Cheapest 2011 Mitsubishi Lancer Insurance Rates in 2023
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UPDATED: Jun 4, 2023
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Looking for lower insurance coverage rates for your Mitsubishi Lancer? Are you a victim of overpriced insurance coverage? Believe me, many consumers feel financially strained by their insurance coverage policy. Because you have many online and local companies to choose from, it can be diffult for consumers to locate the lowest cost car insurance company.
Which Insurance Coverage is Cheapest?
Reducing your 2011 Mitsubishi Lancer insurance rates is surprisingly easy. Just invest a little time to get quotes from different insurance companies. This can be done in a couple of different ways.
- The single most time-saving way consumers can analyze rates is a comparison rater form like this one (opens in new window). This form prevents you from having to do separate quotation requests for each company. One quote request will get you price quotes from multiple low-cost companies.
- A more time consuming way to get comparison quotes is going to each company website to request a price quote. For sake of this example, we’ll assume you want rates from Liberty Mutual, State Farm and American Family. To get each rate you have to spend time on each company’s site and enter your information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
- The most time-consuming method of comparing rate quotes is to drive around to and from local insurance agencies. Shopping for insurance coverage online can eliminate the need for a local agent unless you require the trained guidance of a licensed agent. It is possible to get prices online and still use a local agent. We’ll cover that shortly.
Whichever way you use, compare apples-to-apples quote information on every quote. If your comparisons have different deductibles it will be very difficult to find the best deal for your Mitsubishi Lancer.
Can you really save $443 a year?
Consumers constantly see and hear ads that promise big savings by Allstate, GEICO and Progressive. All the ads have a common claim of big savings if you switch to their company.
How do they all make almost identical claims? It’s all in the numbers.
All companies can use profiling for the type of customer that earns them a profit. An example of a desirable insured might be over the age of 50, has no driving citations, and has a high credit rating. Any driver that hits that “sweet spot” gets the lowest rates and most likely will pay quite a bit less when switching companies.
Consumers who don’t measure up to these standards will have to pay higher rates and ends up with the driver buying from a lower-cost company. The ad wording is “people who switch” but not “drivers who get quotes” save that kind of money. That is how companies can state the savings.
Because of the profiling, you need to get as many comparisons as possible. It’s impossible to know the company that will fit your personal profile best.
Discounts can save BIG
Properly insuring your vehicles can get expensive, buy you may qualify for discounts to help bring down the price. Some trigger automatically at the time of purchase, but a few must be specifically requested prior to receiving the credit. If they aren’t giving you every credit possible, you’re paying more than you need to.
- Discount for Swiching Early – Some insurance companies reward drivers for switching policies before your current expiration date. The savings is around 10%.
- Payment Discounts – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
- Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts could cut 10% or more off your medical payments premium.
- Student in College – Youth drivers who are attending college and don’t have a car can receive lower rates.
- New Vehicle Savings – Insuring a new car can be considerably cheaper since new cars are generally safer.
- Anti-theft Discount – Vehicles with anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
- Homeowners Discount – Being a homeowner may earn you a small savings because of the fact that having a home requires personal responsibility.
- Multiple Policy Discount – If you have multiple policies with the same insurance company you may earn up to 20% off your total premium.
As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Some only reduce specific coverage prices like physical damage coverage or medical payments. So when the math indicates you can get free auto insurance, you won’t be that lucky. Any qualifying discounts will help reduce the cost of coverage.
Insurance companies who might offer these money-saving discounts include:
It’s a good idea to ask all companies you are considering which discounts you may be entitled to. Discounts might not be offered in your state.
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Will just any policy work for me?
When it comes to choosing coverage, there really is not a cookie cutter policy. Every insured’s situation is different so your insurance should reflect that Here are some questions about coverages that might help in determining if your insurance needs might need professional guidance.
- How can I get high-risk coverage after a DUI?
- Am I covered if I crash into my own garage door?
- Does my personal policy cover me when driving out-of-state?
- Am I covered if I drive in a foreign country?
- Do I need PIP (personal injury protection) coverage in my state?
- Should I bundle my homeowners policy with my auto?
- Why am I required to buy liability insurance?
- Is a fancy paint job covered?
- What exactly is covered by my policy?
- Is my 2011 Mitsubishi Lancer covered for flood damage?
If you can’t answer these questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.
