Car Insurance Rate Quotes for a Mitsubishi Lancer in Bakersfield

Insurance rates Mitsubishi Lancer in BakersfieldIt’s an obvious assumption that insurance companies don’t want you to look for cheaper rates. Drivers who compare other prices will most likely buy a new policy because they have good chances of finding coverage at a more affordable price. A recent car insurance study discovered that consumers who routinely shopped for cheaper coverage saved $865 annually compared to policyholders who didn’t regularly shop around.

If finding budget-friendly rates on auto insurance in Bakersfield is why you’re here, then having a good understanding how to quote and compare insurance rates can help simplify the process.

It takes a few minutes, but the best way to find more affordable Mitsubishi Lancer insurance in Bakersfield is to start doing a yearly price comparison from providers in California.

  1. Learn about coverages and the factors you can control to keep rates in check. Many risk factors that result in higher prices like at-fault accidents and an unacceptable credit rating can be eliminated by making minor changes to your lifestyle.
  2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Allstate, while independent agencies can give you price quotes from many different companies.
  3. Compare the new rates to the price on your current policy to determine if switching companies saves money. If you find a lower rate quote and switch companies, verify that coverage does not lapse between policies.
  4. Provide written notification to your current company of your intent to cancel your current policy and submit the completed application along with a down payment to your new insurance company. As soon as you can, place your new proof of insurance certificate along with your vehicle registration.

An important part of this process is to try to compare identical coverage information on every quote request and and to get rate quotes from every company you can. Doing this guarantees the most accurate price comparison and a complete selection of prices.

Choosing the best insurance company for you in Bakersfield is actually very simple if you learn how to start. If you are already insured, you will be able to shop for the lowest rates using these tips. Although California car owners should learn how companies determine premium rates and apply this information to your search.

Take policy discounts and save on Mitsubishi Lancer insurance in Bakersfield

Some providers don’t list all discounts in an easy-to-find place, so the list below contains both well-publicized as well as some of the hidden credits that you can use to lower your rates. If you do not check that you are getting every discount possible, you are just wasting money.Car insurance discounts

Don’t be surprised that some credits don’t apply to the whole policy. Most only cut specific coverage prices like medical payments or collision. So even though you would think you can get free auto insurance, company stockholders wouldn’t be very happy.

The chart below compares Mitsubishi Lancer insurance prices with and without policy discounts. The price estimates are based on a male driver, no accidents, no driving violations, California state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, marriage, safe-driver, homeowner, and multi-car discounts applied.

To find companies that can offer you the previously mentioned discounts in Bakersfield, follow this link.

All major auto insurance companies allow you to get price estimates online. Getting online quotes for Mitsubishi Lancer insurance in Bakersfield is very simple as all you need to do is type in your coverage preferences into a form. Behind the scenes, the quote system obtains reports for credit and driving violations and quotes a price based on many factors.

Quoting online for Mitsubishi Lancer insurance in Bakersfield simplifies rate comparisons, and it’s absolutely necessary to compare as many rates as possible if you are searching for the cheapest possible prices on auto insurance.

To save time and compare rates now, compare rate quotes from the providers shown below. If you have coverage now, it’s recommended you copy the limits and deductibles as close as possible to your current policy. This helps ensure you will get comparison quotes based on the exact same insurance coverage.

The auto insurance companies shown below can provide free quotes in California. If multiple providers are shown, we recommend you visit several of them in order to get a fair rate comparison.

Coverage statistics and figures

The premium information shown below showcases different coverage costs for Mitsubishi Lancer models. Learning more about how policy premiums are established can aid in making smart choices when choosing a car insurance company.

Mitsubishi Lancer Insurance Rates in Bakersfield, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $348 $672 $596 $36 $178 $1,830 $153
Lancer ES $348 $672 $596 $36 $178 $1,830 $153
Lancer GTS $388 $774 $596 $36 $178 $1,972 $164
Lancer Sportback GTS $388 $774 $596 $36 $178 $1,972 $164
Lancer RALLIART $428 $876 $596 $36 $178 $2,114 $176
Lancer Sportback Ralliart $428 $876 $596 $36 $178 $2,114 $176
Get Your Own Custom Quote Go

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Information does not factor in specific Bakersfield garaging location which can influence price quotes greatly.

