Auto Insurance Quotes for a Mitsubishi Lancer in Honolulu

It’s shocking but most consumers have bought car insurance from the same company for a minimum of four years, and 38% of drivers have never compared car insurance rates at all. The average driver in Hawaii could save $356 each year by just shopping around, but they assume it’s a waste of time to compare other rate quotes.

Insurance for Mitsubishi LancerThe easiest way to find better pricing on Mitsubishi Lancer insurance in Honolulu is to make a habit of comparing prices annually from providers in Hawaii. Rates can be compared by completing these steps.

  1. Gain an understanding of how insurance works and the changes you can make to prevent expensive coverage. Many rating factors that cause rate increases like traffic violations and an unfavorable credit rating can be amended by making minor changes in your lifestyle.
  2. Request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from one company like Progressive or Farmers Insurance, while independent agents can provide prices for a wide range of insurance providers.
  3. Compare the new rate quotes to your current policy premium and see if there is a cheaper rate. If you find a lower rate quote and change companies, ensure there is no coverage lapse between policies.

The most important part of this process is to compare similar limits and deductibles on each quote and and to get price quotes from as many different companies as possible. Doing this enables a fair price comparison and maximum price selection.

If you have a policy now or need a new policy, you can use these techniques to reduce the price you pay while maximizing coverage. Comparing quotes for the best-priced insurance policy in Honolulu is simple if you know the tricks. Smart shoppers only need to know the proper way to shop their coverage around online.

Quote Honolulu Mitsubishi Lancer insurance online

Finding cheap Honolulu insurance rates is a great way to save money. All that’s required is to take the time comparing price quotes from some recommended companies.

The companies shown below have been selected to offer price comparisons in Honolulu, HI. If multiple companies are shown, we recommend you visit two to three different companies in order to find the cheapest rates.

Honolulu insurance discounts for a Mitsubishi Lancer

Insurance is not cheap nor is it fun to buy but there may be some discounts that can help lower your rates. Larger premium reductions will be automatically applied at the time of purchase, but occasionally some discounts must be inquired about before you get the savings.Insurance discounts

Policy discounts save money, but some of the credits will not apply to the whole policy. Most only apply to specific coverage prices like comp or med pay. Despite the appearance that it’s possible to get free car insurance, you aren’t that lucky.

The chart below compares Mitsubishi Lancer car insurance rates with and without discounts applied to the rates. The premiums are based on a female driver, no accidents or driving violations, Hawaii state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, homeowner, multi-car, and multi-policy discounts applied.

Larger insurance companies and a summarized list of policyholder discounts are:

Check with every prospective company the best way to save money. Discounts may not apply to policyholders in every state.

Analysis of coverages

The data table shown below outlines different insurance policy prices for Mitsubishi Lancer models. Having a good grasp of how insurance rates are figured is important for drivers to make decisions when shopping your coverage around.

Mitsubishi Lancer Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $122 $250 $300 $18 $90 $780 $65
Lancer ES $122 $250 $300 $18 $90 $780 $65
Lancer GTS $136 $288 $300 $18 $90 $832 $69
Lancer Sportback GTS $136 $288 $300 $18 $90 $832 $69
Lancer RALLIART $150 $326 $300 $18 $90 $884 $74
Lancer Sportback Ralliart $150 $326 $300 $18 $90 $884 $74
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Estimates do not factor in vehicle location which can lower or raise coverage prices greatly.

Comparison of policy deductibles

One of the hardest decisions when shopping for car insurance is how high should the physical damage deductibles be. The figures shown below outline the differences in price between low and high insurance deductibles. The first pricing table uses a $250 physical damage deductible and the second price chart uses a $500 deductible.

