Find Cheaper Mitsubishi Lancer Insurance in Tulsa

It’s amazing but over 70% of drivers have been with the same company for at least four years, and almost 40% of drivers have never even compared quotes to find lower-cost rates. Oklahoma consumers could save approximately 35% a year, but they don’t want to take the time to compare other rate quotes.

Truthfully, the best way to quote cheaper Mitsubishi Lancer insurance in Tulsa is to compare prices annually from providers that insure vehicles in Oklahoma. You can compare rates by following these guidelines.

1. Learn about how car insurance works and the modifications you can make to lower rates. Many rating factors that are responsible for high rates like multiple speeding tickets and a low credit rating can be rectified by making lifestyle changes or driving safer. Later in this article we will cover the details to prevent high rates and find overlooked discounts.
2. Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from a single company like GEICO or State Farm, while independent agencies can quote rates for a wide range of companies.
3. Compare the new quotes to your existing policy to see if switching to a new carrier will save money. If you find a lower rate quote, ensure there is no coverage lapse between policies.
4. Notify your agent or company of your decision to cancel your current auto insurance policy. Submit the application along with any required down payment to the new insurer. When you receive it, place your new proof of insurance certificate in a readily accessible location in your vehicle.

A good piece of advice is to use the same physical damage deductibles and liability limits on each price quote and and to compare all possible companies. This helps ensure the most accurate price comparison and many rates to choose from.

The easiest way to compare rates for Mitsubishi Lancer insurance in Tulsa is to know the trick most of the bigger providers will pay a fee to give you rate quotes. The one thing you need to do is provide a little information such as the ages of drivers, how you use your vehicles, your credit rating estimate, and types of safety features. Your information is sent automatically to many highly-rated insurers and they return quotes instantly.

To get price quotes for your Mitsubishi Lancer now, click here and find out if you can get cheaper insurance in Tulsa.

The companies shown below have been selected to offer free quotes in Tulsa, OK. In order to find cheap car insurance in Tulsa, we recommend you visit two to three different companies to find the most competitive auto insurance rates.

Earn discounts to get lower-cost Tulsa auto insurance rates

Some insurers don’t necessarily list the entire discount list in a way that’s easy to find, so we took the time to find both well-publicized and the harder-to-find credits that may apply to you.

• Accident-Free Discounts – Tulsa drivers who stay claim-free are rewarded with significantly better rates on Tulsa car insurance quote as compared to insureds who have frequent claims or accidents.
• Organization Discounts – Affiliation with qualifying clubs or civic groups may earn a discount when shopping for auto insurance.
• Driver Safety – Completing a course teaching defensive driving skills could earn you a small percentage discount and also improve your driving technique.
• College Student Discount – Any of your kids who are attending college without a vehicle on campus may qualify for this discount.
• Multi-line Discount – Larger insurance companies have better premium rates if you take out a life policy as well.
• ABS Brakes – Vehicles equipped with ABS or steering control are much safer to drive and will save you 10% or more on Lancer insurance in Tulsa.

Policy discounts save money, but most of the big mark downs will not be given to the whole policy. Most cut individual premiums such as liability, collision or medical payments. So despite the fact that it appears it’s possible to get free car insurance, company stockholders wouldn’t be very happy.

The chart below illustrates the difference between Mitsubishi Lancer auto insurance costs with and without some available policy discounts. The price estimates are based on a male driver, no claims or driving citations, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, homeowner, multi-policy, and marriage discounts applied.

Car insurance companies that possibly offer most of these discounts are:

• State Farm
• GEICO
• Allstate
• SAFECO
• Farm Bureau
• Progressive
• AAA

It’s a good idea to ask each insurance company what discounts are available to you. Some of the earlier mentioned discounts might not be offered on policies in your state. To see a list of insurers offering auto insurance discounts in Oklahoma, click this link.

Insurance coverage analysis

The table displayed next covers estimates of insurance prices for Mitsubishi Lancer models. Understanding how insurance quotes are figured can help guide drivers when making decisions on the best policy to buy.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Table data does not factor in vehicle location which can revise auto insurance rates considerably.

Where to set your deductibles

When comparing car insurance rates, the most common question is how high should the physical damage deductibles be. The comparison tables below highlight the difference in cost between high and low physical damage coverage deductibles. The first set of prices uses a $100 deductible for physical damage and the second set of prices uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Price estimates do not factor in vehicle location which can lower or raise premiums substantially.

Using the premium rates above, we can conclude that using a $100 deductible will cost you about $57 more each month or $684 annually averaged for all Lancer models than selecting the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 16 months between claim filings, you would come out ahead by going with a higher deductible.

The chart below illustrates how choosing a deductible and can affect Mitsubishi Lancer insurance costs for different age groups of insureds. The costs are based on a married female driver, comprehensive and collision coverage, and no discounts are applied.

When to talk to an insurance agency

Some people would prefer to talk to an insurance agent and often times that is recommended Professional agents are very good at helping people manage risk and help file insurance claims. The biggest benefit of price shopping on the web is the fact that you can find cheap auto insurance rates and also buy local. Supporting neighborhood agents is definitely important in Tulsa.

After completing this quick form, your coverage information is submitted to participating agents in Tulsa who will give you bids for your insurance coverage. There is no need to find an agent on your own due to the fact that quote results will go directly to your email. In the event you want to quote rates from one company in particular, you can always visit that company’s website and complete a quote there.

If you are wanting to purchase auto insurance from a reputable insurance agent or broker, you should know the different agency structures and how they function. Auto insurance agents are classified as either exclusive or independent. Both do a good job, but it is a good idea to know the subtle differences since it can impact the kind of agent you use.

