It goes without saying that car insurance companies don’t want you comparing rates. Drivers who perform rate comparisons will probably switch companies because there are good odds of getting low-cost coverage. A recent study showed that consumers who compared prices once a year saved as much as $3,500 over four years compared to other drivers who don’t make a habit of comparing rates.
If saving the most money on Mitsubishi Lancer insurance in Virginia Beach is your intention, then understanding how to get free comparison quotes and analyze coverages can save money and time.
The preferred way to get discount Mitsubishi Lancer insurance is to compare prices once a year from different companies in Virginia Beach. You can compare rates by following these steps.
- Step 1: Take a few minutes and learn about how insurance companies determine prices and the things you can change to prevent high rates. Many rating criteria that result in higher rates such as high-risk driving behaviors and a negative credit score can be controlled by making minor changes in your lifestyle. This article gives more details to get low prices and find hidden discounts.
- Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from a single company like GEICO and State Farm, while independent agents can give you price quotes for a wide range of insurance providers.
- Step 3: Compare the new rate quotes to your existing coverage and determine if there is any savings. If you can save some money, make sure there is no lapse in coverage.
One thing to point out is to make sure you’re comparing similar deductibles and liability limits on every quote request and and to get price quotes from as many companies as you can. Doing this helps ensure a fair rate comparison and a complete selection of prices.
Finding the cheapest coverage in Virginia Beach can really be easy if you know what you’re doing. Essentially anyone who buys insurance will most likely find a lower price. Although Virginia drivers must know the way companies compete online because rates are impacted by many factors.
The are a couple different ways of comparing price quotes from lots of Virginia auto insurance companies. The easiest way to find cheaper Mitsubishi Lancer rates consists of shopping online.
When comparison shopping, comparing more prices helps locate the best rates. Not every company provides Virginia Beach Lancer insurance quotes over the internet, so you need to compare quotes from them as well.
The companies shown below offer comparison quotes in Virginia Beach, VA. If your goal is to find the cheapest auto insurance in Virginia Beach, we recommend you compare several of them to get a more complete price comparison.
Why you need quality insurance for your vehicle
Even though it’s not necessarily cheap to insure a Mitsubishi in Virginia Beach, insurance is not optional due to several reasons.
- Most states have mandatory insurance requirements which means state laws require specific minimum amounts of liability in order to drive the car legally. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If you bought your vehicle with a loan, most banks will require that you have full coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank may buy a policy for your Mitsubishi at a significantly higher premium and force you to pay for the expensive policy.
- Insurance safeguards both your vehicle and your assets. It will also provide coverage for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability coverage will also pay for a defense attorney if anyone sues you for causing an accident. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance definitely exceed the cost, especially if you ever need it. According to a 2015 survey, the average American driver is wasting up to $865 each year so shop around at every policy renewal to save money.
Rates and statistics
The table shown below showcases different prices for Mitsubishi Lancer models. Having a better idea how policy rates are figured can help you make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $178 | $366 | $312 | $18 | $94 | $968 | $81 |
| Lancer ES | $178 | $366 | $312 | $18 | $94 | $968 | $81 |
| Lancer GTS | $200 | $422 | $312 | $18 | $94 | $1,046 | $87 |
| Lancer Sportback GTS | $200 | $422 | $312 | $18 | $94 | $1,046 | $87 |
| Lancer RALLIART | $220 | $476 | $312 | $18 | $94 | $1,120 | $93 |
| Lancer Sportback Ralliart | $220 | $476 | $312 | $18 | $94 | $1,120 | $93 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Price information does not factor in the specific area where the vehicle is garaged which can lower or raise price quotes considerably.
