Do you want to learn to get more competitive Mitsubishi Lancer insurance in Philadelphia? Shopping for the cheapest Mitsubishi Lancer insurance in Philadelphia is challenging if you are one of the many people new to online quoting. Don’t let that bother you because comparing quotes is actually very simple.
Inconceivable but true, nearly 70% of customers have bought auto insurance from the same company for well over three years, and about 40% of consumers have never compared rates from other carriers. Pennsylvania drivers can save about $690 each year just by comparing rates, but they don’t believe how much money they would save if they switched to a more affordable policy.
You should take the time to get comparison quotes as often as possible since insurance prices change frequently. Just because you found the best rates on Mitsubishi Lancer insurance in Philadelphia on your last policy there may be better deals available now. Block out anything you think you know about auto insurance because I’m going to let you in on the secrets to one of the quickest ways to eliminate unnecessary coverages and save money on Mitsubishi Lancer insurance in Philadelphia.
Companies offering cheap Mitsubishi Lancer rate quotes in Philadelphia, PA
The car insurance companies shown below are our best choices to provide price quotes in Philadelphia, PA. If several companies are displayed, we suggest you get rate quotes from several of them in order to get a fair rate comparison.
Rates and data analysis
The coverage information shown below covers detailed analysis of insurance prices for Mitsubishi Lancer models. Being able to understand how auto insurance policy rates are established can aid in making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $228 | $468 | $398 | $24 | $120 | $1,238 | $103 |
| Lancer ES | $228 | $468 | $398 | $24 | $120 | $1,238 | $103 |
| Lancer GTS | $254 | $540 | $398 | $24 | $120 | $1,336 | $111 |
| Lancer Sportback GTS | $254 | $540 | $398 | $24 | $120 | $1,336 | $111 |
| Lancer RALLIART | $280 | $610 | $398 | $24 | $120 | $1,432 | $119 |
| Lancer Sportback Ralliart | $280 | $610 | $398 | $24 | $120 | $1,432 | $119 |
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Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in your specific Philadelphia location which can decrease or increase prices substantially.
Comparison of policy deductibles
The hardest decision when buying coverage is the level to set your comp and collision deductibles. The comparison tables below outline the price difference between high and low policy deductibles. The first set of rates uses a $100 deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $320 | $602 | $330 | $20 | $98 | $1,395 | $116 |
| Lancer ES | $320 | $602 | $330 | $20 | $98 | $1,395 | $116 |
| Lancer GTS | $356 | $694 | $330 | $20 | $98 | $1,523 | $127 |
| Lancer Sportback GTS | $356 | $694 | $330 | $20 | $98 | $1,523 | $127 |
| Lancer RALLIART | $392 | $786 | $330 | $20 | $98 | $1,651 | $138 |
| Lancer Sportback Ralliart | $392 | $786 | $330 | $20 | $98 | $1,651 | $138 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lancer DE | $234 | $408 | $330 | $20 | $98 | $1,090 | $91 |
| Lancer ES | $234 | $408 | $330 | $20 | $98 | $1,090 | $91 |
| Lancer GTS | $260 | $468 | $330 | $20 | $98 | $1,176 | $98 |
| Lancer Sportback GTS | $260 | $468 | $330 | $20 | $98 | $1,176 | $98 |
| Lancer RALLIART | $286 | $530 | $330 | $20 | $98 | $1,264 | $105 |
| Lancer Sportback Ralliart | $286 | $530 | $330 | $20 | $98 | $1,264 | $105 |
| Get Your Own Customized Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Prices do not factor in your specific Philadelphia location which can decrease or increase premium rates noticeably.
Using the data above, we can ascertain that using a $100 deductible costs roughly $29 more each month or $348 every year than selecting the higher $500 deductible. Since you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 14 months between claims, you would most likely save money if you opt for a higher deductible. The numbers below show an example of how you can do this calculation yourself.
| Average monthly premium for $100 deductibles: | $127 |
| Average monthly premium for $500 deductibles (subtract): | – $98 |
| Monthly savings from raising deductible: | $29 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $29 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
The illustration below demonstrates how deductibles and can raise or lower Mitsubishi Lancer insurance prices for each age group. The prices are based on a married female driver, comp and collision included, and no additional discounts are factored in.
Does full coverage make sense?
The information below shows the difference between Mitsubishi Lancer car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Pennsylvania. The data assumes no claims, a clean driving record, $250 deductibles, marital status is single, and no policy discounts are applied.
