Want to learn a better way to compare the cheapest Mitsubishi Lancer insurance in Mesa? Online price comparisons for inexpensive Mitsubishi Lancer insurance in Mesa can be a challenge if you are like most people and have never completed online car insurance quotes. But don’t be overwhelmed because online price shopping is actually quite simple.
How to quote cheaper Mitsubishi Lancer insurance in Mesa
It takes a little time, but the best way to find discount auto insurance rates in Mesa is to start comparing prices regularly from companies in Arizona.
First, read and learn about the different coverages in a policy and the things you can change to keep rates down. Many rating factors that cause rate increases like traffic violations and bad credit can be improved by making lifestyle changes or driving safer.
Second, request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes for many different companies. Compare rates
Third, compare the price quotes to your current policy premium to see if a cheaper price is available in Mesa. If you can save some money, ensure coverage does not lapse between policies.
Fourth, provide proper notification to your current company of your intention to cancel the current policy and submit the signed application along with the required initial payment to your new insurance company. Don’t forget to keep your new proof of insurance paperwork in an easily accessible location in your vehicle.
An important bit of advice to remember is that you use identical deductibles and limits on every price quote and and to analyze as many different insurance providers as possible. Doing this guarantees an apples-to-apples comparison and a thorough price selection.
Shocking but true, the vast majority of consumers renewed their policy with the same company for more than four years, and approximately 40% of consumers have never even shopped around for cheaper coverage. With the average car insurance premium being $1,600, Mesa drivers could save an average of up to $730 each year just by comparing rates, but they don’t know the benefits if they bought a different policy.
You need to take a look at other company’s rates as often as possible because prices are constantly changing. Despite the fact that you may have had the best deal on Mitsubishi Lancer insurance in Mesa six months ago other companies may now be cheaper. Forget all the misinformation about car insurance because I’m going to teach you the quickest way to save on car insurance.
Choosing the most cost-effective auto insurance policy in Mesa can be easy if you know a few tricks. If you are paying for car insurance now, you stand a good chance to be able to find better prices using the tips covered below. But Arizona drivers must learn how companies determine prices because rates fluctuate considerably.
Just keep in mind that quoting more will improve the odds of getting lower pricing. Some companies don’t provide price estimates online, so it’s important to compare price quotes on coverage from those companies, too.
The companies shown below offer comparison quotes in Arizona. To locate cheap auto insurance in Arizona, it’s highly recommended you visit as many as you can to get the cheapest price.
Insurance rate breakdown
The data table shown next covers detailed analysis of insurance prices for Mitsubishi Lancer models. Understanding how premiums are calculated is important for you to make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $212 | $370 | $300 | $18 | $90 | $990 | $83 |
| Lancer ES | $212 | $370 | $300 | $18 | $90 | $990 | $83 |
| Lancer GTS | $236 | $428 | $300 | $18 | $90 | $1,072 | $89 |
| Lancer Sportback GTS | $236 | $428 | $300 | $18 | $90 | $1,072 | $89 |
| Lancer RALLIART | $262 | $484 | $300 | $18 | $90 | $1,154 | $96 |
| Lancer Sportback Ralliart | $262 | $484 | $300 | $18 | $90 | $1,154 | $96 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rate quotes do not factor in specific garaging location which can influence prices considerably.
Where to set your deductibles
One frequently asked question is how high or low should comp and collision deductibles be. The following insurance rates can help illustrate the rate fluctuation of buying low and high coverage deductibles. The first set of prices uses a $100 physical damage deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $292 | $548 | $300 | $18 | $90 | $1,273 | $106 |
| Lancer ES | $292 | $548 | $300 | $18 | $90 | $1,273 | $106 |
| Lancer GTS | $324 | $632 | $300 | $18 | $90 | $1,389 | $116 |
| Lancer Sportback GTS | $324 | $632 | $300 | $18 | $90 | $1,389 | $116 |
| Lancer RALLIART | $358 | $716 | $300 | $18 | $90 | $1,507 | $126 |
| Lancer Sportback Ralliart | $358 | $716 | $300 | $18 | $90 | $1,507 | $126 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $162 | $290 | $300 | $18 | $90 | $860 | $72 |
| Lancer ES | $162 | $290 | $300 | $18 | $90 | $860 | $72 |
| Lancer GTS | $180 | $334 | $300 | $18 | $90 | $922 | $77 |
| Lancer Sportback GTS | $180 | $334 | $300 | $18 | $90 | $922 | $77 |
| Lancer RALLIART | $198 | $376 | $300 | $18 | $90 | $982 | $82 |
| Lancer Sportback Ralliart | $198 | $376 | $300 | $18 | $90 | $982 | $82 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in vehicle garaging location which can modify prices considerably.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs an average of $39 more each month or $468 annually across all Mitsubishi Lancer models than quoting the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 23 months between claims, you would save money if you decide on a higher deductible.