An analysis of deductible level

One common question asked by Bakersfield drivers is how high or low should comp and collision deductibles be. The figures shown below can help show the costs and benefits when you buy lower versus higher physical damage deductibles. The first price estimate table uses a $250 deductible and the second set of prices 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 $386 $678 $442 $26 $132 $1,689 $141
Lancer ES $386 $678 $442 $26 $132 $1,689 $141
Lancer GTS $430 $780 $442 $26 $132 $1,835 $153
Lancer Sportback GTS $430 $780 $442 $26 $132 $1,835 $153
Lancer RALLIART $474 $882 $442 $26 $132 $1,981 $165
Lancer Sportback Ralliart $474 $882 $442 $26 $132 $1,981 $165
Get Your Own Custom Quote Go

Mitsubishi Lancer insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $238 $426 $442 $26 $132 $1,264 $105
Lancer ES $238 $426 $442 $26 $132 $1,264 $105
Lancer GTS $266 $490 $442 $26 $132 $1,356 $113
Lancer Sportback GTS $266 $490 $442 $26 $132 $1,356 $113
Lancer RALLIART $292 $556 $442 $26 $132 $1,448 $121
Lancer Sportback Ralliart $292 $556 $442 $26 $132 $1,448 $121
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Table data does not factor in garaging location in Bakersfield which can raise or lower auto insurance rates substantially.

Based on this data, using a $250 deductible will cost you approximately $40 more each month or $480 each year than requesting the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you average more than 19 months between claims, you would save more money if you choose the higher deductible. Below is how we made this calculation.

Average monthly premium for $250 deductibles: $153
Average monthly premium for $1,000 deductibles (subtract): – $113
Monthly savings from raising deductible: $40
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $40
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One important caveat is that raising deductibles to get cheaper rates means you will have to pay more of your own money if you have a claim. You must have enough disposable savings in order to pay the deductible for vehicle repair.

The diagram below shows how choosing a deductible and can impact Mitsubishi Lancer insurance premiums for different age groups of insureds. The rates are based on a married male driver, full coverage, and no additional discounts are factored in.

Mitsubishi Lancer liability-only versus full coverage

The information below illustrates the comparison of Mitsubishi Lancer yearly insurance costs when comparing full coverage to liability only. The rate quotes are based on no violations or claims, $250 deductibles, single marital status, and no policy discounts are applied.

When to eliminate full coverage

There is no definitive formula to delete physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Mitsubishi Lancer book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after paying the physical damage deductible. If it’s costing in excess of $700 annually to have full coverage, then you might want to consider buying only liability coverage.

There are some situations where eliminating full coverage is not financially feasible. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Shop online but buy locally

Many drivers would prefer to buy from a licensed agent and that is OK! The biggest benefit of comparing auto insurance online is you may find cheaper rates and still choose a local agent.

To make it easy to find an agent, after completing this short form, your coverage information is transmitted to local insurance agents who want to provide quotes for your insurance coverage. There is no reason to leave your house since price quotes are sent to the email address you provide. You can find better rates and an insurance agent to talk to. If for some reason you want to compare rates from a specific insurance company, you just need to jump over to their website to submit a rate quote request.

Finding the right insurance company shouldn’t rely on just a cheap price quote. Get answers to these questions too.

Quote often and quote early

When you buy Bakersfield car insurance online, never reduce coverage to reduce premium. There are many occasions where an insured cut physical damage coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your objective should be to purchase a proper amount of coverage for the lowest cost but still have enough coverage for asset protection.

Drivers leave their current company for a number of reasons such as lack of trust in their agent, questionable increases in premium, delays in responding to claim requests or delays in paying claims. Regardless of your reason for switching companies, finding a new auto insurance company is pretty simple and you could end up saving a buck or two.

We’ve covered a lot of techniques to save on Mitsubishi Lancer insurance in Bakersfield. The most important thing to understand is the more quotes you get, the better your chances of lowering your car insurance rates. Consumers may even find the lowest rates are with a company that doesn’t do a lot of advertising.

Additional resources