Mitsubishi Lancer insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $230 $406 $264 $16 $80 $1,021 $85
Lancer ES $230 $406 $264 $16 $80 $1,021 $85
Lancer GTS $258 $468 $264 $16 $80 $1,111 $93
Lancer Sportback GTS $258 $468 $264 $16 $80 $1,111 $93
Lancer RALLIART $284 $528 $264 $16 $80 $1,197 $100
Lancer Sportback Ralliart $284 $528 $264 $16 $80 $1,197 $100
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Mitsubishi Lancer insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Lancer DE $188 $328 $264 $16 $80 $876 $73
Lancer ES $188 $328 $264 $16 $80 $876 $73
Lancer GTS $210 $378 $264 $16 $80 $948 $79
Lancer Sportback GTS $210 $378 $264 $16 $80 $948 $79
Lancer RALLIART $230 $426 $264 $16 $80 $1,016 $85
Lancer Sportback Ralliart $230 $426 $264 $16 $80 $1,016 $85
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Price estimates do not factor in specific location information which can alter premiums considerably.

We can estimate from the data above that using a $250 deductible costs about $14 more each month or $168 a year than quoting the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 18 months between claims, you would probably come out ahead by selecting a higher deductible.

Cost of full coverage

The diagram below visualizes the comparison of Mitsubishi Lancer yearly insurance costs with liability coverage only compared to full coverage. The rates are based on no driving violations, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are taken into consideration.

Are you wasting money paying for full coverage?

There is no definitive guideline to exclude full coverage on your policy, but there is a general guideline. If the annual cost of coverage is about 10% or more 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 assume your Mitsubishi Lancer replacement value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $6,000 after paying your policy deductible. If premiums are more than $600 annually to have full coverage, then it might be time to buy liability only.

There are some conditions where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.

Smart Choices Result in Lower Insurance Prices

Lots of things are used when you quote your car insurance policy. Some are obvious such as your driving record, although others are less obvious such as your marital status or how safe your car is. Consumers need to have an understanding of the rating factors that aid in calculating auto insurance rates. When consumers understand what positively or negatively impacts your premiums, this allows you to make educated decisions that may result in lower rates.

Get cheaper rates if you’re married – Having a significant other can get you a discount on your auto insurance policy. Having a significant other may mean you are more financially stable and it’s proven that drivers who are married file infrequent claims.

Low credit rating equals high premiums – Your credit score can be a huge factor in determining your rates. Drivers who have high credit scores tend to file fewer claims as compared to drivers with poor credit scores. If your credit can be improved, you may save money insuring your Mitsubishi Lancer by spending a little time repairing your credit.

Impacts performance impacts auto insurance costs – The performance level of the car or truck you own makes a significant difference in your car insurance bill. The cheapest insurance rates are for small economy passenger vehicles, but the cost you end up paying is determined by many additional factors.

The data below is based on a married female driver age 40, full coverage with $500 deductibles, and no discounts or violations. It shows Mitsubishi Lancer rates compared to other models that have a range of risk factors.

Insurance rates in urban areas – Being located in less populated areas may provide you with better prices when it comes to auto insurance. Drivers in populated areas have more auto accidents and more time behind the wheel. Less people living in that area means reduced accidents in addition to fewer liability claims.

Five star IIHS safety rating saves money – Vehicles with good safety scores are cheaper to insure. Vehicles engineered for safety help reduce the chance of injuries in an accident and lower injury rates means less claims paid passed on to you as lower rates. If your Mitsubishi earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.

Annual mileage and car insurance rates – The more miles you rack up on your Mitsubishi every year the more you’ll pay to insure your vehicle. Most companies charge rates based upon how you use the vehicle. Autos left parked in the garage cost less to insure than vehicles that are driven to work every day. Having the wrong rating on your Lancer may be costing you higher rates. Double check that your vehicle rating properly reflects annual mileage, because improper ratings can cost you money.

A car insurance policy lapse is a bad thing – Going without insurance can be a fast way to increase your renewal premiums. In addition to paying higher premiums, getting caught without coverage may earn you a license revocation or jail time.

Deter theft and save money – Owning a car with a theft deterrent system can get you a discount on your auto insurance. Theft deterrent systems such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop auto theft and help lower rates.