Comparison of policy deductibles
A question often asked by Virginia Beach drivers is which comprehensive and collision deductibles to buy. The rates below may help to illustrate the rate fluctuation between low and high deductibles. The first data set uses a $250 deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $224 | $394 | $258 | $16 | $78 | $995 | $83 |
| Lancer ES | $224 | $394 | $258 | $16 | $78 | $995 | $83 |
| Lancer GTS | $250 | $454 | $258 | $16 | $78 | $1,081 | $90 |
| Lancer Sportback GTS | $250 | $454 | $258 | $16 | $78 | $1,081 | $90 |
| Lancer RALLIART | $276 | $514 | $258 | $16 | $78 | $1,167 | $97 |
| Lancer Sportback Ralliart | $276 | $514 | $258 | $16 | $78 | $1,167 | $97 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $138 | $248 | $258 | $16 | $78 | $738 | $62 |
| Lancer ES | $138 | $248 | $258 | $16 | $78 | $738 | $62 |
| Lancer GTS | $154 | $286 | $258 | $16 | $78 | $792 | $66 |
| Lancer Sportback GTS | $154 | $286 | $258 | $16 | $78 | $792 | $66 |
| Lancer RALLIART | $170 | $324 | $258 | $16 | $78 | $846 | $71 |
| Lancer Sportback Ralliart | $170 | $324 | $258 | $16 | $78 | $846 | $71 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Premium costs do not factor in specific location which can affect rates greatly.
Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $24 more each month or $288 annually across all Mitsubishi Lancer models than choosing the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 31 months between claims, you would most likely save money if you choose the higher deductible.
The information below illustrates how your choice of deductibles and can increase or decrease Mitsubishi Lancer insurance rates for each different age group. The premium estimates are based on a married male driver, full coverage, and no discounts are taken into consideration.
Mitsubishi Lancer liability rates compared to full coverage
The information below illustrates the comparison of Mitsubishi Lancer car insurance costs with full physical damage coverage and with liability coverage only. Data assumes no violations or claims, $100 deductibles, single marital status, and no discounts are taken into consideration.
Deciding between full coverage and liability only
There is no set guideline for eliminating physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s say your Mitsubishi Lancer claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $7,000 after paying the physical damage deductible. If premium cost is more than $700 annually for full coverage, then you might want to think about dropping full coverage.
There are a few situations where dropping full coverage is not advised. If you haven’t paid off your loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Get cheaper rates with discounts
Auto insurance is not inexpensive, but there may be some discounts to help bring down the price. Certain reductions will be credited at the time you complete a quote, but less common discounts must be asked about before they will apply.
- Online Discount – Many companies will give a small break simply for signing on your computer.
- Accident Waiver – Not really a discount, but some companies like Allstate, Progressive, and GEICO allow you one accident without getting socked with a rate hike so long as you are claim-free before the accident.
- Discount for Good Grades – A discount for being a good student can be rewarded with saving of up to 25%. This discount can apply until age 25.
- Professional Organizations – Participating in certain professional organizations could qualify you for a break on your next auto insurance statement.
- Anti-lock Brake Discount – Cars with ABS braking systems or traction control have fewer accidents and will save you 10% or more on Lancer insurance in Virginia Beach.
- Buy New and Save – Putting auto insurance coverage on a new Lancer is cheaper because newer models have to meet stringent safety requirements.
Remember that most discounts do not apply to your bottom line cost. Most only cut the cost of specific coverages such as comp or med pay. If you do the math and it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.
The illustration below visualizes the comparison of Mitsubishi Lancer auto insurance rates with and without discounts applied to the policy premium. The data is based on a male driver, no claims or driving violations, Virginia 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 claim-free, homeowner, marriage, multi-policy, safe-driver, and multi-car discounts applied.
Popular auto insurance companies and some of their more popular discounts are shown below.
- State Farm policyholders can earn discounts including defensive driving training, good driver, multiple policy, accident-free, passive restraint, and student away at school.
- Nationwide has discounts for anti-theft, good student, easy pay, multi-policy, accident-free, business or organization, and Farm Bureau membership.
- GEICO offers discounts including membership and employees, seat belt use, defensive driver, emergency military deployment, five-year accident-free, and military active duty.
- AAA offers premium reductions for good driver, anti-theft, AAA membership discount, good student, pay-in-full, multi-car, and multi-policy.
- 21st Century includes discounts for good student, homeowners, 55 and older, driver training, student driver, and anti-lock brakes.
- The Hartford discounts include vehicle fuel type, good student, bundle, air bag, defensive driver, and anti-theft.
It’s a good idea to ask each insurance company to apply every possible discount. All car insurance discounts may not apply in Virginia Beach. To view insurers that offer many of these discounts in Virginia, follow this link.
Car insurance agents can help
A small number of people would rather talk to a local agent and there is nothing wrong with that. One of the best bonuses of comparing rate quotes online is you may find lower rates and still have an agent to talk to.