Guidelines for eliminating full coverage
There is no specific rule to eliminate comp and collision coverage, but there is a general school of thought. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let’s say your Mitsubishi Lancer replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after paying the physical damage deductible. If premiums are more than $400 annually to have full coverage, then it’s probably a good time to buy liability coverage only.
There are some cases where only buying liability is not in your best interest. If you haven’t satisfied your loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not remove full coverage.
Cheaper rates on Mitsubishi Lancer insurance in Philadelphia with these eight car insurance discounts
Companies that sell car insurance do not advertise every possible discount very clearly, so we researched a few of the more well known and also the more inconspicuous credits available to bring down your rates.
- Drive Safe and Save – Drivers who avoid accidents can save up to 40% or more on their Philadelphia auto insurance quote as compared to drivers with claims.
- Military Rewards – Being deployed with a military unit may qualify for rate reductions.
- ABS Brakes – Vehicles with ABS and/or traction control are safer to drive and earn discounts up to 10%.
- Air Bag Discount – Vehicles with factory air bags could see savings of 20 to 30 percent.
- Safety Restraint Discount – Requiring all passengers to use their safety belts can save up to 15% off PIP or medical payments premium.
- Memberships – Joining a civic or occupational organization in Philadelphia is a good way to get lower rates on your next renewal.
- Policy Bundle Discount – If you can bundle your home and auto insurance with the same insurance company they may give you a discount of up to 20% off your total Lancer insurance premium.
- Senior Citizen Discount – Drivers over the age of 55 may receive a slight reduction on a Philadelphia auto insurance quote.
You can save money using discounts, but most discounts do not apply to all coverage premiums. Most cut specific coverage prices like liability and collision coverage. Despite the fact that it seems like you would end up receiving a 100% discount, it doesn’t quite work that way. But any discount will help lower your policy premiums.
The example below illustrates the comparison of Mitsubishi Lancer premium costs with and without discounts being applied to the rates. The costs are based on a female driver, no accidents or driving violations, Pennsylvania state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, homeowner, marriage, and multi-policy discounts applied.
A few of the larger companies and the discounts they provide are outlined below.
- State Farm offers premium reductions for defensive driving training, passive restraint, accident-free, anti-theft, Steer Clear safe driver discount, multiple autos, and driver’s education.
- Progressive may offer discounts for homeowner, multi-policy, good student, online quote discount, online signing, continuous coverage, and multi-vehicle.
- Travelers includes discounts for continuous insurance, IntelliDrive, student away at school, early quote, hybrid/electric vehicle, driver training, and payment discounts.
- American Family has discounts for bundled insurance, mySafetyValet, good student, defensive driver, and TimeAway discount.
- Liberty Mutual discounts include multi-policy, new vehicle discount, multi-car, hybrid vehicle, good student, safety features, and teen driver discount.
When getting a coverage quote, ask every insurance company to apply every possible discount. Some discounts listed above might not be offered in Philadelphia. To choose providers that can offer you the previously mentioned discounts in Philadelphia, click here to view.
Can’t I compare rates from local Philadelphia insurance agents?
Many drivers just prefer to talk to an insurance agent and there is nothing wrong with that. The best thing about comparing car insurance online is you can get the lowest rates and still choose a local agent.
Once you complete this simple form, your insurance data gets sent to local insurance agents who want to provide quotes for your coverage. You never need to search for an agent since price quotes are sent to your email. You’ll get the best rates without a big time investment. If you wish to get a price quote from a specific insurance company, you just need to visit that company’s website to submit a rate quote request.
Finding a good insurance company is decision based upon more than just a cheap price quote. These are valid questions to ask:
- Is there any savings for paying the full premium?
- What company holds the largest book of business for them?
- Are they able to provide referrals?
- Do they see any coverage gaps in your plan?
- How are claims handled?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Does the company use OEM repair parts?
- Is working in the agency their full-time job?
When researching a local Philadelphia insurance agent, you must know there are a couple types of insurance agents and how they differ in how they can insure your vehicles. Philadelphia agents may be either exclusive or independent.
Exclusive Agencies
Exclusive agents have only one company to place business with and some examples include Farmers Insurance, State Farm, Allstate, and AAA. They usually cannot compare rates from other companies so keep that in mind. These agents are well trained on what they offer which helps offset the inability to provide other markets. Some consumers prefer to purchase coverage from exclusives mainly due to the brand name rather than having low rates.
Below are exclusive insurance agencies in Philadelphia that can give you price quote information.
