How to Compare Omaha Mitsubishi Lancer Insurance

Insurance quote for Mitsubishi Lancer in OmahaWe don’t have to point out that fact that insurance companies don’t want their customers to go rate shopping. Insureds who shop around for better prices will, in all likelihood, buy a different policy because there is a high probability of finding good coverage at a lower price. A recent car insurance study revealed that consumers who routinely shopped for cheaper coverage saved an average of $860 a year compared to drivers who never shopped around for lower prices.

If finding the most affordable auto insurance is why you’re reading this, understanding how to find companies and compare coverages can save time and money.

The best way we recommend to find better pricing on car insurance rates is to start comparing prices regularly from insurers in Omaha.

First, it will benefit you to learn about car insurance and the steps you can take to keep rates in check. Many rating factors that drive up the price such as traffic violations and a bad credit score can be controlled by making small lifestyle or driving habit changes. Continue reading for the details to get better rates and find missing discounts.

Second, obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or State Farm, while agents who are independent can provide prices from multiple sources.

Third, compare the new rate quotes to your existing policy and determine if there is any savings. If you find better rates and make a switch, make sure coverage does not lapse between policies.

Fourth, give proper notification to your current agent or company to cancel your current car insurance policy. Submit payment and a signed application for your new policy. As soon as you receive it, keep the new proof of insurance paperwork in your glove compartment.

One key aspect of rate comparisons is that you use identical coverages on each price quote and and to compare every company you can. This enables an apples-to-apples comparison and a complete price analysis.

The best way to compare car insurance company rates for Mitsubishi Lancer insurance in Omaha is to know the trick auto insurance companies allow for online access to give you rate quotes. The only thing you need to do is provide the companies a bit of rating information including if the vehicle is leased, how much education you have, if you have a valid license, and whether you are married. Your information gets sent immediately to many different companies and you get price estimates immediately.

To find the cheapest Mitsubishi Lancer insurance rates, click here and find out if lower rates are available in Omaha.

The providers in the list below offer quotes in Nebraska. To get cheap auto insurance in NE, we recommend you get prices from several of them to get the most affordable price.

Cheap Omaha auto insurance rates with discounts

Auto insurance is not cheap nor is it fun to buy but you may qualify for discounts that can drop the cost substantially. Certain discounts will be applied at the time you complete a quote, but less common discounts must be specifically requested before they will apply.Discount auto insurance

It’s important to note that many deductions do not apply to the entire cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. Just because you may think it’s possible to get free car insurance, you’re out of luck.

The information below compares Mitsubishi Lancer auto insurance costs with and without discounts. The premiums are based on a male driver, no violations or accidents, Nebraska state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, homeowner, multi-policy, and safe-driver discounts applied.

A few companies that have some of the above discounts may include but are not limited to:

When getting a coverage quote, ask every prospective company which discounts they offer. A few discounts may not apply in every state. To view companies who offer online Mitsubishi Lancer insurance quotes in Nebraska, click here.

Facts and figures for Mitsubishi Lancer insurance

The rate information displayed next outlines different insurance rates for Mitsubishi Lancer models. Learning as much as possible about how rates are calculated is important for drivers to make decisions on the best policy to buy.

Mitsubishi Lancer Insurance Rates in Omaha, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $124 $240 $282 $16 $84 $746 $62
Lancer ES $124 $240 $282 $16 $84 $746 $62
Lancer GTS $138 $276 $282 $16 $84 $796 $66
Lancer Sportback GTS $138 $276 $282 $16 $84 $796 $66
Lancer RALLIART $152 $312 $282 $16 $84 $846 $71
Lancer Sportback Ralliart $152 $312 $282 $16 $84 $846 $71
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Table data does not factor in the specific area where the vehicle is garaged which can raise or lower insurance rates considerably.

Can higher deductibles save money?

One common question asked by Omaha drivers is which deductible level should you buy. The comparison tables below sum up the differences in premium rates between low and high physical damage coverage deductibles. The first set of rates uses a $100 physical damage deductible and the second data table uses a $500 deductible.