Knowing the specifics of your policy can help you determine which coverages you need for your vehicles. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages available from auto insurance companies.
Comprehensive auto insurance
Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like fire damage, damage from a tornado or hurricane, hitting a bird, vandalism and a broken windshield. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
This coverage will cover damages or injuries you inflict on other people or property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged property. Occasionally you may see one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.
Liability can pay for things such as pain and suffering, funeral expenses, legal defense fees and emergency aid. How much liability should you purchase? That is your choice, but buy as large an amount as possible.
This coverage will pay to fix damage to your Lancer caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims such as hitting a mailbox, rolling your car and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.
Coverage for medical expenses
Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for doctor visits, chiropractic care, EMT expenses and surgery. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages are identical to your policy’s liability coverage.
Be Smart and Buy Smart
Cost effective 2011 Mitsubishi Lancer insurance is attainable online as well as from independent agents, so compare prices from both to have the best selection. A few companies don’t offer you the ability to get quotes online and these smaller companies work with independent agents.
In this article, we presented many ideas to save on insurance. The key concept to understand is the more quotes you get, the better your comparison will be. You may be surprised to find that the lowest rates come from a lesser-known regional company. These smaller insurers may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate and Progressive.
To read more, feel free to visit the articles below:
- Auto Crash Statistics (Insurance Information Insitute)
- Event Data Recorders FAQ (iihs.org)
- What is Full Coverage? (Allstate)
- What is Covered by GAP Insurance? (Allstate)
Frequently Asked Questions
What factors affect the insurance rates for a 2011 Mitsubishi Lancer?
Several factors can influence the insurance rates for a 2011 Mitsubishi Lancer. These factors include the driver’s age, location, driving history, credit score, coverage options chosen, and the specific insurance provider’s pricing policies. Additionally, the car’s model (Mitsubishi Lancer), safety features, theft rates, repair costs, and the overall claims history for this particular vehicle may also impact the insurance rates.
Are sedans like the 2011 Mitsubishi Lancer generally cheaper to insure?
Sedans like the 2011 Mitsubishi Lancer can often have more affordable insurance rates compared to larger vehicles or sports cars. This is because sedans typically have lower repair costs and are considered less risky by insurance providers. However, insurance rates can still vary depending on other factors such as the driver’s profile, the specific model of the Mitsubishi Lancer, and the insurance provider’s policies.
How can I find the cheapest insurance rates for my 2011 Mitsubishi Lancer?
To find the cheapest insurance rates for your 2011 Mitsubishi Lancer, it is recommended to follow these steps:
- Shop around: Obtain quotes from multiple insurance providers to compare prices and coverage options.
- Maintain a clean driving record: Having a good driving history can help you qualify for lower insurance rates.
- Increase your deductibles: Opting for higher deductibles can lower your insurance premiums, but it also means you’ll pay more out of pocket in case of a claim.
- Bundle policies: If you have multiple insurance needs, consider bundling them with the same provider to potentially receive discounts.
- Inquire about discounts: Ask the insurance provider about any available discounts such as safe driver discounts, multi-policy discounts, or discounts for safety features like anti-theft devices or driver assistance systems.
Can the location where I live impact the insurance rates for my 2011 Mitsubishi Lancer?
Yes, the location where you live can influence your insurance rates. Insurance providers consider factors like the crime rate, traffic density, and the likelihood of accidents or thefts in your area when determining insurance premiums. If you live in an area with high crime rates or a high number of accidents, your insurance rates may be higher.
Are there any specific safety features that can help reduce the insurance rates for a 2011 Mitsubishi Lancer?
Yes, the 2011 Mitsubishi Lancer may come with safety features that can potentially lower insurance rates. These features may include anti-lock brakes (ABS), airbags, electronic stability control (ESC), traction control, and other advanced driver assistance systems. Insurance providers may offer discounts for having these safety features in your vehicle.
Should I consider minimum coverage or full coverage for my 2011 Mitsubishi Lancer?
The decision between minimum coverage and full coverage depends on your individual circumstances and preferences. Minimum coverage typically fulfills the legal requirements but may leave you financially vulnerable in case of an accident. Full coverage provides additional protection by including comprehensive and collision coverage, which covers damages to your own vehicle as well. Evaluate your budget, the value of your car, and your willingness to bear out-of-pocket expenses to determine which coverage option is right for you.
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