Find Affordable Mitsubishi Lancer Insurance in San Antonio

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Insurance for Mitsubishi LancerSearching for low-cost insurance for your Mitsubishi Lancer in Texas can normally be a painful process, but you can learn a few tricks and make it easy. There are more efficient ways to shop for insurance so we're going to tell you the absolute fastest way to compare rates for a new or used Mitsubishi and find the lowest price from both online companies and San Antonio agents.

It's smart to get comparison quotes quite often because insurance prices are variable and change quite frequently. Even if you think you had the best rates on Mitsubishi Lancer insurance in San Antonio last year you may be paying too much now. Ignore everything you know about insurance because we're going to show you one of the easiest ways to save on insurance.

Most larger insurance companies such as Allstate, GEICO and Progressive allow you to get prices for coverage from their websites. Doing online price comparisons for Mitsubishi Lancer insurance in San Antonio is easy for anyone as you simply enter the coverages you want on the page. Upon sending the form, the system automatically orders your driving record and credit report and generates a price based on the information you submitted.

Being able to quote online for Mitsubishi Lancer insurance in San Antonio makes it easy to compare insurance prices and it's absolutely necessary to compare as many rates as possible in order to get lower-cost prices.

To quickly use this form to compare rates, consider comparing rates from the companies shown below. To compare your current rates, we recommend that you enter the coverage information exactly as they are listed on your policy. This way, you will receive an apples-to-apples comparison using the same coverage and limits.

The following companies have been selected to offer free quotes in San Antonio, TX. If the list has multiple companies, it's highly recommended you get rates from several of them in order to find the most competitive rates.

Auto insurance is an important decision

Despite the fact that auto insurance is not cheap in San Antonio, maintaining insurance is most likely required but also gives you several important benefits.

  • The majority of states have mandatory liability insurance requirements which means you are required to carry a specific level of liability if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a loan on your vehicle, almost all lenders will require that you carry insurance to guarantee loan repayment. If you do not pay your insurance premiums, the lender will be forced to insure your Mitsubishi at a significantly higher premium and require you to fork over the higher price.
  • Auto insurance protects both your Mitsubishi and your personal assets. It will also pay for most medical and hospital costs for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also covers legal expenses if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.

The benefits of having insurance definitely exceed the cost, especially for larger claims. Despite what companies tell you, the average driver is currently overpaying as much as $820 a year so it's very important to do a rate comparison at every renewal to ensure rates are competitive.

Rate information and statistics

The table displayed next showcases a range of coverage prices for Mitsubishi Lancer models. Having a better idea how policy rates are figured can help drivers make smart choices when selecting a coverage provider.

Mitsubishi Lancer Insurance Rates in San Antonio, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $158 $306 $358 $22 $108 $952 $79
Lancer ES $158 $306 $358 $22 $108 $952 $79
Lancer GTS $176 $352 $358 $22 $108 $1,016 $85
Lancer Sportback GTS $176 $352 $358 $22 $108 $1,016 $85
Lancer RALLIART $194 $398 $358 $22 $108 $1,080 $90
Lancer Sportback Ralliart $194 $398 $358 $22 $108 $1,080 $90
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Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price information does not factor in the specific area where the vehicle is garaged which can influence auto insurance rates substantially.

Where to set your deductibles

When shopping for car insurance, a common question is which comprehensive and collision deductibles to buy. The following insurance rates can help you visualize the differences in price between high and low coverage deductibles. The first data table uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.

Mitsubishi Lancer insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $332 $584 $382 $22 $114 $1,459 $122
Lancer ES $332 $584 $382 $22 $114 $1,459 $122
Lancer GTS $370 $672 $382 $22 $114 $1,585 $132
Lancer Sportback GTS $370 $672 $382 $22 $114 $1,585 $132
Lancer RALLIART $408 $762 $382 $22 $114 $1,713 $143
Lancer Sportback Ralliart $408 $762 $382 $22 $114 $1,713 $143
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Mitsubishi Lancer insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $206 $368 $382 $22 $114 $1,092 $91
Lancer ES $206 $368 $382 $22 $114 $1,092 $91
Lancer GTS $228 $424 $382 $22 $114 $1,170 $98
Lancer Sportback GTS $228 $424 $382 $22 $114 $1,170 $98
Lancer RALLIART $252 $478 $382 $22 $114 $1,248 $104
Lancer Sportback Ralliart $252 $478 $382 $22 $114 $1,248 $104
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Premium costs do not factor in specific zip code location which can affect insurance rates considerably.

