Want to know an easy way to compare cheaper insurance rates in Lubbock, TX? Lubbock shoppers have many options when shopping for the lowest priced Mitsubishi Lancer insurance. They can either spend hours contacting agents to compare prices or utilize the internet to compare rates. There is a right way and a wrong way to buy insurance and we’ll show you the quickest way to price shop coverage on a Mitsubishi and obtain the lowest price.
The best way to compare car insurance rates for Mitsubishi Lancer insurance in Lubbock is to take advantage of the fact most of the bigger providers participate in a system to compare rate quotes. To start a quote, the only thing you need to do is provide a small amount of information like the year, make and model of vehicles, how much education you have, coverage limits, and any included safety features. Those rating factors is sent automatically to insurance carriers in your area and you will get price comparisons within a short period of time.
To find lower cheaper Mitsubishi Lancer insurance rates now, click here and find out if you can get cheaper insurance in Lubbock.
The providers in the list below are ready to provide free rate quotes in Texas. To get cheap auto insurance in Lubbock, TX, we suggest you visit several of them to get the best price comparison.
Score discounts to get cheaper Lubbock insurance quotes
Car insurance companies don’t always advertise all discounts in a way that’s easy to find, so we took the time to find both well-publicized as well as some of the hidden discounts that may be available. If you are not receiving all the discounts available, you’re paying more than you need to.
- Claim-Free Discount – Drivers with accident-free driving histories have much lower rates when compared to accident-prone drivers.
- Responsible Driver Discount – Drivers without accidents may receive a discount up to 45% as compared to drivers with claims.
- Government Employee Discount – Having worked for a branch of the government could provide a small rate reduction with a few insurance companies.
- Student Discounts – Excelling in school can get you a discount of up to 25%. This discount can apply until age 25.
- Active Military Service – Having a deployed family member could mean lower prices.
- Safety Restraint Discount – Drivers who always wear seat belts and also require passengers to buckle their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
It’s important to note that some of the credits will not apply to your bottom line cost. Most only apply to the cost of specific coverages such as comp or med pay. So when it seems like adding up those discounts means a free policy, nobody gets a free ride.
The example below shows the comparison of Mitsubishi Lancer insurance costs with and without discounts applied to the premium. The costs are based on a female driver, no accidents or driving violations, Texas 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 safe-driver, multi-car, claim-free, marriage, homeowner, and multi-policy discounts applied.
If you would like to choose from a list of providers with discount rates in Lubbock, follow this link.
Rates and information analytics
The coverage table shown next highlights estimates of insurance costs for Mitsubishi Lancer models. Understanding how car insurance premiums are determined is important to be able to make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $286 | $572 | $400 | $24 | $120 | $1,402 | $117 |
| Lancer ES | $286 | $572 | $400 | $24 | $120 | $1,402 | $117 |
| Lancer GTS | $318 | $660 | $400 | $24 | $120 | $1,522 | $127 |
| Lancer Sportback GTS | $318 | $660 | $400 | $24 | $120 | $1,522 | $127 |
| Lancer RALLIART | $350 | $746 | $400 | $24 | $120 | $1,640 | $137 |
| Lancer Sportback Ralliart | $350 | $746 | $400 | $24 | $120 | $1,640 | $137 |
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Estimates do not factor in specific Lubbock garaging location which can alter prices significantly.
How Insurance Companies Calculate Mitsubishi Lancer Insurance Rates
Multiple criteria are part of the calculation when you get your auto insurance bill. Some are obvious like your driving record, but some are not as apparent like your vehicle usage and annual miles driven. When buying insurance it’s important to understand some of the things that go into determining your premiums. If you have some idea of what impacts premium levels, this enables informed choices that can earn you much lower annual insurance costs.
Shown below are just a few of the factors that factor into your rate level.
- What are your deductibles? – Your deductibles define the amount you are required to spend if you file a covered claim. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some examples of covered claims would be collision with another vehicle, damage from fire, and damage caused by road hazards. The more of the claim you pay before a claim is paid (deductible), the lower your rates will be.
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Men are more aggressive – Statistics have proven that men are more aggressive behind the wheel. That doesn’t necessarily mean that women are better drivers. Males and females cause fender benders at about the same rate, but the men tend to have higher claims. Not only are claims higher, but men have more aggressive citations like DUI and reckless driving.
The illustration below shows the comparison of Mitsubishi Lancer insurance costs for male and female drivers. The rates are based on no accidents, no driving violations, full physical damage coverage, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
- Alarms and GPS tracking lower prices – Driving a car with a theft deterrent system can earn a premium discount. Systems that thwart thieves like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent car theft.
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Drive a fast car and pay more – The performance of the vehicle you are trying to find cheaper insurance for makes a big difference in your car insurance bill. The cheapest insurance rates tend to be for economy passenger cars, but many other things help determine your insurance rates.
The next chart is based on a married female driver age 40, full coverage with $500 deductibles, and no discounts or violations. It illustrates Mitsubishi Lancer rates compared to other vehicles that have different performance rating factors.
- Policy add-ons add up – There are many add-on coverages that can add up but may not be useful. Things like rental car coverage, high-cost glass coverage, and extra life insurance coverage are examples of these. They may sound like good ideas at first, but your money might be better spent on other coverage so eliminate them to save money.
