If you want to find the absolute lowest rates, then the best way to get budget Mitsubishi Lancer insurance is to compare prices once a year from different companies who sell insurance in Boston. You can shop around by following these steps.
- Try to learn about how companies set rates and the factors you can control to drop your rates. Many factors that cause high rates such as accidents, traffic tickets, and a low credit rating can be improved by making small lifestyle or driving habit changes.
- Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from a single company like GEICO or Allstate, while agents who are independent can quote prices from multiple sources. Select a company
- Compare the new rate quotes to your existing coverage to see if you can save by switching companies. If you find a better price and switch companies, make sure there is no coverage gap between policies.
- Provide proper notification to your current company of your intent to cancel your current policy and submit the application along with any required down payment for the new policy. Make sure you keep the new certificate verifying proof of insurance with your registration paperwork.
An essential thing to point out is to make sure you’re comparing identical coverages on every price quote and and to get quotes from every company you can. This helps ensure a level playing field and a complete price analysis.
Amazingly, a recent NerdWallet.com study showed that about 70% of customers kept their coverage with the same auto insurance company for at least four years, and approximately 38% of consumers have never even compared quotes to find affordable rates. Massachusetts insurance shoppers could cut their rates by 45% a year by just comparing quotes, but they don’t know the rate savings if they moved their coverage to a different company.
When shopping for Mitsubishi Lancer insurance in Boston there are multiple ways of comparing rates from companies that offer car insurance in Massachusetts. The simplest method to find cheaper Mitsubishi Lancer rates is to jump online and get quotes.
Getting rates online is very simple and it makes it obsolete to drive around to insurance agents’ offices. Comparing online rate quotes eliminates the middleman unless you require the peace of mind only provided by licensed Boston agents. It is possible to compare online quotes and still use a local agent.
When price shopping your coverage, comparing a large number of companies will increase your chances of finding the best rates.
The providers in the list below can provide quotes in Boston, MA. If multiple companies are listed, it’s a good idea that you get rates from several of them in order to get a fair rate comparison.
Car insurance discounts help lower rates for Mitsubishi Lancer insurance in Boston
Car insurance companies don’t necessarily list every discount available very clearly, so the list below contains both well-publicized and the harder-to-find credits available to bring down your rates.
- One Accident Forgiven – This isn’t a discount exactly, but some companies like State Farm and Allstate permit an accident without raising rates so long as you are claim-free prior to being involved in the accident.
- Accident Free – Insureds who avoid accidents and claims pay much less when compared with frequent claim filers.
- Professional Memberships – Participating in a civic or occupational organization in Boston is a simple method to lower premiums on your policy.
- Passive Restraints – Cars that have air bags or automatic seat belts can qualify for discounts of 20 to 30 percent.
- Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase life insurance.
- Paperwork-free – A handful of insurance companies provide a small discount shop Boston car insurance on their website.
- Theft Deterrent Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems have a lower chance of being stolen and will qualify for a discount on a Boston car insurance quote.
- Defensive Driver Discount – Taking part in a safe driver course could cut 5% off your bill and make you a better driver.
Don’t be surprised that most discount credits are not given to the overall cost of the policy. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Despite the appearance that all those discounts means the company will pay you, it’s just not the way it works.
The chart below shows the difference between Mitsubishi Lancer auto insurance costs with and without discounts. The costs are based on a female driver, no violations or accidents, Massachusetts 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 homeowner, claim-free, marriage, multi-policy, multi-car, and safe-driver discounts applied.
To see insurers who offer discounts in Massachusetts, follow this link.
Mitsubishi Lancer coverage analysis
The rate table shown below covers a range of insurance costs for Mitsubishi Lancer models. Having insight into how premiums are determined can assist in making smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $318 | $704 | $404 | $24 | $122 | $1,572 | $131 |
| Lancer ES | $318 | $704 | $404 | $24 | $122 | $1,572 | $131 |
| Lancer GTS | $354 | $810 | $404 | $24 | $122 | $1,714 | $143 |
| Lancer Sportback GTS | $354 | $810 | $404 | $24 | $122 | $1,714 | $143 |
| Lancer RALLIART | $390 | $916 | $404 | $24 | $122 | $1,856 | $155 |
| Lancer Sportback Ralliart | $390 | $916 | $404 | $24 | $122 | $1,856 | $155 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Table data does not factor in zip code location which can revise price quotes significantly.