Based on the above data, using a $250 deductible costs an average of $34 more each month or $408 every year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 22 months between claim filings, you would come out ahead going with the higher deductible. Here is the way you can perform this determination yourself.

Average monthly premium for $250 deductibles: $132
Average monthly premium for $1,000 deductibles (subtract): - $98
Monthly savings from raising deductible: $34
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

An important thing to remember is that higher deductibles means you will have to cover more of the damage yourself if you have a claim. You need to have some available funds in the event you have to pay the higher deductible.

Drive responsibly or pay higher rates

The illustration below shows how violations and fender-benders can raise Mitsubishi Lancer insurance rates for different ages of insureds. The premiums assume a married male driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.

Rate comparison of males versus females in San Antonio

The chart below illustrates the comparison of Mitsubishi Lancer annual premium costs for male and female drivers. The information is based on no claims or driving violations, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are factored in.

Full coverage versus liability only rates

The example below shows the comparison of Mitsubishi Lancer car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no claims or violations, $250 deductibles, single marital status, and no discounts are taken into consideration.

Deciding between full coverage and liability only

There is no specific rule to eliminate physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let's pretend your Mitsubishi Lancer replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after you pay the deductible. If you are paying over $400 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some cases where only buying liability is not financially feasible. If you haven't paid off your loan, you have to carry full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Cheaper San Antonio auto insurance rates with discounts

Companies offering auto insurance do not advertise every possible discount very well, so below is a list some of the more common and also the lesser-known credits that may apply to you.Save money with discounts

  • Early Renewal Discounts - Some insurance companies provide a discount for signing up before your current Lancer insurance policy expires. It can save you around 10%.
  • Passenger Safety Discount - Cars that have air bags can qualify for discounts of 20% or more.
  • Good Student Discount - A discount for being a good student could provide a savings of up to 20% or more. Most companies allow this discount well after school through age 25.
  • Savings for New Vehicles - Adding a new car to your policy can save you some money compared to insuring an older model.
  • Pay Upfront and Save - If paying your policy premium upfront instead of paying each month you may have a lower total premium amount.
  • Mature Driver Discount - If you qualify as a senior citizen, you can possibly qualify for reduced rates.
  • Bundled Policy Discount - If you combine your auto and home policies with one company you will save up to 20% and get you the cheapest Mitsubishi Lancer insurance in San Antonio.
  • Telematics Discount - San Antonio drivers who agree to allow data collection to look at driving manner through the use of a telematics system such as Progressive's Snapshot and State Farm's In-Drive may see discounts if they are good drivers.
  • ABS and Traction Control Discounts - Cars, trucks, and SUVs that have steering control and anti-lock brakes can reduce accidents and the ABS can save up to 10%.
  • College Student Discount - Older children who are attending college and won't have access to an insured vehicle may be insured at a cheaper rate.

You can save money using discounts, but most credits do not apply to the whole policy. Most cut the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that you would end up receiving a 100% discount, company stockholders wouldn't be very happy.

The information below illustrates the comparison of Mitsubishi Lancer auto insurance rates with and without discounts applied to the policy rates. Data assumes a female driver, no violations or accidents, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, marriage, multi-policy, homeowner, and claim-free discounts applied.

Popular auto insurance companies and some of the discounts include:

  • GEICO may offer discounts for five-year accident-free, federal employee, emergency military deployment, multi-vehicle, anti-lock brakes, good student, and daytime running lights.
  • MetLife may have discounts that include defensive driver, good student, multi-policy, claim-free, and accident-free.
  • State Farm policyholders can earn discounts including multiple autos, accident-free, safe vehicle, good driver, anti-theft, Drive Safe & Save, and driver's education.
  • Progressive has discounts for continuous coverage, good student, multi-policy, online signing, multi-vehicle, homeowner, and online quote discount.
  • Mercury Insurance discounts include good student, annual mileage, accident-free, multi-policy, type of vehicle, and good driver.
  • 21st Century offers discounts including teen driver, theft prevention, good student, driver training, early bird, homeowners, and 55 and older.
  • Allstate offers discounts for good payer, anti-theft, safe driver, utility vehicle, auto/life discount, early signing, and teenSMART discount.

It's a good idea to ask all the companies the best way to save money. Savings may not be available in San Antonio. To find providers with discount auto insurance rates in Texas, click here to view.