- George Kweder – State Farm Insurance Agent
1521 W Oregon Ave – Philadelphia, PA 19145 – (215) 467-1837 – View Map - Jack Stabler – State Farm Insurance Agent
6726 Torresdale Ave – Philadelphia, PA 19135 – (215) 331-4300 – View Map - Alden Thomas – State Farm Insurance Agent
7983 Oxford Ave – Philadelphia, PA 19111 – (215) 745-3700 – View Map
Independent Car Insurance Agencies
Independent insurance agents can quote rates with many companies and that allows them to write policies through lots of different companies depending on which coverage is best. If premiums increase, they simply move your policy to a different company and you don’t have to find a new agent. When shopping rates, we highly recommend that you get quotes from a few independent agents to ensure the widest selection of prices. Most independent agents also contract with companies that do not advertise much which can be an advantage.
Below are Philadelphia independent insurance agents that can give you price quotes.
- Pa Auto Insurance Outlet
4901 Frankford Ave – Philadelphia, PA 19124 – (215) 827-0800 – View Map - Kowalewski Jawork Insurance Agency Inc
706 S 5th St – Philadelphia, PA 19147 – (215) 922-1222 – View Map - Terra Insurance Services
1879 Cottman Ave – Philadelphia, PA 19111 – (215) 742-3743 – View Map
When should I discuss my situation with an agent?
When choosing the best car insurance coverage, there isn’t really a single plan that fits everyone. Each situation is unique.
These are some specific questions could help you determine whether you could use an agent’s help.
- Why am I required to buy liability insurance?
- If I use my vehicle for business use is it covered?
- When can my company non-renew my policy?
- Should I put collision coverage on all my vehicles?
- Do I need roadside assistance coverage?
- Is extra glass coverage worth it?
- At what point should I drop full coverage?
- How can I get high-risk coverage after a DUI?
- Do they offer discounts for home and auto coverage?
- Who is covered by my policy?
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form.
Specific coverage details
Knowing the specifics of a insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as X-ray expenses, ambulance fees and surgery. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Auto collision coverage
This pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for claims such as damaging your car on a curb, sustaining damage from a pot hole, driving through your garage door and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to increase the deductible on your Lancer to bring the cost down.
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Mitsubishi Lancer.
Since a lot of drivers only purchase the least amount of liability that is required (15/30/5 in Pennsylvania), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.
Comprehensive insurance
This coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things like falling objects, damage from a tornado or hurricane, vandalism and damage from getting keyed. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Auto liability
This coverage can cover injuries or damage you cause to other people or property by causing an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 15/30/5 which means a $15,000 limit per person for injuries, a limit of $30,000 in injury protection per accident, and a total limit of $5,000 for damage to vehicles and property.
Liability coverage protects against claims like repair costs for stationary objects, attorney fees, medical expenses and legal defense fees. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford. Pennsylvania state law requires minimum liability limits of 15/30/5 but you should consider buying better liability coverage.
The chart below demonstrates why minimum state limits may not provide you with enough coverage.
Cover all your bases
When searching for inexpensive Philadelphia auto insurance quotes, never sacrifice coverage to reduce premiums. In many instances, an insured dropped liability limits or collision coverage and discovered at claim time they didn’t purchase enough coverage. The aim is to find the BEST coverage for the lowest cost but still have enough coverage for asset protection.
A few companies do not offer online quoting and usually these smaller companies prefer to sell through independent insurance agents. Lower-priced Mitsubishi Lancer insurance in Philadelphia can be found on the web in addition to local insurance agencies, so you should be comparing quotes from both to have the best selection.
You just read a lot of techniques to compare Mitsubishi Lancer insurance prices in Philadelphia. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your rates. You may even find the most savings is with some of the smallest insurance companies.
Other articles
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Who Has Affordable Auto Insurance for a Ford F-150 in Philadelphia? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Low Mileage Drivers in Philadelphia? (FAQ)
- Who Has the Cheapest Philadelphia Auto Insurance for Unemployed Drivers? (FAQ)
- Who Has Cheap Auto Insurance for Handicapped Drivers in Philadelphia? (FAQ)
- How Much is Philadelphia Auto Insurance for Drivers Over Age 50? (FAQ)
- What Insurance is Cheapest for High Mileage Drivers in Philadelphia? (FAQ)
- Who Has the Cheapest Philadelphia Auto Insurance Quotes for High Risk Drivers? (FAQ)
- Car Insurance: When not to Skimp (BankRate.com)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Rollover Crash FAQ (iihs.org)