Mitsubishi Lancer insurance premium rates 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 premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $212 $370 $300 $18 $90 $990 $83
Lancer ES $212 $370 $300 $18 $90 $990 $83
Lancer GTS $236 $428 $300 $18 $90 $1,072 $89
Lancer Sportback GTS $236 $428 $300 $18 $90 $1,072 $89
Lancer RALLIART $262 $484 $300 $18 $90 $1,154 $96
Lancer Sportback Ralliart $262 $484 $300 $18 $90 $1,154 $96
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Premium amounts do not factor in vehicle location which can lower or raise coverage rates substantially.

Based on the above data, using a $100 deductible costs roughly $27 more each month or $324 annually than selecting the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 15 months between claim filings, you would come out ahead if you opt for a higher deductible. The numbers below show the way you can do this calculation yourself.

Average monthly premium for $100 deductibles: $116
Average monthly premium for $500 deductibles (subtract): – $89
Monthly savings from raising deductible: $27
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

The illustration below demonstrates how choosing different deductibles and can increase or decrease Mitsubishi Lancer insurance costs for each age group. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no other discounts are factored in.

The Mitsubishi Lancer Insurance Premium Equation

Many factors are part of the equation when premium rates are determined. Some are pretty understandable like your driving record, although some other factors are not as apparent such as your credit history and annual miles driven. Part of the car insurance buying process is learning some of the elements that come into play when calculating your premiums. When you know what positively or negatively controls the rates you pay, this allows you to make educated decisions that could help you find lower rates.

Cautious drivers pay less – Careful drivers have lower premiums than bad drivers. Only having one speeding ticket or other violation can increase the cost of insurance by as much as thirty percent. People who have careless violations like DWI, reckless driving or hit and run convictions may find that they have to to complete a SR-22 with their state in order to continue driving.

The diagram below highlights how traffic violations and accidents increase Mitsubishi Lancer insurance costs for each age group. The information is based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.

If you don’t need it don’t buy it – There are many extra add-on coverages that can waste your money if you don’t pay attention. Add-on coverages like personal injury protection, accident forgiveness, and additional equipment coverage are probably not needed. These may sound like a good investment when talking to your agent, but if they’re wasting money eliminate them to save money.

Teenagers vs. experienced drivers – Drivers with little experience have been known to be easily distracted when at the wheel of a vehicle so they pay higher car insurance rates. More mature drivers tend to be more responsible, cost insurance companies less in claims, and get fewer tickets.

The following chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Gender matters – Over the last 30 years, statistics show that females tend to be a little less risky than males. However, this does not mean men are worse drivers. Males and females are responsible for accidents at about the same rate, but the men cause more damage and cost insurance companies more money. Men also statistically have more aggressive citations like reckless driving and DUI. Young men ages 16 to 20 are most likely to cause an accident so they pay the highest premiums.

The information below compares Mitsubishi Lancer auto insurance rates for male and female drivers. The price estimates are based on no tickets, no at-fault accidents, comp and collision included, $100 deductibles, marital status is single, and no discounts are factored in.

Car insurance rates and your vocation – Do you work in a high-stress field? Occupational choices like military generals, business owners, and dentists generally pay the highest average rates attributed to job stress and lots of time spent at work. On the flip side, careers like scientists, students and retirees get better rates.

Safer cars save money – Cars with five star safety ratings are cheaper to insure. Vehicles engineered for safety help reduce the chance of injuries in an accident and better occupant protection means less claims paid which can mean better rates for you. If your Mitsubishi Lancer has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.

Don’t cut corners with liability coverage – The liability coverage on your policy is the coverage that protects you when you are responsible for damages from an accident. Liability insurance provides legal defense up to the limits shown on your policy. Liability insurance is pretty cheap compared to other policy coverages, so insureds should have plenty of protection for their assets.

Insurance loss probability for a Mitsubishi Lancer – Companies analyze the history of losses when they set coverage costs for each model. Vehicles that have higher prevalence or dollar amount of losses will have higher premium rates.

The next table shows the compiled insurance loss statistics for Mitsubishi Lancer vehicles. For each type of coverage, the loss probability for all vehicles, regardless of make, model or trim level, is represented as 100. Numbers below 100 suggest a positive loss record, while percentages above 100 show a trend for more claims or an increased chance of a larger loss.

Mitsubishi Lancer Insurance Claim Statistics
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
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years