How to calculate deductible break even period
| Average monthly premium for $100 deductibles: | $116 |
| Average monthly premium for $1,000 deductibles (subtract): | – $77 |
| Monthly savings from raising deductible: | $39 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $39 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
One thing to be aware of is that raising deductibles results in a higher out-of-pocket expense when you have a physical damage claim. You need to make sure you have enough extra savings in the event you need to pay the higher deductible in order to repair your vehicle.
The diagram below shows how choosing a deductible and can change Mitsubishi Lancer insurance prices for different categories of driver ages. Data assumes a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
Do you need full coverage?
The diagram below shows the comparison of Mitsubishi Lancer auto insurance rates with and without physical damage coverage. The rate quotes are based on no violations or claims, $1,000 deductibles, single status, and no other discounts are factored in.
Deciding between full coverage and liability only
There is no definitive guideline to exclude physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s assume your Mitsubishi Lancer replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after the deductible is paid. If you are paying more than $400 annually for physical damage coverage, then you might want to think about dropping full coverage.
There are some scenarios where removing full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.
Discounts for cheap insurance rates
Insurance is neither fun to buy or cheap, but discounts can save money and there are some available that many people don’t even know exist. Certain discounts will be triggered automatically at the time of quoting, but a few need to be requested specifically in order for you to get them. If you do not check that you are getting every discount possible, you’re paying more than you need to.
- Good Student – Excelling in school can get you a discount of up to 25%. Many companies even apply the discount to college students up until you turn 25.
- Anti-lock Brakes – Cars equipped with ABS or steering control can avoid accidents so you can save 10 percent or more.
- E-sign – Many companies may give you up to $50 for buying a policy and signing up on your computer.
- Drive Safe and Save – Drivers without accidents can save as much as half off their rates as compared to drivers with claims.
- Discount for New Cars – Buying coverage on a new vehicle can save you some money due to better safety requirements for newer vehicles.
- Federal Employees – Simply working for the federal government can earn a discount up to 10% with some insurance companies.
- Drivers Education – Require your teen driver to participate in a local driver’s education class as it will make them better drivers and lower rates.
Discounts reduce rates, but you should keep in mind that most discounts do not apply to your bottom line cost. Most cut the price of certain insurance coverages like medical payments or collision. Even though the math looks like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.
The example below illustrates the difference between Mitsubishi Lancer yearly insurance costs with and without discounts applied to the premium. The premiums are based on a male driver, no claims or violations, Arizona state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, multi-policy, safe-driver, and claim-free discounts applied.
To find insurance companies who offer free Mitsubishi Lancer insurance quotes in Arizona, click here to view.
Why you need car insurance
Despite the fact that car insurance is not cheap in Mesa, paying for car insurance may be required for several reasons.
- Just about all states have mandatory liability insurance requirements which means you are required to carry specific limits of liability if you want to drive legally. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Lancer with a loan, almost every bank will require you to buy insurance to guarantee payment of the loan. If coverage lapses or is canceled, the bank may buy a policy for your Mitsubishi at a significantly higher premium and require you to fork over for it.
- Car insurance protects your vehicle and your assets. Insurance will also pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if anyone sues you for causing an accident. If your car is damaged in a storm or accident, your policy will cover the repair costs.
The benefits of carrying enough insurance are without a doubt worth the cost, particularly when you have a large claim. According to a 2015 survey, the average American driver is overpaying more than $869 every year so compare quotes from several companies at every renewal to save money.
Local insurance agents
Some people prefer to sit down with an agent and that is just fine! One of the benefits of getting free rate quotes online is that you can obtain lower rates but still work with a licensed agent.
Once you complete this short form, your insurance coverage information is instantly submitted to local insurance agents in Mesa who will give competitive quotes for your insurance coverage. It’s much easier because you don’t need to leave your house as quotes are delivered to you directly. You can find better rates without requiring a lot of work. If for some reason you want to get a comparison quote for a specific company, don’t hesitate to find their quoting web page and fill out the quote form the provide.
Choosing the best company needs to be determined by more than just the bottom line cost. These are valid questions to ask:
- Can you use your own choice of collision repair facility?
- Does the agency support the community they serve?
- Will the company cover a rental car if your car is getting fixed?
- Does the agent have a valid license to sell insurance in Arizona?
- Are all drivers listed on the coverage quote?
- Will your rates increase after a single accident?
After talking to the agent and getting positive feedback to any questions you have as well as a affordable price, you’ve probably found an provider that will properly insure your vehicles.