How many years has it been since you compared more competitive Mitsubishi Lancer insurance in Colorado Springs? I can't think of a single person who fancies paying their premiums for car insurance, especially when they are paying too much.
Unfortunately, almost 70% of drivers have remained with the same car insurance company for a minimum of four years, and just under half have never even compared quotes to find cheaper rates. Consumers in Colorado can cut their rates by almost $610 a year just by comparing rates, but they don't understand how simple it is to find cheaper insurance by shopping around.
Many insurance companies compete to insure your vehicles, so it's not easy to compare every provider to find the absolute lowest rate on Mitsubishi Lancer insurance in Colorado Springs.
If you currently have insurance, you stand a good chance to be able to reduce premiums using these tips. Finding the cheapest insurance coverage in Colorado Springs is really not that difficult. But Colorado consumers should learn how big insurance companies sell online and use this information to your advantage.
Auto insurance policy discounts you can't miss
Car insurance companies don't necessarily list every disount available in an easy-to-find place, so the next list breaks down both the well known as well as some of the hidden credits available to lower your premiums when you buy Colorado Springs car insurance online. If you're not getting every credit available, you could be getting lower rates.
- Life Insurance Discount - Some insurance carriers give a discounted price on car insurance if you buy life insurance.
- Accident Forgiveness Coverage - This one is not really a discount per se, but companies like GEICO, Allstate and Liberty Mutual will turn a blind eye to one accident before they charge you more for coverage if you have no claims prior to the accident.
- Accident Free - Colorado Springs drivers who stay claim-free are rewarded with significantly better rates on Colorado Springs car insurance quote as compared to bad drivers.
- Active Service Discounts - Being on active duty in the military could mean lower auto insurance rates.
- Discount for New Cars - Buying a new car instead of a used Lancer can get you a discount because new model year vehicles are generally safer.
Discounts reduce rates, but you should keep in mind that most credits do not apply the the whole policy. A few only apply to individual premiums such as physical damage coverage or medical payments. So when the math indicates all the discounts add up to a free policy, company stockholders wouldn't be very happy.
To locate insurance companies with significant discounts in Colorado, follow this link.
The majority of larger companies like Allstate, GEICO and Progressive allow consumers to get coverage prices on their websites. Getting Mitsubishi Lancer insurance prices online is pretty painless as you just type in your personal and coverage information into the quote form. Once entered, the quote system obtains credit information and your driving record and quotes a price. Using the web to get rates for Mitsubishi Lancer insurance in Colorado Springs makes it a lot easier to compare rates and it is imperative to do this in order to get affordable rates.
If you want to find out if lower rates are available, compare rates now from the companies shown below. If you have a policy now, it's recommended you enter the insurance coverages exactly as shown on your declarations page. This makes sure you're receiving comparison quotes using the same coverage and limits.
The companies shown below can provide comparison quotes in Colorado. If multiple companies are shown, we suggest you visit several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Lancer Sportback GTS||$342||$620||$352||$20||$106||$1,440||$120|
|Lancer Sportback Ralliart||$238||$482||$338||$20||$100||$1,178||$98|
|Get Your Own Custom Quote Go|
Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price information does not factor in vehicle garaging location which can lower or raise rates substantially.
Comparison of auto insurance rates by gender
The chart below visualizes the comparison of Mitsubishi Lancer annual premium costs for male and female drivers. The premium estimates are based on no claims or driving citations, comp and collision included, $250 deductibles, single marital status, and no discounts are factored in.
Full coverage rates compared to liability-only
The information below illustrates the difference between Mitsubishi Lancer auto insurance rates with full coverage compared to only the Colorado minimum liability coverage. The data is based on no tickets, no at-fault accidents, $1,000 deductibles, single female driver, and no discounts are taken into consideration.
Guidelines for dropping full coverage
There is no definitive rule for phasing out comp and collision coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.
For example, let's say your Mitsubishi Lancer claim settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If it's costing you more than $300 annually for your policy with full coverage, then it's probably a good time to buy liability coverage only.
There are some scenarios where eliminating full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.
Can't I compare rates from local Colorado Springs auto insurance agents?
A lot of people prefer to talk to a local agent and that is not a bad decision A good thing about comparing rate quotes online is you can get cheap rate quotes but still work with a licensed agent.
To help locate an agent, after submitting this short form, your insurance data is emailed to companies in Colorado Springs who will return price quotes for your coverage. It simplifies rate comparisons since you won't have to do any legwork since price quotes are sent to your email. You can find the lowest rates AND an agent nearby. If for some reason you want to quote rates for a specific company, don't hesitate to find their quoting web page and complete a quote there.
Choosing an insurer shouldn't rely on just a cheap price quote. Agents should be asked these questions:
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Will the quote change when the policy is issued?
- How are claims handled?
- If you have an accident, will your rates go up?
- Are they able to influence company decisions when a claim is filed?
- Are there any extra charges for paying monthly?
- What kind of financial rating does the company have?
- Which insurance companies are they affiliated with?
If you would like to find a local Colorado Springs insurance agent, you must know there are a couple types of agencies and how they can write your policy. Insurance agencies in Colorado Springs can be described as either independent agents or exclusive agents depending on their employer.
Exclusive Insurance Agencies
Agents of this type can only quote rates from one company like American Family, State Farm, and AAA. They generally cannot compare other company's rates so keep that in mind. These agents receive extensive training in insurance sales which can be an advantage.
Listed below is a short list of exclusive insurance agents in Colorado Springs willing to provide price quote information.
American Family Insurance - Dean Skaret Agency Inc.
2340 Academy Blvd N - Colorado Springs, CO 80909 - (719) 597-4330 - View Map
Independent Car Insurance Agents
Independent insurance agents are not limited to a single company and that gives them the ability to insure with lots of companies and find you cheaper rates. If premiums increase, the agent simply finds a different carrier and you stay with the same agent.
When comparing car insurance rates, you definitely need to check rates from independent agents for the best price selection.
Below are Colorado Springs independent insurance agencies that can give you comparison quotes.
Persistent drivers can save
We just covered a lot of tips how to shop for Mitsubishi Lancer insurance online. The key concept to understand is the more quotes you get, the better likelihood of getting inexpensive Colorado Springs car insurance quotes. Drivers may even discover the biggest savings come from a lesser-known regional company. These smaller insurers may only write in your state and offer lower car insurance rates as compared to the big name companies such as Allstate and Progressive.
A few companies may not provide online rate quotes and most of the time these small, regional companies work with independent agents. Cheaper Mitsubishi Lancer insurance in Colorado Springs can be sourced online and with local Colorado Springs insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.
When you buy Colorado Springs car insurance online, do not skimp on coverage in order to save money. There are many occasions where drivers have reduced collision coverage and learned later that the few dollars in savings costed them thousands. Your goal should be to buy a smart amount of coverage at the best price and still be able to protect your assets.
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