Physical damage deductible comparison
One of the most common insurance questions is how high should the physical damage coverage deductibles be. The rates below highlight the price difference when you choose different coverage deductibles. The first set of prices uses a $250 physical damage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $292 | $512 | $334 | $20 | $100 | $1,283 | $107 |
| Lancer ES | $292 | $512 | $334 | $20 | $100 | $1,283 | $107 |
| Lancer GTS | $324 | $590 | $334 | $20 | $100 | $1,393 | $116 |
| Lancer Sportback GTS | $324 | $590 | $334 | $20 | $100 | $1,393 | $116 |
| Lancer RALLIART | $358 | $668 | $334 | $20 | $100 | $1,505 | $125 |
| Lancer Sportback Ralliart | $358 | $668 | $334 | $20 | $100 | $1,505 | $125 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $236 | $414 | $334 | $20 | $100 | $1,104 | $92 |
| Lancer ES | $236 | $414 | $334 | $20 | $100 | $1,104 | $92 |
| Lancer GTS | $264 | $476 | $334 | $20 | $100 | $1,194 | $100 |
| Lancer Sportback GTS | $264 | $476 | $334 | $20 | $100 | $1,194 | $100 |
| Lancer RALLIART | $292 | $538 | $334 | $20 | $100 | $1,284 | $107 |
| Lancer Sportback Ralliart | $292 | $538 | $334 | $20 | $100 | $1,284 | $107 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in vehicle location which can impact rates significantly.
Based on this data, we can arrive at the conclusion that using a $250 deductible will cost in the ballpark of $16 more each month or $192 every year than opting for the higher $500 deductible. Due to the fact that you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 16 months between claim filings, you would probably come out ahead if you decide on a higher deductible.
Impact of speeding/accidents on Boston insurance rates
The example below illustrates how violations and at-fault collisions can increase Mitsubishi Lancer annual premium costs for each age group. The data is based on a single female driver, full coverage, $250 deductibles, and no discounts are taken into consideration.
Insurance agents can help
Some people just prefer to buy from a licensed agent and that can be a great decision A nice benefit of getting online price quotes is that you can find cheap car insurance quotes and also buy local.
To help locate an agent, after submitting this quick form, the quote information is transmitted to companies in Boston that give free quotes and help you find cheaper coverage. It makes it easy because there is no need to contact an agency because prices are sent immediately to you. You can find the lowest rates AND a local agent. In the event you want to compare rates from a specific car insurance provider, you can always find their quoting web page and give them your coverage information.
Choosing the best insurer requires you to look at more than just a cheap price quote. Get answers to these questions too.
- Are there any discounts for paying up front?
- Will they take your side in the event of a claim?
- When do they do policy reviews?
- How much will you save each year by using a higher deductible?
- Will the agent help in case of a claim?
- Is working in the agency their full-time job?
If you want to buy car insurance from a reliable insurance agent, there are two types of insurance agents to choose from. Car insurance agents can either be independent (non-exclusive) or exclusive.
Exclusive Car Insurance Agencies
Agents that elect to be exclusive can only write with one company and examples are American Family, State Farm, and Allstate. Exclusive agencies are unable to shop your coverage around so they are skilled at selling on more than just price. Exclusive insurance agents are usually quite knowledgeable on their company’s products which can be an advantage.
The following are exclusive insurance agencies in Boston who can help you get price quotes.
AAA Boston
125 High St – Boston, MA 02110 – (617) 443-9300 – View Map
Allstate Insurance: Abner Joseph
571 Dudley St Ste A – Boston, MA 02125 – (617) 442-9490 – View Map
Independent Agents (or Brokers)
Agents of this type are not limited to a single company and that gives them the ability to insure with multiple insurance companies and find the cheapest rate. If you are not satisfied with one company, an independent agent can move your coverage and you won’t have to switch agencies. When comparison shopping, you need to get several quotes from a few independent agents to have the best price comparison.
Below is a list of independent agencies in Boston willing to provide comparison quotes.
Spataro and Bellino Insurance Agency
156 Maverick St – East Boston, MA 02128 – (617) 567-6558 – View Map
F.I. Patnode Insurance Agency
396 Washington St – Brighton, MA 02135 – (617) 787-1400 – View Map
Richard Soohoo Insurance
1148 Washington St – Boston, MA 02118 – (617) 338-8168 – View Map
Upon receiving answers to your satisfaction to any questions you have as well as a price you’re happy with, you have narrowed it down to an insurance agency that meets your needs to insure your vehicles.