Insurance loss statistics a Mitsubishi Lancer – Companies factor in insurance loss information to help calculate a profitable premium price. Models that the statistics show to have higher loss trends will have higher premium rates.

The information below illustrates the insurance loss data used by companies for Mitsubishi Lancer vehicles. For each coverage category, the statistical loss for all vehicles, regardless of make or model, is equal to 100. Numbers shown that are under 100 represent a good loss history, while values that are 100 or greater indicate a higher chance of having a claim or statistically larger claims.

Mitsubishi Lancer Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Mitsubishi Lancer 2WD 153 146 127 192 218 172
Mitsubishi Lancer 4WD 149 131 148 135
Mitsubishi Lancer Evolution 4WD 225 123 221

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Auto insurance agents near you

Many people just prefer to visit with an insurance agent and that is a smart decision Good insurance agents can answer important questions and help submit paperwork. One of the great benefits of getting free rate quotes online is the fact that drivers can get cheap rate quotes but also keep your business local. And supporting local insurance agencies is definitely important in Honolulu.

Upon completion of this short form, the quote information is immediately sent to companies in Honolulu who want to provide quotes for your business. There is no reason to even leave your home due to the fact that quote results will go immediately to you. If you need to get a rate quote from a specific insurance company, you would need to visit that company’s website and fill out the quote form the provide.

Choose an insurance agent wisely

When finding a good insurance agency, you need to know there are two different types of agencies and how they operate. Auto insurance agents may be either independent or exclusive depending on the company they work for. Both write policy coverage, but it’s good to learn how they are different because it may have an impact on the kind of agent you use.

Independent Auto Insurance Agencies

Independent insurance agents are not restricted to one company so they have the ability to put coverage through lots of different companies and help determine which has the cheapest rates. If your agent finds better pricing, your policy is moved internally and that require little work on your part.

If you need lower rates, it’s a good idea to include price quotes from multiple independent agents to ensure the widest selection of prices. Most have the option of insuring with less well-known companies which can save you money.

The following is a short list of independent insurance agencies in Honolulu that may be able to provide free rate quotes.

View more Honolulu agents

Exclusive Auto Insurance Agents

Exclusive agents have only one company to place business with and some examples include AAA, Allstate, State Farm, or Farmers Insurance. These agents are not able to give you multiple price quotes so it’s a take it or leave it situation. They receive a lot of sales training on their company’s products and that enables them to sell even at higher rates. Some consumers prefer to use the same exclusive agent mostly because of the brand and strong financial ratings.

Listed below is a short list of exclusive agencies in Honolulu that can give you price quotes.

View more Honolulu agents

Choosing a insurance agent shouldn’t rely on just a low price. Here are some questions you might want to ask.

After talking to the agent and getting reasonable responses to your questions and locked in a price quote, it’s a good possibility that you have found an auto insurance agent that meets the criteria to provide auto insurance coverage. Just remember consumers can cancel a policy when you choose so don’t think that you are permanently stuck with a specific agent for the entire policy term.

When to get professional advice

When it comes to proper insurance coverage, there is no “perfect” insurance plan. Everyone’s situation is a little different.Insurance savings

For example, these questions can help discover if your insurance needs may require specific advice.

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form. It is quick, free and can provide invaluable advice.

Frequent quotes can save

Cheaper auto insurance in Honolulu is attainable on the web and also from your neighborhood Honolulu agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies do not provide internet price quotes and these smaller providers sell through local independent agents.

We just showed you many ideas to reduce Mitsubishi Lancer insurance prices online in Honolulu. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. You may even be surprised to find that the lowest priced auto insurance comes from a lesser-known regional company.

When getting Honolulu auto insurance quotes online, it’s a bad idea to skimp on coverage in order to save money. There have been many situations where an insured cut liability coverage limits only to regret that the small savings ended up costing them much more. The proper strategy is to find the BEST coverage at a price you can afford.

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