Compare Mitsubishi Lancer Insurance Quotes in Lincoln

How long has it been since the last time you looked for low-cost Mitsubishi Lancer insurance in Lincoln? Are you regretting the purchase of an under-performing, overpriced auto insurance policy? Trust us, you’re not the only one.

It’s well known that auto insurance companies want to keep you from comparing prices. People who get comparison quotes once a year are highly likely to buy a different policy because there is a significant possibility of getting low-cost coverage. A recent auto insurance study discovered that drivers who routinely compared rates saved as much as $3,400 over four years compared to policyholders who never shopped around for lower prices.

If finding discount rates on Mitsubishi Lancer insurance is your ultimate goal, then having a grasp of how to get price quotes and compare car insurance can save time, money, and frustration.

Steps to finding more affordable Mitsubishi Lancer insurance in Lincoln

It takes a few minutes, but the best way to find cheaper car insurance rates is to begin comparing prices regularly from insurers in Lincoln. You can compare prices by following these steps.

• Step 1: Gain an understanding of what is in your policy and the steps you can take to keep rates down. Many risk factors that result in higher rates like inattentive driving and a not-so-good credit score can be controlled by making lifestyle changes or driving safer.
• Step 2: Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO and Allstate, while independent agencies can give you price quotes from multiple insurance companies.
• Step 3: Compare the new quotes to your current policy and see if you can save money. If you find a better price and switch companies, ensure there is no coverage lapse between policies.
• Step 4: Notify your agent or company of your intention to cancel your current policy and submit the application along with any required down payment to the newly selected company. As soon as you can, store the proof of insurance certificate in your vehicle’s glove compartment or console.

The key aspect of shopping around is to try to use the same coverage limits and deductibles on every quote and and to analyze every company you can. This helps ensure a fair rate comparison and the best rate selection.

Vehicle owners have so many car insurance companies to insure vehicles with, and although it’s nice to be able to choose, more choices can make it harder to find the best rates for Mitsubishi Lancer insurance in Lincoln.

How to buy Mitsubishi Lancer insurance in Lincoln, Nebraska

It’s important to know that quoting more will increase your chances of finding a lower rate.

The companies shown below offer free quotes in Lincoln, NE. To get the best cheap auto insurance in Lincoln, NE, we suggest you get price quotes from several of them in order to get a fair rate comparison.

Insurance policy discounts you can’t miss

Insurance is easily one of your largest bills, but there may be some discounts that may help make it more affordable. Most are applied at the time you complete a quote, but lesser-known reductions have to be asked for prior to receiving the credit. If they aren’t giving you every credit possible, you are throwing money away.

• Professional Memberships – Affiliation with specific professional or occupational memberships or organizations could qualify you for a break when getting a Lincoln car insurance quote.
• Multi-policy Discount – When you combine your auto and homeowners insurance and insure them with the same company you could get a discount of up to 20% and get you low cost Mitsubishi Lancer insurance.
• College Student Discount – Any of your kids who are enrolled in a college that is more than 100 miles from Lincoln and won’t have access to an insured vehicle can receive lower rates.
• Cautious Driver Discount – Accident-free drivers may save up to 50% more than drivers with accident claims.
• Government Employee Discount – Federal government employees can save as much as 8% with certain companies.

Discounts save money, but please remember that most discounts do not apply to all coverage premiums. Most cut individual premiums such as medical payments or collision. Just because it seems like you could get a free insurance policy, that’s just not realistic.

The chart below compares Mitsubishi Lancer annual premium costs with and without policy discounts. The price estimates are based on a male driver, no violations or claims, Nebraska state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, multi-car, homeowner, safe-driver, and claim-free discounts applied.

A list of insurance companies and their possible discounts can be read below.

• State Farm discounts include Steer Clear safe driver discount, good driver, multiple autos, driver’s education, passive restraint, Drive Safe & Save, and defensive driving training.
• Liberty Mutual offers premium reductions for multi-policy, good student, teen driver discount, new graduate, preferred payment discount, exclusive group savings, and new vehicle discount.
• American Family has savings for good student, Steer into Savings, early bird, air bags, multi-vehicle, and good driver.
• Progressive includes discounts for multi-policy, homeowner, online quote discount, continuous coverage, and online signing.
• Farmers Insurance may include discounts for good student, business and professional, electronic funds transfer, alternative fuel, early shopping, teen driver, and mature driver.
• Auto-Owners Insurance may offer discounts for anti-theft, paid in full, good student, anti-lock brakes, mature driver, and company car.
• SAFECO offers discounts including teen safe driver, teen safety rewards, bundle discounts, multi-car, anti-lock brakes, and anti-theft.

