Insurance quote for Mitsubishi Lancer in DenverWould you like an easy way to compare more affordable car insurance rates in Denver, CO? Denver consumers have lots of choices when looking for low-cost Mitsubishi Lancer insurance. You can either waste hours contacting agents to compare prices or save time using the internet to get rate quotes. There are both good and bad ways to buy car insurance so you're going to learn the quickest way to price shop coverage for a Mitsubishi and locate the cheapest rates either online or from Denver insurance agents.

The quickest method we recommend to compare insurance rates from multiple companies is to understand most of the bigger providers will pay a fee to give rate comparisons. To get started, all you need to do is provide the companies a bit of rating information including types of safety features, whether or not you need a SR-22, which vehicles you own, and driver details. The data is sent automatically to insurance carriers in your area and you should receive rate quotes with very little delay.

To compare rates for your Mitsubishi Lancer now, click here and enter the information requested.

The car insurance companies shown below provide quotes in Denver, CO. If more than one company is shown, we suggest you visit as many as you can to get the cheapest price.

Mitsubishi Lancer Insurance Rates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $262 $534 $330 $20 $98 $1,244 $104
Lancer ES $328 $726 $456 $28 $136 $1,674 $140
Lancer GTS $326 $762 $396 $24 $118 $1,626 $136
Lancer Sportback GTS $192 $360 $362 $22 $108 $1,044 $87
Lancer RALLIART $362 $794 $456 $28 $136 $1,776 $148
Lancer Sportback Ralliart $420 $838 $352 $20 $106 $1,736 $145
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Premium costs do not factor in vehicle location which can decrease or increase prices greatly.

Comparison of policy deductibles

A question often asked by Denver drivers is how high should the deductibles for physical damage be. The data tables below illustrate the price difference between low and high comp and collision deductibles. The first table uses a $250 deductible and the second data table uses a $500 deductible.

Mitsubishi Lancer insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $306 $538 $352 $20 $106 $1,347 $112
Lancer ES $306 $538 $352 $20 $106 $1,347 $112
Lancer GTS $342 $620 $352 $20 $106 $1,465 $122
Lancer Sportback GTS $342 $620 $352 $20 $106 $1,465 $122
Lancer RALLIART $376 $702 $352 $20 $106 $1,581 $132
Lancer Sportback Ralliart $376 $702 $352 $20 $106 $1,581 $132
Get Your Own Custom Quote Go
Mitsubishi Lancer insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $250 $434 $352 $20 $106 $1,162 $97
Lancer ES $250 $434 $352 $20 $106 $1,162 $97
Lancer GTS $278 $500 $352 $20 $106 $1,256 $105
Lancer Sportback GTS $278 $500 $352 $20 $106 $1,256 $105
Lancer RALLIART $306 $566 $352 $20 $106 $1,350 $113
Lancer Sportback Ralliart $306 $566 $352 $20 $106 $1,350 $113
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Prices do not factor in specific location information which can revise prices greatly.

Using the data above, we can ascertain that using a $250 deductible costs an average of $17 more each month or $204 for a full year than opting for the higher $500 deductible. Since you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you average at least 15 months between claim filings, you would save more money if you opt for a higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $122
Average monthly premium for $500 deductibles (subtract): - $105
Monthly savings from raising deductible: $17
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to note is that a higher deductible results in more money out-of-pocket when you have a comprehensive or collision claim. That will force you to have enough savings in the event you have to pay the higher deductible.

Choosing the best Lancer insurance in Colorado is an important decision

Despite the high cost, buying insurance is a good idea for several reasons.

The benefits of having insurance are without a doubt worth the cost, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is overpaying more than $750 every year so compare rates every year to save money.

Find Cheap Car Insurance with These Tips

Multiple criteria are part of the calculation when quoting car insurance. Most are fairly basic like a motor vehicle report, but other criteria are not as apparent such as whether you are married or your financial responsibility.

The factors shown below are a few of the things that factor into your rate level.

Cheaper Denver auto insurance rates with discounts

Companies offering auto insurance do not advertise their entire list of discounts in a way that's easy to find, so the list below gives a summary of both the well known and the more hidden credits that may apply to you. If you are not receiving all the discounts you qualify for, it's possible you qualify for a lower rate.Cheaper auto insurance with discounts

A little disclaimer on discounts, most credits do not apply to the entire cost. A few only apply to specific coverage prices like liability and collision coverage. Despite the fact that it seems like adding up those discounts means a free policy, you're out of luck. Any amount of discount will cut your policy cost.

A few companies that may offer many of the previously listed discounts include:

Check with every prospective company which discounts you may be entitled to. All car insurance discounts might not be offered on policies everywhere.

Buying from auto insurance agents

Some consumers just prefer to get advice from a local agent and that is a personal choice. Professional insurance agents can help you choose the best coverages and help in the event of a claim. A nice benefit of comparing auto insurance online is that you can find lower rates and still choose a local agent.

Insurance agency in DenverTo find an agent, once you fill out this quick form, your coverage information gets sent to local insurance agents that give free quotes for your coverage. It simplifies rate comparisons since you won't have to leave your computer because prices are sent directly to your email. If you want to get a price quote from a specific insurance company, you just need to visit that company's website and submit a quote form there.

Finding the right company should depend on more than just the premium amount. Any agent in Denver should be forthright in answering these questions:

If you want to buy auto insurance from local Denver agents, it's important to understand the different types of agencies and how they work. Agents in Denver are either exclusive agents or independent agents. Both can provide auto insurance policies, but it's important to know the difference in the companies they write for because it can influence your agent selection.

Exclusive Agents

Agents that elect to be exclusive have only one company to place business with and examples are State Farm, Allstate, or Farmers Insurance. These agents are not able to place coverage with different providers so keep that in mind. Exclusive insurance agents are usually well trained on their company's products and that allows them to sell at a higher price point. Consumers frequently use the same exclusive agent primarily because of the prominent brand name instead of buying on price only.

Shown below is a short list of exclusive agencies in Denver who may provide you with price quotes.

View more Denver agents

Independent Agents

Agents that elect to be independent are not employed by any specific company so they can insure your vehicles with a variety of different insurance companies enabling the ability to shop coverage around. If they find a cheaper price, your agent can just switch to a different company and you don't have to find a new agent.

When comparing auto insurance rates, it's recommended you check rates from a couple of independent agencies in order to compare the most rates. They also have the ability to place coverage with smaller regional carriers which can save you money.

The following are Denver independent agencies that are able to give rate quotes.

View more Denver agents

After you get acceptable answers as well as low cost Mitsubishi Lancer insurance quotes, most likely you have located an auto insurance agent that meets the requirements to provide auto insurance coverage.

More comparisons equals cheap rates

When trying to cut insurance costs, make sure you don't buy less coverage just to save a little money. There are a lot of situations where consumers will sacrifice comprehensive coverage or liability limits only to regret at claim time that the few dollars in savings costed them thousands. The goal is to buy enough coverage at the best possible price and still be able to protect your assets.

We just covered many ways to compare Mitsubishi Lancer insurance prices in Denver. It's most important to understand that the more times you quote, the better chance you'll have of finding the cheapest Mitsubishi Lancer rate quotes. You may even find the best prices are with a small mutual company.

More affordable auto insurance in Denver can be sourced on the web in addition to local insurance agencies, and you should be comparing both to have the best chance of lowering rates. There are still a few companies who do not provide rate quotes online and many times these smaller companies work with independent agents.

More information