2014 Mitsubishi Lancer Sportback Insurance Rates

Trying to find better auto insurance rates for your Mitsubishi Lancer Sportback? Having to pay for overpriced auto insurance can drain your checking account and put the squeeze on your family’s finances. Shopping your coverage around is free, only takes a few minutes, and is a good way to help make ends meet.

Many insurers vie to insure your vehicles, so it’s not easy to compare every company and uncover the absolute lowest rate possible.

It’s smart to compare rates every six months due to the fact that insurance rates trend upward over time. Just because you had the best price on Lancer Sportback coverage on your last policy you can probably find a lower rate today. Starting right now, block out anything you think you know about auto insurance because you’re going to learn one of the easiest ways to properly buy coverages and cut your premium.

Discounts to lower 2014 Mitsubishi Lancer Sportback insurance rates

Auto insurance companies don’t always advertise all available discounts in a way that’s easy to find, so the following is a list of both well-publicized and the more hidden car insurance savings.

  • Passive Restraint Discount – Vehicles with factory air bags can qualify for discounts of more than 20%.
  • Clubs and Organizations – Belonging to a qualifying organization could qualify you for a break on your policy on Lancer Sportback coverage.
  • Payment Method – If paying your policy premium upfront instead of making monthly payments you could save up to 5%.
  • Accident Forgiveness – Some insurance companies will forgive one accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
  • Discount for Swiching Early – A few companies offer discounts for buying a policy prior to your current policy expiring. The savings is around 10%.
  • Safe Drivers – Drivers who avoid accidents may save up to 50% more on Lancer Sportback coverage than less cautious drivers.
  • Military Discounts – Having a deployed family member could be rewarded with lower premiums.

It’s important to note that some credits don’t apply to all coverage premiums. Most only apply to individual premiums such as medical payments or collision. So even though it sounds like you could get a free car insurance policy, it doesn’t quite work that way.

Companies that possibly offer these benefits include:

Check with every prospective company which discounts you may be entitled to. Savings may not be available in your area.

Why your Mitsubishi Lancer Sportback might be costing you more

Smart consumers have a good feel for the different types of things that go into determining insurance coverage rates. Knowing what determines base rates enables informed choices that will entitle you to much lower annual insurance costs.

Listed below are a partial list of the pieces insurance coverage companies consider when setting prices.

  • Extra coverages can waste money – There are a lot of additional coverages that you can buy when buying insurance coverage. Coverages for personal injury protection, towing coverage and membership fees are some examples. They may seem like a good idea when talking to your agent, but your needs may have changed so eliminate them to save money.
  • No coverage gaps is important – Not having insurance is illegal and as a result your rates will increase for letting your coverage lapse. Not only will you pay more, but not being able to provide proof of insurance may earn you a revoked license or a big fine.You may need to prove you have insurance by filing a SR-22 with your state motor vehicle department.
  • Adjust deductibles and save – Deductibles for physical damage represent how much money you are willing to pay out-of-pocket if you file a covered claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of covered claims are colliding with a building, damage from fire, and windstorm damage. The more expense you’re willing to pay, the bigger discount you will receive on Lancer Sportback coverage.
  • Safer cars cost less to insure – Vehicles with good safety scores are cheaper to insure. These vehicles result in less severe injuries and fewer injuries translates into savings for insurance companies and thus lower rates. If your Mitsubishi Lancer Sportback has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Frequent insurance coverage claims increase rates – Insurance companies generally give better rates to drivers who do not rely on their insurance for small claims. If you file claims often, you can definitely plan on either policy cancellation or increased premiums. Auto insurance is designed for major claims that would cause financial hardship.
  • One company can mean more discounts – Some insurance coverage companies give discounts to policyholders who buy several policies from them. It’s known as a multi-policy discount. Discounts can amount to ten or even up to twenty percent in some cases. Even with this discount, you may still want to comparison shop to ensure the best deal. Drivers may still find a better deal by splitting coverages up.
  • Older drivers save more – More mature drivers tend to be more responsible, file fewer claims and receive fewer citations. Teen drivers are known to be more careless when driving therefore insurance coverage rates are much higher.
  • Liability coverage is peace of mind – Liability coverage will protect you in the event that you are found to be at fault for damages caused by your negligence. Liability provides for a legal defense up to the limits shown on your policy. Liability is cheap when compared with rates for comp and collision, so do not skimp.

Tailor your coverage to you

When it comes to choosing coverage, there is no cookie cutter policy. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining if your insurance needs might need an agent’s assistance.

  • Do I have coverage when using my vehicle for my home business?
  • Does liability extend to a camper or trailer?
  • Is my custom paint covered by insurance?
  • What can I do if my company won’t pay a claim?
  • How much liability do I need to cover my assets?
  • Does insurance cover damages from a DUI accident?
  • Are my friends covered when driving my car?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier

Save $418 a year? Really?

Companies like Allstate, Geico and Progressive regularly use ads on television and other media. All the ads make an identical promise that you can save if you move to their company. How does each company say the same thing?

Different companies can use profiling for the type of customer that earns them a profit. For instance, a driver they prefer could possibly be a mature driver, has no prior claims, and has a high credit rating. A driver who fits that profile is entitled to the best price and most likely will save when they switch companies.

Potential customers who don’t meet these standards will be quoted higher rates and ends up with business not being written. The ads say “customers who switch” not “everyone that quotes” save that much. This is how insurance companies can confidently claim big savings. This emphasizes why drivers must get quotes from several different companies. Because you never know which insurance companies will have the lowest Mitsubishi Lancer Sportback insurance rates.

Car insurance coverages 101

Having a good grasp of car insurance aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are typical coverage types found on the average car insurance policy.

Coverage for medical payments – Med pay and PIP coverage provide coverage for bills for surgery, rehabilitation expenses, ambulance fees, pain medications and dental work. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers 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

Comprehensive coverages – This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like a broken windshield, hail damage, damage from flooding and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Auto liability – This coverage provides protection from damage that occurs to other people or property. It protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things like attorney fees, court costs, legal defense fees and medical services. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your 2014 Mitsubishi Lancer Sportback.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Collision – This coverage covers damage to your Lancer Sportback caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as rolling your car, scraping a guard rail and hitting a parking meter. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Smart consumers save more

When trying to cut insurance costs, it’s not a good idea to sacrifice coverage to reduce premiums. There are too many instances where an accident victim reduced liability limits or collision coverage to discover at claim time that the savings was not a smart move. The ultimate goal is to purchase plenty of coverage for the lowest price while still protecting your assets.

Discount 2014 Mitsubishi Lancer Sportback insurance is attainable on the web in addition to many insurance agents, so you should be comparing quotes from both to get a complete price analysis. A few companies do not provide the ability to get a quote online and these regional insurance providers work with independent agents.

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