The easiest way to find more affordable Mitsubishi Lancer insurance is to compare prices once a year from companies in Detroit.
- Learn about individual coverages and the steps you can take to keep rates down. Many policy risk factors that are responsible for high rates like speeding and a poor credit rating can be amended by making small lifestyle or driving habit changes.
- Quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from one company like GEICO and State Farm, while independent agencies can provide prices for a wide range of insurance providers. Compare rates
- Compare the quotes to your current policy to see if a cheaper price is available in Detroit. If you find a better price, ensure there is no coverage lapse between policies.
An important bit of advice to remember is that you’ll want to compare identical coverages on each price quote and and to get quotes from as many different insurance providers as possible. This provides a level playing field and a thorough price selection.
It’s shocking but nearly 70% of customers renewed their policy with the same company for over three years, and almost half have never quoted auto insurance rates at all. Consumers in the United States could save about $860 a year, but they don’t understand how simple it is to compare rates and save money.
When comparing insurance rates, know that comparing more rates from different companies helps increase your odds of locating a lower rate than you’re paying now. Not every company provides Detroit Lancer insurance quotes online, so you should also compare price estimates from them, too.
The companies shown below are ready to provide price comparisons in Michigan. To find cheap auto insurance in MI, we recommend you get rates from several of them to get a more complete price comparison.
Mitsubishi Lancer insurance statistics and information
The information shown next showcases a range of insurance rates for Mitsubishi Lancer models. Learning how rates are determined can benefit drivers when making smart choices when comparing insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Lancer Sportback GTS||$426||$836||$662||$40||$198||$2,162||$180|
|Lancer Sportback Ralliart||$468||$946||$662||$40||$198||$2,314||$193|
|Get Your Own Custom Quote Go|
Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Premium costs do not factor in specific Detroit garaging location which can increase or decrease coverage rates noticeably.
Yearly auto insurance costs for men versus women
The chart below illustrates the difference between Mitsubishi Lancer premium costs for male and female drivers. The data is based on no accidents or driving violations, comprehensive and collision coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.
Does full coverage make sense?
The diagram below shows the comparison of Mitsubishi Lancer insurance costs when comparing full coverage to liability only. The premiums are based on no accidents, no driving violations, $250 deductibles, marital status is single, and no discounts are applied.
When to stop paying for full coverage
There is no exact rule of when to eliminate full coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your Mitsubishi Lancer settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after you pay the deductible. If you are currently paying more than $400 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where only buying liability is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Nine discounts for lower-cost auto insurance quotes
Auto insurance is easily one of your largest bills, but companies offer discounts that many consumers don’t even know exist. Certain discounts will be applied at the time of purchase, but some must be specially asked for before they will apply.
- Low Mileage Discounts – Driving fewer miles can earn cheaper prices.
- Sign Early and Save – A few larger companies give discounts for renewing your policy prior to the expiration date on your current Lancer insurance policy. It could save around 10% when you buy Detroit car insurance online.
- Good Student Discount – A discount for being a good student can earn a discount of 20% or more. Many companies even apply the discount to college students well after school through age 25.
- Anti-theft System – Cars equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and earn discounts up to 10% off your Detroit car insurance quote.
- Defensive Driver Discounts – Passing a safe driver class could earn you a small percentage discount and also improve your driving technique.
- Onboard Data Collection – Policyholders that allow data collection to study driving manner through the use of a telematics system like Allstate’s Drivewise could save a few bucks if their driving habits are good.
- Braking Control Discount – Cars, trucks, and SUVs with ABS and/or traction control have fewer accidents and qualify for as much as a 10% discount.
- Memberships – Belonging to qualifying employment or professional organizations is a good way to get lower rates when shopping for auto insurance.
- Own a Home – Being a homeowner can save you money because maintaining a house demonstrates responsibility.
A little disclaimer on discounts, most credits do not apply to the entire cost. The majority will only reduce specific coverage prices like comp or med pay. If you do the math and it seems like you could get a free auto insurance policy, insurance companies wouldn’t stay in business.
The illustration below shows the comparison of Mitsubishi Lancer auto insurance rates with and without some available policy discounts. The prices are based on a female driver, no violations or accidents, Michigan state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, marriage, multi-car, and safe-driver discounts applied.
A few companies that may have many of the previously listed discounts include:
- State Farm
- Liberty Mutual
- American Family
- Farmers Insurance
- Auto-Owners Insurance
When getting free Detroit car insurance quotes, it’s a good idea to every insurance company how many discounts you can get. Some discounts listed above might not be offered on policies in your area. To locate companies with the best Mitsubishi Lancer insurance discounts in Michigan, click this link.
Car insurance protects more than just your car
Even though it’s not necessarily cheap to insure a Mitsubishi in Detroit, maintaining insurance may be mandatory for several reasons.
- The majority of states have compulsory liability insurance requirements which means state laws require specific limits of liability coverage if you don’t want to risk a ticket. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Lancer has a loan, almost all lenders will require that you have insurance to ensure they get paid if you total the vehicle. If the policy lapses, the bank or lender will purchase a policy for your Mitsubishi at a much higher rate and force you to pay a much higher amount than you were paying before.
