Sick and tired of scraping the payment together each month for car insurance? Your situation is no different than most other car owners. Many auto insurance companies vie for your business, and because of this it can be hard to compare auto insurance companies and uncover the absolute best rates possible.
It’s a great practice to shop coverage around on a regular basis because insurance rates change quite often. If you had the best deal on Lancer coverage a few years ago a different company probably has better rates today. Starting right now, forget anything you know (or think you know) about car insurance because I’m going to teach you the proper way to remove unneeded coverages and save money.
More discounts equal less premium
Car insurance can cost a lot, but you may find discounts to help bring down the price. Certain discounts will be applied at the time you complete a quote, but lesser-known reductions have to be requested specifically before they will apply. If you aren’t receiving every discount you deserve, you are paying more than you should be.
- Anti-lock Brakes – Anti-lock brake equipped vehicles are safer to drive and therefore earn up to a 10% discount.
- Passive Restraint Discount – Cars that have air bags or automatic seat belts may earn rate discounts of up to 25% or more.
- Life Insurance – Larger companies have lower rates if you buy auto and life insurance together.
- Early Signing – Select companies give a discount for signing up before your current policy expires. This can save 10% or more.
- No Charge for an Accident – A handful of insurance companies allow you one accident without raising rates as long as you don’t have any claims for a particular time prior to the accident.
Drivers should understand that some of the credits will not apply to the overall cost of the policy. A few only apply to individual premiums such as collision or personal injury protection. So despite the fact that it appears you can get free auto insurance, companies don’t profit that way. Any amount of discount will help reduce the amount you have to pay.
For a list of companies with discount car insurance rates, click here.
It’s not one size fits all
When it comes to buying the right insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Every insured’s situation is different so this has to be addressed. For example, these questions may help you determine if your insurance needs might need professional guidance.
- Does my Mitsubishi Lancer qualify for pleasure use?
- Do I need PIP (personal injury protection) coverage in my state?
- Do I have coverage when making deliveries for my home business?
- Do no-fault laws apply in my state?
- When should I drop full coverage on my Mitsubishi Lancer?
- What is the minimum liability in my state?
- Should I buy additional glass protection?
- Is a new car covered when I drive it off the dealer lot?
- How much underlying liability do I need for an umbrella policy?
- Should I put collision coverage on all my vehicles?
If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and you can get the answers you need.
Can you really save that much by switching?
Consumers get pounded daily by advertisements for the lowest price auto insurance from companies such as GEICO, State Farm and Progressive. They all seem to make the same claim that you can save if you switch your policy.
How can each company make the same claim?
All the different companies have a preferred profile for the type of customer that makes them money. For example, a profitable customer could be between the ages of 30 and 50, has no driving citations, and has great credit. A propective insured who matches those parameters is entitled to the best price and therefore will save when switching.
Drivers who don’t qualify for the “perfect” profile must pay a more expensive rate and this can result in the customer not buying. The ad wording is “drivers who switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can claim big savings.
This illustrates why drivers must get as many comparisons as possible. It’s not possible to predict the company that will provide you with the cheapest rates.
In conclusion
We just presented many ways to save on Mitsubishi Lancer insurance. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. Drivers may discover the lowest premiums are with a smaller regional carrier. They may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate or State Farm.
As you shop your coverage around, make sure you don’t reduce coverage to reduce premium. There have been many situations where an insured dropped liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find at the best price while still protecting your assets.
Cheaper Mitsubishi Lancer insurance is attainable on the web and with local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some companies do not offer the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.
