Auto Insurance Quotes for a Mitsubishi Lancer in Phoenix

Insurance quote for Mitsubishi Lancer in PhoenixAre you tired of trying to find cheaper Mitsubishi Lancer insurance in Phoenix? Feel like you have an expensive insurance policy? It’s quite common and many consumers are feeling buyer’s remorse and feel like there’s no way out.

It’s amazing but the majority of drivers have remained with the same insurance company for a minimum of four years, and about 40% of consumers have never compared rates with other companies. Most drivers in the U.S. can save roughly 46.5% each year just by comparing rates, but they just don’t understand how easy it is to go online and compare rates. Online insurance companies like State Farm, Farmers Insurance, GEICO and Allstate continually bombard you with fancy advertisements and it can be hard to separate fact from fiction and find the best price available.

It is always a good idea to take a look at other company’s rates periodically since insurance prices tend to go up over time. Just because you found the best deal on Mitsubishi Lancer insurance in Phoenix on your last policy other companies may now be cheaper. Ignore everything you know about insurance because you’re going to learn one of the quickest ways to find lower rates on insurance.

Finding cheap Phoenix car insurance rates can be relatively painless. You just need to spend a few minutes comparing price quotes online with multiple companies.

It’s so fast and easy to compare rates online that it replaces the need to drive to different Phoenix agent offices. The fact that you can get quotes online reduces the need to sit down with an agent unless you want the advice and guidance of a licensed agent. Although, it is possible comparison shop your insurance online but buy from a local insurance agent.

The following companies provide free rate quotes in Arizona. If the list has multiple companies, we suggest you click on several of them in order to get a fair rate comparison.

Mitsubishi Lancer Insurance Cost Estimates in Phoenix, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $204 $390 $288 $18 $86 $986 $82
Lancer ES $166 $316 $288 $18 $86 $874 $73
Lancer GTS $250 $518 $314 $18 $94 $1,194 $100
Lancer Sportback GTS $312 $714 $390 $24 $116 $1,556 $130
Lancer RALLIART $356 $736 $404 $24 $122 $1,642 $137
Lancer Sportback Ralliart $276 $594 $282 $16 $84 $1,252 $104
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Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rates do not factor in specific zip code location which can alter prices considerably.

Insurance rate increases from tickets or accidents

The illustration below shows how violations and at-fault accidents can drive up Mitsubishi Lancer insurance prices for different insured age categories. Data assumes a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Comparison of auto insurance rates by gender

The illustration below shows the difference between Mitsubishi Lancer car insurance costs for male and female drivers. The premiums are based on no claims or driving citations, full coverage, $100 deductibles, drivers are not married, and no discounts are factored in.

Deductible analysis

One of the hardest decisions when shopping for auto insurance is how high should your deductibles be. The data tables below can help show the difference in cost between low and high physical damage deductibles. The first data table uses a $100 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Mitsubishi Lancer insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $292 $548 $300 $18 $90 $1,273 $106
Lancer ES $292 $548 $300 $18 $90 $1,273 $106
Lancer GTS $324 $632 $300 $18 $90 $1,389 $116
Lancer Sportback GTS $324 $632 $300 $18 $90 $1,389 $116
Lancer RALLIART $358 $716 $300 $18 $90 $1,507 $126
Lancer Sportback Ralliart $358 $716 $300 $18 $90 $1,507 $126
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Mitsubishi Lancer insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $162 $290 $300 $18 $90 $860 $72
Lancer ES $162 $290 $300 $18 $90 $860 $72
Lancer GTS $180 $334 $300 $18 $90 $922 $77
Lancer Sportback GTS $180 $334 $300 $18 $90 $922 $77
Lancer RALLIART $198 $376 $300 $18 $90 $982 $82
Lancer Sportback Ralliart $198 $376 $300 $18 $90 $982 $82
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Prices do not factor in vehicle garaging location which can lower or raise premiums significantly.

We can derive from the above data that using a $100 deductible will cost you roughly $39 more each month or $468 annually than requesting the higher $1,000 deductible. Because you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 23 months between claim filings, you would probably save some money if you decide on a higher deductible. The table below illustrates a better example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $116
Average monthly premium for $1,000 deductibles (subtract): – $77
Monthly savings from raising deductible: $39
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $39
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

Score discounts on Phoenix auto insurance

Auto insurance can be pricey, but you may be missing some discounts to help offset the cost. Certain reductions will be credited at the time of purchase, but occasionally some discounts must be specially asked for before you get the savings.Auto insurance discounts

As a disclaimer on discounts, some of the credits will not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like comp or med pay. So despite the fact that it appears it’s possible to get free car insurance, companies don’t profit that way.