Informed Consumers Can Reduce Their Insurance Premiums
A large part of saving on insurance is knowing some of the elements that aid in calculating insurance rates. When you know what positively or negatively determines base rates, this enables informed choices that could result in lower premium levels.
The items below are some of the most rate-impacting factors insurance companies consider when setting your rates.
- Your spouse saves you money – Getting married actually saves money when shopping for insurance. Marriage demonstrates that you tend to be more stable financially it has been statistically shown that married drivers tend to have fewer serious accidents.
- Extra policy coverages may not be needed – Policies have additional extra coverages you can purchase on your Lancer policy. Add-on coverages like roadside assistance, accident forgiveness, and membership fees may be wasting your money. They may seem good when discussing your needs, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.
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Is your car built for speed? – The make and model of the car, truck or SUV you drive makes a substantial difference in your premium level. The lowest performance passenger vehicles usually have the lowest rates, but the cost you end up paying is determined by many additional factors.
The following chart assumes a married female driver age 30, full coverage with $100 deductibles, and no discounts or violations. The chart compares Mitsubishi Lancer insurance premiums compared to other models that have a range of performance risks.
- Gaps in coverage mean higher insurance rates – Not maintaining insurance is illegal and insurance companies will penalize you for letting your insurance lapse. And not only will your rates increase, the inability to provide proof of insurance may result in fines and jail time. Then you may be required to file a SR-22 with the Massachusetts department of motor vehicles.
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Younger drivers pay high prices – More experienced drivers have been proven to be more responsible, tend to file fewer claims, and usually have better credit. Teenage drivers are statistically shown to be inattentive when driving so insurance rates are higher.
The following data uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.
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Loss statistics for a Mitsubishi Lancer – Insurers use past insurance losses when setting premium rates. Vehicles that have higher claim frequency or loss amount will have increased rates.
The information below illustrates the insurance loss data used by companies for Mitsubishi Lancer vehicles. For each coverage type, the claim amount for all vehicles averaged together is equal to 100. Values that are under 100 suggest a positive loss record, while values over 100 indicate higher probability of having a loss or an increased chance of larger losses than average.
Mitsubishi Lancer Insurance Loss Statistics Vehicle 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Insuring your Lancer just makes sense
Despite the high cost of buying insurance for a Mitsubishi Lancer in Boston, maintaining insurance is most likely required but also gives you several important benefits.
First, most states have compulsory liability insurance requirements which means the state requires specific limits of liability in order to drive the car. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you took out a loan on your vehicle, more than likely the lender will make it a condition of the loan that you carry insurance to guarantee payment of the loan. If you do not keep the policy in force, the bank may buy a policy for your Mitsubishi for a much higher rate and force you to pay the higher premium.
Third, car insurance protects both your assets and your Mitsubishi Lancer. It also can pay for medical expenses that are the result of an accident. Liability coverage will also pay for a defense attorney if anyone sues you for causing an accident. If your car is damaged in a storm or accident, your car insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance more than cancel out the cost, particularly for liability claims. Unknowingly, the average driver overpays as much as $810 a year so compare quotes from several companies at least once a year to make sure the price is not too high.
The most affordable rates come from being thorough
As you restructure your insurance plan, you should never skimp on critical coverages to save a buck or two. There are a lot of situations where drivers have reduced physical damage coverage to discover at claim time that the small savings ended up costing them much more. Your strategy should be to buy the best coverage you can find at an affordable rate while not skimping on critical coverages.
In this article, we covered some good ideas how you can reduce Mitsubishi Lancer insurance premium rates online in Boston. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers may even find the best price on insurance is with some of the lesser-known companies. They may cover specific market segments cheaper compared to the large companies like State Farm, GEICO and Nationwide.
Some insurance providers may not provide online quoting and most of the time these small, regional companies only sell through independent agencies. More affordable insurance in Boston is possible online and from local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.
Additional information is located at these links:
- Understanding Rental Car Insurance (Insurance Information Institute)
- Who Has Affordable Boston Car Insurance for a Toyota Highlander? (FAQ)
- Who Has Cheap Boston Auto Insurance for 19 Year Olds? (FAQ)
- What Auto Insurance is Cheapest for Drivers Over Age 50 in Boston? (FAQ)
- What Car Insurance is Cheapest for Veterans in Boston? (FAQ)
- Bodily Injury Coverage (Liberty Mutual)
- Safety Tips for Teen Drivers (Insurance Information Institute)