Cheap Mitsubishi Lancer Insurance in Virginia Beach

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.

Discount Mitsubishi Lancer insuranceThe 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.

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.

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.

Mitsubishi Lancer Insurance Rates in Virginia Beach, VA
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
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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.

Mitsubishi Lancer insurance prices with $250 deductibles
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
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Mitsubishi Lancer insurance prices with $1,000 deductibles
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.Save money with discounts

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.

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.

Virginia Beach insurance agentsAfter 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.

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.

More Virginia Beach agents

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.

More Virginia Beach agents

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.Higher deductibles save money

Here are some questions about coverages that may help highlight if your insurance needs will benefit from professional help.

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.

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