Affordable San Francisco Mitsubishi Lancer Insurance

Want to learn how to find low-cost Mitsubishi Lancer insurance in San Francisco? Are you at wits end from scraping nickels together to buy auto insurance? You’re in the same situation as the majority of other drivers in California.

A recent survey discovered that nearly 70% of drivers have remained with the same auto insurance company for four years or more, and 38% of drivers have never shopped around. Many drivers in California could save $500 every year, but they just don’t want to find affordable rates by getting comparison quotes. Many insurance companies compete for your insurance dollar, and it can be difficult to compare rates and get the definite lowest cost out there.

If you have a current car insurance policy or are shopping for new coverage, use these techniques to lower your rates and possibly find even better coverage. Finding the cheapest car insurance coverage in San Francisco is easy if you know what you’re doing. You just have to use the quickest method to find the lowest price online.

The quickest method we recommend to get policy rate comparisons for Mitsubishi Lancer insurance in San Francisco is to know the fact auto insurance companies have advanced systems to compare rate quotes. All you need to do is give them some information such as the make and model of your vehicles, how much school you completed, your occupation, and if you have a valid license. That rating data gets transmitted to multiple car insurance providers and you will receive price estimates very quickly.

To find the cheapest Mitsubishi Lancer insurance rates, click here and find out if lower rates are available in San Francisco.

The following companies are our best choices to provide free rate quotes in California. If multiple companies are shown, we recommend you visit as many as you can to get the best price comparison.

Here’s why insurance is not optional

Despite the high cost, insurance is required in California but it also protects you in many ways.

• The majority of states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability coverage in order to get the vehicle licensed. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you took out a loan on your Mitsubishi, more than likely the lender will make it a condition of the loan that you have comprehensive coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Mitsubishi for a lot more money and force you to reimburse them much more than you were paying before.
• Insurance protects not only your Mitsubishi but also your financial assets. It also can pay for most medical and hospital costs for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if anyone sues you for causing an accident. If your Mitsubishi gets damaged, comprehensive and collision coverage will cover the repair costs.

The benefits of buying insurance more than cancel out the cost, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is overpaying more than $750 every year so we recommend shopping around at every renewal to ensure rates are competitive.

Car insurance analysis for a Mitsubishi Lancer

The coverage table below outlines different insurance coverage prices for Mitsubishi Lancer models. Understanding how insurance policy premiums are calculated can benefit drivers when making informed decisions when shopping around for a new policy.

Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in specific garaging location which can alter prices substantially.

Comparison of policy deductibles

One of the most common car insurance questions is how low should you set your deductibles. The rates shown below may aid in understanding the price difference when you choose different comp and collision deductibles. The first rate quote example uses a $250 deductible for comp and collision and the second rate chart uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Premium costs do not factor in specific location which can affect premium rates greatly.

Using the premium rates above, we can conclude that using a $250 deductible will cost you approximately $40 more each month or $480 a year averaged for all Lancer models than quoting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you go at least 19 months between claim filings, you would save money if you elect the higher deductible.

The example below highlights how deductible selection and can change Mitsubishi Lancer insurance costs for different ages of insureds. The premiums assume a married male driver, full coverage, and no discounts are applied.

Tickets and at-fault accidents raise rates

The information below illustrates how traffic citations and fender-benders increase Mitsubishi Lancer insurance premiums for each age group. The premiums are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.

Mitsubishi Lancer liability-only versus full coverage

The diagram below visualizes the comparison of Mitsubishi Lancer annual premium costs when comparing full coverage to liability only. The rates are based on no tickets, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are factored in.

Should you pay for full coverage or liability only?

There is no definitive rule of when to eliminate physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your Mitsubishi Lancer settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after paying your deductible. If you are paying in excess of $600 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some situations where only buying liability is not in your best interest. If you still have a lienholder on your title, you have to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

Lower rate quotes by applying these nine discounts

Buying insurance is not cheap, but there are discounts available that could help you make your next renewal payment. Most are applied when you complete an application, but a few must be asked about prior to receiving the credit.

• Homeowners Savings – Being a homeowner may earn you a small savings since home ownership requires a higher level of personal finance.
• Accident Forgiveness Coverage – Not really a discount, but some companies like Liberty Mutual and GEICO may permit one accident without the usual rate increase with the catch being you have to be claim-free for a specific time period.
• Memberships – Being in a professional or civic organization is a good way to get lower rates on insurance.
• Pay Now and Pay Less – By making one initial payment rather than paying monthly you may have a lower total premium amount.
• Safety Restraint Discount – Buckling up and requiring all passengers to buckle their seat belts can save up to 10 percent (depending on the company) off the personal injury premium cost.
• Driver Education Discount – It’s a good idea to have your young drivers complete a driver education course in school.
• No Accidents – Drivers who don’t have accidents get the best insurance rates as compared to drivers who are more careless.
• Driver Training Discounts – Taking a course in defensive driving may get you a small discount and also improve your driving technique.
• Responsible Driver Discount – Accident-free drivers may receive a discount up to 45% than drivers with accident claims.

Don’t be shocked that some credits don’t apply to the overall cost of the policy. Most cut individual premiums such as physical damage coverage or medical payments. Just because it seems like you would end up receiving a 100% discount, it’s just not the way it works.

The diagram below illustrates the difference between Mitsubishi Lancer insurance costs with and without discounts applied to the rates. The information is based on a female driver, no accidents, no driving violations, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, multi-policy, homeowner, and multi-car discounts applied.

Large insurance companies and some of the discounts are detailed below.

• GEICO offers discounts for driver training, military active duty, air bags, seat belt use, and daytime running lights.
• Travelers may offer discounts for good student, IntelliDrive, save driver, continuous insurance, student away at school, payment discounts, and home ownership.
• Farm Bureau has discounts for driver training, safe driver, youthful driver, multi-vehicle, multi-policy, 55 and retired, and renewal discount.
• Liberty Mutual offers premium reductions for newly married, new graduate, multi-policy, new move discount, new vehicle discount, and multi-car.
• American Family discounts include early bird, defensive driver, bundled insurance, good student, Steer into Savings, multi-vehicle, and accident-free.
• Progressive policyholders can earn discounts including homeowner, multi-vehicle, online signing, multi-policy, online quote discount, and continuous coverage.

Double check with each company how you can save money. All car insurance discounts might not apply in your state. If you would like to view insurers that offer discounts in San Francisco, follow this link.

Special considerations

When it comes to coverage online or from an agent, there isn’t really a one-size-fits-all type of policy. Your needs are unique to you.

For instance, these questions might point out if your insurance needs might need an agent’s assistance.

• What should my uninsured motorist coverage limits be in California?
• Does car insurance cover theft of personal property?
• Where can I find DUI or SR-22 insurance?
• Can I afford low physical damage deductibles?
• Does every company file a SR-22 automatically?
• Does my liability insurance cover pulling a trailer or camper?

If you can’t answer these questions then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.