After filling out this simple form, your coverage information is transmitted to local insurance agents in Virginia Beach who will return price quotes for your insurance coverage. There is no need to search for any insurance agencies due to the fact that quote results will go instantly to you. Get lower rates without the usual hassles of price shopping. If you need to get a rate quote from a specific insurance provider, you would need to jump over to their website and complete a quote there.
Picking an insurer requires more thought than just the price. Before buying a policy in Virginia Beach, get answers to these questions.
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Is the agency involved in supporting local community causes?
- Which company do they place the most coverage with?
- Will they make sure you get an adequate claim settlement?
- Does the company allow you to choose your own collision repair facility?
- Are they properly licensed to sell insurance in Virginia?
- Will a damage claim use OEM or aftermarket replacement parts?
- Do they have 24-hour customer assistance?
Exclusive or Independent: There is a difference
If you are searching for a local agent, it can be helpful to understand the types of agencies and how they are slightly different. Virginia Beach agents can be classified as either independent agents or exclusive agents.
Exclusive Insurance Agents
Agents of this type work for only one company and some examples include American Family, State Farm, and AAA. They usually cannot place coverage with different providers so they have no alternatives for high prices. They are well trained on their company’s products which helps offset the inability to provide other markets. Some consumers prefer to choose to use a exclusive agent mainly due to loyalty to the company rather than having low rates.
Listed below is a list of exclusive agents in Virginia Beach who may provide you with comparison quotes.
- Ken Crowder – State Farm Insurance Agent
5802 E Virginia Beach Blvd #128 – Norfolk, VA 23502 – (757) 461-2027 – View Map - Stephanie Langkil – State Farm Insurance Agent
5441 Virginia Beach Blvd #115 – Virginia Beach, VA 23462 – (757) 499-3411 – View Map - GEICO Insurance Agent
4389 Virginia Beach Blvd – Virginia Beach, VA 23462 – (757) 583-2200 – View Map
Independent Agents (or Brokers)
Agents of this type do not sell for just one brand and that is an advantage because they can write policies through many different insurance companies and find the cheapest rate. To move your coverage to a new company, they simply move the coverage in-house which is easy for the insured.
When comparing rate quotes, it’s a good idea to get several quotes from a couple of independent agencies so that you have a good selection of quotes to compare. Many write coverage with smaller companies which could offer lower prices.
Shown below is a short list of independent insurance agencies in Virginia Beach that are able to give price quotes.
- Nationwide Insurance: Lovas Insurance Agency Inc
244 Mustang Trail #1 – Virginia Beach, VA 23452 – (757) 340-8310 – View Map - Insurance Strategies – The Cooksey Agency
780 Lynnhaven Pkwy #400 – Virginia Beach, VA 23452 – (757) 819-6896 – View Map - Choice Insurance Agency
4664 South Blvd – Virginia Beach, VA 23452 – (757) 416-5100 – View Map
If you receive good feedback to all your questions and an affordable coverage quote, you’ve probably found a car insurance agent that can insure your vehicles. It’s important to know that policyholders can cancel your coverage at any point so never feel you’re contractually obligated to any particular company for the full policy term.
Which policy gives me the best coverage?
Keep in mind that when it comes to choosing a policy, there really isn’t a single plan that fits everyone. Your financial needs are unique.
Here are some questions about coverages that may help highlight if your insurance needs will benefit from professional help.
- If I use my vehicle for business use is it covered?
- Will filing a claim cost me more?
- How high should deductibles be on a Mitsubishi Lancer?
- At what point should I drop full coverage?
- How high should my uninsured/underinsured coverage be in Virginia?
- Who does medical payments coverage extend to?
If you’re not sure about those questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form.
Cover all your bases
As you quote Virginia Beach car insurance, make sure you don’t buy lower coverage limits just to save a few bucks. There are many occasions where consumers will sacrifice uninsured motorist or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to purchase a proper amount of coverage at the best possible price.
A few companies may not offer internet price quotes and these smaller providers only sell coverage through local independent agents. Cheaper Mitsubishi Lancer insurance in Virginia Beach can be purchased on the web and from local insurance agents, and you need to price shop both so you have a total pricing picture.
Insureds who switch companies do it for many reasons like an unsatisfactory settlement offer, poor customer service, not issuing a premium refund and high prices. Regardless of your reason, finding a new company can be easier than you think.
Additional insurance information is located on the following sites: