2003 Mitsubishi Lancer Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Sep 2, 2022

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Trying to find cheaper insurance rates for your Mitsubishi Lancer? Shopping for car insurance is not a chore car owners relish, but regardless it’s required in order to drive legally.

It’s important to take a look at other company’s rates periodically due to the fact that insurance rates are adjusted regularly by insurance companies. Even if you got the best rates on Lancer coverage on your last policy other companies may now be cheaper. Starting now, forget anything you know (or think you know) about insurance because we’re going to show you the only way to reduce your cost while increasing coverage.

Take discounts and save

Car insurance is not cheap, but there are discounts available to help offset the cost. Certain discounts will be triggered automatically at the time of quoting, but less common discounts must be requested specifically before being credited.

  • Pay Now and Pay Less – By paying your policy upfront instead of making monthly payments you may reduce your total bill.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.
  • Multi-policy Discount – When you have multiple policies with one company you may earn at least 10% off all policies.
  • Life Insurance Discount – Some companies give better rates if you take out life insurance from them.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may save up to 50% more on Lancer coverage than drivers with accident claims.
  • Early Signing – Some companies give discounts for buying a policy prior to your current policy expiration. This can save 10% or more.
  • No Charge for an Accident – A few companies will forgive one accident before raising your premiums so long as you haven’t had any claims for a set time period.
  • Seat Belt Usage – Requiring all passengers to use a seat belt can save 10% or more off your PIP or medical payments premium.
  • Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
  • Drivers Ed for Students – Cut your cost by having your teen driver complete a driver education course in school.

Drivers should understand that some credits don’t apply to your bottom line cost. Most cut the cost of specific coverages such as comp or med pay. Just because you may think all those discounts means the company will pay you, you won’t be that lucky. But any discount will reduce the amount you have to pay.

Car insurance companies who might offer some of the above discounts include:

Before buying, ask each insurance company what discounts are available to you. Discounts may not apply in your area.

Finding Auto Insurance Deals

Most companies like 21st Century, Allstate and State Farm provide price estimates directly from their websites. Getting quotes doesn’t take much effort as you just enter your coverage information as detailed in the form. When complete, their rating system automatically orders information on your driving record and credit history and returns pricing information based on these factors.

Online price quotes makes it a lot easier to compare rates but the time it takes to visit a lot of sites and fill out multiple forms is repetitive and time-consuming. Unfortunately, it is important to do this if you are searching for the best price on auto insurance.

There is an easier way!

The easiest way to lower your auto insurance bill makes use of a single form that analyzes rates from a bunch of companies at once. It’s a real time-saver, eliminates repetitive work, and makes online quotes much easier to do. As soon as the form is sent, it is quoted and you can choose any of the returned quotes.

If you find a better price you can click and sign and buy the policy. The whole process just takes a couple of minutes and you’ll know if lower rates are available.

To save time and compare pricing, click here and submit your coverage information. If you have coverage now, it’s recommended you copy the coverage information exactly as shown on your declarations page. Using the same limits helps guarantee you will receive rate comparison quotes based on the exact same insurance coverage.

Which policy gives me the best coverage?

When it comes to buying the best auto insurance coverage for your vehicles, there is no single plan that fits everyone. Everyone’s situation is unique.

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These are some specific questions might point out if you may require specific advice.

  • How can I get my company to pay me more for my totalled car?
  • What is roadside assistance coverage?
  • Can my babysitter drive my car?
  • Which is better, split liability limits or combined limits?
  • Who is covered when they drive my 2003 Mitsubishi Lancer?
  • I have good health insurance, so how much medical payments coverage do I need?
  • What if I owe more than I can insure my car for?
  • Are rental cars covered under my policy?
  • Do I have coverage when making deliveries for my home business?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, complete this form.

Coverages available on your policy

Knowing the specifics of your auto insurance policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Liability insurance

Liability insurance protects you from damage or injury you incur to other people or property by causing an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims like loss of income, repair costs for stationary objects and medical services. How much coverage you buy is a personal decision, but buy as large an amount as possible.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Mitsubishi Lancer.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive coverages

Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, fire damage, damage from flooding and vandalism. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage protection

This pays for damage to your Lancer resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like rolling your car, scraping a guard rail, damaging your car on a curb and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for nursing services, funeral costs, hospital visits and surgery. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Pennies from heaven

In this article, we presented many tips how you can get a better price on 2003 Mitsubishi Lancer insurance. It’s most important to understand that the more quotes you get, the higher the chance of saving money. You may even discover the lowest rates come from some of the smallest insurance companies.

As you shop your coverage around, never skimp on critical coverages to save a buck or two. Too many times, an insured cut uninsured motorist or liability limits and discovered at claim time they didn’t purchase enough coverage. The aim is to buy enough coverage for the lowest price.

Consumers switch companies for any number of reasons including policy cancellation, denial of a claim, not issuing a premium refund and even high prices. Whatever your reason, finding the right auto insurance provider is easier than you think.

Helpful information

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