- Does your occupation raise your premiums? – Did you know your career choice can influence rates? Occupations such as judges, police officers, and emergency personnel generally pay the highest rates attributed to intense work requirements and lengthy work days. Conversely, occupations like professors, historians and the unemployed pay lower than average rates.
- Improve your credit rating – Credit score factor in determining premium rates. Consumers who have good credit tend to file fewer claims than those with poor credit. If your credit rating is lower than you’d like, you could save money insuring your Mitsubishi Lancer by improving your rating.
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Mitsubishi Lancer insurance loss statistics – Insurance companies analyze the history of losses to help calculate premium costs. Vehicles that the statistics show to have higher claim frequency or loss amount will cost more for specific coverages.
The next table illustrates the actual insurance loss data for Mitsubishi Lancer vehicles. For each policy coverage type, the loss probability for all vehicles, as a total average, is represented as 100. Numbers shown that are under 100 imply a favorable loss record, while numbers above 100 show a trend for more claims or an increased likelihood of larger losses.
Mitsubishi Lancer Insurance Claim Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Mitsubishi Lancer 2WD 153 146 127 192 218 172 Mitsubishi Lancer 4WD 149 131 148 135 Mitsubishi Lancer Evolution 4WD 225 123 221 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When to talk to an insurance agency
A lot of people prefer to talk to a local agent and doing that can be a smart decision Licensed agents can help you build your policy and help in the event of a claim. One of the best bonuses of getting online price quotes is that drivers can save money and get the best rates and still have an agent to talk to.
After completing this quick form, your coverage information is sent to local insurance agents in Lubbock that can provide free Lubbock car insurance quotes for your business. It simplifies rate comparisons since you won’t have to find an agent on your own as quotes are delivered to you directly. In the event you want to get a comparison quote from a specific auto insurance provider, you can always navigate to their website and submit a quote form there.
Finding the right insurance company is decision based upon more than just a cheap quote. Below are some questions you should ask.
- Do they specialize in personal lines coverage in Lubbock?
- Will high miles depreciate repair valuations?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Do they have cheaper tiers of coverage?
- Which family members are covered?
Do I just need basic coverages?
Always remember that when buying the right insurance coverage, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs so this has to be addressed.
For instance, these questions might help in determining whether you could use an agent’s help.
- Are my friends covered when driving my car?
- When should I remove my kid from my policy?
- Which companies will insure high-risk drivers?
- Do I pay less for low miles?
- Am I covered if I have no license?
- Is pleasure use cheaper than using my Mitsubishi Lancer to commute?
- Do I need to file an SR-22 for a DUI in Texas?
- When should I not file a claim?
If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.
Quote. Compare. Save.
Some auto insurance companies do not provide the ability to get a quote online and usually these small insurance companies only sell through independent insurance agencies. Cost effective Mitsubishi Lancer insurance can be found on the web in addition to many Lubbock insurance agents, so compare prices from both to have the best chance of lowering rates.
Throughout this article, we presented many ways to save on Mitsubishi Lancer insurance in Lubbock. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding the cheapest Mitsubishi Lancer rate quotes. Consumers could even find that the best premium rates are with the smaller companies. These smaller insurers can often provide lower prices in certain areas compared to the large companies like Progressive and GEICO.
When shopping online for auto insurance, you should never skimp on coverage in order to save money. Too many times, someone dropped full coverage to discover at claim time they didn’t purchase enough coverage. Your focus should be to find the BEST coverage at an affordable rate, not the least amount of coverage.
How to find better rates for Mitsubishi Lancer insurance in Lubbock
The preferred way to get budget car insurance rates in Lubbock is to compare prices once a year from insurers who provide car insurance in Texas.
First, spend some time learning about how companies set rates and the things you can control to keep rates down. Many factors that increase rates such as traffic tickets, fender benders, and an unacceptable credit score can be eliminated by making minor changes to your lifestyle.
Second, compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO and State Farm, while independent agents can quote rates from multiple insurance companies.
Third, compare the price quotes to your current policy premium and determine if cheaper Lancer coverage is available. If you find a lower rate quote, verify that coverage does not lapse between policies.
Fourth, provide adequate notice to your current company of your decision to cancel the current policy and submit the application along with any required down payment to your new company or agent. Make sure you put the certificate verifying proof of insurance with your vehicle’s registration.
One important bit of advice is to make sure you enter similar deductibles and liability limits on each quote request and and to get quotes from every insurance company. Doing this helps ensure the most accurate price comparison and a thorough price selection.
Additional detailed information can be found in these articles:
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Who Has Affordable Car Insurance Rates for Teenage Males in Lubbock? (FAQ)
- Who Has Affordable Lubbock Car Insurance Quotes for a Subaru Outback? (FAQ)
- How Much is Lubbock Auto Insurance for a Nissan Altima? (FAQ)
- What Insurance is Cheapest for Teenagers in Lubbock? (FAQ)
- How Much are Car Insurance Rates for Drivers Under 21 in Lubbock? (FAQ)
- Who Has Cheap Car Insurance for Used Cars in Lubbock? (FAQ)
- Understanding Rental Car Insurance (Insurance Information Institute)
- Understanding your Policy (NAIC.org)