How many times have you said it’s time to compare more competitive Mitsubishi Lancer insurance in Seattle? Being forced to pay for pricey auto insurance premiums can dry up your budget, especially in this economy. Comparing cost estimates is free, only takes a few minutes, and is a good way to ensure you are getting the best deal.
Unthinkable but true, a large majority of auto insurance policyholders kept their policy with the same company for well over three years, and nearly half have never compared quotes from other companies. Washington insurance shoppers can cut their rates by $430 a year by just comparing quotes, but they don’t believe the amount of savings they would get if they swap their current policy for a cheaper one. There are many insurers to buy insurance from, and even though it’s nice to have a choice, it can be more difficult to find the best rates for your vehicles.
You need to take a look at other company’s rates on a regular basis due to the fact that insurance prices go up and down regularly. Despite the fact that you may have had the lowest price on Mitsubishi Lancer insurance in Seattle two years ago there is a good chance you can find better rates now. There is a lot of wrong information about Lancer insurance on the web, but I’m going to show you some great ways to find affordable auto insurance in Seattle.
Low-cost car insurance in Seattle, WA
The following companies provide free rate quotes in Seattle, WA. If more than one company is shown, we recommend you visit two to three different companies in order to find the most competitive rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Lancer Sportback GTS||$310||$610||$300||$18||$90||$1,328||$111|
|Lancer Sportback Ralliart||$270||$584||$278||$16||$82||$1,230||$103|
|Get Your Own Custom Quote Go|
Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Washington minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in the specific area where the vehicle is garaged which can impact price quotes greatly.
How high should deductibles be?
The diagram below illustrates how your deductible choice and can change Mitsubishi Lancer insurance costs for different categories of driver ages. The information is based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Cost comparison with and without full coverage
The chart below visualizes the comparison of Mitsubishi Lancer insurance costs when comparing full coverage to liability only. The premium estimates are based on no violations or claims, $1,000 deductibles, married male driver, and no discounts are factored in.
Should you buy full coverage or liability only?
There is no definitive guideline of when to drop comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of replacement cost minus your deductible, then it could be time to drop full coverage.
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 severely damaged, you would only receive $2,000 after you pay the deductible. If you are paying more than $200 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are a few situations where eliminating full coverage is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Impact of speeding/accidents on car insurance rates
The illustration below demonstrates how citations and accident claims can influence Mitsubishi Lancer yearly insurance costs for different insured age categories. The premiums are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.
Discounts can help to save on Mitsubishi Lancer insurance in Seattle
Car insurance can cost a lot, but you might find some hidden discounts that could help you make your next renewal payment. Many of these discounts will be applied automatically when you get a quote, but some must be asked for prior to getting the savings.
- Driver’s Ed – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class if it’s offered in school.
- E-sign – Some insurance companies may give you up to $50 for buying your policy over the internet.
- Defensive Driver – Taking time to complete a defensive driver class could save 5% or more depending on where you live.
- Multiple Policy Discount – If you can combine your homeowners and auto policy and place coverage with the same company you may save as much as 10 to 15 percent.
- Accident Forgiveness – Not a discount per se, but some insurance companies will let one accident slide without the usual rate increase so long as you haven’t had any claims before the accident.
As a sidenote, most credits do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like medical payments or collision. Even though the math looks like you can get free auto insurance, you’re out of luck.
The best auto insurance companies and some of their more popular discounts are shown below.
- GEICO offers discounts including daytime running lights, multi-policy, anti-theft, emergency military deployment, anti-lock brakes, and membership and employees.
- SAFECO has discounts for anti-theft, teen safety rewards, teen safe driver, safe driver, drive less, homeowner, and anti-lock brakes.
- State Farm policyholders can earn discounts including defensive driving training, driver’s education, anti-theft, multiple autos, Drive Safe & Save, and multiple policy.
- MetLife offers premium reductions for claim-free, defensive driver, accident-free, good driver, and good student.
- 21st Century may offer discounts for theft prevention, early bird, good student, air bags, automatic seat belts, and 55 and older.
- Progressive may have discounts that include multi-vehicle, homeowner, online signing, online quote discount, and continuous coverage.
When quoting, ask each company or agent to give you their best rates. Some discounts listed above might not be offered on policies in your state. To find insurance companies offering auto insurance discounts in Washington, click here to view.
Seattle Insurance Rates are Influenced by These Factors
Many different elements are considered when you get your auto insurance bill. Some factors are common sense like an MVR report, but others are more transparent like where you live and annual miles driven. It’s important that you understand some of the elements that aid in calculating insurance rates. If you have some idea of what determines premiums, this helps enable you to make changes that could result in cheaper rates.
The following are most of the major factors insurance companies consider when setting premiums.
- A insurance lapse can increase insurance rates – Driving without insurance is illegal and your next policy will cost more because you let your insurance coverage expire. Not only will you pay higher rates, the inability to provide proof of insurance may earn you fines and jail time.
- Lower rates by increasing physical damage deductibles – Comprehensive and collision coverage deductibles define the amount you are required to spend out-of-pocket before a claim is paid by your company. Protection for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. Some examples of claims that would be covered are collision with another vehicle, vandalism, or theft of your vehicle. The larger the amount the insured has to pay upfront, the lower your rates will be.
- Cut premiums and deter theft – Purchasing a vehicle with an alarm system can save you a little every year. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart auto theft and help lower rates.
- Higher rates for specific occupations – Did you know your insurance rates can be affected by your occupation? Occupations such as fire fighters, airline pilots, and accountants generally pay higher rates than the rest of us in part from job stress and incredibly demanding work hours. On the other hand, professions such as professors, students and homemakers have lower than average premiums.
