Are you at wits end from scraping the payment together to keep your car insured? You are no different than many other drivers. Online insurance companies like Progressive, State Farm and GEICO continually bombard you with advertising and it is difficult to sift through the bull and take the time to shop coverage around.
Consumers should take time to compare rates once or twice a year due to the fact that insurance rates are variable and change quite frequently. If you had the best premium rates for Lancer insurance on your last policy you may be paying too much now. Block out anything you think you know about auto insurance because I’m going to teach you one of the quickest ways to properly buy coverages and cut your premium.
Finding a lower price on 2014 Mitsubishi Lancer insurance is actually quite simple. All that’s required is to take the time getting comparison quotes from online providers. This can be accomplished by using one of the methods below.
Whichever method you choose, be certain you are entering identical quote information on every quote. If the quotes have different data you can’t possibly get a fair rate comparison.
Insurance can cost an arm and a leg, but there’s a good chance there are discounts that many people don’t even know exist. Certain discounts will be triggered automatically when you complete an application, but once in a while a discount must be asked about before you will receive the discount.
A little disclaimer on discounts, most discounts do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as medical payments or collision. So when the math indicates it’s possible to get free car insurance, it doesn’t quite work that way.
A partial list of companies that have some of the above discounts include:
Before buying, ask each company which discounts you may be entitled to. Savings might not apply in your area.
It’s important that you understand some of the factors that play a part in calculating the price you pay for auto insurance. If you know what impacts premium levels, this enables you to make decisions that can help you get lower auto insurance prices. Many different elements are considered when pricing auto insurance. Some of the criteria are obvious such as traffic violations, although others are not as apparent such as whether you are married or how safe your car is.
The list below includes some of the most common factors used by companies to determine your prices.
When buying the right insurance coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your policy should reflect that. Here are some questions about coverages that could help you determine if you may require specific advice.
If it’s difficult to answer those questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and may give you better protection.
Knowing the specifics of your auto insurance policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and reading a policy is terribly boring. Shown next are the usual coverages found on the average auto insurance policy.
Collision coverage protection
This coverage covers damage to your Lancer resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like hitting a parking meter, sideswiping another vehicle, rolling your car, driving through your garage door and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.
Auto liability insurance
This coverage protects you from damage that occurs to people or other property by causing an accident. It protects you from claims by other people. It does not cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Another option is one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage protects against things such as emergency aid, repair costs for stationary objects, bail bonds, medical services and legal defense fees. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mitsubishi Lancer.
Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.
Comprehensive coverage (or Other than Collision)
This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims such as a tree branch falling on your vehicle, rock chips in glass and hitting a bird. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Insurance for medical payments
Med pay and PIP coverage provide coverage for expenses for nursing services, prosthetic devices, doctor visits and funeral costs. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Affordable 2014 Mitsubishi Lancer insurance can be bought from both online companies in addition to many insurance agents, and you need to price shop both to get a complete price analysis. Some insurance companies do not provide online price quotes and many times these regional carriers provide coverage only through independent insurance agencies.
We’ve covered a lot of information how to get a better price on 2014 Mitsubishi Lancer insurance. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding low cost insurance coverage. Consumers could even find that the lowest rates come from a company that doesn’t do a lot of advertising. Some small companies may only write in your state and offer lower auto insurance rates than the large multi-state companies such as State Farm, GEICO and Nationwide.
More tips and info about car insurance is available at these sites: