school, good driver, good student, accident-free, Steer Clear safe driver discount, and defensive driving training.
• Liberty Mutual has savings for exclusive group savings, newly married, multi-car, hybrid vehicle, preferred payment discount, new graduate, and teen driver discount.
• American Family may have discounts that include defensive driver, bundled insurance, multi-vehicle, air bags, accident-free, good driver, and mySafetyValet.
• Progressive offers premium reductions for continuous coverage, multi-vehicle, multi-policy, online quote discount, and good student.
• Farmers Insurance offers discounts for distant student, homeowner, electronic funds transfer, business and professional, and teen driver.
• Auto-Owners Insurance offers discounts including anti-lock brakes, paid in full, safe driver, good student, company car, safe vehicle, and anti-theft.
• SAFECO may offer discounts for safe driver, anti-lock brakes, anti-theft, accident prevention training, and teen safe driver.

When quoting, ask every company to give you their best rates. Some credits may not be offered in your state. If you would like to see a list of providers that offer some of these discounts, click here to view.

What is the best auto insurance coverage?

When buying proper insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is a little different so your insurance should reflect that For example, these questions may help you determine if you will benefit from professional help.

• Do I have coverage when pulling a U-Haul trailer?
• When would I need additional glass coverage?
• Are my friends covered when driving my 2015 Mitsubishi Lancer?
• Are there companies who specialize in insuring high-risk drivers?
• Will I be non-renewed for getting a DUI or other conviction?
• What if I total my 2015 Mitsubishi Lancer and owe more than it’s worth?
• Does having multiple vehicles earn me a discount?
• Do I need rental car coverage?
• What can I do if my company denied a claim?

If you don’t know the answers to these questions, you might consider 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.

Car insurance coverage breakdown

Learning about specific coverages of your policy helps when choosing the right coverages for your vehicles. Car insurance terms can be confusing and nobody wants to actually read their policy. Listed below are the usual coverages found on the average car insurance policy.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Mitsubishi Lancer.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Most of the time these coverages are similar to your liability insurance amounts.

Auto liability insurance – Liability coverage will cover damages or injuries you inflict on other people or property in an accident. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like bail bonds, court costs, medical services, pain and suffering and structural damage. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

Collision – This pays to fix your vehicle from damage from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like scraping a guard rail, hitting a parking meter, crashing into a ditch, damaging your car on a curb and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage provide coverage for bills such as EMT expenses, rehabilitation expenses, chiropractic care, doctor visits and surgery. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive insurance – This will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hail damage, vandalism and rock chips in glass. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

A little work can save a LOT of money

Cheap 2015 Mitsubishi Lancer insurance can be found both online and also from your neighborhood agents, so you should compare both to get a complete price analysis. A few companies do not provide internet price quotes and these smaller providers sell through independent agents.

When trying to cut insurance costs, it’s very important that you do not skimp on coverage in order to save money. In many instances, consumers will sacrifice collision coverage only to find out that the few dollars in savings costed them thousands. Your goal is to find the BEST coverage at the best possible price, not the least amount of coverage.

More articles

• Insurance Losses by Make and Model (iihs.org)
• Help Your Teen Be a Better Driver (State Farm)
• Property Damage Coverage (Liberty Mutual)
• Teen Driving Statistics (Geico)
• Winter Driving (Insurance Information Insitute)