Popular auto insurance companies and a selection of discounts are:

Check with every prospective company how you can save money. Discounts might not be offered in Phoenix.

Why Smart Consumers Pay Less for Mitsubishi Lancer Insurance

Consumers need to have an understanding of the rating factors that help calculate your policy premiums. If you have some idea of what determines base rates, this helps enable you to make changes that may reward you with much lower annual insurance costs. Lots of things are part of the equation when pricing auto insurance. A few of the factors are predictable such as your driving record, although some other factors are not quite as obvious like your continuous coverage or how financially stable you are.

Cheaper rates after marriage – Having a wife or husband can get you a discount when shopping for insurance. It generally demonstrates drivers are less irresponsible it has been statistically shown that married drivers tend to file fewer claims.

Physical damage deductibles – Coverage for physical damage, also called comprehensive and collision insurance, is used to repair damage to your Mitsubishi. A few examples of covered claims are running into the backend of another car, vandalism, and damage caused by flying debris. Comprehensive and collision coverage deductibles tell how much you are required to spend if a claim is determined to be covered. The more of the claim you pay before a claim is paid (deductible), the lower your rates will be.

Car insurance liability protection limits – Liability coverage will protect you in the event that you are determined to be liable for an accident. It will provide legal defense starting from day one. Liability insurance is pretty cheap compared to physical damage coverage, so insureds should have plenty of protection for their assets.

Does your vocation cost you more? – Jobs like fire fighters, airline pilots, and stock brokers usually pay higher premium rates in part from high stress levels and lots of time spent away from family. On the other hand, occupations like farmers, athletes and homemakers have the lowest average rates.

Lower performance equals lower insurance rates – The performance of the car you are trying to find cheaper insurance for makes a big difference in determining your rates. Since the Mitsubishi Lancer is considered a sedan, insuring your vehicle will cost about the same when compared to the average rates in Phoenix. Economy passenger cars normally have pretty low rates, but there are many factors that impact the final cost.

Improve your credit rating – Credit history is likely to be a major factor in determining premium rates. Drivers who have very high credit ratings tend to be better risks to insure than those with poor credit scores. Therefore, if your credit history is lower than you’d like, you may save money insuring your Mitsubishi Lancer by improving your rating.

Mitsubishi Lancer insurance loss probability – Companies include the past claim trends for vehicles to calculate a rate that will offset any claims. Vehicles that historically have a trend towards higher claims will have higher rates. The table shown below demonstrates the compiled insurance loss statistics for Mitsubishi Lancer vehicles.

For each coverage category, the claim probability for all vehicles, as an average, is set at 100. Percentages below 100 mean the vehicle has better than average losses, while numbers above 100 indicate more frequent claims or an increased probability of a larger loss.

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

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

Exclusive versus independent auto insurance agents

Some consumers still prefer to buy from a local agent and doing so can bring peace of mind Experienced insurance agents are trained risk managers and will help you if you have claims. A nice benefit of comparing rate quotes online is the fact that drivers can get the lowest rates and still buy from a local agent.

Phoenix insurance agentsFor easy comparison, once you complete this form (opens in new window), your information is sent to participating agents in Phoenix that can provide free Phoenix auto insurance quotes to get your business. There is no need to contact any insurance agencies because prices are sent to your email. If you want to compare prices from a specific insurance provider, feel free to jump over to their website to submit a rate quote request.

Selecting an insurance company requires more thought than just the price. Below are some questions you should ask.

The following are agents in Phoenix that may be able to provide price quote information for Mitsubishi Lancer insurance in Phoenix.

3917 S Central AvePhoenix, AZ 85040(602) 268-2548View Map

2600 N 44th St #110Phoenix, AZ 85008(602) 840-6655View Map

2040 E Bell Rd #110Phoenix, AZ 85022(602) 971-8488View Map

Andy Carrillo – State Farm Insurance Agent
4713 E Southern AvePhoenix, AZ 85042(602) 426-8088View Map

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Shop around and save

When you buy Phoenix auto insurance online, make sure you don’t skimp on coverage in order to save money. There are many occasions where an insured dropped full coverage only to discover later that they should have had better coverage. Your focus should be to purchase plenty of coverage for the lowest cost while still protecting your assets.

Affordable Mitsubishi Lancer insurance in Phoenix can be purchased from both online companies in addition to local insurance agencies, and you should be comparing both so you have a total pricing picture. Some insurance providers may not offer price quotes online and many times these smaller providers sell through local independent agents.

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