Car Insurance Quotes for Mitsubishi Lancer

Owners of the Mitsubishi Lancer give it high marks for being an affordable, yet sporty, vehicle that is fun to drive. As the owner of a Mitsubishi Lancer, you want to ensure you’re covered with proper auto insurance. Depending on a host of factors, including the type of coverage you choose, a policy for this type of vehicle should cost between $75 and $143 monthly.

Freeway Insurance has experienced agents who can help you determine the cheapest insurance options that match your budget and requirements.

There are several types of car insurance. The type of coverage you choose will affect how much you end up paying in premiums. The two primary options are minimum liability and full coverage.

Full Coverage

A full coverage policy, which can cost as little as $143 per month for a Mitsubishi Lancer, provides you with the best protection should you get into an accident. It includes state-required liability insurance, plus collision, which will help pay for your own vehicle even if you are at fault, and comprehensive, which covers incidents such as theft and natural disasters.

State Minimum Liability

Minimum liability is the most basic type of coverage that you would have to obtain to legally drive a car in your state. With this kind of policy, which costs $75 on average, you would only be protected against bodily or property damages you cause to others. While this policy will allow you to hit the road, you should consider getting more than the minimum required, or you may have to pay for damages out of pocket.

For example, when buying car insurance in North Carolina, the minimum amount of protection for property damage required by law is $25,000 per accident. If someone is at fault in a collision and totals the other party’s luxury vehicle, they will only be covered for $25,000 and will have come up with the balance of how much the other car costs to replace.

There are an endless amount of factors insurers use to determine the risk of insuring your vehicle and establishing your monthly premiums. Here are three of them:

Location

Where you live can make a huge difference in coverage costs. Insurers will look at factors such as crime rates, accident rates, and the likelihood of natural disasters in your area and use these factors to determine your rates.

Claims History

If you’ve made several claims in the past, insurers will assume that you’ll likely do so again in the future and will charge you more than drivers without a claims history.

Mileage

The less you’re on the road, the less chance of getting into an accident. If you don’t drive as much as others, your insurer will consider that a reason to lower your rate.

Drinking and driving is never a good idea. In addition to being unsafe, if you are convicted of a DUI, the punishment can be severe. In addition to all the fines and penalties you might face, you will have to get high-risk driver coverage, which will cause your premiums to increase significantly. You might also have to file an SR-22 certificate, which costs a few bucks.

Insurers offer many ways to reduce the cost of coverage. For example, if you maintain a clean driving record, you’re a lower-risk driver and will receive a safe driver discount. If you own a home and use the same company to insure your car and your house, you can get a multi-policy discount.

Here are some other discounts you may be entitled to:

This is a compact car that was discontinued in 2017. Drivers enjoy this vehicle because it is sleek and affordable, with plenty of upgraded features for the price. Later models offered a 2.4 L engine, a 6.1″ touchscreen, and a rearview camera. It came in ES, SE, SEL, and GT models.