Before you buy a policy, ask each company which credits you are entitled to. Some of the earlier mentioned discounts may not be offered in every state. To find insurers that offer some of these discounts in Nebraska, follow this link.

Insurance rate breakdown

The coverage table below outlines estimates of rate quotes for Mitsubishi Lancer models. Learning how car insurance premiums are determined is important for drivers to make informed decisions when comparing rates.

Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Information does not factor in Lincoln location which can change insurance rates substantially.

Deductible analysis

One of the most common insurance questions is how low should you set your deductibles. The comparisons below may help you to understand the costs and benefits when you select higher and lower coverage deductibles. The first price estimate table uses a $100 deductible for comprehensive and collision coverage and the second price grid uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Premium amounts do not factor in vehicle garaging location which can revise prices considerably.

Based on the figures above, using a $100 deductible costs roughly $39 more each month or $468 for a full year than quoting the higher $1,000 deductible. Because you would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go more than 23 months between claims, you would probably save some money if you elect the higher deductible.

Cost difference between full coverage and liability

The diagram below visualizes the comparison of Mitsubishi Lancer insurance prices with full coverage compared to only the Nebraska minimum liability coverage. The costs are based on no claims or violations, $1,000 deductibles, single status, and no policy discounts are applied.

When to drop comp and collision

There is no clear-cut formula of when to eliminate physical damage coverage, but there is a general convention. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Mitsubishi Lancer book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after the policy deductible has been paid. If premium cost is more than $200 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some situations where dropping physical damage coverage is not a good plan. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage in place.

Buying insurance from Lincoln auto insurance agents

A small number of people just want to go talk to an agent and that is recommended in a lot of cases One of the benefits of comparing rates online is that you can find lower premium rates but still work with a licensed agent. Buying from and supporting small agencies is important particularly in Lincoln.

To make it easy to find an agent, after completing this simple form, your insurance data is instantly submitted to insurance agents in Lincoln who will give you bids for your business. You won’t even need to find an agent because quoted prices will be sent immediately to you. It’s the lowest rates and an insurance agent to talk to. If you wish to get a price quote from a particular provider, just find their quoting web page and complete a quote there.

Multiple types of auto insurance agents in Lincoln

If you want to buy insurance from a reliable agent, you need to know there are two types of agencies that you can choose from. Insurance agents are either independent or exclusive.

Independent Agents (or Brokers)

Independent agents do not have single company limitations and that is an advantage because they can write policies with a variety of different insurance companies and find you cheaper rates. If premiums increase, they simply move your policy to a different company and you won’t have to switch agencies. If you are comparing rate quotes, it’s a good idea to get rate quotes from independent agents so that you have a good selection of quotes to compare.

Below is a list of independent agents in Lincoln that may be able to give competitive price quotes.

View more Lincoln agents

Exclusive Insurance Agents

These agents are contracted to one company like AAA, Allstate, State Farm, or Farmers Insurance. They usually cannot provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive agents are well schooled on their products and sales techniques and that allows them to sell at a higher price point.

Shown below are Lincoln exclusive insurance agencies that can give you price quote information.

View more Lincoln agents

Picking the best auto insurance agent should include more criteria than just a cheap price. These are some valid questions you should ask.

• Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
• Are there any discounts for paying up front?
• How many companies do they write for?
• Do the companies they represent have a solid financial rating?
• Can you contact them at any time?
• Is the agency active in community causes in Lincoln?

Smart Buyers Save Money

Lots of things are used when premium rates are determined. Some are obvious such as traffic violations, but other criteria are less apparent like where you live or your commute time.

• Better car insurance rates with anti-theft devices – Purchasing a vehicle with advanced anti-theft systems can get you a discount on your car insurance. Systems that thwart thieves like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping your car from being stolen.

• Rates also based on gender – Over time, data shows that men are more aggressive behind the wheel. It does not mean females are better drivers. Females and males are responsible for auto accidents at a similar rate, but males cause more damage. In addition to higher claims, males also receive more costly citations like DUI and reckless driving. Youthful male drivers tend to get in the most accidents and are penalized with high car insurance rates.

  The illustration below illustrates the comparison of Mitsubishi Lancer car insurance rates for male and female drivers. The price estimates are based on no accidents, no driving violations, comprehensive and collision coverage, $250 deductibles, single marital status, and no additional discounts are factored in.

• Low physical damage deductibles can be expensive – Your deductibles define how much you are willing to pay out-of-pocket if a covered claim is submitted. Insurance for physical damage, also called ‘full coverage’, insures against damage to your car. Examples of covered claims are a windshield broken by a bird, animal collisions, and having a roll-over accident. The more of the claim you are required to pay out-of-pocket, the lower your rates will be.