- Car insurance protects not only your vehicle but also your assets. It will also pay for hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If your Mitsubishi gets damaged, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of having insurance more than offset the price you pay, especially if you ever need it. According to a survey of 1,000 drivers, the average driver is overpaying over $700 annually so it’s important to compare rates at every policy renewal to ensure rates are competitive.
How much car insurance do I need?
Always remember that when buying adequate coverage, there is no one-size-fits-all type of policy. You are unique and your car insurance should be unique as well.
For example, these questions can help discover if your situation could use an agent’s help.
- Do I have newly-acquired coverage?
- Can I afford to pay high deductible claims out of pocket?
- Are rock-chip repairs free?
- Is my trailer covered?
- Does my insurance cover a custom paint job?
- Do I have any recourse if my insurance company denies a claim?
- When should I have rental car coverage?
- How do I insure my teen driver?
- Is business equipment covered while in my vehicle?
If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier
When should I have guidance from an agent?
Some people still like to visit with an insurance agent and that is a personal choice. The best thing about comparing rate quotes online is you can get better rates and still have an agent to talk to.
Upon completion of this form (opens in new window), your coverage information gets sent to companies in Detroit that can provide free Detroit car insurance quotes for your car insurance coverage. It simplifies rate comparisons since you won’t have to do any legwork as quotes are delivered to you instantly. You can find the lowest rates and work with a local agent. If you wish to get a price quote from a specific car insurance provider, feel free to find their quoting web page to submit a rate quote request.
Choosing an insurance company is decision based upon more than just the premium amount. A good agent in Detroit will have answers to these questions.
- Do they get extra compensation for selling add-on coverages?
- Are claims handled at the agent’s location?
- Do the coverages you’re quoting properly cover your vehicle?
- Will the agent or a CSR service your policy?
- Do you need full coverage on every vehicle?
- Can they help ensure a fair claim settlement?
When finding a local insurance agency, you must know there are a couple types of agencies and how they can write your policy. Agencies in Detroit are either independent agents or exclusive agents.
These type of agents normally can only provide a single company’s rates like Allstate and State Farm. They usually cannot shop your coverage around so they have to upsell other benefits. Exclusive insurance agents receive a lot of sales training on what they offer and that can be a competitive advantage. A lot of people use the same agent primarily because of the brand and the convenience of having all coverages with one company.
Below are exclusive agents in Detroit willing to provide price quote information.
- Kenya Wells – State Farm Insurance Agent
20021 Kelly Rd – Detroit, MI 48225 – (313) 822-5948 – View Map
- Tony Massey – State Farm Insurance Agent
15 E Kirby St #112 – Detroit, MI 48202 – (313) 873-3334 – View Map
- Michelle Sims – State Farm Insurance Agent
24970 W Outer Dr – Lincoln Park, MI 48146 – (313) 928-1348 – View Map
These agents do not have single company limitations and that is an advantage because they can write policies through many companies enabling the ability to shop coverage around. If you are not satisfied with one company, they can switch companies in-house which requires no work on your part. When comparing rates, you absolutely need to compare prices from independent agents to ensure the widest selection of prices. Many independent agencies also insure through mutual insurance companies which can be an advantage.
Listed below are independent agencies in Detroit that can give you rate quotes.
- Cagwin Insurance Agency
3031 W Grand Blvd #320 – Detroit, MI 48202 – (313) 875-9147 – View Map
- L.A. Insurance Agency
15607 Grand River Ave – Detroit, MI 48227 – (313) 835-4000 – View Map
- Midwest Underwriters Insurance
19640 Harper Ave – Grosse Pointe Woods, MI 48236 – (313) 884-8600 – View Map
After receiving good responses and locked in a price quote, you may have found a car insurance agent that can service your policy. It’s important to know that you have the power to terminate coverage when you choose so don’t assume that you’re stuck with the car insurance policy for the entire policy term.
Detailed coverages of your auto insurance policy
Having a good grasp of a auto insurance policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverage types found on most auto insurance policies.
Liability insurance – This coverage protects you from injuries or damage you cause to other’s property or people in an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 20/40/10 which means a $20,000 limit per person for injuries, a total of $40,000 of bodily injury coverage per accident, and property damage coverage for $10,000.
Liability coverage protects against claims such as pain and suffering, loss of income, structural damage and medical expenses. How much liability should you purchase? That is your choice, but you should buy higher limits if possible. Michigan state law requires minimum liability limits of 20/40/10 but you should consider buying better liability coverage.
The chart below demonstrates why low liability limits may not be high enough to cover claims.
Comprehensive coverage (or Other than Collision) – This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as fire damage, damage from a tornado or hurricane, hitting a bird and a broken windshield. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Uninsured Motorist or Underinsured Motorist insurance – This coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers carry very low liability coverage limits (20/40/10 in Michigan), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.
Insurance for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like ambulance fees, funeral costs, pain medications and nursing services. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible
Collision – Collision coverage covers damage to your Lancer resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for claims such as colliding with a tree, crashing into a ditch and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible on your Lancer to save money on collision insurance.