Compare Mitsubishi Lancer Insurance Rate Quotes in Dallas

It takes a few minutes, but the best way to find low-cost prices for Mitsubishi Lancer insurance is to compare prices once a year from different companies who can sell car insurance in Dallas. Prices can be compared by following these steps.

1. Take a little time to learn about auto insurance and the things you can control to keep rates in check. Many rating criteria that result in higher prices such as speeding tickets, careless driving and a substandard credit history can be improved by making minor changes in your lifestyle.
2. Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like Progressive and State Farm, while independent agents can quote prices from multiple insurance companies. Compare rates
3. Compare the quotes to your existing coverage to determine if switching companies saves money. If you find a lower rate quote and change companies, verify that coverage does not lapse between policies.

One tip to remember is to try to use similar coverage information on each quote request and and to get rates from as many companies as feasibly possible. This enables an apples-to-apples comparison and a complete price analysis.

It’s an obvious statement that car insurance companies want to prevent you from shopping around. Insureds who shop around annually are very likely to move their business because there is a good chance of finding good coverage at a lower price. Remarkably, a study showed that people who made a habit of comparing rate quotes saved on average $865 annually compared to other drivers who didn’t regularly shop around.

If finding the most affordable Mitsubishi Lancer insurance in Dallas is your intention, then learning a little about how to compare insurance can make it simple to find affordable coverage.

Just remember that comparing more rates from different companies helps locate better pricing.

The auto insurance companies shown below are our best choices to provide quotes in Dallas, TX. If more than one company is shown, we recommend you click on several of them to get the best price comparison.

Why you need quality insurance for your Lancer

Despite the high cost, insurance is not optional due to several reasons.

• Almost all states have mandatory insurance requirements which means the state requires a minimum amount of liability coverage in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Mitsubishi has a loan, almost every bank will make it a condition of the loan that you buy insurance to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender may insure your Mitsubishi at a more expensive rate and force you to reimburse them a much higher amount than you were paying before.
• Insurance protects both your Mitsubishi Lancer and your personal assets. Insurance will pay for many types of medical costs for yourself as well as anyone injured by you. Liability coverage, the one required by state law, also pays expenses related to your legal defense if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of insuring your Lancer definitely exceed the price paid, especially if you ever need it. As of last year, the average driver in Texas overpays as much as $830 a year so it’s very important to do a rate comparison once a year at a minimum to ensure rates are inline.

Mitsubishi Lancer insurance rates and statistics

The coverage table displayed below showcases different coverage prices for Mitsubishi Lancer models. Having insight into how rate quotes are established can help drivers make decisions on which coverage to buy.

Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in specific garaging location which can affect coverage rates considerably.

Physical damage deductible comparison

The hardest decision when buying coverage is where should you set your physical damage deductibles. The following tables outline the rate difference when you buy lower versus higher comp and collision deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second set of prices uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in your specific Dallas location which can revise rates considerably.

Based on these figures, using a $250 deductible could cost the average driver approximately $19 more each month or $228 each year than buying the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at a minimum 13 months between claim filings, you would come out ahead by selecting a higher deductible. The illustration below shows a better example of how you can perform this determination yourself.

The illustration below highlights how deductible choice and can raise or lower Mitsubishi Lancer insurance costs for different age groups of insureds. The information is based on a single male driver, full coverage, and no discounts are applied.

Difference between liability only and full coverage rates

The chart below illustrates the difference between Mitsubishi Lancer yearly insurance costs with and without physical damage coverage. The rate quotes are based on no accidents, no driving violations, $250 deductibles, marital status is single, and no other discounts are factored in.

Should you pay for full coverage or liability only?

There isn’t a written rule for eliminating physical damage coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your Mitsubishi Lancer claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $4,000 after paying your policy deductible. If it’s costing in excess of $400 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some conditions where dropping full coverage is not in your best interest. If you haven’t paid off your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

These discounts can lower Mitsubishi Lancer insurance rates

Car insurance is not cheap nor is it fun to buy but you may find discounts to help offset the cost. Many of these discounts will be applied automatically when you complete an application, but a few need to be inquired about prior to receiving the credit.

• Bundle and Save – When you have multiple policies and insure them both with the same insurance company they may give you a discount of up to 20% off your total Lancer insurance premium.
• Driving Data Discount – Insureds who allow driving data collection to look at driving patterns by using a telematic data system like Allstate’s Drivewise might get better premium rates if they exhibit good driving behavior.
• Early Switch Discount – A few larger companies give discounts for switching companies prior to the expiration date on your current Lancer insurance policy. Ten percent is about the average savings.
• Discount for Passive Restraints – Vehicles with factory air bags or automatic seat belts can receive discounts of 25 to 30%.
• Student Discounts – Maintaining excellent grades can save 20 to 25%. You can use this discount normally well after school through age 25.

A little note about advertised discounts, some credits don’t apply to the entire policy premium. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, it’s just not the way it works.

The example below compares Mitsubishi Lancer insurance costs with and without discounts applied to the policy rates. The information is based on a female driver, no claims or driving citations, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, marriage, safe-driver, multi-car, and multi-policy discounts applied.

Some of the insurance companies that possibly offer many of the previously listed discounts include:

• GEICO
• Auto-Owners Insurance
• American Family
• Esurance
• Progressive
• State Farm
• AAA

If you need lower rates, check with each insurance company to give you their best rates. Some of the discounts discussed earlier may not apply in Dallas. If you would like to choose from a list of car insurance companies who offer cheap Mitsubishi Lancer insurance quotes in Texas, click here to view.

Which is the best car insurance?

Always keep in mind that when comparing coverage online or from an agent, there isn’t really a perfect coverage plan. Your needs are unique to you.

For example, these questions may help highlight whether you would benefit from an agent’s advice.

• Do I have newly-acquired coverage?
• Can I use my car for my catering business?
• Is my camper covered by my car insurance policy?
• What is an umbrella policy?
• What states are considered no-fault?
• What can I do if my company denied a claim?
• Should I have a commercial auto policy?
• Will my rates increase for filing one claim?
• Is my babysitter covered when using my vehicle?
• Is pleasure use cheaper than using my Mitsubishi Lancer to commute?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form.