Mitsubishi Lancer Insurance Rates in Riverside

Insurance for Mitsubishi LancerIf your goal is the lowest price, then the best way to find cheaper quotes for Mitsubishi Lancer insurance in Riverside is to do an annual price comparison from insurers that sell auto insurance in California. You can compare rates by completing these steps.

An important bit of advice to remember is that you’ll want to make sure you compare identical coverages on every price quote and to quote with as many different companies as possible. This ensures the most accurate price comparison and many rates to choose from.

A recent auto insurance study discovered that most auto insurance policyholders in California have bought auto insurance from the same company for at least the last four years, and about 40% of consumers have never compared rate quotes at all. Consumers in the United States could save themselves up to $850 a year just by comparing rates, but they just don’t understand how easy it is to compare rates.

The quickest method we recommend to compare insurance rates in your area is to take advantage of the fact most of the bigger providers participate in online systems to provide you with a free rate quote. To start a quote, the only thing you need to do is provide details such as your education level, your credit rating estimate, if it has an alarm system, and the ages of drivers. That information is automatically sent to many of the top insurers and you will receive price estimates almost instantly.

To compare multiple company cheaper Mitsubishi Lancer insurance rates now, click here and enter your zip code.

The car insurance companies shown below have been selected to offer price comparisons in California. If more than one company is shown, it’s a good idea that you visit two to three different companies to get a more complete price comparison.

Mitsubishi Lancer coverage statistics

The table displayed next highlights detailed analysis of policy rates for Mitsubishi Lancer models. Understanding how insurance policy premiums are determined can be of help when making decisions when shopping around.

Mitsubishi Lancer Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $370 $834 $500 $30 $150 $1,884 $157
Lancer ES $370 $834 $500 $30 $150 $1,884 $157
Lancer GTS $412 $960 $500 $30 $150 $2,052 $171
Lancer Sportback GTS $412 $960 $500 $30 $150 $2,052 $171
Lancer RALLIART $454 $1086 $500 $30 $150 $2,220 $185
Lancer Sportback Ralliart $454 $1086 $500 $30 $150 $2,220 $185
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Rate quotes do not factor in zip code location which can alter premium rates substantially.

The illustration below highlights how deductible choice and can affect Mitsubishi Lancer insurance costs for different ages of insureds. The costs are based on a married male driver, comp and collision included, and no discounts are taken into consideration.

Impact of age and gender on insurance rates

The diagram below visualizes the comparison of Mitsubishi Lancer insurance costs for male and female drivers. The information is based on no tickets, no at-fault accidents, full physical damage coverage, $500 deductibles, marital status is single, and no additional discounts are factored in.

Full coverage rates vs. liability-only

The information below compares Mitsubishi Lancer car insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on no claims, a clean driving record, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

When to buy liability coverage only

There is no written rule for excluding comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let’s say your Mitsubishi Lancer settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after the deductible is paid. If it’s costing in excess of $200 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some cases where dropping full coverage is not a good plan. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Three reasons to not skimp on insurance

Despite the high cost of buying insurance for a Mitsubishi Lancer in Riverside, maintaining insurance is required in California but also provides important benefits.

The benefits of insuring your car definitely exceed the cost, particularly when you have a large claim. On average, a vehicle owner in Riverside overpays as much as $800 each year so smart consumers compare quotes once a year at a minimum to be sure current rates are still competitive.

Components of Your Mitsubishi Lancer Insurance Rates

When buying insurance it’s important to understand some of the factors that help calculate your insurance rates. If you have a feel for what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may reward you with lower insurance prices. Many factors are used when pricing auto insurance. Some are obvious such as your driving record, but some are more obscure like your vehicle usage or how safe your car is.

The itemized list below are a few of the “ingredients” used by your company to calculate your rates.

Do you qualify for discounts on Mitsubishi Lancer insurance in Riverside?

Car insurance is not cheap, but companies offer discounts to cut the cost considerably. Certain discounts will be triggered automatically when you purchase, but some must be specially asked for prior to getting the savings. If you check and find you aren’t receiving every discount you qualify for, it’s possible you qualify for a lower rate.Cheaper insurance with discounts

As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So even though you would think having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy. Any amount of discount will help lower the premium cost.

The chart below illustrates the difference between Mitsubishi Lancer insurance costs with and without discounts. The data assumes a male driver, no violations or claims, California state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, homeowner, claim-free, multi-policy, and safe-driver discounts applied.

Some companies that may include some of the above discounts include:

Check with all the companies which discounts they offer. Depending on the company, some discounts may not be offered in your state. To see a list of providers who offer cheap Mitsubishi Lancer insurance quotes in Riverside, click this link.

Which policy gives me the best coverage?

When quoting and choosing a policy, there really isn’t a “best” method to buy coverage. Everyone’s situation is unique so your insurance should reflect thatHigher deductibles save money
For example, these questions might point out if you might need professional guidance.

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Insurance agencies can help

Many drivers would prefer to buy from a licensed agent. A nice benefit of comparing insurance prices online is the fact that drivers can get cheap rate quotes but still work with a licensed agent.

Find insurance agent in RiversideFor easy comparison, once you complete this form (opens in new window), your information is emailed to insurance agents in Riverside who can give free rate quotes to get your business. It makes it easy because there is no need to drive around because quoted prices will be sent immediately to you. You’ll get the best rates without requiring a lot of work. In the event you want to get a rate quote for a specific company, you can always find their quoting web page and give them your coverage information.

Choosing the best insurer should depend on more than just a cheap price quote. Any good agent in Riverside should know the answers to these questions.

The following is a short list of insurers in Riverside that may be willing to give price quotes for Mitsubishi Lancer insurance in Riverside.

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In Summary

We just presented a lot of ways to lower your Mitsubishi Lancer insurance rates in Riverside. The key thing to remember is the more you quote Riverside car insurance, the better your comparison will be. You may even be surprised to find that the lowest priced car insurance comes from a smaller regional carrier. Smaller companies can often provide lower auto insurance rates in certain areas compared to the large companies like GEICO and State Farm.

As you prepare to switch companies, make sure you don’t skimp on critical coverages to save a buck or two. There have been many cases where an insured cut full coverage and learned later that the small savings ended up costing them much more. Your objective should be to buy enough coverage at the best price, but do not sacrifice coverage to save money.

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