• Car insurance rates and age – More mature drivers are more cautious drivers, file fewer claims, and tend to be get fewer driving tickets. Teenage drivers are statistically shown to get distracted easily with other occupants in the car therefore car insurance rates are much higher.

  The next chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

• Poor credit can mean higher premiums – Having a bad credit history will be a significant factor in determining your rates. So if your credit history is not that good, you may save money insuring your Mitsubishi Lancer by improving your credit score. Drivers who have good credit tend to file fewer claims than drivers with lower ratings.
• Extra coverages can add up – There are quite a few additional coverages that may not really be needed but may not be useful. Insurance for things like vanishing deductibles, towing, and extra equipment coverage could be just wasting money. These coverages may sound good at first, but your needs may have changed so think about removing them and cutting costs.

• Mitsubishi Lancer insurance loss statistics – Companies use past loss statistics for each vehicle when setting premium prices. Vehicles that the data shows to have high amounts or severity of claims will have higher rates.

  The table below shows the insurance loss data for Mitsubishi Lancer vehicles. For each insurance policy coverage type, the claim probability for all vehicles, without regard to make or model, is a value of 100. Percentages below 100 mean the vehicle has better than average losses, while values that are above 100 indicate more frequent losses or an increased probability of a larger loss.

  
  

  Mitsubishi Lancer Insurance Loss Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Mitsubishi Lancer 2WD	153	146	127	192	218	172
  Mitsubishi Lancer 4WD	149	131	148	135
  Mitsubishi Lancer Evolution 4WD	225	123	221

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

Buying the right Mitsubishi Lancer insurance in Nebraska is an important decision

Despite the fact that auto insurance is not cheap in Lincoln, maintaining insurance is most likely required but also gives you several important benefits.

First, almost all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance if you don’t want to risk a ticket. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you bought your car with a loan, it’s most likely the lender will require that you have full coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender may have to buy a policy to insure your Mitsubishi at a much higher premium rate and make you pay for the expensive policy.

Third, auto insurance preserves not only your Mitsubishi Lancer but also your financial assets. Insurance will also pay for all forms of medical expenses incurred in an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.

The benefits of having auto insurance definitely exceed the price paid, particularly if you ever have a claim. According to a recent study, the average American driver is currently overpaying as much as $855 a year so it’s important to compare rates each time the policy renews to be sure current rates are still competitive.

Quote often and quote early

Throughout this article, we presented a lot of techniques to save on Mitsubishi Lancer insurance in Lincoln. The most important thing to understand is the more quotes you get, the higher the chance of saving money. You may even discover the lowest priced car insurance comes from a small local company. Some small companies can often insure niche markets at a lower cost compared to the large companies like State Farm, GEICO and Nationwide.

Cost effective Mitsubishi Lancer insurance can be purchased on the web and from local insurance agents, and you should be comparing both to get a complete price analysis. There are still a few companies who may not have internet price quotes and most of the time these smaller providers provide coverage only through independent agencies.

As you quote Lincoln car insurance, you should never reduce needed coverages to save money. There have been many cases where consumers will sacrifice physical damage coverage only to regret they didn’t purchase enough coverage. Your aim should be to buy the best coverage you can find at the best price.

How to buy discount Mitsubishi Lancer insurance in Lincoln

The preferred way to find more affordable Mitsubishi Lancer insurance is to make a habit of regularly comparing prices from insurance carriers that sell auto insurance in Lincoln. You can compare prices by completing these steps.

• Step 1: Get a basic knowledge of the coverage provided by your policy and the measures you can control to drop your rates. Many policy risk factors that are responsible for high rates such as inattentive driving and a low credit score can be rectified by making minor changes to your lifestyle.
• Step 2: Request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from a single company like Progressive or State Farm, while independent agents can give you price quotes for a wide range of companies. Select a company
• Step 3: Compare the new rate quotes to your current policy premium and determine if there is any savings. If you can save some money and switch companies, verify that coverage does not lapse between policies.

The key aspect of shopping around is to try to compare the same coverage limits and deductibles on each quote and and to get price estimates from as many companies as feasibly possible. This ensures an accurate price comparison and a complete rate analysis.

Other resources

• Keeping Children Safe in Crashes Video (iihs.org)
• What Insurance is Cheapest for Drivers Under 21 in Lincoln? (FAQ)
• Who Has Cheap Car Insurance for First-time Drivers in Lincoln? (FAQ)
• Who Has Cheap Auto Insurance for a Honda Accord in Lincoln? (FAQ)
• Who Has Cheap Lincoln Auto Insurance for High School Students? (FAQ)
• Older Driver Statistics (Insurance Information Institute)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
• Electronic Stability Control FAQ (iihs.org)
• Understanding Rental Car Insurance (Insurance Information Institute)