- Expect high rates for teens – Teen drivers in Washington have been known to be inattentive when at the wheel of a vehicle so insurance rates are higher. If you’ve ever had to add a teenage driver onto your insurance can be quite pricey. Older people are more responsible, cause fewer claims and accidents, and usually have better credit.
- Mitsubishi Lancer claim data – Companies analyze the history of losses when setting premium costs. Models that have higher frequency or amount of claims will have increased rates. The next table illustrates the insurance loss data for Mitsubishi Lancer vehicles.
For each policy coverage, the claim amount for all vehicles combined as an average is represented as 100. Values that are below 100 mean the vehicle has better than average losses, while percentage values above 100 indicate higher probability of having a loss or an increased probability of a larger loss.
Auto Insurance Loss Data for Mitsubishi Lancer Models
Vehicle 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
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Everyone needs different car insurance coverages
Always keep in mind that when comparing your policy, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs and your car insurance should unique, too.
Here are some questions about coverages that might help in determining if your insurance needs could use an agent’s help.
- Do I need roadside assistance coverage?
- Does my insurance cover my expensive audio equipment?
- At what point should I drop full coverage?
- Are there companies who specialize in insuring high-risk drivers?
- Am I covered when using my vehicle for business?
- Should I buy only the required Washington minimum liability coverage?
- Are my friends covered when driving my Mitsubishi Lancer?
- Should I carry comprehensive and collision coverage?
- Is my custom paint covered by insurance?
If you’re not sure about those questions but one or more may apply to you, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and can provide invaluable advice.
Independent versus exclusive insurance agents
Many people still prefer to buy from a local agent and that is not a bad decision Agents can answer important questions and help file insurance claims. One of the great benefits of price shopping on the web is that you can find lower rates but also keep your business local. Buying from small agencies is still important in Seattle.
To make it easy to find an agent, after completing this short form, your insurance coverage information is submitted to local insurance agents in Seattle that can provide free Seattle auto insurance quotes for your insurance coverage. There is no reason to leave your computer since price quotes are sent to your email. In the event you want to quote rates from a particular provider, don’t hesitate to navigate to their website and give them your coverage information.
If you want to use an insurance agent, there are a couple of different types of agents and how they can quote your rates. Agents can be categorized as either exclusive agents or independent agents. Both insure your vehicles, but it is a good idea to know the differences because it can impact which type of agent you select.
Agents that elect to be independent are normally appointed by many insurers so they can quote policies through many companies and find you cheaper rates. To move your coverage to a new company, they simply move your policy to a different company and that require little work on your part.
When searching for an agent, you should always get several quotes from multiple independent agents in order to have the best price comparison.
Below is a partial list of independent agencies in Seattle that can possibly get you free insurance quotes.
These agents can only provide pricing for a single company and examples are AAA, Allstate, State Farm, or Farmers Insurance. They generally cannot compare rates from other companies so it’s a take it or leave it situation. They are usually quite knowledgeable on sales techniques and that allows them to sell at a higher price point.
The following are exclusive insurance agents in Seattle that can give you rate quotes.
Choosing the best insurance agent requires more thought than just the premium amount. The following questions are important to ask.
- Is the quote a firm price?
- Can glass claims be handled at your home?
- Has the agent ever had any license suspensions?
- Is there a local claims center in Seattle?
- Are all drivers listed on the coverage quote?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Does their agency support local causes in Seattle?
- Do they offer claims assistance after hours?
Car insurance in the media
Consumers in Washington can’t escape the ads that claim the lowest rates by Progressive, GEICO, Allstate and State Farm. They all seem to say the same thing that drivers can save some big amount if you change your coverage.
Is it even possible that every company can make the same claim? This is how they do it.
Many companies quote their best rates for the type of customer that earns them the most money. For example, a profitable insured might be described as a female over age 40, has other policies, and drives a car with an anti-theft system. Any driver who meets those qualifications will get very good Seattle prices and therefore will save money with a new company.
Drivers who don’t meet the ideal profile may receive higher premium rates which translates to the customer buying from someone else. The trick companies use is to say “drivers who switch” not “all people who quote” save that much when switching. That’s why insurance companies can make claims like that.
Different companies use different criteria so it’s extremely important to compare free Seattle auto insurance quotes often. Because without a comparison, you cannot know with any certainty which company will have the best prices at this point in time.
Keep this in mind when shopping around
When searching for low cost Seattle auto insurance quotes, it’s not a good idea to reduce needed coverages to save money. There have been many cases where consumers will sacrifice uninsured motorist or liability limits only to regret at claim time they didn’t purchase enough coverage. The goal is to buy the best coverage you can find at the best cost, but do not sacrifice coverage to save money.
You just read some good ideas how you can find affordable Mitsubishi Lancer insurance in Seattle. The most important thing to understand is the more times you quote, the better your comparison will be. You may even find the biggest savings come from a small mutual company. These smaller insurers often have lower car insurance rates on specific markets than the large multi-state companies such as Progressive and GEICO.
More tips and info about auto insurance can be found at these sites:
- Things to Know Before you Cancel Insurance (Allstate)
- What Car Insurance is Cheapest for a Ford Fusion in Seattle? (FAQ)
- Who Has Cheap Seattle Car Insurance for Immigrants? (FAQ)
- Safety Tips for Teen Drivers (Insurance Information Institute)
- What if I Can’t Find Coverage? (Insurance Information Institute)