Mitsubishi Lancer Insurance Rates in Raleigh

If you want to save the most money, the best way to get the cheapest Mitsubishi Lancer insurance in Raleigh is to regularly compare prices from insurance carriers who sell auto insurance in North Carolina. Price quotes can be compared by following these steps.

1. Try to understand how insurance works and the steps you can take to drop your rates. Many risk factors that are responsible for high rates like careless driving and a poor credit score can be eliminated by paying attention to minor details.
2. Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like GEICO or Allstate, while independent agents can provide rate quotes from multiple sources. View a list of agents
3. Compare the new rates to your existing policy and see if there is a cheaper rate in Raleigh. If you find a better price, make sure there is no coverage gap between policies.
4. Provide adequate notice to your current company of your decision to cancel your current car insurance policy and submit payment and a signed application to the new insurer. Immediately place your new certificate verifying proof of insurance with your registration paperwork.

A good piece of advice is to use similar deductibles and liability limits on each price quote and and to get price estimates from as many companies as feasibly possible. This enables the most accurate price comparison and many rates to choose from.

It’s safe to conclude that car insurance companies don’t want you to look for cheaper rates. People who get comparison quotes once a year will presumably switch to a new company because there is a significant possibility of finding a more affordable policy. A recent study showed that people who routinely shopped for cheaper coverage saved on average $70 a month compared to policyholders who don’t make a habit of comparing rates.

If finding the cheapest rates on Mitsubishi Lancer insurance is your ultimate objective, then having a good understanding how to choose a company and compare insurance premiums can make it easier to find better rates.

Our goal is to introduce you to the best way to quote coverages and some money-saving tips. If you currently have a car insurance policy, you will most likely be able to cut your premiums using the following tips. Vehicle owners just have to know the best way to shop their coverage around from multiple carriers.

Mitsubishi Lancer coverage statistics

The price information shown below outlines estimates of insurance premium costs for Mitsubishi Lancer models. Having a better understanding of how car insurance premiums are established can be useful when making decisions when shopping your coverage around.

Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Price information does not factor in the specific area where the vehicle is garaged which can revise premium rates considerably.

Choosing deductibles

One of the more difficult decisions when buying car insurance is which deductibles should you choose. The rates below sum up the difference in cost between high and low insurance deductibles. The first set of prices uses a $100 comprehensive and collision deductible and the second set of prices uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rate information does not factor in vehicle location which can revise premiums considerably.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $22 more each month or $264 each year than choosing the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at least 18 months between claims, you would save money if you choose a higher deductible.

Reckless driving habits raise Raleigh car insurance rates

The diagram below highlights how speeding tickets and at-fault fender-benders impact Mitsubishi Lancer auto insurance costs for each age group. The premium estimates are based on a married male driver, full coverage, $100 deductibles, and no discounts are applied.

Learn How to Quote Insurance at a Discount

Smart consumers have a good feel for some of the things that are used to determine insurance rates. If you understand what determines base rates, this enables informed choices that could help you find lower rates.

• Lower premiums for vehicles with better crash test results – Safer cars can get you lower premiums. These vehicles reduce occupant injuries and lower rates of occupant injuries means less money paid by your insurance company which can result in lower premiums. If your Mitsubishi has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
• Always keep your insurance in force – Driving without insurance coverage in place can get your license suspended and you will pay a penalty because you let your coverage lapse. Not only will you pay more, not being able to provide proof of insurance might get you a license revocation or jail time.

• Gals pay lower prices – Over the last 50 years, statistics have shown women are more cautious behind the wheel. That doesn’t necessarily mean that women are better drivers. Females and males are in auto accidents in similar percentages, but the males get into accidents with more damage. They also get higher numbers of serious violations such as reckless driving.

  The example below visualizes the comparison of Mitsubishi Lancer car insurance rates for male and female drivers. The rate quotes are based on no tickets, no at-fault accidents, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are applied.

• Being married is a good thing – Being married can actually save you money on your policy. Having a significant other means you’re more mature and statistics show married drivers get in fewer accidents.
• Too many claims will drive prices up – Insurance companies in North Carolina award discounts to policyholders that do not abuse their auto insurance. If you frequently file small claims, you can expect much higher rates or policy non-renewal. Your car insurance is designed for the bigger claims that can’t be paid out-of-pocket.
• Save money with high credit – Credit score can be a huge factor in calculating your premium rate. Insureds that have very high credit ratings tend to be more responsible and file fewer claims than drivers who have bad credit. Therefore, if your credit rating leaves room for improvement, you could pay less to insure your Mitsubishi Lancer by repairing your credit.

• Mitsubishi Lancer insurance loss statistics – Insurance companies take into consideration historical loss data for every vehicle to calculate a rate that will offset losses. Vehicles that statistically have higher frequency or amount of claims will cost more for specific coverages.

  The table below illustrates the insurance loss data used by companies for Mitsubishi Lancer vehicles. For each insurance policy coverage type, the claim probability for all vehicles, without regard to make or model, is considered to be 100. Percentage values below 100 mean the vehicle has better than average losses, while values over 100 indicate a higher chance of having a claim or larger claims.

  
  

  Mitsubishi Lancer Insurance Loss Statistics

  Make and 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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

Best car insurance company in Raleigh

Selecting a high-quality insurance provider is difficult considering how many companies sell insurance in Raleigh. The company rank data in the lists below could help you choose which auto insurance companies you want to consider shopping prices with.

Top 10 Raleigh Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top 10 Raleigh Car Insurance Companies Ranked by Customer Service

1. USAA
2. Travelers
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Safeco Insurance
7. Progressive
8. State Farm
9. The Hartford
10. The General

Affordable insurance rates are available

Budget-friendly insurance in Raleigh is available on the web in addition to many Raleigh insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some companies do not offer price quotes online and usually these small, regional companies provide coverage only through independent agencies.

While you’re price shopping online, never buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured dropped collision coverage only to discover later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase a proper amount of coverage at the best price.

Insureds who switch companies do it for any number of reasons including policy non-renewal, poor customer service, questionable increases in premium and not issuing a premium refund. Regardless of your reason, finding the right insurance provider is not as hard as you think.

To read more, feel free to visit the articles below:

• Understanding Car Crashes Video (iihs.org)
• Who Has Affordable Raleigh Car Insurance Rates for Drivers with a Bad Driving Record? (FAQ)
• What Car Insurance is Cheapest for a Toyota 4Runner in Raleigh? (FAQ)
• Who Has the Cheapest Raleigh Auto Insurance Rates for Teachers? (FAQ)
• Who Has Cheap Auto Insurance for a Dodge Ram in Raleigh? (FAQ)
• New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
• Teen Driving and Texting (State Farm)