Independent Auto Insurance Agents

Independent agents are not employed by one company and that enables them to quote your coverage through many companies and help determine which has the cheapest rates. If they quote lower rates, your agent can just switch to a different company and that require little work on your part.

When shopping rates, we recommend you include price quotes from a few independent agents so that you can do a thorough price comparison.

Featured below is a small list of independent insurance agencies in Tulsa who may be able to give you competitive price quotes.

More Tulsa agents

Exclusive Insurance Agents

Exclusive agents can only provide one company’s prices such as Allstate, AAA, Farmers Insurance, and State Farm. They generally cannot place coverage with different providers so they really need to provide good service. They are usually well trained on sales techniques which aids in selling service over price.

Below is a list of exclusive agencies in Tulsa who can help you get rate quotes.

More Tulsa agents

Deciding on an insurance agent needs to be determined by more than just the bottom line cost. Any agent in Tulsa should be forthright in answering these questions:

• How much will you save each year by using a higher deductible?
• Which companies can they place coverage with?
• Where are claims handled?
• Is the agent properly licensed in Oklahoma?
• Did they already check your driving record and credit reports?
• Can they give you a list of client referrals?

Once you have good responses and locked in a price quote, chances are good that you have found an auto insurance agent that meets the requirements to adequately provide auto insurance.

How You Can Control Mitsubishi Lancer Insurance Premiums

Lots of factors are part of the equation when premium rates are determined. Some are obvious like a motor vehicle report, but other factors are more transparent like your continuous coverage or how financially stable you are. Consumers need to have an understanding of the different types of things that play a part in calculating your policy premiums. If you understand what impacts premium levels, this empowers consumers to make smart changes that could help you find better auto insurance rates.

Listed below are just a few of the factors used by companies to determine your rate level.

• How’s your driving record? – Drivers who don’t get tickets receive lower rates as compared to those with violations. Having a single ticket can increase the cost of insurance by as much as thirty percent. People who have severe tickets like DUI, reckless driving or excessive speeding might be required by their state to complete a SR-22 with their state DMV in order to legally drive a vehicle.

  The illustration below shows how violations and at-fault collisions influence Mitsubishi Lancer insurance premiums for different age categories. The data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.

• Your age impacts your costs – More mature drivers are proven to be safer behind the wheel, statistically cause fewer accidents, and are generally more financially stable. Young drivers have been known to be easily distracted with other occupants in the car and because of this, their auto insurance rates are much higher.

  The data below assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.

• Allowing your auto insurance policy to lapse raises rates – Having a lapse in insurance coverage is a fast way to bump up your auto insurance costs. And not only will your rates increase, failure to provide proof of insurance might get you a license revocation or jail time.

• Insurance premiums and driver gender – Statistics show females are less aggressive when driving. It does not mean females are better at driving than males. Both sexes are responsible for auto accidents in similar numbers, but men tend to have higher claims. They also get higher numbers of serious violations such as DWI and reckless driving. Males from age 16 to 21 are the most expensive to insure and therefore have the most expensive auto insurance rates.

  The example below shows the comparison of Mitsubishi Lancer insurance rates for male and female drivers. The data is based on no accidents or driving violations, full physical damage coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

• Annual miles is a factor – The more you drive annually the higher the price you pay to insure it. Almost all companies apply a rate based upon how you use the vehicle. Autos not used for work or commuting can get a lower rate compared to those used for work or business. Incorrect rating for your Lancer may be costing you. Verify your vehicle rating is rated on the right rating data, because improper ratings can cost you money.

• Insurance loss data for Mitsubishi Lancer vehicles – Car insurance companies include the past claim trends for vehicles as a tool for profitable underwriting. Models that statistically have higher losses will have a higher cost to insure. The table below outlines the historical loss data for Mitsubishi Lancer vehicles.

  For each coverage category, the loss probability for all vehicles, as an average, is considered to be 100. Values that are below 100 indicate better than average losses, while values that are above 100 point to more frequent losses or larger claims.

  
  

  Mitsubishi Lancer Insurance Loss Statistics

  Make and 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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

Buying the right vehicle insurance in Oklahoma is an important decision

Despite the high insurance cost for a Mitsubishi Lancer in Tulsa, buying insurance is not optional due to several reasons.

• Just about all states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance if you want to drive legally. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a lien on your Mitsubishi, most lenders will require you to have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank may insure your Mitsubishi at an extremely high rate and make you pay the higher price.
• Insurance protects not only your car but also your financial assets. It will also reimburse you for medical bills for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If your Mitsubishi gets damaged, comprehensive and/or collision insurance will pay to have it repaired.

The benefits of having insurance more than cancel out the cost, especially if you ever need it. Today the average American driver is wasting up to $865 each year so you should quote and compare rates at every renewal to help ensure money is not being wasted.

Persistence is the key to cheaper rates

We just presented some good ideas how to reduce Mitsubishi Lancer insurance premium rates online in Tulsa. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even find the biggest savings come from a smaller regional carrier. They can often insure niche markets at a lower cost than their larger competitors like Progressive and GEICO.

When trying to cut insurance costs, it’s a bad idea to skimp on coverage in order to save money. In many cases, an insured cut comprehensive coverage or liability limits only to find out that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy enough coverage for the lowest price while still protecting your assets.

Other resources

• Older Driver Statistics (Insurance Information Institute)
• Who Has the Cheapest Auto Insurance Quotes for a Nissan Versa in Tulsa? (FAQ)
• Credit Impacts Car Insurance Rates (State Farm)
• Senior Drivers (Insurance Information Institute)